[mlcrypto]

It's hard for humans to put ego aside and admit they were wrong. Also hard to put emotion aside and forget the pain of missing out from $100 to $45k.

I think there's still an easy 10X to match Gold and 100X is possible if it becomes the world's preferred reserve asset

[epolanski]

Imagine thinking you can prove that an argument is settled due to price movements.

Bitcoin may go to a billion and it won't change the fundamental premise:

You can have ALL the Bitcoin in the world, all of it, and if there's no buyer outside, nobody willing to trade anything for it you have nothing.

Now use the same argument with all the land in US, all the crop in India, all the fish in the Pacific, all the gold in Russia, all the wine in France, all the bakeries in Palermo, all the cars in Sydney.

You farm, you eat, you can make jewellery and tech, you drive.

And yes, it applies to US dollars too (albeit to a minor extent). If nobody wants it you can just stare at dead national heroes on paper, or burn it idk.

Wealth does not come from money, and of all the money, you choose to speculate on the exchange price of a virtual one.

The premise will never change and crypto cultists keep fooling themselves and finding many weak and illiterate to join their ranks.

But any price movement will not change the fundamental issue.

[mlcrypto]

Luckily Bitcoin can be sold on a Sunday afternoon at market price with plenty of liquidity in seconds. Good luck lining up a deal like that with the items you listed.

[toenail]

> Bitcoin may go to a billion and it won't change the fundamental premise:

Haha, bitcoin never even attempted to solve your "fundamental premise", and never made any such promise. Bitcoin is like fiat money in that regard, and different in other regards.

[LAMike]

SCOREBOARD

[AlexandrB]

> I think there's still an easy 10X to match Gold and 100X is possible if it becomes the world's preferred reserve asset

Whats the logic connecting BTC to gold? Why would the two prices be connected in the way you're suggesting?

[mlcrypto]

Since gold reached 10 trillion market cap I am very confident BTC will too. Mainly due to the inflation hedge trade

[danbruc]

Zero sum money transfer from suckers that think that Bitcoin will one day have a breakthrough or are driven by fear of missing out and greed - of course there is another factor of ten and you also can become rich without doing any work - to early[er] adopters. A pyramid scheme.