BITCOIN as an alternative to regular currency

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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rik
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so whats the chance in 5 years bitcoin is worth >10 times its current price compared to it losing in value???
surely there must be value in the upside being way higher than the downside with these speculative stocks
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abgespaced
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rik wrote:
Tue Feb 23, 2021 7:06 pm
so whats the chance in 5 years bitcoin is worth >10 times its current price compared to it losing in value???
surely there must be value in the upside being way higher than the downside with these speculative stocks
Chance of Bitcoin going another 10x from here is high if the central banks don't stop printing money. Much of the market cap of Bitcoin is a result of rapidly devaluing the US dollar and US treasuries no longer being a viable hedge against inflation because of 0% interest rates. Gold and silver are suppose to fill this role but two problems with that - nobody knows where the gold is and silver has remained stagnant for years, so a lot of millennials don't trust metals anymore than they trust paper money. Plus crypto is opening up many doors to global trade in less sophisticated countries, so it's not just a speculative bubble; it has uses and intrinsic value contrary to what the shills say.

But value of Bitcoin aside, if crypto as a technology is still around in 5 years then it is more likely that a second generation coin will have taken it's place, therefore the potential for 10x gains on Bitcoin alternatives will be much higher than Bitcoin's chances. With at least 8000 alt coin projects and counting, I'd say it is almost a mathematical certainty that crypto will be around in 5 years and that the market cap of Bitcoin will move towards a more equidistributed home amongst the alts.

All that said, the Fed, central banks, the whales and tech giants, would-be dictators at Davos and the WEF, Wall St etc all have enough fingers in the pie to make a mess of Bitcoin, if they would rather see the power balance remain with them as the global financial system currently stands. And unless you are amongst the most fast-asleep of the population, you'd understand just how far these people are willing to go to eliminate any threat to their power.

So this isn't financial advice, but if anyone did happen to ask me how to approach speculating in crypto, I would say that a diversified approach is best.
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Euler
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It’s Gates Versus Musk as World’s Richest Spar Over Bitcoin

https://www.bloomberg.com/news/articles ... f=X2PkL1Vc

Unless you’re the world’s richest person, you shouldn’t be buying Bitcoin. That’s the message from Bill Gates — the third richest.

With a rally of more than 400% over the past year, Bitcoin has become increasingly mainstream, and everybody including prominent investors and policy makers have been talking about it. The world’s on-again, off-again richest person, Elon Musk, recently invested $1.5 billion in the cryptocurrency through his company, Tesla Inc., and said Bitcoin would soon be accepted for payments.
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