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Replying to Avatar Laeserin

I am just saying that something that rises inexonorably in value is actually something that will eventually become less attractive for normal trade and moves back into being a reserve asset or used in large financial transactions, like buying petroleum or purchasing a home.

Nobody is going to pay for some bubble gum at the supermarket with 0.0000000000000001 Bitcoin. Most people don't own any Bitcoin (directly), and it might even stay that way. Most people also don't own any gold or silver or dollars or Treasury bills, and yet, they transact every day.

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imnuso 1y ago

Bitcoin growth is a function of fiat and bitcoin.

Bitcoin itself will reach equilibrium because the network effect is limited to the absolute number of people and entities on this planet.

Fiat will collapse and therefore stabilize prices as it will no longer be used as a denominator for goods and services.

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