Bitcoin Forum

I am so glad I made the decision to buy bitcoin 1 year ago. After reinvesting in altcoins I've seen 10x profits this year. I now have about 75% of my wealth wrapped up in my cryptocurrency portfolio which is honestly giving me a bit of anxiety. My general outlook on this space is that cryptocurrencies will be a new asset class. In 20-30 years it will be common for ppl to invest in these currencies like you'd invest in precious metals or stocks. Thats what I keep telling myself anyways.

My question is what would it take to wreck the cryptocurrency ecosystem? Massive solar flare? Massive kickback by central bankers? Could highly skilled hackers attack many coins at once? We've seen the security vulnerabilities of monero recently... What are your thoughts on the future of all this and what strategies do you guys use to make it all less stressful?

bitcoins only exploded in value because the bankers printed money and bought it because they are insecure about what is going to happen in the future, but i dont think that changing one currency for another will happen, renaming and upvaluing currencies will not change the gap between rich and poor which the bankers have created so a post currency future might happen too, or u simply wont find anyone willing to work for your cryptocurrency becausy by that time there will be vast ammounts of different currencies maybe even each town will have each own currency because no one will trust another.

everything  can happen

regards

there is no way cryptos will end fam , as you can see there is unlimited amount of crypto on 2017 right now because people keep investing it and even big company also invest on crypto , maybe end of the world is the end of crypto reign , and you can read on every fucking news that digital currency is one lap ahead of conventional money ..so it will stay on its own way ,,,why would we have blockchain technology ? because crypto ... why would we have high volume trading everyday on big markets ? because crypto ... i love cryptos , crypto is love , crypto is life  ;D

its not the people who invest in it its the banking elite who are hedging to protect themselfes for the time when national currencies might collapse and they wouldnt be able to print money to keep their slaves working anymore, currency has been used as a form of slavery in the past and the economic prosperity wasnt shared equally often it resulted in a unequal distribution of wealth maybe in the future people will refuse to work for currencies at all. currencies are resembling social goals too that is what made many currencies valuable not just the numerical information they carried

keeping 75% of your assets in crypto currencies is very risky to me 10% should be advisable. For now investing in crypto currencies is less risking because greedy politicians and business mugu has not hijacked it and is still open for traders to determine it values but time will come like what happened during oil bump in eighty and what is happening to oil now because of greed.

they have hijacked it the banksters have printed money and pushed it up because they try to save themselves. the private bankers who run themselves officially as public state banks now think they are hedging themselvs if the national mood continues to decline against them. but luckily cryptocurrencies are a way to be free from national bankers and their deeds, and that is especially a huge problem when these national bankers have taken a certain cryptocurrency as their main target of attention.

Bro I dont understand why you are worried like many users.Bitcoin died already many times and he borned again.This fsat price decrease is normal ,it dont means that bitcoin will die ,it is just like sleeping and wake up.

Cryptocurrencies can't end. Period. They are a commodity that the world already can't do without at this point. The recent burst of the bubble won't hold the prices back for too long, and if it was really the banks that were buying into crypto so much the past months that's only another proof that this is the future and they see it.


Yea, more like it got tired and is now taking a rest.

The mechanism is running and it will not be possible to stop it.
Another question is, will this justify your expectations?

No, they won't end. As lon as the technology and the interest of people keep going in altcoins. This markey cannot die. It will maintain the same story with more volüme of transactions.

the idea will live forever and continue to develop. that doesn't mean any of the coins that are around today will survive.

there might be something that solves every problem just around the corner.

you should set yourself a target. when you get there then liquidate and don't think about it, but always keep a hand in just in case.

Basically if there is a lack of interest then cryptocurrencies will die off. There are hundreds of altcoins that used to be really popular(one that comes to mind is LitecoinDark) and now have no exchanges that actively exchanges it. What coinmarketcap classifies as an inactive coin is a coin which have no exchanges - so i guess that's waht you have to fear about.

Cryptocurrencies themselves won't die, the infrustructure is decentralised so as long as there are people using the code there will still be economic activity. But whether that economic activity carries any value to it is a completely different subject.

If they printing the money to buy bitcoin, does it mean if they are putting themselves on the biginflation? They can't printed it fpr what are they want. But it will need a lot od the analyzation. They can make a countey bankrupt.

they can and they will because these bankers operate with a riskmanagment of a private bank and private institution they are not state banks they are private people printing money and try to enrich themselves they just claim to be working for the public but in truth they just guide the economy enough so it fullfills the interests of the salaryworkers enough that they dont rise up against their rule, since bitcoin was a direkt attack on their power they suddenly started to try to protect themselves, trust me i know them i studied financial economy in my university and was in contact with these people i need long time to understand them.

they will not let a country get bankrupt because that would mean the government will simply start its own currency instead of using private bankers like the federal reserve or european central bank. but they will always keep the economy centered on themselves the most and keep businesses always in fear of running out of business and unable to pay their workers which will have irregular work and payments.

I don't think so, it will just become less mainstream "PayPal"

I don't think Cryptocurrency will ever end, not for hundreds of years at least. We have opened a can of worms that can't so easily be shut again.

Cryptocurrency may change and adapt as time passes and new developments unfold, but I truly believe that it has a vital role to play in the changing of the course of human history going forward.

Good for you, brother.  Hopefully you bought enough to make you rich, because one year ago was a perfect time to buy.

As far as what could kill crypto, that's been a subject of many threads here.  Yeah, a solar flare could do it.  Zombie apocalypse, power grid going kablooey.  Don't know about the other explanations.  I think big corporations and banks and gov't will get into it eventually but won't kill it.  I think bitcoin's life has just begun.  It's not even a teenager yet!

With market caps of billions I do not think it will happen. To many people depend on it now to let it die out.
Besides the innovations cryptocurrencies have brought us humans will give cryptocurrency a place in history.

It's all speculative. The market is too big to ever completely crash at this point IMO but one could stand to lose a significant amount of $$$ if a better alternative ever appears.

Dude bitcon is going 9yrs old now. Many countries and investor are embrassing Bitcoin. We are in the beggining phase. Many altcoin will arise in the next decades. Bitcoin will continue to surge. Why worry crypto will end?

If you are really in doubt while you already gain 10X, you may cash all your crypto bitcoin and alts. And start investing the money other than crypto currencies :)

Cheers ;)