Just think what they could be worth if the BTC billionaires decided dump their cryptos and pile into TULIPS!
pumping due to pornhub only accepting crypto as payment now. expecting it to go limp and create more bagholders than actual users of the "currency"...just like last time.
https://cryptopotato.com/pornhub-cryptocurrency-only-payment-option/ "After Visa and Mastercard stopped supporting Pornhub, the adult site is accepting cryptocurrency as the only payment option for its premium services."
Bitcoin (cryptos as pr0nhub accepts others) is decentralized p2p distributed, censorship-resistant, cryptocurrency. Immutable, censorship-resistant borderless, medium of exchange. Bitcoin is internet money. All those words above have significance. Bitcoin is also a scarce digital asset for investment purposes (SoV)
False. Governments are already showing that they are planning to regulate it and planning to make it a crime to avoid paying taxes via cryptocurrencies. True. There are also 2,000 other cryptocurrencies that meet the definition of "internet money". False. The "halvening" has shown that bitcoin is not immune to manipulation. It is a digital string of numbers, that can (and eventually will) be issued into perpetuity like every other fiat currency on the planet. Right now it is being kept scare so that early adopters (it is estimated that 77% of all bitcoin hasn't exchanged wallets in over 1 year), can mark the price up using various promotional schemes (we are all being bombarded by them), before attempting to cash out at a tidy profit.
Your concerns have been discussed here on other threads and outside of ET. I will not be able to add anything new to the exchanges.