We are probably only a month away now from Bitcoin Block rewards halving. Now I can't tell you exactly what that will mean for us financially in the end, I can only surmise.
But it seems to me that if you have a (we'll call it commodity) that has increasing use, increasing awareness and (literally) millions being invested in taking it further and further and building more opportunities to use it, then the chances are that the commodity will continue to increase in value.
Add to that a fact called halving. This means that come the discovery of Bitcoin Block number 240,000, the reward for finding the blocks thereafter will halve from 25 Bitcoins to 12.5 Bitcoins.
But then this gives Bitcoin build in anti-inflation and scarcity (scarcity in a good way). Demand is already pushing ahead of supply and when halving comes, reduced supply will create more demand and thus, I believe, the value has to continue to increase.
I think that $700 per Bitcoin is nothing. I can see it hitting $2,000 or $3,000 over time. And one of the great things about Bitcoin as a currency is that it divides down to multiple decimal places (the smallest part of a Bitcoin being affectionately called a Satoshi).
So even at $3,000 in value, you will be able to break a Bitcoin down small enough to buy a 2 pence chew.
Some people actually see all this as a negative. These people are the glass half empty types who see scarcity as a bad thing. They assume that if there is less to go around that means that they get less. These are the same people who think there is a limit to wealth and one day the money will run out for everyone. Who knows, maybe they are right but I think the impact of bankrupted Government coffers will hit us first.
The evidence speaks for itself already. I have seen Bitcoin, since I joined Bitclub, rise from $250 to nearly $700 and that is without halving. Why would the value stop increasing when half the amount is being produced? Think gold and how controlled scarcity has acted on its value.
I, on the other hand, fall into the glass half full brigade and I see abundance and opportunity. I see no end to the opportunity to create a better life and more weath. Am I greedy? No. I also understand that you have to work hard to succeed and I am very willing to do so and I, like everyone else on the planet, either put myself to work or I put what money I have to work because I never stop thinking about the future.
By the way, I have experienced some very hard times along the way where I really wondered how I was going to feed myself and my family and where I was going to live. So I know about the bad times as well as the good, just in case you thought I had it all easy.
Opportunities to do something positive about your financial future that does not require simply exchanging more hours and more sweat for more pay do not come along too often.
Right now, we are accelerating into the heart of the Age of the Internet where everywhere you look you will find such opportunities providing you know what you are looking for and providing you understand that we must take risks to grow and win.
Yes there are always risks, yes you will get your fingers burnt with some of them. And yes there are some really bad people out there. I have personally invested in around 12 or so online businesses and opportunities over the last two years and at least 4 of those, so far, have crashed and burned and a fifth may well be going that way soon but I have made enough from the others to easily compensate and some.
Bitclub Network is the best of those I have seen and still it is seen by the majority who look as dangerous and speculative. I think that any business can eventually fail and maybe in the longer run even this one may but right now I only see it getting better.
I understand why something new and strange can often be a little scary. Sometimes it takes a whole mind-set change to make something work.
I also understand how the feeling of being responsible (even if you were not in truth) for a decision that another made can come back to haunt us but, if you think about it, even without being aware you can be influencing the decisions of people around you all of the time, especially, of course, if you have a family.
In this day and age, if you haven't got what you need yet and you do not have the rest of your life covered financially, then you need to act to change that.
There are no obvious, safe havens I can see any more. I can only tell you that if I do not understand something and I can see good reasons to understand it I will learn about it.
I will study until I get to know it better. I will take risks knowing that in a lot of cases, the rewards WILL follow.
|