Bitcoin will suffer a huge crash and here is why
How delusional do you have to be? just hodl, amirite? it'll rise forever, without any major corrections, amirite?
If you think eth is inflationary, and can't pass btc in market cap, then you are misinformed or lying to yourself because it literally takes 30 seconds of research to disprove that. It's getting its next block reward reduction in a month.
If you think segwit is a scaling solution, then you are misinformed or lying to yourself because it literally takes 30 seconds of research to disprove that. It's just a hack that enables lightning networks, which is a fancy way of saying "throttling." I'm not even going to get into how onchain transactions will continue to slow quadratically and we've basically capped out in computational power because atoms are a thing. There will come a point where alts are more profitable to mine than btc and this will hurt its market cap.
If you think the entire market right now isn't 99% speculation and in a huge bubble, you're delusional. There is NO. GREATER. FOOL. The only coin that will make it is eth because of institutional backing, and even then it's a shitcoin that won't be viable for anything other than toy projects for another 2-3 years, and that's only IF it can manage pos and sharding. The current ICOs are all scams because they're built on eth which DOES NOT EVEN WORK YET. IT'S A PROTOTYPE AT BEST. 1980s computers are faster.
But the stock market is going to crash and money is going to flow into btc/eth right? We all know damn well that it won't crash until right before the next us election. Sites like zero hedge are always a year or two ahead of the game because the market stays irrational longer than you can stay liquid.
You are welcome, and don't get burned too badly.
[link] [comments]
Read More
