The more people that get into crypto, and the more solid money transfer options there are (the next better Bitcoin, etc), people will start buying more and more... but there aren't more coins.

So anyone who has adopted early is rewarded by acting as a multiplier. The more people that taste this, taste the free trading, the feeless transfers, the investment and purchasing opportunities without having to pay banks to convert CAD to USD to EU, etc... this gets adopted more and more.

Sure early adopters will "moon" and they'll cash out (partly, entirely, whatever), and we will get a "bubble pop", but the people buying in are still gaining value. The people that are losing out aren't the new people into crypto, it's the people watching on the sidelines as their fiat slowly becomes worth less and less. This hasn't even happened yet, and may not happen for even a few years or more. There may be a series of bubbles, but each one recovers at a higher floor than the last. This is natural as people take profits, but once Joe Busdriver and Sally Hairdresser realize this thing isn't a Ponzi scheme, then the war is won.

Institutional money is already thinking of hedging against crypto, they've been doing it for years. But they are just sitting watching, shaking in their boots. I know, my father works in the top 1% of a large bank. They talk about it. It's a fact. And they are scared shitless.

Fiat is a sinking ship (in a LONG term vision). Do you think we'll be using Fiat in 100 years? 200 years? Not a chance.

Think of Fiat vs Crypto as two Titanics next to eachother, but Fiat has a hole in the hull. It's slowly sinking, but at some point the stress on the hull is too much and it just fractures and sinks. At that point, the rats jump off the ship and buy very few "bitcoins" with their deflated Fiat.

THOSE are the true losers in this situation, and I don't mean to downplay it, that's going to be scary as hell.

I personally think those people will be lower middle class people in STABLE countries. Unstable countries currencies will be the first to fall, as those citizens move their money into something more stable than the Argentinian dollar (for example). The Argentinian farmer who is FUCKING SICK of getting paid $100 worth of money, only to find out at the end of the year he only made $50 because his government needed to print a shitload to stay afloat. That guy? He now gets paid $100 and immediately converts it to a stable commodity.

You and I compare "unstable" crypto to "stable" fiat, but what does that guy do? He compares "Unstable but inflating" crypto to "extremely unstable and always always always deflating" fiat. Which way do you think all that money goes, in the long term?

The stable countries still have a relatively stable Fiat, and many people in these countries still think this is a Ponzi scheme. It's also extremely heavily demographics based, and those people... guess what, they are getting older. How does that demographic issue look in 30 years? You still think people will swear by Fiat, gold and silver when they've made thousands and thousands in solid stable crypto?

So these uninformed people in stable countries, they hold stuff like Gold and Silver, or even fiat cash under their bed. That's if they can even afford to hold that much. They certainly don't have money to throw into a "Ponzi scheme" like crypto.

They will be the ones that lose the most, when they go try to buy crypto with their failing USD and can't even trade 100 USD for a cheeseburger worth of crypto, and Bob's Burgers doesn't accept junky unstable deflationary Fiat anymore, it's only stable crypto payments allowed.

THOSE are the people that lose out. Not us, not even people joining in 2019. It's people joining in 2025, 2030, etc.

(http://www.autoadmit.com/thread.php?thread_id=3848627&forum_id=7#35074847)

fiat will be #1 in our lifetime IMO

(http://www.autoadmit.com/thread.php?thread_id=3848627&forum_id=7#35074858)

These guys also think the us federal government would sit idly by as some neckbeard contraption challenges the usd as the world reserve currency.

God the fact that I hate these people so much makes my crypto gains feel 10x better

(http://www.autoadmit.com/thread.php?thread_id=3848627&forum_id=7#35074954)