Bitcoin is ballon ? BOOM !

in #life7 years ago

Hello Friends, 

Bitcoin breaks new records one after the other and warns about the crypto currency. The last warning came from famous economist Stephen Roach from Yale University professors. Roach described Bitcoin as a 'dangerous speculative balloon'.

what do you think about bitcoin ? 

Sort:  

I think that if the total supply was 10 000 times larger(1.21 trillion coins), that would put the value of bitcoin at around $2 (given todays marketcap). From what I could find on a not so thorough internet search, there are about 1.55 trillion dollars in circulation. By this comparison, Bitcoin is worth just slightly more than a dollar given equal supply. If we also consider in the fact that not all bitcoin has yet been mined, and we also consider that a lot of it is lost, Bitcoin still has some more room to grow. I guess from now on, it will depend on whether people trust Bitcoin more than the dollar.

you are absolutely right

The @OriginalWorks bot has determined this post by @hotmoney to be original material and upvoted(1.5%) it!

ezgif.com-resize.gif

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

Congratulations @hotmoney! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received
You got a First Reply
Award for the number of upvotes
Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!