Check this out. There's a cool take on where bitcoin might go in the long run, especially from a business angle. The guy lines up bitcoin's growth with the trajectories of companies like Apple, Amazon, and Intel.
Bitcoin's $100K milestone: 300-Year Trend Shows What's Ahead
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pix3l_v4ultMember
Posts: 6 · Reputation: 80
#2Sep 21, 2019, 09:53 AM
you Mark Moss? I haven't watch the full video yet but judging on the comments and the number of subscribers Mark Moss has, I think I'm gonna be interested in watching this, but I will try to budget my time as I need to sit 23 minutes for this.
LuckyAlphaMember
Posts: 11 · Reputation: 191
#3Sep 23, 2019, 09:46 PM
300 year pattern ? Did bitcoin ever existed that time ? Bitcoin has always performed opposite to traditional behaviors so far.
To me whether the $100,000 of bitcoin breakout is what people have been waiting for or have been fearing about is just a draw of bitcoin enthusiasts who awaits for this great height of $100,000 while the anti bitcoiners are those who speculates threats to adoptors that bitcoin would never reach a $100,000. So to them who are the anti bitcoiners, they lather feared with shame that bitcoin finally broke the silence of $100,000.
It's as simple as that. And getting to let known, bitcoin surged the $100,000 isn't that on the ceiling but still on the floor because there're still many heights to hit in years ahead. So much, we anticipates bitcoin to $1,000,000 in jus matter of time so take it that the sky is just the beginning and not even the ceiling that's set a maximum height of it.
I cant imagine so much effort someone would put into speculating the price of Bitcoin just to threatening the price. Big companies have tried, private haters especially paid influencer have also tried and lastly those with political ambitions have done what they could but to no avail. The depth of Bitcoin authenticity is stronger than any forces combined. Which is the reason people starts think it is only investment that is certain to profit in time and that the risk is less compared to other investment. Well i cannot say there is no risk in investing in Bitcoin. There is risk in all investment. Only there is a way to reduce the risk when investing in Bitcoin.
Correct I see lot of pattern including stock gold oil and other commodity and bond or whatever instrument but Bitcoin is something different the price is super massive and always performs lot of traditional instruments.
I know when the bear market crypto is always losing the game but when it comes to bull it can give you 100% easily heck you can earn more than 1000% in altcoin which f crazy IMO
degen_blockMember
Posts: 1 · Reputation: 87
#7Sep 24, 2019, 12:14 PM
In the process of chasing 1000% in altcoins, you can lose everything, this is the danger with altcoins. If you want to chose altcoin to buy, the chances are high that you will go for low cap coins where there is no guarantee that they will not die before you see profits. The problem with altcoins are just too numerous and the reason it is dangerous to trust altcoins. This is the reason I trust only bitcoin even though the profit is not in huge multiples like the supposed low cap coins.
I watched the video. It is a very interesting video. But bitcoin would have grown to $21 trillion marketcap in 2030? He predicted from his explanation that gold will grow to $20 trillion at the time. He explained just two phases and it remains 2 more which I think would be in the next video. I am not sure if he is right but he is correct about one thing which is adoption and increasing in the price of bitcoin. That at every point, that people that did not buy will continue to think that they are late already, but that the price will continue to grow. Just as some people thought they were always late in buying bitcoin but the price of bitcoin has only continue to increase. Buying bitcoin now is never late.
$100k came and it gave everyone a smile especially the investors who have been waiting patiently for the moment they'll make that awaiting decision. Some have already sold their coins before Bitcoin price hit $100k and they have to regret why they didn't wait, patience is the number 1 key, this time around something bigger is coming and I feel is going to be bigger than $100k, before this year runs out let's expect $150k or something bigger, those who have been holding when is the right time to sell?
Or probably we can say that history repeating itself?
Thanks for the summary, but I'm thinking as well that Bitcoin could be in parity with Gold in the next couple of years or couple halvings. Gold hasn't had that parabolic growth that Bitcoin has in let's say 3 halvings. So if we continue to see that trend, Gold remaining steady in price, while Bitcoin going to another bull run this cycle and the next couple of cycle, we might see at some point in history that Bitcoin and Gold price will be at the same level. So I do agree that buying Bitcoin now is never too late because the price could really be in a massive growth overtime.