Someday Silver will be worth money.
personally, i’m really bullish on the long term prospects for CryptoTulips, though i am willing to sell off just a few of the extra ones i own right now ...
Long term, sure. But first BTC is going down to $12,000, and perhaps lower, in the next few months (or sooner)
Bitcoin’s prospects haven’t changed with the current decline.
Either it will become worthless or it will go way, way up — say a 50% chance of each.
I’m really bullish on gold and silver.
Crypto is still vaporware and sooner or later it’ll be “Joshua fit the battle of bitcoin” all over again.
People who fall for this article also like the falling knife syndrome - and are on the wrong side of the ‘greater fool theory’.
Bullshart!
Crypto is a fad similar to the Pet Rock.
This article is a superficial take on biggest change in human society we will ever see, unless bug-eyed aliens take over soon.
Bitcoin was invented in 2009, in a Satoshi white paper. “Crypto” however, is the me-too crap that came afterwards in an attempt to cash in on the concept. Most “crypto” turned out to be a rug-pull scam or will before long.
ONLY Bitcoin is truly decentralized. There is no rug nor anyone to pull it. ONLY Bitcoin can BE truly decentralized because it absorbed most of the private computational resources which are available for a decentralized money. There was one worm available for the eating and Bitcoin was the early bird.
The exchange-rate boost for Bitcoin will happen after “crypto” and “DeFi” finally die completely and stop acting as dead weight on Bitcoin. The money-scammers were able to bury Bitcoin in crypto BS by association for a while, but gravity cannot be denied forever.
If you think the diminishing dollars (due to inflation) in your wallet are screwing you, just wait until they’re replaced by Fed CBDC. CBDC will come with TOU (Terms Of Use). They intend for it to be your only money, which they control completely. They will not allow payments/donations to Christian churches, gun/ammo dealers, or disfavored political advocacy groups. This will be Fed policy rather than government directly, so there will be no recourse in the law.
The government role will be to ban gold and probably silver for trade and possession, other than some amount of jewelry probably. Being banned won’t make it disappear from your safe, but it will greatly depress the trading value. If you want to buy something not on the CBDC white list, especially online, Bitcoin will be the sole means for practical purposes, other than barter.
All your fiat is debt-based and amounts to rented money with an evaporation rate. Bitcoin is all asset and no debt, and if you keep it correctly (as a list of words in your head), it cannot be confiscated from you unless the Spanish Inquisition shows up to torture you. Which no one ever expects.
Que the “its a ponzi scheme”, “Its going to zero”, “I don’t understand how something that is code could be worth money” blah blah blah from those who don’t know anything about it.
We’ve heard it all before many times.
PUMP and DUMP. Bitcoin is the tulip mania of the 21st. century.
The only reason to stay bullish is so you figure you won’t lose everything and maybe even break even:-)
Meanwhile, the fiat dollar has lost 85% of its value since 1971. The future of the dollar will be measured in wheelbarrows.