4 ms·
> if it really does become the money of the future then the prices now are going to look like pennies in five or ten years time. Yeah, that's literally exactly
by andkon 9y ago
> if it really does become the money of the future then the prices now are going to look like pennies in five or ten years time.
Yeah, that's literally exactly why it is a bubble. It's a big if, but that's how you rationalize entering the market.
- craigc 9y agoI suppose that is true, but if the price does crash back down to $1,000 and then rises up to $6,000 then what does that mean? The bubble burst and the price crashed, but now we are in another bubble? This article is an interesting read and seems to suggest something like that: https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da https://medium.com/@mcasey0827/speculative-bitcoin-adoption-...