Quote from: marcus_of_augustus on April 05, 2018, 05:25:32 AM

Quote from: cAPSLOCK on April 05, 2018, 04:57:31 AM

I have been watching BTC since June of '11. I've seen several of these climbs... each one making the previous one look like a pimple. Sometimes they have been months apart, sometimes years.

This last one... magnificent. I fantasized of owning beachfront maui property. Oh well...

But my question.

Do you really think that one was it? The last one? No more coming? This last one will NEVER do the pimple trick?

(Ps. I am psyops agent cA7739011)

... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.

Bitcoin currently has a market cap of $116 billion. The NYSE has a combined market cap of $21 trillion. It seems reasonable enough that the Bitcoin ecosystem could rival the NYSE in market cap, especially if security tokens start cannibalising the traditional stock exchange model. Of course to get there, we need side chains which can provide coloured coins or similar tokens. But people are working on it.

That would be another 200x current value which would be circa $1.3 million per BTC. Factor in lost coins and you might squeeze out US$2 million per circulating coin. That would provide a comfortable standard of living for most people on this thread.