Post
Topic
Board Bitcoin Discussion
Re: $100,000 and $1,000,000 Bitcoin
by
thecodebear
on 06/04/2024, 21:49:00 UTC
That's my story. Been around since 2012. Lost access to everything multiple times when laptops randomly decided to kick the bucket.

$1M BTC is certainly possible. I remember when it hit $1000 and was thanking my lucky stars I could convert my Second Life Linden Dollars into BTC. It hit $20K and I thought this train was only getting started. $100K seems all but guaranteed. Probably will see $200K this bull run, maybe even $250K. $1M may require another cycle or two, so 4-8 years, but it can get there, especially if the fiat currency system implodes at the end of the 4th Turning and into the new 1st Turning.

It seems like a no-brainer to open up a 5x leveraged position, with enough dry powder on the side for a 50-60% drop just in case, and ride it to $1M if you trust the exchange and aren't selling the farm to do it.


Another cycle or two??? Dude, try to be realistic. $100k will happen this cycle, but $1 million is very very far away. Assuming the four year cycle holds, which it probably won't by the time $1 million gets hit, $1 million probably absolute earliest is 12 years away, but more likely 16 years away, and very possibly 20 years away.


Some of ya'll need to learn about diminishing returns. Like notice how 2017 was 18x from previous cycle high, but 2021 was only 3.5x from 2017 high. From here on out 2x would be a good cycle, which means minimum 3 cycles, and likely 4, so as I said, 12 years perhaps possible, 16 years pretty decent chance.