| > 1. Hyperinflation (where I think we're headed) It would be unfortunate then if there was a large amount of evidence that Bitcoin's price was partially tied to the stock market's health, and that global volatility and market issues in general affected the value of cryptocurrency just like they affect the price/value of everything else. > 2. Natural transition I think this is what a lot of us are getting at; Bitcoin as it stands is worse at transactions then pretty much every other currency and platform today. It's not competitive with those platforms for most people. That's not to say that it has no usecase at all, but for mass-market adoption and for the average person's use-case, Bitcoin is an awful transaction method. So when people tell me that I need to think long term, I'm curious how they expect to get to the long term given that in the short term Bitcoin is basically awful for mass-market usage and isn't going to be adopted by ordinary people for ordinary transactions until after its fundamental problems like volatility are solved. So it all feels pretty circular. You're telling me that stabilization requires increased use. In your words, "a system like Bitcoin if adopted at a standard-level (i.e., long-term prospects) would not see fluctuations in price because it wouldn't be able to". I am telling you that Bitcoin won't get increased use if it doesn't (at least) stabilize. So it doesn't really matter whether Bitcoin would have fluctuations at that point, because nobody who's not a speculative investor, dedicated to the cause, or an extremely niche user wants to deal with the fluctuations in order to use it as a currency today. |