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Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Pi-network314159
on 13/10/2024, 12:22:57 UTC
⭐ Merited by fillippone (1)
Increasing your net worth from $1 to $100 is not hard, even a homeless junkie could do that without much effort. But going from $1 billion to $100 billion, or even just to $2 billion, is a whole different story.
I wouldn't agree entirely that your analogy suits  the Bitcoin context and even with the general economic sense of upscaling from a $1 point to $100, I Believe it's always more deficult at the starting point than it becomes when you've witnessed some level of growth and have gained a wide range of trust accross the globe like what has happened in the Bitcoin scenario.

You would be right if we were talking about growth in terms of the actual amounts of money flowing into the market, in such case - yes it's more difficult to attract big money at the start.
But I'm talking purely about ratios (e.g. x10, x32, x100 etc).
Actually In my own point of view the growth of any investment is vise versa, which implies that it may be slow from the beginning and expand later down the road, and may intend to be fast from the beginning and become slow down the road.  In bitcoin case it was much easier from the beginning because many people never knew or heard of anything like blockchain technology (bitcoin) and people are usually moved by trend. The News of bitcoin shook the world. It was an awesome and idmarable Discovery that people wanted to take a slice of it and know how it feels like to be a part of such and investment opportunities. The more it gain popularity the more and more people invested on it, th more it keep rising and people start seeing there dream coming into reality, this triggered more investors and btc grew tremendously and gain attention. So it has reach a staggering level where most people are afraid that it may never grow above this and they sold. For bitcoin to increase as before it will take alot of time and I understand your point, but that does not mean that it can not grow to 32x in a short time frame. What matter is the amount of adoption in a space of time. If bitcoin can grow drastically during the ETf approval don't you think a force can drive people to adopt bitcoin and it grew rapidly? Even if it doesn't grow by 32x. Let's say 10x per say.

You could literally create a shit coin this afternoon, start trading it at say $0.00001 and just buy it from yourself for $1. Congrats, it just made a x100,000 return, but good luck repeating that when there's a real market with big volume.
That is crazy, a person who knows the principles of tokenimics would not even agree to this. What is the value of creating a token that has no community, followers and investors who are willing to invest. If you don't know creating a token with good utility take time or good things takes a lot of time. If you can create a coin withing 24hours and list on exchange, fine but it takes a good coding skill and a good laptop But I doubt if listing on exchange can be done in a day, because exchange will take a review of the project before getting listed. You can check how long it takes does it take for my coin to be listed on exchange