Quote from: South Park on April 05, 2017, 02:53:38 PM

Quote from: Slark on March 30, 2017, 08:07:40 PM

Quote from: South Park on March 30, 2017, 08:00:02 PM

The problem with price being the major attractor to people is that they will invest in bitcoin just to speculate with the price instead of believing in the technology and that will open way for another bubble to form, we can benefit of that in the short term but like every other bubble it will eventually burst and that will be bad for us in the long term.

Price is a magnet for people to research and eventually invest in bitcoin - we cannot deny that. It was and always will be like that.
I was the same, I came to BTC looking for fast buck and extra money, but in the meanwhile I learned enough about BTC that I am here to stay.
Volatility, bubbles, speculations - they will be part of bitcoin for a very long time; don't try to fight the trend, embrace it.

I wont but the problem with those people that only come to bitcoin for the price is they will switch immediately to any other coin that promises them the possibility of earning bigger amounts of money in the shortest time frame possible, they are not in bitcoin in the long term.

I fully agree but I don't think there will be another coin that can surpass bitcoin, even if there is the users/investors will be cut in half, so there is a high risk, there is no guarantee that it will raise its own price like bitcoin did, so still bitcoin will still be alive even if another coin with better features than bitcoin has been introduced.

Quote from: virtualx on December 13, 2015, 10:25:39 AM

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

There is low posibility but it might happen, I do not think that if the bitcoin reaches that price fiat will become worthless, the main reason is the transaction takes time, so there is no posibility that fiat will become worthless if the transaction of bitcoin is still the same as now, but if the transaction takes only a second the it highen the chances that fiat might become worthless.