This is pointless.
If people and institutions use it to buy goods and services directly without trading for fiat it is worth something and has value. If it is legal in countries you reside in there is no issue. Therefore it will not go to 0 as long as people use it directly for goods and services and can bypass fiat other then to pay taxes or whatever your country requires using it. Eventually there will be places that only accept bitcoin or crypto.
If you believe in it you will use it. If you are smart you will not put your eggs in one basket regardless what you invest in. For me all my crypto investment is purely profit. I put back what I invested and enough to cover for taxes and the rest is just trading off profits and watching it grow. I haven’t used it to make direct purchases but plan on buying the Cybertruck with Dogecoin if this becomes an option which it looks like it will.
Enough people use it to purchase of goods and services directly from wallet to wallet.
If it is this bad make legislation to ban it. There is no point bantering how much it will destabilize a country and fund criminal activity. We can list over a thousand instances where fiat is used as a pyramid scheme, by governments for corruption, money laundering and the poor people get most affected like in countries experiencing hyper inflation and to directly destabilize countries. If any of those poor people now struggling to buy food even bought $100 worth of bitcoin 3 years ago they would have been so much better off then investing in their failing fiat with losing purchasing power.
I hope nobody is dumb enough to take financial advice from us from terb. To anyone who may read this whatever you do don’t take any financial advice from the self proclaimed experts based on above posts or even from me. When I made my own decisions and owned them is when I hit the greatest returns. Don’t even take advice from YouTube, Twitter and what you read on Google. You need to figure it out on your own.
Here is your purchasing power of the dollar...
Again don’t listen to these guys especially me. They/we are just practicing your reactions and don’t really believe what they write here. Majority of terb posters will never reveal the secrets what has brought them the highest returns. For me it was Dogecoin but I agree I probably got lucky because I believe in Elon Musk and am willing to lose everything I invest supporting the projects he supports.
