Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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People like you
Lol...good to see you Windy, not lost any of your charm I see
Look, it's true though. Long term bears almost to a (wo)man
make the mistake of thinking they know what the value of bitcoin is. I could have understood that even a year ago. But today? With what's going on now with bitcoins fundamentals? If someone can't see it now, I have no sympathy for them, especially if they were diligent enough to find this subforum.Before you attack me, I want to be clear that i'm a long-term bull, but if you are criticizing bears for a projected price less than what it is now, you must have a valuation figured out. Otherwise, you can be accused of the same guessing of valuation you accuse the bears of doing. So, what did you figure a fair-market price of BTC should be now? What about 6 months from now?
Look. As Allaire pointed out, the elephant in the room is that for bitcoin to have the liquidity to be a world trade and/or retail currency it need to be 10x50 times bigger than it is now. As more and more big players get involved in the Eco system - once banks and US exchanges get involved, the price will be forced higher because it simply has to be to function on a large scale.
6 months from now? I don't know. Somewhere between 450-2000.
But in the next 24-36 months, bitcoin is somewhere between 10k-50k. It simply has to be. The scale at which the entities getting involved now operate scale wise, bitcoin will be forced there. And 17 year olds that mined this useless Internet money will have their minds blown.
i agree that it has to be 50k+ in 3 years
its basic human psychology pretty much. its just hard to imagine