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That is not argument for further 1000x multiplication. By definition, an asset in a speculative bubble has experienced rapid growth in its past. That doesn't me
by cstejerean 13y ago
That is not argument for further 1000x multiplication. By definition, an asset in a speculative bubble has experienced rapid growth in its past. That doesn't mean that such growth will continue into the future.
- jasonlingx 13y ago> That is not argument for further 1000x multiplication. I never made that argument. I am simply stating facts that one might want to consider before prophesizing with absolute certainty that a bitcoin will never be worth a million dollars.
- JamesArgo 13y agoThe numbers don't work out for 1000x multiplication, at least without vast inflation of the dollar. You would need a very large percentage of the world using bitcoin daily to get that type of return. One small country isn't going to do it.
- waterlesscloud 13y agoI'm not disagreeing with you, but since you say the numbers don't work out, what are the numbers?