Will bitcoin rebound from $20K now?
- Thread starter lostguy
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btc at $4.5k would be a dream nai¤% I will sell my underwear to buy at that level
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Why not $42?
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Even though i am quite bearish on btc in the short term i dont think its going that low it will probably bounce about 6k -12k in a range.Its major utility i feel is to provide portable money bypassing frictional costs of banks,shielding against bloodsucking governments and such.
Btc is money as it should be, nothing else. Given its scarcity, its fate is inevitable.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
In the long term yes i agree with you.In the short term it will be influenced by other factors.
I wouldn't be doing most of my business without btc, so for me and my partners it's already the reality. Eventually everyone will realize the same, including the over 1 billion people still (and forever) unbanked.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
current world is full of stuff like ETH - i.e. "currencies" where you have zero control of your money, somebody can do whatever he likes - contrast between BTC and ETH was never more blatant...
Using an algorithm which is prone to attack (albeit claimed its only in theory).
Highly doubtful.
You could also ask:
- Is gold killing silver?
- Is copper killing platinum?
- .....
However, your question confirms that people are in "crypto" to speculate, trying to -desperately- make extraordinary capital gains.
Doubts are coming up because the wealth preservation tool BTC has turned into a wealth distruction tool. Perhaps the question should be: "Are inflation and high interest rates killing BTC?"
Yes the monopoly of banks and their million requirements will be finished forever.Their 10000 questions regards to movement of money etc will be gone.And no question of inflating the currency through money printing.
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