Thread: Money Bitcoin Take?
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Old 01-03-2018, 04:19 PM   #1111
Taco John Taco John is offline
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Quote:
Originally Posted by Billy Bitcoin View Post
...which would mean all of crypto would have to get to about $10T marketcap

Gold is at about $8T

If this happens - sell, sell, sell because the whole ****ing thing will collapse.

I don't think so man. I'm not saying that there isn't potential for things to collapse. I expect Bitcoin to collapse. Ripple, on the other hand, exists because of the value it offers banks. The protocol behind the coin has more value than the coin, saving the banks money and time. The same will be said for other cryptos when they start becoming integral parts of business operations. There will be an equilibrium achieved because when the coin goes down in price, it will only be more profitable for the businesses using them as part of their supply chain. Blockchain technology isn't going away, and neither will many of the coins that it supports.
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