/biz/ - Business & Finance

>>4553334
yes

no

Probably not. A better coin will take over as #1 within the next 5 years.

>>4553334
yes

>>4553365
this
bitcoin in its current form will be replaced if it has no real world use

It needs a 20 trillion market cap

yes.

>>4553334
YES

>>4553334
Unironically yes but just because USD government cuck money will crash and burn.

It won't reach $1m in 2018-dollars.

Probably. 100k for sure.

>>4553582
bitcoin is already worth billions of bolivares

>>4553334
1 million of what?

>>4553334
Lots of things would have to happen, for this to happen.

For crypto to take off at all, or to continue much further the way it's been going, we pretty much need a fiat crisis.

If that doesn't start within the next year or so, we're gonna go into crypto winter, and crypto won't emerge again until the crisis.

>>4553408
What's the market cap of Forex? I know the daily liquidity is about 5-6 trillion USD, but what's the total circulation?

No. It would likely never reach that market cap, and it's future replacement (whatever that will be) will have taken over by that point

>>4554005
>it's future replacement (whatever that will be) will have taken over by that point
yeah you newfags keep saying this, but it's just because you're sad you missed out on buying even just a few of em

>>4554039

Nigga I got 5 BTC I'm doing fine, but I'm smart enough to know that first-mover advantage doesn't last forever

>>4553968
nobody knows

>>4554098
uh huh

>>4553334
No.
None of the faggots that say it can did the math. Mining would burn $657 billion a year at that price. Where's the money supposed to come from? That's an astronomical amount.
Bitcoin is never going to be 'digital gold' or whatever.

Has a stock ever gotten to $100k per share? If not, why do people think Bitcoin could?

>>4554239
because muh future decentralized world wide currency fiat will burn

>>4553334
Yes realistically by year 2024 at the earliest, and almost definitely by 2030.

>>4554223
Well miners will just be taking fees eventually so mining can't burn more than the fees / what people are willing to pay to use the network

>>4553699
>Do you think Bitcoin will reach 1 Million Dollars.
>1 million of what.

What did he mean by this?

>>4554239
...

How many watts to supply this bloat system?

>>4553334
>consider a future 500 sat/b tx fee
>average tx size 750 bytes
>btc at 1 mln
>fee = 500e-8*750*1e6
>fucking 3750 USD
nope.

>>4554363

Irrelevant anon because it's MONEY OF THE FUTURE

Seriously though BTC needs to adopt something other than PoW eventually or they're gonna get passed

>Do you think Bitcoin will reach 1 Million Dollars.
Bitcoin can reach 1 million gullible fomo normies... yes we can.
Why are you putting money in a dino-coin. You into nostalgics dawg? Did you drunk the koolaid?
We all know this coin has no future... try sending me 1 with 30 dollars bet you can't.

>>4553334
yes. first to market advantage is near impossible to shake. even if not the top, it will be a top coin and worth a fortune.

I am holding btc's because normies give it ''value'' while it has zero utility value. Like a dollar bill which is nothing but paper backed by a belief.
The value meme that the media is giving will slowly die off. There tons of coins out there that backed by real gold like onegram, zengold etc.
But who is gonna buy groceries with gold, or silver?
Bitcoin right now is nothing more then a pyramid shilled by media, wallstreet, institutional investors.
I could go on and on why bitcoin is a just a prototype and it's true i mean come on. We are the age of atomic swaps, smart contracts etc.

anyway i'm out tired explaining shitcoins to normies.

>>4554498
this. even if BTC is dethroned, which it won't be, it'll still be worth a shit ton of money in the future due to its first mover status. period.

>>4554239
look up stock splitting ya dummy

>>4554333
Sorry kemo sabe, your currency is one of the worst shitcoin around.

>>4553334
https://pastebin.com/ZUxTmR99
3. CURRENT CAPITALIZATION OF THE BITCOIN 35,788,210,511 USD
FOR EXAMPLE RUSSIAN BILLIONER ALISHER UZMANOV MAY BUY THE HALF OF ALL BITCOINS
USA MILITARY BUDGET - 611,000,000,000 USD
USA DEBT - 18,984,100,000,000 USD
GOLD IN THE WORLD 31553,2 TONS = 1,278,960,782,690 USD
BITCOIN SIMILAR TO GOLD FOR ACCUMULATION AND SIMILAR TO DOLLAR FOR MONEY TRANSFER
THE ONLY THING THAT PREVENTS THE BITCOIN FROM BECOMING A WORLD CURRENCY IS ITS LOW COST
AT THE PRICE OF 10,000,000 USD FOR 1 BITCOIN IT ALREADY CAN REPLACE DOLLARS

BCH will go 3k in the coming week.

>>4553334
We all joke about flipping this and flippening that, some even take it seriously, which they should of course. But the truth is the most likely coin to flip btc is going to be eth.

>>4554342
>implying that price wasn't manipulated and set by the old wrinkly scrotum kike drilling fuck
>450B market cap

kyss

>>4554996

>>4553334
Honestly, yes. The fact it is money that no individual country has jurisdiction over means it is a prime candidate for circumventing a lot of the problems with international banking and investment. Honestly, 1 satoshi hitting 1 US cent seems pretty plausible. It could happen. But then, the governments of the world could take a huge dump on it if they really wanted to.

>>4553334

YES

WE WERE ALL MEANT TO MAKE IT

>>4553334

I did some napkin math on this a while ago because a stupid normie told me "analysts said it would reach 1 million eventually".

For BTC to reach 1m, about 1/20 of the world's wealth would have to be put into it and that's with today's supply and assuming everyone would sell every piece of real state, stocks, etc and put it there.

So, short answer: no.

>>4555273

FUCK YOU

STOP SHITTING ON MY DREAMS

>>4553776
Lad, it's started. Did you really think you could wait for television news readers to say "Fiat's crashed" before you knew for sure?

>>4555273

replying to myself. L

Long answer: maybe, but not in our lifetimes. Maybe when we are mining asteroids and humankind's economy explodes, but then 1 million will be like $20 bucks.

>>4553334
Yes, Dollar will hit 1/1,000,000 Bitcoins in next few decades.

Yes but you will be considered a terrorist and subject to instadeath if you are found to be transacting in it. Somehow the privacy must be enhanced

>>4555273
That is the most ridiculous analysis here
The world has 16 million millionaires and the total circulating supply for bitcoin is 16 million
So if all the millionaires put their wealth in btc it would go 1 million
This is very conservative because
1) Many are billionaires. trillionaires
2) Many just hold bitcoin long term so less capital would be needed to make it go to 1 million
3) If any country adopts btc like zimbawe all these numbers will be too small

>>4555273
1. Global economy is not a zero-sum game. It can grow beyond its current total
2. You used GDP totals not global wealth. GDP is just single annual output.

I still think a 1mn coin is unlikely without major dollar crisis, but your napkin work is flawed.

>>4553334

It sounds like unbelievable now, but people also told me that when I said Bitcoin was gonna be 10k by the EOY in April.
Bitcoin is a revolution. It's not gonna stop. The only thing stopping it is people dropping it on Masse for another cryptocurrency that gets mass acceptance, but none of them have a brand name yet. Normies know about Litecoin maybe, and it could be the Hipster coin to Bitcoin, but Bitcoin is gonna stay the king.

We only need to wait for normies to get in slowly

>>4555327

Literal retard detected.

>>4555330

I know, that i why in my reply I explained it could happen, but not in our lifetime and only at a point where 1m will be peanuts anyway.

You don't even know which numbers I used and you are trying to refute. Classic biztard.

Would BTC even be ALLOWED to go to 1 million dollars in the first place given that there's plenty of current addresses as is that already own dozens of BTC? If these guys sold wouldn't there be trouble, and wouldn't the thousands of mugs with 0~3 BTC have too much purchasing power (in the off chance BTC gets widely adopted)?

>>4555373
I was doing you a favour by assuming you used GDP, because by any other criteria you were laughably way off the mark. Pretty sure it was GDP, though if you want to show what numbers you did use (if any) we'd be happy to point out your mistakes.

1 million is really optimistic but how about BitCoin at $50K?

>>4555428
If btc cannot reach 50k in 5 years then crypto as a whole may not sustain the required growth.

>>4555273
>For BTC to reach 1m, about 1/20 of the world's wealth would have to be put into it and that's with today's supply and assuming everyone would sell every piece of real state, stocks, etc and put it there.
Yes. more than 1/3 world's wealth it heavy investment bags

>>4555497

I expect that within 1 year actually

>>4555516

>>4554239

Ever heard about xcelera?

>>4555396

Who is gonna prevent it? The point of Bitcoin is independence from the banking system to get a true wealth distribution.
Also keep in mind that 8,000,000 coins aren't mined yet.

>>4555526
That would be unsustainably bubbly. 24k by eoy18 should be the upper growth target. Maybe 2019 will find 50k. But for those who remember 2014, there's always the expectation of black swans and a 15 month slump.

>>4555516
>Using actual money that isn't borrowed to trade

what year is this 1995? lmao

>>4554920
thank u for this share anon. i did not realize how much of a risk derivatives contracts pose to global economy

buy BTC, ETH and silver brainlets

>>4553391
Gold does not have any real world use either.
Sure its "against satoshis will" but lets face it. there will be better solutions for a decentralized currency.

And as a store of value, its the logical since it is the first crypto.

>>4555590
>ETH

>>4555604
Gold has many industrial abd commercial applications.

>>4554920
just use this picture lad

Bitcoin will be replaced within the next few years. Get your gains while you still can, this cash cow won't last.

>>4553334

BTC in the future will not be used as a currency but as a story of value, think of a Gold 2.0 but with more liquidity and efficiency.

Not anytime soon. New coin emission schedule needs to peter out a bit so mining doesn't suck up inordinate amounts of power and create a worldwide energy crisis

>>4555666
less than 10% of gold consumption is industrial, if the value was tied to actual uses of gold for its physical properties, it would be worth significantly less.

>>4555273
Not unreasonable

>>4555674
The reast and Ethtrium is pecreleated

By the time bitcoin will hit 1 million.... you prob will pay 15k in transaction fees.
By the time bitcoin hits 1 mill will we still be mining with asic miners? Will bitmain still exist?
By the time bitcoin hits 1 mil, the majority of the coins prob moved to proof of stake.
And lets not forget bitcoin protocol poses a serious security when we enter the age of personal quantum computing. There is a 1/14 chance bitcoin protocols can be hacked with modern day Dwave quantum computers. It's just not practical to do so.
The Central banks are already developing their own state issued digital cryptocurrencies. It's no secret. Digital dollar on the blockchain is coming. Digital RNB backed by gold is coming.

I don't see a future for bitcoin the prototype coin
The bitcoin core team is too divided, greed is 1 key factor. The division will lead to countless forks.
Countless forks, slow transactions speeds, very expensive fees, outdated tech, divided team, speculation from wallstreet.

>BTC in the future will not be used as a currency but as a story of value, think of a Gold 2.0 but with more liquidity and efficiency.


LOL @ liquidity and effiency

>>4555904

>>4555294
It's already worth $8,000 though so saying it would only be worth $20 of today's money in the future once accounting for inflation is... not smart?

I'm starting to think your napkin math might not take everything into account

>>4553334
if by btc you mean xmr then yeah bruh

BTC is stupid, look at the facts. It doesn't scale. Transactions cost 5+ $. It takes hours to confirm. Why is this better than the alternatives? Because of the name? Fuck the name! Bitcoin is doomed, these issues should have been solved years ago. On face value, who the fuck would want this? Banker controlled bullshit, when it need not be.

many people think or hope bitcoin will hit $15-20k next year

But there are a ton of great stocks in Asia that could double or more in 2018, the market index alone will end the year up by 30% with stocks that are still far cheaper than in the US with 2018 looking to be just as strong.

JD, YY and Unicharm for example are nailed on for minimum 30% growth

Why the hell not move out of bitcoin and into healthy shares and watch that compounding growth?

We all know when bitcoin crashes there will be no survivors(-50% minimum), why wait until that day? There isn't going to be another year of 4000% returns...

>>4553334
I don't think so. Jews will shut down the entire internet before that happenes.

That jump to 8400 was totally natural, nothing to see here, trade on. Buy! BTC will definitely never crash to ~3000 in the next few months. No whale would want you screw over the little man, it has never happened in history.

>>4555604
>As a store of value
There's already something for that. It's called Gold.

>>4553334
No. Anyone that thinks it will is delusional. It doesn't do anything. Literally nothing, and you expect it to be valued at $1 million?

>>4553968
Actual printed dollars? About 2 trillion.
Dollars in circulation after Jewish Federal reserve tricks? 50 trillion.
Including other assets that are traded in dollars? Nobody knows.

>>4556271
Do you know what literally means?

It won't ever reach even 30k $, 2018 will be the year the focus of the markets will slowly start shifting from bitcoin to alt-coins.

>>4553334
yes, because I hope so then I can retire.

>>4553365
This is what people who know nothing about how cryptocurrencies actually work think.
They learned a little bit and then they think they know everything.

>>4556329
My dream come true

>>4555560
4.3 Million remain

>>4556329
SHOO SHOO STINKY LINKY

>>4556219
It's going to 10k to BTFO the shorters.