Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitebits
on 09/05/2016, 18:07:12 UTC

We are talking about $25K - $250K in the coming decade or so without taking into considerations non mathematical elements, am I right ?


This is theory and throwing figures around. What it truly requires is people. Alot of real people. Real people take alot of convincing and they usually don't do what you want them to.


I think that these kinds of discussions of market cap and which assets are comparable in terms of utility are good, whether we be talking about theory or throwing numbers around - because in the end, we cannot know for sure how it is going to play out, but throwing out the theories and numbers can help us to view possible areas and to conceptualize what is more possible or not... and as we go along, we will continue to have to tweak our view of bitcoin and it's future based on developments in the space, whether those developments expand or contract bitcoin's actual market share, usage and utility.    $25k to $250k seems like reasonable possibilities in the coming 5-10 years - even if there may be some forces that continue to attempt to manipulate bitcoin down and to break it, possibilities of $25k to $250k seem reasonable(though certainly not inevitable - and that is where we have to account for the various forces that fight bitcoin in various ways that continue to make efforts to keep bitcoin down, and the downward force could also be explained by some attempts at downward speculation, even though downward speculation is not a complete explanation of downward price pressures, either).

If you truly believe that, and I believe you do + I am not saying you are wrong, why are you then still publicly trading for a few bucks profit per bitcoin? Is it the rush you are getting when the price runs away from you in either direction? Are you hedging against your own bullish judgement? This seems like a dangerous strategy believing what you are saying is sincere.