RE: Is Bitcoin Overpriced? | Bitcoin TA

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Is Bitcoin Overpriced? | Bitcoin TA

in analysis •  6 years ago 

I don't think it was a bad idea if you are interested in an longterm investment

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Exactly. The market is probably bearish for now, but in the long run, you will (probably) not lose. Bitcoin has properties that Fiat currencies cannot have, Bitcoin is here to stay.

Bitcoin will exist until 2032.
After that there will be no need for it.

You are planning to destroy the life on our planet, aren't you? :O

lol !
There will be no more use for Bitcoin in 2032.

Don't you advocate communism and hope that we will live happily ever after without the need for money? :O

Sha-256 algorithm will be compromised? :O

Governments will successfully ban all cryptos? :O

Governments will deregulate finance industry so that we can choose currency that is actually backed up by gold and that will be eventually better for us than Bitcoin? :O

There will be no more use for Bitcoin, because all the transaction would take place on its second, third and fourth layer? :O

The west will loose its economic power to Asia (China) by 2032.
One of the major reasons if the not the reason Bitcoin had a this big rally is because Chinese use it to smuggle there money outside China driving huge demande for BTC.
80 % of terminals where in China.
Communism' socialism !? No not me to many people suffered because of it.
There is no way government will allow Bitcoin or any other token to replace the $ like many claim.
Let's enjoy this market for now. I think its still to small for them to intervene but wen it gets closer to a trillion + make sure to be prepared to exit :O

Interesting prediction. I hope you are not right. :D

Lol..