companies such as Apple, Microsoft, Google, Amazon, and the United Nations are all staunchly opposed to Bitcoin.
In time, Bitcoin can put many a bank under. No more credit card fees, bank accounts fees, or controlled interest rate schemes can flourish when we can provide our own banking services through choice.
On the plus side, the Internet software groups support Bitcoin strongly. The younger generation has adopted it as their own. Asia is betting on Bitcoin to preserve their hopes for increasing wealth while their central banks create massive inflation. Those wishing to keep funds from being confiscated will use Bitcoin (as the Cyprus event demonstrated).
Forces allied with Bitcoin are more widespread, determined, active, and clever than those opposed to Bitcoin. Bitcoin seems to be emerging victorious.
Predicting Prices For Bitcoins
Already, we’ve calculated a possible worth for $/BTC north of $80,000.00 based on the U.S. M2 value.
Including all the worlds’ currencies in that calculation will send that number up by 4 fold or more.
More important than the currency value of a BTC, is what the realizable value of one will be. We could, and probably will, have a currency regime change between now and 2139 when the last Bitcoins are mined. The question is what will we be able to buy with a Bitcoin, or a dollar for that matter?
The U.S. dollar will buy less of the critical goods over time, as has been the case ever since 1929. The value of a dollar has declined roughly 97% over that period. Bitcoins will move higher and lower, but will not experience a waterfall decline - unless attacked and stopped by governments or banks. Bitcoins will continue their market penetration, pushing aside inflated national currencies.
Expansion Markets For Bitcoins
There are many opportunities for Bitcoin entrepreneurs.
1. Bitcoin consulting for getting online and offline merchants integrated with Bitcoin appliances, pricing, out-conversion, marketing, and trading.
2. Developing and selling Bitcoin trading robots. This is a huge potential opportunity for those with the software skills for tackling the coding along with the trading chops for making the robot a profit winner.
3. Bitcoin financial transfer agents for converting from debit cards, credit cards, loans, gold, silver, local currencies, creating transfers, etc. The old guard institutions consider Bitcoin the enemy. This leaves an open window for those willing to get over the MSB hurdles.
4. Bitcoin network monitoring codes for alerting Bitcoin users of unusual activity across the network. This would be similar to the stock market where futures indicate the direction of the market before it opens. With this service, Bitcoin users could be alerted to when there is a market rocking event and make decisions accordingly.
5. Bitcoin advertising network. One of the biggest issues for Bitcoin is that businesses cannot easily use it for buying business services. An advertising network suited for Bitcoin clients will absorb the Bitcoin flow from online merchants. Google refuses to convert to Bitcoin, so another avenue is needed.
Bitcoin seems to be here to stay. Frequent updates for trading and Bitcoin events can be found at:
http://www.financialsurvivalcenter.com
Sign up for the newsletter and follow @financialsurvvl on Twitter for frequent trading tips, risk warning, and investment strategies about Bitcoin and alternative investments.
One of the most active forums for Bitcoin: https://bitcointalk.org
To a future of Bitcoins…and freedom.
Your Bitcoin Guides,
Mark D. Solomon & Daniel Forrester
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