Quote from: figmentofmyass on December 18, 2018, 07:08:15 PM

Quote from: 1Referee on December 18, 2018, 02:30:02 PM

Quote from: davis196 on December 18, 2018, 01:13:35 PM

This guy is right,the FED priniting machine will pump the bitcoin price big time for sure.

Not sure if that's something to look forward to. In most cases capital shifts from asset to asset, and if Bitcoin isn't differentiating itself enough, it will implode just as hard as stocks and other assets will implode when they're no longer seen as a worthy option. Use is the most important aspect for Bitcoin, because use as money is eventually what will make sure that Bitcoins circulate instead of float around in the speculative market.

i don't follow. bitcoin is already completely distinct as an asset, offering use cases never seen before and with growing adoption and network liquidity. if QE keeps pumping the markets (including bitcoin), that doesn't mean it loses its use as money. most of the supply isn't active in the speculative market anyway.

the hoarding aspect can't be avoided because of bitcoin's supply characteristics relative to other markets (per gresham's law). i don't think it matters though. no matter how speculative the market gets, there seems to be very healthy (growing) network activity. also as time passes, there will be increasing use of bearer instruments where no blockchain movement is necessary to transfer value.

I'll agree with you on that. Bitcoin is nothing like anything the world has ever seen, it's so enigmatic the governments don't even have the foggiest idea of how to classify it, and long time pros like Buffet's calls turn out completely wrong. To say it doesn't differentiate itself among other assets is really a laughable statement.