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Author Topic: The only way to get rich is by riding the next big alt pump  (Read 6109 times)
Dafar
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February 20, 2017, 04:21:46 PM
 #141

Bitcoin may not have a rise of 1000X like before, but the market cap is still tiny relative to other markets and a rise of 10X by 2020 isn't out of the question by any means. That would make me a millionaire and it's still a better investment than anything else I can think of right now, crypto or not




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February 20, 2017, 04:56:32 PM
 #142

but you can agree that it will take a very long time for bitcoin to mature to that point, maybe we are dead by that time, we can't wait 30 years just to have bitcoin at 30k, random example, i look at resoanable time frame, 2020 is my time frame for a great value otherwise i just dump and forget

That's somewhere around my cut off date too, but not in terms of gains. I don't believe 2020 is enough time for the gains some people are dreaming of. I do think we'll have a much clearer idea of what Bitcoin's fate will be by then.

If there isn't any scaling and even more centralisation then I'll be walking away. If it can't evolve then something else will.


I agree that 2020 is too short for bitcoin to increase in price dramatically.  I think it will take another two decade, that is if the current problem of Bitcoin is solved.  If not then I only see the current Bitcoin supporter moving to another cryptocurrency thus making all the prediction invalid.

As for Bitcoin fate, let us just wait for your time frame. I do not have an idea on when will the fate of bitcoin unfold.

What current problem? The scaling problem? Because that will never be fully solved, just like the internet scaling problem is always a problem, so in itself is not a problem, its just a never ending process.

If by 2027 21 BTC holders aren't rich it will be a disappointment. At least 1 million USD per 21 BTC holder should be guaranteed.

Of course there are always going to be issues,  but if it can't get past the current one which is eminently solvable then it won't be able to manage anything else in the future. It's something of a canary in the coalmine type of scenario.

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