RE: Bitcoin Bulls in Bear clothing

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Bitcoin Bulls in Bear clothing

in cryptocurrency •  5 years ago 

More than 80% of Bitcoins are already mined and owned before the majority of the world even understands what it is. That is a major hurdle for Bitcoin adoption if you ask me and will continue to be in decades to come! And Litecoin and other alts aren't that different. This is why I promote SwiftCash! It's almost 1 year old and if you count its history it's more than 2 years old! And still only below 2% of max is mined and it's going to take more than 500 years to reach its maximum supply! After 12 years, it's gonna be like 10% of its max! Compare that to Bitcoin which is over 80% of its max in less than 12 years! Huge difference...

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I'm not sure 80% of Bitcoins being mined is much of an issue. In fact many would argue that Bitcoins high 'stock-to-flow' ratio is one of the main reasons it is highly sought after as a store of value.