Topic: $100,000 and $1,000,000 Bitcoin - page 2. (Read 678 times)

When I got my First DOGE it was here on Bitcointalk in a Thread where People said "POST YOUR WALLET AND GET FREE DOGE", these Threads are now not allowed because it Fills up the Forums with just Wallet Addresses which aren't Good for SEO, Storage Space, or any of that. And they were giving out like 50,000 and 100,000 at a Time.

Those are $0.20 Cents now. And what is it, 50,000 in a Block? If I had been Cloud Mining DOGE since then, I would be Rich.

And if You Cloud Mine a Good Coin, You can get those same kinds of Returns, that is just a Fact. I never thought DOGE would be 20 Cents when I was getting the Free 50,000. And that is just like You now. You're there now.

It is possible for that to happen, but for 1 million bitcoins, I think it will take more than a decade, or it depends on what happens in the market. So I haven't thought about that yet, but who doesn't want to be 1 million for each bitcoin? Of course, if you have bitcoin and become 1 million, that's a very good feeling.

But of course we're only talking about the realistic things that can happen and not the unrealistic things that will happen, so I think that the post topic you made didn't help you get hyped by other communities in this field.

You can do it any way you want as long as you can get Bitcoin. There are many ways to get Bitcoin and the most important thing is that Bitcoin can be owned. From what you said I think people no longer have that kind of thinking in assessing Bitcoin because Bitcoin has no longer been proven to be an arbitrary asset that can be wasted.
The entry of large companies and most institutions as evidenced by the approval of ETFs increasingly proves that the pessimistic opinion towards Bitcoin is in the minds of people who don't know Bitcoin at all.

Bitcoin is adopted by less than 5% of the population. That means that there's a lot of new potential demand, for almost the same supply of Bitcoin, considering that supply is growing very slowly and will grow even slower. Bitcoin is growing naturally. We don't need to get into mining, there's no need to do anything but wait and watch. Maybe it will get to 1 million per coin, maybe not. But there's nothing we should do to try to boost it.

The people who didnt believe in bitcoin and who are jealous, they spread the word "bitcoin is dead". Everyone else may have been disappointed that the price was so low, but I dont think they stopped believing in bitcoin. And everyone who did that should now be happy that they were right and didnt give up.

I think also, yes it comes!

There is no such thing as "good" cloud mining and just because a centralized shitcoin that were earned from such services got pumped temporarily you can't  call it "good".
There are only cloud mining services that haven't died yet. They are either Ponzi scheme with 100% fake mining power from day one and scam people like any other Ponzi scheme would or they have some hashrate but because this business model is not sustainable (specially if they give "GREAT profit"!) they have to turn into a Ponzi scheme to survive a little longer before they die too.

I don't trust cloud mining services because they are scams, mostly, it is also not possible to mine anything with laptops of home computers anymore in my opinion, and even if there are some tokens and coins that you can mine with a personal computer, they would probably need you to spend more money on electricity bills than you will get by selling those coins or tokens because they would be worthless and this mining process doesn't produce anything but losses for the individual.

Talking about the price of Bitcoin, most of us are optimistic that we will see it hitting at least $100k this bull run because it has changed the pattern a little bit by hitting a new all-time high before the halving event which means we have seen a wave of the bull run before the halving this time, and in the second wave, we expect to see it crossing $100k.

I was Selling at $1,000, and I was just Surprised it was $1,000 each, I expected $10,000 but I also didn't think I would Stop Earning 7 Bitcoins a Month after just a few Months. We need more Websites like DevTome connected to DevCoin, it would be Good Competition for Steemit and HIVE if there was a bunch of DevTome Clones.

I’m not sure why I said almost. Maybe just to give a little grace but you can’t tell me that you know someone who had access to their Bitcoin and they bought it when it was at $30 and has held it every single day till this day. I mean… they had access the whole time but never decided to trade it. Not even to trade it and buy back some other time. That’s impossible. Someone who buys at $30 and sees an opportunity to sell at $10,000. That’s a lot to say they wouldn’t. After watching it grow.

Since Everyone is wanting to have Discussions Other than Cloud Mining. There is also some Money in NFT Games. This is kind of more an Ethereum Topic, but Crypto-Kitties was a Game where there was Cat Breeding, and You could get more and more NFTs by Breeding the Cats, that was the Mechanism for Minting. And so that Shows 2 Aspects that People can look at to Develop if we not Compare that to Monkeys and Frogs and Dogs.

The Dog Memes:
These are just Funny Memes, like any Meme. DOGE may have some Secret Shamanistic Origins in the Name, as DOGE is a Funny Spelling of Dog, but it is also the Word for a kind of Shaman.

The Frogs:
The Cult of Kek was Founded on Chaos Magic, so the Discussion of Pepe being a Servator or a Tulpa, or an Egregore, this is not just a Philosophical Discussion. Pepe the Frog comes from the Cult of Kek and the Egyptian God of Chaos, which was a Frog, Other than Set, it was Kek. Kek is the kind of Chaos Opposite of Hapi, Hapi is another Frog God (of the Nile Floods). But the Cult of Kek and Pepe the Frog is Chaos Magic, which Regularly gets into Tulpas, and Servators and Egregori.

The Monkeys:
This comes from the Original kind of Stoned Ape Series, and they became Popular, and I am not sure which came First (I'm sure someone else has Written about it) but at some Point the Ground Level Investors, and the Small Investor, and the Newbie to Crypto with no Money, and even the experienced Crypto Trader than isn't a Millionaire, these were all Called "Apes". So the NFTs became Popular as kind of an "Ape Mechanism of Financial Independence" by Buying NFTs that go up in Value, that are Monkeys. So the Monkeys became Popular. An Ape is basically a Minnow we could say, or a Dolphin, and the Term Ape is like the Opposite of a Whale, the way Bulls and Bears are in Wallstreet. But Bears and Bulls are People that Buy and Sell at Different Times. Whale and Ape is more about how much Money a Person has. But Ape is also kind of a Statement of Ingenuity and New Projects. Kind of "Users of Tools built by the Whales".


But the Point being, there could be NFTs that You Breed. And People like Raising Stats of Creatures. Like Chao(s) in Sonic the Hedgehog (which Names are Chaos, like "Chaos Magician" a Chao Plural, is Chaos). But People need more kind of Games that are Full Fledged, instead of just Roll (Dice Type) Based RPGs (which most are). Most of the Games are Potion Cards, and Weapon NFT Cards, like Card Games, like Magic the Gathering. There needs to be a more Paternal Aspect to the Games. And both Children and Adults do this, like Tomogachi. And even NeoPets was this. Basically there needs to be a Cryptocurrency NeoPets. And HoloZing might be that.

Like, Watch this whole Video:
https://www.youtube.com/watch?v=ktvTqknDobU

That's what a lot of People like in Games and Things, like Fighting Animals. But usually Taking Care of them is a Big Part, maybe even more important than the Fighting. Look at Animal Crossing.

But this is Altcoins Discussion now.

The Point being overall, just Reiterated,
People can make Games if they don't want to Invest in Cloud Mining. Make a Game. We need People to make Games.

But I know most People can't do that. And if anyone is looking for where there are already Things Happening, and there are Games where You can Run around and Kill Each Other with Guns using NFTs You wear, there is WAX Blockchain.

Another cycle or two??? Dude, try to be realistic. $100k will happen this cycle, but $1 million is very very far away. Assuming the four year cycle holds, which it probably won't by the time $1 million gets hit, $1 million probably absolute earliest is 12 years away, but more likely 16 years away, and very possibly 20 years away.


Some of ya'll need to learn about diminishing returns. Like notice how 2017 was 18x from previous cycle high, but 2021 was only 3.5x from 2017 high. From here on out 2x would be a good cycle, which means minimum 3 cycles, and likely 4, so as I said, 12 years perhaps possible, 16 years pretty decent chance.

2024 is Definitely a Lesson for Everyone, and we could say 2022-2024, much like when we all Learned about Bear Whale, who was Keeping the Price Low for Years. If anyone doesn't know who Bear Whale is, or what his name means, it's not a Nickname he chose for himself and I'm not sure anyone knows his name. But it was someone who got a bunch of Bitcoins for Free by Mining Early Early, or he bought them all at $0.25 each or something, but he was a Person that was willing to Sell his Coins for about 10% of what he could have, just to Lower the Price to 10% of what it was. He would Lower the Price, and it would SCARE THE SHIT out of Everyone, and they would "Sell, Sell, Sell" in Fear, which is FUD, Fear, Uncertainty and Doubt. And so what Bear Whale means is he is a Whale (has many Bitcoins) and a Bear (Likes to Buy Coins when they are at their Lowest Price, instead of as they go up and up). And Bear Whale was a Lesson for Everyone, and in 2024 there was a Similar Lesson. We actually Started a Recession this Time with FUD, FUD Started a Recession. World Wide in all Currencies, when Bitcoin went to $20,000 the Entire World Economy Collapsed. El Salvador had said when the Bitcoins were $60,000 each "We have lost so much" and Binance came in to support them, and then the Floor Dropped out. And Bitcoins Started Falling, and it seemed like there was no Floor and it would Fall forever, until it hit $20,000 and People decided that was Cheap enough to Buy some.

But then most People Walked around saying "Bitcoin is Dead!!!" at $20,000. So it has been a Lesson for a lot of People, just to see it back now above $65,000.


Definitely, I would say if You CAN'T give up the Money You are Spending on Bitcoin, that is Give that Money up for 3 Years. If You will NEED that Money Back before 3 Years, don't even get Bitcoins. And Really that 3 Years should be 100 Years. If You need Your Money back in the next 100 Years, don't Buy Bitcoins. Do something else, get more Money, then Buy Bitcoins.

I think 100k$ is not so hard but it will also take time may be till the end of this year or next year but hopefully it will become true very soon. 1M$ will takes so many years so it's not a matter of one or two year. May be some more halving will bring bitcoin to this value so we have to wait for years.

Actually everything needs time and without a proper timing achievement is not easy so you will be patience in order to face fruitful circumstances. Now bitcoin is 68k$ very near to 70k$ so 100k$ will achieved till the end of this year.

Happy to hear that you have been invested in Bitcoin at such a early stage. Making such kind of returns like you did are life changing and you should be proud of yourself. It's good to try and learn from the past and take this as a basis for the future development of bitcoins, but it's not a guarantee that the price is going to move in a similar pattern. Especially the sudden price rise in 2024 shows how quickly the conception of Bitcoins are going to change. I always expected that once a new ATH is reached there will be a big sell off from people that take profits. The sell off this year was quite small and the Bitcoin price did well to stay above 60,000 USD. That is why I think that the 100,000 USD level is going to be broken fairly quickly. As for the 1 million level it's going to take much longer, 100 years might be a bit much, but 20 years seems more realistic for me.

I Lost my Password


You are saying that Bitcoin is much like Gold, and that makes sense. The Best Indicator of this kind of Valuation would be Venezuala, and maybe Argentina. From the Beginning, People were like "Why are these Countries all Buying Bitcoin" and that is why they are Buying Bitcoin. Because their Currencies go Lower and Lower like a Limbo Contest, and they can Buy more of it with Bitcoins once it goes Down. They just have to have Bitcoins. So they make sure they do.


What I think the Best, Best Strategy is, is: Create Your Own Currency, Post all the Announcements both here and on SocialFi (most people stopped Posting here on Bitcointalk), and then Buy Bitcoins from the Standpoint of having Your Own Currency. If not, Join a Currency You like the Community of. But, there is YET to be a McDonalds Coin, YET to be a Walmart Token, Yet to be a State Government Mining Program, or Even a Bitcoin Town where Everyone's Houses are Built with Mining Integrated into the Home. All of this has Yet to Happen, so there is Plenty left to be a Part of.

I would say we are at the Beginning now, when we were all here and it was $5 and $30, that was the Beginning, but just because Everyone that Bought in at $5 is Selling for $65,000 and You can NEVER do that with them because they won't be $5 again, doesn't mean we aren't at the Beginning Still. Bitcoin was just a Test, the Most Important Blockchains are Yet to Come.


Telling People to "Buy Bitcoin, and HODL!" is often a Scam, the People all Over Twitter that said "Buy at $60,000 it's CHEAP" had no Idea it was about to Drop to $20,000. And if You were Cloud Mining at $20,000 You wouldn't be Mad about it now.

And, I also mentioned that more People need to get into Cloud Mining and Run it with Other Companies. Because basically, what the Cloud Mining Company is Banking on is making more Money Selling You the Mining Power, than they would Mining on their Own. The Only Saving Grace You have as a Cloud Miner, is the Price Spikes, the Moon Ramps. And if You set up an Account for someone else, as a Gift, it's Better than just Giving them Bitcoins to Cash out. Someone getting $3 a Day or Less (most Cloud Miners, most Miners Generally make less than $3 a Day) maybe is a Better Gift than the $1000 all at once. Because then once a Month they Log in and they are like "Wow, another $100".


There have been Good Cloud Mining Companies, I know one that went out of Business that I was Using, and if You Mined DOGE on it (it was one of the Early Ones) You made a GREAT Profit, and I'm sure actually now if You Mined Ethereum on it then also, now those Ethereum are what, $1000 each? I remember when ETH was $7 as STEEM was getting Started, and it was Cheaper, but I remember Specifically when it was $7. So Buying Mining Rates for all of those were Extremely Cheap then. You just have to be Smart with the Cloud Mining.



If You want to Buy an AntMiner, or whatever You are going to Buy, You can do that and Hardly make the Money to Pay for the Electricity. What exactly would You suggest for Mining? And how does that get People Closer to being able to get Coins? Because Most People can't Mine, and will NEVER LEARN.

NEVER.

THEY WILL NEVER LEARN TO MINE.

And there has to be Other Ways for People to Start to Learn to get Coins. And that also involves Altcoins, but this is not the Section to Talk about Altcoins.


A Cryptocurrency Generally is Very Much like a Ponzi Scheme. To Avoid Ponzi Schemes avoid:

1. HYIPs (Not all are meant to be Scams, but it hardly Works)

2. High ROI Promises, like 100% Back Every Day, or 100% per Week. Something like 24% Per Year is much more Workable. This goes with HYIPs.

That is the Main way to Avoid Ponzi Schemes.

Then, a Cryptocurrency as I said, is Often like a Ponzi Scheme. The Best way to Avoid this is to be Running a Blog, or Other Website, and using the Ad Revenue to Fund Your Currency. Any kind of E-Commerce Website, or any High Traffic Website with Ads could back it up. And then the Main one I talk about, there should be a PIZZA COIN and SANDWICH COIN, where You Mine and can use them at their USD Value to get 50% at Your Shop. That way it's not a Ponzi Scheme.

Those are Techniques to Avoid Joining, or maybe even accidentally Starting, a Ponzi Scheme.

Because we are Talking about Ponzi Scheme and People want to Trash Cloud Mining even though there are some Good Cloud Mining Platforms. Here is the Best Thread on Bitcointalk about DeFi, You can get into DeFi:
https://bitcointalksearch.org/topic/--5296168

And that Thread also Covers Ponzi Schemes, and Frameworks for Smart Contracts to Earn Money. I always suggest People use an Altcoin THEY MADE to Buy Bitcoins, instead of using their Hard Earned Money just to HODL. HODL, but make sure You have Your Own Currency. Your Currency will go up when Bitcoin goes up, You just have to get on the Exchanges is the Hurdle.

There is a reason why you don't see "many" cloud mining sites. Only one or two of those exists. It is for the fact that cloud mining isn't profitable for anyone. Not even for the customers. It will take ages for you to get your ROI. And do you really think if cloud mining was profitable, there would only be two of those companies? Nope, everyone would rush into it trying to provide the best profit. And most of the cloud mining services that used to exists were some kind of ponzie scheme or a scam. They still do popup now and then. Its just that people are now more aware of these scams and avoid it like a plague.

People will always say a lot of things. You will notice that it is specifically those people that actually had the chance to invest, but now regrets that they never invested. More like they being salty and now tries to trash talk as much as they can about crypto. I bet these are the same group of people that would invest in bitcoin with no second thoughts if they could go back in time.

I've done the reading and let me tell you OP, I would advise that you need to collect your thoughts because you're going on a tangent every sentence which leads to your opinion that bitcoin will lead to 1 million USD and I think that you could've easily explained all of that in a much shorter way. Now look at all the posts in your thread, the posts don't take you seriously which is really sad not to mention that you've mentioned cloud mining which we all should've known by now to be a scam and any way, shape or form you say it, you aren't going to excuse yourself that you think it's a legitimate services.

In reality Bitcoin is almost reach $100k and one thing for sure it will reach beyond 100k like what you said mate maybe not in this year but next year it will reach and once its happen then that is a good rise. So nowadays it's time to buy cause when it will rise so we can get more profit in the future. And maybe it will reach 1 million for next ,5-10years it is too long but if it is then many investors will got reach.  But for now we need to observe the market so that we can make a good decision if we want to buy or not .

This thread is a pure trap for promotion of cloud mining services and the story that you have made seems a made one to me. The reason I'm saying that is because if you were aware about Bitcoin when its value was around $5 then you would be a millionaire or a billionaire by now, and surely a millionaire or a billionaire shouldn't need to use a newbie account to create his/her posts on Bitcointalk.

I know that if we look at the price values that you have mentioned then it's possible for Bitcoin to reach $100k by the end of this year or at least when this bull run reaches its peaks, and I'm sure that Bitcoin will also reach $1M within 2 decades, but you could give those predictions without mentioning about cloud mining. However, you gave those predictions only because you wanted to promote your cloud mining scam company and that's why I find this thread as a pure trap.

Bitcoin always knows how to surprise everybody but I don't think we will ever see it again below $40k, and I'm already being extremely conservative because for me $50k could be the new lowest price. Regarding reaching one million is a matter of time, especially because of inflation. Probably by the time bitcoin will be worth $1 mln the buying power will be the same as today's $500k.