Take a look at these charts. One of them looks almost exactly like the #Bitcoin chart from 2017 (chart from dot com bubble). The other one is that same chart through the current day.
Could the Amazon chart show us where $BTC will go over the next decade? $0.28 -> $250.50
The same performance from the low of $3500 in 2019 would result in a $14,000,000 price by 2043. This may seem crazy, but it's happened before with $AMZN and probably others.
#Not2Late
@ZeroHedge_ This is what happens when you tell the world that your model will break the world and kill everything. The government takes you seriously and uses a heavy hand just in case you're right.
@ThePrimeagen Why are you using the terminal? The UI is so beautiful you should never have a desire for anything else... you can't even buy espresso on the terminal..... shop
What happens if someone with a quantum computer decides to do something else.
What if they decide to wait for the next difficulty calculation, then mint all the block for the next period in an instant.
The difficulty would go to unusable levels and BTC blocks would stop.
This is the thing I'm worried about.
@CryptosR_Us@ctoLarsson Is this apples to apples? The crypto side probably counts every single transaction. ACH is one small part of the whole.
It's a step, but there's still a long way to go. I'm about to pay for breakfast with the old system.
@100trillionUSD It seems to be that Bitcoin and crypto in general is at the top of the S curve when it comes to awareness. Because of this, the excitement we normally see around new people finding the asset is tailing off.
I'm guessing that this means a more even but strong adoption over time.
@ResourceWars_ It seems that foreign investors will end up owning everything in the Netherlands because they will not have to pay this tax.
Black market gold and silver will also boom.
@martypartymusic It's not what it means, but the chart seems to imply that BTC is going to go down into the Spring season. Maybe it's the universe trying to tell us something.
It's like most art in some ways. If you want a knockoff or copy, you can get one on the cheap. The original is the one that holds all the value.
NFT's are also like money in some ways. You can prove that you are the true owner. That ownership can get benefits and access to exclusive groups.
Most NFT projects have a limit on the quantity that are available. The iconic NFT brands (Crypto Punks, Board Aps) are like old Star Wars toys. People have nostalgia for them.
I think of NFTs like sports cards. There have been iconic card sets and years. Over time the most iconic cards accrue most of the value. The 1986 Fleer Michael Jordan is worth as much as the rest of the set combine. There probably wont be as much dispersion in individual NFTs in a collection, but some collections will be way more valuable than the rest.
Right now, Crypto Punks are the clear winner for collections. There are some NFT's that have sold for way more, but they are mostly 1/1 art pieces.
If ETH pulls back, the NFTs on ETH (the only one's I would think about buying right now) will pull back in ETH terms as well. That may create a great buying opportunity. The multiplication affect will work on the upside as well.
Take a look at the Moon Birds project. It's a good example of that mechanic.