When I heard about Bitcoin, it was wonderful. Was like the freedom for the money and the power for the citizens.
Now I'm into this world of cryptocurencies full of scams, projects without any future, pumps and dumps and this kind of stuffs.
There are so many projects, most of these start like ICOs. I'm pretty sure most of the ICOs are scams, without future.
We are investing in this kind of thinks, but we are not really investors, we believe in projects that maybe in some years could be mainstream. For sure some of this projects could be mainstream, but no Bitcoin.
Bitcoin was the mother of the blockchain and cryptocurrencies. It is slow, expensive without captain with a divide community. I don't believe in project without captain because a boat without captain only have a destiny "go down".
Most of the people compare Bitcoin with Gold, calling it digital gold. The digital gold doesn't exist, it is a illusion. Nowadays Bitcoin is a trap for eager people dreaming become rich one day. But, what is the real value of it? Is known that the person of group called Sathoshi Nakamoto hold arround 5% of all the Bitcoins. If they decide to sell all their Bitcoin hold, the price probably would down to nothing.
The future of Bitcoin is a trap, full of forks, expensive fees, without captain. Most of the cryptocurrencies born after Bitcoin have better skills like anonymity, paid nodes and a final project.
Bitcoin doesn't have a final project, like could be Dash with "Evolution" the PayPal of cryptocurrencies, Ethereum with "smart contracts", Lisk with the "decentralisation of apps", Factom with the register of documents in the blockchain for companies, etc.
If someone bought Bitcoin for maybe 20$, someone think that is not smart sell now?
Most of us are investing in blockchain projects, but why no invest in project with focus on the future. Bitcoin is not the future of a freedom society, it was the mother of the blockchain technology, tanks for it, but we have the duty of put the money in something that could help the society to carry on!
If the network has 16 millions of Bitcoin how much coins could be sell for 6000$ for example if the price is on this level. Maybe only 0.5% could be sell for this price, another 1% maybe could be sell for 5000$ and so on. I'm sure one day any old big holder will sell a big quantity of these and it going to be a big crash. When? nobody know, but I don't going to pay 6000% for something without captain and with old big holders that don't want to use these. It don't have sense, pay this price for something that nobody want to use, it is a disaster for sure.
Nowadays Bitcoins is the garbage of the cryptocurrencies world, slow, expensive and with a value without sense. Full of people who one day will wake up made rich others by investing senseless.