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Study: Bitcoin going to $50,000 this or next year

https://www.newsbtc.com/2020/01/18/research-firm-3-use-cases...
sticky infuriating indian lodge
  01/17/20
...
sticky infuriating indian lodge
  01/18/20
hell yeah
galvanic talking travel guidebook
  01/18/20
...
titillating business firm dysfunction
  01/18/20
if bitcoin goes to $50K within 750 days i will permanently d...
onyx place of business
  01/18/20
...
maize razzmatazz immigrant library
  01/18/20
...
sticky infuriating indian lodge
  01/18/20
...
aromatic lavender house
  01/18/20
Date: January 18th, 2020 11:01 AM Author: MoreDoughHi if...
Obsidian Ticket Booth
  01/18/20
don't worry i'd remember.
onyx place of business
  01/18/20
...
Maniacal blood rage cruise ship
  01/18/20
Wouldn’t a “bet” require the chance of so...
rose death wish roast beef
  01/18/20
...
Lake thriller hall electric furnace
  01/19/20
i think it has one more bull run left. but it has so many ba...
Domesticated Step-uncle's House
  01/18/20
you're wrong about what drives bitcoin's value. mass adoptio...
maize razzmatazz immigrant library
  01/18/20
how realistic is market b) since these transactions are all ...
Passionate fortuitous meteor
  01/18/20
even though transactions are recorded, there are many ways t...
maize razzmatazz immigrant library
  01/18/20
the transactions are traceable but anonymized incredibly eas...
mischievous whorehouse
  01/19/20
"bitcoin's value is largely increasing because of a) gr...
cerise painfully honest mental disorder national
  01/18/20
Did he say that?
titillating business firm dysfunction
  01/18/20
let's hear what he actually has in mind--you don't always ha...
cerise painfully honest mental disorder national
  01/18/20
it could, but with time it becomes increasingly unlikely. th...
maize razzmatazz immigrant library
  01/19/20
lmao wtf is "means of speculation" as a value prop...
mischievous whorehouse
  01/19/20
gambling is a huge market. many financial instruments that o...
maize razzmatazz immigrant library
  01/19/20
If the primary use of cryptocurrency in ten years is gamblin...
mischievous whorehouse
  01/19/20
false. americans spent almost $72 billion on lotto ticket...
maize razzmatazz immigrant library
  01/19/20
akin to precious metals is i suppose the thought. whether i...
cerise painfully honest mental disorder national
  01/19/20
i wouldnt say precious metals have as much speculative value...
maize razzmatazz immigrant library
  01/19/20
Precious metals of course have underlying demand drivers, th...
mischievous whorehouse
  01/19/20
i'm aware of that, but there may still be an analogy: https...
cerise painfully honest mental disorder national
  01/19/20
...
sticky infuriating indian lodge
  01/18/20
Crying-laughing emoji
Pink property
  01/18/20
Bitcoin mooning during a year containing "2"
Stimulating jet mother address
  01/19/20
lol
Concupiscible stage hissy fit
  01/19/20
...
rose death wish roast beef
  01/19/20
...
sticky infuriating indian lodge
  01/24/20


Poast new message in this thread



Reply Favorite

Date: January 17th, 2020 11:22 PM
Author: sticky infuriating indian lodge

https://www.newsbtc.com/2020/01/18/research-firm-3-use-cases-send-bitcoin-1-trillion/

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39448587)



Reply Favorite

Date: January 18th, 2020 10:41 AM
Author: sticky infuriating indian lodge



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449748)



Reply Favorite

Date: January 18th, 2020 10:53 AM
Author: galvanic talking travel guidebook

hell yeah

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449786)



Reply Favorite

Date: January 18th, 2020 10:59 AM
Author: titillating business firm dysfunction



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449796)



Reply Favorite

Date: January 18th, 2020 11:01 AM
Author: onyx place of business

if bitcoin goes to $50K within 750 days i will permanently damages my testicles in live stream to this bort.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449802)



Reply Favorite

Date: January 18th, 2020 11:05 AM
Author: maize razzmatazz immigrant library



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449816)



Reply Favorite

Date: January 18th, 2020 11:05 AM
Author: sticky infuriating indian lodge



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449819)



Reply Favorite

Date: January 18th, 2020 11:08 AM
Author: aromatic lavender house



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449828)



Reply Favorite

Date: January 18th, 2020 11:08 AM
Author: Obsidian Ticket Booth

Date: January 18th, 2020 11:01 AM

Author: MoreDoughHi

if bitcoin goes to $50K within 750 days i will permanently damages my testicles in live stream to this bort.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449802)

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449832)



Reply Favorite

Date: January 18th, 2020 11:09 AM
Author: onyx place of business

don't worry i'd remember.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449834)



Reply Favorite

Date: January 18th, 2020 9:43 PM
Author: Maniacal blood rage cruise ship



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39452784)



Reply Favorite

Date: January 18th, 2020 10:06 PM
Author: rose death wish roast beef

Wouldn’t a “bet” require the chance of something undesirable happening on your part?

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39452879)



Reply Favorite

Date: January 19th, 2020 12:02 AM
Author: Lake thriller hall electric furnace



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453401)



Reply Favorite

Date: January 18th, 2020 11:09 AM
Author: Domesticated Step-uncle's House

i think it has one more bull run left. but it has so many barriers to mass adoption that it will never be the golden egg speculators anticipate.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449838)



Reply Favorite

Date: January 18th, 2020 11:15 AM
Author: maize razzmatazz immigrant library

you're wrong about what drives bitcoin's value. mass adoption as a currency will never happen. in fact, in the run up over the past 3-4 years, there's been almost no increase in bitcoin's adoption by merchants.

bitcoin's value is largely increasing because of a) growing adoption of crypto as a means of speculation and b) liquidity network effects that increase its utility as a means of evading regulation/breaking the law. i think the addressable markets for both use cases is still largely untapped.

however, you're right that it's unlikely generate insane 100x, 1000x returns. 10x is plausible from here over 5ish years, with maybe a bubble or two taking it up briefly higher.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39449860)



Reply Favorite

Date: January 18th, 2020 8:03 PM
Author: Passionate fortuitous meteor

how realistic is market b) since these transactions are all traceable

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39452257)



Reply Favorite

Date: January 18th, 2020 11:58 PM
Author: maize razzmatazz immigrant library

even though transactions are recorded, there are many ways to cover your tracks. most common is to move it to a shady exchange and trade it for another crypto (say, monero or zcash). there are also coin mixers that do a good job obfuscating ownership.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453385)



Reply Favorite

Date: January 19th, 2020 12:04 AM
Author: mischievous whorehouse

the transactions are traceable but anonymized incredibly easily; much easier than laundered cash

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453412)



Reply Favorite

Date: January 18th, 2020 8:04 PM
Author: cerise painfully honest mental disorder national

"bitcoin's value is largely increasing because of a) growing adoption of crypto as a means of speculation and b) liquidity network effects that increase its utility as a means of evading regulation/breaking the law. i think the addressable markets for both use cases is still largely untapped."

why assume that the bubble won't pop on both in 5-10 yrs?

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39452262)



Reply Favorite

Date: January 18th, 2020 9:48 PM
Author: titillating business firm dysfunction

Did he say that?

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39452805)



Reply Favorite

Date: January 18th, 2020 9:50 PM
Author: cerise painfully honest mental disorder national

let's hear what he actually has in mind--you don't always have to respond to the narrowest possible implication of a comment.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39452823)



Reply Favorite

Date: January 19th, 2020 12:02 AM
Author: maize razzmatazz immigrant library

it could, but with time it becomes increasingly unlikely. the most likely time for bitcoin to have died was 5 years ago after the mt gox hack.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453399)



Reply Favorite

Date: January 19th, 2020 12:07 AM
Author: mischievous whorehouse

lmao wtf is "means of speculation" as a value proposition. AKA gambling on your position in the ponzi flow

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453429)



Reply Favorite

Date: January 19th, 2020 12:09 AM
Author: maize razzmatazz immigrant library

gambling is a huge market. many financial instruments that offer lottery-like payoffs tend to be overpriced. this includes highly volatile microcap stocks, short-dated deep out of the money options, etc. there's also tremendous amounts of money spent on lotteries, sports betting, poker, black jack, slots, etc.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453439)



Reply Favorite

Date: January 19th, 2020 12:12 AM
Author: mischievous whorehouse

If the primary use of cryptocurrency in ten years is gambling, the price of bitcoin/ethereum will be about 10% what it is now. Asinine theory.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453458)



Reply Favorite

Date: January 19th, 2020 12:13 AM
Author: maize razzmatazz immigrant library

false.

americans spent almost $72 billion on lotto tickets in 2017 alone.

they spent about $142.55 billion on gambling in 2018: https://fred.stlouisfed.org/series/DGAMRC1A027NBEA

global gambling expenditures could approach $1 trillion. in fact, much of the financial markets exists because of trading that is simply another form of gambling.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453465)



Reply Favorite

Date: January 19th, 2020 12:10 AM
Author: cerise painfully honest mental disorder national

akin to precious metals is i suppose the thought. whether it really makes any sense over time, i don't know.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453445)



Reply Favorite

Date: January 19th, 2020 12:11 AM
Author: maize razzmatazz immigrant library

i wouldnt say precious metals have as much speculative value. most of it is due to historical inertia/belief. crypto is taking on some aspects of that, but this is a process that takes a long time.

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453453)



Reply Favorite

Date: January 19th, 2020 12:14 AM
Author: mischievous whorehouse

Precious metals of course have underlying demand drivers, they are used in the production of various things and also as an international medium of exchange (a different value proposition than expecting a greater fool to materialize).

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453476)



Reply Favorite

Date: January 19th, 2020 12:23 AM
Author: cerise painfully honest mental disorder national

i'm aware of that, but there may still be an analogy: https://www.investopedia.com/news/cryptocurrency-has-set-us-back-300-years-krugman/

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453507)



Reply Favorite

Date: January 18th, 2020 7:59 PM
Author: sticky infuriating indian lodge



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39452233)



Reply Favorite

Date: January 18th, 2020 9:43 PM
Author: Pink property

Crying-laughing emoji

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39452782)



Reply Favorite

Date: January 19th, 2020 12:00 AM
Author: Stimulating jet mother address

Bitcoin mooning during a year containing "2"

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453390)



Reply Favorite

Date: January 19th, 2020 12:08 AM
Author: Concupiscible stage hissy fit

lol

(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39453432)



Reply Favorite

Date: January 19th, 2020 11:31 AM
Author: rose death wish roast beef



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39454705)



Reply Favorite

Date: January 24th, 2020 4:19 PM
Author: sticky infuriating indian lodge



(http://www.autoadmit.com/thread.php?thread_id=4424204&forum_id=2#39483439)