Post
Topic
Board Bitcoin Discussion
Re: Bitcoin bubble
by
nathanbryce
on 24/12/2017, 10:05:51 UTC
When you say it’s a bubble, you’re looking at a ‘currency’ and comparing it to another ‘currency’. This time one is a crypto currency and the other is a fiat currency.

If you measure everything in dollar terms only, you’d probably think that it’s in a bubble. But if you ask someone from a highly inflationary country or just any other country - they’d say, to heck with it - I’m buying more!

Now, if I had a crystal ball and told you that Bitcoin (BTC) would reach US$ 500,000 or US$ 1 million - would you buy today??

If you stop thinking in terms of one currency against the other, and start thinking in terms of purchasing power - your perspective will change.