Thanks Denker....
That helps to be able to at least browse through some of the substantive points of the discussion panel.
It is interesting how, over time, more and more folks are coming into bitcoin, and there seems to be less and less disagreement concerning the storage of value regarding bitcoin and the likelihood that overtime bitcoin is going to appreciate in value considerably, especially in comparison to various fiat currencies, and also bitcoin's market cap needs to 100x or more from this point, in order to come even close to have a further level of utility that would apply to bigger financial institutions.
That helps to be able to at least browse through some of the substantive points of the discussion panel.
It is interesting how, over time, more and more folks are coming into bitcoin, and there seems to be less and less disagreement concerning the storage of value regarding bitcoin and the likelihood that overtime bitcoin is going to appreciate in value considerably, especially in comparison to various fiat currencies, and also bitcoin's market cap needs to 100x or more from this point, in order to come even close to have a further level of utility that would apply to bigger financial institutions.
It's just a matter of time, JJG.
All of us will witness exponential growths.
YES.... One thing is whether a 10x, 100x or 1000x is likely to happen, another thing is how people talk about such possibilities and another thing is how both the technicals and the mass consciousness work together to allow for such speculations to become realities.
Even though, you frequently hear me writing conservatively (and even arguably skeptically) regarding these various future possibilities that have not yet happened, I have a very decent sized chunk of investment into BTC, so I am likely to profit considerably even from a 5x price appreciation.... A 5x appreciation would likely change my life for the better in some marginal ways, but yeah, a 10x or more price appreciation would considerably change my life..... yet I still consider those kinds of developments (if they were to occur) to be icing on the cake, rather than any kind of certain outcome.
Anyhow, the 3x appreciation from the lower $200s has been quite fulfilling for me, too... brought my BTC holdings from more than 50% in the red to more than 50% in the green... as I type..
JJG, do you know that since the creation of Bitcoin till now, VC investments has reach $240 Billion and counting.
All this will only take time to see results, nothing more than time and trust
I understand that there has been quite a lot of VC investment into BTC, and I agree that some of that investment is going to take some time to play out.... so I agree on that point.
Regarding your $240 billion number, I think that you have some bad sources there regarding the quantity.
I believe that I have seen some credible VC investment numbers, and they are approaching $2billion... but maybe I am a bit off in my memory, too? But I don't think VC investment into BTC is anywhere approaching $240 billion... and I think even $20 billion would be a stretch, when I think that the more accurate number is somewhere around $2billion, at this time.
[Begin kidding]
CAUGHT YOU
YOU DON'T READ THE NEWS I POST.
YOU ARE A CHEATER
[End kidding]
The source of the numbers is from here
