Topic: Humans aren't rational. Bitcoin won't be a % of world economy, but a multiple. - page 2. (Read 2714 times)

Remember when we have dollar backed by gold and suddenly the gold standard were removed and somehow people still perceive it as being valuable and the value continued to climb. Well that was fiat and I can imagine for bitcoin, it will be much better. Never mind about it's true worth, it's just a matter of what people perceive that is important that will dictate the numbers assigned to it.

Well the market cap is currently at a few billion USD. That amount of money hasn't entered Bitcoin as of now. That being said, we won't need as much money as the market cap suggests to get the price up. I think this means that the upward potential is much higher than a lot of people realize!

I'm with american pegasus with this one. Imagine when the internet first came out and some guy was talking about how most of the first world population will have a "facebook" and be able to send messages through "twitter" they would be met with disbelief! The OPs vision is quite in the realm of possibility.

By the way, when is your alt coin coming out pegasus?

wholeheartedly agree. bitcoin NEVER gets that numbers. never!

 
We'll, believe it Bro.  That was the whole point of this thread. 
 
Some of the trolls and astroturfing asshats have tried to subvert the theme and make it sound crackpot with alien talk, but the message is clear and it's not April Fools joke. 
 
I am quite serious about this.  The time will come, sooner than you may suspect, when the market 'cap' of bitcoin will exceed the amount of money on Earth.   
 
If/when bitcoin has a one quadrillion 'dollar' market cap, every coin will be worth about $47,000,000 each. 
 
Everyone who owns at least 21 coins is going to be a billionaire one day.

I like how you mention huge values like: "That's a LOT more than a paltry few trillion dollars. We're talking quadrillion dollar market caps at that point." I suspect this is part of a april's fools day because
bitcoin will never reach anything even remotely close to this values. I would rather believe in total bitcoin collapse than in quadrillion dollar bitcoin market.

Ah, you mean the vegetarians.  I eat vegetarians.

Disagree 100%  look at our animal rights groups.  Any species capable of traveling the galaxy would have those that are interested in preserving all life.  Probably massive pentalies for wiping out life.. wiping out intellegent life.. perhaps death to those that are immortal that would make you think twice.

I read like 10 mins into the thread, then finally noticed the april fools joke.

Please no more, please lol. God damn april fools, all this makes me so giddy inside about bitcoin then when its a joke I feel so depressed that it still isnt a multiple and these stories just end up being more of a sad story for bitcoin.

I'm with Stephen Hawking on this: aliens from outer space will try to exterminate the human race, they won't be interested in human technology at all. If any sufficiently advanced aliens were to discover earth, they will come and take everything we have and we will meet a horrible end.

Anyway, that's my belief. If it happens, bitcoins will be the least of my worries.

Stupid people would do that but we wouldn't be able to do resist even if that would  be the case.
I myself if some alien would annouce thwt, would stock with bitcoins in huge numbers.

There wouldn't be a rally, there would be a huge crash across the board and chaos everywhere as everyone panics about a potential alien invasion

You're joking about it but there really may be somr alien specie that will talk to us and say that blockchain technology is the future for money...imagine the rally

 
https://i.imgur.com/QM4V96V.gifv

Is this the real americanpegasus from reddit or just an impostor? April Fools & Poe's Law, oh crap!

You forgot aliens!!

For all we know there are numerous alien species in this universe (and maybe even parallel universes) that could come to earth (or in a future human colony in the Milky Way) and embrace bitcoin! We wouldn't even have communication problems due to different languages with them since bitcoin is backed by math! Truly a borderless currency.

Imagine the potential there!

Since when has a company's stock been valued at the rational current percentage of that company?  Answer: It's not.  We predict the future value of a company, and price it's stock accordingly.  When new information leads us to reassess our predictions, we reassess our belief of that company's stock. 
 
If bitcoin grows to be even 10% of global gross domestic product, it is a mathematical certainty that it will rapidly become the foundation of value for the entire human race.  🔜
 
When this happens, bitcoin doesn't represent some fringe form of money.  Bitcoin becomes stock in humanity as a whole.  🌍
 
Owning bitcoin is like owning a share of humanity's future, and will be priced as such.  🌐
 
It won't be a realistic percentage.  It will be priced as an estimate of the future of humanity and bitcoin as the dominant ledger of our species.  That's a LOT more than a paltry few trillion dollars.  😮
 
We're talking quadrillion dollar market caps at that point.   
 
You will even likely see programs that allow citizens to own 'an entire bitcoin' with just a little bit of money down and regular payments. 
 

 

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We spin fantasies about bitcoin one day being worth a small % of the world economy...  But with mass hysteria and pleb lemming psychology, we may see something truly absurd... Bitcoin may be worth a multiple of all money in existence.   
 
When mass hysteria hits and people talk about how this will likely be the dominant form of money for the next thousand years, and how securing a bitcoin now means your family will grow more wealthy over time with no work at all...  People will beg to buy in at any price. 
 
A four million dollar bitcoin?  That's how much a million bits should be if bitcoin is priced fairly and the backbone of human finance across the globe...  **but only if we are being rational.** 
 
And are humans rational?  Do we live in a rational universe?  Does it make sense to type out a massive comment reply on mobile with one tiny bar of signal? 😄😠😡😧😜   
 
NO. 
 

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Perhaps our wildest fantasies are still too tame.  Perhaps in the future, the great bitcoin bubble will be the time the price of a single 'coin' rose ⤴ to a galactically ludicrous $364,000,000 per coin, and $3.64 per satoshi around 2037 and the news was abuzz with stories of '*the billion dollar bitcoin?  Is it possible?*'   
 
😄💖💙💚💛💜💥   
 
And then a new financial crash happens...  That makes even the bankpocalypse of 201X look like a cake walk. 
 
The future is never what you expect.  Hold onto your butts.