Is bitcoin doomed?

in #bitcoin4 years ago

Hello steemit Daniel back at you with another short post about none other then...get ready. Bitcoin! The fat lady we all love to hate. haha jk. She's no fat lady. If you looked at any charts in the last 6 months you would think this chick has had it. In reality who knows what story will be able to be told on her in the next year. With talks of impeachment, a trade war with china, and markets being manipulated. There is no telling what will happen with out digital safe haven of wealth. After buying a bike on overstock and then watching the markets "crash" I actually soon realized I wish I wouldn't have tapped into my bitcoin holdings at all. In fact I believe in the long run that decision is going to hurt my pockets. Hurt my pockets deeply. In no way should I have sold the couple hundred in bitcoin I had. I know it was only a couple hundred but in 5 years down the line will that have been a good decision? I kind of doubt it looking at the history of bitcoin and how drastically it moves. The now $7000 dollar price tag is still huge compared to previous highs. Bitcoin still is performing at an insane velocity despite pull back after pull back. Don't really think to much of it and act astounded if it does actually shoot for the moon like pumpers have been saying for years. Their really is nothing like bitcoin. All the other alternative cryptos alike. Nothing is like Bitcoin and it will always be the king at the top I believe. Never second I highly doubt it. Keep an eye on things like bitcoin. Stack silver, or gold. Because in the end the people that don't have things like these will ultimataly be in a world of hurt putting their faith in our fiat resources. Time is a tickin for the harsh reality of overinflation to do it's damage and work it's way into the extra paper. Read all about it. Those uncle sam greenbacks are not worth the paper they are printed on and cannot be accepted.

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