Topic: New ATH, $5,500...coming soon (Read 4245 times)
What do you think the catalyst will be for this jump? Ukraine? UK adoption? End of MtGox? A new technology using the blockchain (hint: see my sig)?
$5500 this year is completely delusional. I really hope someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional.
To be fair people were saying 1200 was delusional.
people probably thought $1 was delusional back when price was $0.01
Just think of equal amount of fiat... 0.01 to 1 is at 21M $ at max... Where as 4900$ change is 55,8 billion dollars for 12,4 million coins...
That is slight difference...
$5500 this year is completely delusional. I really hope someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional.
To be fair people were saying 1200 was delusional.
people probably thought $1 was delusional back when price was $0.01
$0.01 and $1 is the same thing as $1k and $100k
they are just numbers
When we start playing at that level, you can bet we'll play among some big players and at big stage. It would be about at time when big players would own big Bitcoin businesses and would have no problems to support the price to gain maximum dollars from their Bitcoin businesses.
The exchanges are a small percentage of the Bitcoin economy. It is only there that the price is determined. Not the mined coins.
If you and I are the only people exchanging oranges for apples and all other apples and oranges are stored, if you give me 100 oranges for 1 apple...then that will be the price for all others.
People are quick to complain about the hoarding of coins, then bring up the "cost per day" required to pay for mined coins. The only thing to change the price is the amount of dollars and bitcoins going into the exchanges.
If you and I are the only people exchanging oranges for apples and all other apples and oranges are stored, if you give me 100 oranges for 1 apple...then that will be the price for all others.
People are quick to complain about the hoarding of coins, then bring up the "cost per day" required to pay for mined coins. The only thing to change the price is the amount of dollars and bitcoins going into the exchanges.
To maintain that price, 25 * 6 * 24 * 5500 = $19,800,000 a day of new mined coins will need to be bought. Doesn't sound like a huge amount really.
“Be fearful when others are greedy and greedy when others are fearful”
― Warren Buffett
― Warren Buffett
"Cheesburger in paradise."
-- Jimmy Buffett
'All you can eat"
-Buffet
$5500 this year is completely delusional. I really hope someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional.
To be fair people were saying 1200 was delusional.
people probably thought $1 was delusional back when price was $0.01
wan't to avoid the possibility of you deleting your own post. just a guess.
"wa not"
- Bronstad
edit1: sure he would have sign the quote with one of his private key
wan't to avoid the possibility of you deleting your own post. just a guess.
"wa not"
- sickpig
"$5500 this year is completely delusional. I hope really someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional."
-chesthing
Wouldn't it make more sense to repeat my post after it has hit $5500?-chesthing
yep, but maybe proudhon wan't to avoid the possibility of you deleting your own post. just a guess.
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Troll more?
I checked this out on Wikipedia, and it said the Duke of Trollmore was a 12th century hunchback known for eating sheep during the full moon.
Then I tried to find the Troll Moors on Google Earth, but it kept redirecting me to Google Middle Earth.
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3) Becomes easily spendable in brick and motor stores
There's an Indy 500 joke in there somewhere, but it'd be a lot of work.
"$5500 this year is completely delusional. I hope really someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional."
-chesthing
-chesthing
After more than 900 posts and still not knowing how Bitcoin economics works...pffff. Troll more?
Honestly I think the price of bitcoin could easily hit $5000 if any of the following occur:
1) A country in financial trouble adopts it
2) Merchants rapidly adopt it as a payment option
3) Becomes easily spendable in brick and motor stores (IE QR code scanning to pay for your shirt/beer/groceries etc)
4) There is collapse of a major currency
5) There is massive inflation or "quantitative easing" of a fiat currency
IMO stating that bitcoins will never hit $5000.....is.....well, delusional
1) A country in financial trouble adopts it
2) Merchants rapidly adopt it as a payment option
3) Becomes easily spendable in brick and motor stores (IE QR code scanning to pay for your shirt/beer/groceries etc)
4) There is collapse of a major currency
5) There is massive inflation or "quantitative easing" of a fiat currency
IMO stating that bitcoins will never hit $5000.....is.....well, delusional
This is more a decent respons that i agree with.
$5500 this year is completely delusional. I really hope someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional.
next year
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Your theory needs to use 1337 to be even cooler (00134.
F7FY
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Wouldn't it make more sense to repeat my post after it has hit $5500?
It makes sense to quote a post before it's deleted.
It also makes nonsense (in a good way) to expand a thread meme (quoting "wisdom" from "famous" investors), but I dishonor the effort by trying to explain it.
"The bitcoin price goes down sometimes, but then goes back up later."
-Proudhon
-Proudhon
can you confirm the source ?
Confirmed.
"The bitcoin price goes down sometimes, but then goes back up later."
-Proudhon
-Proudhon
but... is that confirmed?
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