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Ask HN: Will BitCoins be cheap ever again?

2 points by tux 6y ago

Anyone knows if bitcoins going to be relatively cheap again or is this something impossible now?

mnouquet 6y ago
FWIW, it went from $17k to $3k in a year.
- tux 6y ago
  Yeah after writing this post, I found [1] [1] https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_...
Finnucane 6y ago
Since the value of Bitcoin has no connection to any real-world economy, and is entirely determined by whatever someone is willing to pay right now, there's no way to know what it will be in the future.
Andys 6y ago
If you really knew the answer to this, you would make a lot of money.
WheelsAtLarge 6y ago
I'm one that believes that the price of bitcoin can be manipulated by large bitcoin holders working together. But bit coin is getting easier for the common man to be able to purchase. So as the number of owners increase it will be harder for the price to be manipulated. So given that, I still think that it will drop big at some point but it will be above 10k. We will never see sub 10k bitcoin again.
architect 6y ago
They are cheap right now! Context: since the breakup of the “United” States is already ongoing soon us-dollar denominated debt will no longer be honored. Regions within the US will issue their own local currencies which will send the US federal reserve notes “fun bucks” into hyperinflation. I predict an easy 100,000,000$ per bitcoin. Furthermore, attempts of banning btc and cryptos will not only not stop them, it will do the opposite: People will be fleeing into cryptocurrencies even more! Remember I told you this so you can start regretting not buying already today! Be ahead of the curve :D
- tux 6y ago
  Reason I asked this question on HN is to see what people think. But I predict that BitCoin will never reach even $1,000,000 million per BitCoin. I think much less! Maximum it might ever get is 100K per BitCoin and that pushing it. I honestly think that there will be a huge crash for BitCoins one day! (Dated: 2020-12-22) Lets see who is right in about 5-10 years ^_^

2 points by tux 6y ago

Anyone knows if bitcoins going to be relatively cheap again or is this something impossible now?

mnouquet 6y ago

FWIW, it went from $17k to $3k in a year.

tux 6y ago
Yeah after writing this post, I found [1] [1] https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_...

Finnucane 6y ago

Since the value of Bitcoin has no connection to any real-world economy, and is entirely determined by whatever someone is willing to pay right now, there's no way to know what it will be in the future.

Andys 6y ago

If you really knew the answer to this, you would make a lot of money.

WheelsAtLarge 6y ago

I'm one that believes that the price of bitcoin can be manipulated by large bitcoin holders working together. But bit coin is getting easier for the common man to be able to purchase. So as the number of owners increase it will be harder for the price to be manipulated. So given that, I still think that it will drop big at some point but it will be above 10k. We will never see sub 10k bitcoin again.

architect 6y ago

They are cheap right now! Context: since the breakup of the “United” States is already ongoing soon us-dollar denominated debt will no longer be honored. Regions within the US will issue their own local currencies which will send the US federal reserve notes “fun bucks” into hyperinflation. I predict an easy 100,000,000$ per bitcoin. Furthermore, attempts of banning btc and cryptos will not only not stop them, it will do the opposite: People will be fleeing into cryptocurrencies even more! Remember I told you this so you can start regretting not buying already today! Be ahead of the curve :D

tux 6y ago
Reason I asked this question on HN is to see what people think. But I predict that BitCoin will never reach even $1,000,000 million per BitCoin. I think much less! Maximum it might ever get is 100K per BitCoin and that pushing it. I honestly think that there will be a huge crash for BitCoins one day! (Dated: 2020-12-22) Lets see who is right in about 5-10 years ^_^