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Author Topic: Bitcoin Limit.  (Read 3724 times)
JimboToronto
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August 08, 2014, 04:13:20 PM
 #41

1k USD is max, we will never reach more.

today the price declined 5 USD, so bitcoin is dying .  Cry

LOLOLOL

 Smiley Wink Cheesy Grin Cool
JimboToronto
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August 08, 2014, 04:18:53 PM
 #42

every day money comes to Btc so one Bitcoin becomes more valuable.

And each 10 minutes new 25 BTC comes to world. It's emission. every block creates new Bitcoin and each one becomes less valuable.

Don't forget about lost wallets. As mining rewards decrease, lost coins will outnumber new coins, leading to a decrease in supply.
BowieMan
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August 08, 2014, 04:23:47 PM
 #43

its ok as long as whales are spending it on stuff and not holding 24 7

Why? If whales are holding it, those BTC are out of circulation, making the total amount of BTC in circulation lower. The price would rise because of that. Spending BTC isn't exactly a good thing for the price. Only for the long term success of Bitcoin in general.

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Febo
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August 08, 2014, 08:00:12 PM
 #44

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Tell the sellers on bitcoin exchanges stop selling then, not everyone is holder even it's deflationary, otherwise, we are already in thousands $/unit.
well i am not saying of now and of exchanges. But of tomorrow and of stores. If price of money raise daily, then you when you will need to buy shoes you will just delay. if you will pay 10 btc for them today and 9 btc tomorrow you will wait. That is bad for economy. As i see, there is no way btc could ever become world most used currency. But that dont mean, will not gain more users in future.

Feel free to make such a coin and look if it is successful. Wink

I am to lazzy to do anything not a world currency. lol
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