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ISAWHIM
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February 15, 2014, 03:36:32 AM
Last edit: February 15, 2014, 04:18:39 AM by ISAWHIM |
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And then reality comes to light, as they realize they were not talking about something they actually have any real knowledge of.
You can't apply "stock knowledge", or "money knowledge", or "commodity knowledge", to something that is all three at once. BTC is more like art... Doesn't matter what the majority thinks, someone finds value in it, so it has value. If it has use, as it was intended, then it has a wider audience of those who make it valuable. If it is limited in supply, then demand will add additional value to all those who find a use for it.
This is a whole new breed of valued-exchange-representation, that only WE understand, because it is only US who make, use, and sustain value in it.
Perhaps he simply failed to look at historic value, of anything. Historic value (not historic patterns), plays a major part of value as these limited and decaying volumes pass through each pair of hands. Those losses, as they become greater, force value to be added, to regain losses so they become less of a loss. The illusion is that the value goes up, the reality is that we just can't offer as much, for the same value, after losses are added. The complete opposite of money, which you can not control your loss recovery for. We let governments set our losses, and they always set them in favor of governments and big-businesses and friends.
It is harder to get a millionaire to part with a million dollars, yet it is easy to convince a million men to part with a dollar. That is government.
It is easy to take a million gold bars from one million people. They just show you one gold bar, and say "this is yours", but I will hold it for you and give you these pieces of paper to represent that gold bar of yours... Then they show the next customer the same exact gold bar, and says "this is yours", but I will hold it for you and give you these pieces of paper to represent that gold bar of yours... Repeat one million times... Then spend all but one of those gold bars, so that each customer can come to check if their gold is still there, to ease their comfort. While those gold bars you just sold, now come back, and you give them more paper, and show them the same gold bar, over and over... That is a bank...
Stocks are just loans... bank/gov combined.
Predictions are never right, if only by luck, because speaking it, almost damns it to never happen, or forces it to happen. More often, than not, it never happens. If it did, it wouldn't matter, because BTC being traded at $10 would only be those coins with that value. That does not make all coins that value, just as $1200 was not the value of all coins... just those few.
Still... $6000 is just around the corner...
You have to ask yourself... did he say that to make it happen, or stop it from happening? Is he trying to get us to buy his coins at $6000, or is he trying to trick us into buying his coins at $3000, or is he trying to stall the market and force it lower, so he can get more coins for less at $300...
Stop thinking, and just buy a damn coin already. There are far less coins that will ever be in existence than there are people to use them. We will all be lucky if we can afford 0.00001 BTC in the future. The quantity is irrelevant to the ability to obtain a share of usable representation of any value.
Never settle for less than it is worth, and it will rise faster than anything.
Settle for less, and you assume the loss which impedes its ability to grow in value, but you do make it affordable and available to others of a larger audience.
You want it to grow, sacrifice some value, for the prosperity and expansion. Your future will reward you more, in the end. Otherwise you hit a cold dead wall, where no-one wants to spend a dime on a fraction of a priceless coin.
Remember $6000... Save and hold... Then give half away, cash-in half of what is left, and the remaining portion you continue to hold. Trust me, you won't lose if you don't "cash-out for good". Then it is just game-over... For you... The rest of the world will move right over you.
Oh, if anyone wants to sell me your Gox-BTC (for cash)... I will take it for $10/BTC... but if you want more, I will still take it for the price it is trading now (on Gox). However, you should think about giving me 50% off, for that nice confusing post above! 50% off, or twice as much... you pick... One must sound better than the other.
We have to stop looking at "how many dollars a BTC is", and look at "how much BTC can you get with a dollar".
$0.01/BTC = 100.00000000 BTC
$5/BTC = 0.20000000 BTC
$30/BTC = ~0.03333334 BTC
$250/BTC = 0.00400000 BTC
$1200/BTC = ~0.00083334 BTC
$6000/BTC = ~0.00001667 BTC
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$100000000/BTC = 0.00000001 BTC = $2,100,000,000,000,000 / world-pop (7,143,000,000) = $293,994.12 per person.
Even that last BTC-value sounds realistic... but by the time the coin ends creation, population will be larger, and there will be even fewer coins left. So it could go higher. That many "dollars" in the future, might only get you an apartment, for 3 months... or a cheap used car...
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