Bitcoin the ultimate store of value?


Generally speaking economies world wide are having hard time retaining stability and prosperity due to a broken monetary system and high interest rates that has to be payed due to a loan provided by IMF and World Bank who's constantly enslaving nation via that specific tools.

Dollar inflation is high as fuck since federal reserves decided to bail out yet another bank associate, which one is soon to be find out. Just imagine the pump that would happen in case people decide to put 10% of their overall portfolio into digital currencies...

Having in mind that Worlds Global debt is around $ 255T dollars, which should fit approximately $12 M per bitcon haha. The shift will eventually happen, there is no reason for one to utilize "benefits" of traditional market, along with banks when crypto can provide faster and cheaper way to transact.

How many times should we go through crises, who are literally orchestrated by the same elites over and over again. An alternative towards tradition is being build ever since Bitcoin whitepaper went viral.

I'm somehow convinced that bitcoin will reach $ 100k Until the end of 2020. Whole industry will boom like a bomb and that's inevitable. I'm not saying all the projects will end up being equally successful, however there is a big chance for majority to prosper one Bitcoin reaches new ATH.

The funny part is that we've provided a lot of tools, made a lot of development and it seems how price simply doesn't follow. On the other hand, if we're about to be completely honest general crypto industry has yet to provide better terms if compared with centralized structures.

This is just me, thinking out loud!

Keep the ball runing!


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21.11.2019 09:01
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Dear @ocupation

I can hardly imagine that bitcoin would be considered (in a long term) an ultimate store of value.

After all bitcoin is nothing but very first solution build on top of blockchain. It's a bit like hoping that very first world wide FIAT currency (used as a reserve currency) would be also the best and long term solution.

BTC comes with tons of problems and I would expect that sooner or later it's golden times will be over.

Just imagine the pump that would happen in case people decide to put 10% of their overall portfolio into digital currencies...

And that would happen ONLY if finally lack of regulations will not be an obstacle for investors. Right now investing in any crypto asset is a huge gamble. It's hard to know how to pay taxes, it's hard to know if company behind token will not be shut down next month for "illegal activity" etc.

Lack of regulatory framework is a huge put-off.

I'm somehow convinced that bitcoin will reach $ 100k Until the end of 2020

How could that possibly happen? Regulators and central banks managed to destroy this market in 2018. They managed to torn Libra into pieces. If BTC would reach even half of that price - all mass media (being influenced by central banks) will easily destroy image of crypto.

After all it all comes down to investors TRUST. Would you really think that this trust could be recovered within just a year time?

Good read, upvoted already,
Yours, Piotr

23.11.2019 09:06
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After all bitcoin is nothing but very first solution build on top of blockchain. It's a bit like hoping that very first world wide FIAT currency (used as a reserve currency) would be also the best and long term solution.

I would disagree on this one as rarely any Fiat currency has such ideology to back it up. Ideology behind Bitcoin is powerful and being first one in the space gives it huge edge over others.

Given the fact how there are better, cheaper and easier way to transact if compared to bitcoin, it's somehow rational to assume how bitcoin won't serve its initial idea of being peer to peer payment system. It seems more likely to serve as store of value. I might be wrong though.

And that would happen ONLY if finally lack of regulations will not be an obstacle for investors. Right now investing in any crypto asset is a huge gamble.

Legal frame will be implemented out of necessity, the market will force governments to act, don't you think there will be pressure by the people once crypto starts booming again?

Investing is risky and no one can claim otherwise, but the potential reward is what makes us to keep building regardless of the price.

How could that possibly happen? Regulators and central banks managed to destroy this market in 2018. They managed to torn Libra into pieces. If BTC would reach even half of that price - all mass media (being influenced by central banks) will easily destroy image of crypto.

Actually it's not that hard to imagine Bitcoin sitting on a new ATH if bull run emerges. It's impossible for market to stay bearish for too long. Market cycles are real and natural part of how market reacts towards different situations.

Can you remember how news looked like when btc reached 20k? Crypto Industry as a whole is worth around $ 200B hahah. Can you imagine how much money will bitcoin be worth if industry reaches few $T dollars. I'm not claiming it'll happen, rather stating what's on my mind.

Halving will have some side effects as well. I believe 2020 will be a big year, we need to be prepared :D

Thanks for the time, appreciate it.

23.11.2019 14:42
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Interesting read @ocupation.
Resteemed and upvoted already.

23.11.2019 09:07
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Hi @ocupation

It may sound very loud, but I think you're quite right in this that I'm quoting from you.

I'm somehow convinced that bitcoin will reach $ 100k Until the end of 2020. Whole industry will boom like a bomb and that's inevitable. I'm not saying all the projects will end up being equally successful, however there is a big chance for majority to prosper one Bitcoin reaches new ATH.

It might be crazy, but everybody's got their eyes on it.

The banks will look for a way to recover their money, but in the future there will be more and more people who leave the financial system and go to the chain of blocks and virtual wallets, and as always the BTC will be the reference for other emerging currencies that always seek to dethrone the BTC.

24.11.2019 02:02
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