Quote:
Originally Posted by Monotony
Bitcoins are finite. Once the 21 million is reached, they will ONLY rise in value. Pure economics. The only volatility they will experience is while they are being mined. The mathematics do not support the existence of bitcoin bubbles. Stop applying funny money principles to it for it doesn't compute. Bitcoins are in short supply and high demand. The only risk to bitcoins economically is a lack of demand and a limited supply of exchangers.
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well, gold is a precious metal so is it out of the question to glean some comparisons? perhaps.
a lot of people think gold can't crash, but it does and crashed big once along with tiny crashes.
but maybe you are talking about economic bubbles/financial crisis?
either way, you bring up the most important fact- btc is finite, and 90% will be mined within the nex 3.5 years, all of this will be sorted out within that time frame.