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Author Topic: we just hit 10 USD  (Read 9073 times)
pennytrader
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July 18, 2011, 04:48:52 PM
 #61

The reality is bitcoin is NOT gold. it can't be used for anything other than currency. USD can inflate 100 times (against tangible real assets) but it doesn't mean 1 BTC will be worth 100 times of its current value.

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kokjo
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You are WRONG!


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July 18, 2011, 04:58:01 PM
 #62

The reality is bitcoin is NOT gold. it can't be used for anything other than currency. USD can inflate 100 times (against tangible real assets) but it doesn't mean 1 BTC will be worth 100 times of its current value.
no it means that 1 btc will be worth 150 times its current value Smiley

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
pennytrader
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July 18, 2011, 07:15:43 PM
 #63

The reality is bitcoin is NOT gold. it can't be used for anything other than currency. USD can inflate 100 times (against tangible real assets) but it doesn't mean 1 BTC will be worth 100 times of its current value.
no it means that 1 btc will be worth 150 times its current value Smiley

Judging by current price action, it's unlikely. I believe it's heavily overvalued now (until it's been widely adopted by the general public).

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kokjo
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July 18, 2011, 09:00:28 PM
 #64

The reality is bitcoin is NOT gold. it can't be used for anything other than currency. USD can inflate 100 times (against tangible real assets) but it doesn't mean 1 BTC will be worth 100 times of its current value.
no it means that 1 btc will be worth 150 times its current value Smiley

Judging by current price action, it's unlikely. I believe it's heavily overvalued now (until it's been widely adopted by the general public).
there is still getting more users of the currency, which means: more demand.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
kiwiasian
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July 19, 2011, 02:26:24 AM
 #65

The reality is bitcoin is NOT gold. it can't be used for anything other than currency. USD can inflate 100 times (against tangible real assets) but it doesn't mean 1 BTC will be worth 100 times of its current value.
no it means that 1 btc will be worth 150 times its current value Smiley

Judging by current price action, it's unlikely. I believe it's heavily overvalued now (until it's been widely adopted by the general public).
there is still getting more users of the currency, which means: more demand.

Then why is the price so slow?

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imperi
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July 19, 2011, 02:36:13 AM
 #66

The reality is bitcoin is NOT gold. it can't be used for anything other than currency. USD can inflate 100 times (against tangible real assets) but it doesn't mean 1 BTC will be worth 100 times of its current value.
no it means that 1 btc will be worth 150 times its current value Smiley

Judging by current price action, it's unlikely. I believe it's heavily overvalued now (until it's been widely adopted by the general public).
there is still getting more users of the currency, which means: more demand.

Then why is the price so slow?

Define "slow". It was under 8 a little over a month ago.
kiwiasian
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July 19, 2011, 04:58:12 AM
 #67

 Lol I meant to say low

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