Quote from: 100action on December 07, 2019, 02:12:18 AM

Quote from: Khaos77 on December 07, 2019, 02:04:10 AM

Quote from: 100action on December 07, 2019, 01:59:05 AM

I'm the biggest bitcoin bull on fundamentals but it wont get anywhere near that under non hyperinflationary scenarios.

$50,000 in the short term (within 5-10 years) would be realistic.

Think on this:

1. There are 105 wallets with 10,000+ BTC and 2027 with 1,000+ BTC
2. If BTC hits $100,000, there will be up to 105 new Bitcoin only billionaires.
3. If BTC hits $1,000,000, there will be up to 2132 new Bitcoin only billionaires.
4. There are only 2,100 billionaires right now.

The expected wealth transfer that would have occur in one generation for BTC to reach $100,000 and $1,000,000 let alone $10,000,000 is ludicrous and won't happen.

For the wealth transfer to happen, people have to be stupid enough to buy bitcoin at it's overly hyped price.
That amount of stupid people does not seem to exist at this moment in time.

Reason the price has been dropping since $20K, is they ran out of rich dummies.
Their is literally nothing bitcoin can do function wise that litecoin can't, and litecoin does it faster and cheaper.

You must be retarded.

Litecoin is a fork of a BTC that sacrifices security and decentralisation for slightly more throughput. First mover SOV won't be displaced.

BTC is here to stay and the prices will continue to grow (as long people use inflationary FIAT currencies).

So you're a dumbass, that only thinks coins with bit in the front are valuable.
Enjoy your stupidity while it lasts. Kiss

For others price / performance matters.