Recently I have been getting a lot of questions about the future of bitcoins and what I think of their potential as a viable alternative to traditional currencies. Some people are very fearful of this because they are worried that it could hurt the economy badly. Others are worried that it will not have anywhere near the success that people think it can have. My intention in this article is to give you an analysis of my views on this subject. Hopefully, it will help you make a more informed decision about whether or not you should get involved with the future of bitcoins.
The first issue that people need to understand is this. In the world today, banks are consolidating their power. While that does not mean that the people have less energy, the fact that large banks control much of the money supply means that many people are not able to spend their money as they would like. Naturally, there is a great deal of worry about this happening, but it will merely be the first wave of the Inevitable Collapse of the banking system if it does.
Two things can happen. First, the government may decide to nationalize the money supply and centralize the banks, creating a monopoly. This would cause hyperinflation, in which case everyone would be worse off, including yourself. Second, there might be civil unrest and revolution, causing a run on the banks and the currency. However, this is highly unlikely. I feel that a healthy economy needs a healthy economy in which taxes are collected, wealth is distributed, and people can buy goods and services that they want at whatever price they can afford.
The other topic that people have been discussing is whether there will ever be another run on the banks. Many believe this will happen, but I don’t think this is necessarily true. I think there has been plenty of evidence lately that the banking system is very robust, and if anything should change, it would only be for the better. I think it would be bad if something happened because the economy would fall back into recession.
So, in the end, what is your opinion? What do you think will happen? Will bitcoins rise again? Or will it be history? Well, I believe that it won’t be, at least not as we know it.
I use the analogy of a house. If you bought it when it was brand new and everything was going great, then naturally, it would probably last a long time. But, if you let it go after a few years and got rid of the main problem, then you might have questions. That’s basically what’s happening now with the value of the dollar.
You see, there’s only so much a house can withstand before it collapses. When it starts to deteriorate, it’s time to tear it down. The value of it has been going down steadily for the last couple of years, and it is nearing its Collapse. If you let it continue to deteriorate, you’re wasting your money. It will either be sold or lost.
In conclusion, a breakthrough is near. Something big is on the horizon. Stay tuned. There’s going to be a lot more articles on my website about this topic.
Here’s something else you should know. I have this information, and I don’t think anyone else does. There are multiple ways to secure private transactions on the Internet. There is only one major problem, and that is identity theft.
You see, hackers have learned how to steal passwords and other personal information from wallets and accounts. What’s even worse is they can get into your bank accounts and start draining your cash. If you let that happen, you’ll be bankrupted. And if you make a mistake and use the same password on different accounts, you’ll end up in legal trouble.
This is why I suggest using an offline paper wallet. One of these is called “Wirex.” If you do a search for it on Google, you’ll find out why. It’s a safe way to make secure transactions without leaving your computer.