BITCOIN - THE FUTURE TRUTH of the #BAYETTPARADOX

For 11 years the crypto space has gone bananas, so let me clear up for you what lies in the future for Bitcoin and ETH etc.?

The world as we know it has ENDED! Trump's "invisible enemy" is not what you all think, right? [1]

I personally warned everyone of this and nigh none listened; bar a few very smart individuals. This warning was clear but is outside the scope of this article.

This article is only for the purposes of clearing up the 'Ridiculousnesses' of those both Pro or Con for crypto currencies and specifically Bitcoin.

Cashless society is upon us - being 'forced' into process and protocol. Crypto currencies seems Their solution indeed, however nefarious this seems.

The problem however is appeasing and mitigating the stupidity around what the 'value' or 'price' of these cryptos will follow.

'Bitcoin will never go to USD20 000...50 000...500 000 or 5 million each.'

With a depression pending [where 90% of old [economic] concepts are obliterated from our reality] and a huge transformative transition is ushered in place vis a vis a new paradigm for energy, employment, new science, new mathematics, new medicine, new manufacturing, new economic systems and value and price systems, an omnipresent deflationary cycle will be prevalent. Everything dirty, everything insidious, everything false will be 'hyper-deflationary' - by this I imply all 'valueless and useless and nefarious earthly malfeasance will deflate in value and in demand and ultimately be rendered to zero'.

This includes the fact that as [paper] money disappears and crypto or digital currencies become accepted protocol, there will NOT BE ENOUGH MONEY or indeed enough World Capital TO flow into cryptos to constantly PUSH THE VALUE OF CRYPTO CURRENCIES HIGHER and HIGHER.

DO YOU UNDERSTAND THIS?

Moreover in fact, as crypto prices rise their [BITCOIN] value and utility FALLS proportionately faster to the new entrants, creating an immutable force to push the price DOWNwards and not incrementally higher.

Not many can understand this!

The value Elasticity of Bitcoin to price is inversely corelated.

The demand will be high, but the 'residual FIAT juice required' to push it higher will decrease inversely.

Bitcoin is a trading instrument, and ONLY the Greater Fool theory applies and bitcoin becomes an everlasting trading instrument - with constant rise and falls in a rangebound dynamic between 11000 and 3300.

Below 3300 bitcoin finds a trading range between 3300 and 830.

Below 830 bitcoin finds a rangebound dynamic of 830 and 330.

Below 330 it ranges between 33 and 330 USD.

Bitcoin price is inversely corelated to its value!

Much of the idiot theories on crypto currencies espoused by #HODLers and early adopters is 1. based on comparing the small market cap of crypto to the US or World wide FIAT monetary base, and 2. based on use case in future. Both will soon be very apparently irrelevant. The value of the world assets and economies in terms of FIAT is soon to be radically reduced. So radically reduced that it will defy belief. FIAT inflation was never about real value in the first place. It was always about Hyper inflation. This implies that when the dust settles on this Covid farce, and the world tries to 'return to normalcy' many will realise the purging of Capitalist Falsities and the 'malfeasant' premise of Neo Classical Price and Value Theory will be laid bare.

As this price of Bitcoin rises, it's value and it's utility drops.

Bitcoin cannot and will not serve the function of money 'if it is priced in the millions'. Besides, what gives the early adopters the right to be enriched by having purchased a technology 'early on'? The world has suffered 2000 years of inflated money controllers.

There is no way this system will occur again.

The #BayettParadox will apply to Bitcoin price, and shall be as follows:

• "The lower the price of Bitcoin, indeed the higher will be the adoption / value for Bitcoin,
• but that this Bitcoin Price Theory Dynamic will constantly be accompanied by opposing forces, or described as - 'as high rates of adoption is sought; its value proposition thus moving to higher, will only be accompanied by a contrary and constantly increasing propensity to fall in terms of price, and vice versa',
• along the time curve towards a propensity to 'high' or 'full' adoption, or less as price rises or falls, Bitcoin will paradoxically be forced lower in price and devoid of speculation,
• finally as adoption rises in time, with numerous and certain false spikes occurring, Bitcoin price will be at or near marginal cost, or even below marginal cost 'such as moving towards zero', due to 'non essential [block] verification efficiencies materialising' from agreed 'truncation'.

I am of the opinion the #Bayettparadox will illustrate over time that the price to value inversion paradox will see Bitcoin fall below USD 3800, and even reach the 33 to 330 or 330 to 830 range, as adoption only increases at lower and lower prices and devoid of speculative profiteering."

Post Scripto -

When Bitcoin was 10 US cents it was alive and working. Many pundits believe BTC has a marginal cost of US3800. This is false in my opinion.

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This is an opinion..please trade or invest after doing your due diligence.

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[1] Newsjunkiepost.com

[2] https://thebiomedicalscientist.net/resources/reality-paradox