I think some common questions that profession crypotocurrency investors are alway facing by new investors are:
“What do you think of BTC?”
“What is a Masternode?”
“Is it too late to buy BTC?”
…….
There are many basic questions and you do not have to be shame about, and I am going to share my understandings to you. (I am a new investor for just one year, please be tolerant. >_<)
Question1: Who indeed make big money in the development of bitcoin?
Answer: Alright, simple! The initial users, the traders in SilkRoad, the genius, the gamblers. Some of them noticed bitcoin when it worthed 50Penny, some just predicted the bright future of cryptocurrency, they had balls, they are talented.
The answer is wrong.
And the right answer is : "The Noobs,”" The Geeks”, “The Nerds."
Let us clarify these three differenct devidends:
The Noobs are people who have forgotten they have some Bitcoin, further more, they lost the password either. (Rest life with regrets.) qutoed by some data, at least millons of bitcoins are lost. (I know it is not professional to not proovide accurate numbers. Sorry.)
The Geeks (Professional) are shocked by the code of bitcoin and its creator(or creators),S atoshi Nakamoto, the subtitles inside their mind is : “What the fack? Bitcoin is so beautiful! What the fack? Bitcoin is so cheap!”
The Nerds scorn the legal money, the followers of Austrian Schools. After reading the 《Denationalization of Money》: The Augument Refined (1974), they found it even is the only way to fight against the legal money. They held the concept perfect money all the way because they followed the book.
Only these guys kept holding and holding, and feel calm even if bitcoins worth a lot.
I wished I was one of them. >_<
So back to the title: What is the price of Bitcoin in ten years?
Because we are talking about a long period, I think there is no point to talk about technical and basic levels.
I am telling another concept: What is competitors of Bitcoin?
Answer: Litecoin, Ethereum, Dash, Ripple, Zcash, or the increasing more new altcoins like Cardano and DeepOnion.
The answer is wrong, again.
The right answer is: The legal currency (Like USD, EUR, Chinese Yuan)
Let me draw an inappropriate analogy: The competitors of a hooker are never her colleagues, the decent women are.
The contest between hookers and decent women actually is the contest of Valve and they take sides, the power and politial fight are behind them. In this case, hookers and decent women.
In a Patriarchal society we are in, the Totalitarian society hope there would be no hookers in the world, because the sex consumption is cheap, pay-per, but having a wife would be expensive, is 50-year-per. (No offense.) If the legal exsistence of hookers is allowed, the poor would have right of sex without a marrage, women can control sex whether they are hookers or decent women. And then the controlable sex resources by the Ruling Class are decreased (Women have more choices, they get more rights, and the cost of occupying a woman is increased), the cost of collective management gets higher. (Low family rate leads to high floating population cost.)
In a democratic society, sex would be more open, because sex is need and a good at the same time, a good have a price, prices generates market, a market absorb trades, trades are beneficial to desperion of wealth and power. As long as the power are seperated, the democracy would be stable and healthy.
As Friedrich August von Hayek wroted in the Road to Serfdom, “Economic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends”
In conclusion, the major enemy of bitcoin will never be altcoins, Quantum Computers or so-called Regulation. The only competior is the Right of Printing Money controled by the Big Brothers. There is too much to talk about printing money and I am gonna talk about it. All you need to know is this right controlled by the higher power all the time.
The conclusions are:
1.The more M2 every country is contributing, the higher the bitcoin price is.
2.Bitcoin can not be perished by Right of Printing Money
3.It is impossile to for Bitcoin to have a 100x
Back to the initial question, what is the price of bitcoin in 10 years?
My prediction: $50000-$80000
Yes, it is just a hint. Because I do not think we can use equation to estimate the price by mathmatics we have today. (If I have that ability I will caculate your private key. >)<)
The next boom of bitcoin needs an engine, called the Disenchantment of Right of Printing Money. And it will be only two paths prepared for this Disenchantment:
1.Go back to Gold
2.Embrace the Bitcoin
No third path! The end.
I hope you guys can be tolerent with my writing, it looks nonlogical and ridiculous, I tried my best. :-) I hope you be a millonnare and have a nice day everyday. (Congrats, you have ready been one.)
Thanks for your time! and I will end this post with Dicken’s quote:
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.
we all know the crisis bitcoin is passing through in the hands of government, but i strongly believe bitcoin will over all this shortly and once this happen in the next 10 year bitcoin will raised to $30k
