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Author Topic: Bitcoin and Dinosaurs: are rules changing?  (Read 132 times)
Zadicar
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March 12, 2018, 08:32:44 PM
 #21

I think, one of the reasons for the market to misbehave is the rules changing.
Bitcoin used to be the very best tool for a) payment and b) value accumulation.
Now, if I want to send someone money, I'll choose a coin with smaller commission.
As for accumulation... It consumes too much energy, and there are countries that ban Bitcoin because of that. Already. So... would you invest in it for 100 years?
It is like dinosaurs: they were big and nasty, till small and fast creatures pushed them off the way.
This always been part of the reality which theres nothing on this world cant really be replaced or cant be removed to its place and bitcoin isn't on the exception on such events.This is why when you are targeting for a 100 year old security or investment then there are lots of choice either government-backed or total decentralized thing.It does depend on the level of risk you can handle on.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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March 13, 2018, 12:02:33 PM
 #22

I'm sure that the days of bitcoin are numbered. The only question is when exactly this moment will come and how not to lose your money on it
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