In my understanding, number of bitcoin users now is only 350,000, less than a million at least.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
When it reaches 100 million, we are still in early adopter phase in global scale.
It is very important to realize that all growth has its limits, and the limit for bitcoin growth is that it replaces all other liquid wealth. That would lead the purchasing power to be in several million$ range. A more conservative scenario, that of replacing gold, would put the price at $300k/BTC.
It's still at least a 1500-bagger
Good brainwash - $300k is now "conservative" as Chamath estimated $0.5-$1M...
Hehe, and people on reddit call each other insane for predicting $1000 by 2014. lol. Some clearly haven't grasped the enormity of what is hitting them yet.
Totally. Did you see this post today? http://www.reddit.com/r/Bitcoin/comments/1qetkx/why_are_so_many_people_here_confident_that/