Quote:
Originally Posted by Winsor_Pilates
That's awesome you've done well on those bitcoins.
Honestly happy for anyone here doing well with whatever they invest in or do.
But your tone and the fanboy tone of crypto investors is both reason to believe on the investment and to fear it.
Its impossible to separate the success of bitcoin from the fandom if bitcoin.
The value is where its at predominantly due to mass fandom, not traditional investment metrics or inherent benefit of the product itself.
I'm both confident the fandom will keep it growing further but also have massive pullbacks.
There will almost certainly be a newer, better Bitcoin as well.
It's just a matter of when, how high can Bitcoin go before that and what happens to it when the better steals the fanboys.
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You know these things are computers right? They can receive upgrades to make them faster, stronger etc. as time goes on.
IMO the people holding their breath waiting for a new better Bitcoin are going to be very disappointed when it’s the global reserve currency.