Post
Topic
Board Speculation
Re: Do you really think bitcoin price will touch $k again ?
by
Fiiasco
on 23/03/2015, 08:53:36 UTC
I don't know why people get so giddy over high Bitcoin prices, I'm convinced that if it ever does reach those sorts of levels again, especially the $10,000 die hards are expecting it's going to be due to hyperinflation, in which case, I won't be selling my coins I'll be using them as currency.

There are still people out there who don't realise that high prices aren't necessarily a good thing and think that dumping their coins for valueless paper is going to get them somewhere in life.

Yep. I completely agree with you.

Bitcoin prices skyrocketing might not necessarily be a good thing, it can mean a bubble/relative price instability, or an extreme fiat hyperinflation happening. I would rather use bitcoins as a store of value, rather than an almost "HYIP" like investment.