Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Demand has to catch up with price, and you are correct that perceived value has to catch up too.

Just because bitcoin has an addressable market and monetary capacities that cause it to be around 1,000x or more valuable than gold, that does not mean that we wake up tomorrow and BTC prices are $900 million per coin. It takes time to get from $100k per coin to $900 million per coin, just as it has taken nearly 16 years for bitcoin to get from $0 to $100k or maybe more realistically (let's not count the first 3 years) nearly 13 years for bitcoin to get from $5 to $100k per coin.

Yes you are very correct!
But Let's consider some factors that surrounds bitcoin currently and the reason for the exponential growth above expected, and if we say it would take time then it's not getting the attention needed and to me which I think as days passes by the more visible and known (more demand increases, more people acquires it) if it took up to nearly 13 years as you said then I would say due to the rapid interest in some institutions and such as blackrock, fidelity and couples with the just elected Us president who is now bitcoin friendly wouldn't take much time for bitcoin to double it's price on a shorter range, do I say we forget about the ETFs as well? No!
All these will sharpen the edge of bitcoin for faster rise above the 13 years past. Maybe in less 5.9 to 6.6 years Bitcoin would gain the price and the attention it never gained since everly created.

To sum it up; the past 16 years was a year of seeking for attention, now it has gained the attention required and it wouldn't take that long for incredible things things to happened. Therefore I am on the hodl lane.

I don't mind your seemingly bullish sentiment, but you are seeming to suggest that I am not bullish enough in my characterizations of where we are as compared to where we might be going.

You are not saying that we are going to arrive at $900 million per bitcoin in the next 5.9 to 6.6 years, are you?

I am not emphatically perpendicularly saying that you aren't bullish enough, I am just characterising the market based on the recent attention gained so far, but what more?
If you have overly generalized the market from the past historical data on how it should then what I give may not seems to evenly emerged as a resulting edge of it. But however, I give my speculation in respect to the sudden surge even though there seems to be correction which would later or either stagnate the price or as a form of resistance between the market, there would definitely be a force (positive news such as more ETF) would drive the market. However, I am not in any point saying it would surge to 900m or even $1m but we still can't undermine the possibility in the space, and still there was no official announcement that it would hit 100k+ by this year. So I am as well, and who knows the resulting moment from now but we are all optimistic about the price that surely 150k -250k is possible and it wouldn't be that much difficult to achieve its price with the sudden break out and higher support it has everly gained so far than the previous years.