0.05 USD (2010), 5 USD (2012), 500 USD (2014)

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lonewhaleSenior Member
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#1Oct 2, 2023, 05:06 AM
There's an intriguing pattern in Bitcoin's price history. A significant chunk of BTC from 2010 was bought for around 0.05 USD, while in 2012 it jumped to 5 USD, and then in 2014, it skyrocketed to 500 USD. That's a 100 times increase between 2010 and 2012, and again between 2012 and 2014. If this trend had kept going, we'd be looking at BTC hitting a mind-blowing 5 trillion USD by 2024.
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1t5_omegaHero Member
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#2Oct 2, 2023, 06:35 AM
As I often say on these matters, patterns are not objective facts but rather mental reconstructions that we make, sometimes unconsciously, to understand reality. Now you have seen a supposed pattern that obviously did not continue because there is not enough money in the world to follow that progression. Curious, yes, but it tells us nothing about price behavior over more than a decade.
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chad2014Full Member
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#3Oct 2, 2023, 07:23 AM
You are forgetting about market cap. What was the market cap of bitcoin when it was 5 cents? What was it at $5 or $50 or $500. The limit is 21 million and earlier on there were less coins. So the market cap was extremely small. How we are at $100,000 and we got almost 20 million, that is a market cap of $2T. So to go from $2T to $20T is not possible. At 5 cents market cap it was miniscule. The cycles are becoming smaller and smaller in terms of price. This is why I keep telling people that its too late to get rich off Bitcoin.
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darkviperFull Member
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#4Oct 2, 2023, 08:09 AM
This can't be possible because we can't think such and it comes to implementation, we could have some desires and thoughts towards how we see things without considering the market structure across the globe. Again, what is the amount of money in the world and Bitcoin has gained much popularity to have gotten such attention on price increments, even though we think that anything is possible but it would be better for the price to gradually increase and thus, can not dispute the power and principles of trading. What, the price aren't subjected, subjective to how we feels, is as a result of its principles cannot be changed and  it's coined, tied to up/down movement which each laws can not be broken. So do not have a dream that can never come into reality.
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oracle_satoshiFull Member
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#5Oct 2, 2023, 02:00 PM
One mistake that not only newbies but also many long-time investors make when predicting the price of bitcoin is that they only look at its price. They think that bitcoin will be able to maintain its exponential growth formula over time and will give them huge profits even if they buy it for over $100k. They have overlooked one important factor, which is market capitalization, and that is why there are some overly optimistic predictions that bitcoin will hit $1 million before the end of this decade (2030). How to reach 20 trillion market capitalization in the next five years? Where will we get that much money?
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p1x3l365Senior Member
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#6Oct 4, 2023, 08:09 PM
Nothing has changed in the volatility of bitcoin market and so based on coin market cap and price histories, the value of bitcoin has increased rapidly in matter of time. Investors who bought bitcoin from that earlier times of 2010 to 2014 can't categorically state it that bitcoin market showed more bullish momentum then than now. In the interval of 4 years (2010-2014), the market has acquired Ath of $1,163 which occured in 2013 and the next 4 years, the price acquired an approximate $20,000 in 2017. So on and so forth, as the year goes by, the price fluctuates within it up and down trends but certainly, there're accountability with certainty that the price will always increase in the long time as long there're demands and buyers. Now that institution and governments are becoming interesting to invest and also hold bitcoin for reserve, it has given the market more potential influence to encouraging more bullishness and consolidates volatility which has boiled to the $124,000 Ath we've achieved so far in the just third quarter of 2025 and we're still anticipating for more Ath before the year elapse. So you need to understand that the bitcoin price determinant to profer price increase is based on long time and that's why investors who want to make good profits have to hold patiently for a long time.
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matrix2014Senior Member
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#7Oct 4, 2023, 09:18 PM
Wealth is limited, that's the most important thing you should know. But it doesn't mean if wealth is unlimited Bitcoin price will be so high, well it would make money become useless and not valuable anymore. Bitcoin is getting closer to be the top assets with highest marketcap, now Bitcoin on top 10, which mean you can't expect a huge multipliers anymore because most people already invest in Bitcoin.
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lonewhaleSenior Member
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#8Oct 5, 2023, 02:43 AM
from 500 to 50 000 took 10 years from 50 000 to 5 000 000 will take 200 years
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block_2021Full Member
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#9Oct 5, 2023, 07:18 AM
The profit curve for a newly emerging and unproven product would look exactly like this. First, a rising momentum, then a settled price. It's no different with Bitcoin. Yes, you may have missed the initial crazy rises, but Bitcoin has now proven itself and is becoming a safer investment vehicle. Those who took risks in the early days had to consider the risk of losing their entire investment. There is no such situation at the moment. Bitcoin will not suddenly drop to zero tomorrow.
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maxbridgeFull Member
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#10Oct 5, 2023, 11:33 AM
Yeah the volume of the market volatilities is becoming too congested on every cycle and as a result of the now market cap being diluted for liquidity, market now battles support for resistance of price levels. In that case, later investors will be challenged to explore richly quicker than before. So they have to hold for a longer time and well encourage their holdings to yield fortunate incomes for them by investing hugely. So probability of realizing ROI in Bitcoin market has loosen it bullish momentums unlike the earlier time
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degen_nonceFull Member
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#11Oct 5, 2023, 02:25 PM
There is no enough money to move Bitcoin price to that which you just imputed, though this could likely be achievable but may not be as quickly as you may think. Maybe in the next 50 years time or more because there is no enough money printed, or who knows if that can be likely achievable. But however, Bitcoin may not follow the multiplication process you explain above because the price aren't designed to be multiplying in that manner.
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calmfalconSenior Member
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#12Oct 5, 2023, 07:15 PM
The increase is definitely great, next step is 500k wonder when that will happen. I am sure that it's going to happen sometime soon. I know that we are not going to see it this run because we are too far away, but in 2028 halving we could start to go up that much and we can see that. It is not really that easy to handle this but it is doing alright and we are going to see it happen again. Of course this is something that will take a while for us to understand because it is not that easy to predict. But looking at what we are dealing with, it's not really that hard and could happen very easily. So by 2029 bull run, we could see 500k and that would be a very fun thing to achieve because it's a huge milestone and I can't wait for it.
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#13Oct 6, 2023, 01:19 AM
In a certain way, I think I totally agree with you on the very statement you gave above regarding people been late to getting rich with Bitcoin investment ever again . Because to be frankly speaking, judging by how early investors who were able to invest and held on to it till date has made over 100,000x of their initial investment in just mere 12years, I'm pretty sure even if Bitcoin stays another 25years, it can't go another 100x of it's current price (i.e $110,000 x 100 = $1,100,000 per BTC). Hence, Bitcoin still remains the best alternative and asset worthy of investing for long term, since it offers a greater profit maximization.
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im_apeHero Member
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#14Oct 6, 2023, 07:15 AM
Price rise should have technically slowed down the more adoption grew, so you can't really extrapolate the price data like this. It is like an S curve. On top of that, the market is being affected by a lot of other factors such as the global recession we all went through due to the COVID19 pandemic. That recession slew down the rise significantly, meaning it breaks the pattern making such extrapolation deviate.
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lonewhaleSenior Member
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#15Oct 8, 2023, 05:16 AM
There were specific periods for some price levels: the level 0.05 usd/BTC existed only in the 3th quarter of 2010, the level 1 usd existed only in the first part of 2011, the level 100 usd existed only in 2013, the level 2000 usd existed only in the middle of 2017... but since the 3th quarter of 2017 every price level has emerged repeatedly (more than just once).
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0xAtlasFull Member
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#16Oct 8, 2023, 09:56 AM
If bitcoin increases x100 from now, its price will be $11,000,000, not $1,100,000 as your calculations. Even if it takes another 100 years, this cannot happen, let alone in just 25 or 50 years, that is an unimaginable number. Indeed, the days of getting rich with bitcoin are over, we will not be able to earn 10, 100 times profits easily and quickly anymore. But it seems that many people still don't understand that, and they still expect the price of bitcoin to increase 100 times and make them rich like the early investors. Currently, investing in bitcoin only helps increase the value of assets to a certain extent to avoid inflation and currency devaluation. It no longer makes us rich.
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lonewhaleSenior Member
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#17Oct 8, 2023, 01:54 PM
But the most wonderful price is 17 000 usd: this is the only price level that BTC has achieved in three different eras: first at the end of 2017 when it was the upper resistance price, second at the end of 2020 and third at the end of 2022 when it was the lower resistance price.
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#18Oct 8, 2023, 04:59 PM
Bitcoin should not grow according to your calculations, but rather you should realize the way Bitcoin has grown from 2010 to 2025. There was a time when people were not so attracted to Bitcoin, people did not know much about Bitcoin, at that time Bitcoin had a very low price but now people have started knowing about Bitcoin and Bitcoin has become very attractive to people, due to which there is a lot of demand from people and the price has increased. So wait, maybe soon you will see Bitcoin grow further.
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