Why I Want Bitcoin To Crash...
I know what you're thinking: are you crazy! Well maybe, but not on this. In the last couple of day bitcoin has gone from $7800 down to $6400. Most people would want the price to go up, just not me.
Why
My reasoning is simple, trust, redistribution, and it is most likely going to do so anyway.
Trust
I believe if bitcoin crashes and goes back up in price people wouldn't worry as much as before about bitcoin. There is a hesitance for change, but if people see something that fails but succeeds after they can see opportunity. Or at least I can. Plus if people who have coins don't trust in bitcoin then they will sell off, which is good because I believe bitcoin isn't just about making money, but effecting industries and things around it.
Redistribution
Most likely some people have a lot of bitcoin, while the rest of us, have little or none. If bitcoin were to crash new people could buy into bitcoin and create more of a community. Right now it isn't feasible to buy bitcoin, but if it goes back to the price of the early days, people will most likely buy on.
Inevitability
Honestly everything fails, it's just what is after that is the prize. Big companies had many products that went through stages that created then into who they are now. Apple had many early types of computers, but now they only have the line Macintosh. I think bitcoin will crash. Maybe not to $0, but low enough to get back up on it's feet.
I currently have very little bitcoin, so I might be a little bias.
Favorite
Today is my favorite altcoin. A hard one, but I would have to say Steem, of course. But my other two are Ethereum and Dogecoin.
| Ethereum | Dogecoin | Steem |
|---|---|---|
| Coding language built in (contracts) | No coding | No coding |
| Fluctuates in price | Steady price | Steady price |
| Many platforms built around it | Just a coin | Many platforms built around it |
| Medium ability to make a good amount | Fairly decent with faucets | With great content, really easy |
| Cool | Good | Awesome |
This does not include other altcoins, or bitcoin.
Thanks
Thanks for reading, and as always have a great time till I post again,
Kenny
Warning: I am not a financial adviser in anyway. This is all speculation.
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