Post
Topic
Board Speculation
Re: Bitcoin will never again be priced over $300.
by
futureofbitcoin
on 07/05/2015, 01:38:01 UTC
I find no entertainment value in owning or using Bitcoin, certainly not enough to account for any meaningful percentage of its value.


This shows your self-centeredness and lack of foresight. I find no value in having the letters "LV" on a bag. So what? That doesn't mean other people won't. You, I and most people probably can't see value in the vast majority of items produced in the world. Lame toys, little widgets that hardly work. But that's why you are (probably) not a rich and successful entrepreneur.

That you can't see a realistic parallel doesn't mean it doesn't exist; it means you can't see it. Not that there's anything to parallel with anyway, since I gave specific examples of how bitcoin might gain value, not "parallels".

You find personal value in the entertainment from a movie. Some might find value in quick and secure transactions around the globe. If enough do, bitcoin will rise above $300. If you choose to ignore all of the possibilities because you personally don't find it useful, that's your own choice.

I'll be honest, I don't personally find any value in bitcoin either. But I've learned that just because I don't value something, doesn't mean it doesn't have value to other people. I can see that it's possible bitcoin will become valuable to a good number of people. If you don't, whatever. Bitcoin doesn't depend on you to succeed.

Finally, the exact same argument you're using here could've been used before bitcoin reached $1; before bitcoin reached $10; before bitcoin reached $50; or even before bitcoin reached $1000. But it did.