This post will be called the Bitcoin Future Prediction as it will cover some pretty obvious points on how the future of Bitcoin and other cryptocurrencies will develop. Will they disappear or are there here to stay? How high will the price go? How can you make money? These are some of the topics this article will cover. Ok, with that being said, let´s go!
Cryptocurrencies are here to stay, no doubt about that but please don´t be stupid, use your brain, please. Yes, crypto millionaires and billionaires WILL be made in the coming years. There will be many “BIG buck winner stories,” told, and maybe you will be one of them. (Good news: If you are reading this you are an early adopter) But please don´t be stupid. Even the “wild” predictions that the price of bitcoin will hit $500,000 in 3 years… Or even $1,000,000 within 10 years… aren´t completely impossible.
A few other great cryptocurrencies will also rise beyond most peoples imagination. But please don´t be stupid. I feel a responsibility to write this post because I see a lot of smart and good people turn stupid. Cryptocurrencies are amazing but I want as many as possible to avoid the crypto-blindness mania. I want as many persons as possible to be less stupid about cryptos. Because there is going to be a lot of stupidity in the crypto area – it already is. And personally, I want to live in a less stupid world.
Do you want the cold hard truth? Can you handle the truth? Ok, here it is: Up to 99% of ALL the cryptocurrencies that exist today are total SCAMS.
Please don´t be afraid though, because once you realize that you can ignore around 98% of what happens in the cryptocurrency world, It becomes far less intimidating.
Bitcoin Future Prediction – Still Big Opportunity?
Isn´t it too late to become rich from Cryptocurrencies?
I hear this all the time, you probably have heard a couple of times also that it is too late to jump on the “Bitcoin train” but that is NOT true, it is FAR from too late. I will tell you something right now that should make you realize, why it’s not. But first a question, do you know how much money there is in the whole world?
The answer is $150 trillion.
Now, do you know how much Cryptocurrency money there is in the world?
The answer is $200 billion
you might also have heard Bill Gates saying that Cryptocurrency is the future of money, he should know, right? He and A LOT of other “big brains” in the world agree on this, money will be replaced with Cryptocurrency. I am absolutely sure this will be the case also, whether I like it or not I am sure it will be the case, it´s already happening.
Now think about this for a minute,
There is a $150 trillion demand for Cryptocurrency but only a $200 billion supply…
Think about that… If money will be replaced (like pretty much all smart investors think) then it means that it will have to be added A LOT more value to the Bitcoin but also other Cryptocurrencies… Wow…
We are only in the beginning and I really hope you understand that, if not you will be one of the (MANY) sorry ones who will regret for the rest of their lives they didn´t take advantage of the biggest opportunity in our lifetime… Because it really is… This kind of opportunity will never come again, at least not for us living now.
This short post will help you avoid the scams. Getting started in the right places. And also to understand that this “trend” is only the beginning. No matter how late you think you are in this game, we are still only in the first round, there is still time.
Cryptos Are Here To STAY – Development of our minds
Before we start I want to remind you of some human evolution trend that has applied to EVERY industry:
- First we relied on theism (the belief that a higher power will solve our problems, for example, if we got sick, or if we were going out to hunt)
- Later came humanism (a belief that other humans will solve our problems)
- Now, we have moved into data-ism (a belief that computers will solve our problems)
Think about this for a minute, am not saying that the former 2 isms still don´t exist, because they do but the overall development is obvious for anyone to see. Am also not saying that this is good, but it is what it is and people who thrive are people who quickly adapt and take advantage of our reality.
What does the above have to do with cryptocurrency? Well, the answer is pretty simple: IT IS A NATURAL EVOLUTION OF MONEY.
What´s the problem with “traditional” money (The fall of it has already begun) that cryptocurrency solves? It involves both room for human error and weakness and that is what WILL lead to its downfall.
Here is an example:
Michael wants to send money to Greg. A lot of things have to happen for this to be done. Michael tells his local bank. They tell the local reserve bank. They tell the Federal Reserve (who in silence tells the IRA). The Federal Reserve tells central bank of Greg’s country, who tells Greg’s local bank. Then finally, Greg can go to an ATM and take out the money.
What exactly happened here:
1: Six discrete steps occurred (with the possibility of human error at EVERY step). There were also costs for the transaction at EVERY step.
2: Michael and Greg lost all rights to privacy (Maybe it doesn´t matter to them that an nr of bureaus, like FBI, CIA, IRS, NSA, etc, are informed. But sometimes it does matter)
3: Human errors are not the only risk factor here, but humans control the value being sent here. Hidden fees (transaction costs) are part of every step of the system. Another thing, how much money is the federal reserve printing today? We simply have NO idea. They do not tell us how they create money without permission. As you probably know, the value is determined by supply and demand. What happens with the value of YOUR hard-earned money if people you don´t know and cannot trust are in complete control of deciding supply (and therefore value) without your knowledge or permission?
Bitcoin solves all of the problems above, that leads us to:
THE 5 MAIN PHILOSOPHIES OF CRYPTOCURRENCY
As you might now, with Bitcoin, there are thousands of copies of “the blockchain” running all over the world. Anyone who has a copy can do a full validation of the transactions in the full chain. Up until now, it was the central bank that validates the transactions. Now absolutely anyone on the network can have a copy too – and with the freedom to independently validate together. This creates no need for a central bank… but also no need for human involvement
You can see how this eliminates not only the need for a central bank — but also the need for human “links involvement” at all. Below you can look at the 5 main philosophies of cryptocurrency:
- Security: If Michael sends money to Greg, then Greg gets it.
- Decentralized: There are no geographic borders to the cryptocurrency.
- Anonymity: Nobody needs to know about your transaction.
- Forgery: This is really the same as the first point but in some situations slightly different: If Michael sends money to Greg and Greg sends money to Paul, Paul can trust that the money is not forged by someone along the way. There is no “duplicate money.”
- Controlled supply: It should always be known by every party how much supply exists and under what conditions supply would stop and, in (most likely) every case if supply has a maximum. For example, the max nr of bitcoins that will ever be mined is 21 million bitcoins.
Ok, I think the point has been made pretty clear on the future prediction here, Bitcoin and cryptos, in general, are here to stay and we are still in the early stages of the “boom” so you still got time to make a great profit here. Just stay away from the MANY scams and you will be fine. Pleases do NOT invest more than you can afford to lose whether it is buying and holding, trading or mining, or why not do all 3?
You are a smart person and you probably already understand that cryptos come with a great opportunity. Am sure you will do what feels right for you and also that you will do it very well!
No matter what you plan to do and also no matter what stage in your crypto journey you are you will benefit a lot from having a community of people who are interested in the same as you. There are very good options out there for you, probably the absolute best place I can recommend is the Cryptocurrency Alliance. There you got it all from A-Z. Step-by-step training, a community, support, weekly webinars on different topics, trading, mining, holding, and a lot more!
I hope you found this article on the Bitcoin Future Prediction to be helpful and interesting. If you got any question on this I will be more than happy to answer them in the comment section below. As always, be social and make sure to help others by spreading the word by sharing this using the share buttons below (Facebook, Twitter, etc)!
I wish you success!
Founder of: $tart Make $top Waste