Care to explain what about his math or the hypothesis is wrong? Presumably you know more than this quant who manages billions of dollars on how to model things like this. disclaimer: no clue if he’s right, but dismissing it out of hand for no reason is silly
Just sit back and wait on your $7k investment to turn into $100 trillion. Let me know how it works out.
I don’t own any fct and made money on it when I did if you must know. Your schtick of pretending to know more than people who have spent countless hours learning and studying about this is tiresome. It’s not my job to convince you. I can only supply resources that you’ll refuse to read, consider, or give any meaningful thought to.
Gold guy with tons of years in the industry giving his thoughts: https://podcasts.apple.com/us/podcast/the-what-bitcoin-did-podcast/id1317356120?i=1000454514419 he’s probably stupid though too
From whatever all time high I had? Sure. I got out well before it’s current price. and what on earth does fct have to do with our current discussion? You’re obfuscating as usual.
Do i need to go back to 2017 and quote your posts from them? They were very similar to these. You know everything and everyone else is dumb.
No if I could read the future I would’ve sold when I had over $1m in holdings. You are dumb. Or misinformed and purposefully ignorant at best. I’ll continue a back and forth with you after you’ve read some books and listened to a few podcasts. Until then, this is a complete waste of my time.
Satoshi Nakaboto: ‘John McAfee reiterates dick-eating $1M Bitcoin price prediction’ Bitcoin’s path towards $1 million On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020. He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 92.4 percent behind being on track. Bitcoin‘s price should have been $110,565 by now, according to dickline.info. https://thenextweb.com/hardfork/201...terates-his-2020-1m-bitcoin-price-prediction/ Wonder how McAfee's feeling right now?
Serious question; what is interesting about that? Bitcoin is still relatively new to a lot of people so it makes sense to tie it to a well established benchmark in order to explain its value to those who don’t understand it. However using the USD as a benchmark does nothing to limit its future potential. I am curious your reasoning behind dismissing using the USD as a benchmark.
McAfee is a fucking loon. Guy has done so many bath salts I don't think he knows what planet he's on. The behind the bastards pod on him is amazing.
Jeff Bezos, Warren Buffet and Bill Gates told me the same thing, no way they are using a currency with massive amounts owned by a small group of individuals.
I think you saying people once thought an ounce of gold would go for a billion dollars is ridiculously stupid and completely unrelated. Gold is presumably a finite resource but we don’t “really” know how much gold is on the planet. People have mined gold for thousands of years, all over the world. Placing your statement in any sort of context is virtually impossible. Just a high water mark for ignorance which is why I said yikes. My guess is that you are trying to relate this to prospectors in the 1800s, which is a very bad comparison. Those people weren’t speculating on gold having value, they knew it had value which is why they went at such great lengths to mine it. How you are jumping to the conclusion I think $1 million prices are realistic is another strange leap. Maybe it will hit that, maybe it won’t I don’t know either way, neither do you. I’m certainly not betting on it reaching that point, but hey it’d be a lot cooler if it did.
There is something like $200 trillion in dollars in the global economy. Buffett, Bezos and Gates combine for about $300 billion, or 0.15% of all dollars. This is quite a bit less than 1/18th, or 5.5%
No, I'm referring to people that invested in it at some point in the last 100 years. "Let me put my life savings in gold. It's going to the moon! Buckle up!!!" Bitcoin is no different. Some people have completely unrealistic expectations yet they are positive it's going to happen. Ok so I'll put you in the "He actually thinks Bitcoin will get to a million lol" group. Good luck with that. Pro tip: It won't
Using Leroi’s numbers a satoshi equivalent would have like $10 trillion in cash. Orders of magnitude of difference.
One big issue is we don't even know who the guy is. He could be the head of ISIS for all we know. Yea, let's put him in charge of the world. Brilliant idea.
That's the combined market value. That's still saying 1 BTC is worth 4.7mil which sounds insane (assuming my math is correct). Work: $100,000,000,000,000 / 21,000,000 BTC ===> $4,761,904/BTC
For the most part investing in gold over the last 100 years would’ve been a good investment, outside a few periods. https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart You are so dramatic. Saying itd be cool if bitcoin does well doesn’t mean I’m maxing my credit card acquiring more. I currently own about $2 in bitcoin, leftover from sports betting transfers, so yeah I’m quite the fanatic!! The fact I don’t “know” it won’t hit $1million makes me a dumb? I’ll take it I guess. I’m sure if you were paying attention over the last decade you’d have been skeptical it’; reach a dollar or $100 or $1000 too.
I never said Bitcoin can't/won't be a good investment. I'm cool with a Bitcoin is the new gold analogy. I just laugh at this stuff:
In 2015, btc was at like $220. It has reached $20000. Totally crazy to think it could reach $100k though.
I'll have to do the math when I'm not on my phone But I seriously doubt gold performed anywhere near as well as US equities, which would be the appropriate comparison for an investment.
It’s going to be virtually impossible to prove this either way without choosing a fixed starting point on the 100 year timeline. also I really don’t care, just wanted to burn DBL’s 2504728th strawman in this thread.
Silk Road went down like early October 2013 at which time the price was between $140 and like $110. By November, it was trading over $1000. Obviously Silk Road had a huge negative impact on it...
Let’s also not pretend that that the rise in BTC price over the last few years has anything to do with illegal activities.
It’s also hilarious that a negative of btc is the idea that people have used it to do illegal things when it is an easy money to trace. https://www.google.com/amp/s/www.bl...n-site-is-busted-as-u-s-follows-bitcoin-trail I wonder if US dollars are ever used for illegal transactions. I wonder what the fed would prefer to be able to track: btc or cash?
I never said that was a negative, just think it’s funny it’s trying to be glossed over. I think BTC owes a lot to the dark web.
Which part does it owe? The $30 crash from 140 to 110 the day Silk Road shut down? Or the $7300 gain since then?
Are you being an obtuse cunt on purpose? How about when Bitcoin was worth a dime months before Silk Road opened and then peaked at $30something a few months after. Or maybe Silk Road giving BTC its first popular use that USD couldn't do also
But what does that have to do with the fact that it's currently priced above $7k? What point are you actually trying to make? No reason to be cute about it. Just say what you have to say on what you believe btc and illegal/illicit purchases have to do with each other. Do you have a point? Is your sole point that btc was used on Silk Road? Cool I guess, but I'm not sure what that has to do with much of anything.
Space exploration is cool and all but it’s hard to appreciate when you consider the advancements made by the Nazi rocketry program. Ipso facto spaceships are for nazis!!!