Will Bitcoin turn into a long term confided in store of significant worth?

in altcoin •  8 months ago

Regardless of whether one ought to put resources into bitcoin or not relies upon whether you figure Bitcoin will turn into a long haul put stock in store of significant worth.

On the off chance that it becomes a long haul trusted store of significant worth, BTC should exchange around $2,000,000 a coin (contingent upon what number of coins are lost and are entirely course). That is more than 100x the cost of where BTC is today.

On the off chance that BTC does not turn into a long haul trusted store of significant worth, its presumable cost will be near zero (unless it turns into a "cool" collectible ... which is a probability).

So on the off chance that you think BTC has a 10% possibility of turning into a long haul trusted store of significant worth, it is a decent venture with a pleasant expected return. It is still extremely dangerous however proficient speculators ought to contribute some little bit of their portfolio for this situation.

In the event that you think BTC has a 1% shot of turning into a long haul trusted store of significant worth, you ought not contribute.

On the off chance that you think BTC has a 0.001% shot of turning into a long haul trusted store of significant worth, you should think about a short.

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I don't particularly have faith in the long-term value of Bitcoin as a digital currency, unless it is widely adopted by retailers and banks as a means of exchanging value.

I do however have a lot of faith in the Blockchain technology and I think that is where the focus and investment should be. The technology still has so much growing to do, but is already showing areas (e.g. Medical Field), where it can add a lot of value.