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<p>[QUOTE="Sunbird, post: 5178301, member: 116324"]I'm struggling to understand your perspective. You can buy any amount of Bitcoin, unless we're talking about billions of dollars worth, and we're unlikely to be talking about billion dollar transactions here.</p><p><br /></p><p>You think that Bitcoin can't double because it's worth X right now, where X ≈ $20,000? What's the significance of that number? It seems like you're getting hung up on the current price, first thinking that the price somehow prevents people from being able to buy it, which is incorrect, and second, thinking that its price means it can't increase as much as stocks, which is an arbitrary sort of belief.</p><p><br /></p><p>The guy who started this thread made a ton of money if he held his Bitcoin. He made far more than he would've with stocks, at least stock indexes. I've made quite a bit more with Bitcoin than from my conventional investments. There's nothing special about the current price, $19,000 or whatever. What matters are the long-term outlook, all the factors that will influence it, etc. <i>A priori</i>, there's nothing about any particular number or price that would tell us anything about its future performance – it seems like you're hung up on the current price because it feels large to you. But that's arbitrary. No one knows what high or low is with respect to Bitcoin, and there will never be a stock split equivalent for it, so the price can easily climb far beyond its current level.[/QUOTE]</p><p><br /></p>
[QUOTE="Sunbird, post: 5178301, member: 116324"]I'm struggling to understand your perspective. You can buy any amount of Bitcoin, unless we're talking about billions of dollars worth, and we're unlikely to be talking about billion dollar transactions here. You think that Bitcoin can't double because it's worth X right now, where X ≈ $20,000? What's the significance of that number? It seems like you're getting hung up on the current price, first thinking that the price somehow prevents people from being able to buy it, which is incorrect, and second, thinking that its price means it can't increase as much as stocks, which is an arbitrary sort of belief. The guy who started this thread made a ton of money if he held his Bitcoin. He made far more than he would've with stocks, at least stock indexes. I've made quite a bit more with Bitcoin than from my conventional investments. There's nothing special about the current price, $19,000 or whatever. What matters are the long-term outlook, all the factors that will influence it, etc. [I]A priori[/I], there's nothing about any particular number or price that would tell us anything about its future performance – it seems like you're hung up on the current price because it feels large to you. But that's arbitrary. No one knows what high or low is with respect to Bitcoin, and there will never be a stock split equivalent for it, so the price can easily climb far beyond its current level.[/QUOTE]
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