ADA Lovelace
Regular Member
- Jan 24, 2021
- 466
- 381
Seeing the current situation, I would like to share something:
Well, I'm not new in crypto and i would like to give a little impression, in case anyone is interested.
Bitcoin failed, that is a reality, at least as a transnational safe value. We saw it with covid in 2020, where it hit highs, and really we should be even higher now. The economy is sinking, a big country printed more money than it should, there is a panic about the future of our world, with cold war between China & Russia vs US & friends, and at the end of the day, Bitcoin can be a store of value, like gold, but transnational and easy to transport, so when things go wrong, you can have a safe haven in Bitcoin.
But no, everything has fallen, so Bitcoin cannot be considered a store of value, it follows the direction of the markets, the markets that have eventually led us to this situation of uncertainty. The markets controlled by people who are now richer because, after all, all that money that the country prints goes to the rich. And if I were rich, and I see that there is an exorbitant inflation, why would I invest my money in something volatile like Bitcoin, which is not a store of value. I can earn 7% or 8%, well, I would be losing money. So instead I would sell my Bitcoins and buy real estate.
So, in short, what do I expect? The value of Bitcoin comes from the community, so as long as people continue to believe we will not go anywhere. The new generations grow up with crypto and they will surely buy crypto before a stock, right now, the world talk about crypto, more poeple come, so it will not disappear or will go to 0. And talking about community, we are at a point where the entire community expects a rise, more people will come wanting to earn money, institutional money may come because they also want to be part of the cake, and we will see good days again.
That is my summary impression, I hope it has not been boring for you.
Well, I'm not new in crypto and i would like to give a little impression, in case anyone is interested.
Bitcoin failed, that is a reality, at least as a transnational safe value. We saw it with covid in 2020, where it hit highs, and really we should be even higher now. The economy is sinking, a big country printed more money than it should, there is a panic about the future of our world, with cold war between China & Russia vs US & friends, and at the end of the day, Bitcoin can be a store of value, like gold, but transnational and easy to transport, so when things go wrong, you can have a safe haven in Bitcoin.
But no, everything has fallen, so Bitcoin cannot be considered a store of value, it follows the direction of the markets, the markets that have eventually led us to this situation of uncertainty. The markets controlled by people who are now richer because, after all, all that money that the country prints goes to the rich. And if I were rich, and I see that there is an exorbitant inflation, why would I invest my money in something volatile like Bitcoin, which is not a store of value. I can earn 7% or 8%, well, I would be losing money. So instead I would sell my Bitcoins and buy real estate.
So, in short, what do I expect? The value of Bitcoin comes from the community, so as long as people continue to believe we will not go anywhere. The new generations grow up with crypto and they will surely buy crypto before a stock, right now, the world talk about crypto, more poeple come, so it will not disappear or will go to 0. And talking about community, we are at a point where the entire community expects a rise, more people will come wanting to earn money, institutional money may come because they also want to be part of the cake, and we will see good days again.
That is my summary impression, I hope it has not been boring for you.
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