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RE: Could bitcoin be a good long term store of value just because we say it is?

in #bitcoin7 years ago

I believe Bitcoin will just lose its value. I suspect this will happen sometime in the future, hopefully not in 2018. But when this happens, I believe many people will lose their money and it will end very badly. Bitcoin can not last forever. That should be clear to everyone. It will simply lose value because another coin fixes the issues associated with Bitcoin.

Bitcoin is like the first pancake. It’s not the best and you mess up on it, but the next pancake is better. And the one after that is better. Basically you end up throwing the first pancake away and use the others instead because they are better.

How is that for technical vocabulary! LOL