Bitcoin Top?

[Surprise]

"Not to mention that other alt coins are in a fixed supply as well"

The supply of Ethereum and I think Ripple are not fixed and can be increased.

Ya not all alt coins but many though are fixed ...

 

[Surprise]

20% of Bitcoin have been lost.

Fine but they replaced it with a whopping 42 million new coins .

 

[Pekelo]

Some stocks are inflationary,

And also almost all cryptos are inflationary too. Nobody gives a shit what will happen in 2140 when even my grandkids are going to be dead.

 

[Hoi]

Fine but they replaced it with a whopping 42 million new coins .

Great! With a whopping, $27 billion free money for all the original BTC coin holders. Something you missed.... man you could have had some for free as well, if you weren't a Troll

 

[Peter10]

but why would anyone prefer to store their wealth in bitcoin instead of the fiat currencies we are using? hacker can easily steal the bitcoins and there is not way they can be recovered back. just ask Mt. Gox

 

[Hoi]

but why would anyone prefer to store their wealth in bitcoin instead of the fiat currencies we are using? hacker can easily steal the bitcoins and there is not way they can be recovered back. just ask Mt. Gox

Governments can easily steal your money or inflate it to zero.

Ask people of Greece, Cyprus, Venezuela, Ukraine, Argentina, Zimbabwe, and soon your country !


Buy the way: a Trezor hardware wallet costs about $100, and is immune to hackers. (but you still can be extorted)

 

[lovethetrade]

How overbought is Litecoin right now, that's a shorter's dream for an easy 20-30 points.

bitcoin having a fixed supply doesn't means it will continue to go up forever, all stocks also have a limited supply of outstanding shares and stocks don't go up forever.

It doesn't work like that.

 

[Pekelo]

This post just shows how un/misseducated the average person is on cryptos...

but why would anyone prefer to store their wealth in bitcoin instead of the fiat currencies we are using? hacker can easily steal the bitcoins and there is not way they can be recovered back. just ask Mt. Gox

1. You could print out your wallet address and put it under your pillow. It can stillbe stolen, but the person doing it is called a burglar, not a hacker.
2. MtGox customers will get full refund. The owner has became a billionaire in the main time.

 

[Peter10]

Governments can easily steal your money or inflate it to zero.

Ask people of Greece, Cyprus, Venezuela, Ukraine, Argentina, Zimbabwe, and soon your country !

)

which country are you talking about?

 

[Illini Trader]

bitcoin having a fixed supply doesn't means it will continue to go up forever, all stocks also have a limited supply of outstanding shares and stocks don't go up forever.

Stocks are anchored down by sales and earnings increases, not at all comparable to Bitcoin which is a world wide accepted store of value easier to store and hide from theives , more divisible and more transferable than gold. Bitcoin does have a absolute limited supply while even gold has an increasing supply.

Gold and Silver are stores of value but their prices are controlled by the elite through the futures markets. You go to your dealer to buy a 20 pack of silver rounds and what does he do? He checks the futures market then adds on his 2 bucks.

No so with Bitcoin, the futures market is just play money for speculators and traders. The real price of bitcoin is controlled by who owns it and who wants to buy it and there are so few coins out there for sale. @Hoi is right in this comment about the millionaires. It indicates the potential of an untapped demand out there for Bitcoin.