Quote from: CrazeCoinz on October 25, 2018, 10:04:10 AM

This is a shocking forecast for me as this can lead people to buy more bitcoin and wait until 2019 with a huge profits in just a short period of holding bitcoin. Although it's unpredictable market but if this will make a rally to reach at $20k I'm happy to see the price of bitcoin at that level. This could be a relief to those holders who bought bitcoin at the peak of the rally last year.

The market isnt driven by people who buy at the top, they are a minority of trades done over time. I think the price between 1k and 10k is far more populated by people who have gained BTC over time near these prices. Also the miners themselves are priced in around 6000 if I remember right as this is roughly in the region of where the costs and transaction fees they gain are.

Quote from: team.taoist on October 27, 2018, 10:37:15 AM

I would propose another price to BTC, 1 BTC = how many pieces of bread. Since food is the basic needs for human, and it's the essential part for lives rather than gold or $$$.

Yea I agree with you and USA dollars is only one country. Sure its a significant country but also we can say its a minority not a deciding factor for the world trade or even currency. That reality is likely to effect dollar and its more accurate to state vs real thing, real costs of normal people not government debts and interest on those debts.

The interest rates are fixed and unilaterally set by government, so having value self determined makes little sense and in fact the dollar loses value as it does not match traded prices over the world properly.
Bread goes off unfortunately, its also unstable and unsuitable for price over time. THere is Burger index roughly stated as showing inflation of costs, food related. The obvious choice is gold, it never changes over time and is not subject to a harvest yield etc