Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.
In 1 week we will be pushing 800
In 1 year we will be pushing 2400
In 10 years, global economic unity.
Liquid fucking bits
In 1 week we will be pushing 800
In 1 year we will be pushing 2400
In 10 years, global economic unity.
Liquid fucking bits
I like your optimism.
I don't know why, when I read Cmacwiz's post, I felt it's really true and it will happen.
O.k... 1 week, possibly $800...
O.k.... possibly, some kind of global economic unity in 10 years, but more likely 30-50 years.. As others have suggested, there can be a lot of different ways that "global economic unity" would play out, and 10 years seems way too soon to sort those kinds of matters out.
Regarding the "pushing 2,400", I think that is a problematic number to be "pushing." Even though the future does not play out the same as the past, $2400 is an awkward place for BTC.
Once we get passed the mid $800's, the most likely price range would end up in the $3k to $5k territory, and then likely we would have a correction of some sort.
I doubt that we are going to get stuck at $2,400 for any significant time, unless it would be coming back after the correction, which could take a bit more than a year's time to play out.
On the other hand, it is possible that we could experience a pump into the $3 to $5k range, and then experience a correction that takes place quickly, but causes use to get stuck in the $2,400 range and therefore "pushing" $2400.
Bitcoin is too fragile to be used for 'global economic unity' or anything like that. Try to think in a timespan of beyond 20 years in which it will definitely be hacked/cracked by then or they will find some way to keep the network from functioning in some way or the other. In a best case scenario, we briefly touch something like $20,000 in a speculative bubble before crashing. That is the play here.
Hahahahaha
That is pessimistic.
Therefore, in your view, if I just HODL my current coins, the best case price appreciation scenario that I could expect with my current coins is 30x....
Oh Fucks!!!! Seems that I am only going to be 30x more richie with my current BTC.