RE: How to Fix Bitcoin?

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How to Fix Bitcoin?

in cryptocurrency •  7 years ago 

I think that one day the market will stabilize and we will have a $10,000 coin, a $5,000 coin, $1,000 one, $500 and $100. Then maybe use fiat in the country we are in for $99 and under.

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If you think BTC is going to stabilize at $10k, you are mistaken. Due to the increasing cost of mining, BTC will either be worth $100k+ or the whole ecosystem will fall apart. In the long-run, miners won't be able to make a profit with BTC at $10k.

Haha a hodler, welcome to steemit you are with friends now.

Bitcoin is back in the territory of 8k and beyond this morning.