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<p>[QUOTE="Michael K, post: 3701264, member: 78298"]I am talking about time, years and eventuality. Of course it's not going to</p><p>be $5 tomorrow. But one day I believe it will.</p><p>I believe the peak price was 19,000. The price has been manipulated so many times in it's short history, it's not a trustworthy unit of currency at all.</p><p>Plenty of things are scarce. It's because for whatever reason people have decided to accept this as a medium of exchange. But when it gets hacked enough, or discredited enough, when people's opinion, banks opinion, brokerages opinions change on the worth and value of Bit Coin, it has no where to go but down. It's pretty much inevitable. A passing fad.</p><p>Nothing is backing it. Zero. Some new digital crypto currency could appear with more safeguards and more backing and protection that people will get behind and Bit Coin will go the way of steam engines.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 3701264, member: 78298"]I am talking about time, years and eventuality. Of course it's not going to be $5 tomorrow. But one day I believe it will. I believe the peak price was 19,000. The price has been manipulated so many times in it's short history, it's not a trustworthy unit of currency at all. Plenty of things are scarce. It's because for whatever reason people have decided to accept this as a medium of exchange. But when it gets hacked enough, or discredited enough, when people's opinion, banks opinion, brokerages opinions change on the worth and value of Bit Coin, it has no where to go but down. It's pretty much inevitable. A passing fad. Nothing is backing it. Zero. Some new digital crypto currency could appear with more safeguards and more backing and protection that people will get behind and Bit Coin will go the way of steam engines.[/QUOTE]
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