Could Bitcoin’s Price Reach $1,000,000? (ARK Invest)

[semperfrosty]

Because no one else would care about price stability? Really?
Having a reasonably stable currency to price things matters everywhere.


[/QUOT

Adoption in parts of Africa and indeed South Africa is ahead of the curve.

I expect it is extremely useful for corrupt officials. Then there is also the ransomware aspect...

https://guardian.ng/technology/ransomware-hits-71-of-nigerian-organisations/

Ahead of the curve indeed.[/QUOTE]

Because no one else would care about price stability? Really?
Having a reasonably stable currency to price things matters everywhere.


[/QUOT

Adoption in parts of Africa and indeed South Africa is ahead of the curve.

I expect it is extremely useful for corrupt officials. Then there is also the ransomware aspect...

https://guardian.ng/technology/ransomware-hits-71-of-nigerian-organisations/

Ahead of the curve indeed.[/QUOTE]

I don't think I referred to price stability at all.

Your response is defensive because you have misinterpreted the tone of my post.Easy to do.

To respond though,I would suggest that the more regular and minor the day to day payment,the less that any volatility would be of concern.As the price of an item increases so does the awareness of the exchange rate.That is not something that is exclusive to BTC.Furthermore you are saving on bank and transaction fees so chances are its a wash.

Obviously less volatilty is desired but I would expect that to come in time.

 

[The_Krakenite]

I’m sure this time is the real bubble tho right?

Yes, THIS time is different. I was reading tea-leaves, so now we have positive proof that it's the end. Finally we can put this ponzi to rest.

Bitcoin is going to Zero!!!!

And we really, really, really mean it this time.

 

[themickey]

Yes, THIS time is different. I was reading tea-leaves, so now we have positive proof that it's the end. Finally we can put this ponzi to rest.
Bitcoin is going to Zero!!!!
And we really, really, really mean it this time.

That's like proving guilt in court without the proof.
Where are you getting your facts from?

 

[Overnight]

That's like proving guilt in court without the proof.
Where are you getting your facts from?

From Dan Pena...

 

[The_Krakenite]

It always cracks me up when Pena refers to BTC as BitFuck! lol

Now, obviously he made money, because he talks about making the 'great' call... ok, but since he KNOWS the guy (not the 'fucking' Japanese guy in a cave), isn't that... insider trading?

 

[Overnight]

It always cracks me up when Pena refers to BTC as BitFuck! lol

Now, obviously he made money, because he talks about making the 'great' call... ok, but since he KNOWS the guy (not the 'fucking' Japanese guy in a cave), isn't that... insider trading?

As I have said on some other thread (or maybe it was this one)...If he is so sure that when the identity of the guy who created bitcoin comes out it will go to zero, and he knows the guy, then he should be loading up on shorts, and then just announce who the guy is!

Instant free money!

Bottom line, he is talking out of his ass. He does not know "the guy", and is short a fuckton of BTC that refuses to go down below his average short price. The guy is going to lose that zoot suit as the BTC price creeps up and up and up. He mentioned 19K. Well, where is it now. 30K. Hmm. He is buggered.

 

[maxinger]

Yes, THIS time is different. I was reading tea-leaves, so now we have positive proof that it's the end. Finally we can put this ponzi to rest.

Bitcoin is going to Zero!!!!

And we really, really, really mean it this time.

I hope it will happen within the next few years.

I want to profit from this mother-of-all-Tulipmania.

 

[themickey]

Dan Pena has similar speech and body mannerism as a FOS pulpit preacher predicting hellfire.