Quote from: MainIbem on October 06, 2024, 03:47:14 PM

Quote from: GIF-JOBS on October 06, 2024, 12:48:51 PM

Bitcoin is a currency with a lot of potential. Yes I agree with you, Bitcoin will grow at least 10x-20x in the next 10-20 years. Because if we research Bitcoin deeply and look at the research of major Bitcoin experts, we can understand very well that how likely Bitcoin is going to be in the coming days, we are going to see a strong bull market in the coming next year where it is expected that Bitcoin In the next bull run it will cross 100K at least and there is a possibility of it going up to 120K. So I also think that, if As-Soon-As thinks that Bitcoin will only cross 150K in the next 10-20 years, then As-Soon-As has no idea about Bitcoin, I believe that Bitcoin will cross $1M to $1.5M at least in the next 10 to 15 years.

Bitcoin has lots of potential, that's agreeable and that's why different people who believe in it speculates different prices, I've seen speculations of 100k before next year, I've also come across speculations of 200k by next year from Crypto new channels on the media but all those are mere speculations and none is right until it happens. However, I still stand on the ground that the 80 to 100k mark in the next bull season is a possibility and more realistic compared to 200k and above. I so much believe in Bitcoin, infact seeing it reach different all time highs in different circles is enough for anyone to believe in it but what I'm not very sure of is your speculations of Bitcoin getting to $1m in 10 to 20 years from now, I find that figure very unrealistic because Bitcoin was created in (2009) which is about 15 years before now and since then, it's not even reach 80k yet not to talk of 100k. If you had said about 500k in the next 10 to 20 years maybe I would've been convinced but then I doubt if Bitcoin would reach the figures you're speculating at that point in time.

Well all I can say is that let's not use the present happenings around bitcoin and limit our judgement regarding bitcoin. Most times bitcoin acts in a way that our logic cannot define. As far as I'm concerned any price is obtainable in bitcoin. Bitcoin was listed below $1 when it was first traded on exchange, but today here we are. In that era if someone had told you that bitcoin will get to this price that it is today, back in 2009, I believe your answer then would have been similar to what you are saying now. The future we don't see we find it difficult to believe because of the limitations we have created in our minds. Even if someone tells me today that bitcoin will get to $2m before the end of next year, I will believe it.

I don't have any reason whatsoever to doubt it. The only thing I know I can do for myself is to position myself very well so that I don't miss out. All I have to do is accumulate and hold my bitcoin so that if that price eventually happens it will benefit me as. Ever since I saw what bitcoin did in 2021 price surge, I have vowed never to place limitations on the price of bitcoin. Whatever price that is being speculated, I always accept it and look forward to it happening. Let's always remember that there will forever be 21 million or less bitcoin in circulation!!