Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[criptix]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

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[Ibian]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

It's maff. And yes it sounds ludicrous. But if bitcoin becomes widespread enough, which it will if the global fiat economy collapses, which it will, then it really could happen.

Let's just not forget our principles if we end up as billionaires one day.

[Arriemoller]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

[rolling]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

Yeah, the human brain is not very good at understanding big numbers. $100-$10,000 seems doable but $10,000 to $1,000,000 seems impossible. That's why they created the stock split to keep people buying with astronomical stock prices.

[criptix]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

It's maff. And yes it sounds ludicrous. But if bitcoin becomes widespread enough, which it will if the global fiat economy collapses, which it will, then it really could happen.

Let's just not forget our principles if we end up as billionaires one day.

Yes one day we will be there for sure - but i really doubt that day is in 2 years.
We have to fix a lot of problems before that especially regarding scaling and mining centralisation.
I dont want to wake up one day seeing communist china nationalizing all mining farms.

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

Mate, 1000 to 18.000 is a bit much different then 18.000 to 1 million

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

Yeah, the human brain is not very good at understanding big numbers. $100-$10,000 seems doable but $10,000 to $1,000,000 seems impossible. That's why they created the stock split to keep people buying with astronomical stock prices.

I dont think you understand how much fiat money has to be put into btc for a 1 million valuation.

[Ludwig Von]

Raoul posted the full story today, an absolutely must read for all... .

https://www.theautomaticearth.com/2017/12/bitcoin-doesnt-exist-the-full-story/

This is truly awesome. Very well written!

Didn't read it all yet, but the quote and it's conclusions "So money at its most austere is simply a promise" was kind of bullshit.  The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created.  THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you.  Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.

Wether I borrow your fishing net with the promise to give you a fish, or a gram of gold or a satoshi, or a cent, it all remains the same : a promise that I will reward you for doing something for me. Money is  a means to facilitate barter. It only goes wrong when the facilitator is manipulated. And that is equally true for fiat or gold(look at the gold markets, it is laughable). So maybe you make the right point but are as misguided by the fiat scam as so many are. (we all are to some extend).

[milkshock100]

Eth the pumpers choice tonight ...

[criptix]

Eth the pumpers choice tonight ...

yeah this is the reason for the pump:

ethereum's newest and biggest ICO:

https://fitvitalik.io/



 

[Arriemoller]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

It's maff. And yes it sounds ludicrous. But if bitcoin becomes widespread enough, which it will if the global fiat economy collapses, which it will, then it really could happen.

Let's just not forget our principles if we end up as billionaires one day.

Yes one day we will be there for sure - but i really doubt that day is in 2 years.
We have to fix a lot of problems before that especially regarding scaling and mining centralisation.
I dont want to wake up one day seeing communist china nationalizing all mining farms.

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

Mate, 1000 to 18.000 is a bit much different then 18.000 to 1 million

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

Yeah, the human brain is not very good at understanding big numbers. $100-$10,000 seems doable but $10,000 to $1,000,000 seems impossible. That's why they created the stock split to keep people buying with astronomical stock prices.

I dont think you understand how much fiat money has to be put into btc for a 1 million valuation.

I said "One million will be reached within two years at this rate."
So two years and no slowing down. If there isn't enough money for that then it won't be at "this rate".

[gentlemand]

Eth the pumpers choice tonight ...

yeah this is the reason for the pump:

ethereum's newest and biggest ICO:

Give it a couple more years and he'll be able to place his brain in a jar and hand his body over to a Nike fitness brain who'll return it in peak condition a couple of months later.

He can still do conferences from his jar like Charlie Shrem already has.

[Torque]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

If Bitcoin ETFs get approved next year, $80k could be achieved in a week or two. Seriously.

[criptix]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

I said "One million will be reached within two years at this rate."
So two years and no slowing down. If there isn't enough money for that then it won't be at "this rate".

Ok, i understand - but just to bring it into perspective i do not believe that 50% of the worlds population will use BTC in 2 years either.

And imho BTC would not need it per se to have a valuation of 1 million per coin.
It could be used as a store of wealth or as a settlement layer of the super rich, multinational companies and nation states.

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

If Bitcoin ETFs get approved next year, $80k could be achieved in a week or two. Seriously.

Following BETI it should be 30-40 k next year (this is what believe too btw)

[rolling]

I dont think you understand how much fiat money has to be put into btc for a 1 million valuation.

I think people overestimate how much fiat it will take to go up another 60x. Here is a thought experiment:

What if the decimal place was moved in bitcoin to give a 1:1000 split? If collectively everyone used the term bitcoin for the unit of value we currently call a millibit or mBTC making the total eventual supply 21 billion instead of 21 million, the price currently would be ~$16.70.

How hard would it be to pump it over $20? Would it be that hard to get to $100 again for an equivalent $100,000 value or $1000 for an equivalent $1,000,000 value?

2 years might be a little soon but who knows?

[OWZ1337]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

If Bitcoin ETFs get approved next year, $80k could be achieved in a week or two. Seriously.

Dennis Rodman want's a potcoin ETF in korea >_> wow this would be crazy cannabis meets crypto meets wall street :-D weeee

[Arriemoller]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

I said "One million will be reached within two years at this rate."
So two years and no slowing down. If there isn't enough money for that then it won't be at "this rate".

Ok, i understand - but just to bring it into perspective i do not believe that 50% of the worlds population will use BTC in 2 years either.

And imho BTC would not need it per se to have a valuation of 1 million per coin.
It could be used as a store of wealth or as a settlement layer of the super rich, multinational companies and nation states.

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

If Bitcoin ETFs get approved next year, $80k could be achieved in a week or two. Seriously.

Following BETI it should be 30-40 k next year (this is what believe too btw)

I never said that 50% of the population would use bitcoin in two years. Go back and read what I wrote, you obviously have misunderstood.

[criptix]

Eth the pumpers choice tonight ...

yeah this is the reason for the pump:

ethereum's newest and biggest ICO:

Give it a couple more years and he'll be able to place his brain in a jar and hand his body over to a Nike fitness brain who'll return it in peak condition a couple of months later.

He can still do conferences from his jar like Charlie Shrem already has.

-charlie's cookie jar-

i love futurama too

I dont think you understand how much fiat money has to be put into btc for a 1 million valuation.

I think people overestimate how much fiat it will take to go up another 60x. Here is a thought experiment:

What if the decimal place was moved in bitcoin to give a 1:1000 split? If collectively everyone used the term bitcoin for the unit of value we currently call a millibit or mBTC making the total eventual supply 21 billion instead of 21 million, the price currently would be ~$16.70.

How hard would it be to pump it over $20? Would it be that hard to get to $100 again for an equivalent $100,000 value or $1000 for an equivalent $1,000,000 value?

2 years might be a little soon but who knows?

I somehwhat agree but only from the psychological perspective.

From the economic angle we have mainly two things:

1. Technological and political fundamentals
2. Supply and Demand

and these things have no connection to the number of decimals.

[Arriemoller]

I dont think you understand how much fiat money has to be put into btc for a 1 million valuation.

I think people overestimate how much fiat it will take to go up another 60x. Here is a thought experiment:

What if the decimal place was moved in bitcoin to give a 1:1000 split? If collectively everyone used the term bitcoin for the unit of value we currently call a millibit or mBTC making the total eventual supply 21 billion instead of 21 million, the price currently would be ~$16.70.

How hard would it be to pump it over $20? Would it be that hard to get to $100 again for an equivalent $100,000 value or $1000 for an equivalent $1,000,000 value?

2 years might be a little soon but who knows?

Nice way of making it understandable, great.

[Vin]

Eth the pumpers choice tonight ...

yeah this is the reason for the pump:

ethereum's newest and biggest ICO:

https://fitvitalik.io/



 

Best one for today 

[Arriemoller]

Well, I may be wrong, I'm not an oracle. But I do believe in my predictions. But eventually, time will tell. Let's have another pow wow this time next year and see if we are still on track.

[criptix]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

I said "One million will be reached within two years at this rate."
So two years and no slowing down. If there isn't enough money for that then it won't be at "this rate".

Ok, i understand - but just to bring it into perspective i do not believe that 50% of the worlds population will use BTC in 2 years either.

And imho BTC would not need it per se to have a valuation of 1 million per coin.
It could be used as a store of wealth or as a settlement layer of the super rich, multinational companies and nation states.

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

I never said that 50% of the population would use bitcoin in two years. Go back and read what I wrote, you obviously have misunderstood.

Ok, now i actually understand what you mean. You compared the adoptionrate with price and extrapolated.
My bad - i will just excuse myself with the time being late and that im tired.  

Well, I may be wrong, I'm not an oracle. But I do believe in my predictions. But eventually, time will tell. Let's have another pow wow this time next year and see if we are still on track.

I think your outlook is a bit too positive, but well who can know the future - and if it really happens i would be more then happy  

probaly gifting some lambos on the forum if when that time comes lol