Poll reset
Missing 1BTC=1BTC option
Yeah right.
That is missing the subject matter of this thread, which has to do with dollar price tracking of bitcoin.
I am in considerable agreement that folks who recognize the fundamentals of bitcoin should strategically be attempting to accumulate bitcoins and to take profits in bitcoin - however, we are very far from a world in which we do not need to consider fiat valuations.. and anyone who attempts to completely ignore fiat value and ramification including a very likely fact that a considerable number of the bills and expenses of a large majority off people is valued in fiat, those folks are living in fantasy landia rather than dealing with our current real world bitcoin situation.
On a recent Bitcoin podcast, I had heard one of the hosts of the podcast spouting out about only valuing bitcoin, which in my view, as I just mentioned, really takes the value of bitcoin matter to a pie in the sky extreme, which likely misleads people into taking extreme behaviors, even though there is a considerable amount of value to recognize that less valuable currencies and method of payments should be spent first (in accordance with Gresham's law principles), before spending sound money, such as bitcoin... but since in the coming many years (5- 10 years is not unreasonable) bitcoin is likely to remain so price volatile, there are going to be short-term periods in which the less valuable means of payment, such as fiat, are going to hold value better than bitcoin.
