First off I love the idea of a currency that is decentralized and I'm invested in a diverse amount of alt coins.
 
I did have a 'discussion' with my dad (he is pretty smart with economics and tax laws). I was saying how its good to have a currency that is backed up and can't just mine or print more for whatever reason. He did have some points that made me want to find out where to find the answers.

1st point he made was who determines the value of bitcoin? As of now the price changes every second. Hypnotically you have the equivalent of $1 in your account you want to buy a soda with it but then the stock drops a little your 1 dollar is now $.98?

Can't buy that soda that will effect business owners in a negative way..

2nd point was what happens if many of the big corps start holding bitcoin but continue to pay bills with their cash/ credit methods and lets say these big corps manage to collect 17m Bitcoins out of the 21m.. With those remaining 4m coins actually in circulation won't that increase the prices in some way?

3rd point he made was many people are not financially smart what happens when a person fails at paying back a personal loan they obtained? the coins where spent to idk pay off an electric bill. Said borrower fails to pay back but now the people/persons that lent the coins have lost their investments. Yes investing is a risk but without investors putting up their assets loans will cease or have outrages interest rates to guarantee they make.

Where can I read more on Bitcoin to further my knowledge?

Thanks,

Risky B