roosbit
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Random coins :)
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August 05, 2021, 12:08:39 PM |
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Here I was thinking money doesn't grow on tree's ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) but seeing those numbers by the Op, we all need to spare some cypto for this purpose specifically. With a little patience I don't think we could go wrong, numbers have been run for past performance and furure forecast of what's likely to happen, numbers don't lie lie . I just hope it was accurate. I believe we are in almost a heights of what BTC should be. 100K for me is the highest price that BTC could reach. I don't think it could hit a million within 10 years. It's just me considering the Market cap.
Why limiting the price of Bitcoin to $100k when there is so much potential at which bitcoin could reach, let's reach for the stars say $500k or $1million in the next 10-20 years.
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BlackHatCoiner (OP)
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Bitcoin is a royal fork
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August 05, 2021, 12:16:52 PM |
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I just hope it was accurate. I believe we are in almost a heights of what BTC should be. 100K for me is the highest price that BTC could reach. I don't think it could hit a million within 10 years. It's just me considering the Market cap. Sorry, but why 100k exactly? Why shouldn't it reach gold's market cap for example, where each coin would cost ~$400k? Why would you consider that impossible? Let's assume that it reaches 100k. Doesn't this 180% annual yield make you wonder if it'll go beyond that by far overtime? Why limiting the price of Bitcoin to $100k when there is so much potential at which bitcoin could reach, let's reach for the stars say $500k or $1million in the next 10-20 years. Even if it isn't 180% every year on average and it's something like 90%, it'll still reach $1M pretty sooner than in two decades.
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Fundamentals Of
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August 06, 2021, 02:21:02 AM |
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When Ethereum was launched in 2014, there was an ICO for the development funding and each ETH was assigned a value and sold at 0.3 dollars each. Didn't know it, thanks. Well, I'm not in favor of any other cryptocurrencies besides Bitcoin & Monero, which made me really curious which ones were funded in the beginning. Obviously, huh, Ethereum... I knew they premined around the 70% of the total coins, but I didn't know that it was ICO-ed too. This cryptocurrency is being seen worse from me as time goes on. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) No problem. Anyway, I think you are not the only person I've encountered who's only choice outside Bitcoin is Monero. But for me, I have nothing against Ethereum. They've done quite a good job, although I am aware that many will not agree with me. And it certainly wasn't a bad choice for early buyers of ETH either. They've made profit out of it and they've seen significant development and product releases. Unlike many of the proceeding crypto projects that raised funds through an ICO, especially in 2017 and 2018, Ethereum did show something.
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wxa7115
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August 10, 2021, 09:54:01 PM |
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And yet people want to buy into the idea of bitcoin trading. For what?
Just buy and hold, people. That mantra is true not just for bitcoin but across a range of asset classes.
Short term gains may be tempting, but it forces you into a narrow lens that is very hard to get out of. Truly believing in bitcoin as a long term store of value and asset class will allow you to get that time in the market that is much more important than timing the market.
It's really simple, the people that want to trade fall into several narrow categories, there are some that are simply too greedy for their own good, they want money and they understand that bitcoin is not going to be able to give the huge profits that it gave in the past so they are trying to compensate by becoming traders. There are others that are just gamblers, they like to think of themselves as traders but they do not really have an idea what they're doing and as such they are chasing excitement more than anything, and there are others that cannot simply deal with the idea of earning money while doing nothing and they choose to actively trade the markets instead of just holding their coins.
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Obito
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August 11, 2021, 07:05:53 AM |
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I just hope it was accurate. I believe we are in almost a heights of what BTC should be. 100K for me is the highest price that BTC could reach. I don't think it could hit a million within 10 years. It's just me considering the Market cap.
Just have faith that it will go up in that point, I think that bitcoin is an appreciating market so we don't have to worry too much that it wouldn't grow 180% annually because it will do and the decade that it did is enough proof in my opinion.
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asrinur
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PredX - AI-Powered Prediction Market
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August 13, 2021, 02:13:43 PM |
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We dare not make realistic predictions about the price of Bitcoin in the next 20 years. The price of Bitcoin depends on too many factors. Bitcoin recently hit an all-time high, and the Bitcoin price is currently at $41k. Usually, it is a better idea to buy cryptocurrencies when they are in a downturn. However, we all remember how it was too late to buy BTC when it was $20, $100, $1000, $20,000, etc. If the estimates come true, the price may run into millions of dollars. Bitcoin's potential is definitely strong.
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Kittygalore
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August 13, 2021, 03:43:03 PM |
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We dare not make realistic predictions about the price of Bitcoin in the next 20 years. The price of Bitcoin depends on too many factors. Bitcoin recently hit an all-time high, and the Bitcoin price is currently at $41k. Usually, it is a better idea to buy cryptocurrencies when they are in a downturn. However, we all remember how it was too late to buy BTC when it was $20, $100, $1000, $20,000, etc. If the estimates come true, the price may run into millions of dollars. Bitcoin's potential is definitely strong.
What OP did isn't wrong, it's an estimate plus it's just a prediction and it's alright for a prediction to go wrong. Of course, it's good buy crypto when it's on a downturn but if you think about it, any time can be the right time especially if you're aiming for the long-term.
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Review Master
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August 13, 2021, 06:23:08 PM |
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<-- snip -->
Good analysis brother, the problem is that many people will not want to for a long period of time to make it big. People mostly believe that the same way it happened to Bitcoin from $1>$44,000 as at the time of this post it can happen to other Altcoins which is not likely. Indeed, most of the users will buy it and leave this industry when they'll be on profits. But only those will keep hodling bitcoin even if bitcoin hits $1 million or more who knows the potential of bitcoin. So it's just a matter of time as more users will be filtered through the cycle. But adoption won't stop in the upcoming days which is the best thing for bitcoin to hit those milestone, IMHO. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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sana54210
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August 14, 2021, 07:08:54 PM |
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most of the users will buy it and leave this industry when they'll be on profits. But only those will keep hodling bitcoin even if bitcoin hits $1 million or more who knows the potential of bitcoin. So it's just a matter of time as more users will be filtered through the cycle. But adoption won't stop in the upcoming days which is the best thing for bitcoin to hit those milestone, IMHO. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I am sure there will be people who are holding when bitcoin hits a million dollars. The question is not if there will be one, the question is how long will they be holding when that happens? There are people who are holding now, but it could be a person who bought at 40k, or it could be someone who bought at $40 as well, anyone who holds it since it was $40 made enough money to retire, even if they bought just few of them, you may end up retiring on few hundred thousand dollars if you want to live a small life and can use that smartly, after all in most nations 10-15k is yearly salary for billions around the world, that means with 100k you have 10 years, with 400k you have 40 years, that is retirement money easily. Same here, if you can buy now, and hold until 1 million dollars then you can definitely be called a good holder, if you buy at 950k and hold when it is 1 million, that is not a big deal.
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wxa7115
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August 23, 2021, 06:19:49 PM |
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We dare not make realistic predictions about the price of Bitcoin in the next 20 years. The price of Bitcoin depends on too many factors. Bitcoin recently hit an all-time high, and the Bitcoin price is currently at $41k. Usually, it is a better idea to buy cryptocurrencies when they are in a downturn. However, we all remember how it was too late to buy BTC when it was $20, $100, $1000, $20,000, etc. If the estimates come true, the price may run into millions of dollars. Bitcoin's potential is definitely strong.
What OP did isn't wrong, it's an estimate plus it's just a prediction and it's alright for a prediction to go wrong. Of course, it's good buy crypto when it's on a downturn but if you think about it, any time can be the right time especially if you're aiming for the long-term. While what the OP did is interesting this is something that cannot be maintained, so some sort of adjustment is needed to give a more realistic projection. However at the end of the day it does not matter, what matters is that on average the price of bitcoin is going up each year and as such the best moment to enter the market was yesterday, but since that is not possible then the best next moment is to enter the market now, after all as things are going you will still need to buy bitcoin in the future anyway so why not do it now when the price is cheap?
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