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It could be up to 100k in a week, could be down to 20k or anything in between. I honestly have no idea which one is more likely and wouldn't be surprised by any

It could be up to 100k in a week, could be down to 20k or anything in between. I honestly have no idea which one is more likely and wouldn't be surprised by any price, high or low. I'm also very skeptical of anyone who claims to know what's happening in the cryptocurrency market and why.

treeman79 5y ago
Zero to infinite. Good arguments all around. If governments decide it’s a threat I imagine it’ll go to near zero. Much to my personal shock that doesn’t seem to be happening.
- kijin 5y ago
  Bitcoin seems to be approaching the realm of "too big to fail." A trillion dollars disappearing overnight could very well precipitate an economic crisis, and no democratically elected government wants to take the blame for that kind of eventuality.
  - raducu 5y ago
    I'm not contradicting you, and I don't think bitcoin will be banned, but the US total stock market capitalization is 49T and 1T capitalization of bitcoin world wide is not an issue. I use those figures to decide on the future price of bitcoin, in case governments actually addopt bitcoin, so a future, very unlikely ~50X increase in bitcoin price is not enough for me to put money into it. I've missed my chance and a very unlikely future 50X increase in price is not worth the risk, imho.
- raducu 5y ago
  I don't like cryptos for multiple reasons, a lot of which could be fixed in the future. But we're way over the phase where governments would ban it, on the contrary, I think bitcoin is a last resort fix for the immense global debt. My wild theory is after elites load up on bitcoin(and also a lot of ordinary folks) governments would change bitcoin to bitcoin 2.0 and completely crash other forms of fiat currency, wiping the huge fiat currency debts in the process and also shutting up all the people who want anonimity in bitcoin(because they would lose a lot of money otherwise).
  - deleted 5y ago
    [deleted]
  - bbarnett 5y ago
    Governments have banned many things, wildly popular things, even in democratic nations. While I agree popularity reduces risk, some Governments have banned alcohol for years, or how about even banning certain types of securities (2008 crash)? To say it is not the same is moot, for, the point is things get banned, popular or not.
  - Salgat 5y ago
    China and the US will never give up monetary policy, it's one of their most powerful economic tools.
    - raducu 5y ago
      I know, and it's just one of my tinfoil hat theory, but the fact that they haven't banned it already, or the USDT on some obvious money laundering issues, just fules my paranoia that taking over the future dominant crypto is more beneficial than just banning it now.
mam3 5y ago
Basically doge is going to the moon (to 1dollar at least) thanks to elon, and rune is the best defi protocol. Other than that...
emerged 5y ago
Yet some random idiot who put $2k into coinx 2 years ago will feel brilliant the rest of their life for their incredible, deep conceptual $3M achievement. That idiot now has tremendous economic power to further spread the entropy for many years to come. The effects of crypto are going to ripple through time.

treeman79 5y ago

Zero to infinite. Good arguments all around. If governments decide it’s a threat I imagine it’ll go to near zero. Much to my personal shock that doesn’t seem to be happening.

kijin 5y ago
Bitcoin seems to be approaching the realm of "too big to fail." A trillion dollars disappearing overnight could very well precipitate an economic crisis, and no democratically elected government wants to take the blame for that kind of eventuality.
- raducu 5y ago
  I'm not contradicting you, and I don't think bitcoin will be banned, but the US total stock market capitalization is 49T and 1T capitalization of bitcoin world wide is not an issue. I use those figures to decide on the future price of bitcoin, in case governments actually addopt bitcoin, so a future, very unlikely ~50X increase in bitcoin price is not enough for me to put money into it. I've missed my chance and a very unlikely future 50X increase in price is not worth the risk, imho.
raducu 5y ago
I don't like cryptos for multiple reasons, a lot of which could be fixed in the future. But we're way over the phase where governments would ban it, on the contrary, I think bitcoin is a last resort fix for the immense global debt. My wild theory is after elites load up on bitcoin(and also a lot of ordinary folks) governments would change bitcoin to bitcoin 2.0 and completely crash other forms of fiat currency, wiping the huge fiat currency debts in the process and also shutting up all the people who want anonimity in bitcoin(because they would lose a lot of money otherwise).
- deleted 5y ago
  [deleted]
- bbarnett 5y ago
  Governments have banned many things, wildly popular things, even in democratic nations. While I agree popularity reduces risk, some Governments have banned alcohol for years, or how about even banning certain types of securities (2008 crash)? To say it is not the same is moot, for, the point is things get banned, popular or not.
- Salgat 5y ago
  China and the US will never give up monetary policy, it's one of their most powerful economic tools.
  - raducu 5y ago
    I know, and it's just one of my tinfoil hat theory, but the fact that they haven't banned it already, or the USDT on some obvious money laundering issues, just fules my paranoia that taking over the future dominant crypto is more beneficial than just banning it now.

mam3 5y ago

Basically doge is going to the moon (to 1dollar at least) thanks to elon, and rune is the best defi protocol. Other than that...

emerged 5y ago

Yet some random idiot who put $2k into coinx 2 years ago will feel brilliant the rest of their life for their incredible, deep conceptual $3M achievement. That idiot now has tremendous economic power to further spread the entropy for many years to come. The effects of crypto are going to ripple through time.