You are viewing a single comment's thread from:

RE: Wow - weren't we all plain wrong!

in #bitcoin7 years ago (edited)

I hate to admit it....but I also believed that BTC's fiat price would drastically drop because of the hard fork. I still can't understand why. For example: If I were to double the amount of currency available but the "football stadium capacity" still remained static...wouldn't the purchasing power of the currency cut in half? It's double the currency in circulation chasing the same finite amount of resources. For some reason, Austrian Economics don't apply to cryptocurrency I guess.