Plain and simple this is my theory as to why Bitcoin could exceed expectations this cycle.
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Make sure you watch the whole video to fully hear my thoughts…
Do YOU think people are UNDERestimating or OVER estimating Bitcoin's top?
When we recently broke up out of the falling wedge, and considering the sheer percentage size and speed of that move, really puts into perspective a few things including how early we are into adoption, where fair market value will lie when the adoption curve flattens, and the time line for adoption. I can see one Satoshi being worth $0.01c at peak marginal rate of utility (utility being saving not spending), which puts one Bitcoin at $1M. At that point though, it will be for compared to fiat for 'old school' benchmarking only, as it will have its own purchasing power parity measures by then.
The biggest question is the time line for that, as it always surprises everyone and I don't think we have anything to properly compare it to historically. And adoption will be heavily affected (and accelerated?) by the upcoming global recession.
I think your analysis is very emotionally driven by the price. When the price dumped you panicked and made a video considering selling. When the price pumped you then said you are not selling. And now 600k. Everyone is long here with leverage assuming they can make big bucks into the next bull run. Dont assume everyone can become a millionaire. Just something to consider
for accurate price predictions since 2017, please check out Kevin Svensons channel and his video today
If the cme was able to drop the price b4,cab we really expect to get aths again???
Thank you Altcoin Daily, you make some really solid points that I haven't thought about before. I will definitely tell this argument further!
Not McAfee's expectations LOLL
Even if Bitcoin "underperforms" it will still be a better store of vaule than dirty FIAT……YOU CAN TAKE MY USD & LAND BUT YOU CANT TAKE MY #CRYPTO . even with a quantum comptuer….( Googleplex) ?
That's why we average in and average out?
No idea if you’re right or wrong. I hope you’re right.
Bitcoin,s price HAS to exceed expectations because nobody wants to see McAfee eat his penis.
It needs to go to new ATH, then spark can happen. Hope not before 2/2 2020 it needs to make space for realy big run to 200k in 2021:-)
$100,000 ??
???? There are some strong bids on Bitcoin down here. Whale tried to manipulate the stops down through $9.2k … we are holding.. next stop above $9.6k … But I don't know if we have the legs to get to $10k yet. Definitely going through $9.6k (look on the chart, lots of stops above that) ????
Two words: JOHN MCAFEE
Global recession is very close and who holds bitcoins will be multi millionaire at the peak of recession.. then buy ethereum.. because (digital)gold doesnt perform well when economy goes well
K.IM
8 million retirement plan for bitcoin in 20 years
450k possible
Good video
Sorry dude i prefer Austin’s videos. His voice us sexier
Austin (or is it Aaron?)! Digital Gold. BINGO! That is the ONLY way I have seen it for a good while now. I think you are right on. Until Bitcoin gets "laser-focused" as to what it truly is the sooner it's per coin price will rise much more rapidly. Agree 100% friend.
BTC INFRASTRUCTURE IS GROWING!!… LOOK SATOSHI BUILT A "FERRARI"..NOW THEY'RE BUILDING THE AUTOBAHN FOR THESE MOTHERFUCKERS… ANY QUESTIONS? ??
Just imagine if it break McAfee expectation which is $1 million so it must be 10 million per coin in 2020
Still here.
I hope I can buy a full coin before the move
Ok… I'm listening
APPLE has already came out with the Apple credit card by apple thats on your wallet on your iphone ,not by a bank..
You said above 75k at the end of the video instead of 7.5k lol
Yes!
17 000 000 in april
Back in February/March, I figured Bitcoin would jump to maybe $8,000 but I did not think it would've hit $12,000. I did notice 60 minutes and local news stations talking more about it tho. I think this bull run cycle is going to be bigger than the previous. My price prediction ATH is $250k. Is anyone else thinking the same?
I agree. I bought bitcoin to provide a store of value( Digital Gold) because of all the countries racing to devalue their currencies. I did not by it for payment transaction reasons etc.
Dude no. The average Joe doesn't care about digital gold. They don't even care about real gold. As long as it is framed that way, only a select niche market will ever care about crypto. It has to be money, used everyday by everyone.