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Topic: Why bitcoin is worth $1 Trillion - page 2. (Read 2779 times)

legendary
Activity: 896
Merit: 1001
April 08, 2013, 01:55:28 PM
#8
This among a few other good reasons. I'm totally overwhelmed by the number of new users in here that think buying BTC at $X and selling it at $X+10 (the top) is all that bitcoin has to offer them.

They have some concrete evidence of why the price can't go past $X, and in all of those scenarios I just see concrete evidence that they don't understand what bitcoin is or what the price even represents.

legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
April 08, 2013, 01:53:43 PM
#7
In nemo nos fides
legendary
Activity: 1106
Merit: 1001
April 08, 2013, 01:53:02 PM
#6
...you can lock with a secret inside your brain, where no bank, government, or anyone else can take it.

This. Encrypted money. This is why Bitcoin is worth a trillion dollars.


Exactly.

It's actually encrypted money that can be sent over the internet at ridiculously low cost.

It's also a great store of value, in that it's scarce, with a predictable and honest rate of creation.

It's also a payment processor, far more honest and efficient than anything Western Union, PayPal or any of the others have offered us so far.

If it achieves just one percent of its potential in any of these three areas (or one third of one percent in all three) it will already be worth more than 1 trillion dollars.
member
Activity: 82
Merit: 10
April 08, 2013, 01:49:49 PM
#5
...you can lock with a secret inside your brain, where no bank, government, or anyone else can take it.

This. Encrypted money. This is why Bitcoin is worth a trillion dollars.


Exactly.
member
Activity: 70
Merit: 10
April 08, 2013, 01:49:36 PM
#4
So much YES to this Smiley total on spot
Best post i ever read in this forum, just Perfect
Max Keiser should brodcast these words in Tv
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
April 08, 2013, 01:47:25 PM
#3
+1

The OP is what in the trade is known as rationally bullish.
full member
Activity: 126
Merit: 100
April 08, 2013, 01:46:11 PM
#2
yes!
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
April 08, 2013, 11:48:19 AM
#1
There are now countless threads talking about "where is the support for this price?" And the press calling it a bubble because there is "no support for the price".

Well they are all wrong. The support for bitcoin is the most obvious part, yet no one publicly mentions it.

Bitcoin is encrypted money. Money that you can lock with a secret inside your brain, where no bank, government, or anyone else can take it.

This. Encrypted money. This is why Bitcoin is worth a trillion dollars. If we never spend it on groceries, but hold it like gold, it will still be worth a trillion dollars.

Because bitcoin is the fulfillment of the internet and digital manifest destiny.

Security through numbers, freedom through cryptography.
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