Post
Topic
Board Beginners & Help
Re: Will Bitcoin Reach $10,000 One Day?
by
co5hike
on 29/11/2013, 23:22:23 UTC



Non-sense.
And Bitcoin is not a deflating currency.
Bitcoin has a limited number of bitcoins, in the time


Some guy bought a pizza for 100000 btc  in 2010, now a pizza is worth about 0.1 btc. How is that not deflationary? Bitcoins are limited and demand for them is continually growing due to privacy concerns, tax avoidance, media attention etc. Bitcoin being limited is what makes it deflationary unlike  fiat currencies.

10,000 BTC to be exact. To be fair today Bitcoin value could be 0 USD if things went differently. In this case it would be well spent 10,000 BTC  Wink