Post
Topic
Board Speculation
Re: All these people claiming 1 BTC = 1 million+
by
jubalix
on 21/03/2014, 11:25:16 UTC
What were they thinking? These people have a reputation, no one is going to take them for real making these claims. What's going to happen when nothing happens?


https://www.youtube.com/watch?v=w3X03KyUYuo
https://www.youtube.com/watch?v=Pz_j2su9Ehc
https://www.youtube.com/watch?v=vdPWnYnpEOw

Think about it. The marketcap for BTC to reach 1mm/BTC would mean massive mainstream adoption. Also, it would mean tons of random NEETs that happen to store a couple BTC suddendly join the 1% clique.
And, let's say hypothetically that 1 BTC reaches these ridiculous prices. What will be the purchasing power of 1 BTC? Wouldn't basically mean that the USD dollar devalued itself 1mmth times? Even if it went to 1mm/BTC, so what? you could only buy a cheese burge with it.

I just find the whole thing ridiculous. I hope im wrong and we all become rich, but the story about holding 1 BTC and waiting to be a millonaire sounds so ridiculous to me. And they could play the "the end of the world is near" card, and keep people waiting forever.

the big money is not in retail "massive adoption" its in backbone, store of value, asset class.

so no, It would not require massive adoption

remember the biggest listed companies are a drop in the bucket vs the money out there eg apple/exxon whatever is 1/20 th of the largest private company, and that's the one we know of.