Post
Topic
Board Speculation
Re: $10,000 when?
by
DomoMan
on 21/08/2014, 22:56:19 UTC
I would say Never even if I'am new on Bitcoin ... but I see that it was about 600$ last month ... and it's dropping badly this month 480$-520$ so .. yep  Cry
It's rising, 518$ now. These flucuations are normal in bitcoin. If we have a big rise like in the beginning now, we would end at around 2000$. 10.000$ is far away but I wouldn't say never. At the same time, fiat is suffering from inflation.. so I hope BTC rises faster than fiat inflates

You're misunderstanding inflation. If 1 btc = $100 USD, and USD is experiencing 2% annual inflation, if nothing else changes that btc will be worth $102 in a year. Inflation will cause the price of btc to rise, if you are measuring btc value in that currency that is inflating.

Indeed, btc only way in the long run == UP