BITCOIN: $1k invested in 2010 is now worth a cool $12.75m..!! As for a Target Price, "....pick your number..!!" by stephenkendal

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bitcoin · @stephenkendal ·
$11.37
BITCOIN: $1k invested in 2010 is now worth a cool $12.75m..!! As for a Target Price, "....pick your number..!!"
<html>
<h2>BITCOIN - PICK YOUR NUMBER..!!</h2>
<p>http://i.imgsafe.org/0a64231bce.png</p>
<p><br></p>
<p>I am asked regularly this question "...so what do you believe is the <strong>Target Price for BITCOIN</strong>?"... and I simply reply with "...<strong>pick your number..!!</strong>"</p>
<p>This response is usually met with confusion and most people then reply with "....well that cannot be true, it must have a ceiling..!!"</p>
<p>This is easy to explain when I say "....did you know that <strong>BITCOIN </strong>will be capped at 21 million coins..!!"</p>
<p>It is usually at this point that people's jaw drops and they say "....well I never knew that..!!"</p>
<p>Most people, and I mean most people, are totally unaware of this cap and is <strong>FUNDAMENTAL </strong>to the <strong>Target Price of BITCOIN</strong>.</p>
<h2>PICK YOUR NUMBER</h2>
<p>I will reiterate what I have said for a few years now when it comes to a <strong>Target Price for BITCOIN</strong>.</p>
<p>$1,300</p>
<p>$2,000</p>
<p>$5,000</p>
<p>$10,000</p>
<p>$20,000</p>
<p>$50,000</p>
<p>$100,000</p>
<p>$500,000</p>
<p>$1,000,000 .......... "...<strong>pick your number..!!</strong>"</p>
<p><br></p>
<p>Thanks for reading.</p>
<p>Stephen</p>
</html>
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vote details (145)
@stephenkendal ·
$0.06
Shared on twitter. Stephen

https://imgur.com/a0dtVkQ.jpeg
👍  
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@stephenkendal ·
$0.06
Shared on LinkedIn. Stephen

https://imgur.com/X8jVSyg.jpeg
👍  
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@rmach · 
It's looking really good!
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@soushi888 · 
I don't know. I think that will stop to reffer to USD $ because, while the bitcoin and other crypto-currencie will grow, fiat monney will continue to decrease... Si it's will have non-sens to compare each other when fiat monney will be totally obsolete. When it will be, cryptos are gonna grow more than ever !
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@lyfo · 
Definitely this is very important. The USD$ cannot stand competition, eventually it will lose out as all other fiat currencies have. It is only sustained by force. So competition must be there to solve problems equitably. That way the best will thrive, the mediocre will improve and the poor will get better. Gold has always been the standard and may likely continue to be very important. There is a micro amount of Gold in every cup of seawater, it is a natural element. Nature put it there and in just the right proportion.

In other words when the dollar is gone or worthless, everything will have to be priced in something else -- the most tradable good. Cryptos do stand a chance to establish the new Standard. But I expect volatility which is not bad, it's a natural process.
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vote details (3)
@soushi888 · 
It could be interesting to begin to compare crypto-currencies with assets like bitGold or bitSilver. It will give a more exactly idea of the value of those crypto-currencies.
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@kyusho · 
I pick over a million, with Japan recently announcing it as legal tender, China really adopting it in a large way and now even the UN.  Well if we do the math, 1.4 billion people in China alone, trying to buy what a mere 10 million coins left to produce.
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@lyfo · (edited)
Perfectly true. It behooves us all to learn a lot more about what money is, how it works, how it evolves, where it gets its value and so much more. And we are going to learn that lesson whether we want to or not. Read, study, learn, practice, experiment, meditate on it. 

Economics is not a dry subject as we tend to suppose, mostly from our schooling. It's totally alive, organic and personal. Austrian economics, takes the mathematical formulas out of it, and yet it uses the same logic as math. Deductive reasoning, extrapolation, imagination and *a priori* understanding.

Money is the "Most Tradable Good." It is Trade that is the peaceful way to order society. It prevents conflict and gives rise to the most universal prosperity while overcoming scarcity.

Look at the paradigm change: Twenty years ago we became Desktop Publishers, then the capability to Podcast (have our own radio station) then our own TV Network, and now anyone can be their own Bank and create our own currency! Free Banking has returned and it is Big News.
👍  ,
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vote details (2)
@manfredpirck · 
Awesome.
How wise it was to create well in advance the Satoshi unit (0.00000001 BTC). Could well be that in future we think in Satoshis as equivalent to USD :-)
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@stevenmaiso · 
No one seems to notice what is happening with Ripple, but they are making great progress, I would keep an eye on them as well !
https://ripple.com/ripple_press/ten-financial-institutions-join-ripples-global-payments-network/
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