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RE: Bitcoin Battered Below $2000, Ether Tumbles As August 1st Scaling Deadline Looms
it'll likely drop to $1,000 or less... there are some fundamental issues with bitcoin that no one seems to talk about: https://edwineconomics.com/2017/07/15/the-inconvenient-truth-about-bitcoin/
We're early adopters. Wait till fiat caves. We're moving to a digital currency world. Do you want money that's controlled by the central banks and that they can print to oblivion or something that's decentralized and they can't get at?
BitCoin can be divided to 0.00000001. We can always increase that in effect creating limitless BitCoin.
See 2.
Where are the mass arrests of SilkRoad or AlphaBay users? Exactly.
The only real issues with it are mostly political / technological.
A) It gets so centralized with the mining and block size that a handful of corporate miners basically control the whole network.
B) This centralization leads to government intervention because BitCoin basically has a centralized point of failure.
C) Politics interjects itself in the future causing a hard fork.
D) It gets beaten out by better Blockchain technology.