Cryptocurrency mega-thread

[WaywardSonSon]

Okay, so hit me with some of your predictions in regard to what the value of a Bitcoin will be in ten years time?
$100 000 AUD
$200 000 AUD
$500 000 AUD

$1 000 000 AUD?

 

[ash_1050]

Okay, so hit me with some of your predictions in regard to what the value of a Bitcoin will be in ten years time?
$100 000 AUD
$200 000 AUD
$500 000 AUD

$1 000 000 AUD?

No idea, I couldn't even tell you what it will be next week. I posted last month how I see BTC and other coins going over the next 12 months, and some thoughts overall on where the crypto space is headed in the short term.

Every man and their dog drums up a headline of ZOMG I PREDICT BTC WILL BE $xxx,xxx,xxx IN X YEARS TIME to get their name/company/service out there, and surprise surprise the overwhelming majority of them have been complete and utterly wrong.

 

[Evolved1]

Okay, so hit me with some of your predictions in regard to what the value of a Bitcoin will be in ten years time?
$100 000 AUD
$200 000 AUD
$500 000 AUD

$1 000 000 AUD?

100k next cycle in 2025. Beyond that, who knows.

 

[WaywardSonSon]

No idea, I couldn't even tell you what it will be next week. I posted last month how I see BTC and other coins going over the next 12 months, and some thoughts overall on where the crypto space is headed in the short term.

Every man and their dog drums up a headline of ZOMG I PREDICT BTC WILL BE $xxx,xxx,xxx IN X YEARS TIME to get their name/company/service out there, and surprise surprise the overwhelming majority of them have been complete and utterly wrong.

Thanks, can you direct me to said comments?

 

[The Dice Man]

No idea, I couldn't even tell you what it will be next week. I posted last month how I see BTC and other coins going over the next 12 months, and some thoughts overall on where the crypto space is headed in the short term.

Every man and their dog drums up a headline of ZOMG I PREDICT BTC WILL BE $xxx,xxx,xxx IN X YEARS TIME to get their name/company/service out there, and surprise surprise the overwhelming majority of them have been complete and utterly wrong.

I agree 100% with all that, but I also see it as basic shilling, and people trying to create FOMO to increase their own bag value. In that sense it can seem like a ponzi.

If enough people keep saying, more people (especially newbies) believe it, just to be dumped on by long term holders.

 

[Evolved1]

You want hopium....

Bitcoin to $120,000 next month
ICP to $2000 next month
Essendon 2022 premiers

Bookmark it

 

[WaywardSonSon]

You want hopium....

Bitcoin to $120,000 next month
ICP to $2000 next month
Essendon 2022 premiers

Bookmark it

You had me until we reached the last point.

That ain't happening!

 

[WaywardSonSon]

You had me until we reached the last point.

That ain't happening!

It's all good, as Freo aren't winning it either. We have to be real with ourselves!

 

[LongBombFromOutside50]

Crypto is clearly in a down trend at the moment as the Fed tightens and raises interest rates to keep global CPI in check. That doesn't mean that we won't get some form of relief rally though. Spitballing numbers here, but honestly it wouldn't surprise me if we get a relief rally over the next few months to US$50k+, before a continued downtrend to ~US$30k by the end of the year. Then once CPI is normalised and the Fed starts thinking about loosening monetary policy again is when the real bull run will resume.

 

[Evolved1]

 

[Evolved1]

 

[Bostonian]

Only someone looking for Nazis in every nook and cranny would have drawn that conclusion.

Looks like some kind of chip with electric circuits coming out of it.

****ing clowns.

 

[Evolved1]

Only someone looking for Nazis in every nook and cranny would have drawn that conclusion.

Looks like some kind of chip with electric circuits coming out of it.

******* clowns.

My first thought was swastika.

 

[Bostonian]

My first thought was swastika.

Not mine.

 

[Gak Attack]

I didn't see it initially but now it has been mentioned I can't not see it!

 

[Bostonian]

Growing up in the 70s & 80s boys drawing war scenes and swastikas was very common place and nobody cared or had conniptions about it.

Now people lose their shit over it even in things that aren't even representing it.

 

[Mick F]

Crypto is clearly in a down trend at the moment as the Fed tightens and raises interest rates to keep global CPI in check. That doesn't mean that we won't get some form of relief rally though. Spitballing numbers here, but honestly it wouldn't surprise me if we get a relief rally over the next few months to US$50k+, before a continued downtrend to ~US$30k by the end of the year. Then once CPI is normalised and the Fed starts thinking about loosening monetary policy again is when the real bull run will resume.

I retired at 46 and it wasn’t through being greedy and gambling on the stock market.

 

[WaywardSonSon]

I retired at 46 and it wasn’t through being greedy and gambling on the stock market.

So what did you do, exactly?

 

[LongBombFromOutside50]

I retired at 46 and it wasn’t through being greedy and gambling on the stock market.

Firstly, well done.

Secondly, you must be new here? Go back and you'll find many early posters in this thread have made enough to retire from getting into crypto early. Me included. And I'm younger than 35.

 

[WaywardSonSon]

Firstly, well done.

Secondly, you must be new here? Go back and you'll find many early posters in this thread have made enough to retire from getting into crypto early. Me included. And I'm younger than 35.

I wonder if such a feat is still possible?

 

[LongBombFromOutside50]

I wonder if such a feat is still possible?

If you invest enough money at the right time and are patient enough, then I definitely think it is. Probably not from buying BTC or ETH though, you'll need to find an altcoin that will do a 20 - 50x. The next SOL, LUNA or AVAX.

I honestly think in 2023 or 2024 we will see a glorious bull run for crypto, similar if not bigger than what we saw in 2020 and 2021.

 

[WaywardSonSon]

If you invest enough money at the right time and are patient enough, then I definitely think it is. Probably not from buying BTC or ETH though, you'll need to find an altcoin that will do a 20 - 50x. The next SOL, LUNA or AVAX.

I honestly think in 2023 or 2024 we will see a glorious bull run for crypto, similar if not bigger than what we saw in 2020 and 2021.

So could said Bull-run in Bitcoin not be enough to make me rich, if, say, I invested heavily?

 

[LongBombFromOutside50]

So could said Bull-run in Bitcoin not be enough to make me rich, if, say, I invested heavily?

If you invest heavily enough, then sure. But do you really think Bitcoin will do a 20x - 50x from current levels? That would be a price of US$800k - $2m per Bitcoin? That's a market cap of US$16T - $48T. For reference, gold's market cap is around US$12T. Apple's is US$2.64T

 

[WaywardSonSon]

If you invest heavily enough, then sure. But do you really think Bitcoin will do a 20x - 50x from current levels? That would be a price of US$800k - $2m per Bitcoin? That's a market cap of US$16T - $48T. For reference, gold's market cap is around US$12T. Apple's is US$2.64T

I'm thinking over the next ten years, it will rise to $1 000 000 AUD.

 

[LongBombFromOutside50]

I'm thinking over the next ten years, it will rise to $1 000 000 AUD.

Personally I think that's a tad optimistic... BUT this is crypto so anything is possible!