Re: The correction is going to be epic, 2025 ~ 1M and other predictions.
I personally doubt BTC will go much beyond USD 100k,- but that's only because I honestly can not fathom BTC reaching the estimated market cap of all the gold in the world. Then again I love being positively surprised.
I am pretty positive that will happen. And $100k of today's purchasing power. We will also see a $1 million BTC. Maybe 2025 is a bit to early for that.
lol inflation.
Let me rephrase my prior statement: "I personally doubt BTC will go much beyond USD 100k,- of today's purchasing power."
Given enough inflation USD 1 million BTC is of course a possibility. Heck, why not USD 10 million. I still prefer BTC growing due to its own merits and not due to the faults of fiat currencies though
BTC fell from $1200 to $200.. the corrections are super intense.. To say otherwise is just foolish.
The whole BTC ecosystem has matured a lot since then. Besides, many people would just
add to their holdings in the case of a correction.
The BTC ecosystem has matured a lot, that's true. But claiming that "many people would just add to their holdings" is easy to say during a bull run.
The amount of outstanding bids on the exchanges has increased dramatically.
You only have to look at Bitfinex and Bitstamp to see more
than 100M $ in open bids.
[...]
You only have to look at Bitfinex and Bitstamp to see more
than 100M $ in open bids.
[...]
Outstanding bids mean nothing. Buy walls mean nothing. They're just thin air and disappear just as quick once the market turns.
Things look pretty good right now, but don't lure yourself into a "this time it's different" attitude.