You are viewing a single comment's thread from:

RE: What can the Bitcoin's panic do to people, and why is the Bitcoin here to stay (opinion).

in #bitcoin7 years ago (edited)

Bitcoin is here to stay along with Ethereum and others. The blockchain and smart contract technology is here to stay. You cannot stop progress. It’s a runaway freight train that is best to get on board.

As far as getting burned that is a matter of perspective. What is most likely coming:

  • Big players will start buying and selling Bitcoin in large quantities and move the price up and down (manipulation)
  • Many buy and hold investors will buy small quantities and may lose some of it
  • Government regulators and tax agencies will start to track Bitcoin investors and attempt to collect tax on profits and transactions (there is talk that the IRS in the USA has already started to gear up for this)

Like any other industry cryptocurrencies will produce millionaires, start up companies like exchanges, consultants, etc. Where you fit in this free money party depends upon what you do and how you do it. There should be plenty of opportunities to profit from the Cryptocurrency Gold Rush for those who have a plan and can use sound logic to invest or trade.