Re: Why is a constant rise in the price of Bitcoin, important?

Quote from: Kakmakr on May 16, 2018, 06:08:26 AM

So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments.

Let's say your inflation is 5% and your best return on some other investment is %20 per year, then your Bitcoin price increase will have to be more than %25 to beat the alternative investment.

Let's say you hoard for 5 years, then you would need a price increase of 125% to beat your alternative investment returns over 5 years.

So we cannot have a price increase of 800% in year 1 and then a price decrease of %400 in year 2 and another price decrease of 200% in year 3 and so on...

Hope you get at what I am saying. Hoarding might be harmful to your profits, if you do not cash out SOME profit on the ATH. Wink

..... You might end up with a bitcoin worth $100 in year 5. Roll Eyes

So if its more about how useless our money could be Wink

bitcoin remains bitcoin as long as you have it and don't sell.
Inflation is a mechanism created by the governments to be able to keep on printing the money every year, i think that in 5 years you will be able to actually pay with crypto and don't have to change it into real money to avoid inflation.
I don't think that bitcoin need to be constantly growing, last year it took only 1.5 months for bitcoin to go from 6k to 20k $.