I'm bullish, but more in the longer run. In fact this change would make an S-curve (a.k.a. "no more cycles") a bit more likely than not, imo.
huh?
We have been in an exponential s-curve since BTC first got a price in mid-2010, so I am having some troubles with projections that bitcoin is not going to have major corrections in the future. I thought that this particular correction (the one that we are in right now) would have taught some folks to move away from their bullshit theories about supercycle blah blah blah...
Sure when we zoom out, we are still going to see what appears to be an exponential curve and what appears to be a kind of supercycle, but likely no where near where lots of pie in the sky peeps are imagining.
$1M/BTC within the next 10 years.
$5M~$10M/BTC within the next 20 years (or sooner).
$50M/BTC within the next 30 years (or sooner).
$100M/BTC within the next 50 years (more or less before the end of the century.)
Didn't you go a little far? The future is uncertain.
That seems a wee bit conservative in terms of a projection of reasonable likely bullish case scenarios.. and sure, of course, should prepare for bear scenarios, too.
$1million could happen this cycle... but sure.. more likely the next cycle.. but still the next cycle is going to be 5 years, so if we give it even another cycle, that is 9 years.. hard to not see something close to or exceeding $10million in the next 10 years.
Dazzles me every time that someone, somewhere is selling at -50% from ATH
Don't get dazzled.
That is not a good place to be.
Shake it off greensheep.
Shake it off.