Is bitcoin "unmanipulatable" though? It seems like it gets treated like a stock...big swings up and down. Definitly not stable enough to be used as a currency.
lol. Stay with fiat then, and you can have a stable erosion of your purchasing power at a rate of 15%.On the other hand, have a volatile 200% return every year. Choose wisely. Your future might depend on it.
Try buying $10 worth on Swan. Hold it for a couple years and see how it feels.
When an asset class is invented, it has a logarithmic (exponential 'S') adoption curve. BTC will not expand forever, but the opportunity to benefit from it is when you purchase it before the richest people in the world. The reason BTC is such a good opportunity is because the rich cannot control it right now (like they do with Gold) because it is decentralized and the miners are privately owned. This is not to say it won't be in the future. For the next five-ten years, however, BTC will be the dominant financial network because it is non-debt based collateral, which means it is not re-hypothecated fifty times like real estate (Mortgage Backed Securities). Again, it might get there someday, but for now, it is like trading glass beads (dollar) for Gold (BTC).
Is bitcoin "unmanipulatable" though? It seems like it gets treated like a stock...big swings up and down. Definitly not stable enough to be used as a currency.
lol. Stay with fiat then, and you can have a stable erosion of your purchasing power at a rate of 15%.On the other hand, have a volatile 200% return every year. Choose wisely. Your future might depend on it. Try buying $10 worth on Swan. Hold it for a couple years and see how it feels.
Does 200% every year sound like currency? Sounds like a wild bet to me.
And you don't have to convince me that the US Dollar is a bad storage of wealth right now
When an asset class is invented, it has a logarithmic (exponential 'S') adoption curve. BTC will not expand forever, but the opportunity to benefit from it is when you purchase it before the richest people in the world. The reason BTC is such a good opportunity is because the rich cannot control it right now (like they do with Gold) because it is decentralized and the miners are privately owned. This is not to say it won't be in the future. For the next five-ten years, however, BTC will be the dominant financial network because it is non-debt based collateral, which means it is not re-hypothecated fifty times like real estate (Mortgage Backed Securities). Again, it might get there someday, but for now, it is like trading glass beads (dollar) for Gold (BTC).