Unpopular opinion: Even if bitcoin reaches $1 million, most people buying today are only buying fractions, so it’s not going to turn into “fuck you” money unless you buy at least $100k worth. It’s basically a dead horse.
The best analogy I can think of for buying bitcoin now is like drinking a old flat soda that’s been sitting in your hot car for weeks, that’s to say it’s lost its “freshness”. I have no doubt that it will still 2x, 5x, probably even 10x eventually, but the keyword here is eventually i.e. will it happen on a timescale consistent with what happened throughout the 2010s? Seems unlikely. The general sentiment I’m starting to see more of nowadays is that it’s no longer about getting rich within half a decade, it’s about parking your money in something stable (I use that word lightly) compared to your local currency, basically as the new gold. Okay, I can see that. But I still also see plenty of moonbois convinced that their $5 will turn into $5,000,000 if they put it into bitcoin and bury it in their yard for 5 years. That exact scenario was possible in the 2010s, but I’d be surprised to see it again. TLDR; bitcoin is going to grow very slowly in the years to come, and it can’t turn your McDonald’s paycheck into “fuck you” money in under a decade anymore.
Central Banks have scammed working people out of TRILLIONS of dollars since 1913, but a hacker steals $100k worth of Bitcoin, and it’s immediate headline news, the media calls it a “Bitcoin Scam”, and the FBI launches an investigation?
Unpopular opinion: Even if bitcoin reaches $1 million, most people buying today are only buying fractions, so it’s not going to turn into “fuck you” money unless you buy at least $100k worth. It’s basically a dead horse. (x-post from /r/Bitcoin)
What does the world look like if/when 1 Bitcoin is worth $100K? $1Million?
I'm wondering what we expect the world to look like if/when 1 Bitcoin is worth $100K, and later $1Million. I understand there's no guarantee, but hypothetically: Will global financial markets have crumbled? Is the world some post-Apocalyptic wasteland? What will the value of the USD be if Bitcoin is worth that much? What's the driving force or condition that ultimately propels the value that high? I know - a lot of questions, but I'm curious what other people think. And just some disclaimers: I HODL, I believe in the tech, I believe in the philosophy of cryptocurrency, and I'm in the US.
If the Bitcoin price rises to over $1M, that would give ~100k bitcoiners "Ultra High Net Worth Individual" status (+$50M). With worldwide UHNWIs projected at only ~200k by 2022, this means the Bitcoin 1% could by then make up 30-50% of the world's financial elites.
Isn’t it about sending money more efficiently, faster and with no middle man and be our own bank? read the thread I don’t mean it has to be worth 1$ or 1000$ but it must be use for what it was created for, as digital money, not to hodl. What happened with the people who hodl fiat in the 50s without investing in assets with intrinsic value, like land and blocks?? Could they buy the same things they could have bought 80 years ago today in the 2019?
08-12 20:53 - 'Bought $100k+ worth bitcoin using stolen creditcards. Am i done?' (self.Bitcoin) by /u/Throwaway123zl removed from /r/Bitcoin within 21-31min
''' Using mcdonalds free wifi right now. I made over $100k in a week using stolen creditcards to buy bitcoins on binance. Found out that swiss creditcards are accepted on binance without further verification. Bought them for basically no money and made a little over $100k. Got so paranoid i stashed all the bitcoins on a ledger and hid it somewhere. Feeling very guilty and scared. It began when a friend showed me this website that sells these creditcards and i got interested. Told myself i'd try it once for "fun and curiosity". Instead I got addicted real quick and bought a shitload of bitcoins. I wish i didnt do it because i feel like shit. ''' Bought $100k+ worth bitcoin using stolen creditcards. Am i done? Go1dfish undelete link unreddit undelete link Author: Throwaway123zl
A bitcoin purchased at $1,000 would be worth about $6,400 Thursday, or over six times as much, and your total gain would be over $5,000. This estimate does not include any additional fees or ... Since the primary Bitcoin block was mined again in 2009, it has remained the preferred cryptocurrency. Investors have been supporting its growth for years, and major corporations such as Microsoft are even starting investing to settle for Bitcoin. Its standing as a excessive-worth , high-development, and relatively low-threat cryptocurrency retains it high on our list. Economists Weigh In on Bitcoin Reaching $100K. When asked whether he expects to see bitcoin reach $100K, Kenneth Rogoff, an economist and Harvard University professor, said: “I think bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now … I would see $100 as being a lot more likely than $100,000 ten ... Earlier today, Charles Edwards, Co-Founder of digital asset management firm Capriole Investments, tweeted that the 310% increase in open interest in CME Group’s Bitcoin Futures, which has helped it get much closer to the open interest on BitMEX’s XBTUSD, is further evidence for the “institutionalization” of Bitcoin. It is worth pointing ... Bitcoin Trading [ October 2, 2020 ] How ARK Invest Gets Exposure to Bitcoin Through Public Companies Investing In Bitcoin [ October 2, 2020 ] Bitcoin to $100K Outlook Within 5 Years Strategy For Bitcoin [ October 2, 2020 ] ARE THE MECHANICS BITCOIN TRADES WORTH IT? – Escape From Tarkov Basics Of Bitcoin
$100,000 Bitcoin in next bull run (2019/2020). Market Analysis, Historical Bitcoin Cycles, (Part 2)
Made 4 TV Gecko tell you how a BITCOIN can be worth 100K! Short and sweet! $100,000 Bitcoin (BTC) in the next bull run (2019 or 2020). Other successful cryptos will rise in greater percentages than this. (ETH & EOS for two examples)---- Is Bitcoin $100,000 or even $1,000,000 a real possibility? In this video I discuss why it's not a fairy tale to think Bitcoin can reach these prices, especially the $100,000. Based on an ... Bitcoin Price and Value predictions for 2017 and into the future Anything from $3000 to millions of US Dollars. There is a global war on cash - demonetization and hyperinflation. Bitcoin Price on track for $100,000 in 2021... Stock-to-Flow measures the BTC price using two factors: the stock - the number of Bitcoins in circulation - and the flow, which is the number of new ...