Noone knows and to answer this question is like asking how much a dollar or money is worth. Money is NOT the thing of value itself, its used as a medium of exchange for things of value. Currently the most value in bitcoin lies as a decentralized and trusted medium of exchange in places where governments cannot be trusted.

Just the beginning. We'll see 2k again soon. Hell, maybe even sub 1k.

A dollar is worth what you can trade it for. So is a bitcoin. So is everything.

Bingo

Gotta figure there's what, at least 30 million users registered on exchanges? At $2,000, that's a $32bln marketcap. Unless regulators intend to shut down exchanges, which seems unlikely given recent events, I think your prediction is absolutely insane. But what do I know, surely your assessment is grounded in sound logic and not picking a random number out of thin air.

I've seen a few videos of Andreas Antonopoulos including the Joe Rogan podcast and would not call him unbiased and fair. Imo he said a lot that was either misguided or straight up wrong, economically speaking.

Really I'm genuinely curious as to what, would appreciate if you could point them out

It's not possible to determine this. It's difficult enough to separate speculative demand from "non-speculative" demand (for one thing, try defining it*). And then it is even more difficult to determine the impact of these different types of demand on the price. You'd have to run it through something like Fisher's "Equation of Exchange", with some estimate of what the "velocity" would be in the absence of speculation. How would one ever be able to quantify this?

* Even purchasing bitcoin for use has some element of speculation. The buyer expects the purchased amount to satisfy a particular end, but that amount may prove to be too much or too little at the time it is used.

Before I got into bitcoin I could hardly buy a guitar. Now I have an entire recording studio. Bitcoin changed my life.

The irony is strong in this post.

I am 90% convinced bitcoin goes to 0, I am 99% convinced altcoins go to 0. The governments of the world don't what that anarchist bull****.

Should probably go short it on bitmex then bud, can even do 100x leverage. Think how rich and smart youll be.

think 6XXX is well in play by middle of next week

This could be the opportunity of the year

Is Bitcoin so low now because if you have to sell your worthless alt coins then you mostly have no choice but to convert it to BTC then you can sell it whatever way possible to fiat.

In this regard if all the terrible altcoins, 98% of them? had to crash then as a result Bitcoin has to crash because of the pairings to convert it to peoples usual fiat?

That's just me thinking out loud, I really don't know.

People in this thread have to stop speaking so matter-of-factly. Everything in life is a billion shades of grey and not as black and white as human brains are geared to justify everything they process. That's about as deep as I get btw.

Just bloody stop the pompous posting, both sides of the fence, there is nothing worse than 'intelligent' stupid people. They are by far the most insufferable. Academic intelligence is vastly over rated and over valued in society today in an almost collective acceptance that it's the most important when it's really not. You're much more unlikely to be a happy human being because you place your self-worth above so many others.

That's my general feelings from some of the things I've read. I might come across like a bit of a hypocrite but I'm just venting at the smug and shallow posts

What’s about to happen, don’t fear it

Accept it. Embrace it.

If you put those policies in place in the USA, you really think in will drive up gdp growth given the structural differences in the USA to whatever countries you compare it too?

If bitcoin hit 2k people would buy it up like crazy. No way it goes that low.

Swag,


Why 2k? Why not 10k? 8k? 6k?

Why is 2k (or whatever number) the amount where you think people would buy it up like crazy?

same old arguments being brought up in this thread yet again. Dicsuckers sealed shut when BTC doubles in 2 weeks but climb out of the woodworks when it's correcting...this thread is almost a fantastic gauge for when to buy Dips.

Oh my God, I've lost sooooo much money. Nooooooo. Bitcoin! Why?! :'(

I have some buy orders in case bitcoin goes even lower. Remember 2 months ago when everyone was celebrating it going over $9000. Now it seems low. This is brutal though. I had $60,000 worth of Bitcoin once. Now it is much less. $60,000 is a lot of money for me too. Ugh, so sad.

This is the craziest swings of networth I've ever experienced in my life.

What a journey it has been and still is. Bitcoin has helped me realize how unimportant and important money is at the same time. Money is important because of all the things you can buy with it and how it keeps the world moving. On the other side of the coin you see that money is just a numbers game. I don't know what else to say. There aren't really words to explain how significant and insignificant money is at the same time. It is weird to see people spend their whole lives trying to make a certain amount of money while at the same time someone craps out 10x that amount in months/weeks. It is eye-opening. Like damn, money is so pointless to focus your life on. But at the same time it is pretty important for everything.

On a side note, I've been watching Goosebumps on Netflix. It is a spooky show for children, but I'm still enjoying it. I'm watching it. Some of the episodes suck, but some of them are actually good. I like the one where the dad makes plant clones of himself and tries to feed his kids green-plant-mush-crap food. Sharknado is another masterpiece.

I'm getting off topic, my bad.

The weird thing about me is that I know very little about investing and everything I've touched has turned to gold. I'm a money making machine and I'm pretty sure I'm just getting really ****ing lucky. I just look at stuff I know and go "Is this cool, will we use this in the future? Will it grow?" I know dip-**** about evaluating companies other than shares * price = marketcap (how much the company is worth). I know P/E ratios somewhat... meh though. I just figure people that know more than me will price stocks kind of right. Is Buffalo wild wings worth 400 million? 2 billion? 10 billion? I have no idea apparently the people that know stuff think it is about 2.438 billion. I'm not going to buy buffalo wild wings though. I'd rather get other stuff.

In a few months I'm going to invest in a company that makes plastics. Why? The better question is why the **** not. It is going to drop because the Yahoo Finance thingy says it is going to drop and I'm going to buy once that happens. It seems stupid to follow the Yahoo Finance thingy because if it was that easy then everyone would follow it. I have watched it though and it seems to be right a lot so **** it. I don't know how or why it predicts what it predicts, but it seems to be right. I'm going to buy and HODL until I'm 40 some years old or so. Maybe earlier or later. Oh well.

Bears, Bitcoin is really awesome guys. It really is. Just have fun and buy some. You bears are like booooo Bitcoin, but come on guys. Join the fun.

Imagine Bitcoin is a picnic. A group of us are going to eat some food on the green hill in beautiful nature. Come and join us bear. Bear refuses. No. It is not practical. I can eat in my home. It is closer, easier to prepare my meal, and I wont have to sit in the dirt. You are a moron for going on that picnic. Poor bear. He just missed out on a picnic.

I don't know what the hell I'm typing anymore. I need to go to bed probably. I'm not going to proofread though, because meh. I like the word meh. It allows me to not explain myself when I don't feel like it.

Lol I'm 60% sure you are pulling a higher quality version of Pauly type trolling on this thread, well done.

Bingo!

Congratulations you can be a crypto expert on Twitter now

The money will do fine

If you're going to invest in something for 30 years you'd be better off in an index fund.