$9,500 geeez
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What is the price ”it should be”? 21 Millions bitcoin. If it reaches 100 Millions users and each put $21.000 in bitcoin in average, a $10 000 BTC is logical... if you raise the user base and the average amount of value... where is the “should be price” ???
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Can’t continue to raise the userbase with full blocks and high fees. The Core team is currently recommending Litecoin to actually send transactions! I prefer
#BitcoinCash.
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A lot of this also has to do with Blockchain/currency distinction, which many don’t understanding
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Very true! The concept of blockchain extends well beyond currency.
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Part of the issue is the time horizon of “too high” is also incredibly personal. So people tend to think of and disagree with their definition, not yours.
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What do you think a fair price is?
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Fair price is around 6-8k. It was following the average block size very well. It has become unhinged since hitting the 1mb cap.
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Thing is: if a) is true, 1 btc is too much. Because only 21 million will be used to measure value delivered in the entire world/internet. That's why we can, by design, divide each btc in a hundred million parts. b) can only be true if btc fails at worldwide adoption.
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Few can see the value of a bubble too. The Dot-com era brought the smartest people to the Bay Area, and then pulled out the rug — all of the relationships and tacit knowledge created during the get-rich-quick fest propelled the industry to where it ishttps://twitter.com/_danielsinclair/status/934762844679229440 …
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