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Bitcoin up $30k in a month...
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Neminem Laedit
Posted: 30 November 2023 19:45:10(UTC)
#1031

Joined: 17/09/2018(UTC)
Posts: 1,471
Tim D;287992 wrote:

It's quite amusing to see a Bitcoiner mocking such a prediction when so much crypto shilling also involves taking a recent bitcoin growth rate and extrapolating to project a $100,000 , $1,000,000 or whatever per bitcoin valuation will shortly be achieved.


If that's what you think, you clearly haven't been paying attention.

It's not based [naively] on recent growth, which almost no-one utilises in their forecasts.. It's based on far more sophisticated models, such as:-

Metcalfe's Law
Stock-2-Flow
Power Law
Gartner Hype Cycles
Total Addressable Market
On-Chain Analytics
...&tc.

And no-one claims that any one model is correct.

"All models are wrong, but some are useful." - George Box (statistician, 1919-2013)

But they all agree, now with 15 years of historical data, that : "the only way is UP, baby !"
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Neminem Laedit
Posted: 02 December 2023 19:28:55(UTC)
#1035

Joined: 17/09/2018(UTC)
Posts: 1,471
And...

Someone has bought $3 billion worth of BTC in the last 30 days...
https://www.cryptotimes....umulates-over-3-billion/
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ANDREW FOSTER
Posted: 02 December 2023 22:22:31(UTC)
#1036

Joined: 23/07/2019(UTC)
Posts: 8,101

Thanks: 11340 times
Was thanked: 18200 time(s) in 5967 post(s)


All crypto needs now, then, is an actual useful purpose.....
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Tim D on 05/12/2023(UTC)
Neminem Laedit
Posted: 02 December 2023 23:33:57(UTC)
#1037

Joined: 17/09/2018(UTC)
Posts: 1,471
ANDREW FOSTER;288287 wrote:


All crypto needs now, then, is an actual useful purpose.....


“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” - Satoshi Nakamoto, 29th July 2010...




Educate YOURSELF !

Start with GOLD.
https://dailycoin.com/bl...itcoin-as-digital-gold/
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Newbie
Posted: 03 December 2023 00:11:12(UTC)
#1038

Joined: 31/01/2012(UTC)
Posts: 3,816

Thanks: 6009 times
Was thanked: 7025 time(s) in 2602 post(s)
What bitcoin also needs is an endorsement from a major player/s.

After all as Marco Polo a very long time ago marveled at 'how the great Khan causeth the bark of trees, made into something like paper; to pass for money overall is country; ........."with such solemnity and authority as if they were pure gold or silver'.

The Europeans were dumbfounded not to mention skeptical by this at first . Nevertheless history shows us that the great Khan was ahead of his time and the result was the emergence of a Fiat Currency (which we know and believe today as the primary vehicle of exchange) backed by government edict rather than hard assets.

In the same way Debt is an instrument borne out of an edict and used by the leaders to signify, growth, development, control and manipulate the general public. These leaders are not interested on doing anything with this debt but to manage the public with it.

Issue is Bitcoin cannot be managed and is actually owned and traded by those who current leaders cannot allow for it makes the current issuers of debt and its subsequent power defunct. Just look at the GDP to Debt ratio of advanced economies who have shown strong growth in recent times.
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Neminem Laedit on 03/12/2023(UTC)
MarkSp
Posted: 03 December 2023 19:31:55(UTC)
#1039

Joined: 02/02/2020(UTC)
Posts: 2,176
It has an endorsement

Charlie Munger

Venereal Disease
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Neminem Laedit
Posted: 03 December 2023 23:00:38(UTC)
#1000

Joined: 17/09/2018(UTC)
Posts: 1,471
Tom 123;284715 wrote:

It will likely bobble along between say $3k and $40k for several years before stabilising at a level. Whether that's zero or a few $k who knows.


Yawn.... that didn't age well, did it?

Like 4 weeks... LOL

BTC $40.2K

Fidelity thinks 1 bitcoin could be worth $1 billion in 15 years...
https://www.coinspeaker....1-billion-2038-fidelity/
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Neminem Laedit
Posted: 04 December 2023 09:53:12(UTC)
#1040

Joined: 17/09/2018(UTC)
Posts: 1,471
Remind me again what the dinosaurs had to say?

https://cointelegraph.co...sses-berkshire-hathaway



R.I.P. dinosaur Munger. At least you admitted you didn't have the wits to understand it...
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Peter61
Posted: 04 December 2023 09:55:58(UTC)
#1002

Joined: 22/05/2022(UTC)
Posts: 428

Thanks: 721 times
Was thanked: 1107 time(s) in 345 post(s)
Neminem Laedit;288376 wrote:

Fidelity thinks 1 bitcoin could be worth $1 billion in 15 years...
https://www.coinspeaker....1-billion-2038-fidelity/


Which will have nothing to do with Fidelity planning to launch a bitcoin etf if the SEC gives the green light.

Pete
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dlp6666 on 06/12/2023(UTC)
Neminem Laedit
Posted: 04 December 2023 11:41:32(UTC)
#1003

Joined: 17/09/2018(UTC)
Posts: 1,471
Peter61;288409 wrote:
Neminem Laedit;288376 wrote:

Fidelity thinks 1 bitcoin could be worth $1 billion in 15 years...
https://www.coinspeaker....1-billion-2038-fidelity/


Which will have nothing to do with Fidelity planning to launch a bitcoin etf if the SEC gives the green light.

Pete

Even if they are exaggerating by 1000x, it's still the best investment anyone will ever see.

Do the math...

Here's another prediction (Back is suspected of being Satoshi, although he denies it)
https://u.today/bitcoin-...thin-year-or-two-details
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