But youre not 100% sure of that are you?
Youre making a dramatic statement to show how sure you are,but are you really?
Everything is available to be shorted when you are of a particular conviction.
Could Bitcoin’s Price Reach $1,000,000? (ARK Invest)
- Thread starter The_Krakenite
- Start date
But youre not 100% sure of that are you?
Youre making a dramatic statement to show how sure you are,but are you really?
Everything is available to be shorted when you are of a particular conviction.
Never said I was since there is nothing that can be 100% certain.
But it's enough for me to call bs with enough conviction.
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> Nobody would be buying above 50,000 -
Some people were saying this about just the $50 price-tag in the distant past. That was quite a few zeroes less.
Some people were saying this about just the $50 price-tag in the distant past. That was quite a few zeroes less.
I personally wouldn't short it right now but conviction is conviction so good luck to you with your short and please keep us posted.
you know how markets work there would be way more people that want to buy above 50k then below 20k!
Why do you think it is complete bs?
Bitcoin has a market size problem. When your market is 10 people it's easily possible to grow that 10000%.
Bitcoin has reached a size where if it does reach 1million there will be no room left to go up. Once it stops having a potential to go up at a rate faster than global GDP, people will look at the potential downside and race to get out.
It's just a consequence of a limited amount of possible investment capital in the world and it being a non-prodictive "asset".
Bitcoin has reached a size where if it does reach 1million there will be no room left to go up. Once it stops having a potential to go up at a rate faster than global GDP, people will look at the potential downside and race to get out.
It's just a consequence of a limited amount of possible investment capital in the world and it being a non-prodictive "asset".
The global money supply is $49 trillion. Considering that fiat currency, excessive debt, and inflation are a global issue, wouldn't the upside be $49 trillion / 21 million Bitcoin = $2.33 million? Regardless, lots of room to appreciate before a market size problem kicks in.
So you're imagining a scenario where all other currencies cease to be used, including other crypto currencies? This makes sense how?
You think they're going to start paying out social security benefits in bitcoin?
If it reaches 1 million and then crashes down to nothing what good is that going to do you?
Did you cash out at $50k? But you're going to perfectly time the market this time?
It's kind of important to think about not just could X hit price Y, but also, could it conceivably maintain that price.
Not just for the "how long would that price hold" question but also to evaluate the relative likelihood of it happening in the first place.