wait...folks are saying
1 bitcoin could rise to 500k or 1M...?????????
shit I'd buy 1 now just bcuz
yes but I believe its mostly hype...but on the off chance, I bought 1 just bc.
they are basing it on the fact that there are only 21 million. 16 million have already been mined. so that leave 5 millin left. that scarcity creates a higher value/demand. just like gold in the real world...so value will increase as the ecosystem gets larger and larger and use/demand goes up. I read one projection that put it at 175k per coin by 2030. it is sound in theory but 1 million per coin is a bit much. however, I am willing to invest 1.2k right now and hold 13 years to "test" that theory. as it is intriguing AND BY THEN, there will be an ETF, regulations, laws, and test cases from somebody, somewhere to make sure they keep pushing the price up. there was a alleged white paper from the PRBC that theorized 1 mill per coin by 2050 and what to do with it...however, I am having trouble finding that paper. bc it seems to have been scrubbed form the net.
being analyticl by nature, I am a voracious reader and hunt info, try and track down sources to see if I can properly connect the dots and f the picture they reveal makes sense to me.
the winklevoss twins ETF proposal showed me that they are trying to do the same thing with bitcoin as these wallstreet fuckers did with gold by selling paper shares of the bitcoin as derivatives of value to 10 times the number of people than they could actually cover on a margin call....same trick they pulled with gold/silver. if there was a margin call on precious metals today, mofos would have a helluva time collecting on all the gold they think they own on paper.(one of the reasons I prefer nano ledgers for btc. if it isn't in your hand, you don't own it). BUT THE TIME WILL COME WHEN THEY APPROVE THIS STUFF. regulation or no. its about making money and greed never sleeps. in fact most of us here are counting on it to push these cryptocurrencies into our wildest dreams.
history repeats itself if you at attention. though a lot of people suffered greatly during the great depression, you rarely if ever hear about the mofos who made millions through it...they didn't run their mouth. they made money and kept it moving.
