Quote from: HabBear on July 11, 2017, 06:25:00 PM

Quote from: jtipt on July 11, 2017, 02:31:20 PM

Quote from: BillyBobZorton on July 11, 2017, 02:27:29 PM

Just keep on stacking BTC and in the long term history will be on our side and we will be rich.

Yes but sadly we will never be able to stack up to 20,000 even 20 BTC is a dream for me. But who knows maybe in a few decades 1 BTC will be worth as much as 20,000 BTC is worth today.

I love your optimism.

Let's do the math on that. 1 bitcoin is worth ~$2375 today. 20,000 Bitcoin is worth ~47.5 million. As much as the finite supply plays into the price growth opportunity (particularly when demand is very much still in the early stages), there's no way 1 bitcoin will be worth $47 million.

That's so far past the moon, it's just not going to happen. I don't believe there are enough people in the world to generate the demand required to send the price to that level.

I do love your optimism though.

Even in the longer-term nor do I see anything like $47 million. A $20,000 price for BTC would be perfectly OK with me as long as I can HODL on to my "stack".

When looking at the longer-term though, it is worth keeping in mind that most technologies become obsolete as newer technologies come on-stream... Such is my guess re BTC, something in the next (5? 10? 15? 30?) years will come along and turn BTC into buggy-whips.