Post
Topic
Board Economics
Re: What if the necessity of use outweighs the desire of gold?
by
Hazir
on 12/03/2015, 22:47:24 UTC
If bitcoin were as volatile and liquid as gold, we wouldn't run into this problem. Bitcoin won't be able to keep its value until mass adoption happens and we see the true price of Bitcoin.
There is no such thing as 'true price' of bitcoin. I don't understand why people think that present bitcoin price is somewhat undervalued and we need to wait for 'real' price to pop up. True price of bitcoin it is just value of bitcoin here and now. Not some mythical $1000 bitcoin may or may not reach in the future.