Originally Posted by thommy

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.