no, that's not crazy at all ... helicopter money is here now; the inflation will hit mainstream now ... in 2040 a car will cost a billion dollars
so ... no, it's not crazy at all to assume it will hit 1 trillion in about 15-20 years ...
because that's not how fast bitcoin is gaining value; but that's how fast fiat is losing its value ... that's the whole point
it might be that we now see a severe drop to compensate for the fomo bull run from last year, but even then ... it will keep on moving along that long term trend line, even if it's at the lower end of it ...
somewhere in between 2023 and 2029 it will cross the 1 million line and I wouldn't be surprised if it were to be sooner rather than later ...
place your bets, my friends !!!
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I don't think it will drop even more, although it might, in that case I just buy more, which is why I still keep some fiat on the side
but I actually think we'll see quite a steady uptrend for the next several months, even if we get a drop for the first couple of months
after that ... straight to the moon, yes, really ... just much, much slower than you want ;-)
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let me make my point; bitcoin exists to replace the usd dollar as the world's reserve currency ... part of that evolution is fiat crumbling; by the time bitcoin reaches $1 million, it will not be worth the same as what you could buy for $1 million today; that's a very, very important part of this equation here ...
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from november 2019; BTC ~ it might go as low as $4.800
there's a play-button on the chart, when you click that it will update the chart, so you can see how accurate it turns out to be; try it
it's easy to do; put on log scale ... obviously !?! then select the fib channel; it requires 3 reference points; pick highest 2 peaks and lowest low ... that's it
so easy, yet so valuable; you now know exactly within which margins bitcoin will continue its upward trend in the long run
Oh how I want to believe! :) Thanks for putting this chart together -- it really helps me understand value in this crazy market! This and the rainbow chart are my favorites (see moonmath rainbow chart). Anyway, thanks again and good luck.
by now it seems so obvious to me, for a large part because of this;
from november 2019; BTC ~ it might go as low as $4.800
there's a play button on the chart, when you click that it will update the chart, so you can see how accurate it turns out to be; try it
it's easy to do;
put on log scale ... obviously !?!
then select the fib channel; it requires 3 reference points;
pick highest 2 peaks and lowest low ... that's it
prefabsprout
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a lot can change by then. there's no reason to believe btc will be the future of money. it will and has played an important part, but so much can and will change in 20 years. just look at the last two months.
MichielVan_Kets
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@prefabsprout, true, there's no reason to think that BTC is in fact money, which is just fine, because bitcoin doesn't have to be money to become the next world reserve CURRENCY
let gold be the money, nobody will send a box with gold to the other side of the world to buy stuff; they will use crypto currencies
it's inevitable
prefabsprout
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@MichielVan Kets, yes they will use crypto, but will it be BTC?
probably not. Corporate big big money is the world ruler and they will create their own crypto that will do away with or permanently marginalize BTC and all the ideals behind it. Think through it.