What will stop bitcoin's price from going up? I just keep thinking that other than new laws or something getting hacked there is no reason for the price to not just keep creeping up.
Bitcoin Gets Close to $5,000
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Re: Bitcoin Gets Close to $5,000
#12Bitcoin have no real world use case
That depends om where in the world you live.
Re: Bitcoin Gets Close to $5,000
#13Bitcoin have no real world use case
Bitcoin does seem to be the best payment technology for online illegal transactions. Albeit, one could argue those shouldn't be 'real' in the first place.
Re: Bitcoin Gets Close to $5,000
#14It's kinda cool to be living in a tulip era like this. I wish there was some way I could make a long term bet against the the price of bitcoin, say it's price 10 years from now. Of course, this is impossible. If there is anything we have learned, and I can demonstrate that I predicted 5 years ago, it's that the definition of bitcoin is infinitely divisible. I could claim a bitcoin fork in 2027 is the true bitcoin, an…
I've been into Bitcoin since 2011, and it's interesting that people are still making tulip comparisons 6 years later. Tulip mania itself only lasted about 9 months. I wonder how long Bitcoin will have to hold out before the tulip argument could no longer be made.
Probably when it is used mainly as actual currency, not for speculation or black market exchanges and laundering.
Re: Bitcoin Gets Close to $5,000
#15It's kinda cool to be living in a tulip era like this. I wish there was some way I could make a long term bet against the the price of bitcoin, say it's price 10 years from now. Of course, this is impossible. If there is anything we have learned, and I can demonstrate that I predicted 5 years ago, it's that the definition of bitcoin is infinitely divisible. I could claim a bitcoin fork in 2027 is the true bitcoin, an…
I've been into Bitcoin since 2011, and it's interesting that people are still making tulip comparisons 6 years later. Tulip mania itself only lasted about 9 months. I wonder how long Bitcoin will have to hold out before the tulip argument could no longer be made.
> I wonder how long Bitcoin will have to hold out before the tulip argument could no longer be made.
Until the end of the infrastructure phase at least. A lot of folks are going to get hauled off the prison, which will create new opportunities to challenge the dominant existing players. At this point the value being ascribed to the different blockchain assets is pretty arbitrary.
Re: Bitcoin Gets Close to $5,000
#16What will stop bitcoin's price from going up? I just keep thinking that other than new laws or something getting hacked there is no reason for the price to not just keep creeping up.
This kind of thinking is what leads to tulip bubbles. BTC has real value, but either BTC is the one asset in history which has no ceiling, or it will reach it eventually. The question is, when?
Re: Bitcoin Gets Close to $5,000
#17The growth curve looks like a hockey stick... can’t be trusted of course, certainly not any more than cash.
Re: Bitcoin Gets Close to $5,000
#18I think I had a coin once in a wallet long since deleted. What I could do with 5k now.
Re: Bitcoin Gets Close to $5,000
#19Re: Bitcoin Gets Close to $5,000
#20It's kinda cool to be living in a tulip era like this. I wish there was some way I could make a long term bet against the the price of bitcoin, say it's price 10 years from now. Of course, this is impossible. If there is anything we have learned, and I can demonstrate that I predicted 5 years ago, it's that the definition of bitcoin is infinitely divisible. I could claim a bitcoin fork in 2027 is the true bitcoin, an…
can we please have a bitcoin thread that doesn't mention the stupid tulips