It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History

Just wanted to point out and you probably already know, Bitcoin is a global currency. It can be bought by many different currencies, it's not limited to the dollar. If the dollar crashes the value will drop,sure, but I don't think it will end Bitcoin. There's too much money other than the dollar invested.

Also trillions of dollars are "missing/stolen" from the US system at the government level. Who knows how much is actually missing. Theft is bound to happen in any system. If people would have taken their Bitcoin off of exchanges and secured them in their own wallets this would have never happened. It's not a flaw in Bitcoin,it's a flaw in humans trusting someone else to hold their coins. Just like the current banking system. Look at Cypress a few years ago. They took 6-10% from every savings account in the country to pay off debt. Can't happen with Bitcoin unless you don't secure your coins properly.

Lastly, printing dollars 24/7 isn't sustainable. Inflation is guaranteed and is 2%/year now. Hyper inflation is possible. Bitcoin is designed to create demand (21 million maximum coins) and increase in value long term. I prefer that.

But differences in opinion are fine and not investing in it is fine too. To each their own, good luck.

/r/conspiracy Thread Parent Link - zerohedge.com