GoFuckYourself.com - Adult Webmaster Forum - View Single Post - When do you think BTC will hit 100,000 USD?

thommy · 11-04-2017, 05:21 AM

Quote:

Originally Posted by crucifissio

wow I have learned so much from this thread...

speculative bubbles apparently do not exist...they are a figment of my imagination...you see as soon as the price drops everybody will buy buy buy...amazing!...I will now go and buy a stock that is sharply dropping and make easy money on the rebound...

also exchangers apparently do not need money....all those years I worked as an egold exchanger I was tripping...operational capital is for idiots....I will go tell all currency exchangers on the street..."guys, do not be suckers and hold money, just wait for one customer to come with a short, and then tell him to wait for another customer to arrive with a long"...amazing!...I wonder why they put limits on cash outs?...maybe its because they do not want to make TOO MUCH money in one day...in any case it has nothing to do with operational capital

I needed bitcoin to pay for some dumbass social media accounts in bulk...I LOVED the convenience of it....having to jump through all them hoops to send irreversible funds to some russian LOL...LOVE IT...screw paypal and credit card...I HATE instant payments and not having to go through an exchanger and 1click payment and have buyer protection and transacting in a stable currency...HATE IT

I can see the value in bitcoin because its SO convenient for business LOL...its like using regular mail instead of email...its the shit! LOL...from now on I will do business by mail...I will literally send letters by post

the problem on every cyber currency is that it can not be balanced with the number of goods you can buy.

bitcoin was originally limited to 21 million - if you multiply that by 100 k you end up on a value of 2,1 trillion - that´s not such a big issue if there would not be the other crypto currencies and the real existing money.

the error in this discussion is always the same that cyber guru´s argumenst are: even the printed money is just a believe. but that is completely wrong.
if you wipe out the value of real money HOW can you give a value to crypto currencies?
if the real money would not have value the crypto currencies are just data and nothing else.

so crypto CAN NOT exist without the value of this real money.

and now we are at the REAL point.

if you add the value of all existing real money (what is at the moment at around 126 trillion) and add to that the value of ALL cyber currencies and assume that bitcoin will possible not be limited on 21 million anymore you reach a number of money what is much higher as the value of all goods produced in the world.

so what happens when there is more money in the market as goods?

correct ! the money will lose it´s value because it is REPRESENTING the value of production and services.
this number of production and services MUST be balanced with the value of existing money. and THERE is the thinking error.

with other words: it IS indeed possible that bitcoin reaches this 100.000 or even more but it can happen that you can buy a hot dog with french fries for this 100 k.