GR just some observations as hmmm approx 6 months ago the son of a friend (still in his teens )said he had some bitcoin,i gave my opinion and now wish i had of kept my mouth shut.
So bitcoin ,a potential globally accepted currency?,doesn't make sense to me ie the euro is a serious failure for europe as weaker countries can't compete with stronger currencies based on same exchange rate.So how can bitcoin become a globally accepted currency?
Clearly if each country used its own currency to buy bitcoin then u have some type of realistic way for bitcoin to become a global currency,but again whats the point.? its just like a 'middle man currency' not performing any purpose ie as far as i can c it would have to b supported by a currency ie the USD or/and Yuan..
If its being bought as a safe haven due to global loss of confidence in global currencies,well lol i'll open my mouth,if global currencies fail as some r predicting y would u feel bitcoin is a safe haven ie compared to other forms of so called safe havens like gold.ie best advice i have heard from a global investor if currencies fail due to QE,make sure u own a sml hobby farm.
As posted,apple (applepay) has been working on 'tokenisation' for many years,and due to its partnership with alibaba (alipay china) when they feel their ready to introduce such a cashless currency it will b the beginning of the end of cash.
But imo only ,each country must try and have control of its exchange rate in order to b competitive,the obvious example being germany and greece using the euro,makes no sense.
-as a so called cashless currency its gone from approx $1000 to what 10k or $15k in approx 1 or 2 years,is that the way a currency should perform?,would u take bitcoins for a property?.
Just my opinion,but when u have no way of valuing something how can u place a value on it.
ps read something the other day some prediction suggesting bitcoin could go to $60,000 then drop to $1000.Reminds me of penns prediction that revenue will increase $500m in 2021.
Time for second coffee.
ps we r gambling enough with penn,chair ,nas , then u post that news on adelaide cbd,thats enough gambling with out tls accepting bitcoins imo.
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