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Author Topic: How far you think Bitcoin will go?!  (Read 4110 times)
Wary
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October 20, 2013, 05:08:40 AM
 #21

At the point at which half of world economic activity was denominated in bitcoin is about where the exponential increase should begin to slow and eventually level out.
Or it may not slow down. If half of all economic activity is done in bitcoins, the value of all fiat halves. It'll trigger the positive feedback loop, "the fiat run". So it'll be an L-curve, rather than an S-curve. Fiat will not wither, it'go down in flames Smiley

P.S. As a side-effect we can expect a lot of people suddenly left with useless fiat. Angry mobs lynching early adapters. Smiley

Fairplay medal of dnaleor's trading simulator. Smiley
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