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Ultra

It had to be: The INSANE ULTRA LONGTERM BTC chart !!!!This is half fun, half serious. For all of you that plan to live 100+ years like myself (watch Aubrey de Greys theories on life extension and longevity!), this chart is a serious thing to consider, when planning your future home on Mars. Those tickets with SpaceX's spaceship won't be cheap!!! Also, those life extenstion therapies also won't be cheap. So we carefully have to plan this stuff, hehe. Fortunately, BTC kinda tells us, where this might be going (still half serious). If we'd extrapolate the current behaviour into the very far future, and look at other Type 1 technologies (in as technologies of an emerging Type 1 civilization such as us, the internet being another example), we can assume that bitcoins growth will take decades until it reaches saturation. The internet started in 1969 with a network of 4 computers. Yes. 4! It took the internet 7 years to grow to 100 hosts. In 1989, it reached 100k, but still a lot more room to grow. Tim Berners Lee then invented the WWW at CERN. It went public in 1993, reaching 1 million hosts. 2 years later already 10 million. And now, in 2018 it seems that we finally reach saturation at around 1 billion web hosts. Here is the chart for internet host growth: upload.wikimedia.org So it took the internet almost 50 years from zero to saturation. If we assume that bitcoin, as a decentralized network, shares many similarities with the internet, it is not crazy to assume that bitcoin will also reach saturation 50 years after its creation, so around 2058. Thus, translating that to bitcoin price, saturation may lie in the very very far future, at 5-6 million USD, according to the current price trend. Such longterm charts are of course crazy, because so much can happen between now and the very far future, it is funny and entertaining however nonetheless to speculate about such things. I for one tend to cash out a few coins around 2050, for my trip to mars. It will be an awesome time there, Elon's also gonna be there, we'll have some insane parties at 1/3 earth gravity. Don't take this chart too seriously :) But still, who knows? A lot of crazy stuff happened in the past, from first flight in 1903, to first man on the moon in 1969. That was freaking crazy, wasn't it? So why should this be impossible :)
BNC:BLXLong
by SebastianofMoon
20
TA for the mentally retarded: BTC to 40 million USD by 2020 !!!!I found it funny how many charts are published here on tradingview based on so called TA, calling for 1 million USD by 2020 and the like, hundreds of k at least, all within 2 years. I found that so funny indeed, that I was embarassed to be only calling for 100-200k by 2021-2022, that I had to do my own super solid TA, based on.... hold on: LINES. Yes, LINES. I drew 2 lines in the log chart, randomly connecting the 2011 and 2013 bubbles, and to my amazement, I found out, that this leads to 40 million USD by 2020. Genius !!! LINES IN THE LOG CHART !!!! 40 million USD by 2020 !!!! But wait, that's all? Only 40 million? So my stash is worth only a few hundred million USD? Are you kidding me? WE NEED MOAAARRRR !!! But do not worry, for the TA is on our side, and the TA DOTH NOT LIE ! No, sir, it always tells the truth, and the mighty TA speaks: 10 billion USD in 2024 !!!! Ahh, now that sounds better. Now we're talking ! You ever wanted to buy NASA and make them build the Saturn V again, but this time 100 of them? No problem ! You can do it in 2024 !!! You every wanted to buy the country you live in and proclaim yourself emperor? No problem, just wait till 2024! And all that CONFIRMED by super solid TA based on LINES in the log chart connecting peaks, THE PURE GENIUS BEHIND THIS ! THE LINES DO NOT LIE, THEY NEVER LIE !!!! Especially not the ones connecting peaks XD
BNC:BLXLong
by SebastianofMoon
15