A nice pic showcasing why you should hold BTC longterm

Tyrantt

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Need some spare btc for a new PC

a nice pic that's making me sell all of my things and buy bitcoins for them. I can honestly see this happen, tho not exactly the same way, but hey, you can never know. Tho, 2030 is a little bit too close to today for bitcoin to jump that high, but regardless I got the idea. :p

Quote from: Harlot on May 30, 2017, 11:25:07 AM

Well obviously 2020 and 2030 is still a long way to go but really you are expecting 1 Bitcoin to buy you a supercar? Its 3 years from now and Bitcoin's price is still on the 2000$ level and from 3 years you are expecting that Bitcoin will reach 120,000$ (which is what a cheap supercar will be priced at) a piece? Can we be realistic here and let us not try to fool other investors in giving them a high expectation on Bitcoin.

I believe he just wanted to show how much bitcoin will be worth in the future, those years are there just to represent the future progress. He didn't mean literally in 2030. Cheesy

freeyourmind

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Quote from: olushakes on May 29, 2017, 05:22:42 PM

Seeing those picture wants be to start believing if I could have the power to go back in time to either get to join bitcoin earlier or even to reverse the sale of those ones I have made when I eventually joined. But the truth be told, if all of us should decide to hop without selling then I see worthlessness setting in because it then means exchange site won't have anything to sell which means they are likely to shut down and when those coming in wants to buy and can't find on the exchange sites, they then given up and the value drops even in our hands.

If you're going to get in the time machine, don't waste your time with bitcoin...just go win the lottery

And in terms of hoarding bitcoin...everyone has their price. Very difficult to get the whole world to agree to never sell. Plus some people use it to actually transact rather than use it as a storage of value.

Harlot

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Well obviously 2020 and 2030 is still a long way to go but really you are expecting 1 Bitcoin to buy you a supercar? Its 3 years from now and Bitcoin's price is still on the 2000$ level and from 3 years you are expecting that Bitcoin will reach 120,000$ (which is what a cheap supercar will be priced at) a piece? Can we be realistic here and let us not try to fool other investors in giving them a high expectation on Bitcoin.

icecube45

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Quote from: pereira4 on May 28, 2017, 07:17:06 AM

It doesn't take rocket science to see why this is the case.

-Limited supply
-First mover advantage (most trusted blockchain, which only gets more trusted as time goes on with no downtime)
-Real organic growth (no other coin can claim this unless they have a time machine, same for the previous point)
-Best developers
-Only safe store of value in the entire crypto system
-Every other alt gets measured against BTC

Buy and hold BTC, and you'll win in the long term.

Very good picture, friend. I very agree with the top picture and in my opinion it's a reality Cheesy

It maybe true, in a few years ago maybe with 1 btc someone can buy a phone but now with 1 btc someone can buy a motorcycle. This is a very real increase in bitcoin prices. There is a sense of regret at this time that I feel because a few years ago if I could hold bitcoin until now maybe I can get a lot of profit. But yes this is over, I will try to hold some bitcoin in the long term.

Csmiami

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Quote from: stompix on May 29, 2017, 12:16:34 PM

I might be mistaken but that's an aventador on the 2020 mark.
So 1btc - 500k$?
That's a bit too (way tooooo) much.
A 250x increase in 3 years? In 2014 we where at 800 level so....

But on the other hand BTC price was about 600€ on 01/09/2016 and in just 9 months, it gone to more than 2000€ so I think that anything can happen

linyhan

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Bitcoin is known to be as " a partner that is worth waiting and saving for" because of what it achieved after 5 years. And because of this picture many investors will surely invest into it and hold it for another 5 years.

Palodar

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Quote from: mundang on May 30, 2017, 07:16:25 AM

Indeed its a nice pic that giving inspiration to the young ones to invest into bitcoin while they are still young. I will teach my son about bitcoin when turned 12. Maybe he will have interest on it.

This remind me year 2015 when I started readinh something about bitcoin ,I should at least tried to do more savings by that time than just reading it.

mundang

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Indeed its a nice pic that giving inspiration to the young ones to invest into bitcoin while they are still young. I will teach my son about bitcoin when turned 12. Maybe he will have interest on it.

Slow death

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Quote from: Xester on May 30, 2017, 06:57:06 AM

Quote from: Kakmakr on May 30, 2017, 01:29:32 AM

A lot of people are not seeing the bigger picture, because they do not understand the bigger picture. How many people know that there will only be 21 000 000 bitcoins and how significant this is? How many people know how many coins are already lost?

We are reminded about this every 4 years when the Halving happens and then you see a spike in the price, when people see this in the media. ^smile^

I like the first picture, even though it is a bit exaggerated.

The picture maybe exaggerated that will be the future of bitcoins. When it will hit and touch a million dollar value then we can even buy a huge land, build a mansion and own a luxury car. Those are not far from reality if bitcoin will be accepted worldwide and by the majority of the population in the world. The only problem left is if we are still alive when that time comes.

We are in 2017, i think 10 years from now we will see bitcoin at a very high price

I also agree that the picture was an exaggeration

U2

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I used to be indecisive, but now I'm not sure...

What does the last chart mean? It's the first currency that isn't controlled by a central bank since 1450? What was used back in 1450 then? Just trading goods and services for other goods and services?

Xester

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Quote from: Kakmakr on May 30, 2017, 01:29:32 AM

A lot of people are not seeing the bigger picture, because they do not understand the bigger picture. How many people know that there will only be 21 000 000 bitcoins and how significant this is? How many people know how many coins are already lost?

We are reminded about this every 4 years when the Halving happens and then you see a spike in the price, when people see this in the media. ^smile^

I like the first picture, even though it is a bit exaggerated.

The picture maybe exaggerated that will be the future of bitcoins. When it will hit and touch a million dollar value then we can even buy a huge land, build a mansion and own a luxury car. Those are not far from reality if bitcoin will be accepted worldwide and by the majority of the population in the world. The only problem left is if we are still alive when that time comes.

xuan87

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Quote from: valta4065 on May 29, 2017, 04:02:16 PM

Quote from: stompix on May 29, 2017, 12:16:34 PM

I might be mistaken but that's an aventador on the 2020 mark.
So 1btc - 500k$?
That's a bit too (way tooooo) much.
A 250x increase in 3 years? In 2014 we where at 800 level so....

Yeah i think there is way too much enthousiasm around BTC.
Sure the technology is incredible. Sure there are advantages. Sure it's the first one. Sure price will only rise logically.

But network is horrible.
But community isn't exactly welcoming.
But adoption is taking so much time you might even wonder if it happens.

The end picture is probably BTC as a winner. But probably isn't 100% sure.
And even if it is, I think BTC is much more long term that what people seem to believe.

Its quite fair that you mention that, I knew that bitcoin still got flaw and need a lot of improvement,but you can't deny bitcoin is a very good investment and it's very profitable to invest in bitcoin and bitcoin able to give a better life for a lot of people, by giving job opportunity and extra income

Kakmakr

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A lot of people are not seeing the bigger picture, because they do not understand the bigger picture. How many people know that there will only be 21 000 000 bitcoins and how significant this is? How many people know how many coins are already lost?

We are reminded about this every 4 years when the Halving happens and then you see a spike in the price, when people see this in the media. ^smile^

I like the first picture, even though it is a bit exaggerated.

Sled

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Activity: 1680

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Bitcoin- in bullish time

Quote from: pereira4 on May 28, 2017, 07:17:06 AM

It doesn't take rocket science to see why this is the case.

-Limited supply
-First mover advantage (most trusted blockchain, which only gets more trusted as time goes on with no downtime)
-Real organic growth (no other coin can claim this unless they have a time machine, same for the previous point)
-Best developers
-Only safe store of value in the entire crypto system
-Every other alt gets measured against BTC

Buy and hold BTC, and you'll win in the long term.

There is no doubt that bitcoin will become a very expensive cryptocurrency in the future and those pictures are true because after 2030 the price of bitcoin is dramatically very high and a lot of people now are using bitcoin and demanding for more bitcoin and the only thing that we are going now for the price is to go up and the downs in the price right now is just for temporary.

jhenfelipe

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Activity: 1372

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The price of BTC today made people think that it's a good investment and better to keep in long term. Well, those who bought in the past years really gain from it now. It doesn't came to my mind that in 2020 1BTC can buy a Lamborghini or mansion in 2030, but who knows, right? Let's see. I keep some of my earnings and do trade some.

olushakes

sr. member

Activity: 476

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Seeing those picture wants be to start believing if I could have the power to go back in time to either get to join bitcoin earlier or even to reverse the sale of those ones I have made when I eventually joined. But the truth be told, if all of us should decide to hop without selling then I see worthlessness setting in because it then means exchange site won't have anything to sell which means they are likely to shut down and when those coming in wants to buy and can't find on the exchange sites, they then given up and the value drops even in our hands.

Argotone

newbie

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Merit: 0

Most of those pictures are quite biased, like the first one. If something has increased in value in the past, doesn't mean it will in the future.
"Past Performance Is No Guarantee of Future Results".

Don't get me wrong, i'm in BTC and i still think we are in an early stage where it is super-undervalued even at 3000$ but let's not lose our logical reasoning and be blind bulls.

valta4065

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Quote from: stompix on May 29, 2017, 12:16:34 PM

I might be mistaken but that's an aventador on the 2020 mark.
So 1btc - 500k$?
That's a bit too (way tooooo) much.
A 250x increase in 3 years? In 2014 we where at 800 level so....

Yeah i think there is way too much enthousiasm around BTC.
Sure the technology is incredible. Sure there are advantages. Sure it's the first one. Sure price will only rise logically.

But network is horrible.
But community isn't exactly welcoming.
But adoption is taking so much time you might even wonder if it happens.

The end picture is probably BTC as a winner. But probably isn't 100% sure.
And even if it is, I think BTC is much more long term that what people seem to believe.

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: CARrency on May 29, 2017, 03:42:36 PM

[...]just makes me cry about how much I've wasted my bitcoin

Been there done that.

Long squashed before it got interesting Cry

Reminds me to HODL, set my own targets and stick to them.

batang_bitcoin

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Merit: 603

1 BTC on 2020 is a sure Lamborghini well it's very possible we've got 3 more years to go. But I've been looking forward for a pretty nice house 13 years from now. And hoping that my 1 BTC will be having a simple house. Demand = supply will always matter to bitcoin, since it has limited supply the demand will increase as we are reaching to mine all of it. Just keep hoDLing!

Topic: A nice pic showcasing why you should hold BTC longterm (Read 1305 times)