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skywirex@lemmy.ml

🍿 BTC will collapse within 7 to 11 years from now! 🍿 (x.com)

submitted 3 weeks ago by CashDragon@realbitcoin.cash to c/bitcoin@lemmy.ml

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cross-posted from: https://realbitcoin.cash/post/228766

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[–] HumanOnEarth@lemmy.ca 1 points 2 days ago (1 children)

I think it's a fair argument but also one that would sound very reasonable 14 years ago.

The incentives for participation prevent the price from falling that far. My opinion only.

[–] CashDragon@realbitcoin.cash 1 points 2 days ago

14 years ago things were looking good, it has changed now. There is not much participation apart from speculators, they will all dump when the trend is downward. Bitcoin needs true utility to continue however this is not possible because it has been hijacked and crippled from being used as actual money by a large number of people paying fees to sustain miners.