RE: BITCOIN AND THE FUTURE OF DIGITAL CURRENCIES - BITCOIN, BITCOIN CASH, BITCOIN GOLD
GREAT article, but I disagree with your questioned conclusion.
Seems obvious to me that the FIAT currencies are a scam. Because of this people created and moved into Bitcoin. Problem is, even though there will only ever be 21 million BTC, there is no limit on how many cryptocurrencies there can be or how many coins each can create. The facts (look at availabe "Alt" coins, there are 1,000s) that there is no check mechanism on this means the "cryptocurrencies" have NO ADVANTAGE over Government Fiat currencies (with the exception of perhaps they can't molest your wallet balance). So with this knowledge in mind, I will make a logical prediction of what will happen over the next few years.
As the decline of the US Dollar continues, Bitcoin (BTC or BCH or BTG) will rally (as they have already been doing).
Once people realize there is no limit to the amount of competing cryptocurrencies (altcoins) can be created, they will realize that most cryptocurrencies (with the exception of "OneGram", backed by physical gold in a vault, or concepts like ETH or EOS where they are not currencies but foundations of a useful new platform) are virtually equivolant to a FIAT currency with no checks and ballances they will move to the TRADITIONAL stores of value,,,, aka GOLD and SILVER.
Watch my prediction,,, the worlds currencies are already in decline, Cryptos are still raging,,,, next step,,, the crypto investors get slammed and Gold but especially SILVER will show themselves as KING.
Right now I"m in a few altcoins,,,,, COB (Cobinhood), SNT (msgr app to access Ethereum Dapps) and OneGram, and BCH (for the short term). OneGram seems to be the best of both worlds,,, I would suggest taking a look see.
"As the decline of the US Dollar continues, Bitcoin (BTC or BCH or BTG) will rally (as they have already been doing).
Once people realize there is no limit to the amount of competing cryptocurrencies (altcoins) can be created, they will realize that most cryptocurrencies (with the exception of "OneGram", backed by physical gold in a vault, or concepts like ETH or EOS where they are not currencies but foundations of a useful new platform) are virtually equivolant to a FIAT currency with no checks and ballances they will move to the TRADITIONAL stores of value,,,, aka GOLD and SILVER." <---- You are ahead of the curve there, yes, in a few years Gold and Silver are likely to go up quite a bit. I think digital currencies are with us to stay, but whatever happens with price, they are teaching people about money and value. Many will diversify into Gold and Silver to be safe from fiat.
yes, this is an early prediction,,, crypto are still a "Nerd" nitch, after the main stream Joe Blow on the streets are heavy in cryptos,,, then the big movers will switch to silver/gold.
Probably take 2 years or so,,,, but one never knows for sure,,,, for he comes in the night as a theif and no one knows at what hour.