Premium3 768x90
View RSS Feed

FXstreet

Bitcoin Maximalists' Impossible Dream

Rate this Entry
by , 01-01-2019 at 01:35 PM (133 Views)
          
   
Bitcoin maximalists never give up. Bitcoin’s price has crashed from over $19,000 a year ago to under $4,000 today, and there are no signs that the price is going to rise again any time soon. But maximalists don’t care. They are in this for the long haul. Their belief? Eventually, Bitcoin will replace all government-issued money. So all they have to do is HODL on to large amounts of the future world currency, and they will become the next generation of fantastically rich elites. Or so they think.

Name:  btcusd-w1-fx-choice-limited.png
Views: 8
Size:  29.5 KB

So what would replace government-issued currency is not exactly clear. However, most Bitcoin maximalists are supporters of the version of Bitcoin that remained after the first hard fork, now known as Bitcoin Core or simply “Bitcoin” (BTC). It is also sometimes called “digital gold.” It is this version that maximalists believe will become the base unit of account for a new worldwide payments system which will eventually replace all government-issued currencies.

more...

Submit "Bitcoin Maximalists' Impossible Dream" to Google Submit "Bitcoin Maximalists' Impossible Dream" to del.icio.us Submit "Bitcoin Maximalists' Impossible Dream" to Digg Submit "Bitcoin Maximalists' Impossible Dream" to StumbleUpon Submit "Bitcoin Maximalists' Impossible Dream" to reddit

Comments