Loading ...BTC the Fraud
I posted some remarks a few days back on one thread with a theme expressing hope that cryptos would break the fiat strangehold.
I am sympathetic to that cause, but don’t see bitcoin itself as the answer. Here’s one reason why
http://www.zerohedge.com/news/2017-09-19/cryptocurrency-concentration-just-4-own-over-95-bitcoin (ZH)
And tulip prices kept soaring higher until …
I´ll argue that if is a new borned currency (less than 10 years, compared to other fiat currencies is nothing) and it´s acquiring capitalization, the way it has to go is the good way. As price goes up the wallets will sell their bitcoins little by little. As I entered in 2013 in the crypto market and now I own 35% less than I had at that date.
You have to think also that satoshi nakamoto (anonymous owns a wallet with 1Million bitcoins) and you can go to the blockchain explorer and see that he never touched that money (yet).
That’s why some say he is really an organization – perhaps the Fed itself – performing a test to see how crypto’s perform in the real world. If it goes well, well…