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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying

quote:

Is this a true sign of inflation due to money printing?


Probably not. I think most of the recent rally is due to events in Europe.

However, long term, the price of bitcoin will be an accurate reflection of inflation.

quote:

It is amazing how fast the price of bitcoin is rising.


It frustrates me. I keep expecting a correction.


mikebtiger91
Navy Fan
Slidell
Member since Sep 2005
254 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:

Probably not. I think most of the recent rally is due to events in Europe.


You are probably right, I would expect it the BTC to continue higher if so.

quote:

However, long term, the price of bitcoin will be an accurate reflection of inflation.


This cannot make the government happy. I expect to see continue controls over Bitcoins by governments.

Right now, Bitcoins may be the only free market and best indicator for long term inflation. However, it still has risks of being hacked or regulated.


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
23183 posts
Online

re: Ultimate Bitcoin Thread - Bitcoin rallying
quote:

Probably not





Probably?


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