Bitcoin looks more like gold than a currency

in #cryptocurrency6 years ago

In the seven months since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago:-bitcoin_PNG25-1.png

1/ So what does the future hold ?
2/ what is a long time holding CryptoCurrency ?

See three basic scenarios:

No. 1. BITCOIN Triumph: Bitcoin replaces the dollar (and probably other fiat currencies as well) as the economy’s main unit of exchange. Like that people buy pizzas.

No. 2. BITCOIN as Gold: Fiat currency remains the main unit of exchange everywhere except in a few extremely.
But Bitcoin’s market capitalization remains substantial, and it rises in value over time, occasionally experiencing large bubbles and crashes.

No. 3. Bitcoin Bust: Bitcoin is abandoned, crashing relative to the dollar and never being useful as a payment method for daily necessities.

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Thank You for Your informative post. I just followed and upvoted you.

Ok thank you

@akd47, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Thank you in advance!