Because the technology is INCREDIBLE. I have tried talking some sense into
@heisenburrr but he has put all his chips into the bitcoin basket. The reason I am not 100% sold on bitcoin is because the transfer and verification process is a little too slow for day to day interactions. In Online purchasing? Yeah I think Bitcoin can still be a valuable spending tool. It is VERY early and still way too early to even predict which is the "crypto" that will be around with high value. I myself hold several different "coins" because you just don't know what development is happening within particular groups. There could literally be some revolutionary tool in which speeds up the sending and verification process and add features to crush "bitcoin" completely. To make the early internet analogy...we are in the BBS phase of this shyt, we aren't even on AOL yet.
Can bitcoin fail? ABSOLUTELY, but it is currently the best bet in cryptocurrency. What I am a strong supporter of is the technology, not any single individual "coin". What you guys need to understand is that economies around the whole world are becoming unstable and much of it is due to governments and a select few who control a massive share of said "currency". Globalization is real and I have been trying to convince people that sending "bitcoin" or whatever cryptocurrency is worth a good amount is the thing to focus on at the moment, not shopping. This technology literally has the potential to make currencies acceptable worldwide and exchanged easily with little to no fees...that is mind boggling to me.
Imagine you have family that is struggling in a 3rd world country (like many immigrants in this country have) and have to send money weekly to support them. Sending "currency" in bitcoin can save you anywhere between $10-$30+ per transaction. It might not seem like much now, but add that shyt up over the course of a year and you are looking at anywhere from $520-$1,500+ saved in just FEES. Which would equate to a few months or hell even a year worth of rent/utilities/food in many poor countries. THAT is the power of the technology.
The reason I am saying to hold Bitcoin right now is because we haven't even had a massive push in terms of useability for the average consumer. Once the development teams come up with an intuitive way that makes it even EASIER for people to acquire and spend bitcoin? The market will react, demand will grow...price will rise. It's only natural, if
@heisenburrr is even paying attention anymore...he should diversify. Once Bitcoin inevitably climbs back up, he should spread the risk in case of a potential huge crash aftwards. I remember when people were buying Bitcoin @ $1,000 and I couldn't believe it. It is nowhere near worth that at the moment, but people react to things violently. Bitcoin and other cryptos will experience much volatility in the next 4-5 years until things finally start shaking themselves out.
Andreas Antonopoulos has acknowledged himself that Bitcoin can indeed fail, but it is the technology that you guys need to focus on, not "bitcoin". I am not sure how clear I can make it.