Post
Topic
Board Bitcoin Discussion
Re: These people have the power to take bitcoin mainstream overnight!
by
minerpumpkin
on 25/04/2015, 21:52:40 UTC
people don't have patience. they want global adoption to happen tomorrow so they can sell their coins with high profit. they don't realize that it doesn't work like that.
I can wait 10 + years for bitcoin to go the moon.
Why do people want it all now?

Nothing good ever came easy.

If bitcoin does ever end up being worth 100,000 USD would you sell or just live on bitcoin?
That's the question.

If we ever see 100k bitcoins why would we want to convert back into USD?


I've seen this often. Once bitcoin becomes worth enough to make us all millionaires we wont need to sell it anymore, wed just use it.

Yeah, but its value would still need to rise. Even if we spend a coin, its value (denominated in USD or any other FIAT currency) still needs to be considerably higher than at the point where the coin was purchased. We could also go and measure Bitcoins value in loafs of bread - the result would basically be the same!