BTC is going to be the biggest wealth destruction in history.
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BTC is going to be the biggest wealth destruction in history.
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12 comments
You think it will crash big time (soon)?
Not soon. But as other projects flip BTC, the market will dump BTC.
I am lately also thinking about this. And I am not sure. It BTC would drop a lot. Then there would be lot of people who would want cheap BTC. Maybe even buy one whole coin(s). There is still historical value of BTC and it's limited amount (21 millions)... But of course there can happen something revolutionary with another crypto coin and it would cause shift from BTC to other
>Then there would be lot of people who would want cheap BTC. Maybe even buy one whole coin(s) When they will see that the coin is getting cheaper and cheaper, they will hold back on buying.
There is no need for anything revolutionary. If 20% of the eCommerce world adopts BCH for payments then it is game over for Bitcoin.
But I agree with you, that adoption of other coin/s will shift lot of people from BTC
I don't know. Not many people use BTC for payments. There are better coins designed for that, with cheaper fees etc. I see BTC more like valuable colectable thing.
21 million collectibles are far too many collectibles. Don't you think?
Yes and no 🙂 I don't know anybody who have 1 whole coin... It is already spread out. And new mined sources are by design more and more expensive... I also see lot of bad stuf about BTC and others. Mining is very non ecological. Everyone focuses only on value by fiat currency, and not for usefulness. Etc. Nice talk with you. And we will see in future. I am relly not sure what will happen 😃
It was nice talking to you as well. We'll see.
I dont think BTC will drop a lot in fiat value (unless the whole market dumps), but I think that BTCs growth will stagnate and coins like BCH and other more capable altcoins will start to grow faster and more!
Yes. When hyperinflation kicks in. It is going to be a wealth destroyer in purchasing power terms.