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/biz/ - Business & Finance

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13079092 No.13079092 [Reply] [Original]

wait a minute
if everyone expects btc to go up to 100k then how high it can go up in reality?

>> No.13079111

>>13079092
>>13079092
""""Assets"""" with no intrinsic value can go as high or low as delusional retards are willing to push them with real money. A bet on bitcoin is, in essence, a bet against your fellow man; also, it's only that: a bet. You're not investing, because there's no rational valuation; you're gambling. Good luck!

>> No.13079631

>>13079111
So .....basically its like ruby or diamonds?

>> No.13079740

>>13079111
REAL MONEY REAL MONEY REAL
E
A
L

M
O
N
E
Y

>real money

>> No.13079787

>>13079092
It will break ATH in the next 3 years.

>> No.13079810

>>13079092

Judging from history, probably twice that. Most people seem to undershoot with their predictions of the next ATH. Of course you also have a few who go full-retard like McAfee and ruin the average.

>> No.13079826

>>13079810

200k Max ATH? That's still a 50X from today, not bad

>> No.13079966
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13079966

>>13079111
what has value, is what is demanded (speculation doesn't count because it's meta)

for it to hold value, it needs to have the right tool for it; fiat doesn't because it's based on nothing, so it can be valued/demanded anytime in the future, it's based on weak economical incentives.

bitcoin is a protocol, it doesn't go out of business, you only need one copy of the protocol+blockchain on earth to rebuild it, so it's basically there forever.

so if bitcoin is demanded, it means it will be used, and if it is used it can be worth any amount really (no maximum).

all you would need is a more user friendly interface to use bitcoin (example of recent successful UI: discord)

you would need optical fibre everywhere, with good bandwith, more satellite options, solar pannels everywhere and reduced energy cost, decentralized hosting and dns, more dev time on bitcoin git (includes upper layers), after which you could easily automatize a lot of business involving wealth transfer (it's dealt with on a case by case situation by businesses and their R&D department guys like me), which will grant the business more money (and yes less workers)

will it happen? yes
will crypto be used in that case? energy cost lowering in particular will make it worthy to rent computational power and increasing demand for free wealth, so yes it has to as long we're selfish

will bitcoin go to moon? no, but it will make anyone involved that didn't sold very wealthy and potentially influential depending on the number of btc owned