Re: Why bitcoin will hit 100000$/BTC in 2014. My conspiracy theory
Wall Street could push Bitcoin over $100k. Bitcoin went 100x in 2013, why not again in 2014?
Fairly simple actually, stocks don't grow exponentially after a certain point, it just isn't feasible. XBT increased its market cap in one year by ~10B. Which was a great feat. But for XBT to increase 100x again, the market cap would have to increase from 10B to something with way too many zero's on it in one year.
Can it get there eventually? Who knows. A LOT of factors have to fall into place for that to happen.
[1] BTC is not a stock, when will you stock people understand this,
do you understand that no one made money selling stock/buying them? All you do is swap around existing fiat, that is gov controlled by basel III CCR, through FRB.
[2] In here (the BTC forum) it looks like everyone knows about BTC, out there, look around, I can go to any public area, shops, beach, park, and everyone I see, 10 000's of people, none of them know about (in any actual detail) and less, 1/100,000 have btc.
[3] BTC is an S curve uptake event, that will likely go faster as it gets bigger until it reaches saturation, like email, microwaves etc. The saturation point is some where in the xx trillions. The only question that remains it what share of the pie will BTC, vs LTC, PPC, NXT, EMUNIE and
[4] Wealth will flow to whatever entity legalises/ uses BTC Since Singapore Denmark, Germany have legalised BTC capital will flow to them, the city of London, will also come online, which operates as a power unto itslef, with thousands of years of history. Where there money to be made the City will do it. Thats why it does +1.3 T forex a day.
BTC can fork to tech that it needs, has a competent dev, and network effect, but you never know.
[1] OK, I'm a stock guy. I'm giving the benefit of the doubt calling XBT a stock. Ok, lets go currency. What's the daily maximum value you've seen a currency go up? Ok, maybe a commodity? How much does gold move? XBT acts more like a penny stock (yes, not anymore) than anything else currently on the market so refer to it as a "stock".
[2] That still $100B in -new- money needed to get to 10k...
[3] BTC is a -possible- S curve uptake event. So far. But there is enough negative news that can effect the price more than the actual fundamentals.
[4] I've actually posted about that in another post. There will a country that fully embraces XBT. It won't be US, Russia, China, etc. It will be a somewhat smaller country with a very inflated currency. Money will flow into that country. I think that is the best bet for XBT exponential price increase.
[1] German mark inflation vs gold, exponential. S
Stock traders have to get their head around they have never made any money, ever on any trade. The just swap existing money supply.
BTC is completely different. This is direct currency competition, money itself.
Microsoft, Apple, Exxon, Toyota, BHP ,, never made a single dollar, nor did their stock. Existing money supply given to them.
The existing money supply is controlled by fractional reserve banking in tandem with the capital reserve ratios they ascribe to and interest rates, via Authorised Deposit-taking Institutions (Banks)
Excluding cash, which is the minor part of the economy, this means everyone ultimately is paid because some one stood in-front of a bank and obtained a loan and ultimately the bank excuted a loan upstream so that you were paid.
The only way to pay of that loan of is to execute another loan from a bank, and so you get a massive inverted pyramid of never ending loans needing to be executed to service existing loans. This causes endless devaluation of money, and profiteering of banks at your expense or work. It also insulates central government from bad decsion making which cost trillions, because they can just print more money, by self executing loans and propping up the banks with taxpayer labour appropriated by both using the common currency, printing more and tax of that
BTC has for the first time given a mean to catch all of this inefficient behavior, money printing, bad decisions, over taxation.
And we are not talking billions, bit multiple trillions.
[2] $100B is not much money in the scheme of things, and it only needs a little bit of that , to push the market cap to $100 B.
[3] agree, but see 4.
[4] agree