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Author Topic: Do I have the wrong attitude?  (Read 3376 times)
proudhon
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May 30, 2011, 02:32:19 AM
 #21

Why do you expect the value to go up? What potential do you see?
 
From what I've read, it looks like the price of Bitcoins has done nothing but rise since they were created. One would assume that with popularity increasing, the price will continue to do the same.

And as for the potential of Bitcoin, it's huge. The fact that it's a currency not being controlled by anyone is just the tip of the iceberg.

After two more years of price increases are you going to change your mind and sell bitcoins for dollars?


That's a really good question.  Initially I saw bitcoin as a way to try to earn some extra cash, with the assumption that I would then use cash to buy things.  Now, I want bitcoin to succeed such that I don't need cash to buy things that I need and want.  In other words, I want to stay in bitcoin.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
TheMagikarp (OP)
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May 30, 2011, 02:59:16 AM
 #22

Also, why would you want to buy a home?
To live in...
stic.man
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May 30, 2011, 03:47:08 AM
 #23

I think once the value of a single bitcoin goes up to a certain point there will be a lot more users operating in the bitcents and lower ranges and distribution can become a lot more widespread/utilized as it should.
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