Topic: What Bitcoin's journey from $400 to $200,000 will realistically look like. - page 2. (Read 2052 times)
January 09, 2016, 02:47:55 AM
What Monero's journey from 0.0019 BTC to 0.0011 actually did look like.
January 09, 2016, 02:37:14 AM
Thankfully Berkshire Hathaway stock has already given us a great example of exactly how an asset can go from being worth $14 each to over $200,000 each throughout the course of several decades.
It's conceivable that Bitcoin could make the very same journey, and might even make it faster.
Here's that same chart in linear format. If it looks familiar, that's because it heavily resembles Bitcoin's own violent and exponential movements upward, followed by subsequent periods of consolidation.
You are not considering the exponential acceleration of technological results (and Bitcoin being a medium of that acceleration). You are also not considering that BRK was primarily an American asset which most of humanity could not partake in. Bitcoin's ascent will be much more rapid.
Consider that it took 20 years for BRK to go from inception to $400.
Bitcoin did that in six.
So, at our current velocity, you can safely assume that every decade on this chart represents a three year period.. Hold onto your butts.
It's conceivable that Bitcoin could make the very same journey, and might even make it faster.
Here's that same chart in linear format. If it looks familiar, that's because it heavily resembles Bitcoin's own violent and exponential movements upward, followed by subsequent periods of consolidation.
yeah ok it's possible, but look at the time frame, that stock required 50 years to achieve that result, and in the last 3 years the value just doubled
so bitcoin need tiem for that, in the next halving you can expect a 2x value as a stable one with some major peak
so bitcoin need tiem for that, in the next halving you can expect a 2x value as a stable one with some major peak
You are not considering the exponential acceleration of technological results (and Bitcoin being a medium of that acceleration). You are also not considering that BRK was primarily an American asset which most of humanity could not partake in. Bitcoin's ascent will be much more rapid.
Consider that it took 20 years for BRK to go from inception to $400.
Bitcoin did that in six.
So, at our current velocity, you can safely assume that every decade on this chart represents a three year period.. Hold onto your butts.
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