Post
Topic
Board Speculation
Re: Are we delusional?
by
BTCtrader71
on 13/07/2015, 07:12:56 UTC
additional note: In Response to btctrader71 , at that point you are expecting millionaires and ultra high net worths and banks to only be able to exchange and liquidate your $100,000 bitcoins?? lols in reality I don't get how that would logically and realistically play out X_X and that is scary.

I don't understand your objection. Why would only ultra net worths be able to liquidate my $100,000 bitcoins?

In reality, anyone who (today) owns (let's say) 100 bitcoins will probably convert many if not most of them into other assets (USD, stocks, commodities, etc), a little bit at a time, as the price goes from $308 to $100,000. If your portfolio was 99.99% in one asset [which will happen if your $30,000 in bitcoin becomes $10,000,000 in bitcoin in the coming months/years] it just makes sense to diversify.

And some of it would be "liquidated" by spending it, on things like bedsheets on Amazon and olive oil from Greece and whatever they export from Zimbabwe and whatnot.