Quote:
Originally Posted by davew
It is difficult to predict when an investment speculative bubble will burst. It was at 18000 the day trading opened.
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He doesn't even realize the issue with such an increase. Unless it's very stable, it won't be a currency.
As straight currency, would the used car dealer take a $14,700 valued bitcoin over $14,700 in cash? No. It's too volatile. That's in addition to now having to find an auction house to accept bitcoins to buy his next car at auction and utility companies doing the same to pay his bills.
It's playing musical chairs. I'm happy with the fact I won't be left without a chair when the music stops.
