A $10,000 Bitcoin is possible, but it won't be what you think it would be - page 2.

Gaaara

hero member

Activity: 1106

Merit: 501

Quote from: davis196 on June 07, 2017, 12:05:51 AM

You are right,but i don`t see any major USD inflation.
The Federal Reserve printed trillions of dollars,the USA government debt is still increasing but the USD value is still pretty high.
Anyway,it`s better to compare bitcoin with all the other cryptocurrencies,instead of comparing BTC with USD.

Yup, there is no sign of USD inflation, there is way USD will go through inflation as they are the most powerful money, USD has a good foundation and I think if ever that any problem that will appear regarding USD will quickly be solved as the US governments actions at any problem with their country.

yoseph

sr. member

Activity: 868

Merit: 266

Bitcoins high value has nothing to do with a failing US economy, rather its based on how a lot of people have started to accept it as a means of payment of goods and services, the more people accept and use bitcoins, the more it value rises. If major countries such as the US and the EU recognize bitcoins as a legal means of payment, the price may eventually go higher than ever.

BitHodler

legendary

Activity: 1526

Merit: 1179

Bitcoin will move past the $10,000 mark regardless of fiat becoming less valuable throughout the years. $10,000 is nothing more than a temporary milestone, don't forget that.

As years go by, people will see Bitcoin far more as safe haven asset. I am even so confident, that people will convert a large portion of their gold holdings to Bitcoin.

Bitcoin offers people freedom, convenience, it's insanely easy to liquidate, it doesn't occupy a large bit of space in case you have millions or even billions worth of it, and the list goes on.

ktabb

full member

Activity: 266

Merit: 103

Quote from: awesome31312 on June 06, 2017, 01:11:43 AM

People often tend to miss the point with such posts. Yes, I believe it is possible for Bitcoins to be valued at $10,000 USD or greater at some point in the future, but only because the USD is going to suffer from inflation. Not all of us are taking this into account. Bitcoin's value does not come from the USD at all. Let's stop making the comparison, for the sake of economics. It is not a substitute or a competitor of the USD either. It is *actual money*. The US dollar bills are debt slips. Bitcoin is based on supply and demand. It may or may not be the currency of the future, but cryptocurrency definitely is!

Inflation happens at an average of 3.22% annually, and that number has been lower recently. It would take a very, very, very long time for bitcoin to reach $10k based on inflation alone. If bitcoin hits $10k, inflation won't be a primary, or even significant, reason.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: awesome31312 on June 06, 2017, 01:11:43 AM

People often tend to miss the point with such posts. Yes, I believe it is possible for Bitcoins to be valued at $10,000 USD or greater at some point in the future, but only because the USD is going to suffer from inflation. Not all of us are taking this into account. Bitcoin's value does not come from the USD at all. Let's stop making the comparison, for the sake of economics. It is not a substitute or a competitor of the USD either. It is *actual money*. The US dollar bills are debt slips. Bitcoin is based on supply and demand. It may or may not be the currency of the future, but cryptocurrency definitely is!

Exactly, "bitcoin may not be the currency of the future, but crypto currencies definitely is" is a reality we cannot push aside. Bitcoin according to the founding fathers " will become something valuable or nothing at all" we the enthusiast should always have this at the back of our minds.

Amph

legendary

Activity: 3248

Merit: 1070

it will happen eventually when more people are willing to pay for it, actually it can happen pretty fast if many are holding now their coin, and the coins on the exchange are limited

because the same people will rush to buy at higher price, just to have more for the future, but since they are limited in circulation you don't need increase in adoption for the value to increase

what i mean is that the real circulation of the bitcoin now is not 16M+, which is a good thing, this is forcing people to buy at higher price, because there is a shortage of bitcoin right now with the current high demand

davis196

hero member

Activity: 3164

Merit: 937

Quote from: awesome31312 on June 06, 2017, 01:11:43 AM

People often tend to miss the point with such posts. Yes, I believe it is possible for Bitcoins to be valued at $10,000 USD or greater at some point in the future, but only because the USD is going to suffer from inflation. Not all of us are taking this into account. Bitcoin's value does not come from the USD at all. Let's stop making the comparison, for the sake of economics. It is not a substitute or a competitor of the USD either. It is *actual money*. The US dollar bills are debt slips. Bitcoin is based on supply and demand. It may or may not be the currency of the future, but cryptocurrency definitely is!

You are right,but i don`t see any major USD inflation.
The Federal Reserve printed trillions of dollars,the USA government debt is still increasing but the USD value is still pretty high.
Anyway,it`s better to compare bitcoin with all the other cryptocurrencies,instead of comparing BTC with USD.

awesome31312

hero member

Activity: 826

Merit: 504

People often tend to miss the point with such posts. Yes, I believe it is possible for Bitcoins to be valued at $10,000 USD or greater at some point in the future, but only because the USD is going to suffer from inflation. Not all of us are taking this into account. Bitcoin's value does not come from the USD at all. Let's stop making the comparison, for the sake of economics. It is not a substitute or a competitor of the USD either. It is *actual money*. The US dollar bills are debt slips. Bitcoin is based on supply and demand. It may or may not be the currency of the future, but cryptocurrency definitely is!

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