I agree....the fundamental problem with Bitcoin, the largest of the hundreds of cryptos out there now, is it's not really fungible. It's not a universally accepted form of currency. IMO it can't and won't be a currency until governments around the world make it so. That's why IMO it will fail, because that will never happen.
I just stumbled across this recent video of an interview on CNBC with Greenspan talking about Bitcoin. He compares Bitcoin with Continetals, the currency used back during the Revolutionary War, that was inflated to zero. What's amazing is how he completely side-steps the fact that ALL major fiats, including the U.S.dollar are heading down the same road as the Continetal.
I laughed my ass off when he made his comparison, but conveniently left out all the OTHER fiats as I guess being fine.
I would add when the Bitcoin craze blows up it could be the Black Swan that takes the markets down. We'll see just how long it takes that to play out. I suspect more Suckers will have to buy in even from here.
Did you know this about Bitcoin? This article states one Bitcoin transaction takes the same amount of electrical power for 9 homes in the U.S. in a 24 hour period. OMG LOL If this article is true at some point we'll likely see our electric bills go higher because of Bitcoin.
'Tommy 2 X' Sounds to me like you're getting "a whole lot of worry" underneath that solid gold veneer of impenetrable confidence, but you're right, it's not @ 30C yet, not yet! So how long could it possibly be before it reaches that 30C moment? Not long! GLTA Play it as you see it
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