What is different about Bitcoin is that the amount of it will be fixed, therefore no monetary inflation is really possible
Until the day that everybody decides the bubble is over, at which point the value of the bitcoin drops to zero. But hey, you might make some real money in the meantime!
Until the day that everybody decides the bubble is over
Same thing can happen with any fiat currency, like the dollar or the euro. Actually, the same thing can happen with any currency, period. Even with a gold-backed one. If science finds a way to make gold without mining it, gold would drop in value.
True. All that gold and dollars have that bitcoins don't is hundreds and/or thousands of years of history and billions of people who think they're worth something.
Until the day that everybody decides the bubble is over, at which point the value of the bitcoin drops to zero. But hey, you might make some real money in the meantime!