A nice pic showcasing why you should hold BTC longterm - page 2.

CARrency

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Quote from: megynacuna on May 29, 2017, 03:17:49 PM

That's a great picture you put up there pal but I wish you at least added 2017 to it, maybe 2017, 1 BTC =1 MacBook.... lol. Just keep the fun going I love it.

These graph is really great, just makes me cry about how much I've wasted my bitcoin. I've been collecting bitcoin through faucets and PTCs but I didn't know these forum. We just hope these graph is accurate,we don't need to pay attention to market cap craps, we just need to wait and be patient.

potatopower

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Quote from: ivanst776 on May 29, 2017, 11:01:56 AM

"In 2020 1BTC = 1 Lamborghini" - too hard to believe lol. I hope this will become true. I was very skeptic that bitcoin price will reach 2000 this year but as we saw it almost reached 3000.

I'm holding and so I will in the upcoming years, because I see a huge and a greater potential of bitcoin to reach the moon.

yeah, of course it is impossible, though the main idea is real and it will sooner or later happen, because as we can see in the last month or so, bitcoin has a huge power to grow. More and more people are getting into it, new investors that are trying to invest in other cryptos have to use bitcoin as well, so the future for bitcoin as a store of value is definitely very bright. However, we will have to wait for a quite a while, to be honest I'm pretty sure the price is going to be dropping right now as there were a small drop after a new all time high and a bit of an increase, so unfortunately the next stop is going to be something like 1500 dollars

Hydrogen

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That first graphic is hilarious. Cheesy

Given a lot can happen in 3 years time. I'm not certain that massive a leap in crypto value is humanly possible though. It would take some massive and castastrophic fluctuations in global financial and economic systems for crypto to generate that scale of net worth.

cryp24x

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That is quite an inspiring picture to hold Bitcoins. Though there might be severe ups and downs of bitcoin but it is normal for a young and high volatile digital currency. I also believe that due to market saturation and people adoption, Bitcoin price will definitely increase in price and we are able to buy Cars and Mansions with our Bitcoin.

ktabb

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The fact that an asset bubbles a lot is not a reason to hold it long term. I do happen to think Bitcoin is a good long term investment but I think you have all the wrong reasons listed here. Bitcoin is a good long term investment because of its intrinsic usefulness as a currency and gradual increasing adoption. Trying to buy it in hopes that it will continue to bubble over and over again every several years so you can sell it at a peak is a gamble, not an investment. If you want to invest in bitcoin, I think it is a good idea but you should buy it after it crashes from this bubble (yes, we are definitely in a bubble) and then plan to hold it for no fewer than 10 or so years. It is a long term play based on a slow and gradual rise in value, not on investor mania repeating itself again and again.

megynacuna

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That's a great picture you put up there pal but I wish you at least added 2017 to it, maybe 2017, 1 BTC =1 MacBook.... lol. Just keep the fun going I love it.

stompix

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Blackjack.fun

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....

darthmaul

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Quote from: webtricks on May 29, 2017, 12:06:19 PM

No doubt, Bitcoin is one of the best development of the 21st century. You have mentioned almost all the reasons for which it is consider so.
But in the end whole stress lies on price
I don't know why people stress so much on price when Bitcoin has so far committed to deliver much more as "money, store of value, debt, collateral, investment, security, and more".
If we stress more on its utility, price will automatically improves.

I think I have started agreeing to your statement here. I used to think bitcoin as money and money all the time. Now a days bitcoin has become craze for its price thing but few like you think it as utility and ultimate course of price is defined. That is very good example in the pic shown above and clearly states what bitcoin do with the time in which we exists today. Cool

webtricks

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No doubt, Bitcoin is one of the best development of the 21st century. You have mentioned almost all the reasons for which it is consider so.
But in the end whole stress lies on price
I don't know why people stress so much on price when Bitcoin has so far committed to deliver much more as "money, store of value, debt, collateral, investment, security, and more".
If we stress more on its utility, price will automatically improves.

goinmerry

legendary

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Saw this image somewhere but next to 2014 with lots of groceries is an image of 2020 with a department store. Actually BTC1 can startup a business of small department store. If applied in my country, people can start at $1,000 which is a decent capital now to start a small business like that and eventually will grow.

Inflation really kills the fiat which different from bitcoin. There are thousands of reasons to believe that bitcoin will achieved it's high priced that we can never imagined so hold and don't believe in any FUD it may encountered.

cellard

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Quote from: ivanst776 on May 29, 2017, 11:01:56 AM

"In 2020 1BTC = 1 Lamborghini" - too hard to believe lol. I hope this will become true. I was very skeptic that bitcoin price will reach 2000 this year but as we saw it almost reached 3000.

I'm holding and so I will in the upcoming years, because I see a huge and a greater potential of bitcoin to reach the moon.

It depends on the Lamborghini. Im pretty certain by 2020 you would be able to buy a 2004 Gallardo for 50-70k in decent conditioning, I dont see that car appreciating with time.

So 50-70k a coin by 2020... doable if we solve the scaling issue, if we get working lightning networks fully operative by 2020 with segwit, trillions of transaction per second.. it's definitely possible.

Ayers

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that picture is true, but 2016 was more significant than 2014, i would change that and i don't think you can buy a mansion in 2030 lol, a lamborghini si more than enough, and already unlikely for me, but if the promise of segwit and other fix come true 1 single bitcoin would make you rich in the future

ivanst776

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"In 2020 1BTC = 1 Lamborghini" - too hard to believe lol. I hope this will become true. I was very skeptic that bitcoin price will reach 2000 this year but as we saw it almost reached 3000.

I'm holding and so I will in the upcoming years, because I see a huge and a greater potential of bitcoin to reach the moon.

szpalata

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Hahahaha, how true. It's bound to happen because the previous ones upto 2014 was the case and with the recent surge and adoption of Bitcoin I have no doubt the prices will skyrocket in the respective ten years intervals.

crwth

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Seeing those pictures, makes me want to get back all the bitcoins that I lost and probably going to have that as keepers, but we all know that wouldn't happen and we just have to move on. Knowing that Bitcoin has limited supply, then it's about time that surely it would have a higher price than known ones. Everything is true it's just that we cannot verify it.

gabmen

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woah hopefully dude this gets realized. I think the last run btc had gave us all a glimpse of what the future holds for bitcoin holders and right now i'm beginning to feel positive about holding at least 1 btc for a long time. this could very well be my insurance as I grow old Cheesy

pereira4

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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.

Topic: A nice pic showcasing why you should hold BTC longterm - page 2. (Read 1262 times)