Post
Topic
Board Speculation
Re: Who do you think should be the fool to buy Bitcoin from you for 1000$+?
by
Flashman
on 10/12/2014, 12:56:35 UTC
correct. Only the actual real usecases can make real demand. And they are few... or not strong enough to draw people in who aren't technically interested already. I think peoples expectations of another meteoric rise of 10x or more are too high.

If we had 600 million users, a 10x rise would be too much to expect. But if we've got under 6 million, then 100x is easily possible.

Maximum potential is 1.23 Billion users if we say that everyone capable of using facebook can use bitcoin. And where is the starting point? Well those snippy snappy critics tell us we might only have 200,000 users right now, and we can hit $1000 with that many? Hokay, so that's only six hundred and fifteen thousand percent upside potential. 615,000%... or if you believe community estimates of around 2 million, a paltry 61 thousand percent instead.