RE: Your crypto knowledge has a value 💲💲💲
that nothing goes up forever.
The price of bread, in Deutschmarks... well, i guess it could have gone up forever if people had larger wheelbarrows.
I guess, the problem i have with that statement is that cryptos will go up and stay up when we see adoption. And, will stay up, until the crypto dies.
The other problem is that when we say "bitcoin won't go up forever" we mean that in dollar terms, and The US$ is being undermined at an increasing rate.
So, how many Zimbabwe notes for a bitcoin?
I see you are going full "signing them up" route for your $60 an hour.
What if what the client really needed was a paper wallet with $50 of bitcoin?
I probably should figure out how to make and carry around $50 bitcoin _____ (what is the proper word, its not a note, its not a bill, its money...) and then sell them at +10% from spot.
But even when we see adoption don't you think there will still be a speculative period of parabolic growth followed by a big correction? I understood this was the normal cycle of markets.
I love your idea of selling paper wallets on the spot. It sure makes it easy for them to own some bitcoin!
No, i expect bitcoins to become pretty much rock solid in value.
The only way to move the price is to dump and then buy.
With things like stocks, you can dump loads of stuff you don't have.
That is why exchanges today are going away. They are trading paper bitcoins.
So, after the shakeout period, high speed trading will just make bitcoin more stable.
But, i do not know what the value of a bitcoin will be... it will be something like 1 manhatten penthouse worth.