Quote from: cryptoboss2020 on Today at 02:35:01 AM

Bitcoin is good just for money grab
Year 2017 shows dont be late dont be the bag holder!!

Like all the Investment Bitcoin is no Different main thing just dont be the that last guy the bag holder.

Yeah, one of points also. What you refer to is "greater fool theory" (https://en.wikipedia.org/wiki/Greater_fool_theory)

Quote from: Strongkored on Today at 04:41:25 AM

I don't know why you say that, if the reason is that you think they haven't real value like fiat, in my opinion, it's because they prefer to save for a higher price, they will actually get rich once they sell it at the price they have targeted.

Not at all - doesn't mean I think Bitcoin doesn't have a value. Otherwise I wouldn't be here, and our project wouldn't be starting with BTC as underlying first

Just out of curiosity and analogy, had this possible thinking based on socio-economic trends, how iPhone, then Tesla, then now in China real estate developers - all playing on the same trend "fake rich", and with the above comments about "owning a number" - I guess it adds points to the theory about BTC also?

Quote from: michellee on Today at 06:05:54 AM

When you only have 1 bitcoin, you are a rich person than the other person who does not know about bitcoin.

Come to China or Hong Kong and you will see Grin

99.9% don't know what is Bitcoin or how to buy it, and you might have even 10 Bitcoins, but most of the people you meet will be more rich than you because they got apartments, which continually increase in price without drops (yes, it can be another topic for discussion about possible real estate bubble there).

Quote from: davis196 on Today at 07:34:45 AM

If an Apocalypse happen,the only 2 valuable assets will be FOOD and WATER.
Bitcoin is a line of code(or a number),but gold is just a shiny useless metal.Will you eat gold,when you have no food?Will you buy food with gold,when nobody accepts gold?
In a post-apocalypse world,metals like iron will be more valuable than gold,because you could create useful tools with iron.
I get your point about the "fake rich class",but Bitcoin has nothing to do with iPhone or Tesla.
Bitcoin is supposed to be a currency,a medium of exchange,not a consumer product.
Rich people will always be seen as cool badass players that have high social status,it doesn't matter if they own Bitcoins,Tesla stocks,the new iPhone or something else.

Food, water, shelter, sleep, etc. - something what can satisfy basic needs - you are correct. I guess the rest of your comments are also correct Grin

but about Bitcoin - yes, it's good medium of exchange, very convenient for international transactions, etc. But when most of the people get $1,000,000 first time, what they do? - for for real estate, some FX, some equity, and might consider minor risky assets (you can check even those "currently rich" crypto millionaires / billionaires). So how do you think why? - do they want to finally get attached to the "true elites" with real wealth? If BTC on that level would be really as good as other assets (i'm not against any nor support any - everything is good for own purposes), why wouldn't they just buy all BTC they can? Then earn, then buy more, and more? And currently / historically / likely in the future the future of country / nation is decided not by the top-crypto holders, but by the ones with significant political influence, or by UHNWI & corporates. - this can be summarised, as they say in Russia "there are 2 types of politicians: 1) politicians who own banks, and 2) politicians who are owned by banks" - effectively it's bankers and their closed circle, not crypto-billionaires who get to decide what will be our future.