So when I say 'moon', I'm interested in what price we stabilize at.
Do stability exist? Can a currency realize stabilize?
Even EURUSD pair is quite crazy sometimes.
Even BTC stabilize, USD will never be stable. Crazy events in the world will make the price go up and down.
The life of btc holders will always have huge up and downs. Volatility will become smaller, but we will see at least some 20% up and down in a year for sure, just like gold and other assets and currencies.
I will speculate that you are correct that there is likely NOT going to be a lot of stability in BTC until price gets to some place higher than 10x of gold, and sure it may need to get quite a bit higher than that.. but somewhere in the territory of 10x of gold to 1,000x of gold bitcoin is going to become quite a bit more stable... so that seems to be a ways off.. at least 6 years minimum.. but more likely greater than 12 years...and a lot can happen between now and 12 years from now in order to inform the thinking on this matter and also the extent to which progress is being made passed the 10x of gold and towards the 1,000x of gold arena... 10x of gold is $5 million per coin.
10 years ago i found bitcoin, and vowed i would ride this pig either into the ground or right to the moon. its allowed me to retire early already.
you and
BJA too.. What a coincidence.
its a pretty good ride.
Not for
BJA.. I think that he gave up around $500-ish.
err.. whats a "BJA" ?
i just knoooow ill regret thisYou should not regret this kind of a thing.
I cannot quote from the post because the thread is closed:....
but here is a link:
https://bitcointalk.org/index.php?topic=12156.msg169810#msg169810Here is a quote contained therein:
>>>>>
"I don't care about the busts. I am riding this pig wherever it takes me. If it tanks, I'll have a helluva story to tell. I'm sick of half measures. I'm swinging for the fences and If I strike out, so be it. I won't be some mediocre drone living a life of quiet desperation. I believe in bitcoin and I'm going for broke, knowing the risks. "
<<<<<<<<<<<