Fakhoury....how can a high price be seen soon without a bubble?
This confuses me.
Thanks my friend.
To go up brother, it can be done in two ways.
Either we go into bubble/bust (fast) or we go steady growth (slow).
There are people who prefer bubble/bust like Xapo CEO and others prefer steady growth like Vinny Lingham and me.
Although steady growth is slow, but it's guaranteed in terms of high prices and their stability.
That's it
N.B. : I'm trying to get my brother (afbitcoins) in the talking because used to learn from him and still learning, maybe he have something to add.
You are most welcome
I personally believe that slow and steady is not really possible (I mean it is possible like an outlier 1 in 1000), and the most likely scenario is lots of continued volatility. Bitcoin remains controversial, a relatively small market cap, a whole hell-of-a-lot of use cases, networking effects, disputes regarding it's value, and probably a lot more that causes bitcoin's price to be a recipe for ongoing volatility and continuous overshooting of actual objective value (to the extent that exists in a world of humans)
I meant around 2x-4x increase per year
Call me a nay sayer, but I really don't think that bitcoin works like that, and for the reasons that I already mentioned volatility is going to continue to be in our most likely near term future... whether that volatility is up down or sideways on average. There may be some years with really great growth and other years with mediocre growth. I don't think that you can really achieve steady, even if you are describing that as an exponential kind of steady that ranges between 2x to 4x.. It just seems like too unlikely of a scenario (even though it is in the realm of possibilities, it is like less than a 5% chance that something like that could play out, in my humble bumble opinion). Now on the other hand, 10 years down the road, we may describe an average that ends up being within the range that you describe, I doubt that the year to year performance is going to be anything steady and sure like that.
I won't ever never call you a Naysayer brother, although we don't agree much but you've from all love and respect and our PMs could witness on this
I agree with you that years we will have great growth and year won't, but in general, the trend is upwards.
I recommend you to watch Clif High video I've posted few days back to know where we are heading this year
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