Not a Real GameLiver
- Jan 28, 2010
Oh no, I legitimately have no idea.I’ll lob a number out if you agree to do so as well.
I do think the whole thing is a big scam as utilized... but not that it COULDN'T be utilized in more legitimate ways. I'm quite intrigued by the blockchain technology but think the entire cryptocurrency industry is being manipulated by invisible powers and that too many coins are being taken out of the market for store of value/speculative purposes to make BTC a legitimate option as an actual currency.
But BTC being intrinsically worthless doesn't mean anything; just about everything is intrinsically worthless. There's no reason gold or baseball cards or modern art can't be worth $0 or $1,000,000 per unit based on the value people collectively apply to them. So if BTC wins the PR battle of being something of worth, it will be of worth. I genuinely have no idea if it will or won't, even though I don't think it should.
You do think it should, so I was just wondering what you were expecting over the next 5, 10, 20 years. Does it go up and down forever? Settle in at a far less volatile "norm" and become a viable currency? As someone who just bought the dip you obviously believe it will trend up again; is that because it will be price manipulated up, or because you see an organic endgame somewhere?
I promise I wont roll in in two years like "lololol you were wrong". Just curious what you are expecting/hoping for.