100,000 to 1 Million, nice range you got there.
Even though growth is exponential and not linear, this price range is just too much for Bitcoin. Who would put that much money on Bitcoin? A millionaire? I think not. Most millionaires didn't get rich because of Bitcoin. And if you're going to say that investing much money if you're a millionaire is a good thing to do, well, yes, for you. Because you already know Bitcoins and you have the mindset. But to those millionaires, they will just continue their business.
the problem is all you simpleminded people keep thinking about bitcoin as whole units.
The fact is if at any point in time more than 20 million people want to own bitcoin, not everyone will be able to afford a whole bitcoin.
If 100 million or even a billion persons want to own bitcoin than a bidding war will start for a
FRACTION of a bitcoin.
So people would pay hundreds or even thousands of dollars for a small fraction of a bitcoin (that we basically consider a mining fee today).
There is no other way, if lots of people want bitcoin, there just is not enough bitcoin to give every person a full bitcoin, so a full bitcoin
has to be too expensive to afford for almost everyone.
My vote to move this topic to sci-fi section on this forum, if there is one. If not, we defintely need it for such topics. It is just one example, but there are more: $100k in 2025, etc.
It is good to speculate, but there should be some line between wild speculation and madness.
sorry but you're wrong. an dif you have read any of my posts you'd know why.
People said the same when BTC's price reached $1!
And it repeated when it reached $10 and $100!!!
All of those figures were a piece of piss to reach. Alts have been doing it without breaking much of a sweat. To get to the next level requires a big chunk of people to take it to their hearts. That's the real ball breaker. You can get so far on a small number of maniacs and that's where we are now. To get beyond it is a major undertaking that's out of our hands.
I hate to repeat myself, but this thing is one of the most often issues misunderstood in this forum. it is a completely different ball game to grow your share from $.01 to $1, than from $100 to $10k although it is 100 fold growth each time. The scaling effect is something people completely forget about.
and here you are wrong again.
Yes, much more money is needed to move the price from $100 to $1000 than it is to move from $1 to $10, but you forget that the growth of users grows exponentially as well.
And with more users, comes more money.
Until 2035, Bitcoin will probably be taken over by other new currencies. Or maybe by currencies that are being developed at the time of writing this post. Bitcoin will remain a trading and gambling currency though, because.. At this moment, this is what it mostly is.
there's no reason for bitcoin to be replaced by other currencies, the only thing i am afraid of is the Core devs who might ruin bitcoin. But if bitcoin just keeps innovating (instead of the reluctance to change the Core team has) it can easily stay at the top.
Until 2035, Bitcoin will probably be taken over by other new currencies. Or maybe by currencies that are being developed at the time of writing this post. Bitcoin will remain a trading and gambling currency though, because.. At this moment, this is what it mostly is.
I guess you are right. Bitcoin has a certain timeframe and I doubt we will see it at the end of 2030, let alone 2035. Or it may be integrated in the system of ours that it can't be stopped.
Which is also a possibility
I also agree that Bitcoin is currently a pure speculation machine and if this doesn't change its fate can be only one. However, at the moment the best of the alternatives are not yet good enough to wipe Bitcoin out.
Actually some altcoins are probably even better than bitcoin in some areas. And the Core team is doing a great job at wiping bitcoin out without the help of any altcoins doing that for them.
