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Lol, right now almost no one is using Bitcoin for actual purchases, because it's not a viable currency yet. Right now it's just an investment opportunity until
by wellboy 13y ago
Lol, right now almost no one is using Bitcoin for actual purchases, because it's not a viable currency yet. Right now it's just an investment opportunity until Bitcoin has found its price.
Then not an investment opportunity anymore and becomes a viable currency. That point is reached when 1 Bitcoin is worth between $100,000-$500,000, because then it has replaced all banks, all currencies and taken up around 10% of the world gross product.
I give it 3 years.
- JoeAltmaier 13y ago"Value" of an investment during a bubble is not a useful number. We can write all the imaginary numbers on the wall we like; only backed currencies reflect real wealth. Because in the end our standard of living doesn't change by fiddling with the numbers; only investing in real infrastructure, energy mining and manufacturing, makes any difference in the real world. Fiddling with numbers just bids up the price of those things, a zero-sum game.