Okay guys, usually I don't the one that ask such questions but I got curious today, why is BTC rising that high?
Oh god, please no . I need a residency in a crypto-friendy location before that.Some people predicts bitcoin to be $100K this year
if your "problem" will be really big I think you can solve it pretty quicklyOh god, please no . I need a residency in a crypto-friendy location before that.
if your "problem" will be really big I think you can solve it pretty quickly
I think we are already past "mass adoption", "competitor to Visa/MC", "micropayments" and other early pipe dreams. Bitcoin will probably remain/become a digital collectible token and disappear in the wallets of institutional investors, family offices, HNWIs etc. In some ways it is superior to gold. In other ways, inferior.In theory BTC is an amazing idea, but the volatility along with some other negative factors make it hard to adopt for most people.
People fear the unknown, so only people who never had bitcoins or are new to bitcoins are afraid of crashes. Long-term hodlers have gone through several booms & busts. Many have become insensitive to volatility.Plus, wouldn't you guys be afraid that as the price steadily goes up, some fat whales will dump all their BTC for cash?
You can't have good without the bad. An asset can't just go up, up, up, never going down. The 20K rally you mentioned started from about USD 600/coin. The crash was very bad for those who bought at 15-20K, but things were still amazing for those who bought below 1K.I don't think stock/real estate are losing 50% of their value barring a major catastrophe or crisis.
Having this information would not really benefit you.BTC can lose half its value and nobody knows how or why it happened, and who sold off so much btc at once.
Tether.Okay guys, usually I don't the one that ask such questions but I got curious today, why is BTC rising that high?
I think we are already past "mass adoption", "competitor to Visa/MC", "micropayments" and other early pipe dreams. Bitcoin will probably remain/become a digital collectible token and disappear in the wallets of institutional investors, family offices, HNWIs etc. In some ways it is superior to gold. In other ways, inferior.
Bitcoin volatility has already decreased a lot and will continue to decrease if the market cap grows.The volatility of bitcoin is very very closely linked to the fundamental problem of coin distribution. When coin and wealth distribution starts to decline, it's possible for volatility to decline as well. Before that, it's more or less impossible.
Where did I say that? I said bitcoin will not become a payment system. These are two separate things. We could have had a future where bitcoin was a competitive way to near-instantly settle purchases (priced in whatever currency). We are not going to have that future due to slow settlement speed, high tx costs, and a general lack of user-friendliness. The vast bulk of internet payments is going to remain as a domain of Visa/MC, and Libra-like new corporate entrants.Now if you believe that bitcoin's success is tied to having goods priced in bitcoin, the whole South American continent wants to have a word with you. .