Post
Topic
Board Economics
Re: Bitcoin or gold?
by
deppil
on 10/01/2017, 11:17:09 UTC
Bitcoin has definitely a good future ahead of itself, but that doesn't mean you'll become a multi millionaire. For that to happen you'll need at least 100 BTC if you calculate that the price at some point will reach the $10,000 level. Keep in mind that the majority of the people holding Bitcoin hold an amount lower than 1 BTC. How do you expect people to become millionaires with such a low amount?

Nothing can be termed as impossible. Even those holding 1 BTC will become millionaires, if the exchange rate increases to $1 million. I know that it sounds ridiculous now, but anything can happen in the future. In 2012, no one thought that the exchange rates will go up by 100X in 2013.
Yes correct, in fact none of the observers who dare said bitcoin reached a price of $1.000 in a year yesterday, but it's already happened. The most of us will regret for not buying from the first bitcoin, but they did not dare to buy now, even though the price of 1 year again reached $2.000.
I think although bitcoin will rise in the future, there will be no one who dared to buy a lot of bitcoin at current prices. because they think current prices are very high and risky. but if you look into the future it may be advantageous