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by matheusmoreira
1918 days ago
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> Are you seriously implying that a Bitcoin will be worth $500,000,000 over the next decade? Why wouldn't it? Is there anything that would put a cap on its price? The value will keep increasing for as long as people keep believing it's valuable. It may or may not reach absurd prices like 100 thousand dollars or more. I think there's a good chance that it will. The set of people who value the coin keeps growing. It's grown to the point even companies are buying bitcoin now. > Are you really not able to think of practical circumstances which would cause the price of Bitcoin to go down? Sure I can. People could attempt to sell large quantities, crashing the market. Bitcoin itself could be attacked in any number of ways. Electricity costs could be adjusted to reduce mining efficiency. Nation states could seize control of the network via 51% attacks. I'm not really sure whether these events will come to pass though. |
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