Topic: Bitcoin $400,000 (?) - page 4. (Read 689 times)
Definitely, the price is reaching another level of height and that is the all-time high for Bitcoin and many are continuously speculating for the price bitcoin to be reached and even though the price may reach that kind of potential the $400,000 in the future I guess it is too early for the price to settle in that level, I am guessing that the price would be at the $40,000 or $50,000 USD I guess I can not say that the price will settle for that price.
I find it hard to take someone seriously when they write something like this:
A statement like that generally signals that the author takes an extreme position, and is making unsupported claims based on dubious research and data.
Okay, it is formulated in a rather radical way, but it is true that the main purpose of money is to be an intermediary that allows exchanging some goods and services for other goods and services. Taking a look at the article, though, it has many dubious statements. For instance,Quote
... money is completely useless, other than being a medium of exchange.
A statement like that generally signals that the author takes an extreme position, and is making unsupported claims based on dubious research and data.
Quote
Furthermore, the destiny of all money is extinction.
This one is not backed up by anything nor it is unpacked for readers. All particular fiat eventually fails because of inflation getting too high, that's true. However, new fiat takes its place and it does not look like money is to disappear anytime soon.Moreover, I don't like it when Bitcoin is treated as an asset, and his price prediction does not seem realistic, and I don't understand why he'd throw gold's value into the calculation like that. This view does not take into account that for some Bitcoin is money, not an asset.
From 10/27/18
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
Bitcoin comparison with gold is being speaking around five years before onwards but you need to know ounce of gold cost was crossed by the Bitcoin in the year of 2017 itself.Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
As titled bitcoin prices reaches such value means I may have 20000 USD and more.
Can't find this Rodney guy on the internet. Which bank that employed him previously? I tried to Google search the profile pic but nothing shows up. Really difficult to find a former analyst and merchant banker nowadays.
Note: Street Wise is the only website that contains detailed info about him.
Note: Street Wise is the only website that contains detailed info about him.
I find it hard to take someone seriously when they write something like this:
A statement like that generally signals that the author takes an extreme position, and is making unsupported claims based on dubious research and data.
Quote
... money is completely useless, other than being a medium of exchange.
A statement like that generally signals that the author takes an extreme position, and is making unsupported claims based on dubious research and data.
From 10/27/18
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
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