Quote from: Plaguedeath on Today at 04:12:14 PM

Quote from: KingsDen on Today at 01:42:53 PM

They keep believing that bitcoin will do x100 from the present price and they don't remember that there is what is called a bear market.

100x isn't even make sense because gold market cap is just 10x times than Bitcoin https://companiesmarketcap.com/assets-by-market-cap/

Gold exist since long time ago and only able to reach such amount, it's like the "peak" of how much people invest their money. If someday Bitcoin overtake gold, the gap won't be that far.

The thing is people look at the price of bitcoin and how bitcoin has actually increased since the last 15 years that it was created, bitcoin moved from way below $1 to $100,000 now that’s basically like 10 million percentage pump or 100,000X move up. Now the question we need to ask is would this actually be happening in the next long years to come? Personally I feel bitcoin will one day overtake Gold because of how easy it is to get access to it, but seriously speaking even an 100x seems not realistic right now.

If we look at the market bitcoin has actually been reducing in volatility and it is understandable because the market cap is at a very high level right now that the amount needed to flip the price isn’t something that will be easy, 10x of bitcoin from this current position will set bitcoin at $1m price and the market cap at a very close range with gold market cap or probably same with the current market cap while I realistically see this happening I don’t expect much more away from this price in the year future. So the question is can 10x from each one’s portfolio make them wealthy? I thin for this statement to come buy such investor might have to hold at least 1 bitcoin at this current price and such person is rich already to me