I think the inflated bubble will last 6 months to a year but I...

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13/12/17

10:26

Post #: 29590394
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Originally posted by riknmort ↑

Honestly, and you can thank me later, Bitcoin is only going to last about 6 months to a year IMO. Given their high transaction costs and times and the addition of all the infighting the only thing keeping it afloat is a name and the promise of good ROI.

What it is doing is bringing people to the crypto space, educating them on digital currency and slowly converting the world to this form of transaction. Once that purpose is achieved the real digital currencies will take over from BTC and become the high value asset.

Then once its mainstream, we'll see a collapse ... and guess who will come to the rescue? Yes, your friendly government will introduce their own digital fiat with all the assurances that a government can offer to back it up.

In the meantime IOTA, LTC, DASH, ETH, EOS, NEO, OMG, TENX, BCH, NEM, XRP

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I think the inflated bubble will last 6 months to a year but I don't see Bitcoin going away after that.

Remember the first time Bitcoin hit $1k and collapsed, before it's long and triumphant return? I think that will possibly happen again. Albeit on a much grander scale this time.

In terms of competitor coins, this points out a huge flaw in the Bitcoin mania ethos. Alt coins provide improved blockchain technology and added features. Bitcoin has first mover advantage but we can't tell at this stage whether Bitcoin is sufficient enough for longevity.

Price at posting: 0.0001 Sentiment: Buy Disclosure: Held
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0 Great analysis

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