"Bitcoin Will Never Be Used For Payments Because It's Too Volatile"
You know why fiat isn't volatile?
Because it's printed out of thin air! And the next fiat can be printed on demand, and if it's too diminished in value, the friendly bankers can always write how it suddenly became more valuable.
Do you know why Bitcoin is volatile?
First and foremost, it's still finding it's price.
It's been attacked, sabbotaged, nay-sayed, hacked, scammed, faked by much greater enemies of sovereignty - since BitMEX came until Bitmex ruling ended Bitcoin was in bear period. Top investors called Bitcoin scam, calling "$0" for bitcoin. Everybody was against us. Everybody, it was a popular joke in the business circles. Now, the joke is on them. Why I am so against suit-and-tie motherfuckers, because they consider themselves smart. They are no smarter than hard working guys like us who work in just shorts.
Bitcoin has not reached its full potential. Many people, many noobs, probably for fuck sake even many here, don't know that Bitcoin is DEFLATORY not INFLANTORY asset... meaning, the longer you hold it the more in value it should go up.
Why are high net worth individuals now buying it?
Because they know, one day, there will be a war on Bitcoin - a war on getting Bitcoin.
It's impossible to print. It's only limited-possibility to mine. At a pre-set speed and with publicly-known rules.
Why so volatile? Because it will first go to the top end of extreme... let's say, it will reach 500k, then it will go back to 20-40-50k... then it will go to 350k, then it will go to 100k... and only then... when it reaches both sides of extremes... it will be able to find its steady value. which will be steadily growing due to deflation, and then, are you ready? It will be MORE STEADY than any fiat ever produced. Because it will be natural: backed by power-consumtion, total transparency, and full decentralization.
Sure, for traders and speculators, the next end of spectrum will cause a massive profit taking opportunity, and rebounding back to low ranges a massive buy opportunity... eventually they will drive it to the equilibrium. The Dollar. The Euro. The Yen... will be dead.
To The Moon Through Understanding And Unbiased Knowledge,
Cheers!!!
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