Post
Topic
Board Speculation
Re: Bold statement: Next target is low ~$700s (Awaiting scream of laughter)
by
minerpumpkin
on 05/05/2015, 15:34:22 UTC
A truly limitied supply will throw manipulators right off.  For 100's .. 1000's of years they have been able to endlessly print new money or promises of gold.. 

Many of you understand BTC is something new, many understand it allows you to do a lot of things a lowly peseant has never been able to do throught all of history, very very very few understand what potential this has good and bad as probably even less can see how easily it could be used to control the entire population.

I for see a massive bubble than a hard fork to a UN/BRICs controlled bitcoin.

In the endgame of Bitcoin this is certainly correct, BUT right now we're still experiencing a very inflationary phase of Bitcoin. Only a huge influx of new people, and thus FIAT money, is counteracting that inflation at the moment. And right now, there isn't enough of it entering the Bitcoin ecosystem! The buying pressure isn't high enough!