Quote from: Ch1bi on October 06, 2017, 12:44:41 AM

Quote from: SomeGuyInOz on October 06, 2017, 12:25:30 AM

I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.

Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?

That's a good question. I probably would continue to use Bitcoin because of what it stands for. I probably wouldn't buy anymore of it because there would be other coins in time that could surpass it in value and provide a great store of value.

This. I'd still use bitcoin too but would not invest on it anymore since the value is fixed.