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RE: Bitcoin price, based on the famous "S" curve theory. The move to $100'000 is much faster than you think.

in #bitcoin7 years ago (edited)

Chart is way to short in time for S curve adoption of new Internet currency. I upvoted you though. Just saying that its very unlikely in 2020 more than 50% of people would have any Bitcoin. Many issues remain to be solved in Bitcoin. It takes a lot of assumptions right now to get BTC price to $1 million per coin. I believe its going to take 30 years to get full adoption of crypto but the growth will be far beyond most can ever imagine now in trillions and trillions of USD value. While its still not clear Bitcoin will be the #1 coin in 10 years its very clear that crypto currencies are going to be wildly popular. Much more than people think today.

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Thank you @hedge-x. That was a good contribution to the discussion.

Although there is a “fun” element and a lot of assumption I made, it does not take away the fact that we are still at an early stage. Will it make a million? I doubt it but then five years ago people doubted it would ever reach $1’000 then later $10’000. At the moment the direction in adoption is heavily positive, like email in 1994. The maths is telling that the unlikely is probable. Hodl away.....