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"Mow says all the numbers work out if BTC hits $1 million within five years." So for the numbers to work out, BTC must increase in price by 1,600% - amazing pl
by tomdell 5y ago
"Mow says all the numbers work out if BTC hits $1 million within five years."
So for the numbers to work out, BTC must increase in price by 1,600% - amazing plan.
- sjtindell 5y agoYou’re talking about an asset that you could have bought on 90% of the days in the last 10 years and made a profit. That has seen at least 50,000% or more gains in that timeframe.
- bdcravens 5y agoYes, but there's diminishing returns as the price gets higher.
- davidgerard 5y agoit also has to have any market depth at that price - you can drop the BTC price $3,000 by selling $1m worth just lately, imagine having to cash out $1b "worth" into actual money not to mention the US miners who have a "stockpile" of $1b of BTC, apparently for every possible reason other than "actual-dollar liquidity doesn't exist to sell it without crashing the price"
- writetoalok 5y ago“Past performance is no guarantee of future returns!”
- sjtindell 5y agoI agree there can be sometimes. But I heard the same thing at $0.01 and $1. “It’s already gone up so much.” I heard the same at $10 and $100 and $1000 and…
- deleted 5y ago[deleted]
- 1270018080 5y agoAt no time since the tulip bubble has the phrase "past returns are not indicative of future performance" been more relevant.
- imtringued 5y agoOk, but if it goes up that much, why would anyone want to use it as legal tender?