Cathie Wood predicts a surge to $2.3 million in Bitcoin

Tether can just print 1 trillion USDT and put BTC past 1 milllion easily. Crypto will indeed go up forever until stable coins become fully transparent on what back them. Remove USDT and BTC will drop below 10 K in no time and much lower as well.
 
SunTrader said:
Here is the thing about these long term projections.

New cash or cash-like alternatives that come along, such as Bitcoin, show others that they can possibly come up with other new alternatives. Sure Ether etc have tried but not had anywhere the adoption and price appreciation of the BTC the original.

But for price to keep going higher and higher demand has to continue going higher and higher because we know that supply is limited so no issue there.

So IMO there is no real tangible way to know what demand might be a year, 5 years, 10 years from now therefore in turn the price at those junctures.

Especially if one is realistic that other new alternatives are likely to come along too.
More...

The thing you're forgetting is that there are already newer alternatives that are much faster than Bitcoin and cheaper transaction fees. So why do you think Bitcoin is still ahead? Because people trust in it, it's adopted. Same with Ether, look at the ridiculous transaction fees with Ether, and it is still the top alt out there, and will continue to be. The speculation along with the reliability is what keeps the demand high.
 
Tokenz said:
The thing you're forgetting is that there are already newer alternatives that are much faster than Bitcoin and cheaper transaction fees. So why do you think Bitcoin is still ahead? Because people trust in it, it's adopted. Same with Ether, look at the ridiculous transaction fees with Ether, and it is still the top alt out there, and will continue to be. The speculation along with the reliability is what keeps the demand high.
More...

Yahoo used to reign supreme, and where it is now?
 
RedDuke said:
Yahoo used to reign supreme, and where it is now?
More...

Bad example, it's still one of the top 3 out there. And can't really compare a search engine to money. Would you rather have the newest fastest money with the cheapest transactions that is unknown to everyone? Or would you rather have the slowest most reliable for your life savings?
 
SunTrader said:
Here is the thing about these long term projections.

New cash or cash-like alternatives that come along, such as Bitcoin, show others that they can possibly come up with other new alternatives. Sure Ether etc have tried but not had anywhere the adoption and price appreciation of the BTC the original.

But for price to keep going higher and higher demand has to continue going higher and higher because we know that supply is limited so no issue there.

So IMO there is no real tangible way to know what demand might be a year, 5 years, 10 years from now therefore in turn the price at those junctures.

Especially if one is realistic that other new alternatives are likely to come along too.
More...

Bitcoin is unique among crypto assets, nothing really competes with the sound money value proposition of Bitcoin

For example, Ethereum, and Solana are smart contract platform blockchains and they have unlimited supplies, i.e. there will always be inflation of new Eth and Sol tokens

Smart contract platforms have its own utility, they are blockchain technology for enabling decentralized finance through the use of smart contract, good examples of this is dex (decentralized exchanges) or lend/borrow market places

In so far as people or companies that are heavily invested in Bitcoin for the sound money utility, none of them has used any of the alternatives you allude to

Microstrategy only owns bitcoins, Michael Saylor only owns bitcoins, Ricardo Salinas only owns bitcoins, Bill Miller only owns bitcoins, Tesla/Space X only owns bitcoins, Block (Square) only owns bitcoins, Mercado Libre only owns bitcoins, and many other companies only own bitcoins

Even years after acquiring bitcoins, why have they not owned any of the alternatives, like Litecoin, Ethereum, Solana and thousand of others that have been available as well?
 
johnarb said:
Bitcoin is unique among crypto assets, nothing really competes with the sound money value proposition of Bitcoin

For example, Ethereum, and Solana are smart contract platform blockchains and they have unlimited supplies, i.e. there will always be inflation of new Eth and Sol tokens

Smart contract platforms have its own utility, they are blockchain technology for enabling decentralized finance through the use of smart contract, good examples of this is dex (decentralized exchanges) or lend/borrow market places

In so far as people or companies that are heavily invested in Bitcoin for the sound money utility, none of them has used any of the alternatives you allude to

Microstrategy only owns bitcoins, Michael Saylor only owns bitcoins, Ricardo Salinas only owns bitcoins, Bill Miller only owns bitcoins, Tesla/Space X only owns bitcoins, Block (Square) only owns bitcoins, Mercado Libre only owns bitcoins, and many other companies only own bitcoins

Even years after acquiring bitcoins, why have they not owned any of the alternatives, like Litecoin, Ethereum, Solana and thousand of others that have been available as well?
More...
My point was - what about other alternatives to come, not ones that are already around.

Nobody no body knows ... what tomorrow brings.
 
SunTrader said:
My point was - what about other alternatives to come, not ones that are already around.

Nobody no body knows ... what tomorrow brings.
More...

I almost regret saying this... Bitcoin cannot be repeated

I only say this now as it is true today and will be true in the future, which only makes sense to a Bitcoiner

That's why to non-Bitcoiners, it looks, sounds, and feels like a cult
 
johnarb said:
I almost regret saying this... Bitcoin cannot be repeated

I only say this now as it is true today and will be true in the future, which only makes sense to a Bitcoiner

That's why to non-Bitcoiners, it looks, sounds, and feels like a cult
More...
I don't think of Bitcoiners as being part of a cult.

Just silly - to project well out into the future (ie beyond the next month or so), especially considering how much things have changed in just the past 12 months.

As for "cannot", that is one of those words like never, always, will, should ... I try not to use when talking about the future (ie anything after this very second :)).
 
You must log in or register to reply here.
Back
Top