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RE: Bitcoin A Crazy Target for BTC Or The First Major Global Bubble?
It was a good read, but most likely it won't happen because:
- Bitcoin won't work as money (only 3 tx/sec)
- There are many others coins with better tech and IPOs, so the pie is splitting
- Every N years a new technology appears (for IT the N ~ 10 years, so bitcoin is almost done)
But I really appreciate Bitcoin as the first working crypto!
Interesting, though in regards to your point:
#1: Even with the transaction limit (in this case for Bitcoin, but it can go for any other crypto), a price increase to ridiculous levels could happen. All that needs to continue is increasing adoption in the given crypto, combined with trading/speculation.
#2: Totally agree with you, though who says Bitcoin on my example can say the crypto that will end up being dominant at the end-game and/or the entire crypto market combined. Doesn't have to be strictly Bitcoin to pull such a scenario off.
Yup #1, "Nobody - Okay, if you're Warren Buffett or Jimmy Buffett - Nobody knows if the crypto's going to go up, down, sideways, or in fucking circles"