Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

i do expect that the price of bitcoin will trade betweem $850 and $950 for some time,

I don't think so. Too many people want to have at least one bitcoin.

true, and not even every millionaire (denominated in $) could have one. there are more millionaires existing than bitcoin.

This is a great fact.

thanks for the reply. most of the times people reply something like: "why would every millionaire want a bitcoin?" but it is fact and it doesn´t matter how much $ they would want want to pay for that one bitcoin. there will never be enough, even when worth a million $... Wink

Perhaps one day a bitcoin will be to the rich like a single share of BRK.A stock. I'm sure those shares are likely highly coveted now amongst them.

My father talks all the time about how he and his friends in the early 90s would moan that a single BRK.A share was "overpriced" and "overvalued" at mid- quadruple digits... then watched in horror as the shares went into mid- quintuple digits just a decade later. Now they are at $240K/ share, LOL.

My dad's also salty about passing on heavily investing in Microsoft in the 80's.