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>> No.12047244 [View]
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12047244

In December 2021 one bitcoin will cost 48 315 USD*.
*assuming no other coin will dethrone it

Let me explain how I arrived at this valuation.
First, we focus solely on fundamentals. Hash power, number of addresses, reward halving times or daily transaction volume are not fundamentals. Nor is the influence of Tether or other stablecoins or SEC dis/approval. The only thing which matters long-term is value proposition. Value proposition of bitcoin is
>fast and reliable peer to peer transfer of value over distances
No other service can transfer value over distances as fast or as reliably as bitcoin.

Right now, bitcoin has a 57bil USD market capitalization. The closest thing to bitcoin, in terms of value proposition, is gold. Gold is estimated to have market capitalization of 7.6tril USD. Something which holds value relatively well but is unable to transfer it fast or reliably over distances is currently valued 134 times more than bitcoin. That's pants-on-head retarded. If bitcoin were to be valued only at 1/10th of gold, one piece would cost 40 000USD.

>> No.1847881 [View]
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1847881

>>1842435
>bought used leather jacket for 80€
>cold season, wear it everyday
>one of the best purchases in my life

>>1843255
Money well spent in my book


Here's me (for perspective I live in country where median monthly income is $800):
>lost $1000 on intrade, another 1000 political betting (but made some 200 too)
>spent around $500 over few months on food delivery instead of saving it or eating during lunch hours (significant discounts)
>spent $150 on steam games I never really played, didnt knew about the possibility of refunds
>spent around $4000 in my young adulthood buying shit I didnt really use
>got literally scammed in person, $50

>bought mattress supposedly made from high-quality cotton with exceptional craftsmanship
>3 years later the surface starts to get uneven
>file a claim over mail but warranty already expired so I just throw it out
>$900 down the drain
>buy another cotton mattress from different retailer online thinking this time it will be different
>of course the mattress is shit, return it, sellers says there's nothing wrong with it, refuses to refund
>I escalate to national retail inspection (government agency supposed to protect consumers)
>after 40 days they reply
>reply basically amounts to "our job is to make sure retailer tells you to fuck off according to law"
>learned my lesson, buy cheap foam mattress
>it's now 6 months and once again, surface starts to get uneven
>fuck me with a chainsaw

Oh yeah and the best one
>was buying a flat, got talked into leaving the mortgage of previous owner in under my name
>he was also doing some renovations in the unit, jacked up price
>I was too afraid to refute him cause of the mortgage
>luckily he paid it half a year later
>two years later I meet some folks who used to live near him, they tell me he is big piece of shit who will screw over anyone he can

At least I got lucky in this one

>> No.1822794 [View]
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1822794

>>1822233
Perhaps good old regular wallet? Duh.

>> No.1816481 [View]
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1816481

What blogs you follow? Surely there must be some with proofs, perhaps even admissions of errors.

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