Currently the present day Bitcoin and Altcoins have had a similar run with a theory played in the past.
The pattern was during the Gold rush in the 1800s, while some people took the risk and spent their time panning for gold, and others just seemingly watch the progression.
While the gold rush constructed towns, including shopping centres, and food services.
All we have to remember at there are only going to be 22Mln BTC that will be circulated. Currently standing at 15.2 Mln with an added 25 per 10 minutes. That means we are over 72% of the maximum capacity.
There is alot more Gold than Bitcoin in this world. If the supply on demand remains at the same rate or higher. The increase with Bitcoin will be unimaginable.
How far do you think itll go?
$5000.00, 10,000, 100,000 or higher?
Happy Farming.
- Bitbrothers
#steemfam
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Who knows where it will go. But i am enjoying the ride at the moment. Through the highs and the lows
I completely agree. Beyond excited we get to experience the beginning of a new world.
"I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
-Professor Milton Friedman, 1999
Great quote! I will remember that one.
Great Quote!
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Great analogy on an interesting topic, enjoyed reading!
Thank you! Will keep updated with your page as well.
so true
Thankfully we get to make the desicion on getting our hands dirty or watching from the sidelines. We can make history. Today.
thats right, i think btc will definitely rise 100,000 usd over the next few years O.o
Dont mine ,sell the miner's tools and get rich
Very true. Thats one way to not get your hands dirty. Good thing is the opportunity of a gold rush is all parties can make away pretty great.
It is impossible to say how BitCoin develops. Many pros and cons. But it certainly has made a change possible that we all are riding as early adopters. In ten years cryptocurrency will be main stream. Whether with BitCoin or something else. Maybe we even see thousands of micro economies for certain markets, all using different coins.
nice