correct. Only the actual real usecases can make real demand. And they are few... or not strong enough to draw people in who aren't technically interested already. I think peoples expectations of another meteoric rise of 10x or more are too high.
If we had 600 million users, a 10x rise would be too much to expect. But if we've got under 6 million, then 100x is easily possible.
Maximum potential is 1.23 Billion users if we say that everyone capable of using facebook can use bitcoin. And where is the starting point? Well those snippy snappy critics tell us we might only have 200,000 users right now, and we can hit $1000 with that many? Hokay, so that's only six hundred and fifteen thousand percent upside potential. 615,000%... or if you believe community estimates of around 2 million, a paltry 61 thousand percent instead.
i think we are digging up an important point here: it's not so much about usecases as it is about users.
remark: will turn cult-like easily the more this is understood.
But then again: when it is about users and not even about application so much then i see an even brighter future for altcoins. It remains to be seen who will be the people to buy bitcoin for 2000$ or 5000$ other than the speculators.
We will certainly deal with a bubble within a bubble. This shit will pop later if it doesn't do it already.
The only thing that upholds the price are the believers and hoarders from my perspective. But most of them have no idea who they want to sell to later.
I see a problem with bitcoin not being able to be a good store of value (too high inflation). This
could does cause communities of coins with similar emissionrate (and the original btc of course) to slow in growth because people can't hold the coin longterm (they can but it's not wise ... i know, i know everything will be good LATER because everyone believes very hard in it now).
If people can actually not use it to store wealth it'll be just a fad and makes essetially in its current form only little sense.
Summary:
-bitcoin can't hold value right now, is not suitable for saving money into it and hinders with it its own adoption
-what bitcoin needs most is users
-users need to be loyal and believe in it
-> one should take care to not let this become very fast a brainwashing cult if it isn't one already.
-a bubble within a bubble is a possibility and likely reality - once the loyal believers start to unbelieve it pops.
so much for location determination. I just hope it pumps to 1000$+ so i can sell ... get some sheep in here, quick! The last round is bled dry from altcoinscams and bounties to miners already. Need fresh meat.
So, in summary:
Bitcoin is going to $1000!!!
^
lol. Classical example of permabulltard.
Thanks for holding the bag. We need people like you.
Never sell. Always buy more.
