$2 Trillion Market Cap to Zero In 1 Sec

[LuckyMac]

From what I remember reading, the last bit of bitcoin to be mined will be found near the end of the century, based on current mining progress. 2070 or something like that?

After that will be the real test of bitcoin value. And I'm sure that in that geeky future, the person who runs the rig that finds that last bit of bitcoin will become a digital celebrity, like the end of "Ready Player One".

Haha id love to be that guy but unfortunately itll be in a country where electricity costs a lot less than in my country lol. Its so finite that i think itll skyrocket. Like the Dollar years ago was so valuable because of the gold standard now its not backed by it. Anything that is in finite supply will always create demand especially as a safe haven. Interesting times ahead

 

[Nine_Ender]

I think 100K is inevitable now tbh. With there only ever being 21million there will always be a supply and demand issue that will make it profitable

Supply doesn't matter if the demand changes drastically at some point. Like "rare" Beanie Babies the buyers can disappear and suddenly it's a $10-15 plush toy again. I'm not sure when Bitcoin etc becomes hits serious problems but there is a strong chance it will long term. Would have been interesting to see what Bitcoin would have done theoretically during the dot com crash or subprime crash.

Until then it's a mania with a lot of players who believe in it. I suspect in 100 years there will be people wondering why the hell a coin worth very little went to $100K or more.

 

[LuckyMac]

Supply doesn't matter if the demand changes drastically at some point. Like "rare" Beanie Babies the buyers can disappear and suddenly it's a $10-15 plush toy again. I'm not sure when Bitcoin etc becomes hits serious problems but there is a strong chance it will long term. Would have been interesting to see what Bitcoin would have done theoretically during the dot com crash or subprime crash.

Until then it's a mania with a lot of players who believe in it. I suspect in 100 years there will be people wondering why the hell a coin worth very little went to $100K or more.

Interesting point, and in truth we have no idea whats going to happen either way. BTC doesn't have intrinsic value in itself but with the shortage and institutions now buying it is definitely going to have value in the short to medium term. It is without doubt risky though and i will only ever have a smaller portion of my portfolio in it

 

[johnarb]

Interesting point, and in truth we have no idea whats going to happen either way. BTC doesn't have intrinsic value in itself but with the shortage and institutions now buying it is definitely going to have value in the short to medium term. It is without doubt risky though and i will only ever have a smaller portion of my portfolio in it

Btc is the safest portion of your portfolio

 

[Frederick Foresight]

Bitcoin is still undervalued, imho

I think btc will break $70K this week

Bitcoin should reach $100K before eoy, imo

Uh, yeah, about that.

https://www.google.com/search?q=btc...512l7j69i60.3564j1j4&sourceid=chrome&ie=UTF-8

You go, cowboy!