# Future of Bitcoin **URL:** \ **Category:** Investing / Cryptocurrencies\ **Created:** [April 26, 2020, 10:18am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750 "2020-04-26T10:18:47Z")\ **Posts on this page:** 20\ **Page:** 5
**Author:** ![stojano](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/stojano/32/4182_2.png) [@stojano](https://forum.mustachianpost.com/u/stojano)\ **Post date:** [December 17, 2020, 12:12am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/83 "2020-12-17T00:12:14Z")
Damn… the only issue I have now with the crypto is: I have to adapt my strategy every few hours. Yesterday morning: max. 20% crypto. One day later is already max. 30%. 😃 But I really like such challenges. 😉 ---
**Author:** ![Dago](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dago/32/46_2.png) [@Dago](https://forum.mustachianpost.com/u/Dago)\ **Post date:** [December 17, 2020, 9:52am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/84 "2020-12-17T09:52:14Z")
I know that you are probably joking but let me remind everyone that a strategy must not be adapted without good reasons. In particular, volatile times are not times to adapt a strategy. Stay the course. ---
**Author:** ![San\_Francisco](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/s/ea5d25/32.png) [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)\ **Post date:** [December 17, 2020, 11:05am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/85 "2020-12-17T11:05:15Z")
Well, the share of crypto in his portfolio might have surpassed 20% and 30% without him doing anything - merely by an increase in value. Should you sell a part - or just passively keep these gains? ---
**Author:** ![Bojack](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/bojack/32/281_2.png) [@Bojack](https://forum.mustachianpost.com/u/Bojack)\ **Post date:** [December 17, 2020, 11:27am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/86 "2020-12-17T11:27:30Z")
If your plan is to have a stable asset allocation, then it is only logical that you should rebalance. On the other hand, if your plan was to invest a lump sum into crypto and just let it ride, then I would not rebalance, unless you’ve decided that you want to realize your capital gains. I think there is no right answer. ---
**Author:** ![stojano](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/stojano/32/4182_2.png) [@stojano](https://forum.mustachianpost.com/u/stojano)\ **Post date:** [December 17, 2020, 1:56pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/87 "2020-12-17T13:56:57Z")
I’m hodling. Will let it grow. Don’t want to sell. (I did that stupid thing back in 2013, sold several btc for 300$ each, which I bought for 10 USD or even mined in the early days. Yes it was a gain, but I missed a lot). I will still dedicate 20% of the monthly investments in crypto, so no change for me. It’s just crazy how quickly the portfolio shifts to such high percentages (and back down). ---
**Author:** ![MrCheese](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/mrcheese/32/2500_2.png) [@MrCheese](https://forum.mustachianpost.com/u/MrCheese)\ **Post date:** [December 17, 2020, 10:06pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/88 "2020-12-17T22:06:11Z")
> [@stojano](#): > > I did that stupid thing back in 2013, sold several btc for 300$ each, which I bought for 10 USD or even mined in the early days. Yes it was a gain, but I missed a lot I feel you, I sold 10 BTC for a total of 10k CHF in 2016… I bought them at 50 USD each but still would be a lot of money today. ---
**Author:** ![Julianek](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/julianek/32/251_2.png) [@Julianek](https://forum.mustachianpost.com/u/Julianek)\ **Post date:** [January 17, 2021, 11:08am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/89 "2021-01-17T11:08:07Z")
To the crypto-experts, here is a [very interesting article](https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3) about the recent BTC run (in addition it is full of Sankey diagrams, so @MrCheese will love it!). The thesis of the article is that the majority of bull run has been fueled by the issuance of Tethers, which might be a fraudulent currency scheme. I am no expert at all in crypto, so I’d be interested to have your opinion: is Tether really a scam? or is the article a scam? Or the truth is somewhere in between? ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [January 17, 2021, 11:48am UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/90 "2021-01-17T11:48:40Z")
> [@Julianek](#): > > I am no expert at all in crypto, so I’d be interested to have your opinion: is Tether really a scam? or is the article a scam? Or the truth is somewhere in between? Why wouldn’t USDT publish an audit of their USD reserves? (what’s the point of a stablecoin if you don’t and why would you trust the coin?) - because the reserves are not complete - because they’d lose even more access to the banking system as banks drop them as a result if they had been misleading the banks (I’m supposing USDT isn’t making much effort to be compliant with the US financial regulation, so banks won’t be happy to have them as client) My bet is a bit of both 🙂 ---
**Author:** ![MrCheese](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/mrcheese/32/2500_2.png) [@MrCheese](https://forum.mustachianpost.com/u/MrCheese)\ **Post date:** [January 17, 2021, 12:33pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/91 "2021-01-17T12:33:29Z")
I have no doubt that Tethers are not fully backed by USD, they are some fiat currency as much as the US Dollar. and it’s kind of ok, since it’s easier to send around than regular Dollars. ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [January 17, 2021, 12:34pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/92 "2021-01-17T12:34:58Z")
> [@MrCheese](#): > > they are some fiat currency as much as the US Dollar. and it’s kind of ok, since it’s easier to send around than regular Dollars So that justifies the 1:1 supposed equivalency? Isn’t it usually the reverse (that dirty money trades at a discount)? ---
**Author:** ![MrCheese](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/mrcheese/32/2500_2.png) [@MrCheese](https://forum.mustachianpost.com/u/MrCheese)\ **Post date:** [January 17, 2021, 1:09pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/93 "2021-01-17T13:09:17Z")
A stable coin by definition should be stable against some other coin/currency. Tether is the liquidity provider and market maker… ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [January 17, 2021, 1:16pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/94 "2021-01-17T13:16:17Z")
But how does that work if they don’t have the USD reserve? ---
**Author:** ![Zerte2](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/zerte2/32/2870_2.png) [@Zerte2](https://forum.mustachianpost.com/u/Zerte2)\ **Post date:** [January 17, 2021, 3:07pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/95 "2021-01-17T15:07:13Z")
Here is another article that may answer your question: > **[Tether's U.S. Dollar Peg Is No Longer Credible](https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/)** > > Tether, the issuer of the foremost "stablecoin" in the cryptocurrency world, admits it doesn't have enough actual dollars in reserve to meet all claims. A few excerpts: > Tether has become an unregulated fractional reserve bank. > Remarkably, though, crypto markets still believe Tether’s guarantee. Perhaps crypto enthusiasts should read up on the fate of [Reserve Primary Fund](https://www.investopedia.com/articles/economics/09/money-market-reserve-fund-meltdown.asp) in 2008. Or perhaps Venezuela. After all, an **exchange rate peg only holds until the reserves run out** … ---
**Author:** ![stojano](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/stojano/32/4182_2.png) [@stojano](https://forum.mustachianpost.com/u/stojano)\ **Post date:** [January 17, 2021, 5:25pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/96 "2021-01-17T17:25:32Z")
I never understood the function of Theter. I just ignored it and until now it went well for me so far. ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [January 17, 2021, 5:33pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/97 "2021-01-17T17:33:19Z")
> [@stojano](#): > > I just ignored it and until now it went well for me so far. Might not be the best strategy, assuming the numbers are true and it makes up most of the BTC trading inflow 🙂 (it would obviously go well until it doesn’t and people lose trust and go for the exits) ---
**Author:** ![stojano](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/stojano/32/4182_2.png) [@stojano](https://forum.mustachianpost.com/u/stojano)\ **Post date:** [January 17, 2021, 5:59pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/98 "2021-01-17T17:59:00Z")
> [@nabalzbhf](#): > > Might not be the best strategy In mid-term or so… In the long run who cares. I’m long on everything… just buy and hold. Everything is so focused on US. But there is a world beside US and USD. e.g. I have not sold any of the XRP. Let say it that way: my two 10yrs candles are fat green. ---
**Author:** ![Oliv](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/o/45deac/32.png) [@Oliv](https://forum.mustachianpost.com/u/Oliv)\ **Post date:** [January 17, 2021, 6:23pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/99 "2021-01-17T18:23:04Z")
The fear around Tether impacting Bitcoin price is absurd. Tether is only a fraction of Bitcoin, and saying it has an impact is simply disregarding the btc fundamentals and the current institutional involvement. That being said, there are better stablecoins than Tether that you should use, I personally recommend DAI which is open, decentralized and audited. ---
**Author:** ![SwissTeslaBull](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/swissteslabull/32/4479_2.png) [@SwissTeslaBull](https://forum.mustachianpost.com/u/SwissTeslaBull)\ **Post date:** [January 17, 2021, 6:26pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/100 "2021-01-17T18:26:55Z")
Did you read the Bullish Case for Bitcoin? [https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1](https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1) Means that in Level 4 of adoption, **Unit of account** , we are going to use Bitcoin as major payment method. On this website you can check what some daily use goods would cost in this world. How realistic is that? ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [January 17, 2021, 7:04pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/101 "2021-01-17T19:04:41Z")
> [@Oliv](#): > > The fear around Tether impacting Bitcoin price is absurd. Tether is only a fraction of Bitcoin, and saying it has an impact is simply disregarding the btc fundamentals and the current institutional involvement. Why wouldn’t it have an impact, if most of the trades are linked to it? (I don’t know that’s actually true, but that’s what some people claim). The market cap doesn’t matter just the float/people willing to trade. The price just measures how it _currently_ clears whether it’s a fraction or not of the market cap doesn’t matter, what matters is which fraction of in/out flows. (Unless you’re saying there’s lots of people on the sideline willing to defend the price which seems unlikely) ---
**Author:** ![nabalzbhf](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nabalzbhf/32/3277_2.png) [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)\ **Post date:** [January 17, 2021, 7:12pm UTC](https://forum.mustachianpost.com/t/future-of-bitcoin/3750/102 "2021-01-17T19:12:50Z")
> [@SwissTeslaBull](#): > > Means that in Level 4 of adoption, **Unit of account** , we are going to use Bitcoin as major payment method. On this website you can check what some daily use goods would cost in this world. How realistic is that? Not very, I thought most bitcoin proponents had kinda dropped the medium of exchange part to mostly focus on store of value. There’s still a lot of advancement needed to make it usable as a payment system, at the moment it’s closer to a settlement system (4 to 7 transaction per seconds). [Previous page](https://forum.mustachianpost.com/t/future-of-bitcoin/3750.md?page=4) [Next page](https://forum.mustachianpost.com/t/future-of-bitcoin/3750.md?page=6)