when you say old people .. no because they don't have time their side to be risking on cryptocurrencies .. also if you are wealthy , your goal is to stay wealthy and cryptocurrencies while established and here to stay too risky still .. there are exceptions of course ..
otherwise working folk that still save money from their paychecks ( if that is still a thing ) and anyone that makes money from investments absolutely should have been buying and still should be buying. the fact that there will be pullbacks and possibly large pullbacks dosnt mean you should wait unless you are sharp enough to get in and out on time
bitcoin does not need the US to continue, its a worldwide currency .. all it needs is time and security of the blockchain
it will be what its going to be what it was intended to be with or without US residents or government participation..
contrary to what people think, it doesn't need the US dollar to crash either , at all. I hope the US dollar does great and same with the US , one isn't dependant
on the other , however adding 500 billion in new minted dollars ( or whatever the number is ) this year kind of makes people focus on the difference ..
US dollar is expanding boundaries at the moment , almost everyone thinks the US dollar is not being replaced at all.
wether you should keep ALL of your savings in assets that settle in US dollars exclusively is the primary question at the moment ..
that's an incomplete yet wordy way to say that it won't matter to bitcoin very much , whichever way the US ultimately decides to position
itself within the cryptocurrency space.
if you see all the data that blockchain provides there is zero chance , imo, the US and Britain and others would pass on the opportunity to be able
to drill down on the details of money in circulation by completely shunning cryptocurrencies.
in fact the opposite they would give their first born to be able to get the data on US dollar , that blockchain provides about bitcoin transactions, savings , uses etc ..
if anyone wonders if the us government will embrace CC's or not, my last sentence is the answer .. data is king and the blockchain data feed vs the data the us
brings back on dollars .. isn't even in the same galaxy their so far apart
Just wait...
I dont know when, but the whole thing will come down 80 percent at one point.
Its clearly Internet bubble 2.0
Why? Because now just like then price is way ahead of actual usage. Most of those dapps or even chains are ghost towns. Eventually people will start to think 'Is anyone actually gonna use this thing'?
Just look at ETH's daily usage. Its about the same as it was a year ago. A little over a million transactions per day.-- yet the price shot way up
And many dapps are leaving cause it is too expensive to use.
Plus way way too many new coins are coming on every day. 'Supply kills the bull' they say
well the same cannot be said about the lightening network ( for those following that dont know what the LN is , its a layer that
runs on top if bitcoin that allows for speedy transaction times at extremely low cost ) ..
I remember when the LN was just a concept now its the platform that El Salvador is using for point of sale transactions.
Network adoptions are growing exponentially .
regarding ethereum their transactions fees have gotten out of control and with other blockchains being built with interoperability in mind many
d'apps that were developed on ethereum have migrated to polka dot, Cardano and other chains.. so I dont think you can look at ethereum specifically
as the story for the entire eco system ( if thats the right way to use the term ) ..
look at the amount of bitcoin wallets added every month its a staggering adoption rate and is trending up ..
the LN has propagated incredibly and come so far since concept ..
if you want to take one single niche within a segment .. look at gaming .. when you wrap your head around the fact that every single item within a game can be its own crypt currency you will realize this is not a bubble and this still the first inning of cryptocurrency as a whole ..
take ZED RUN , a horse racing game .. you buy the horse with ethereum , and when you sell the horse , or its offspring you are selling it in ethereum
in the meta verse real world dollar conversion is not a thing .. if you bought a horse in zed run for 1 etc ( 3,200) .. today you sell that horse for 1 etc ( 4300 ) profiting the difference .. within the games rewards themselves lets call them points are its own cryptocurrency .. so if you have 3,700 points within that game it has its own cryptocurrency ticker and its own market ..
thats one niche , and it scales across every segment and business vertical .. its a pimple on the virtual worlds ass so to speak
I've heard a great opinion that bitcoin is a great way to hedge. That is, when one or more assets collapse, bitcoin goes up. And it helps keep your investment portfolio in profit. But that's just some person's opinion.
And I've also heard that bitcoin's value only depends on people's opinions. However, the value of what doesn't depend on people's opinion?
Just my opinion but...I've heard a great opinion that bitcoin is a great way to hedge. That is, when one or more assets collapse, bitcoin goes up. And it helps keep your investment portfolio in profit. But that's just some person's opinion.
And I've also heard that bitcoin's value only depends on people's opinions. However, the value of what doesn't depend on people's opinion?
If the markets go down 10+ percent, cryptos go down with it..(and probably a lot more.)
Because of margin calls. When institutions face margin calls, they have to get money from somewhere and odds are its from the crypto side.
And the leverage in cryptos is huuugggee....
