BTC future
Do you guys think bitcoin will grow to it's peak ever again? Or do the crackdowns mean the end or at least a significant regression in it's growth
BTCBTC future
I am pretty sure it will, just a matter of time.
If BTC can fix it's problems in order to be an actually useful currency:
Then maybe. But that's an impossible ask. Right now bitcoin is really just an institutional investors FOMO pump. The people buying bitcoin right now are not using it to transact, like they were in the old days. People are using it as a "Store of value" which really doesn't make any sense.
Bitcoin, like most cryptocurrencies, isn't backed by anything. There is no inherent value, thus its only value is in its utility to transact as a currency. When bitcoin was in the early days, when it was mainly used only on the dark web and it was the first mover in the space, it had lots of utility compared to the competition (credit cards and wire transfers). But now that privacy coins exist, and the flaws of the bitcoin blockchain are being exponentially worsened (transaction fees / times getting worse, and chain-analysis becoming standard for both governments and exchanges making bitcoin even less private than USD) it has very little if any utility.
Thus, bitcoin really has very little value, the only reason it is still priced so high is because the institutional investors and people buying crypto are not using it to trasnact, and don't really understand anything about it other than "number go up".
- Transaction Fees
- Transaction Times
- Open / Surveillance Blockchain
- ASIC's Centralizing the Mining
Then maybe. But that's an impossible ask. Right now bitcoin is really just an institutional investors FOMO pump. The people buying bitcoin right now are not using it to transact, like they were in the old days. People are using it as a "Store of value" which really doesn't make any sense.
Bitcoin, like most cryptocurrencies, isn't backed by anything. There is no inherent value, thus its only value is in its utility to transact as a currency. When bitcoin was in the early days, when it was mainly used only on the dark web and it was the first mover in the space, it had lots of utility compared to the competition (credit cards and wire transfers). But now that privacy coins exist, and the flaws of the bitcoin blockchain are being exponentially worsened (transaction fees / times getting worse, and chain-analysis becoming standard for both governments and exchanges making bitcoin even less private than USD) it has very little if any utility.
Thus, bitcoin really has very little value, the only reason it is still priced so high is because the institutional investors and people buying crypto are not using it to trasnact, and don't really understand anything about it other than "number go up".
BTC is dead right now. Come back in 2.5-3 years and buy back. If you didn't sell your stack already, you fucked up. I didn't sell my stack in 2017 and i cried from then till 2020
Originally Posted by Allura
BTC is dead right now. Come back in 2.5-3 years and buy back. If you didn't sell your stack already, you fucked up. I didn't sell my stack in 2017, and i cried from then till 2020
Originally Posted by ukemlow
you are totally wrong. Bitcoin going to $200k Bullrun start in august or July
Originally Posted by Allura
To each their own. If you go back in history, you will see Bitcoin doesn't recover above its all time high once it has done ~50% drop.... Until the next market cycle which starts after the halving
Originally Posted by Allura
To each their own. If you go back in history, you will see Bitcoin doesn't recover above its all time high once it has done ~50% drop.... Until the next market cycle which starts after the halving
Originally Posted by Allura
To each their own. If you go back in history, you will see Bitcoin doesn't recover above its all time high once it has done ~50% drop.... Until the next market cycle which starts after the halving
Originally Posted by Investemeter
history is history bro I also have hopes about 100k in this 5 months
Originally Posted by ukemlow
however bitcoin in the bottom
Im just holding because i dont see it dropping too much more. I believe in the long term my 6K investment will grow significantly but I'm unsure so I'm curious about putting some more into xrp
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idk i may have fked up
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idk i may have fked up
Originally Posted by Drippie
Im just holding because i dont see it dropping too much more. I believe in the long term my 6K investment will grow significantly but I'm unsure so I'm curious about putting some more into xrp
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idk i may have fked up
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idk i may have fked up
Originally Posted by Allura
You definitely did. You can wait and hope bitcoin hits $40,000 again (but it shouldn't go any higher than that). Bitcoin is most likely going to bottom out at around $10k-15k. However, this downward process will take about 2.5-3 years from now
Originally Posted by ukemlow
you freak me out bro
Originally Posted by Allura
Why? History more or less always repeats itself with Bitcoin. We are in a bear market and will be for a little over 3 years/until the next halving happens.
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