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1 Bitcoin Worth 10 USD

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Re: 1 Bitcoin Worth 10 USD

#11

Post by polshaw »

btdd wrote: post #8
pizza wrote: post #4

This won't last; is a bitcoin at least as valuable as 10 USD for people who use BTC?

SERIOUSLY, WHAT THE FUCK ARE YOU EVEN SAYING? Who are you to make a claim as to if it will last or if it won't or how valuable bitcoins are. >This won't last We have no evidence to the contrary, and in fact, bitcoin being a deflationary currency by definition means it will likely increase in value and, what's more, if you look at the trend it has been increasing in value. If you were to use a single shred of logic th…

>We have no evidence to the contrary

except the previous mega-crash.

>bitcoin being a deflationary

uh, no, it's not yet. Masses of new bitcoins are being created every day. That is inflationary (and much more so than USD).

@greg_bt: it matters little how you frame it, but the supply of bitcoins is increasing. It will gradually reduce and stop, all of which is predetermined, yes. Today it is inflationary (IIRC its about 15%/y currently, but don't hold me to that), eventually it will be deflationary.

Re: 1 Bitcoin Worth 10 USD

#15

Post by xSwag »

Damnit I remember when they were less than $1 and thinking to myself "this will never take off". If I had invested $100, I could have sold today for $1K.

Re: 1 Bitcoin Worth 10 USD

#16

Post by icebraining »

btdd wrote: post #8
pizza wrote: post #4

This won't last; is a bitcoin at least as valuable as 10 USD for people who use BTC?

SERIOUSLY, WHAT THE FUCK ARE YOU EVEN SAYING? Who are you to make a claim as to if it will last or if it won't or how valuable bitcoins are. >This won't last We have no evidence to the contrary, and in fact, bitcoin being a deflationary currency by definition means it will likely increase in value and, what's more, if you look at the trend it has been increasing in value. If you were to use a single shred of logic th…

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Re: 1 Bitcoin Worth 10 USD

#20

Post by polshaw »

xSwag wrote: post #15

Damnit I remember when they were less than $1 and thinking to myself "this will never take off". If I had invested $100, I could have sold today for $1K.

Or $3K last june. It's easy to make great investment decisions with hindsight.
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