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Future Predictions
The Rise and fall of Bitcoin???
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<blockquote data-quote="label" data-source="post: 165801" data-attributes="member: 5940"><p>Disclaimer: This is a prediction based on thumb-sucking and the smoking of very old and smelly socks. Do not let this thread/post be a deciding factor in your current/future investments. </p><p></p><p>Looking at Bitcoin i stand to question how scary it has become. More to the point i figured i will share my thoughts. </p><p></p><p>Bitcoin is supposedly a currency and yet more and more people are treating it like a commodity/investment. The reality of this is, some people will trade with Bitcoin and others will keep it. </p><p></p><p>Speaking to some small miners they simply said mining bitcoin is no longer profitable. This is alarming as the mining of bitcoin does impact its infrastructure somewhat.</p><p></p><p>My prediction is that Bitcoin will become a supper commodity to the point that the normal person can no longer do anything with it. It will simply become to expensive. At this point it may lose a lot of its value due to lack of interest and availability. Thus I think Bitcoin will lose to its competition purely because it is beyond overvalued. </p><p></p><p>i could be wrong but this is my prediction for 2018</p></blockquote><p></p>
[QUOTE="label, post: 165801, member: 5940"] Disclaimer: This is a prediction based on thumb-sucking and the smoking of very old and smelly socks. Do not let this thread/post be a deciding factor in your current/future investments. Looking at Bitcoin i stand to question how scary it has become. More to the point i figured i will share my thoughts. Bitcoin is supposedly a currency and yet more and more people are treating it like a commodity/investment. The reality of this is, some people will trade with Bitcoin and others will keep it. Speaking to some small miners they simply said mining bitcoin is no longer profitable. This is alarming as the mining of bitcoin does impact its infrastructure somewhat. My prediction is that Bitcoin will become a supper commodity to the point that the normal person can no longer do anything with it. It will simply become to expensive. At this point it may lose a lot of its value due to lack of interest and availability. Thus I think Bitcoin will lose to its competition purely because it is beyond overvalued. i could be wrong but this is my prediction for 2018 [/QUOTE]
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The Rise and fall of Bitcoin???
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