Post
Topic
Board Speculation
Re: Ten years later
by
futile-resistance
on 29/05/2018, 04:44:37 UTC
The value affects the price, and I'm going to analyze the value of the decade.

To understand the value of bitcoin, we start with the basic value of money, which is also money.

Money is the most common and effective mutual trust system ever. In any form of currency, its value is essentially: "does anyone believe" why the dollar is the most valuable? Because the world believes in it.

The popularity of bitcoin has grown rapidly in recent years with the development of the Internet. I predict that the price of bitcoins in 10 years should be more than half a million dollars.
We were able to go from the price rate of just $1 to about $19000 in less than a decade, and that’s from 2009 to 2017. Well, that’s a huge progress indeed, but you shouldn’t expect the same thing to be happening all the time. Starting from this time around things might change completely, it might continue to fluctuate between particular price rates, or maybe fall and go back up or something. We are not really sure of that yet, it might even become stable.