Topic: Incoming $163,000,000,000 market cap and $7700+ coins - page 2. (Read 8195 times)

Who's promising anything?   There are probabilities with everything, and if there is a certain level of increased adoption, then prices rise. There's a lot of ways to get there and a lot of potential obstacles along the way, and whether you are a newbie or not, you have to take information (especially that presented in online forums) with a grain of salt and ultimately come to your own conclusion about what is reasonable or not.

$7,700 is less than a 20x increase from today's prices, which as calculated a $163 billion-ish market cap....     Gold has a $6 trillion market cap, which even with a $7,700 projection for bitcoins would still be 40x larger than bitcoin.... And, a lot of reasonable analysis have already assessed a lot of bitcoin potentials that are quite more functional than gold.... so for example, there a are a lot of real world major contracts that get executed that require liquidity... let's say purchasing some kind of a multi-million dollar asset - a ship full of oil, or a large piece of property.  Easier to transfer the value in bitcoin than gold, and there may be reasons that the person prefers not to use traditional banking (or wants to save on banking fees).  When bitcoin has a larger market cap, it becomes much more feasible to transfer greater amounts of value without affecting price slippage... and in that regard a larger market cap becomes more useful... and reasonably expected to occur at some point in the near future, whether that be within a year or within possibly 10 years.

It's very doable. When Bitcoin reaches the mainstream and can do global transactions thanks to LN, it will have the marketcap of a major payment processor company. And even if this never happens, we are still gold 2.0, this means trillions of dollars of potential metal holders diversifying in the superior Bitcoin asset.

basically people playing around with a few thousand satoshi's are also part of the total bitcoin adoption. a few million of these people won't do much with the price. we need people with money that bring in tens of thousands of dollars. a few million of these will definitely help the price go up a lot. a higher amount of users is nice, but it's money that we need to see the price go up.

It will reach $7700 if the bitcoin is adopted by 20 million of the people in the world, but it will take some time.

It would be a very long time before the bitcoin market price goes up to $7700. We need to reach $1000 first.

Just because I dont buy in to your "bitcoin will make me a millionaire" delusion makes me a banker shill  

Firstly I dont think the bankers give shit about bitcoin as its insignificant.

Secondly time will tell, lets see if there is a false halving pump.  Then lets see the price pump fall away to low $300's.

Dumb fucks like you are nothing more than "bitcoin" religious fanatics that attack anyone that does not share the same view as you.

Truly pathetic.

Bitcoin is not a store of value as its too volatile.

If bitcoin were to make any true steps to becoming mainstream then governments would simply ban it to protect their power base.  Cryptocurrency will grow and replace traditional fiat but it will created and controlled by governments and bankers and not the general public.

Next you will say "but you cant ban bitcoin" - no you cant, but you can impose huge fines and 10 years + jail time for those caught using it.  Lets see what that does to your mainstream adoption of bitcoin.

I think most people here are just too stupid to realize they nothing more than beta testers for the bankers.

For sure Bitcoin will go to 7700$ and thats not the end. Why are you wasting your time here if you dont believe in the idea of bitcoin  Bitcoin will be THE store of value and sattelement network of the world, basicly the money hub of the worlds economy.

^Another one star banker shill poster on his 5000th brand new spam account.

These expectations are just rubbish. Think about how absurd it sounds. Bitcoin going to 7700 like really?
Promising newbies such high a reward is just plain lunatic and very wrong.

Just because people place a certain level of probability that prices are going to $7,700 does not mean that they are being emotional.... and it does not mean that they are crazy.

On the other hand, if people are placing unrealistically high probabilities, such as 80% within the next year, then that may be crazy...   The devil is in the details regarding what kinds of predictions and probabilities are crazy and which ones are reasonable... and your level of reasonable and my level or reasonable will likely still be within the realm of reasonable even if we have considerably different views, and yep, surely there are going to be some people who have crazy predictions... and crazy expectations regarding what is probable and what is a long shot.

People who invest with feelings are doing a wrong thing indeed. Business is about being formal and act business wise.
Getting emotional, saying/hoping the price will go to 7700 USD is just crazy.

None of us really know how prices are going to play out in either the short-term or the long term.


In the short term, we likely can recognize previous highs and lows and therefore approximate our estimations of support and resistance price points that we need to get passed... and if prices move in either direction passed those support and resistance points, it will then affect further dynamics to either continue to move in the same direction or to reverse directions. 

When posters are predicting... blah blah blah.. for sure we are going in one direction or another, they seem to be either minimizing or negating the support or resistance points that have to be traversed first, which is dependent on a variety of factors including momentum, fundamentals and the pervasiveness of the spreading of either FUD or hype.

Those numbers are based on your wishes and they are related with feelings and as such
 they are false! Simple don't put your feelings in business.

True why would the price go to 7.7k. It makes no sense. It may even drop to 250 again. There are never certainties when you invest.
Bitcoin is not different then your average investment.

corporate fail.

You guys are so fucking retarded I cant stop laughing.

Just form a jerk circle and dream about $7700 coins.

If anything after a false halving pump we'll see a plummet to $300 after the whales have extracted the money from the stupid and desperate.

This thread is not unrealistic.... it's just a matter of networking effects, momentum and timing. 

Another 19x increase from today's prices is completely within the realm of possibilities... ... especially if we zoom out a bit.. maybe 5 years?

a 19x increase from today's prices is also possible within 12 months, but quite a bit more improbable due to actual forces also working to keep bitcoin down.

If we get a 10x increase from today's prices within 18 months, that would be pretty decent.. and I am thinking may be around a 30% chance of accomplishing that 10x to the territory of $3k to $5k.  Am I too pie in the sky?

The Kwukduck reality check thread.

SUCH EPIC