Michael Saylor predicts Bitcoin can go to $5 million?

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Quote from: fzkto on October 13, 2023, 12:53:38 PM

Quote from: Out of mind on October 13, 2023, 11:06:23 AM

Maybe Michael Saylor's prediction will be right because we have seen changes in Bitcoin since 2009. Currently, in 2023 this time Bitcoin has changed its price many times, and we have seen Bitcoin high. The way the BTC market is moving forward, we can be sure that the Bitcoin market will touch $5 million at some point. We've seen huge market swings every time Bitcoin halves, and when a bull market occurs, that Bitcoin market reaches huge highs. Accordingly, we can predict the bitcoin market will reach this stage, but maybe our future generations who will come can see this position of bitcoin. Moreover, if Bitcoin touches $100,000 after the fourth halving, Bitcoin will definitely go higher accordingly. And I believe that Michael Saylor's prediction will be correct at some point and Bitcoin market will touch $5 million dollars.

Michael Saylor seems like a bigot, but he's actually cunning. All his talk about bitcoin is just for his personal gain. His company owns a lot of coins and it is profitable for him to say that bitcoin will be worth millions of dollars. He can't be talking about bitcoin being bad. So I would ignore what he says.

You make it appear like being a bigot in the bitcoin community is good hehehe. This is really a head scratching behavior when some people start talking like a pastor in the cathedral of the cryptospace and begin preaching the good word of bitcoin. These larpers similar to Saifdean Amoose should be ignored. Amoose takes your thougnts away from reality and trick you to enter his utopian fantasy which might convince you to buy his book hehehehe.

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. All his talk about bitcoin is just for his personal gain.

I doubt BTC is about to be derailed by the greed of capitalism or people like Saylor. I'd say his mistake is holding BTC too simply, not using it as capital or deploying it especially unless I missed that point. Holding any commodity is usually with a cost to that holding, cost of capital the market demands a return. So his plan has a flaw imo, its a bit dangerous to just say buy more. People can say this so long as they dont over-allocate but I think he takes too much risk relying on FIAT leverage to support his ideas. If it was an investment trust I believe they have no obligation to sell assets, merely the price moves to a discount where as ETF or a stock can have demands made upon it to sell when market wants and BTC sells off and calls peoples bluff.

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Quote from: fzkto on October 13, 2023, 12:53:38 PM

Quote from: Out of mind on October 13, 2023, 11:06:23 AM

Maybe Michael Saylor's prediction will be right because we have seen changes in Bitcoin since 2009. Currently, in 2023 this time Bitcoin has changed its price many times, and we have seen Bitcoin high. The way the BTC market is moving forward, we can be sure that the Bitcoin market will touch $5 million at some point. We've seen huge market swings every time Bitcoin halves, and when a bull market occurs, that Bitcoin market reaches huge highs. Accordingly, we can predict the bitcoin market will reach this stage, but maybe our future generations who will come can see this position of bitcoin. Moreover, if Bitcoin touches $100,000 after the fourth halving, Bitcoin will definitely go higher accordingly. And I believe that Michael Saylor's prediction will be correct at some point and Bitcoin market will touch $5 million dollars.

Michael Saylor seems like a bigot, but he's actually cunning. All his talk about bitcoin is just for his personal gain. His company owns a lot of coins and it is profitable for him to say that bitcoin will be worth millions of dollars. He can't be talking about bitcoin being bad. So I would ignore what he says.

This is what you should really be having in mind that everything that you do able to hear of on this market then you should really be that skeptical and of course it would really be just that good that you do always stick with your own analysis towards the market and also it is really that somewhat obvious if we do speak about possible manipulation or to those people who do really tend to hype the market just because they have already filled their bags then it is really that trying out to hype everything and throw out some positive approach or sentiments and makes the price do make out some pumps and then this is the time
they would really be that releasing their bags.

Its not that new anymore because this had been a typical movement and decisions they would be making which if you've been here on this market and have that good
experience and awareness then you do really know on what to do and what you should gonna do on this particular time.

fzkto

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Quote from: Out of mind on October 13, 2023, 11:06:23 AM

Maybe Michael Saylor's prediction will be right because we have seen changes in Bitcoin since 2009. Currently, in 2023 this time Bitcoin has changed its price many times, and we have seen Bitcoin high. The way the BTC market is moving forward, we can be sure that the Bitcoin market will touch $5 million at some point. We've seen huge market swings every time Bitcoin halves, and when a bull market occurs, that Bitcoin market reaches huge highs. Accordingly, we can predict the bitcoin market will reach this stage, but maybe our future generations who will come can see this position of bitcoin. Moreover, if Bitcoin touches $100,000 after the fourth halving, Bitcoin will definitely go higher accordingly. And I believe that Michael Saylor's prediction will be correct at some point and Bitcoin market will touch $5 million dollars.

Michael Saylor seems like a bigot, but he's actually cunning. All his talk about bitcoin is just for his personal gain. His company owns a lot of coins and it is profitable for him to say that bitcoin will be worth millions of dollars. He can't be talking about bitcoin being bad. So I would ignore what he says.

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Maybe Michael Saylor's prediction will be right because we have seen changes in Bitcoin since 2009. Currently, in 2023 this time Bitcoin has changed its price many times, and we have seen Bitcoin high. The way the BTC market is moving forward, we can be sure that the Bitcoin market will touch $5 million at some point. We've seen huge market swings every time Bitcoin halves, and when a bull market occurs, that Bitcoin market reaches huge highs. Accordingly, we can predict the bitcoin market will reach this stage, but maybe our future generations who will come can see this position of bitcoin. Moreover, if Bitcoin touches $100,000 after the fourth halving, Bitcoin will definitely go higher accordingly. And I believe that Michael Saylor's prediction will be correct at some point and Bitcoin market will touch $5 million dollars.

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I am in agreement to the people who are skeptical on Michael Saylor Moon's $5 million prediction. However, do you know what might be a funny speculation? There were unconfirmed rumors that Michael Saylor Moon promised to advertise bitcoin on the Las Vegas sphere. If he does this on a bull market after another big pump to another all time high, I speculate that bitcoin might have a big dump after this, very much similar when Elon went to Saturday Night Live to advertise crypto.

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Quote from: philipma1957 on October 04, 2023, 03:42:42 PM

Quote from: AakZaki on September 29, 2023, 07:12:25 AM

Quote from: Hamphser on September 27, 2023, 05:42:49 PM

Totally exaggerated or something unrealistic and this is why having those kind of numbers would really be making tons of people do laugh on what this person is really that predicting. Its not really that bad on being

optimistic but on the time that you are already saying or mentioning numbers which arent that already that realistic at all then expect that there would really be tons of people who would really be laughing behind
with those price predictions. Come to think or remember into those days where McAfee did really make out some prediction having million per coin which come to think that he's been saying that it could happen anytime soon and did really even make out some claims that he would really be eating his own dick on national television.

if not, I will eat my dick on national television.
https://twitter.com/officialmcafee/status/887024683379544065?lang=en

Wondering if these fellas had the same line of words or something that they would really like to bet on. Cheesy

predictions are just predictions, Michael Saylor seems to be just guessing and not very realistic. Never mind reaching $5 million now, reaching a new ATH is the most awaited thing or at least breaking the price of $100k is already new history for Bitcoin.
The numbers mentioned that are too big are unrealistic and seem to make us all laugh. But who knows what the situation with bitcoin will be when all the bitcoins have been mined, the price will certainly be higher.

Actually btc did break 100k on coinable due to a fat fingered buy.

As a guy that mines to make bank I can tell you we are entering the must rally pre halving stage as Oct 2023 to April 2024 is a short time.

Miners are very much on the ropes. todays price is okay for now but would knock out 1/2 to 2/3 of the miners in April of 2024.

I think we will begin a relief rally to 35-40k this year and 40-49k Jan to April next year.

So what happens if 1/3 or 2/3 of those miners would be knocked off? Is there a significant effect on confirming transactions on the network? Sensibly thinking then it would really be "YES" but im not sure because
im aint a technical guy that knows about mining though but its true that we might not really be that seeing those miner conditions when halving hits and i did make another research about on what
price which Miners could really be able to sustain and profit on a certain Bitcoins price range.

To avoid being in the red, publicly-listed Bitcoin mining companies will need the BTC price to be at least $98,000 by the 2024 halving.
https://cointelegraph.com/news/bitcoin-miners-btc-price-98k-halving

So it does mean that there might be chances on seeing those breaking ATH numbers as we do approach or usually this do happen
on post-halving season.

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Quote from: AakZaki on September 29, 2023, 07:12:25 AM

Quote from: Hamphser on September 27, 2023, 05:42:49 PM

Totally exaggerated or something unrealistic and this is why having those kind of numbers would really be making tons of people do laugh on what this person is really that predicting. Its not really that bad on being

optimistic but on the time that you are already saying or mentioning numbers which arent that already that realistic at all then expect that there would really be tons of people who would really be laughing behind
with those price predictions. Come to think or remember into those days where McAfee did really make out some prediction having million per coin which come to think that he's been saying that it could happen anytime soon and did really even make out some claims that he would really be eating his own dick on national television.

if not, I will eat my dick on national television.
https://twitter.com/officialmcafee/status/887024683379544065?lang=en

Wondering if these fellas had the same line of words or something that they would really like to bet on. Cheesy

predictions are just predictions, Michael Saylor seems to be just guessing and not very realistic. Never mind reaching $5 million now, reaching a new ATH is the most awaited thing or at least breaking the price of $100k is already new history for Bitcoin.
The numbers mentioned that are too big are unrealistic and seem to make us all laugh. But who knows what the situation with bitcoin will be when all the bitcoins have been mined, the price will certainly be higher.

Actually btc did break 100k on coinable due to a fat fingered buy.

As a guy that mines to make bank I can tell you we are entering the must rally pre halving stage as Oct 2023 to April 2024 is a short time.

Miners are very much on the ropes. todays price is okay for now but would knock out 1/2 to 2/3 of the miners in April of 2024.

I think we will begin a relief rally to 35-40k this year and 40-49k Jan to April next year.

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Quote from: Fatunad on September 29, 2023, 03:59:31 PM

For those people who had been here for those couple of years or simply does have the experience and awareness on how this market behaves or move then they would
definitely be laughing with this kind of price speculation on which it cant really be just that possible even in our life time.Lets say that all bitcoins had been mined but the
demand isnt really that still high or full scale. Then what you do expect?

Maybe our grandchildren will see it and Bitcoin will run out of mines in 2140 and that will still be 117 years from now.

and the extreme speculation carried out by Michael Saylor is not at all based on appropriate predictions and is just nonsense coming out of the mouth of a drunk person.
Just expect Bitcoin to continue reaching new ATHs, but of course there will be a decline after that and it will be a cycle that will continue.

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Quote from: fzkto on October 03, 2023, 09:12:10 AM

Quote from: BALIK on October 03, 2023, 03:59:26 AM

Quote from: Pierre 2 on October 03, 2023, 01:30:32 AM

Quote from: Hamphser on October 02, 2023, 05:59:30 PM

Quote from: Woodie on October 02, 2023, 03:45:25 PM

5 million dollars and we are no where near 100k but already dreaming of the millions, besides Bitcoin price doesn't happen without external money being pumped into it...

So million dollar question is where is this money coming from??

And does Saylor have an agenda why his predicting such high prices?? Is this meant to lure new crypto investors by false advertising Roll Eyes

if it is it will hurt our markets...

Quote from: bbc.reporter on September 11, 2023, 10:19:30 PM

BREAKING
Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.

Source https://twitter.com/bitcoinlfgo/status/1700981076389413281

Nice prediction, and the good part about these is that anybody is free to speculate but the markets have the final say which sucks Tongue

Not shocking and its always been like this. Grin

On the time that they had filled their bags then this is the time that they would really be trying to spice things up and throwing into those unrealistic numbers
and just for the purpose on trying out to hook up newbie investor or even to those old ones and make more investment with Bitcoin and on the time that the price had rose up because of such false sentiment then
BAMM! he would really be making out that sell position or would directly be that securing their profits and then the cycle continues. Its not really that new anymore that these people would really be
trying to hype things up and make some advantage since they had placed themselves at the bottom. So its really just that normal that they would really be making those positive sentiments
which it is really just that a normal approach.

It is undeniable truth that people like Saylor can be very manipulative and working for their own agenda making money. I also dislike it but that's what we got. But I still think pulling more people to Bitcoin trade is not something bad. I am sorry for that people that may lose money over time because they are buying Bitcoin and establishing terrible market positions. Anyways they will get used to Bitcoin over time and they won't make same mistakes again.

We encourage people to spread the word and attract others to invest in bitcoin, but not in this way. This only makes many people view bitcoin more like a ponzi than a real potential asset. We should not support people exaggerating bitcoin just because we want others to join the market with us. We just need to spread the benefits of bitcoin, when people are aware of the benefits that bitcoin brings, people will seriously participate in it. Whatever Saylor's intention in making this statement, I don't expect newbies to believe this and enter the market just thinking bitcoin will hit $5 million.

We in this market don't mean or decide anything. Saylor is only valuing bitcoin for future profit. He's probably buying bitcoin for a reason. Someday he'll sell it. That's exactly what Elon Musk did, only he didn't do it for long. All these people are not thinking about bitcoin or you and me, but only about their personal gain.

We wont really be thinking other things rather than on taking profit or making one on which it doesnt matter whether we do share up positive sentiment towards it on which it could affect other investors perspective on which it might cause that driving force on taking up such trend then on the time that it would really be making out some significant effect then this is where you would really be getting that opportunity on
securing profit and this is where these type of people would really be targetting and since we are all speculators here on this space then it would really be just that normal that people would really be taking up
on having those kind of numbers on which their intents neither be that something that be shown or not. This is why on personal perspective then it would really be just that so normal that you would be
wise on taking up such step or whatever decisions you would be making into your position whether you would be holding for long or would really be trying to snip out profits on
short term duration.

fzkto

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Quote from: BALIK on October 03, 2023, 03:59:26 AM

Quote from: Pierre 2 on October 03, 2023, 01:30:32 AM

Quote from: Hamphser on October 02, 2023, 05:59:30 PM

Quote from: Woodie on October 02, 2023, 03:45:25 PM

5 million dollars and we are no where near 100k but already dreaming of the millions, besides Bitcoin price doesn't happen without external money being pumped into it...

So million dollar question is where is this money coming from??

And does Saylor have an agenda why his predicting such high prices?? Is this meant to lure new crypto investors by false advertising Roll Eyes

if it is it will hurt our markets...

Quote from: bbc.reporter on September 11, 2023, 10:19:30 PM

BREAKING
Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.

Source https://twitter.com/bitcoinlfgo/status/1700981076389413281

Nice prediction, and the good part about these is that anybody is free to speculate but the markets have the final say which sucks Tongue

Not shocking and its always been like this. Grin

On the time that they had filled their bags then this is the time that they would really be trying to spice things up and throwing into those unrealistic numbers
and just for the purpose on trying out to hook up newbie investor or even to those old ones and make more investment with Bitcoin and on the time that the price had rose up because of such false sentiment then
BAMM! he would really be making out that sell position or would directly be that securing their profits and then the cycle continues. Its not really that new anymore that these people would really be
trying to hype things up and make some advantage since they had placed themselves at the bottom. So its really just that normal that they would really be making those positive sentiments
which it is really just that a normal approach.

It is undeniable truth that people like Saylor can be very manipulative and working for their own agenda making money. I also dislike it but that's what we got. But I still think pulling more people to Bitcoin trade is not something bad. I am sorry for that people that may lose money over time because they are buying Bitcoin and establishing terrible market positions. Anyways they will get used to Bitcoin over time and they won't make same mistakes again.

We encourage people to spread the word and attract others to invest in bitcoin, but not in this way. This only makes many people view bitcoin more like a ponzi than a real potential asset. We should not support people exaggerating bitcoin just because we want others to join the market with us. We just need to spread the benefits of bitcoin, when people are aware of the benefits that bitcoin brings, people will seriously participate in it. Whatever Saylor's intention in making this statement, I don't expect newbies to believe this and enter the market just thinking bitcoin will hit $5 million.

We in this market don't mean or decide anything. Saylor is only valuing bitcoin for future profit. He's probably buying bitcoin for a reason. Someday he'll sell it. That's exactly what Elon Musk did, only he didn't do it for long. All these people are not thinking about bitcoin or you and me, but only about their personal gain.

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Quote from: Pierre 2 on October 03, 2023, 01:30:32 AM

Quote from: Hamphser on October 02, 2023, 05:59:30 PM

Quote from: Woodie on October 02, 2023, 03:45:25 PM

5 million dollars and we are no where near 100k but already dreaming of the millions, besides Bitcoin price doesn't happen without external money being pumped into it...

So million dollar question is where is this money coming from??

And does Saylor have an agenda why his predicting such high prices?? Is this meant to lure new crypto investors by false advertising Roll Eyes

if it is it will hurt our markets...

Quote from: bbc.reporter on September 11, 2023, 10:19:30 PM

BREAKING
Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.

Source https://twitter.com/bitcoinlfgo/status/1700981076389413281

Nice prediction, and the good part about these is that anybody is free to speculate but the markets have the final say which sucks Tongue

Not shocking and its always been like this. Grin

On the time that they had filled their bags then this is the time that they would really be trying to spice things up and throwing into those unrealistic numbers
and just for the purpose on trying out to hook up newbie investor or even to those old ones and make more investment with Bitcoin and on the time that the price had rose up because of such false sentiment then
BAMM! he would really be making out that sell position or would directly be that securing their profits and then the cycle continues. Its not really that new anymore that these people would really be
trying to hype things up and make some advantage since they had placed themselves at the bottom. So its really just that normal that they would really be making those positive sentiments
which it is really just that a normal approach.

It is undeniable truth that people like Saylor can be very manipulative and working for their own agenda making money. I also dislike it but that's what we got. But I still think pulling more people to Bitcoin trade is not something bad. I am sorry for that people that may lose money over time because they are buying Bitcoin and establishing terrible market positions. Anyways they will get used to Bitcoin over time and they won't make same mistakes again.

We encourage people to spread the word and attract others to invest in bitcoin, but not in this way. This only makes many people view bitcoin more like a ponzi than a real potential asset. We should not support people exaggerating bitcoin just because we want others to join the market with us. We just need to spread the benefits of bitcoin, when people are aware of the benefits that bitcoin brings, people will seriously participate in it. Whatever Saylor's intention in making this statement, I don't expect newbies to believe this and enter the market just thinking bitcoin will hit $5 million.

Pierre 2

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Quote from: Hamphser on October 02, 2023, 05:59:30 PM

Quote from: Woodie on October 02, 2023, 03:45:25 PM

5 million dollars and we are no where near 100k but already dreaming of the millions, besides Bitcoin price doesn't happen without external money being pumped into it...

So million dollar question is where is this money coming from??

And does Saylor have an agenda why his predicting such high prices?? Is this meant to lure new crypto investors by false advertising Roll Eyes

if it is it will hurt our markets...

Quote from: bbc.reporter on September 11, 2023, 10:19:30 PM

BREAKING
Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.

Source https://twitter.com/bitcoinlfgo/status/1700981076389413281

Nice prediction, and the good part about these is that anybody is free to speculate but the markets have the final say which sucks Tongue

Not shocking and its always been like this. Grin

On the time that they had filled their bags then this is the time that they would really be trying to spice things up and throwing into those unrealistic numbers
and just for the purpose on trying out to hook up newbie investor or even to those old ones and make more investment with Bitcoin and on the time that the price had rose up because of such false sentiment then
BAMM! he would really be making out that sell position or would directly be that securing their profits and then the cycle continues. Its not really that new anymore that these people would really be
trying to hype things up and make some advantage since they had placed themselves at the bottom. So its really just that normal that they would really be making those positive sentiments
which it is really just that a normal approach.

It is undeniable truth that people like Saylor can be very manipulative and working for their own agenda making money. I also dislike it but that's what we got. But I still think pulling more people to Bitcoin trade is not something bad. I am sorry for that people that may lose money over time because they are buying Bitcoin and establishing terrible market positions. Anyways they will get used to Bitcoin over time and they won't make same mistakes again.

Hamphser

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Quote from: Woodie on October 02, 2023, 03:45:25 PM

5 million dollars and we are no where near 100k but already dreaming of the millions, besides Bitcoin price doesn't happen without external money being pumped into it...

So million dollar question is where is this money coming from??

And does Saylor have an agenda why his predicting such high prices?? Is this meant to lure new crypto investors by false advertising Roll Eyes

if it is it will hurt our markets...

Quote from: bbc.reporter on September 11, 2023, 10:19:30 PM

BREAKING
Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.

Source https://twitter.com/bitcoinlfgo/status/1700981076389413281

Nice prediction, and the good part about these is that anybody is free to speculate but the markets have the final say which sucks Tongue

Not shocking and its always been like this. Grin

On the time that they had filled their bags then this is the time that they would really be trying to spice things up and throwing into those unrealistic numbers
and just for the purpose on trying out to hook up newbie investor or even to those old ones and make more investment with Bitcoin and on the time that the price had rose up because of such false sentiment then
BAMM! he would really be making out that sell position or would directly be that securing their profits and then the cycle continues. Its not really that new anymore that these people would really be
trying to hype things up and make some advantage since they had placed themselves at the bottom. So its really just that normal that they would really be making those positive sentiments
which it is really just that a normal approach.

BitcoinPanther

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Quote from: jaberwock on October 02, 2023, 02:31:20 PM

Quote from: gunhell16 on September 27, 2023, 09:25:46 AM

Quote from: Stedsm on September 20, 2023, 05:37:23 PM

Remember this?
https://cointelegraph.com/news/john-mcafee-doubles-down-predicts-1-mln-btc-bets-his-dk-on-it

I bet that these predictions are truly baseless or else BTC would have at least crossed $100k during the recent pump based on many factors, which it didn't. TBH, I believe that taking rational decisions on trading and buying BTC should be advised to new investors instead of luring them with such insane numbers which we know that it's literally not easy to attain.

I agree with what you said. The 500,000 dollars that McAfee predicted about Bitcoin is too far; it is now 2023, and the value of BTC is currently around 26k. Then now, it seems like Michael Saylor is just repeating what Mcafee did. The only worst thing is that he seems to be more intense than Mcafee, even though Michael Saylor invested a lot in Bitcoin.

It's not that we don't want it to be 5 million dollars per Bitcoin, but of course, if we make a suggestion about the value of Bitcoin, it should be realistic, and there should be a basis for why such a prediction was made about Bitcoin. Because he will come out in the end with what Saylor said, he will be a liar, and he will come out just hyping the community in the crypto business industry.

I still think that 500k will happen eventually, not sure when 5 million would happen because it feels like that may happen sometime after our life time, but I think we are going to see 500k. He was a crazy person in most cases but he was right that we are going to see 500k, not at the time period he expected it to happen, but it would still reach that price one day why do I think that it will happen?

How about we wait for Bitcoin to reach $100k before discussing any price beyond that. As of now due to its bearish market, Bitcoin is struggling to even recover its recent ATH price. And we are not certain whether the Bitcoin halving effect as catalyst can have the same impact in the market that will lead the rally for Bitcoin bulls to break ATH. Spot ETF approval may bring hype but we also do not know the range of impact this approval of ETF can do. It may not even be felt if things comes to worst.

Quote from: jaberwock on October 02, 2023, 02:31:20 PM

Because if we reach 500k, we would be reaching near the gold market cap and bitcoin is basically digital gold and people are using it so it should be getting there eventually. This may take 10 years, or it may take 30 years but I am sure that it is going to be something within our life time if god permits us to live that long.

Bitcoin is Bitcoin it has its own distinction from gold so I never think of calling Bitcoin a digital gold because Bitcoin has the potential to exceed the value of gold (I think it already has).

$500k if we take the ratio on how ATH increment decreases might need two or three halving before it realized. This is assuming that Bitcoin retains its ratio increment when it records new ATH.

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5 million dollars and we are no where near 100k but already dreaming of the millions, besides Bitcoin price doesn't happen without external money being pumped into it...

So million dollar question is where is this money coming from??

And does Saylor have an agenda why his predicting such high prices?? Is this meant to lure new crypto investors by false advertising Roll Eyes

if it is it will hurt our markets...

Quote from: bbc.reporter on September 11, 2023, 10:19:30 PM

BREAKING
Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.

Source https://twitter.com/bitcoinlfgo/status/1700981076389413281

Nice prediction, and the good part about these is that anybody is free to speculate but the markets have the final say which sucks Tongue

STT

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Quote

happen sometime after our life time

Sooner then that because if possible it'll occur within a rough schedule of government debt terms. The majority of the debt is 25 years or less, just long enough that those in power now will not be around to have to justify what happens on the tail end consequences to their choices to raise defict spending. It'll be in the life time of most of the working population now, if those who fought during ww2 and the recovery after are spending savings now we are comparatively going to reap what we have sown in the last years since 2008 and prior. We have a falling working population depending on your country and that debt cost has to be repaid.
The reason all of that debt is relevant is that it relates to the likely strength of Dollar or trading counter parties like Euro and YEN. If weak currency occurs from excessive debt, poor value returned even if not a hard default we see a soft default where actual value fails. Most obvious example is the end of USSR, the old rouble and new rouble are 10000 to 1 ratio so tell me what the ratio of 2033 dollar is to 2023 dollar because its not near to 1:1 and we could see it slip quite massively as it fails like a broken clutch gets progressively worse.

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Quote from: gunhell16 on September 27, 2023, 09:25:46 AM

Quote from: Stedsm on September 20, 2023, 05:37:23 PM

Remember this?
https://cointelegraph.com/news/john-mcafee-doubles-down-predicts-1-mln-btc-bets-his-dk-on-it

I bet that these predictions are truly baseless or else BTC would have at least crossed $100k during the recent pump based on many factors, which it didn't. TBH, I believe that taking rational decisions on trading and buying BTC should be advised to new investors instead of luring them with such insane numbers which we know that it's literally not easy to attain.

I agree with what you said. The 500,000 dollars that McAfee predicted about Bitcoin is too far; it is now 2023, and the value of BTC is currently around 26k. Then now, it seems like Michael Saylor is just repeating what Mcafee did. The only worst thing is that he seems to be more intense than Mcafee, even though Michael Saylor invested a lot in Bitcoin.

It's not that we don't want it to be 5 million dollars per Bitcoin, but of course, if we make a suggestion about the value of Bitcoin, it should be realistic, and there should be a basis for why such a prediction was made about Bitcoin. Because he will come out in the end with what Saylor said, he will be a liar, and he will come out just hyping the community in the crypto business industry.

I still think that 500k will happen eventually, not sure when 5 million would happen because it feels like that may happen sometime after our life time, but I think we are going to see 500k. He was a crazy person in most cases but he was right that we are going to see 500k, not at the time period he expected it to happen, but it would still reach that price one day why do I think that it will happen?

Because if we reach 500k, we would be reaching near the gold market cap and bitcoin is basically digital gold and people are using it so it should be getting there eventually. This may take 10 years, or it may take 30 years but I am sure that it is going to be something within our life time if god permits us to live that long.

South Park

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Quote from: Falconer on September 22, 2023, 05:35:53 PM

Quote from: South Park on September 22, 2023, 03:22:32 PM

Quote from: 2double0 on September 21, 2023, 01:28:12 PM

-snip-

Either we will have to wait for decades for this price to be reached or an event that shakes the world economy will have to happen in order to accelerate the time frame in which we could see that price, those are the only two scenarios which could lead us to 5 million, however it is impossible to know which will actually happen first, as even if at some point the fiat system will have to collapse I have no idea when this could occur, as the fiat system has been in trouble for a long time and it still exists.

Or maybe we need to wait a century to see the price of bitcoin reach $5 million?
We'll never know if we'll be alive when that $5m is reached, but I think that's a huge amount to happen in the next few decades. Bitcoin won't explode like that in my opinion, but the volatility of its value could make it more expensive over time.

Moreover, market behavior does not have to be the same all the time. Prices can rise and fall at any time for many reasons, but I wouldn't think $5m is a very realistic expectation for bitcoin in the next 5 decades.

While fiat currencies have existed for a long time, the whole world being part of the fiat system is something new, an experiment that has lasted just 50 years, so taking into account all the troubles we are seeing already I have problems picturing the current system lasting as long without a catastrophic collapse, now just because I do not see how it could happen it does not mean that it wont happen, but I find the odds of a collapse of the fiat system and a reevaluation of bitcoin as a result of it to be way higher.

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Quote from: erep on September 29, 2023, 03:06:38 PM

Quote from: AakZaki on September 29, 2023, 07:12:25 AM

predictions are just predictions, Michael Saylor seems to be just guessing and not very realistic. Never mind reaching $5 million now, reaching a new ATH is the most awaited thing or at least breaking the price of $100k is already new history for Bitcoin.
The numbers mentioned that are too big are unrealistic and seem to make us all laugh. But who knows what the situation with bitcoin will be when all the bitcoins have been mined, the price will certainly be higher.

He deliberately mentions unrealistic numbers and it is impossible for the price of bitcoin to reach $5 million in the future, he makes jokes when the market is bearish and we need peace of mind to maintain the portfolio in the current market conditions. However, if he makes a realistic price prediction for the next 10-20 years for $500k then the potential price prediction will be achieved and he will have to keep his word in committing this disgusting act on national television, so don't take his challenge seriously, stay focused on your DCA investment strategy .

Unrealistic approaches shouldnt really be given any attention into and for sure this guy had already filled his bag and now trying to make some positive sentiment to drive the price up.Its true that
these people would really be just trying to hype things up on the time that they had already filled up their stashes and only the time comes on which everyone would really be trying to give out their positive sentiment
towards Bitcoin market. Usually this would really be happening on the time that we are fast approaching halving event on which it is the main catalyst on which we would really be seeing for it to start that bull run.
$5M is really just that too much!

Quote from: AakZaki on September 29, 2023, 07:12:25 AM

predictions are just predictions, Michael Saylor seems to be just guessing and not very realistic. Never mind reaching $5 million now, reaching a new ATH is the most awaited thing or at least breaking the price of $100k is already new history for Bitcoin.
The numbers mentioned that are too big are unrealistic and seem to make us all laugh. But who knows what the situation with bitcoin will be when all the bitcoins have been mined, the price will certainly be higher.

For those people who had been here for those couple of years or simply does have the experience and awareness on how this market behaves or move then they would
definitely be laughing with this kind of price speculation on which it cant really be just that possible even in our life time.Lets say that all bitcoins had been mined but the
demand isnt really that still high or full scale. Then what you do expect?

Topic: Michael Saylor predicts Bitcoin can go to $5 million? (Read 831 times)