RE: BITCOIN: $1k invested in 2010 is now worth a cool $12.75m..!! As for a Target Price, "....pick your number..!!" by soushi888

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· @soushi888 ·
I don't know. I think that will stop to reffer to USD $ because, while the bitcoin and other crypto-currencie will grow, fiat monney will continue to decrease... Si it's will have non-sens to compare each other when fiat monney will be totally obsolete. When it will be, cryptos are gonna grow more than ever !
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@lyfo ·
Definitely this is very important. The USD$ cannot stand competition, eventually it will lose out as all other fiat currencies have. It is only sustained by force. So competition must be there to solve problems equitably. That way the best will thrive, the mediocre will improve and the poor will get better. Gold has always been the standard and may likely continue to be very important. There is a micro amount of Gold in every cup of seawater, it is a natural element. Nature put it there and in just the right proportion.

In other words when the dollar is gone or worthless, everything will have to be priced in something else -- the most tradable good. Cryptos do stand a chance to establish the new Standard. But I expect volatility which is not bad, it's a natural process.
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@soushi888 ·
It could be interesting to begin to compare crypto-currencies with assets like bitGold or bitSilver. It will give a more exactly idea of the value of those crypto-currencies.
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@lyfo ·
Problem right now is prices are rigged. Paper Gold and silver flood the market as if supply were unlimited. Meanwhile Cryptos have verifiably limited supply and thus are acting like precious metals. Everything is based on something else -- that's the Ying & Yang of it.
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