Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9289. (Read 26713218 times)

The rallying USD is concerning in the medium term. If much of Bitcoin's appeal lies, like gold, as a hedge against inflation, the USD could be seen as a safer bet over the next couple of years as the global economy collapses.

2012   25   10500000   75.00%
2016   12.5   15750000   87.50%
2020   6.25   18375000   93.75%
2024   3.125   19687500   96.88%
2028   1.5625   20343750   98.44%
2032   0.78125   20671875   99.22%

So... these are estimates, and the first number is the year, so that could be off by 1 (or a few months). By 2030 we'd have 20 million corns and close to 99% of all corns mined. Within the next few years after that we will see more adoption. More hash rate.

And yet, anyone who gets in at that point is still an early adopter. I would guess we might see some stability by 2040 to 2050 as there are no new (not really) new corns being mined anymore. I mean only 10k corns every year, so that's like 850 corns per month.

The price per mined corn would be higher then, simply because each corn uses up more hashing power and there are less block rewards.

Even if every halving from now till then just results in a mere doubling in value, we are talking about 8 halvings. That's 2.56 million before the year 2050.

The goal now is to set aside some fiat, buy some corn, stick it in cold storage, don't touch it for a decade. A better idea would be to move and upgrade wallets as needed, from time to time, even if you just consolidate your corns into new addresses when fees are low. Like, you can wait a day to pay 1 sat / byte to move them, as you continue to buy $100 or whatever amount.

It is good to have a Plan B (pun intended), in case things don't go the way we expect. So, I appreciate every well informed contrarian opinion even if it's bearish. It is good to play every possible scenario. The worst you are talking about - staying at the current levels long after the halving  is only theoretically possible, IMHO. With almost all bitcoins mined and millions (probably even billions) new investors, I don't think this is a realistic scenario after 3 halvings. For example, after the one year bear market we saw a strong bull run with an increase more than 4 times, while most of the traders were still asking themselves if the 3k bottom was the last! There were no good news and the halving was a year away. This is a clear sign that 3K was not a real price but way below that price. The Summer action was also a good sign, since it showed that the exchanges have a good liquidity and can sustain 10K price. The bad news of bakkt's flop was a major blow to that support, but still the price in the next days fell only 15%, not 30%+ like in some previos bad days. So, even without institutional investors, we can expect the price will continue to grow. This will mean a 10K-ish rise of the price each year, so by 2025 we definitely should be above 50K. Then only 450BTC will be mined each day and many more will be lost, as Dabs pointed out. Again, I don't think it will be the case,  this is at least for me the worst bearish practically possible scenario. And since in the high volatile markets there are always explosive bull runs, it is highly probable that 50K will be touched much earlier.

In that year, 1 BTC (or less) per child should cover a 4 year degree, including all expenses, ... likely those still exist in some form.

Just the worst in guessing things I would follow Hairymaclairy with a slight of more bullishness so we could close the year +5-digit somewhere near 11,777 is the price at dec 31
Maybe a bit higher in front but some n00bs will sell for some more expensive X-mass presents as they normal would buy.....
Just some n00b people with unexpected gains and not able handling there money properly

Do people actually believe Bitcoin will or even can die? Cmon, now. Lets ask the Venezuelans what they think about paying with fiat.

Hey Mic! Interesting, what is your own prediction?  

so when did you hear about Bitcoin for the first time?

EDIT: you are a forum member since below one year. but this could mean nothing. I've heared about Bitcoin over one year before I registered to the Forum because I thought FBI, CIA, NSA will hunt me if I do it earlier.  

Guess here im a newbie, however, there aren't that many newbies in the German WO, are there?

Ok, this is bullshit. Because I follow the Micawber school of finance, I have tracked income and expenditures for a number of years and have a pretty good idea of the ratios. The above spreadsheet is a straw man and excludes a couple of key items:

1) Biggest is income: If you look at line 3 you see they took the 24k standard deduction alone. Bullshit: If you're making 350k, have a big mortgage, and donate to charity/childcare and are not taking more than the 24k deduction your tax professional should be stoned. Probably is.

Fixing this with more rational numbers yields an estimated tax of 52k instead of 92k, leaving them with another 40k a year in free cash flow.

With just that, you now have a cash flow of net 40k a year or +$3,333 a month. That's a bit more than starvation amounts.

2) Other numbers are somewhat suspect as well. Sorry, but middle class people don't spend 24k for "preschool" (fuck, I pay less than that for college for 2), which adds another 2k a month to the pot. Some other numbers as well are low (utilities and fuel for example, but those are little people things), so once again I think this is a crock budget.

So overall I think this is a crock of crap and a perfect example of how people think their lives are so much worse than they are.

#Bull

done, Brother

#bitcoin is the driving force to understand money's profound role of facilitating societal evolution.

The price system is a collection of individual choices producing equilibrium to the division of labour.

Result is efficient productivity!

🙏
@saifedean
 for suggested reading.

source:https://twitter.com/bronzefozzz/status/1179366284531814400

reading this book information about bitcoin help learning.

Lot of Germans coming to Bitcoin, shouldn't surprise as German yield curve is entirely negative up to 30y!
Saving at negative rates is the biggest push for BTC to the moon!

https://bitcointalksearch.org/topic/m.52609651
^
If you got something to say, do it in here!

Make a piece of BTC while doing it.

watching Newbies slowly coming in here and also in the German WO thread. this is a good sign for adoption I guess. maybe we will see a little peek above $15K (but no new ATH) before the end of 2019. just telling.

all over @JSRAW brother giving interesting information 

yaah understood brother @Gyrsur

nice to see white man.

I think I already said this many times, also here on the WO.
I have a feeling a lot of people, institutional investors included, are looking at PlanB models, and probably sometimes between here and the halving we'll start seeing some kind of front running. I do agree with LFC scenario of easy 50K after halving in May20.

If the halving rally fails to materialise before or after the halving, say one year after, we still are around today's level, then we will experience a very long and cold cryptowinter II.
Institutional money, who is ready to dump a LOT of money into cryptos, see Bitcoin as an uncorrelated, high volatility asset. Something that is very precious in low volatility/negative interest rate financial environment.
If bitcoins then fails to provide those investors  with a positive return, then we we'll have a serious adoption problem posing a threat to further growth.

Not going to comment on that i am just observer from the outside.

@Dabs : Regarding adoption : I am planning to pay my kids tuition fees etc in the year 2040-45 with BTC, if that's count. Hopefully