Dreams are not taxed, so we have the right to dream, but don't be too delusional because if it's not as expected, we will be very disappointed and depressed. I prefer reality over illusion, and my target for the next bull season will be 120k-150k, then I think we will recalculate according to bitcoin's popularity in the future and come up with other targets.
If I remember correctly, PlanB predicted bitcoin would hit $100k in 2021, but that didn't happen. We haven't hit the $100k target yet, so don't think about the higher ATH.
Topic: Bitcoin (BTC) Targeting $10,000,000 Amid Rapid Global Crypto Adoption - page 2. (Read 246 times)
March 24, 2023, 08:16:20 AM
March 24, 2023, 08:13:33 AM
It reminds me of some of the stories about prophesying the future, there are some things that I learn through stories like this don't take it for granted and let's be more simple where we are now.
Regarding the value of BTC over time I don't feel much of a problem, as many people have mined on how much it has to gain even though they know it will increase
, a bit contradictory but very time consuming to argue about something unimportant.
Regarding the value of BTC over time I don't feel much of a problem, as many people have mined on how much it has to gain even though they know it will increase
, a bit contradictory but very time consuming to argue about something unimportant. 
March 24, 2023, 08:05:14 AM
What trends do I mean?
1. The collapse of world globalization,
~
In a rapidly changing world, the first cryptocurrency (Bitcoin) should unite all earthlings into a single humanity.
1. The collapse of world globalization,
~
In a rapidly changing world, the first cryptocurrency (Bitcoin) should unite all earthlings into a single humanity.
For sure you have no idea what globalization means if you think it will fail but at the same time Bitocin will manage to unite all earthlings, which is the definition of globalization.
These type of calculations are usually just funny to me, and I understand that people try to put some type of belief in it and I get that but that doesn't mean that it's true, it's usually quite wrong and will not really work out in the end.
It's quite funny, a month ago nobody dreamed of 50k and was buying spare sets of underwear to prepare for under 10k and now suddenly after going up 50%, we're talking about $10 million in 4 years. But why stop at 10 million, how about 76 trillion in 12 years? Any problem with it?
March 24, 2023, 07:51:57 AM
I take it this is a bitcoin price prediction for 2028 (i.e. a five year prediction)?
In order to assess the probability of this forecast, in my opinion, it is necessary to simulate the world that will be on planet Earth in 5 years. This is a very difficult task. Currently, there are several sustainable trends in the world that will definitely change our world by 2028.
What trends do I mean?
1. The collapse of world globalization,
2. The formation of two opposing military-political blocs (the Western world (USA, European Union, Japan, South Korea, Australia, Canada) and the Eastern world (China, Russia, North Korea, Iran, Syria)),
3. The development of the virtual world and metaverses,
4. The development of neural networks and artificial intelligence,
5. The introduction of the CBDC system.
In a rapidly changing world, the first cryptocurrency (Bitcoin) should unite all earthlings into a single humanity.
Bitcoin is a universal value. In 5 years, it can become the basis of trust between different countries and blocs of countries. I would not be surprised if in 5 years Bitcoin becomes an integral part of the gold and foreign exchange reserves of the Central Banks of most countries.
And this will allow him to reach the price of 10,000,000 US dollars.
In order to assess the probability of this forecast, in my opinion, it is necessary to simulate the world that will be on planet Earth in 5 years. This is a very difficult task. Currently, there are several sustainable trends in the world that will definitely change our world by 2028.
What trends do I mean?
1. The collapse of world globalization,
2. The formation of two opposing military-political blocs (the Western world (USA, European Union, Japan, South Korea, Australia, Canada) and the Eastern world (China, Russia, North Korea, Iran, Syria)),
3. The development of the virtual world and metaverses,
4. The development of neural networks and artificial intelligence,
5. The introduction of the CBDC system.
In a rapidly changing world, the first cryptocurrency (Bitcoin) should unite all earthlings into a single humanity.
Bitcoin is a universal value. In 5 years, it can become the basis of trust between different countries and blocs of countries. I would not be surprised if in 5 years Bitcoin becomes an integral part of the gold and foreign exchange reserves of the Central Banks of most countries.
And this will allow him to reach the price of 10,000,000 US dollars.
March 23, 2023, 04:34:35 PM
These type of calculations are usually just funny to me, and I understand that people try to put some type of belief in it and I get that but that doesn't mean that it's true, it's usually quite wrong and will not really work out in the end.
I hope that people could realize that and could stay away from these type of dreamy stuff because if it doesn't happen the way you want, then you could be too much upset over it and miss out the realistic targets that could make you richer. I won't really invest based on these type of goals, I invest because I believe it will be a lot of money in the distant future but at the same time we are not going to end up with anything bad neither.
I hope that people could realize that and could stay away from these type of dreamy stuff because if it doesn't happen the way you want, then you could be too much upset over it and miss out the realistic targets that could make you richer. I won't really invest based on these type of goals, I invest because I believe it will be a lot of money in the distant future but at the same time we are not going to end up with anything bad neither.
March 22, 2023, 11:32:25 AM
I'm not certain if quants have good track records as independent traders.
Well, all i can say PlanB is the creator of the S2F (stock-to-flow) model, and he/she is good at it. talking about its usage in previous times, can not be assumed as most people use it but no one exposes their tricks. Because they have to sell their courses too (trading and prediction courses). I am not an expert/senior like you, i am never familiar with the existence of such a model but always have an idea of demand and supply ratio because from what i have learned about S2F it's the same thing. (if i am wrong please correct me then). Overall, if things go as planned or predicted by PlanB then that is beneficial for everyone and this could answer the queries of people who always ask, Can BTC end poverty, or should we invest our savings in it, or should we use it as a retirement saving. etc. etc.
I think they tend to emphasize arbitrage trading in algorithmic models with dark pools.
i cannot think of any way, what the relation between S2F and the above two terms (ATA and DP) is. As you mentioned, indirectly, Dark pools and arbitrage trading algorithms are of great benefit to traders as well as to the market. But how exactly do three of them come to a single point of relevancy? (note* actually still in the learning phase if you don't mind my question)
March 22, 2023, 09:27:11 AM
So far, the price of one million dollars for bitcoin still seems to be a fact. Well, it's too early to talk about 10 million dollars. We see that after each large rise in prices in the cryptocurrency market, a long and deep fall follows. In November 2021, Bitcoin reached a price of over $64,000, after which there was a long fall and now its price is at $28,000. To dream of a million dollars, bitcoin first needs to consistently overcome the price of one hundred thousand, and then several hundred thousand dollars. After the next halving in 2024, there is a good chance to see something similar at the end of 2024 and in 2025.
March 06, 2023, 07:18:01 PM
Quote
A rapid acceleration in Bitcoin’s pace of global adoption could catapult the top cryptocurrency to staggering new heights, according to quantitative analyst PlanB.
In a series of tweets, the pseudonymous strategist says the most powerful part of Bitcoin’s adoption s-curve is around the corner.
The adoption s-curve is often used to track the cumulative rate at which people adopt breakthrough technologies.
According to PlanB, BTC’s pace of adoption is about to witness an unprecedented level of acceleration that could bring its price to as high as $10 million by 2028.
“If Bitcoin adoption is now 1-5%, then we will enter the vertical of the S-curve next couple of years. On log scale (left) this just means more exponential growth until 50% adoption.
For the linear thinkers (right) everything will change. Bitcoin might be substantially undervalued…
Although I enjoyed Bitcoin adoption the last 10+ years (especially the investment returns), I am really looking forward to the vertical part of the S-curve in the next halving period (2024-2028).”
Image link: https://i.ibb.co/XSjMwRy/stock-to-flow-btc.jpg
Plan B is well-known for applying the stock-to-flow scarcity model to Bitcoin (BTC), which divides the total supply of an asset by the new supply entering the market to forecast future moves in price.
Based on that model, PlanB predicts BTC’s next top will happen around 2025, with its price landing between $100,000 to $1,000,000.
https://dailyhodl.com/2023/03/04/bitcoin-btc-targeting-10000000-amid-rapid-global-crypto-adoption-according-to-quant-analyst-planb/
In a series of tweets, the pseudonymous strategist says the most powerful part of Bitcoin’s adoption s-curve is around the corner.
The adoption s-curve is often used to track the cumulative rate at which people adopt breakthrough technologies.
According to PlanB, BTC’s pace of adoption is about to witness an unprecedented level of acceleration that could bring its price to as high as $10 million by 2028.
“If Bitcoin adoption is now 1-5%, then we will enter the vertical of the S-curve next couple of years. On log scale (left) this just means more exponential growth until 50% adoption.
For the linear thinkers (right) everything will change. Bitcoin might be substantially undervalued…
Although I enjoyed Bitcoin adoption the last 10+ years (especially the investment returns), I am really looking forward to the vertical part of the S-curve in the next halving period (2024-2028).”
Image link: https://i.ibb.co/XSjMwRy/stock-to-flow-btc.jpg
Plan B is well-known for applying the stock-to-flow scarcity model to Bitcoin (BTC), which divides the total supply of an asset by the new supply entering the market to forecast future moves in price.
Based on that model, PlanB predicts BTC’s next top will happen around 2025, with its price landing between $100,000 to $1,000,000.
https://dailyhodl.com/2023/03/04/bitcoin-btc-targeting-10000000-amid-rapid-global-crypto-adoption-according-to-quant-analyst-planb/
....
It has been awhile since we've heard about the "stock-to-flow" model of technical analysis being applied to bitcoin's current value. Here we have some commentary offered by quants at PlanB. I'm not certain if quants have good track records as independent traders. I think they tend to emphasize arbitrage trading in algorithmic models with dark pools. Which used to be very profitable in its inception and early history. These days I don't know if dark pools have become heavily saturated with many trading bots attempting to execute similar trading strategies. But it has been a long time since algorithmic arbitrage trading has claimed consistently large profits, that I know of.
That said $10 million dollars for one BTC sounds good to me.
Their prediction of $100,000 to $1 million for one BTC around 2025 also sounds fantastic.
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