Thread: Crypto bubble
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Old 06-22-2018, 06:39 PM  
The Porn Nerd
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Quote:
Originally Posted by InfoGuy View Post
The dum-dums who are HODL, believing the illusion that BTC is eventually going to $100,000 or more.
Like the "dum-dums" who bought BTC at $1000 or below and have been holding ever since?
I wish I was one of these "dum dums" in about five years. LOL

Quote:
Originally Posted by InfoGuy View Post
You should read this insightful Forbes article What Determines The Price Of Bitcoin?.
Mining WILL stop - when the 21 million BTCs are all mined. We are close to that happening now. What that quote leaves out is, after all the mining is done, BTC will not "lose value" because it is not Ethereum, which is based on never-ending mining without theoretical limits. Mining is not the only way to verify BTC ownershp.

Never under estimate the value of wealth you can carry around with you on a hard drive. THIS is why BTC will survive - until Governments supplant it with their own crypto. Even then, while worth less, BTC will still have value.

HOLD HOLD HOLD.
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