Quote from: crazyearner on July 26, 2014, 12:30:58 AM

Quote from: AliceWonder on July 25, 2014, 06:28:46 PM

Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.

Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.

They said Bitcoin would never get paid or into the $100s soon past that then people saying never get past $500 but happened and then went to 1k area but soon went poof all way down but expected to go up by end of the year.

saying that bitcoin went to 1k despite what people said, and equating it to bitcoin being able to take over as a world currency.. is just kind of stretching it, don't you think?