Quote from: davis196 on November 16, 2018, 12:57:57 PM

Quote from: MasterCoinBit on November 16, 2018, 09:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

No,Bitcoin isn't "designed" for that.There's no guarantee that the bitcoin price will increase over time.
The price of bitcoin depends of the market demand for btc,there's no guarantee that the demand will rise.
The limited supply of BTC doesn't mean anything,because bitcoin can be divided into 1M satoshis.
Just read Satoshi's original whitepaper and don't ask questions that are already asked 1000 times.

Even satoshi said here in the forums that bitcoin will either be worth "a lot" or nothing at all in the future. So far he was right, since it only keeps going up long term.

Bitcoin is not a currency, it's more like gold. The only way that bitcoin can be used as a currency is if the entire world uses bitcoin or at least the most relevant economies. So when 1 BTC = 1BTC there's no need to check it against fiat currencies.

Until that day comes, Bitcoin is a better gold, and therefore undervalued at all times for as long as it's marketcap is less so than gold.