Lightning network addresses transaction/scalability issues to an extent, but still has many open questions.
Of course, but it's looking good, the mainnet is working fine, we are on the early days, if you want to get rich you can't get in when everything is clear, no risk no reward.
Why on earth would any portion of gold investment go into bitcoin to have it as a store of value when its value can drop by 20% or more in just a day? How is that storing value? Ask the people who bought at $15k+ how that is working out for them as a store of value. For something to be a store of value it should have a very long history of doing so, being physical is a big plus, it should have intrinsic value, and it should be very non-volatile. Bitcoin has none of these properties.
Ehh, because gold is a failure as a store of wealth, as it can be confiscated with a simple law, namely:
All the government needs to do is to pass this law once again, then you are stuck with an useless piece of metal, which you will never be able to move across borders, and believe me, the government will find your gold if you attempt to hide in your backyard.
With bitcoin, you can store it and move it around seamlessly, this makes it worth $trillions alone, the world just has to catch up to this fact.
Altcoins give bitcoin competition and inflate the entire crypto space, thus pushing down the price of all cryptocurrencies, bitcoin most of all (since it is the current market leader). The more alt coins that get created, the more competition there is and the more spread out crypto investments become.
Altcoins are scams, the market has yet to realize this, once it realizes this, all the money in scams will go to bitcoin. Until then and while it's profitable, speculating with altcoins (to sell them for more bitcoins) will continue.
Bitcoin does not keep people's wealth safe. It puts it in extreme danger by exposing it to insane volatility, and potential inability to liquidate. If exchanges were banned, even if you had offline coins you could never liquidate them.
Yes it does. Nobody can steal your bitcoins, nobody can counterfeit it, gold can. Volatility against fiat is irrelevant, in the long term you are only going up.
All big trades happen OTC, no need for exchanges which are all scams. Also it's impossible to ban all exchanges since there are tons and sitting on different jurisdictions.
Yes please let's revisit this post.
Indeed we will.