Not sure what your point is. If you are using bitcoin like gold you really don't concern yourself with day to day fluctuations. So Unless you happened to buy in at 20k then why does that matter and even if you did buy in at 20k just sit back and relax. Gold has been pretty stable lately but it's very prone to big swings also, maybe not that much but gold is not new and it can go up and down rapidly. I see the future of bitcoin as a store of value that can't easily be manipulated by governments. 90% of people talking about Bitcoin today just really found out about it in the last few months so price swings are going to be significant when so many new people are using and purchasing bitcoin. Just four months or so ago Bitcoin was around $3800. Because people are just starting to awake to bitcoin we really don't know where the price will start to settle. My guess, based on supply and demand, is it's going to be a whole lot higher than 20k if bitcoin remains the crypto coin of choice.
As far as your fear of Crypto Currency hurting the US dollar I really think you are missing the 800 lb gorilla on that. The biggest threat to the US Dollar by many many magnitudes of order is the US Government itself. Crypto currency by comparison should be the very farthest galaxy far far away concern.
Anywy like you said we just disagree on this one and who really knows what is going to happen. The whole thing could just fizzle and disappear which is still a very good possibility. I don't think so myself but only time will tell.
Lastly I agree with you 100% on our President. He is truly doing everything possible to make this country great again.
I appreciate your reasoned comments.
It’s when I hear the idea that our dollar loses value over time, that I mention other things do as well.
I don’t know what BitCoin will turn into either. I had thought it would go away after it tanked big the previous time.
It’s an item I’ll probably have to put some money into just to protect myself.
If the dollar does suffer greatly from a withdrawal of support over time, I’ll have to have a fall-back position.
I do get the idea that at some point, if you have protected yourself from ruination, you’ll probably have to protect yourself from those who haven’t.
Interesting times...