4 ms·
This is what the bitcoin people got right. The dollar is going down A LOT. This is also what the bitcoin people got wrong. You don't want to to denominate your
by gitfan86 4y ago
This is what the bitcoin people got right. The dollar is going down A LOT. This is also what the bitcoin people got wrong. You don't want to to denominate your asset in dollars. Yes BTC will hit 100k some day. But 100k will only buy a crappy used car at that point.
- LikesPwsh 4y agoI wouldn't take those bitcoin forecasts too seriously. Some of them honestly believe that halving inflation doubles price no matter how many times you do it.
- ashwagary 4y ago>This is also what the bitcoin people got wrong. You don't want to to denominate your asset in dollars. Bitcoin people dont get that wrong, the "1 bitcoin = 1 bitcoin" meme is popular for that reason. Having said that, fiat has no bottom, so bitcoin has no top. It will continue to increase in fiat value for the rest of its existence as long as the network technicals stay sound.
- gitfan86 4y agoBitcoin isn't unique in that though. Picasso paintings also have no top as long as their physical fundamentals stay strong.