Quote from: Biodom on January 20, 2024, 11:47:31 PM

Quote from: JayJuanGee on January 20, 2024, 11:11:31 PM

Quote from: philipma1957 on January 20, 2024, 09:20:06 PM

Quote from: JayJuanGee on January 20, 2024, 07:19:15 PM

What do you believe the BTC price is going to be in:

2 weeks? 50k

1 month? 60k

3 months? 50k

6 months? 65k

9 months? 75K added this

1 Year? 100k+

2 Years? 150k+

4 Years? ?

8 Years? ?

12 Years? ?

20 years? ?

50 years? who cares I will be dead

100 years? who cares I will be deader

133 years? who cares I will be 33 years more dead.

O.k. Fair enough. <snip>

133 years? $800 million or $900 million to $1.2 billion

The third or fourth generation of bitcoiners (great or great great nieces and nephews in Phil's case, sorry) will own the stars (or at least "small" asteroids, hopefully, Grin

)

I know it sounds outrageous, but my chart does project that the 200-week moving average will move over $100 million per coin in around 2108 (that would be $1 per satoshi.. and it also would be a BTC market cap of $2.1 quadrillion, if we presume the existence of 21 million BTC, but at the same time, it is quite likely that a lot of BTC are going to get lost in the next 84 years, and even with that projection, I am ongoingly projecting an increasingly decreasing 200-week moving average rate of appreciation that gets down into the 2% to 3% per year.... yet another problem with the projection is that we have never had money close to as sound as bitcoin, so there surely would be some dynamics that my simplified model is going to end up missing. .

Sorry to get too fantastical, but I think that my projections are somewhat realistic even though I am trying to talk about earthly wealth and at the same time anticipating ongoing increasing wealth that comes from technological innovations in ways that we might not realize just like we did not realize how much wealth electricity, various transportation innovations or even easier ways to communicate (still not clear if better communication brings more wealth, but surely bitcoin's being able to secure digital scarcity and value attached to information is likely going to cause increased ways for wealth.. but still someone still has to perform work, I would think. Maybe in the future no one wants to work, but how are they going to get anything? food, housing, services etc.. so yeah, there would still need to be incentives for working... beyond merely trying to rob others of their bitcoin.