And in 10 years, when BTC is well understood and widely used, we'll look back and chuckle.If
, not when
. I think it is very likely that another cryptocurrency may eclipse Bitcoin. The wild speculation may prevent Bitcoin from being widely adopted. Demurrage and dynamic inflation could fix it, but they're unlikely to be adopted in the current block chain. And if they are
adopted, it would prevent the staggering returns you hope for.
If you truly think this correction is necessary for the success of Bitcoin, then surely you see that the long-term benefit made by dumping your coins will outweigh the loss you will incur in doing so. Am i right?
Yes, and I have. I only have a small slush fund for micropayments. Until the market returns to what I consider to be the fundamental value based on utility (cents, not dollars, see my analysis in other threads), I'm keeping my money elsewhere.