JRPGfan said:
If you could make sure, people couldnt make their own copies of your money, and convince people it was worth something, it would be. But yeah I see Bitcoin as a speculation bubble thingy... it could easily burst, and all those with huge amounts invested would be left with nothing.
Or it collapses into nothing..... more likely than it being up 40 times its current value. I mean how many valutas have jumps like that? sh*t isnt natural and its bound to burst when people realise it |
How many times has it already jumped up 40x....answer: many
Things don't jump up like that??...bitcoin does.
Hell its already over 3x'd in 7 months this year.
And guess what, the "bubble" has burst many times, and keeps going up. And it will burst many times more as it hits mainstream over the next decade. Which is kinda the key point to understand, it is still very niche, not near mainstream, but is growing quickly. Which is why I say 20x-40x, as bitcoin being mainstream would probably put it in that range or even higher.
Collapsing to nothing would literally take zero people on earth wanting it, so it 40x'ing from this point is infinitely more likely than it going to zero or anywhere near zero.
I get that if you don't know much about it you just read news stories about it increasing a lot and then dumping a lot and it being highly volatile and the news stories always say its in a bubble whenever it goes up and say its dead whenever it goes down, but the fact is it keeps going up, not matter how many times new stories say its a bubble or its dead. The pattern is exponential growth, and this will continue until it hits mainstream.
