Scarce? 21,000,000 of them will eventually be minted.
By contrast, only 300k 1893-O Morgan Dollars were minted and in decent condition they trade for about the same as 1 BTC.
On pure scarcity, an argument could be made Bitcoin is incredible overvalued. Buying for appreciation relative to dollars is incredibly naive. Trust me you have been lucky so far. Long term - ask anyone who paid $1000 per coin - you'll get buried.
Alt coin horders have already figured this out.
Topic: Bitcoin's real value - page 3. (Read 2961 times)
Just to make things clear... if you ever want to see +1000$/BTC.. and even moar!
It appears people seems not to grasp the complexity of the matter: it is mostly highly political. And of course politics have its way to cloud things up.
Mass adoption will not improve bitcoin's value, it is quite the opposite actually, it will likely flood and drown it.
But this mass thing is so not going to happen anyway, even if you "scale it" in advance. Sry but wake up, in its current form, bitcoin is out of the reach of regular sheeple.
People are too much anticipating, buying the fake dreams of them Antonopoulos, Gavin, Hearn et al., saving the planet with free insta-frappucinos.
But it's its scarcity both in cap and transactions that will allow it to surpass any regular investment.
I mean fuck look at the damned financial markets all around the world that are on the edge of a massive collapse!
We should be surfing that wave if it was not for the community tearing one another over technical things it does not even fully understand!
Stop worrying about scaling and all the technical fuss that you will never grasp anyway,
Patches, bug fix, or next gen 2nd/3rd/etc layers solutions, will come in due time and with fair testing.
For now, it is its robustness against human miscalculations, its decentralization, its permission-less-ness and its network's security that matters.
Why always this urge of Quantitative Easing everything?
That is so wrong on so many levels and in total opposition with bitcoin's fundamentals.
I do hope its antifragility would make bitcoin rise up from xt's hashes.
But for now, Gavin et al. had exactly what they wanted, that is dividing the community and induce the fear that it is not such a good investment.
The rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.
For example, just look at what them politicians are doing with the Euro and Greece! They rightfully fear to create that precedent of exiting that stinky zone!
But hopefully, not like the euro, bitcoin is an investment! not cash, not pocket money!
It is a Privilege, as in the privilege of securing your wealth from the banksters and bypass them!
So bitcoin is bound not to be free to transact with. The mining fee market should settle as the blocks gets filled.
That is what it takes for miners that will eventually see their block reward drop to zero to secure the system!
Anyway, nevermind, just HODL ffs!
Otherwise it will just be a pale copy of visa/mastercard/paypal and it will sink, because it simply cant compete.
Thats why its price is stalling now. You cant have both an investment and pocket money.
By definition it is not the same, and never will be: the investment you keep it.. the money you spend it.
So get your shit straight and tell them egomaniac forkers to gtfo of bitcoin! Starting with them two usg moles Gavin and Hearn.
It's time to be greedy and defend our safe-haven against these social attacks!
Hope i was clear, btw this is a self moderated thread, because i'm fed up arguing with the trolls and shills everywhere. It's your fault if bitcoin is loosing ground!
It appears people seems not to grasp the complexity of the matter: it is mostly highly political. And of course politics have its way to cloud things up.
Mass adoption will not improve bitcoin's value, it is quite the opposite actually, it will likely flood and drown it.
But this mass thing is so not going to happen anyway, even if you "scale it" in advance. Sry but wake up, in its current form, bitcoin is out of the reach of regular sheeple.
People are too much anticipating, buying the fake dreams of them Antonopoulos, Gavin, Hearn et al., saving the planet with free insta-frappucinos.
But it's its scarcity both in cap and transactions that will allow it to surpass any regular investment.
I mean fuck look at the damned financial markets all around the world that are on the edge of a massive collapse!
We should be surfing that wave if it was not for the community tearing one another over technical things it does not even fully understand!
Stop worrying about scaling and all the technical fuss that you will never grasp anyway,
Patches, bug fix, or next gen 2nd/3rd/etc layers solutions, will come in due time and with fair testing.
For now, it is its robustness against human miscalculations, its decentralization, its permission-less-ness and its network's security that matters.
Why always this urge of Quantitative Easing everything?
That is so wrong on so many levels and in total opposition with bitcoin's fundamentals.
I do hope its antifragility would make bitcoin rise up from xt's hashes.
But for now, Gavin et al. had exactly what they wanted, that is dividing the community and induce the fear that it is not such a good investment.
The rules should be set in stone, and not subject to any major modification and by anyone, or that would create a precedent.
For example, just look at what them politicians are doing with the Euro and Greece! They rightfully fear to create that precedent of exiting that stinky zone!
But hopefully, not like the euro, bitcoin is an investment! not cash, not pocket money!
It is a Privilege, as in the privilege of securing your wealth from the banksters and bypass them!
So bitcoin is bound not to be free to transact with. The mining fee market should settle as the blocks gets filled.
That is what it takes for miners that will eventually see their block reward drop to zero to secure the system!
Anyway, nevermind, just HODL ffs!
Otherwise it will just be a pale copy of visa/mastercard/paypal and it will sink, because it simply cant compete.
Thats why its price is stalling now. You cant have both an investment and pocket money.
By definition it is not the same, and never will be: the investment you keep it.. the money you spend it.
So get your shit straight and tell them egomaniac forkers to gtfo of bitcoin! Starting with them two usg moles Gavin and Hearn.
It's time to be greedy and defend our safe-haven against these social attacks!
Hope i was clear, btw this is a self moderated thread, because i'm fed up arguing with the trolls and shills everywhere. It's your fault if bitcoin is loosing ground!
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