18/01/2023
i think all other will short live and will not affect world finance much but how will will end. i think it will be interesting to imagine. i read some noble/equalant professor has predicted that its price will keep up down due to greed. As soon as its price fall below some level, those who had purchase at very high price will try to average and due to limited supply it will again jump and this thing will keep on going up and down but what will trigger permanent end of ? most possible scenario as per my opinion is
scenario a: First step will be supercomputing will mine last , then some super hacker will stole very big qty of bitcoin from some large crypto exchange, now that crypto heist would surely have some insider involved and so some developed country will ban that exchange.this will trigger price fall at unprecedented speed which will lead to unserved margin call which will lead to bankruptcy of many financial institute and crypto exchanges. this will again bring more government intervention. The biggest problem faced by government is big secret: Government problem is they can not come and announce in democratic country that priced 20k usd can not be traded from tomorrow. imagine if that price fall to 100 usd then ? then government can bailout by paying 100 usd or permanantly ban it as in that case government has not looted 20k usd but only 100 usd. government is waiting for that big crash wherein market cap will reduced to level where government can bail it out or ban it think i found how what will be end point of dooms dayof . Now lets find some other scenario which can lead to such huge price fall scenario b: here again i want all mining completed because people start believing that mining is something real and not story so its difficult that story end before ends. as such bitcoin is traded worldwide, one country say government announce that they donot want their citizen to go bankrupt and so pass law that indian citizen can not hold and give time of 3 month to liquidate them, now what will be result, it may decrease price of bitcoin by 5-20% but it will give message to other country that they can save their citizen if they ban crypto before other country ban it and so in that way can save billions of dollar of that country's citizen. If you do simple maths, china ban bitcoin in sept-21 when it was priced 40k+ usd so in that way saved 500 billion $ of Chinese people. so this will start race amongst other countries to ban before other country ban it and it will be day. i think this can be most possible scenario in world as all central bank oppose and but government donot act due to public outrage threat but like china, any country with strong majority government will surely ban it before other country and india can be first
scenario c: people has gambling instinct which fuel the development of like . that gambling instinct donot stick to one game and so as soon as some new game come into market and due to government backed digital money introduction, price movement in crypto will be massively reduced. The characteristic of people investing in are similar to gambler so as soon as price movement decrease, they start dumping and it will start one sided slope of price and once people become hopeless, it will doom. however this scenario has one limitation, it will not lead it to zero and it will keep trading at 1 to 100 usd rate and unless government intervention made as discussed in scenario a or b, it will keep floating and it will be start of some new ZCOIN replacing now this give me thought of d.Scenario d: i think science will solve storage problem of electricity so it may be strong competitor to fiat currency and this will be dooms day of . people can store electricity in some physical coin which will derive its price from electricity price. it can be or any other radio active mineral which can be converted into energy safely at any place and even in your car or in your kitchen grinder. i think it will be better competitor to fiat currency rather than imaginary monkey jpg or like video game points one of the reason why this has still not banned is unawareness amongst people at large and laziness amongst scholar. They will come on road for religious, privacy, woman right, environment issue but will keep checking price of their while in that rally. government donot understand that you can not allow collective fraud to be taken place in world when u can not identify real fraudster. Its breach of social contract on which base this society is standing. the scheme which is fraud when done by some individual can not be consider legitimate when done by unknown and follower (Now Giant Crypto Exchange like ) keep duping millions of new investors or name of fancy philosophy and revenge against government. i think it is ridiculous to misuse saddist thinking of people who do not have chance to win race of wealth in current rule, so create coin like and dupe millions of people to believe that as real world sell them video coin point for billions of $
