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I have read about, that there is about 4million Bitcoin lost already. And this number will continue to grow, no doubt. But I think the speed of losing Bitcoin will be much slowlier now, that it worth a lot, and also, if if the circulating supply decrease, it will only mean the price of Bitcoin increase IMO.
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Very innovative artist, wondering how much Bicoin he collected  Anyways, I think people being part of the crypto community are mostly creative, open minded people. |
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I do not think, any of us would have forgot about places, where there is no internet connection, people not owning electric devices. It truly could be a problem right now, if Fiat not existing. But by the time it could happen, that all Fiat would be gone (many decades, or more), surely this problem would also be gone.
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Blockchain is a great technology, but I agree with your thoughts. All ICOs launching a utility token, triy to explain, why their token is needed in their System, but in most cases, their argument is very strained. Probably the real reason of the ICO is, that it is the easiest way to raise money for a startup. There are exceptions of course.
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I could imagine, that price will grow soon, just because people know, that every time in the end of the year there is a nice bull market. If enough people believe in that, and act accordingly, than it can become reality. If not, than we may have to wait until ETF gets approved.
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In my country, it is officialy not a currency, and yes, people should pay taxes after the profit, made by the value growth of the cryptocurrency. But the regulation is quite unclear, and I don't know, if there is anyone, who actually paid any tax after crypto investments.  |
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If there is a natural disaster, I would rather be worried about people, getting hurt. And an earthquake would not have any significant impact to crypto anyways IMO.
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It is similar, than what happened with Uber in my country a couple years ago. Government said, they do not have a problem with the company, but more rules need for them to fullfill, and of course, these rules were impossible the fullfill, so Uber left. I believe, and hope Bitcoin will be stronger to hold on.
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All together, we crypto holders, and enthusiast have the power to control the market, but in the same time, big whales, speculators can have a big influence too, but I believe, this influence can be decreased, as more players join, especially individuals with proper knowledge.
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I think, both Bitcoin, and paper money has real value, just like any other asset, we own, like a cell phone for example. But Bitcoin has not been created IMO, to be controlled by governments, even if it would mean smaller volatility.
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There is not a high chance IMO, that Bitcoin will go from 100-0. Bitcoin has nice fundamentals, and showed several times, that around 6k, there is a strong suport. A 100X however, I could imagine, in a couple of years, or decade. Anyways, the volatility seems to decrease, as I see.
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True, unfortunately there are many corrupt governments, like my country's, and so full transparency would be very bad for them, I guess it would open many people's eyes. Or at least some people's, sometimes I also feel, some people simply do not want to realise the truth.
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I never complain about the past. There is no sense to do so, we should think about the future, and the opportunities, which life can bring us. And there will be opportunities, we just have to find some, and get on that "train"
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It is a hard question, in one hand, I love crypto, and am against the traditional Fiat money System, as probably many of us in the community. But Fiat money has a great tradition, history, and so I do not think it would vanish any time soon.
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I think that the number of people, guessing what Bitcoin is, has grown last year significantly. But still, 90% of people I talk, have no idea what a cryptocurrency is, and many of them also haven't heard of Bitcoin neither. Especially the elder generation.
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We are still paying our bills, groceries, and almost everything with Fiat money, and so I used to check the dollar value more often, in the Delta app actually. But if I look at the loss since january, well it is more pleasent to see the Bitcoin value of my portfolio. |
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We are all different, and so it is also different, how someone can be motivated. I think of myself, as someone, who like to create things, and also running a business (outside crypto) which barely bring me any money, but make the life of other people easier. And I am proud of that. But I know many people, who has no intention to create at all, and only work for the money. Probably there are more of that kind of people.
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In most cases, if something is "too good to be true", than we have to think, that maybe it is a scam. In the same time, crypto can be better sometimes, than what others would think possible. |
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Cryptocurrency adoption will take a long time IMO. Just like credit cards, first it was quite rare, now almost everybody has it, at least where I live.
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