Continuing The bitcoin Math
The first place I came across the days per mark on bitcoin was this post.
https://steemit.com/bitcoin/@blakemiles84/bitcoin-daily-math
He was about 24hrs ahead of you whales posting the same thing.
From his information of the bitcoin marks:
$0 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
I then took that pattern and took a guess of continuing it and I came up with this:
9k-10k : 4 days
10k-11k: 3 days
11k-12k : 1 day
at that point we have to move over to 10k increments.
10k-20k: 23 days
20k-30k : 62 days
30k-40k : 61 days
40k-50k: 8 days
50k-60k 13days
60k-70k : 14 days
70k-80k: 9 days
80k-90k : 4 days
90k-100k: 3 days then move to 100k increments.
:D
Let me know what you think. I'm looking at the bitcoin ticker right now and its looking like I might have given to much time to hit 10k. lol
Cheers steemit!
First, amazing video but.....
dude just wow but....
are we looking at the oil graph as a best case senerio?
None of the graphs besides oil had any information about that happend after the peak.
on the graph of expenonitial groth, where on the hockey stick are we? if we are on the hockey sick right where oil had its crazy spike arent we at the bottom of the curve?
It brings alot into question, amazing video though.
how far off you think my guess was? was i even close?
The video was jst to show the power of an exponential function. You can also look at it the other way around, it isn't bitcoin that going up but fiat currencies going down. The central banks keep on printing money and it has to end up somewhere. The whole system is heading towards a Seneca cliff, we just don't know when. Bitcoin could be at a mllion dollars within 5 years, who knows.
I have been saying that for years, that the price of milk didnt go up the value of the dollar is going down.
What i have been wondering the last couple days it, at what point to we stop measuring the value of bitcoin with fiat and when do we switch to measureing the value of fiat with bitcoin?
Over the last 2 days i have come to the conclusion that the price of bitcoin doesnt really matter, it can still perform the same function of sending money anywhere in the world almost instantly with a very low fee. So...
If im buying and sending and your recieving and selling instantly then it doesnt matter if the price is 20mill a coin or 3 bucks a coin. If im trying to get 100 usd value to a friend in china as long as he sales while price is the same then the value has been sent and that in my eyes is the function of bitcoin.
So i have come to the point where if bitcoin dropps to a buck a coin tomorrow (i hope i doesnt) It still will preform all its functions and still take over the world and get rid of banks and stuff. (imo)
:D
Sorry bout my morning rant.
lol
I don't like the fact that Bitcoin Futures will trade. The banks are gonna try to manipulate the price of Bitcoin as they do with gold. There's more paper gold in the world than actual gold.
Yeah the only reason they would want to get into it is to try to control it.
Its basically going to be like how people buy paper stocks of gold insted of physical gold right? The people that are going to spend millions to buy paper stocks could be cutting out the middle man and doing it themself. Would them selling paper stocks really effect me if im not selling on their market?
Im so noob to it all even thought i been around a bit, lol
Another thing i just thought of, if u were to buy bitcoin thru futures.....
Bitcoin forks?
Will they start trying to compete with the already in place crypto exchanges?
wow yeah, im thinking of all kinds of uncertinitys with futures stocks.
taxes..... some people thats the point of bitcoin to them.
They have been so wrong about bitcoin this whole time that anyone trying to take crypto advice from them... idk
If someone has millions to invest they should just buy a $50 hardware wallet and buy the coins from coinbase or something. paying a cut to some one is pointless. imo atleast.
at the same time its blowing the price up. only 21 mill at cap an we are at like around half way right? lol
Something like 2 olympic swimming pools of gold in the world or something.
I see gold as money, crypto as currency, and dollars as fiat.
What do you think will happen once paper stocks of bitcoin come into play?
The setup looks good for naked shorting (selling bitcoin that that they don't really have). Then when it comes time for deliverly either you roll over your contract or get liquidated with fiat.
Just like gold, either you have it in your hand or you don't have it. Bitcoin, either you have it in your wallet or you don't have it.
I dont get why someone would buy bitcoin through futures insted of just making a bitcoin wallet and buying the coin yourself.
Sure is interesting times we are living in.
It'll go down if some random dipshit makes a disparraging announcement about it or some country bans it.
ban Bitcoin and the price goes down! Throw some bluff news prices goes down -.- Well that's just how the market is
if prices drop alot i will power down to buy.
:D
@skeptic right, but would that happen in the near future ? :p
i dont see it happening but if, lol if...
im just glad i got what i did when i did
:D
yeah maybe for a day or two. lol
31mill couldnt stop bitcoin.
:D