Topic: monkeybars' BTC predictions - page 2. (Read 2670 times)
I really hope the future of our monetary system is BTC
Your numbers are matching pretty much with my long term analysis that i finished last night.
GJ.
GJ.
yes, agree with it, apart from the $ will not be used as a measure of value for ANYTHING by 2021
Hey all! I'm a newb on the forum as of today.
1. I've read about half of Neal Stephenson's books. After finding out about Bitcoin, I read his short story "The Great Simoleon Caper." What foresight! I really appreciate how he weaves economic themes into his speculative fiction. Currently on the Baroque Cycle and am fascinated to read how the influxes of silver and gold from the Americas affected Europe's economy, etc.
2. Started to get interested in Bitcoin about a month before the last spike in 04/13.
3. Finally bought some BTC after the spike for investment. Would like to get paid in BTC so I can begin spending it regularly.
4. One of the reasons I decided to invest (not just use) BTC is because I think it's going to take over the world monetary system. I've done a bit of research on the size of the U.S. and world economies. Here are my predictions:
Feel free to chime in whether you think I'm right, or totally off the mark.
1. I've read about half of Neal Stephenson's books. After finding out about Bitcoin, I read his short story "The Great Simoleon Caper." What foresight! I really appreciate how he weaves economic themes into his speculative fiction. Currently on the Baroque Cycle and am fascinated to read how the influxes of silver and gold from the Americas affected Europe's economy, etc.
2. Started to get interested in Bitcoin about a month before the last spike in 04/13.
3. Finally bought some BTC after the spike for investment. Would like to get paid in BTC so I can begin spending it regularly.
4. One of the reasons I decided to invest (not just use) BTC is because I think it's going to take over the world monetary system. I've done a bit of research on the size of the U.S. and world economies. Here are my predictions:
- Bitcoin will continue at about 550% annual appreciation until 2018.
- BTC will break $300 in early 2014.
- BTC will break $1,000,000 in late 2018.
- BTC will slow down at that point, leveling out around $3,500,000 around 2021.
- During this 550% annual rise, there will be numerous rapid spikes and cliffs. I predict about 10 spikes/cliffs between now and BTC's plateau early next decade.
- It is possible that USD and other nation-state fiat central-bank currencies will experience inflation and even hyperinflation during BTC's rise. However, it is also conceivable that quantitative squeezing will prevent this as people's wealth is transferred into cryptocurrency.
- Banking systems worldwide will go in to crisis late this decade. Many banking infrastructures will collapse completely. The world will experience financial turmoil as fiat currencies inflate, and liquidity in BTC is adopted too slowly to take fiat borrowing's place. It will be a very rough transition, especially in the developing world. High-tech centers will weather the storm with the least disruption.
- National tax schemes will be eroded to some extent during this process. There will be many more government bankruptcies as a result of the rapid loss of use (and hence value) of national fiat currencies. Governments will attempt, and fail, to control Bitcoin. The power of federal governments will weaken during Bitcoin's rise, and drastically change during the 2020's. Nation-states will hold much less power. Social currency will gradually begin replacing government intrusion and control as the primary glue between strangers in cultures.
Feel free to chime in whether you think I'm right, or totally off the mark.
Jump to: