Topic: Micheal Salyor decalogue for a 10x Bitcoin Appreciation - page 2. (Read 1048 times)

this is the reality with so many people and as a person I had this misconception in the first place because I initially felt that bitcoin is the same as crypto and to be really honest I didn't even know the difference between bitcoin and other cryptocureency. This ignorance is caused by lack of the proper knowledge and sometimes getting the knowledge from the wrong source which could be be false and misleading. It was through this forum I got to learn about bitcoin and got the understanding of it uniqueness compared to other shitty coin that's fills up the whole crypto network.

This is a detailed and informative video and watching it has divine me a better understanding of so many things.

right now, many sees bitcoin as an investment and nothing else which i think makes sense because right now not everyone uses bitcoin so it’s quite unreasonable to use it for your daily transactions especially with its high transaction fees

Micheal Salyor talking about it will attract more investors maybe even change those who don’t understand bitcoin into finally being interested

Indeed, the presence of these new market players will increase liquidity and reduce volatility and Investors' fear of missing out seems to have turned into a fear of not getting out and People are spending some real money in the game Although the impact on bitcoin is not yet clear.

I think that is the porpos of many investors. The primary motive of every investor is to make profit and nothing more. So saying his only concern about the value seems that he should have thinked of other factors which I don't know. I think the number of bitcoin held by micro strategy is the reason behind Why most investors are clamouring to have a slice of Bitcoin. I think his investment plan has changed the motive of many investors who literarily invest in physical asset than a digital asset like Bitcoin. Now Michael j sailor has becomes talk of the day by almos all  investors. His investment on bitcoin is an eye opener to many who never knew bitcoin could be so profitable to that extent. In all investment micro strategy had, bitcoin investment was the only one that made them came to lam light. and that was the hardest decision tooked by Michael j sailor. Now to many newbie, micro strategy seam to be like  a strategy of investment, not knowing that it's a company. So I think his investment plan brought more investors to Bitcoin and Making Bitcoin more popular. One of the factor of a successful project is the amount of investors they have. Checking on Bitcoin corrently it has millions of investors with billions of dollar investment.

Which is the "use of a crypto currency is the one that is intended"?
I am perfectly fine with Micheal Saylor and whichever use he wants to do with this coins.
I am certainly less ok with people looking at MS as a mentor, or a Bitcoin evangelist
A figure that we need to follow in order for Bitcoin to succeed. No, bitcoin doesn't need  a marketing department.

The only thing  Micheal Salyor is after is the raise its value.
He doesn't wish to use a crypto currency as its intended, he wants more value.
That is the tenor of many, the complaint goes: its value is too little.

Spot on. I tried to summarise the sentence with a little bit of freedom, but you are right.
Wondering if Microstrategy will update their reporting standards already in the next EOY reports. Given their bitcoin stash is now in the money I wouldn't know it.
Italian companies for example, seeks to avoid showing profit because... you get taxed for it!


I have a 100 trillion dollar note (Zimbabwe dollars) of course, just to remember myself of the risk of debasing.

We can still attempt to make our projections in terms of today's dollars, even though yes, I understand both the idea of outrageous run away inflation and the fact that USA is attempting to cover up the inflation numbers in order to attempt to camouflage the ongoing depreciation and debasement of the dollar.

At the same time, we can still attempt to project ahead using "today's dollars" and yeah of course, the numbers will end up looking BIGGER in future dollars because the debasement is ongoing, and seeming inevitable, and mostly just a matter of degree rather than a matter of whether. but still, personally, I prefer attempting to project out in terms of today's dollars (even though I know in the future the actual nominal amount is likely to be quite different.. but why should I give any shits if I am trying to compare whether one bitcoin might by me 1/5th of a lamborghini today, but then in a year or two I may well be able to get 1 or 2 of the lamborghini with similar features for the same 1 BTC, and then in 10 years I may be able to get 50 or 100 of those similar lamborghinis for the same 1 BTC.  So yeah the dollar value of the lamborghini may have changed a lot more, but I am still trying to measure in today's dollars in regards to how my BTC might perform.

We could also consider gold's value as compared to BTC, even though gold seems to have had been pretty damned flat in the last more than 10 years since bitcoin has been eating its lunch.  ..

https://www.longtermtrends.net/bitcoin-vs-gold/

Is it?
You have no idea how it is when you paying 4 million $ for an hamburger.
Ask Venezuelans how its was with eliminated 14 zeros from their currency.
https://en.mercopress.com/2021/08/06/in-thirteen-years-venezuela-has-eliminated-14-zeroes-from-the-bolivar-currency

I think that the below statement from the article more clearly states what you might have been wanting to say in your last sentence.


Essentially public companies have to apply the new rules after December 15, 2024, but they are allowed to adopt and apply the new rules earlier.. which likely means that any public company that holds significant amounts of bitcoin may well already be wanting to apply the new rules to any reports that they make about their companies finances from here on out (because they can and because the new rule is better and more accurate in terms of showing actual value as compared with the old rule).

Finally, as the news was much anticipated, the FASB amended the accounting rules companies must follow when adding Digital assets on their balance sheets.

Standards Board Approves Long-Sought Change in Crypto Accounting Rules


Having a mark to market pricing approach means the price discovery of the asset is efficient, meaning that the asset class is investable. Current standards actually tried to prevent swings in balance sheets trough a very cautious approach, that on the other hands potentially could lead to swings upon investment unwind.
This new rules is much more informative of the true value of the investment in the balance sheet, making it more transparent to the investor.

New rules will come in effect from 2025, but companies can anticipate the rule in 2024.

I personally believe that when making predictions in regards to future prices, it is much better to attempt to presume the value in current dollars and/or presume a low level of debasement (even though surely many of us realize that various status quo fiat systems have seemed to have had gotten themselves into such a pickle that is it is likely that debasement is not going to end up playing out in modest kinds of ways)..

In other words, what I am trying to say is that we should be attempting to project forward in terms of real world values rather than in nominal values... even though it might sometimes be difficult to determine if we are being various accurate in terms of our denominations of values.. such as how much a shopping cart full of groceries costs and what is the quality of the groceries, are we talking about actual real food versus artificial imitation food products... and yeah there are a lot of ways of attempting to measure prices outside of fiat currencies, even though that has been our common reference, but we are getting into situations in which we know we cannot really count on the dollar from even greater levels of outrageousness in its level of debasement, as contrasted with previous decades.

The reason leverage might reduce is to do with the dollar and deficit debt issuance, so long as thats around then there is an excess supply of dollars leading to possible excessive lending.  I dont see its to do with regulation exactly with the people in control of dollar have so little self control, BTC is global not bound to one country but its undeniable dollar tides and flows will have this influence.
   I see its likely the future is less regulatory if Dollar does decline, its hard to predict when chaos is quite likely if the world reserve currency should decline especially.  I cant see us switching to any other country alternative especially and neither can others I guess or we'd not be so lopsided to constantly track dollar as the main world currency and source of liquidity world wide.
  A ten piece plan is nice but I presume chaos not an ordered progression like we're going shopping and we'll get everything precisely measured as desired, you will get what you are given is my experience in life generally :p

Yes that's absolutely correct. If bitcoin reaches it ATH in 2025 then calculation or analysis can start. I didn't understand your absumption earlier but now I can understand your prio on bitcoin. If the all time high is achieved to about $80k, a little pumps on bitcoin would increase massively due to higher price. For example if bitcoin is on early stage of $30k %25 push might be a result of about $37.5k but if the price of bitcoin is at the price of $500k %35 growth will also pump to about $675k that will make it more realistic. With my explanation have I gotten your absumption right?

Thats actually correct. I see the reason to why Michael J saylor's analysis might not even meet up the ATH by 2025 %15 - %20 sounds unrealistic because for bitcoin to achieve it's ATH it requires a massive push %100 and above.

For ease of reference, I have added how much of a price rise each of the categories would constitute in terms of using a $30k BTC price as a jumping off base (starting point for the run), and it seems to me that the main thing that I am assuming is that BTC prices will reach an ATH prior to the end of 2025, so then if it ends up that we get a new ATH prior to the end of 2025, then at least the lowest end of the ranges ends up being met. .By the way,  after rethinking this matter, I am would ONLY give around 70% to 80% odds of the BTC price reaching new ATHs by the end of 2025, so even in my own head, my presumption has around 20% to 30% odds of not even being met. 

Nonetheless, if the presumption is met and a new ATH is reached prior to the end of 2025, then the next question is merely a matter of how optimistic is too optimistic and thus becoming too unrealistic from your point of view. 

It also seems to me that the earlier that BTC prices breaches into new ATH territory, then some of the upper price ranges become more realistic.

At this time, I consider my timeline and by outline of various price ranges and even my assigning of odds to be quite a bit more realistic than the narrowness of Saylor's prediction.. even though surely he could end up being right but maybe he is ONLY in the ballpark of 15% to 20% odds of being correct, and my chart covers way more possible outcomes, but yeah even with mine, we might have to concede that it is may well ONLY be around 70% to 80% odds that we will even reach a new ATH prior to the end of 2025, so the mere assumption of reaching a new ATH prior to the end of 2025 is not a 100% given.

He’s such a breath of fresh air & will be seen as a genius within a couple of years. Reports say he is currently in $1,000,000,000 of unrealised profit with his/MSTR bitcoin holdings. Can you imagine what he will be worth in a couple of years. When, as is expected, bitcoin goes to over $100,000 he will be one of the richest men in the world. It’s fascinating to see his conviction.

I don think if Michael J saylor is in anyways ambitious obout the future price of bitcoin. Rather being optimistic in bitcoin. Checking from his history I have never seen him being such a person. His love for bitcoin is top notch and had no other intention. I think his 10poin conversation with Emily Chang wasn't because of his selfish desier of his multi-million investment in bitcoin to micro strategy but rather things he finds inportant to improve the growth of bitcoin. Even if all what he said weren't right with many people.

Inflation of a country can never make bitcoin reach it ATH. It can not change anything or makes it reach it ATH or add any much value to bitcoin rather they will be free from hyper inflation if they convert there fiat to BTC.



I don't know how you compunded this, but it's too unrealistic to me, ranging from each percent growth. I might still be a newbie to understand your analysis but I think your absomtion is very high. And unrealistic LoL.

I think that you are a bit negative on bitcoin, and sure it could take a bit of time for the BTC's price to get to $100k and beyond, but I doubt that it is as far out of reach as you are making it out to be...

Do you remember the 3.5x that bitcoin did from April 1, 2019 to June 29, 2019 (from $4,200 to $13,880)?  Well I doubt that Bitcoin's investment thesis and/or fundamentals or the various kinds of shortage of liquid bitcoin for sale is really that much different now as compared to 2019, even if we might be talking about a need to have 10x more interest (financial power) in bitcoin to have it pump from $42,000 to $138,880 in 3 months.. .or maybe it takes longer than that.. but it is not such a low probability event as you seem to be making it out to be, even though sure it may well be less than 10% odds of happening in the coming 6 months or so... but you never know.

Not to get too far off topic, but what do you think about my below numbers that relate to BTC prices until the end of 2025?  Am I being unrealistic? 

I am thinking that I might even be a bit more conservative (and realistic) than Saylor in regards to my timeline and then also the fact that I have various alternative scenarios and also I have odds assigned to each of the price ranges.. so his 10x from today of $370k in a year is quite a ways out there as compared to the way that I am framing it, and I would give his projection something less than 20% odds, maybe even less than 15% odds.. but it is surely not zero odds.. just seems to be a bit too much too soon.

Just since you two happened to mention debasement of fiat in relation to appreciation in bitcoin's price, it makes me think back a few years when I remember writing that in order for bitcoin to hit $10k/$20k/$50k that the global economy would have to be in such a crisis that any celebration of bitcoin's gains would be blunted by the effects of the crisis....and I was so wrong that I don't think I can ever be as wrong about something again.

I guess what I'm getting at is that the strength of fiat, its future, its downfall, whatever, may not be as correlated with demand for bitcoin as you or I think.  Or at least I was proven wrong so badly that I know better than to make predictions like the ones I made years ago (and I forget when those were, but probably around 2015-16).  And while I think it's unlikely bitcoin is going to reach a six-figure valuation anytime soon, what the hell do I know?  Markets have fooled me so many times that I've thrown in the towel and admitted I know nothing about how or why they move the way they do.

But here's hoping Michael Saylor's hexadodecalogue is on the money.

I'm trying to digest this one point. This is a fairly basic point, but actually it is the most important point and also a point that many beginners who have just entered this field do not understand. I wish I could have understood this better earlier too. And this is indeed one of the important things that needs to be said more to overcome everyone's doubts and fears about bitcoin. I admit that MS is exemplary in his very optimistic and unwavering attitude when talking about Bitcoin and the speculation he puts forward for the future.
But sometimes he does exaggerate a little when talking about rapid increases and such. But even so, I agree with almost all the points he put forward. Although sometimes he seems too ambitious about the future price of Bitcoin.

However Bitcoin will indeed be bullish in time. But I don't think the increase will be so fast and drastic as MS is talking about. However, fiat continues to experience a decline in value whether consciously or unconsciously. It's not about a decrease in the value of one currency from country A to country B. But a decrease in the value of the price if bartered with objects that we usually buy and sell. Ah, sorry, it's hard for me to find the words to convey this. I didn't find suitable words.
But this is also what seems to be helping Bitcoin's price increase more quickly. In fact, in some countries there are citizens who trust their assets to be converted to BTC rather than their own country's currency. So in some countries BTC even reaches its own Ath based on that country's currency. Because the inflation rate is quite severe. or hyper inflation.