Show Posts
The best sustainable price bitcoin could reach in my calculations is in the ballpark of $10,000,000 (measured in current day dollars)
anything above that is manipulated
but that's not even saying that it is impossible to reach higher numbers than that, for similar reasons as why the stock market is inflated right now.
Say lots of large pension funds and insurance companies and stuff like that invest in bitcoin, and they also think bitcoin will rise 10x a year every year forever (which is of course not possible, but those guys are so far detached from reality that they think that just because something rises 10x in one year it will rise 10x every year until infinity).
But obviously those guys are too big too fail, and to avoid risking them to fail, governments will actually bail out bitcoin, so that those large funds don't collapse because of their bad predictions. And thus bitcoin will be pumped like the stock markets are right now.
That way, bitcoin could even reach $100,000,000 or even a billion per coin.
Obviously, such a price would not be sustainable at all, so it would eventually collapse if such a thing were to happen, but it's possible that it will happen.
I don't consider it very likely, but then again, those large financial institutions and the governments have shown us that they don't apply any logic whatsoever to economies, and they have basically infinite amounts of money, so who knows.
Anyway, the maximum sustainable price i think is around $10,000,000 although i doubt we would reach that high.
$1,000,000 though seems pretty likely in the long run, and $100,000 is inevitable.
Ahhhhh yis, Bitcoin porn FTW!anything above that is manipulated
but that's not even saying that it is impossible to reach higher numbers than that, for similar reasons as why the stock market is inflated right now.
Say lots of large pension funds and insurance companies and stuff like that invest in bitcoin, and they also think bitcoin will rise 10x a year every year forever (which is of course not possible, but those guys are so far detached from reality that they think that just because something rises 10x in one year it will rise 10x every year until infinity).
But obviously those guys are too big too fail, and to avoid risking them to fail, governments will actually bail out bitcoin, so that those large funds don't collapse because of their bad predictions. And thus bitcoin will be pumped like the stock markets are right now.
That way, bitcoin could even reach $100,000,000 or even a billion per coin.
Obviously, such a price would not be sustainable at all, so it would eventually collapse if such a thing were to happen, but it's possible that it will happen.
I don't consider it very likely, but then again, those large financial institutions and the governments have shown us that they don't apply any logic whatsoever to economies, and they have basically infinite amounts of money, so who knows.
Anyway, the maximum sustainable price i think is around $10,000,000 although i doubt we would reach that high.
$1,000,000 though seems pretty likely in the long run, and $100,000 is inevitable.
