The constant reclassifications of Bitcoin

Discussion in 'Crypto Assets' started by Pekelo, Dec 24, 2017.

  1. Pekelo

    Pekelo

    As its usage changed through the years, its users kept changing what is its purpose:

    1. A geek experiment, a proof of concept.
    (the early years, only geeks knew about it)
    2. The currency of the internet
    (major adoption, worldwide usage and media coverage spreading)
    3. A store of value
    (huge price appreciation followed by shrinking adoption due to technical difficulties, this is now)
    4. A collector's item
    (when price eventually falls back to 3 digits, this is in the future)
     
    Last edited: Dec 24, 2017
  2. So you here, live in ET, to an audience of untold millions, predict a 90% drop.

    Does the future include the next 1, 2 , 5 ,10, or 10,000 years ?
     
  3. Pekelo

    Pekelo

    Since bitcoin holders like to talk about what happens in 2140 (when bitcoin mining stops) I say the same. Only 123 years away... :)