Bitcoin will Always Be Cheap
A short explanation of what that means is; that having looked at what benefits Bitcoin has brought to the financial sector, I'm afraid that even at $1 million each, it's still a cheap price. I feel this post might talk a bit more about the broader crypto ecosystem than it will single out a bitcoin conversation, and the reason is that it's a mirror system, exchanging its merits across all networks. When I say $1 million, there are a lot of things to consider, this is a currency with a declining value over the years, as we have seen, it has far adopted a trading pattern that leads downhill, so then, let's say you sell one BTC today for $1 million, only to discover that it wasn't a fair value as your $1 million becomes $700k perhaps, in today's valuation 10 years later, a matter of fact is, there's never really a fair price when it comes to Bitcoin because every position it trades is cheap by default, 1 BTC is worth 1 BTC. This is something that's really not easy to grasp, especially if you're new to this system, however, as time goes by, we begin to understand what the true meaning of value is, and then see how traditional finance has really messed up structures. This is where things get a little bit tricky, but not so complicated. Literally, everything in the world today is cheap because the underlying currency of valuation is a hot mess, a big fat joke. Look at it this way, oftentimes when we price goods, we first weigh its utility, but why have we never weighed the utility of fiat currencies? When it's by far comparison the largest scam with little to zero development structures? Funny enough, this remains the only life-line the dollar has, utility(under which it's the most generally accepted currency), but regardless, it still falls under the category of a hot mess, the same old system cannot have any different breed, it's all manipulation in that industry. Back to pricing, utility plays an important role in valuation, this is why building an ever-developing economy is the ideal way to go, specifically why crypto will make a huge impact. We can say trust is a natural backing, but before trust lies some attributes, these are the utilities that put anything into an expansive asset class. For clarification purposes, most cryptocurrencies will always be cheap, provided the utility is ever-expanding, the effects of developments are quite limitless. That said, Bitcoin would represent one of the strongest asset classes the world has ever seen. We're talking about a currency many will not be willing to sell, why? Because of the technology built around it. One of the most secure crypto networks today is Bitcoin, the largest by market size is still Bitcoin, and the most scarce digital asset with quite a number of market participants is still Bitcoin, all these embodied attributes grant it some amount of supremacy, and with that I say; Bitcoin Will Always Be Cheap… Posted Using LeoFinance Beta
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What about physical assets, good Sir?
Following this, why would Bitcoin forever be cheap?