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RE: Does Bitcoin Cash Still Have a Chance of Succeeding?

in #threespeak5 years ago (edited)

I don't "invest" in bitcoin cash. I use it, primarily in crypto to crypto transfers where national fiat is involved. The fees are extremely low, so low that the miners fee is a fraction of a penny.

A news article just came on that is really spooky about how citizens in Sweden are getting a chip in their hand attached to their bank account. Sounds like book of Revelations is upon us. If this continues as is stated in the bible, this suggests that bitcoin turns out to be a failure.

People aren't adopting the technology at a significant rate at this point which is largely caused by the IRS turning crypto into a "stock" with capital gains tax consequences for moving it around.

I still expect a period in time where it looks really bad for the state when crypto mass adoption looks like it might take off. I suspect we'll begin to see this trend happening by next summer after a banking crisis that happens sometime between this fall and next spring.

After an initial disappointing period in the next few months in crypto, a parabolic rise in prices by late summer into fall of 2020 with a peak happening by Feb 2021. If scaling hasn't been solved, then we are headed down again into the familiar U shaped pattern caused by halvenings.

In those projects that have solved scaling, if they achieve adoption, and are not decentralized enough, we could end up back in book of Revelations consequences.

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