Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by cAPSLOCK (1)
also, masterluc says...blah blah
Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?
Masterluc, Cliff High, Tone Vays, McAfee.
They believe in "long-term", not in short-term like you.
My long term prediction I made August 2017 simply based on doubling each year:
2018 2000
2019 4000
2020 8000
2021 16000
2022 32000
2023 64000
2024 128000
2025 256000
I have nothing against Masterluc, Cliff High, Tone Vays, McAfee saying it will moon sometime in several years 5-10 or whatever (most of us here do otherwise we wouldn't invest our money and time) but a lot of their technical babble in the mean time has been proven wrong hence my comment.
Doubling every year is not sustainable. And you are not taking into account the alts.
In my perspective. Bitcoin is a security and 'an above gold/silver/metal store of value'.
You just need to do the math that probably just 1% of humanity owns some bitcoin or centi-bitcoins or any smaller subdivision of bitcoin. But bitcoin will not be used for day to day transactions to buy coffee or order pizza, because altcoins will handle that. But in the perspective of the security of the network, bitcoin is the most solid. It just has better infrastructure & PR for people to believe in it as cult members do.
But I'm looking forward for some of those coffee coins and pizza coins, so I can buy some!
Please go back to pizzacointalk, and send the vibrant community there my regards.