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Showing 4 of 4 results by Merlinn
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Board Beginners & Help
Re: Living on 2 BTC for a week
by
Merlinn
on 17/01/2014, 06:09:22 UTC
Cool initiative!! Wishing you the best of fortune - may the Bit be with you. Wink
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Topic
Board Beginners & Help
Re: is btc dead??
by
Merlinn
on 17/01/2014, 05:56:09 UTC
BTC is already becoming a more useful and liquid medium of value, as Overstock and other retailers begin accepting it as payment for goods. The future is bright. Smiley
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Topic
Board Beginners & Help
Re: hoarding bitcoins
by
Merlinn
on 17/01/2014, 05:11:07 UTC
The value of Bitcoin is a matter of what it has the purchasing power to buy. Sure, a major aspect of coin hoarding is related to speculation, but on the flip side, until there are mainstream merchants where you can easily convert your BTC to a purchased item, hoarding is encouraged.

Once there are more outlets to spend Bitcoin and it becomes more liquid, I suspect that hoarding will lessen significantly.
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Topic
Board Beginners & Help
Re: Will bitcoin reach $10,000 one day...?
by
Merlinn
on 17/01/2014, 04:47:38 UTC
I believe that once the number of Bitcoins left to be mined diminishes and there is more widespread merchant acceptance, there is a strong possibility that a single Bitcoin could be worth $10,000, similar to a blue chip stock like, Berkshire Hathaway.

However, I believe that such an increase in BTC value would take at least 3 years to occur.