Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by sirazimuth (1)
Some 'hotheads' keep talking about $5-10 mil bitcoin in 10 years (2033).
I did some calculations:
1. Bitcoin will be $1.58 mil in 2033 if it goes up 50%/year (on average).
2. Bitcoin will be $27.14 mil in 2033 if it goes up 100%/year on average.
If counting from late 2011 (btc at $2), bitcoin went up roughly 2.25X a year (125%).
If counting from Sept 22, 2013 (btc at $133), bitcoin went up roughly 1.7X a year (70%)
Therefore, if bitcoin does a repeat of the last 10 years exactly, it would be $5.34 mil in late September 2033.
I like the numbers. It is hard to believe that it is possible, but it is.
All it takes is for btc to exactly mirror the last 10 years in appreciation.
"Nothing" special.
If not in our universe, then in some that is almost identical to ours, imho.
I did some calculations:
1. Bitcoin will be $1.58 mil in 2033 if it goes up 50%/year (on average).
2. Bitcoin will be $27.14 mil in 2033 if it goes up 100%/year on average.
If counting from late 2011 (btc at $2), bitcoin went up roughly 2.25X a year (125%).
If counting from Sept 22, 2013 (btc at $133), bitcoin went up roughly 1.7X a year (70%)
Therefore, if bitcoin does a repeat of the last 10 years exactly, it would be $5.34 mil in late September 2033.
I like the numbers. It is hard to believe that it is possible, but it is.
All it takes is for btc to exactly mirror the last 10 years in appreciation.
"Nothing" special.
If not in our universe, then in some that is almost identical to ours, imho.
I would imagine in this day and age every hodeler has a secret fantasy that those numbers play out, including myself.
I'm not going to speculate or comment on whether this will happen or not.
I leave that to other folks on this here famous thread.
They will end up looking like Nostradamus geniuses, or just another lunatic internet get rich quick character.
Me? I just continue to DCA, hoping for the former, albeit, I'm not betting the farm. (and surely most OG's with a brain apply the same strategy.....perhaps, perhaps?)
Good lord! Did I just post on topic? Very unusual...lol
well,
I bought quite a bit of AAPL in 1997...did not hold long enough.
I bought some TSLA in 2010...did not hold long at all.
I did not buy AMZN in 1997 even after thinking about it quite a bit.
by golly...I will try to hodl here as long as I can, so...
Bitcoin looks as much a golden ticket as anything I ever laid my eyes on...long term.