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Author Topic: Best case scenario for BTC? total/partial financial collapse or super stability  (Read 681 times)
JackH
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August 29, 2011, 10:37:08 PM
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What would be the best case scenario for the price rising of Bitcoin?

I myself am not entirely sure if we wish the established financial system of Fiat money, inflated stock prices and pumped gold pricing to partially or totally collapse or if we would wish for stability and prosperity in that very same system.

I guess the question comes down to: when are people investing in Bitcoin? Is it such a speculative and new type of finance that it will be used in times of grief or times of joy?

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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August 29, 2011, 10:50:16 PM
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Ok I've read it four times and still don't get it - what are you trying to tell us?

It is mostly agreed upon that for bitcoin to succeed we need more merchants, services and even the possibility to buy resources with bitcoins, independent of the price in fiat money. Is that what you wanted to know?

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
JackH
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August 29, 2011, 11:01:14 PM
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Yes what you are explaining is what makes BTC go up in value. More merchants, more people buying and in general more influx of fresh money into the BTC economy. What I am talking about is the underlying factors of WHY fresh money would flow into Bitcoin.

Is it because of financial stability or financial instability on the established financial markets?

For a comparison: When oil was peaking at 180$ per barrel, people were all the sudden innovative and started thinking creative. Articles online were popping up about scientists creating artificial bugs that could spew out oil from garbage and everyone was keen at throwing money into something that could procure more oil.

Then oil felt below 100$ per barrel and nobody cared any more.

So what does Bitcoin need? Gold to crash together with stocks? Or gold to go to 5000$ per ounce as well as stock markets doubling? (for instance)

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
ctoon6
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August 29, 2011, 11:05:21 PM
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Yes what you are explaining is what makes BTC go up in value. More merchants, more people buying and in general more influx of fresh money into the BTC economy. What I am talking about is the underlying factors of WHY fresh money would flow into Bitcoin.

Is it because of financial stability or financial instability on the established financial markets?

For a comparison: When oil was peaking at 180$ per barrel, people were all the sudden innovative and started thinking creative. Articles online were popping up about scientists creating artificial bugs that could spew out oil from garbage and everyone was keen at throwing money into something that could procure more oil.

Then oil felt below 100$ per barrel and nobody cared any more.

So what does Bitcoin need? Gold to crash together with stocks? Or gold to go to 5000$ per ounce as well as stock markets doubling? (for instance)

when was oil $180 a barrel?

JackH
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August 29, 2011, 11:07:51 PM
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Sorry, 145$. Remembered it wrong  Grin

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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