Author

Topic: Will cryptocurrency succeed through steady price rise or 'hyperbitcoinization'? (Read 992 times)

hero member
Activity: 798
Merit: 1000
Move On !!!!!!
a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.

Yes, I also hope that we will see a slow and steady rise. This would be preferable.

 I also think that some bubbles are still necessary and will happen in the near future, 3-5 years. It's hard imaginable that we wouldn't see a strong spike if we would get a surge of let's say 10 million people into the Bitcoin ecosystem in a year or so. Especially since our current user base is quite small, about 1 million users.

So yes, there will be some spikes!

I already hear numbers that crypto userbase is around 10 million.
Which dark hole where the sun never shines do you get that 1 million number from?

I don't know mate, 10 million is way too much! Where did you get that number from? I might said to low of the number, but I think also that you went a bit high!

I got the 10Million from hear say.
Agreed, we're both unable to give an accurate number.


That's exactly where I got the 1 million number as well. And when I got a chance to read about it, even this 1 million was quite high for majority.

Yes I agree, this is completely irrelevant and we can never be able to tell exactly how many users are. All we can do is play a guessing game. I do hope you are right and I was wrong though, 10 million users would be awesome!
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.

Yes, I also hope that we will see a slow and steady rise. This would be preferable.

 I also think that some bubbles are still necessary and will happen in the near future, 3-5 years. It's hard imaginable that we wouldn't see a strong spike if we would get a surge of let's say 10 million people into the Bitcoin ecosystem in a year or so. Especially since our current user base is quite small, about 1 million users.

So yes, there will be some spikes!

I already hear numbers that crypto userbase is around 10 million.
Which dark hole where the sun never shines do you get that 1 million number from?

I don't know mate, 10 million is way too much! Where did you get that number from? I might said to low of the number, but I think also that you went a bit high!

I got the 10Million from hear say.
Agreed, we're both unable to give an accurate number.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.

Yes, I also hope that we will see a slow and steady rise. This would be preferable.

 I also think that some bubbles are still necessary and will happen in the near future, 3-5 years. It's hard imaginable that we wouldn't see a strong spike if we would get a surge of let's say 10 million people into the Bitcoin ecosystem in a year or so. Especially since our current user base is quite small, about 1 million users.

So yes, there will be some spikes!

I already hear numbers that crypto userbase is around 10 million.
Which dark hole where the sun never shines do you get that 1 million number from?

I don't know mate, 10 million is way too much! Where did you get that number from? I might said to low of the number, but I think also that you went a bit high!
full member
Activity: 193
Merit: 100
even the most delusional bull must agree that the bitcoin price can not go to trillions. i assume u meant market cap ?

Yes, fixed.  However, consider that the monetary base of Earth is founded on largely material assets with illiquid money.  Once crypto really ramps up and artificial reality and the internet move into the next generation it would be silly to think all of humanity would encapsulate only about $100 trillion of value. 
 
I am imagining we would see the value of our species rise to at least $1 quadrillion and if bitcoin is 10% of that (reasonable, if not conservative) we are looking at a $100 trillion market cap. 
 
That would be about $4.7 billion (that's billion with a 'b') per bitcoin. 
 
For you Monero lovers out there, if Monero represented 10% of this new market cap of future-Earth (circa 2035) that would be approximately the same.

Damn, I'm already a billionaire in the future, can I retire already ? :p
Let's already get to that 1K and then 10K and call it a nice success Wink.
legendary
Activity: 1036
Merit: 1000
Yeah, I think "hyperbitcoinization" or whatever is over, and bitcoin will probably succeed through steady price rise over a long period, maybe 50-100 years.
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.

Yes, I also hope that we will see a slow and steady rise. This would be preferable.

 I also think that some bubbles are still necessary and will happen in the near future, 3-5 years. It's hard imaginable that we wouldn't see a strong spike if we would get a surge of let's say 10 million people into the Bitcoin ecosystem in a year or so. Especially since our current user base is quite small, about 1 million users.

So yes, there will be some spikes!

I already hear numbers that crypto userbase is around 10 million.
Which dark hole where the sun never shines do you get that 1 million number from?
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.

Yes, I also hope that we will see a slow and steady rise. This would be preferable.

 I also think that some bubbles are still necessary and will happen in the near future, 3-5 years. It's hard imaginable that we wouldn't see a strong spike if we would get a surge of let's say 10 million people into the Bitcoin ecosystem in a year or so. Especially since our current user base is quite small, about 1 million users.

So yes, there will be some spikes!
legendary
Activity: 896
Merit: 1000
a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.
Q7
sr. member
Activity: 448
Merit: 250
I don't believe in sudden rise because usually it won't be able to sustain itself. Assuming if there is a global economic collapse that pushes fiat paper money to become worthless, a sudden buy out will only benefit speculators that trigger them to increase their trading and margin size. Whereas if you have slow increase, which is basically supported by fundamentals, in this scenario, trader don't have the chance. Price would undergo normal increase as what it should be.
newbie
Activity: 56
Merit: 0
...
I am imagining we would see the value of our species rise to at least $1 quadrillion and if bitcoin is 10% of that ...

"Our species," of course, being American Pegasus, right?
Pegasuses? Pegasi? Pegai?
hero member
Activity: 770
Merit: 504
even the most delusional bull must agree that the bitcoin price can not go to trillions. i assume u meant market cap ?

Yes, fixed.  However, consider that the monetary base of Earth is founded on largely material assets with illiquid money.  Once crypto really ramps up and artificial reality and the internet move into the next generation it would be silly to think all of humanity would encapsulate only about $100 trillion of value. 
 
I am imagining we would see the value of our species rise to at least $1 quadrillion and if bitcoin is 10% of that (reasonable, if not conservative) we are looking at a $100 trillion market cap. 
 
That would be about $4.7 billion (that's billion with a 'b') per bitcoin. 
 
For you Monero lovers out there, if Monero represented 10% of this new market cap of future-Earth (circa 2035) that would be approximately the same.
hero member
Activity: 770
Merit: 504
legendary
Activity: 2338
Merit: 2106
even the most delusional bull must agree that the bitcoin price can not go to trillions. i assume u meant market cap ?
legendary
Activity: 1946
Merit: 1007
Your graph seems a bit steep (wasn't it posted in a different thread as well a while ago?)

I don't think I will be a gradual linear increase, it will have some major peaks during hype moments and the resulting trend line will likely be exponential as we reach some critical levels of acceptance.
hero member
Activity: 770
Merit: 504
Let's assume that crypto (perhaps not solely bitcoin) succeeds in becoming the backbone of the entire planet's financial system.  
  
The price will have to rise until its marketcap is at least in the trillions, and considering the advantages that velocity of money brings it is likely that we will quickly eclipse the GDP of Earth once cryptocurrency gets in swing.  
  
But how does it get there?  Will it be a slowly and steady swell through the years (I'm thinking if it happens, it will surely happen by 2030), or will there be some magic tipping point where it will become a mad dash and we will see the fabled "hyperbitcoinization"?  
  
 
  
I'm at odds trying to visualize how it would happen: on one hand a slow and steady rise makes sense as larger and larger entities get involved and support cryptocurrency (and the technology matures).  On the other hand, humans are rarely so rational.  What's your thoughts?
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