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Same story every time. At 1$ it was a bubble, at 30$ it was a bubble, at 100$, at 1000$, etc. I wonder what needs to happen for the "bubble" people to say - alr
by egze 9y ago
Same story every time. At 1$ it was a bubble, at 30$ it was a bubble, at 100$, at 1000$, etc. I wonder what needs to happen for the "bubble" people to say - alright, this is not a bubble anymore, I was wrong. Or it will always be a bubble for them?
- atupis 9y agoIf you create deflationary currency you get bubles again and again.
- tutfbhuf 9y agoi guess if the value stabilize and people use it as a real currency, then people will stop saying bubble, but now even Steam has stopped accepting BTC
- headmelted 9y agoBitcoin isn't a currency, it's a commodity (akin to digital gold). It can't be naturally deflationary and used to facilitate day-to-day trade because, by design (and with all else being equal), you're better holding on to the bitcoin than spending it. Fiat currencies are the opposite - inflation encourages spending because the money slowly trends towards being worthless if you don't spend or invest.
- hobofan 9y agoIt was a bubble at 1000$ and it did burst (to some degree).
- ringaroundthetx 9y agoThe pops before then ($30, $266) were much steeper in percent Fyi