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52729672 No.52729672 [Reply] [Original]

realistically is 1 BTC enough to make it? If BTC goes anywhere near mainstream I feel like 1 BTC can easily trade for a million dollars.

>> No.52730104

Its not enough to make it but its enough to be somewhat ok in the future

>> No.52730627

>>52729672
What would the market cap of btc be if it was worth 1 million

>> No.52730791

>>52730627
>>52730627
$21,000,000,000,000

($21 trillion dollars)

>> No.52730815

Making it means at least $1M (for 3rd world) to $10M (1st world). Bitcoin will NEVER get to $1M (with the current purchasing power). Best we can expect is $100k. So no, 1 BTC is not enough to make it.

>> No.52730839
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52730839

>>52729672
No, you need atleast 10-15 Bitcoin and even that is quite a stretch since it might not even reach 100k after the 2024 halving

>> No.52730967

>>52730815
>Bitcoin will NEVER get to $1M (with the current purchasing power). Best we can expect is $100k.

Funny how so sure you are

>> No.52730997
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52730997

>>52730967
Bitcoin in December 2017: 20k

Bitcoin in December 2022: 17k

And that's with global record inflation after half a decade, so the real inflation adjusted price is somewhere around 13k. I used to believe the 1 million per bitcoin meme too...

>> No.52731170

>>52730997
Im not a moonboi or crypto bro but its simple mathematics, bitcoin will gain value over time so long as the current system of monetary policy we've had since the 1970s remains, which is most likely will

>> No.52731191

>>52731170
Imagine holding for more than half a decade and going underwater on your investment.

It's not even a "moonboy" argument, Bitcoin got outperformed by boomer index funds while being 3000% riskier. Is it so difficult to admit that Bitcoin has been a complete shit show for the past couple of years?

>> No.52731225

>>52731170
people vastly underestimate the number of degens who will keep on gambling all their money on crypto because they live in a world where that's their only chance of making it.

>> No.52731232
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52731232

>>52730997
>>52731191

>> No.52731287

>>52731232
5 years for bitcoin is a very long time considering it is 12 years old or so

>> No.52731290
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52731290

>>52731232
>Bitcoin never goes lower than it's previous ATH
>ummm this time it's different bro!
so...do we just adjust the Bitcoin rainbow chart now?

>> No.52731300

BTC is already mainstream as fuck though

>> No.52731325

>>52731287
2 more decades
trust the plan
the banks will be defeated
satoshi is in control!

Q

>> No.52731344
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52731344

>>52730791
Imagine thinking this is realistic

Even if it does, 1m will be eq to 100k today

rofl lmao

>> No.52731393

Most people don't realize when BTC is 1 million, 1 million won't equal 1 million

>> No.52731399

>>52731290
when did I ever say that

>>52731287
point being

>> No.52731417
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52731417

I have revised my chart, maybe this will make the point I am making more clear

>> No.52731435

>>52731399
who cares you're just normalizing the fact that Bitcoin goes lower than the previous ATH despite the fact that every single one was saying it was mathematically impossible and people were calling for 500k in 2017

The goalposts just keep moving on

>> No.52731439

>>52731417
Based chart, saved

>> No.52731442

>>52731417
holy cope

you're beyond repair lol

>> No.52731449

>>52731232
Kek

>> No.52731457

>>52731435
it typically loses a shit-ton of value relative to the past ATH during the summer. this time it's a bit different because the traditional poomp will likely not happen in Q1 2023. not a problem, i'm fine if btc crabs at current prices for a decade or longer

>> No.52731467
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52731467

>>52731344
an energy sink worth more than the economies of china, japan, germany, and india

>> No.52731474
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52731474

>>52731457
so I guess we're at the acceptance stage right now....

Bitcoin getting outperformed by boomer markets is normal and we just need to be happy about it. My God how the turntables...

>> No.52731479

>>52729672
>If BTC goes anywhere near mainstream
is this 2012?

>> No.52731490
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52731490

>>52731442
>>52731435

>> No.52731497

>>52731474
>conditioned by jew media to expect a yearly exponential BTC rally
>it doesn't happen due to various factors and (((factors))), gets blackpilled
>wealth outlook not already measured in decades and centuries
ngmi

>> No.52731515

>>52731497
I'm not "blackpilled" and i'm not selling my Bitcoin but i'm so fed up of seeing retarded cringe cope.

People still act as if Bitcoin isn't already mainstream and can still pull a x100 when we'll be lucky if we have a pathetic x2 after the 2024 halving. Some can't seem to grasp the diminishing returns concept

>> No.52731603

>>52731515
bitcoin is unironically NOT mainstream. apart from a couple irrelevant nigger nations who adopted it as a currency, and a very small percentage of people "investing in crypto" on jewbase, any random boomer family member you talk to will either not know what you're talking about or not care

i doubt it'll 100x, but i do think we're at the stage where it takes longer to normalize the exponential jumps. 1 => 10 => 100 => 1,000 was easy enough because it was easy to think of "buying 1 BTC" at a fathomable price for a speculative investment

100,000+ will necessarily be slower because nobody outside the ultra-wealthy can imagine dropping 6 figures on a representation of value secured by a cryptographic keypair. the feature of bitcoin-qt to display as mBTC, has to be adopted as the thought paradigm, the logical conclusion being that BTC price is eventually expressed as single satoshis

meanwhile the whole thing could easily fail completely or be dealt a deathblow so serious that it's relegated to an irrelevant geek curiosity with the same status it had in 2009-10

>> No.52731675

>>52731417
Except Bitcoin has literally never gone below it's previous ATH before. It literally is different this time. It's not like buying in 2014 anymore. If anything the 2017 run was bait to get as many people to buy in at the top of the century long equities bull run.

>> No.52731691

>>52729672
If BTC goes mainstream you won't want to exchange it for dollars.

>> No.52731693

>>52731603
No one who has hundreds of thousands or millions liquid needs to take on that kind of risk. The value proposition is gone and hence the dome collapses.

>> No.52731695

>>52731675
wether or not btc price stays "above its previous ATH" is meaningless dude. You guys keep trying to argue with me like I have any stake in that and I don't. If you think that's what my doodle is saying you are missing the point

>> No.52731718

>>52730839
There's always the possibility JPOW nuked this cycle midway, and the next one will be less tempered. Maybe we will see the reverse of 2021, with everyone expecting a $90K top, and then it unironically blazes off to $200K.

>> No.52732479

>>52731691
Depends on how widely and easy it is used as an option for payment with an emphasis on 'easy'

>> No.52732493
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52732493

>>52731474
We are at the stage where the entry barrier is being lowered for everyone to get involved

>> No.52732856
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52732856

>>52730791

>> No.52732869

>>52731225
More applications will be drawn out of crypto. Your view of the space and the technology in general is quite myopic

>> No.52732898
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52732898

>>52732493
It's a process

>> No.52732944

>>52731467
an asset's total market cap value of the output of major economies over just one year is entirely possible, nerd.
the current value of the world's bond market is about 120 trillion
the market value of the US stock market is 46 trillion. gdp is 22 trillion.

get fucked.

>> No.52733082

>>52732493
Aikon's digital ID system is making a good delivert on that

>> No.52733106
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52733106

>>52732944
>market cap lower than five years ago
>dude it will x100 in just two more weeks!

>> No.52733966

>>52732869
A lot of application is being drawn out already, It just remains to be seen easy people can get onboard, with quite a lot of complication for non-tech or blockchain savvy persons

>> No.52736169

>>52731300
Based anon, BTC is going to do even more numbers in the next bull run and I'm doing my DCA in anticipation. Alongside some low caps like Ar, Sylo and FLUX for long term profits