Re: The Bullish Media Center (The 1 stop Bullish BTC news source)
Actually, I was kind of with your hypothesizing, until you got to this $2k daily swings.. and I am thinking that we are seeing the situation a bit differently here.
Let's just say hypothetically that bitcoin is worth about $7trillion market cap in today's dollars (sure there are going to be some other issues with the dollar's valuation.. but anyhow, some of those kinds of dynamics are difficult to know today).. but anyhow, I think that you are getting something wrong in a kind of suggestion about $2k daily price swings.... ... Anyhow, I am kind of typing as I think, here, if each bitcoin is approximately $400k, then yeah, that bitcoin's price could easily fluctuate by $2k or $3k in a day, but we would be dealing in thousandths of a bitcoin, and that value may only change by $2, in a day... so in the end, it seems that we agree that the overall currency is much less volatile and more difficult to manipulate, and yeah if the price goes up 1,000x from today's price, we may have only half or less than half of our current BTC holdings... but that does not mean that we are poor, it just means that we may have chosen to diversify somewhat and for whatever personal reasons.
Let's just say hypothetically that bitcoin is worth about $7trillion market cap in today's dollars (sure there are going to be some other issues with the dollar's valuation.. but anyhow, some of those kinds of dynamics are difficult to know today).. but anyhow, I think that you are getting something wrong in a kind of suggestion about $2k daily price swings.... ... Anyhow, I am kind of typing as I think, here, if each bitcoin is approximately $400k, then yeah, that bitcoin's price could easily fluctuate by $2k or $3k in a day, but we would be dealing in thousandths of a bitcoin, and that value may only change by $2, in a day... so in the end, it seems that we agree that the overall currency is much less volatile and more difficult to manipulate, and yeah if the price goes up 1,000x from today's price, we may have only half or less than half of our current BTC holdings... but that does not mean that we are poor, it just means that we may have chosen to diversify somewhat and for whatever personal reasons.
1.0 BTC = $411,764 USD with a $7,000,000,000,000 market cap on 17,000,000 BTC in circulation. 0.00485715 would be $2,000 USD
WOW! I already see right now the exchanges would have to make some changes regarding the minimum amount of btc allowed for a trade.
I hope to still have all of my holdings by the time BTC is worth $411,764 each. It's possible I could get SOME out but I don't plan on getting out too much. I've found, as I get older, I don't require a big house with a lot of material things. I would be content living in an RV traveling the US and Canada.
That would be 1.44 BTC for the Realm RV I want. That still leaves me quite a bit left over. If BTC was $411,764 each, I would have well over $100 million USD worth. Nothing wrong with dreaming. Here's that RV: https://www.youtube.com/watch?v=d29IN7UQACo
Wow, I very much underestimated the price of the realm.. and you are suggesting that it runs over half a million for that vehicle.. whoaza...