Years ago I remember telling people about a somewhat possibly disruptive digital asset known Bitcoin, and that in a few years it could very well be worth thousands or tens of thousands a piece. Most thought I was a raving lunatic (which I am) but lo and behold my faith and somewhat under-educated prognosis of the future situation of the Bitcoin price has come to reality. It's weird to think that a few years back I was more than eager to spend 0.04 BTC for a pizza meal of kings.. Which looking back on it was WILDLY costly..
Oh well, can't play "what ifs" in crypto!
The Future of Bitcoin & Other Great Digital Assets
While Bitcoin was the first of it's kind and a wonderful proof of concept to say the least the truth of the matter is far more advanced crypto-currency now exists.. Take STEEM for instance! We're at a very interesting point in the progression of decentralized digital assets with the average consumer now starting to sniff around or attempt to understand the concept. Even my damn near 70 year old grandmother actually asked me about "this Bitcoin thing" which allowed me to explain to her the concept and later in the conversation what STEEM was about.. It's almost as if a shift of consciousness is happening before us.
The exciting and terrifying part about all of this is with this explosive growth there is always the chance of an equally destructive deflation of markets. The "big dogs" have put some of their weight into the pool and that's why you see the rise is what I reckon. Only takes a few true whales to step out the pool to see an exponential fall of price.
Can't say for certain the what the future of Bitcoin or any crypto-currency holds.. But if it continues as it has in the past I'm certain we'll all be driving around flying Lamborghini in the near future. Or of course anyone all in on crypto like myself could be living in cardboard.
Safe Havens & Stickin' it to "the Man"
The cryto-currency assets are a GREAT tax haven, way to exchange wealth and way to hide wealth from governments or deranged ex-wives. My hope is that the government tax farmers realize they are up against a beast that cannot be stopped and don't try to regulate the shit out of all of it. Personally I found a way to not have to play into the central bankers bullshit game, crypto is certainly a way to get against that sect of tax/debt farming pricks.
Take err easy and keep your stick swinging till next time!
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https://steemit.com/bitcoin/@klye/bitcoin-holds-steady-over-usd10000-cad-a-coin-wow
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Ha, good post, Shahriarjoy,
I too noted bitcoin at $10,253 CAD on the weekend. While the (respected and valuable) YouTube commentators were droning on and on about what it would take to get Btc over $10,000 and how much new money had to come into the market to get over the hump, how long it might take, whether or not there would be pullback, etc., etc., I quietly pointed out we were already there in Canada. $10,000 is no barrier, just a (significant) number in people's heads. If $8000, why not $10,000? If Btc is going to be anywhere near the $27,395 USD, a number predicted by some for February, well, it had better get past $10,000 pretty darn quick.
When Btc crosses $10,000 USD, the value will be $12,730 CAD. Not sure what that is in Zimbabwean $16,000? It's 492999.12 Russian Rubles. Despite the fixation on $10,000 USD, it's a world market, think local.
It was very instructive to watch Bitcoin Cash last week. When the fork for SegWit2 (or whatever it was called) was cancelled, it seemed some people were going to make money no matter what. Pure manipulation drove the price up to $3400 CAD. Just as I was about to put some more in, the price took a nose dive around midnight MST! What? Instead I sold at $2800 (couldn't move fast enough, everything got r e a l s l o w e d d o w n and the exchange wouldn't update. But I finally got out, sold everything into cash and just sat back. When the entire crypto universe didn't implode into a black hole, I bought back in, but only Btc. Still waiting.
Heh, bought some for my mom too.
Flying Lamborghinis or cardboard indeed. Keep your stick on the ice buddy.
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