JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10220
Self-Custody is a right. Say no to"Non-custodial"
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October 01, 2015, 06:11:44 AM |
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Bitcoin has a market cap of 3-4 billion usd atm. When it's 300-400 billion usd everything is going to be controversial. Everything is going to be difficult.
It don't have a hope in hell of reaching that level unless the dead wood is cleared out and cast iron solutions are in place. Speculation can only take you so far. Beyond that you gotta prove you can deliver. Surely we saw that around $15 billion two years ago did NOT hold up for very long; however, it seems with all fo the building in the meantime (the past two years) that $30to$50 billion should be a fairly decent short term and realistic marker... thereafter $150 billion should be the next intermediary marker with $300 to $400 billion coming soon thereafter. Even though we could reach $300 Billion in some short term rush, it would likely NOT be very sustainable... within the next 5 years - however, beyond 5 years, that kind of $300 billion plus market cap should be fairly easily sustainable and beyond, no? Here would be something difficult to explain..... Let's say over the next 20 years Bitcoin never fluctuates more than 10% in a given year up or down but grows at a rate of 8% a year.... becoming the most predictable asset you can possibly buy. How would anyone ever explain it, maybe there is something inherently stable about Bitcoin and an asset like this that nobody has ever really contemplated before. Maybe it just took BTC stabilizing around 3 billion to discover this odd inexplicable stability.....  I am NOT sure if I am contradicting myself, but I really don't think so... surely anything is possible, but BTC would have to be quite a bit higher than $3 billion market cap in order to stabilize... I know that in my earlier post, I was kind of arguing against reaching a $300 to $400 billion market cap, but really that kind of market cap would be much more stable in terms of potentially finding some kind of steady growth in a kind of possible 8% territory that you suggest.... Really, your suggestion seems to be somewhat pie in the sky for such a new asset like bitcoin in which we have new adopters, awareness and speculation that cannot really be controlled and these kinds of matters become really difficult to control when the price starts going up, then it gets out of control because people begin to recognize at the same time that there is scarcity... In other words, it seems almost built into the design that it will remain very difficult to harness and contain growth spurts - unless there is going to evolve some kind of counterbalancing mechanism, such as various status quo institutions continuously attempting to manipulate BTC prices downward (and losing money), but causing BTC prices to be contained within some "acceptable" bounds - but even it seems that large institutions are going to likely have difficulties to contain when there remains a large amount of BTC dynamics that are decentralized and beyond individual players (and even governments) to keep under wraps, no? |
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dre1982
Sr. Member
 Offline
Activity: 770
Merit: 284
★Bitvest.io★ Play Plinko or Invest!
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October 01, 2015, 06:48:40 AM |
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400 by end of october  Lets hope so but I don't see that happen. Maybe a short rally to the 250-260. Just let it raise slow and steady. |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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October 01, 2015, 06:51:50 AM |
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400 by end of october Lets hope so but I don't see that happen. Maybe a short rally to the 250-260. Just let it raise slow and steady. If we break 260 it will go ballistic. Major resistance is basically where we're hovering right now. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 01, 2015, 07:02:38 AM |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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October 01, 2015, 07:28:15 AM |
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paul2000 has got some nice hopium for us: = moon in november ?! |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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October 01, 2015, 07:43:52 AM |
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paul2000 has got some nice hopium for us: = moon in november ?!  |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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October 01, 2015, 07:49:28 AM |
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400 by end of october Lets hope so but I don't see that happen. Maybe a short rally to the 250-260. Just let it raise slow and steady. If we break 260 it will go ballistic. Major resistance is basically where we're hovering right now.  |
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dre1982
Sr. Member
Offline
Activity: 770
Merit: 284
★Bitvest.io★ Play Plinko or Invest!
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October 01, 2015, 07:59:37 AM |
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400 by end of october Lets hope so but I don't see that happen. Maybe a short rally to the 250-260. Just let it raise slow and steady. If we break 260 it will go ballistic. Major resistance is basically where we're hovering right now.  |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 01, 2015, 08:02:29 AM |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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October 01, 2015, 08:15:10 AM |
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paul2000 has got some nice hopium for us: Imagine that coil winding up for several more months. Halving, ETF, OpenBazaar, no more auctions... plus my announcement
what a site to behold |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 01, 2015, 09:02:32 AM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 01, 2015, 10:02:40 AM |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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October 01, 2015, 10:48:36 AM |
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what rally?
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 01, 2015, 11:02:30 AM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 01, 2015, 12:02:32 PM |
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JorgeStolfi
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October 01, 2015, 12:56:35 PM |
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OKCoin's volume looks weirder and weirder: huge "wash trades" that don't move the price, and now zero volume for several minutes in a row. What is going on?
(Huobi's and BTCChina's, on the other hand, still look relatively "normal" to me.)
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 01, 2015, 01:02:33 PM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 01, 2015, 02:02:29 PM |
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Globb0
Legendary
Offline
Activity: 2674
Merit: 2053
Free spirit
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October 01, 2015, 02:22:46 PM |
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Welcome to the chart buddy observer thread
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Fiat_Hodler
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October 01, 2015, 02:30:42 PM |
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very obvious fake volume bots on bitstamp.
They are becoming dodgy like the Chinese exchanges. I wouldnt trust them at this point.
Get your funds out of there and move to some legit exchanges that dont need to resort to fraud in order to stay relevant.
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Poll
