AlcoHoDL maybe the only problem with your model is that we don't know what the real value of USD would be, meaning that your model can be revised on the way up even more.  Very true! Thanks for pointing it out... |
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That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...] Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year... I can live with a BTC/USD gain of 100% per year: Year BTC/USD
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2020 $ 17,000
2021 $ 34,000
2022 $ 68,000
2023 $ 136,000 <--- My "moon" level.
2024 $ 272,000
2025 $ 544,000 <--- My "fuck-you rich" level.
2026 $ 1,088,000
2027 $ 2,176,000
2028 $ 4,352,000
2029 $ 8,704,000
2030 $ 17,408,000
2031 $ 34,816,000
2032 $ 69,632,000
2033 $139,264,000 <--- My prediction of 1 cup of coffee = 1 sat comes true! |
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Watching this correction play out is boring  I think anything below ATH is boring these days... |
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[...] EDIT: So i asked my wife to BTFD and she did  Good girl  Did she? Really? Lucky guy you are! Now you're tempting me... I've got some spare fiat from a bonus I got recently. About $10k. Should I? Damn! |
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Breathe in, breathe out.
Bidnez as usual. Honey badger's got to sleep too, ya know... He isn't some sort of superpower like Vegeta or sth...
As Jay would say: "don't you know nuttin'?"
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@OROBTC:
The post of a true gentleman. WO is like Bitcoin. No central authority. You are part of WO, or you aren't. You stick, or you don't. It's a beautiful thing, that I have not yet found anywhere else online, or even offline. In these here partsTM (thanks JJG) there are no set rules, no nasty admins, no guidelines to strictly adhere to. There are posts about Bitcoin, trains and rockets, violins and Carolinas, haikus & limericks, rusty pipes and dildos of various sizes, naked asses with messages written on them, all mixed with Nietzsche, The Daily Stormer, ancient Greeks and aliens. And, yet, there is a self-sustaining order and structure that holds it together and makes it the wonderful place that it is. So, thanks, OROBTC, for adding your own ingredient to that special WO sauce.
@JJG:
About the 1 sat = 1 cup of coffee prediction. The logic is this: prices for everyday goods & services cannot be truly BTC-nominated, as long as fiat exists and is used in most manufacturing/production supply chains. Even if a store wants to price their goods in BTC, they still have to buy them with fiat from the wholesaler. The entire chain has to convert to BTC for truly BTC-nominated prices to be able to exist. I strongly believe we are very, very far away from this stage. This will be achieved when BTC attains its true steady-state value. I can't put a date of when this will happen, but until then, I do not believe we can escape from fiat as a necessary evil when we want to make use of out wealth. We may not have to handle fiat ourselves if we don't want to (there are ways to avoid fiat altogether), but fiat will have to take part somewhere in the process. Sadly. Volatility and wild fluctuation in the prices of goods (when expressed in BTC) will plague us for some time to come. What the steady-state value of Bitcoin will be is anyone's guess. I gave the conservative estimate of 1 sat = 1 cup of coffee, based on the limited supply of 21,000,000 BTC (much less if you subtract lost coins and, perhaps, Satoshi's own stash). I can live with that. Or with much less than that. But, IMHO, the current BTC/USD value will not ever register in the price charts of the future. OK, maybe in log-scale...
As for WO page parity, it will happen once, and it will happen soon.
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So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.
4 digits is no longer possible. That time has passed. proudhon should be here soon to maths and science this statement for accuracy. "Math & science me this!" Nice! |
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It's all good.
The time everyday goods prices will truly be BTC-nominated, is the time a cup of coffee will cost one (1) sat.
HoDL.
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How you going to pay in BTC if the person refuses to accept BTC..? Hold a gun to their head? You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?
Of course. However some places do take BTC, yet I've never seen one whose prices are BTC nominated, and don't move with the BTC/USD price. So in reality the prices are still un USD (other fiat). As long as they use fiat to pay for their supplies, their BTC prices will always move with BTC/fiat. To have truly BTC-nominated prices, everyone in the supply chain has to be BTC-nominated, and, sadly, that's still a long way away... For now, fiat is a necessary evil, if you want to enjoy your riches. Sadly... |
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Today may be the day.
Soon anyway!
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I think we will reach ATH today.
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"Do Your Own Research."
Yeah, baby, DYOR. That's the new trend.
We are all doing DYOR.
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LFC Bitcoin Price IndicatorTM: $113* (126% gain)Onwards & upwards. HoDL.* Explanation.
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$400 to ATH.
Fuck this pump for ants.
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Pfff... Is this a pump for ants or what?
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It feels so good when I see this number... I bought my first BTC around $200. I felt really good when it reached $1000. I felt ecstatic when it reached $10k. I can't even begin to imagine how I will feel when it reaches $100k! This will be the "goal achieved" milestone for me. I will aim to always maintain at least 50% of my coins. Depending on the situation then, my intention is to only sell BTC whenever I need "conventional cash" for something. This will probably result in actually spending very few of my coins, as my living expenses are not too high. For me, a very important element of owning Bitcoin is the psychological factor. Just knowing I've attained "fuck you" rich status is enough. Lambos, hookers and blow may follow, but they are not my aim. Onwards & upwards. HoDL strong, brothers & sister. |
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