Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fakhoury
on 09/05/2016, 00:11:47 UTC
I read someone claim the last controversial ETF took seven years.  It might be a couple years from now, or it could even occur in 2017.  I could see them fast tracking it if the post-halving charts don't look like a completely ridiculous pump and dump going from like $500 to $10,000 and back to $1000 again.  People would think that's kind of suspicious.  If it went from $500 to $3200 then back to $1600, they would consider that OK and just price discovery/growing market.


That reminds me, i got a bit frustrated in another post about the ignorance how many can not fathom something like even 10k$/btc, like EVER (lol) -i wonder what they are doing here than - and replied this:



We will never hit 10k.
Bitcoin is not made to hit 10k or even 100k.

It's made for transactions and yes having a rise in the value is good, but not mandatory for bitcoin to succeed.

In coming few years I don't think that we'll reach 1000$, which means to reach 1000$ itself it may take some more years. So counting in such manner it may take some 30-40years to reach 10000$.....

Are both of you having a party? How many bottles of rum did you guy's consumed?

Yeah, that must be dirty rum. I am amazed as well about how they do not understand anything about the possibilities of Bitcoin and bitcoin at all.
This is a great post OP btw! I can finally ignore all noise accounts with ease! I just need to check for 2 keywords together in a reply: '10.000' +'never' =auto ignore :-D

Anyone who thinks 10.000$/BTC is unattainable, or it needs decades - hello, ever heard of exponentially growing network effect?? -, just have no clue about the economics of the world or suck at mathematics (real bad!!), or both. 10.000$/BTC equals at the max. of 21 million coins as ~210 billion dollars of market capitalization. Gold is a 7,5+ trillion dollar market today and it is basically useless in everyday economic activity, unlike bitcoin. Heck, a middle sized trust fund is bigger than 210 billion $.

All "skeptics" should check this out: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
It is an awesome and shocking graph about how small bitcoin is (like a small town's yearly budget).

Also:


Now tell us how bitcoin can't get above 1000$.

Thanks for sharing this post with us, AZwarel. Appreciated Smiley

Would you please tell us where you see Bitcoin in terms of price in the coming 10 - 15 years ?

Thanks again Smiley