Quote from: UnDerDoG81 on January 06, 2022, 06:27:27 PM

Quote from: cAPSLOCK on January 06, 2022, 06:13:36 PM

[edited out]

I agree. I dont expect these massive 1000% run ups in one week but also no more 90% drops. It will stabilize over the years more and more as it should for a real store of value. You cant expect massive pumps and dumps from a store of value because then it is no store of value but a highly speculative object. On the other hand, we still measure the value of Bitcoin in Fiat. But if the value of a Fiat currency drops dramatically (like we seen in Turkey), then we will get those massive candles in the currency of that country. Its just a mind fuck to think about a world where only Bitcoin exists. How will we set the value of something? How much Bitcoin will one cup of coffee be worth?

I've been hearing these kinds of Kumbaya arguments that bitcoin is transitioning into "stability" ever since I got into bitcoin in late 2013.

We have seen a lot of "non-stability" in bitcoin, and bitcoin has been doing just fine.

None of us should be expecting either a smooth transition to unseat the incumbents or that war is actually stable..

but hey... you can believe what you like.

I have not seen stability in bitcoin, but people still want to argue that nonsense.

Every calendar year we have "nonstability" but peeps still want to assert that from here on out stability is coming.

Yeah right.

Roll Eyes

Just take the last year?

Yeah, maybe it seems stable in retrospect, but if we entered the year from a $10k bottom in September 2020 that went up to 6.5x and then later to 6.9x with a 56% drop and a 39% drop so far... ..

yeah we have overlap across years, but who gives any fucks because bitcoin and its price moves are not calendar year dependent, just like it is not exactly on a 4 year schedule.. but hey.. let's read bitcoin into a strict schedule and then get disappointed when the badger does not cooperate, right?

2021...or the relevant parts surrounding what bitcoin did during such calendar year was not exactly stable.. or the end of volatility, even though we have many peeps spouting out such nonsense is in bitcoin's near term future.. yeah right... sounds like a wish rather than some kind of a fact/logic based assessment of what bitcoin is.

By the way, one of the only guarantees in bitcoin is that it is going to be volatile.. but hey, let's try to assume away one of the only aspects of bitcoin that is anywhere close to being a guarantee...

again...

rrrrrrrrrrriiiiiiiiigggggggghhhhhhhttttttt

Roll Eyes

Quote from: serveria.com on January 06, 2022, 07:26:44 PM

Quote from: cAPSLOCK on January 06, 2022, 06:13:36 PM

[edited out]

Most of the things mentioned in this post are self-explanatory. On the other hand $40k x 1000 is only 40 million so taking into account current and future inflation I wouldn't say it's unreachable. Cool

Of course, 1,000x is 100x the value of gold, and we could fairly reasonably conceive bitcoin to be 1,000x the value of gold, which puts bitcoin at about 10,000x price appreciation from here.

I am not saying 10,000x would be easy.. and maybe even 1,000x might not be easy either.. but 10x to 100x seem reachable in one or two or perhaps three cycles from here... so then the question might be how long does it take to get the additional amount to get to either 1,000x or 10,000x.. and that could be 10 more years or 50 years or maybe 100 years..

Quote from: OutOfMemory on January 06, 2022, 07:42:21 PM

@Bob: Year of the crab? Waddayamean?

Bob is ongoingly crabby, and he has a whole year to dedicate to such.

It's gonna be a good year.

#nohomo

Quote from: fr4nkthetank on Today at 01:02:27 AM

I dont want to shill for a project or anything, but

That's a big but.