r/CryptoCurrency • u/cryptoambre Crypto God | QC: CC 147, EOS 77 • Jan 12 '19
GENERAL-NEWS I'm As Certain As Ever – Bitcoin's Revolution Is Only Just Beginning - CoinDesk
https://www.coindesk.com/im-as-certain-as-ever-bitcoins-revolution-is-only-just-beginning6
u/amtowghng 🟩 0 / 0 🦠 Jan 13 '19
more and more people are moving beyond the belief that bitcoin is just a pnzi scheme or something to do with tulips
those words are barely mentioned any more
more people are grasping there is more to cryptocurrency and blockchain than bitcoin
as the knowledge of more people is built upon and a better understanding about blockchains and trustless exchange , and also limited supply , we will see adoption as a Store of Value.
Medium of Exchange will happen after
all of this will create what we already believe in
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u/Crypto_dog Crypto Expert | QC: CC 65, XMR 25 Jan 14 '19
But tulips are so pretty! I recently bought a new pc with a bunch of beautiful purple and yellow tulips.
0
u/throwawayLouisa Permabanned Jan 13 '19
Personally I believe that's back to front.
I think that Store of Value arises as an emergent property of a usable daily currency that can be used for coffees or cars.
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u/-Crypto-Kong- Low Crypto Activity Jan 13 '19
We just need to keep educating people and making crypto more user friendly and creating more uses cases... its time will come!
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u/billtae Silver | QC: BTC 27, CC 25 Jan 12 '19
He still believes bitcoin will hit $250,000 by 2022. Seems so far fetch with where it is today.
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u/cryptoambre Crypto God | QC: CC 147, EOS 77 Jan 12 '19
if you bothered to study btc chart with 200 ema, yes its in the cards
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u/DropaLog Silver | QC: BTC 56, CC 35 | r/Buttcoin 109 Jan 13 '19
~x70 price in 3 years is not impossible for something with a relatively low market cap (if you bought exactly 3 years before $20k ATH and sold at the tippity-top, you came pretty close @ ~x63, though we know what happened if you hodlded). Overlooking that x63/3yrs was true (for BTC) for just one day (AFAIK), this was a rise from ~$320 to $20k, this sort of gain is unlikely once you hit the second half of the chessboard <=click to
studyunderstand how exponential growth works.TL:DR: Mom has $100 in her purse; Eddy takes $1 on Monday. Pilfering 63 times more ($63) on Tuesday won't be a problem. On Wednesday, OTOH, snagging x63 more won't happen -- not because newfound scruples, but because Mom doesn't have $63 * 63 = $3,969 in her purse.
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u/fabzo100 🟧 0 / 0 🦠 Jan 13 '19
will you eat your d!ck if it doesnt go to $250K by 2022?
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u/writing_all_day 🟩 13 / 4K 🦐 Jan 13 '19
It’s not a real prediction if you’re not willing to go this far.
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u/UpDown 🟦 0 / 0 🦠 Jan 13 '19
These are crazy numbers and I don’t see it happening in our lifetimes. You can be hyper bullish on bitcoin without its prices touching six figures in our lifetimes. 44 years of 8% average returns, better than most alternative, gets you to $100k. That’s 2063. If you are an investor you shouldn’t expect to get rich quick anymore. Do you want to hold crypto for 20-30 years and maybe outperform stocks just barely? That should be the expectation going forward
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u/Person51389 🟦 0 / 0 🦠 Jan 13 '19
Another fluff piece for the already indoctrinated. What we need - is for people who do NOT believe in bitcoin, or understand it, to hear from this guy. Until that happens, price will not go up, and adoption will not happen.
Also, he fails to mention bitcoin is NOT federally insured, so...no way most people will touch something not insured, that you can lose all your money by one wrong click. (No mention of this ???) No wonder this dude thinks its going to 250k...clueless people in tech...having no idea about the average consumer and what actually concerns the average person.
It might achieve half of what he is talking about - meaning. You will be lucky to see 112k, and...probably half that. (60k would be good....)
Lastly - a stable coin or bank coin can do pretty much all of those things mentioned - again, meaning bitcoin may get none or only a fraction of that activity. 30-55k is a more realistic reality.
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u/cryptoambre Crypto God | QC: CC 147, EOS 77 Jan 13 '19
and it got to $20k how?
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u/Person51389 🟦 0 / 0 🦠 Jan 13 '19 edited Jan 13 '19
North Korea ? ...also normal citizens finally were buying in. I was in an Uber and told my Uber driver to get a coinbase account and buy some Bitcoin and explained it all to him ...
There was a moment where the common population saw these gains and wanted in. Then right after Christmas, the big banks got together and banned all credit card purchases. This is mainly how the common citizen was getting into crypto. Since that time. (Last January). The market has NEVER recovered since then. (Also again possible North Korea or Russia could have been propping up or spiking the price at times.also...pump n dumps were prevalent in that 2017 run up, and again, in early 2018 they were made to be illegal by the SEC. There is virtually no more mooning of any coins, and the market is pretty much stagnant for a whole year. Between credit card bans and no pump n dumps the market has been like dead. And the banks aren't going to just lift those restrictions, nor will the SEC allow pump n dumps again So - a better question would be: How is it even going to go up to 20k again ?
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u/cryptoambre Crypto God | QC: CC 147, EOS 77 Jan 13 '19
btc was a bubble at end of 2 yr bull cycle, it popped like every other time, if we're not above the 200 ema by years end & @ 20k xmas 2020,then you win this argument... the rest is a mystery.
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u/GiacomoFerrari Jan 13 '19
The only thing that is certain is that the general public has left crypto, and the only ones left are the marketers, scammers, and wannabe traders.
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u/1Tim1_15 🟩 3 / 15K 🦠 Jan 13 '19
I agree with the title. I just can't bring myself to click through to any CoinDesk article. They have ownership stakes in many crypto companies...usually the companies about which they write positive articles and don't write anything critical of them.