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RE: Bitcoin Sell Signal -- Jim Kramer Says Buy ---Time to Sell Move into other coins! Fake News Herding the Sheep into $2800 bitcoin after major price spike
I think bitcoin will be a digital asset like a rare painting or gold bar. As the velocity of money regarding bitcoin slows due to transferability of competing currencies I think it will lose the premium it now enjoys and trade based on supply and demand fundamentals only meaning that it will plateau and hold value relative to inflation only. The only thing keeping bitcoin alive now is that it is universally excepted and other coins are priced in bitcoin. That could quickly change within a few years.
I jusst think it will leave the realm of accessible to the normal person soon. Just like wire transfers today. It could take a day and cost 10$ and its still much cheaper and faster than a wire transfer. So it is doing what it needs to. I think we will see an implementation of a trade capability between say litecoin and bitcoin that adds a single layer for cheaper transactions to a coin that is more currency available. Thatss my speculation.