BItcoin: The path to $10,000,000 ten million dollars per coin - page 8.

patroncito

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Quote from: HardFacts on December 05, 2019, 10:30:43 AM

Quote from: patroncito on December 05, 2019, 10:22:36 AM

You would have said the same when it was $0.01 cents.

Me: Bitcoin: The path to $10,000 ten thousand a coin.

You can get very rich in a Bubble 💰💰💰💰

People got rich in Bernie Madoff's pyramid scheme, people got rich in the .com bubble, but even more lost it all when the bubble popped. Once the market psyche of Bitcoin starts to change, and people no longer believe that the price is going to the moon, you will see selling on an EPIC scale... And resulting price drops that you did not think possible. No one that thinks they are going to get rich by trading in a bubble will face reality until reality punches them in the face 😭😭😭😭

Hard Facts

***WRONG***[/size]

People have been saying that Bitcoin is a bubble since it was $10 dollars. That is no longer a valid argument.

IF Bitcoin is a bubble for you then short it.

icewitch0612

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10 million is impossible, but 1 million is close to reality.

HardFacts

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Quote from: patroncito on December 05, 2019, 10:22:36 AM

You would have said the same when it was $0.01 cents.

Me: Bitcoin: The path to $10,000 ten thousand a coin.

You can get very rich in a Bubble 💰💰💰💰

People got rich in Bernie Madoff's pyramid scheme, people got rich in the .com bubble, but even more lost it all when the bubble popped. Once the market psyche of Bitcoin starts to change, and people no longer believe that the price is going to the moon, you will see selling on an EPIC scale... And resulting price drops that you did not think possible. No one that thinks they are going to get rich by trading in a bubble will face reality until reality punches them in the face 😭😭😭😭

Hard Facts

patroncito

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Quote from: The Sceptical Chymist on December 05, 2019, 09:46:20 AM

Quote from: franky1 on November 20, 2019, 04:07:10 AM

i feel people that say these large values are usually the ones that have a low amount of coin right now but dream of becoming millionaires from it.

Of course they're the ones who want it the most! Getting rich from bitcoin has been the impetus for untold numbers of newcomers to the bitcoin scene, and they probably can't afford to own even a single, whole bitcoin. Let 'em dream I say.

$10 million is a long-ass way away, though. I have my doubts that I'll ever see that in my lifetime, and if it does happen I'll probably be thinking through a fog of Alzheimer's how to spend my bitcoin riches from a comfy bed in a nursing home. Or hospice.

One other good thing about a price that high is that it would allow institutional investors to own bitcoin outright, which they currently can't do as a practical matter since the market cap is too low to allow enormous purchases. Currently they could buy bitcoin, but they'd be backing themselves into a corner by owning too large a percentage, which would be sheer hell if they tried to sell it. Anyway, that price level is kind of a pipe dream to me.

You would have said the same when it was $0.01 cents.

Me: Bitcoin: The path to $10,000 ten thousand a coin.

You, Khaos, and fudsters: OMG are you crazy??? That is a pipe dream price. Bitcoin would have a market cap of Billlions. That is impossible.

The Sceptical Chymist

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Quote from: franky1 on November 20, 2019, 04:07:10 AM

i feel people that say these large values are usually the ones that have a low amount of coin right now but dream of becoming millionaires from it.

Of course they're the ones who want it the most! Getting rich from bitcoin has been the impetus for untold numbers of newcomers to the bitcoin scene, and they probably can't afford to own even a single, whole bitcoin. Let 'em dream I say.

$10 million is a long-ass way away, though. I have my doubts that I'll ever see that in my lifetime, and if it does happen I'll probably be thinking through a fog of Alzheimer's how to spend my bitcoin riches from a comfy bed in a nursing home. Or hospice.

One other good thing about a price that high is that it would allow institutional investors to own bitcoin outright, which they currently can't do as a practical matter since the market cap is too low to allow enormous purchases. Currently they could buy bitcoin, but they'd be backing themselves into a corner by owning too large a percentage, which would be sheer hell if they tried to sell it. Anyway, that price level is kind of a pipe dream to me.

BlacksmithCorporation

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Quote from: patroncito on November 19, 2019, 09:17:12 PM

Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin. The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world. Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.

Of course in this crazy world of cryptocurrencies anything is possible, but your idea is crazy. Even in my dreams, I didn't think of bitcoin costing $ 10 million. All current predictions are based on the past and the scarcity of btc. But the most important thing is the popularity and practical use of btc is not high.

patroncito

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Quote from: ?? on ??

Quote from: patroncito on December 04, 2019, 09:49:44 PM

Quote from: franky1 on December 04, 2019, 03:23:06 PM

titanic was to big to fail.
problem was soo many people thought it was soo big to not fail that they stopped watching out for iceburgs

all im saying is if you want a successful voyage to $10m land.. watch for the iceburgs and stop letting the captain of the ship drive it into other islands of ice saying that full steam ahead is the only way

patroncito says: "Bitcoin is ok, the devs are doing the right thing, hodling is good, personal debt is not an issue" etc

The ship: Bitcoin

The lifeboat: SELLING BITCOIN before it hits $zero!

FTFY.

Short it. Put your house, car, your slutty wife and your retirement as margin. Shorting from here to 0 will result in a great profit. DO IT

TitanGEL

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Quote from: Wintersoldier on December 05, 2019, 07:13:12 AM

Quote from: odolvlobo on November 20, 2019, 03:03:04 AM

$10,000,000 is ridiculous. How did you come up with that number?

$10,000,000 per coin means a total supply of $210 trillion. The base money of all the world's currencies plus the value of all the gold in the world doesn't even come close. So, even if Bitcoin replaces all the money and all the gold, it won't be worth $10,000,000 per coin.

It is quite exaggerated, now we are at a price point where it is very crucial to make a decision, but it is quite beneficial for us to stay positive despite of the market condition. It might not be achievable may we should already be thankful that the all time lows of bitcoin is the one that is increasing. Forget the ATH because we need consistent market price increase each year rather than experience a huge bullish moment where we aren't prepared or in another case, we don't have enough investment.

It is really ridiculous, for me it is not possible even the mass adoption occurred. $10,000,000 per each, WTF! Even $1,000,000 per each for me is impossible. It is really exaggerated and for me it is not even realistic. Do not invest in bitcoin if you think that this price will be achieved, you will only lose your time and effort. Be realistic in your target profit for you to have good trading plan.

demanze

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As long as people trust fiat money, bitcoin cannot be worth $10,000,000.

In most places if you want to buy a house or food, you need fiat. For such a high price, anyone who holds bitcoin will unfortunately want to sell.

For bitcoin to be worth that much, it needs to be used exclusively for crypto-crypto trade.

rodskee

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this will never happen in our generation mate,this is too much to expect and not realistic.i think 1 million is enough?(hahaha)

kidding aside 10,000,000$ value is very huge ,look if the 10 million bitcoin will be multiplied to 10 million$ how much would it be?even the total value of money in the world wont get closer to that amount so that is exaggerated i think.

Wintersoldier

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Quote from: odolvlobo on November 20, 2019, 03:03:04 AM

$10,000,000 is ridiculous. How did you come up with that number?

$10,000,000 per coin means a total supply of $210 trillion. The base money of all the world's currencies plus the value of all the gold in the world doesn't even come close. So, even if Bitcoin replaces all the money and all the gold, it won't be worth $10,000,000 per coin.

It is quite exaggerated, now we are at a price point where it is very crucial to make a decision, but it is quite beneficial for us to stay positive despite of the market condition. It might not be achievable may we should already be thankful that the all time lows of bitcoin is the one that is increasing. Forget the ATH because we need consistent market price increase each year rather than experience a huge bullish moment where we aren't prepared or in another case, we don't have enough investment.

Dr.Osh

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Quote from: DreamStage on December 04, 2019, 10:02:33 PM

Quote from: Micerker on November 30, 2019, 03:42:19 AM

hope so, when it become too expensive, and money flow in to rich people. investors wouldn't be so interested in bitcoin, but other coins. i think so
it could end up higher price, but 10M is very insane number.

You know you can still invest small amounts from the total value right?

I mean even if it's $10,000,000 ten million dollars per coin you can still take out a portion of it for your own investment and take your changes.
It's better to invest into something that is worth for rather than be static and waiting for the price to drop just as you said so other low rich people can start investing in it.

you're right, I always prepare more than 0.01 bitcoin in my wallet. if the price of bitcoin reaches that price, even having 0.01 BTC will be very valuable. today we are still guessing and thinking that it is an impossible price to reach. but, when that is achieved, all that remains is regret.
if you feel that investors will feel that the price of bitcoin is too expensive and aim to collect other coins, I think collecting it now is a pretty good thing.

shoreno

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Quote from: Savemore on December 05, 2019, 03:57:53 AM

Be realistic on the rewards, are you even sure that the price of the bitcoin will easily become that? You are too greedy because you are not considering the risks and you are only focusing in rewards. That's the problem to other people, they think that the value will become instant million dollar per each. The ptice of bitcoin will not become like that easily, you should be aware to support and resistance.

i heard that you said risks . what you mean by that ? when btc pric increase verry high , risks also arises ? hmm i dont think so . what i only think is that when the price is high the rewards that we get is also higher . risks are there even if no matter what amount the price ended up ( small or big ) .overall the guy's prediction was still insane . i dont even expect that btc can reach 1 m usd but how much more 10 m usd ? lol . lets be realistic please people

Savemore

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Be realistic on the rewards, are you even sure that the price of the bitcoin will easily become that? You are too greedy because you are not considering the risks and you are only focusing in rewards. That's the problem to other people, they think that the value will become instant million dollar per each. The ptice of bitcoin will not become like that easily, you should be aware to support and resistance.

DreamStage

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Quote from: Micerker on November 30, 2019, 03:42:19 AM

hope so, when it become too expensive, and money flow in to rich people. investors wouldn't be so interested in bitcoin, but other coins. i think so
it could end up higher price, but 10M is very insane number.

You know you can still invest small amounts from the total value right?

I mean even if it's $10,000,000 ten million dollars per coin you can still take out a portion of it for your own investment and take your changes.
It's better to invest into something that is worth for rather than be static and waiting for the price to drop just as you said so other low rich people can start investing in it.

patroncito

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Quote from: franky1 on December 04, 2019, 03:23:06 PM

titanic was to big to fail.
problem was soo many people thought it was soo big to not fail that they stopped watching out for iceburgs

all im saying is if you want a successful voyage to $10m land.. watch for the iceburgs and stop letting the captain of the ship drive it into other islands of ice saying that full steam ahead is the only way

Mainstream media says: "Everything is ok, the fed is doing the right thing, economy is good, national debt is not an issue" etc

The ship: current financial system

The lifeboat: BITCOIN

franky1

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Quote from: DooMAD on December 04, 2019, 03:56:36 PM

Quote from: franky1 on December 04, 2019, 03:49:40 PM

if bitcoin was the whole solution YOU and devs wouldnt be trying to pigeon hole and push people into other networks

go on admit you want people to get off the titanic and jump into LN lifeboats rather than ensure the titanic doesnt hit the iceburg

I'm not trying to push people anywhere. Totalitarianism is your speciality. Also, I'd rather have the option of there being lifeboats available when compared to your vessel, 'H.M.S. Dumbfuck', where lifeboats apparently aren't permitted and people shouldn't waste their time even building them. Roll Eyes

Pleasant sailing!

building lifeboats are fine. having choices are fine
but prtending the lifeboats ar the same as the titanic and that the titanic should just go ahead to hit iceburgs because people can just jump off .. is not the solution

you are being ignorant and keep kissing the captains ass to carry on in one direction because people should just jump off is your totalitarian desire.
you would not even dare to tell the captain to change direction or alert him to iceburgs

you dont care if it sinks
you dont care what the people use
your desire is just to keep the captain happy

analogy
doomad: "everyone JUMP on the LN lifeboat, its safe because we called it titanic layer2"
passengers: "no just turn the titanic away from the iceburg"
doomad: "no.. dont you dare tell the captain what to do.. you need to jump off the titanic, it cant scale around the iceburg"
doomad wants to set a new onboard policy 'anyone trying to tell the captain to change direction needs to jump off the ship whether the danger is near or far'

DooMAD

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Quote from: franky1 on December 04, 2019, 03:49:40 PM

if bitcoin was the whole solution YOU and devs wouldnt be trying to pigeon hole and push people into other networks

go on admit you want people to get off the titanic and jump into LN lifeboats rather than ensure the titanic doesnt hit the iceburg

I'm not trying to push people anywhere. Totalitarianism is your speciality. Also, I'd rather have the option of there being lifeboats available when compared to your vessel, 'H.M.S. Dumbfuck', where lifeboats apparently aren't permitted and people shouldn't waste their time even building them. Roll Eyes

Pleasant sailing!

franky1

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Quote from: DooMAD on December 04, 2019, 03:39:33 PM

Also watch out for people who like to think they'd make better decisions, but don't even know how to navigate. And based on the comments they've made previously, it's obvious the ship would already be sunk to the deepest depths of the ocean if they had any influence over the heading whatsoever.

based on your post history your mindset is to ignore the iceburg and instead just tell people to jump off the ship if people dont like its direction
pretty lame mindset you have

i know you just want to kiss the captains ass and tell him he is going the right way. continue to tell people to ignore people who are shouting about the iceburgs

if you did not realise
if bitcoin was the whole solution. there would b no ned for altcoins/altnetworks
if bitcoin was the whole solution YOU and devs wouldnt be trying to pigeon hole and push people into other networks

go on admit you want people to get off the titanic and jump into LN lifeboats rather than ensure the titanic doesnt hit the iceburg

DooMAD

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Also watch out for people who like to think they'd make better decisions, but don't even know how to navigate. And based on the comments they've made previously, it's obvious the ship would already be sunk to the deepest depths of the ocean if they had any influence over the heading whatsoever.

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