all that talk about mass adoption and price skyrocketing, especially in 3rd world countries.
did any of you consider scenario where mass adoption leads to massive price decrease?
the more people use it to transfer value (transfer as opposed to hodl) less value it has.
did any of you consider scenario where mass adoption leads to massive price decrease?
the more people use it to transfer value (transfer as opposed to hodl) less value it has.
Perhaps you can talk us through the precise mechanism whereby millions of people buy in to bitcoin but the price falls.
Quantity theory of money, equation of exchange, velocity increasing, ceteris parabis.