I had replied to another topic somewhere on the forum with this, but after posting it, I actually felt that it deserved its own discussion.
you are right. If anything, one should be comparing the price of bitcoin to gold Quote
I think people are losing touch with the whole idea behind Crypto Currency. Profit this, profit that. What is everybody basing "Profits" off? Fiat Currency?
I thought the whole Idea behind crypto, is to abolish fiat?
Everyone wants to make a quick buck right now.. All they want to do is get some Bitcoin and sell it for Fiat Currency. Just totally missing the whole damn point.
When you buy/mine or earn crypto right now, you're supposed to be keeping it for the future. The ONLY reason you should be selling off your bitcoin, is because you're getting a good price to buy into an Altcoin, and vice versa. Only reason you should sell an Altcoin, is to buy Bitcoin.
Bitcoin and Alt coins will Always go up in value, because Fiat currency will Always go down in value. (Inflation)
Everyones gotta stop being so greedy and start thinking about the future a little bit more. And start embracing Crypto for what it was meant to be.
The only way Bitcoin can die, is if people just stop using it.
There is no reason why anyone should stop using it. The system is already pre built. We just have to utilize it.
Coinmarket cap already gives you the value of every coin, compared to BTC.
Why is everyone still worrying about BTC/USD?
BTC/USD should concern everybody just as much as the CHF/JPY does.
I thought the whole Idea behind crypto, is to abolish fiat?
Everyone wants to make a quick buck right now.. All they want to do is get some Bitcoin and sell it for Fiat Currency. Just totally missing the whole damn point.
When you buy/mine or earn crypto right now, you're supposed to be keeping it for the future. The ONLY reason you should be selling off your bitcoin, is because you're getting a good price to buy into an Altcoin, and vice versa. Only reason you should sell an Altcoin, is to buy Bitcoin.
Bitcoin and Alt coins will Always go up in value, because Fiat currency will Always go down in value. (Inflation)
Everyones gotta stop being so greedy and start thinking about the future a little bit more. And start embracing Crypto for what it was meant to be.
The only way Bitcoin can die, is if people just stop using it.
There is no reason why anyone should stop using it. The system is already pre built. We just have to utilize it.
Coinmarket cap already gives you the value of every coin, compared to BTC.
Why is everyone still worrying about BTC/USD?
BTC/USD should concern everybody just as much as the CHF/JPY does.
Gold value is actually very stable across the human history (the golden ounce coin would allow you eat comparable number of meals in ancient Rome and in Los Angeles in 21st century).