nonsense, do you even know what you're talking about or you just post for the sake of posting?

I've been trying to tell you people, bitcoin is not something that can fail or die off. Like internet, once it's invented, it's here to stay. Bitcoin is not merely new digital money, it's a whole new concept of money. I can foresee fiat money would have to be backed by Bitcoin in order for fiat to have value, when the words of the government is no longer enough to back a currency.

If banks are smart, they would ride on the inevitable evolution of money - that money, in order to have value, cannot be infinitely created out of thin air.

Except that Bitcoin isn't inflationary and is rightfully fundamentally technically sound. Bitcoin did it right fundamentally the first time. It is truly a remarkable and once in a lifetime kinda thing

is because they did not get into Bitcoin when it was in the pennies and missed the boat.

what about ethereum, pray tell?

Dude, the first one is the one that started it all. But the difference is that all cryptocurrencies are time-based, meaning if you get into it earlier, you always have the advantage than getting into it later. In cryptocurrency you're always able to mine more than you can later. That already sets it a value based on chronology. It's fundamentally a time-based system first and foremost, so other features such as technical and economic can't trump its first and fundamental feature

Not a ferrari, but 10 btc can probably buy you a decent car or a smallish studio apartment in 2020. Remember that fiat goes down in value, and if the world's government are able to maintain the value of fiat which is inflationary, in which bitcoins response in a deflationary way, a ferrari that would've cost 10 billion may have only cost 10 million , and I think 1 million per btc may be a bit far fetched for 2020.  Maybe at 2040.

In cryptocurrency, the one with the first mover advantage will ALWAYS be the one that subsequent coins will be based on. So no mater what other coins that comes AFTER the first one, will always be based and can NEVER overtake the FIRST one. Cryptocurrencies are time-based by nature

I'm citing the example purely on the principle that something that is limited, and cannot be produced anymore, ultimately will go up in value. That is what Bitcoin is about. Something that is fungible and limited hence deflationary, as oppose to fiat which is fungible and unlimited hence inflationary. Just as sure as your dollars will worth less in value due to inflation, bitcoin will worth more in value due to deflation. This is non-arguable: it's simply math.

As long as the people trust their government to do what's best for them. But in actuality, governments don't do what's best for the people; only what's good for the government, of the people. But if the people are so willingly to be led, controlled, and governed by the government, then the government will lead, control and govern the people as they see fit, whether the people like it or not. But never assume that a government does what is best for the people, that has never been the case. A government does what's best for its own good, not the people, else that government CANNOT govern the people. Governing means to subdue the ones that are being governed, else they cannot be fully governed if the ones being governed resist the ones governing them.

Bitcoin is time based. The earlier you get into bitcoin, the more profitable you are. Like land and property, prices can only go up

Oh falling, I know you want to buy in bitcoins for as low as possible but please do be a little more realistic. You WOULD be hoping that bitcoin falls below $400 (me too, if the market grants such an opportunity) but sometimes the greedier you are the more you lose

Take an antminer s1 running 180 Ghs @ 400w taking 303 days to mine 1 full btc,

Price of Antminer S1: $200
Electricity cost : 400w x $0.12 /kW x 24h x 303 days = $349
Total: $549

Note that is still not factoring in the difficulty increase every 2 weeks which actually means it'll actually take more than 303 days to mine 1 single btc.

No you don't, and you just reiterated that fact. When you say it's likely to hit sub $100, you just lost all credibilty to those who understand why bitcoin is so valuable and that it is insanely undervalued at the moment. When people realize just how difficult and costly it is now to mine bitcoins, they would've bought as much as they can afford. If bitcoin were to fall below $100 it would've done so long ago, but it hasn't because of natural market resilience. You don't have to go far, let it fall sub $400 and watch how many buy orders going in that price will almost immediately go up again. I guarantee you there's no chance in hell you're going to be able to buy bitcoins below $400 now.

Another rally is a certainty. Everything works in cycles. Everything is vibrations. You have ups and downs and round and round.

The biggest scam of all in the history of mankind is fiat. It belies logic that people still put value into something that can be infinitely created by a single entity and backed by nothing but a government's promise

Bitcoin was conceived to be a form of digital money. But now, Bitcoin is no longer digital money. It's actually digital gold. And just like gold, now $1200 an ounce, it is near impossible for gold to be below $100 an ounce, people would be mad buying should it ever be that low and the price will be up again. It's a hypothetical situation what OP is describing, and it only proves that he really has no idea what Bitcoin is and really shouldn't be making predictions. It's like a banker trying to predict the alignment of the stars and thinks if the stars don't align it will affect the price of his stocks

I don't think so. If merchants are selling at below what they were paid in bitcoins for then these merchants are not very smart. What's the point of accepting bitcoins for payment when fiat does the job just as well AND does not lose value in mere days

Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.

Yes. It means fuck you to you