Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: roykiyosi on October 07, 2018, 02:17:36 PM

Title: Bitcoin becoming the sovereign currency
Post by: roykiyosi on October 07, 2018, 02:17:36 PM
What bitcoin has done in the past has proven that it is a legitimate place to hold and build wealth (I always like to think of it as gold). the market is ranging between .5-.8 trillion. Experts all have no doubt it will reach 5 trillion, and a lot of experts even say that it could and maybe even will be worth 1 million dollars one day.

So for the purpose of this topic, lets just assume all this is true and here we are 2 years later and bitcoin is lets say 100k.
Everyone is freaking out because they fear the value of the dollar and other paper currencies will go down.

So there has to be a point in this transformation of worldly currency, that the value of bitcoin begins to overall outweigh the dollar in a way that its not worth holding anymore and should be invested into assets because from then on out holding bitcoin would have the value of a lot of dollars but because of that the dollar wouldn't be worth anything...so then at that point what would the bitcoin value even be based upon?

Do you guys think that (assuming everything i say becomes a reality) that it would get to a point where you'd be better off investing your bitcoins into assets because it has no more room to grow since the US dollar (and other paper currencies) at this point has become almost irrelevant?

Just a thought i had today and i thought it was interesting and that i'd share with you guys.

P.S. is there anywhere i can change my user? lol  Roll Eyes
Title: Re: Bitcoin becoming the sovereign currency
Post by: 212 on October 08, 2018, 03:05:47 AM
If in my country certainly has enormous benefits for the development of local currency. When prices rise very high, Bitcoin will more people invest. And the benefit to my country is to provide a positive impact and strengthen the local currency.
Title: Re: Bitcoin becoming the sovereign currency
Post by: sakura taruno on October 10, 2018, 08:19:51 AM
the possibility is very minimal for me to believe because bitcoin in my opinion will not be a legal currency in a country.
but if my assets agree ..
Title: Re: Bitcoin becoming the sovereign currency
Post by: Barkas on October 10, 2018, 08:37:32 AM
country currency? Which country? whereas in my country, bitcoin is still considered illegal by the government, if it is used for a country's currency it is definitely impossible