Bitcoin $500,000

eBay
PWbn34

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PWbn34
Nov 27, 2020 40 Comments

I read Cathie Wood paper on it. https://ark-invest.com/white-papers/ sounds promising and makes sense. I know a lot of people who buy gold thinking it as hedge against inflation and the fact that it will alwsys go up.

What is gold: it's just metal. Its expensive so in some cultures people like to show it off otherwise not much practicle use, hard to carry arround. Continously worry about security. Bitcoin solves all those problems plus much more practicle if it gains large acceptance. Thoughts? Tips?

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  • Even if it goes up to 1mn, I won't buy $1 worth of btc
    Nov 27, 2020 26
    • @BosDK, why not take this opportunity to understand it then? If you work in tech you are more than capable of it.

      BTC is simply a superior form of gold because it better performs the 5 traits for any store of value: Durability, Divisibility, Portability, Recognition, and Scarcity. There’s many good resources that explain how it excels at these. This makes BTC worth at least as much as gold in terms of market cap.
      Dec 28, 2020
    • Please fix Microsoft UX first, then we can talk Bitcoin
      Jan 3, 2021
  • Tesla
    πŸ‰β›ˆ

    Go to company page Tesla

    πŸ‰β›ˆ
    rip my lost bitcoins
    Nov 27, 2020 2
    • Miss mine too. Mined "a bunch" of them (honestly couldn't even guess how many) in the very early days when I was a nerd in high school with nothing to do and thought it was actually exciting to have my GPU doing pointless computations. Couldn't even turn them into a few dollars, got bored, switched back to folding at home because it seemed more worthwhile, and didn't save them. It's a little painful to think about.
      Nov 27, 2020
    • Tesla
      πŸ‰β›ˆ

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      πŸ‰β›ˆ
      Probably had like 100 btc? Had a bunch during the time silkroad was a thing. Left it sitting on some exchange and then forgot all about it. The exchange eventually got hacked so rip.
      Nov 27, 2020
  • Samsung
    Automaton

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    Automaton
    I might sound like an πŸ‚y moron, but my nickels will someday be worth millions!!
    Nov 27, 2020 0
  • Google
    UWOM24

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    UWOM24
    Why bitcoin when there are 1000 other coins?
    Nov 27, 2020 4
  • $500,000 price is target is based on assumption that bitcoin will penetrate at least 15% market share of entire global Fiat currencies. That’s quite challenging and unrealistic in near future. Mass Adoption will take decades. I believe $50k is more realistic target. Yes but speculation can drive it up but won’t last too long.
    Nov 27, 2020 3