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Here is a prediction about Bitcoin: there will be a financial crash at some point in the future, maybe it will be the AI bubble, maybe because of oil, shortages
by stephc_int13 4mo ago
Here is a prediction about Bitcoin: there will be a financial crash at some point in the future, maybe it will be the AI bubble, maybe because of oil, shortages, something entirely unforeseen or some combination of those things, but if there is something to know about cycles is that crashes happens.
And because Bitcoin is now old enough that most people understand what it is, the hype has vanished, it won't survive the global fear or losing it all.
- analognoise 4mo agoOf course it won’t survive, it’s the jpeg of a chimp in a baseball cap smoking a cigar of money.
- KetoManx64 4mo agoA financial bubble.. Like the one caused by the inflation of the dollar to unimaginable levels? 1/2 of all dollars in existance have been printed in the last 6 years. I would much rather have hard asset like Bitcoin, that is backed by the biggest computer network that has ever existed, that has a hard cap of 200m, than Federal Reserve IOU notes that can be printed ad-infenitem with zero recourse from you and me other than being made more poor.
- stephc_int13 4mo agoI am guessing that Bitcoin crashing would be bad new for ya.
- KetoManx64 4mo agoNot at all. I started buying when it was $5000 a coin and am staking my retirement on it going to $500k-1M in my lifetime.