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Author Topic: So this will be interesting... Bitcoin to insane valuations  (Read 701 times)
error08
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August 09, 2017, 12:10:33 PM
 #21

At the rate at which governments are printing money, there should not be a problem buying any derivative and even bitcoins. People will just buy smaller quantities as the price goes up. A full bitcoin might be beyond the reach of millions of people now, but in some years from now, owning a single Satoshi might be a big accomplishment.

We might even see Satoshi's being subdivided into smaller units, who knows. ^smile^

But there is no point to printed so much money and buy any derivative, especially bitcoin which is impossible, I mean, government won't do that and bitcoiners won't let that happen. This is one of the best benefits of bitcoin, all the money in the world won't be enough to purchase what people are willing to sell their bitcoins for. Not because the money is not enough, but because there are other priorities to be purchased.
When bitcoin reach an amazing price, I hope it's because bitcoin being used as a currency instead of trading object.
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nocturnalsheet
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August 09, 2017, 12:35:29 PM
 #22

At the rate at which governments are printing money, there should not be a problem buying any derivative and even bitcoins. People will just buy smaller quantities as the price goes up. A full bitcoin might be beyond the reach of millions of people now, but in some years from now, owning a single Satoshi might be a big accomplishment.

We might even see Satoshi's being subdivided into smaller units, who knows. ^smile^

But there is no point to printed so much money and buy any derivative, especially bitcoin which is impossible, I mean, government won't do that and bitcoiners won't let that happen. This is one of the best benefits of bitcoin, all the money in the world won't be enough to purchase what people are willing to sell their bitcoins for. Not because the money is not enough, but because there are other priorities to be purchased.
When bitcoin reach an amazing price, I hope it's because bitcoin being used as a currency instead of trading object.

it will happen, just need to wait for it!
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August 09, 2017, 01:56:24 PM
 #23

At the rate at which governments are printing money, there should not be a problem buying any derivative and even bitcoins. People will just buy smaller quantities as the price goes up. A full bitcoin might be beyond the reach of millions of people now, but in some years from now, owning a single Satoshi might be a big accomplishment.

We might even see Satoshi's being subdivided into smaller units, who knows. ^smile^
There is actually a possibility to this happening because at the current price quite a number of people cannot afford to own a bitcoin no because its too expensive but because the money is too much for quite a number of people can afford to lose considering the disclaimer in which one by default must accept to before entering or parting away with money to pursue bitcoin. Eventually when this happen the early entrants will continue to live fat while the ones scrabbling for the satoshis will continue to do that.

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