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What is your Moon? (self.Bitcoin)

orpel が 投稿

1 million doll hair bitcoins... complete monetary revolution... financial transparency or total obfuscation.. what is your Moon?

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[–]bitpotluck 19ポイント20ポイント  (3子コメント)

My moon landing is $20,000/BTC.

Space boots gathering dust though...

EDIT: In the end, I suspect most people's "moon" would be a personal value where they can pay off debt or buy something nice or go travel.

$20k is like the moons of Jupiter. Earth's moon for me calculates to around $7000. I'd be debt free and unshackled from slavery.

[–]StressOverStrain 1ポイント2ポイント  (0子コメント)

I'd be debt free and unshackled from slavery.

Ah yes, the evil bankers forced you to take out a loan at gunpoint.

[–]rePAN6517 1ポイント2ポイント  (1子コメント)

$20000/btc would leave me with a new car

[–]tmornini 0ポイント1ポイント  (0子コメント)

Or, you could keep your coins and wait till they're worth a house...

[–]whiplash2333 11ポイント12ポイント  (13子コメント)

After accessing the bitcoin market at the worst possible time my dollar cost average is through the roof... currently sitting at $900 a coin. My moon is just attaining these heights again so i can gain back some cash.

[–]orpel[S] 5ポイント6ポイント  (1子コメント)

That's fair enough, my friend did the same at $800. Chin up.

[–]theivien 0ポイント1ポイント  (0子コメント)

Cos we all know it can only go better from here right ;)

[–]rePAN6517 1ポイント2ポイント  (8子コメント)

Hang tight. Fundamentals keep improving and we're only a little over a year away from the next halving. In my opinion that will be a huge bullish driver of the price once people start seeing it as "the next thing coming up in the world of bitcoin".

[–]realhacker -1ポイント0ポイント  (7子コメント)

actually, the original fundamentals touted around have now been shown to be bullocks. anonymity? nope. coinbase bans people by monitoring their transactions. fast? nope, 2.7 txn per sec at best. robust? nope, for $5k a day the network can be denied. no fee transactions? nope, service layers on top, like atms, lead to 25% fee on small txns? decentralized? y..nope. increasing centralization, not to mention the handful of bitcoin lords who hodl 99% mktshare. flexible? nope, cant even implemented blocksize increase, 1 line of code. I could go on, but I think the only fundamental left is DNMs. my prediction 1 year from now btc is trading sub $60

[–]rePAN6517 3ポイント4ポイント  (0子コメント)

anonymity

Bitcoin never purported to be anonymous.

fast

Paying with bitcoin is just as fast as a credit card, and for money transfers, bitcoin is orders of magnitude faster.

robust

Bitcoin has basically worked as advertised for over 6 years now. 51% attacks are increasingly difficult, impractical, and expensive to attempt.

fees

You can set whatever fees you want. I often send bitcoins with zero fees and have never had a problem. Coinbase spread is very small and fees are low. Many exchanges have zero trading fees.

Decentralized

There are thousands of nodes.

Flexible

Any changes to the protocol can and will be made once options are laid out on the table, evaluated, and a consensus for the best option emerges.

You say you still own bitcoins yet expect it to be sub $60 in a year. You're a hypocrite and you bash your own self-proclaimed investment. You're irrational and can be ignored.

[–]hellobitcoinworld 0ポイント1ポイント  (4子コメント)

my prediction 1 year from now btc is trading sub $60

So then you must have sold all your bitcoins already? Otherwise you're just spouting nonsense, proving you don't believe what you're saying.

[–]realhacker -2ポイント-1ポイント  (2子コメント)

no, I was able to mine bitcoins that I still hold in case im wrong. ps - care to address my points instead of diverting to my beliefs? what ive said really doesnt have much to do with belief other than my price speculation

[–]rePAN6517 2ポイント3ポイント  (1子コメント)

It doesn't matter if you mined your bitcoins. If you think the price will drop, the rational actor would sell their coins now before they drop in price. You are not acting rationally.

[–]realhacker -3ポイント-2ポイント  (0子コメント)

honestly, I dont need the money. bitcoin was just a toy I played with in the past. I am not hodling because im stuck with a bag and ive never looked at bitcoin as an investment. imo, you "rational" speculators are everything that is wrong with btc. if you were rational, you poor fucks wouldn't be buying virtual lottery tickets with your minute disposable income

[–]ikilled -1ポイント0ポイント  (0子コメント)

Put your money(bitcoins) where your mouth is: https://www.bitbet.us/

[–]theivien -1ポイント0ポイント  (0子コメント)

what about about teh childrens ;( teh blockchain mines teh freedoms of the childrens ! without it teh childrens will be in teh shackles.

[–]dellintelbitcoin 0ポイント1ポイント  (0子コメント)

just do like what i did, go gamble it all, and then start over :D

[–]theivien -3ポイント-2ポイント  (0子コメント)

Funny how people hold on to overvalued assets long past the point where it still makes sense and then try and convince others that their overvalued assets are good and that everybody should also buy the overvalued assets ;) Almost like Stockholm syndrome no ?

[–]notreddingit 11ポイント12ポイント  (0子コメント)

$100 was pretty wild. Definitely didn't expect that to happen so quickly.

Lots of people in this sub had just gotten rich and were throwing money around like crazy. Largest tip I saw was worth $5000 at the time.

The ultra high numbers don't really make a lot of sense considering the demand needed to offset the monetary base inflation via mining. At least in the short term anyway. After a few halvings either the network will become a lot weaker from lowered incentive to mine, or the price will be high enough that mining 3.125 BTC per block still equals a similar amount of value to when the block reward was double that. It's possible, not sure how likely it is but it will be interesting to see how it works out.

Lots of big question marks for the future, as I doubt fees will be sufficient. Meaning the price of BTC really has to go up quite a bit or else the security of the blockchain will decay. Which isn't exactly an attractive proposition for investors.

[–]Ant-n 7ポイント8ポイント  (1子コメント)

20MB... :)

[–]IttyBittyCoins -1ポイント0ポイント  (0子コメント)

gives Ant-n a soft pet on the head

Who's a good boy.

[–]shadows_collide 5ポイント6ポイント  (0子コメント)

The moon for me would probably be $10K and the possibility to use BTC for absolutely everything, I don't want to sell my coins for fiat ever.

[–]needsomehalpls 3ポイント4ポイント  (19子コメント)

1 BTC > 50.000 USD and up is 'The Moon' Imo

[–]smidge 0ポイント1ポイント  (3子コメント)

Thats a Mkt Cap of roughly $725B. Pretty huge, but not impossible.

[–]IttyBittyCoins 2ポイント3ポイント  (2子コメント)

https://www.google.com/finance?cid=22144

[–]smidge 1ポイント2ポイント  (0子コメント)

I agree that is the Mkt Cap of only one company, but you listed the most valuable company in the world. If you take the average Mkt Cap of a public companies, you'd end up with a quite large amount.

[–]Cocosoft 0ポイント1ポイント  (0子コメント)

If Bitcoin were as known and widely used as Apple (and it's devices), I expect the Bitcoin price to be much higher than the Market cap of Apple stocks-

[–]kiisfm 2ポイント3ポイント  (0子コメント)

$100,000

[–]fiah84 4ポイント5ポイント  (0子コメント)

well I would be most pleased with $1000 again, I guess moon would be mostly anything north of $10.000

[–]Hakuna_Potato 2ポイント3ポイント  (1子コメント)

$1,000,000 / coin. Not that I want to get there immediately, but being on the way there will be the most exciting thing about it.

[–]hellobitcoinworld -1ポイント0ポイント  (0子コメント)

I think we will hit $1,000,000/btc in our lifetimes. Many years to come :) Maybe in 20-40 years

[–]TheIcyStar 3ポイント4ポイント  (6子コメント)

When the cashiers will say "Cash or bitcoin?"

[–]realhacker 0ポイント1ポイント  (5子コメント)

in what nonphilosophical way is btc superior to credit cards and cash?

[–]TheIcyStar 0ポイント1ポイント  (3子コメント)

Bitcoins are transferred directly from person to person via the net, this means there is no bank or clearing house. This makes the fees much lower, you can use them in every country, your account cannot be frozen, and there are no limits. The seller doesn't have to worry about chargebacks.

Try sending $1,000,000 to Zimbabwe, in under 10 minutes, without asking anyone for permission, and not paying a handsome fee to a third party.

[–]realhacker -1ポイント0ポイント  (1子コメント)

Bitcoins are transferred directly from person to person via the net, this means there is no bank or clearing house. This makes the fees much lower, you can use them in every country, your account cannot be frozen, and there are no limits. The seller doesn't have to worry about chargebacks.

except you need to deal with a less regulated, possibly scam based exchange to get your money out. fee calculation analyses have actually shown its much higher in reality. the chargeback issue means buyer gets fucked instead.

Try sending $1,000,000 to Zimbabwe, in under 10 minutes, without asking anyone for permission, and not paying a handsome fee to a third party.

what a ridiculous use case. has anyone ever needed to do this?

[–]blindagger 0ポイント1ポイント  (0子コメント)

Global remittance is a legitimate use case that can be as small or as large as the user would like. The fees are orders of magnitude smaller than third party middlemen.

[–]anti09 -1ポイント0ポイント  (0子コメント)

Try sending $1,000,000 to Zimbabwe, in under 10 minutes, without asking anyone for permission, and not paying a handsome fee to a third party.

If this is what you're selling, no wonder people aren't buying. That scenario will literally never occur for 99.9% of people. You're offering a solution in search of a problem.

[–]BitttBurger 1ポイント2ポイント  (0子コメント)

I'm still banking on the predictions from the smartest people in the space a year or two ago. Based on market share predictions. Those numbers were $30,000 per coin, or $40,000 per coin when things top out. That was under the assumption that bitcoin would (at the very least) match Amazon.com in market share around the world. Which honestly is but a tiny sliver of the possible market share.

[–]Elder_Yautja 3ポイント4ポイント  (2子コメント)

I'd be ecstatic with $10,000 a coin. I've got more than 20 that would give me over $200,000 (about £130,000 here in the UK) I could pay off my mortgage with that, and still have £20,000 to spare.

[–]Anenome5 2ポイント3ポイント  (1子コメント)

I could pay off my mortgage with that

But would you risk selling at that point?

[–]Elder_Yautja 0ポイント1ポイント  (0子コメント)

As opposed to holding on and seeing if it goes higher still? Yeah I probably would just sell them. The peace of mind I would be buying if I outright owned my house would be priceless, plus it would free up a lot of my income per month if I didn't have to pay a mortgage (money which I would redirect into other investments).

If bitcoin goes to $10,000 as far as I'm concerned its not worth waiting to see if it goes to $100,000. You can make 10x your money in other investments, and a million dollar bitcoin isn't going to happen. Bitcoin would have to increase $273 per day, every day, for 10 years straight, in order to be worth a million a piece. Its not gonna happen.

If it goes to 10k a piece, that's 40 times its current value. That's good enough for me.

[–]BitcoinHoldingComp 2ポイント3ポイント  (6子コメント)

With over $75 trillion in global M3 money supply which will be replaced with fewer than 21 million Bitcoin, my moon is about $3.5 million (in inflation adjusted dollars).

[–]Anenome5 1ポイント2ポイント  (1子コメント)

We might not see that in our lifetime tho.

[–]DIGITAL-not-Virtual 2ポイント3ポイント  (0子コメント)

Depends how old you are, but in half an average human lifespan from now us humans will be entirely superseded by sentient machines anyway, at which point the dollar price of a Bitcoin will be the least of our worries.

[–]Cocosoft 0ポイント1ポイント  (0子コメント)

I don't know much about Ms but isn't it better to go after M0?

[–]avesfan 0ポイント1ポイント  (0子コメント)

(in inflation adjusted dollars)

This is the part most people will not understand. At some point you won't want to exchange them for $.

[–]xspdr 1ポイント2ポイント  (1子コメント)

https://panteracapital.com/wp-content/uploads/Bitcoin-vs-Gold.pdf

"What could bitcoins be worth?" Page 5

[–]Sugar_Daddy_Peter 2ポイント3ポイント  (0子コメント)

Loss of faith / complete collapse in fiat and $5 million dollar equivalent spending power / BTC. That's the moon.

[–]smeggletoot 3ポイント4ポイント  (5子コメント)

It's funny how everyone is factoring price into their 'moon' utopias. For me, moon is a world without war, with bitcoin paving the way towards a resource based economy and true equality for everyone on the planet.

[–]tophernator 2ポイント3ポイント  (1子コメント)

I think that's probably because bitcoin is far more likely to reach $1 million than it is to bring about world peace.

[–]anti09 0ポイント1ポイント  (0子コメント)

Noting, of course, that both are so ridiculously unlikely that neither can be considered a realistic possibility.

[–]Anenome5 0ポイント1ポイント  (2子コメント)

a resource based economy

:|

No such thing and never will be. Want something close? Support capitalism, liberty, and the creation of robots and solar energy.

[–]jhaand -1ポイント0ポイント  (1子コメント)

And universal basic income.

[–]Anenome5 0ポイント1ポイント  (0子コメント)

And universal basic income.

Also no such thing, ala Say's Law. If you want to consume, first produce.

[–]o0splat0o 3ポイント4ポイント  (0子コメント)

21 bitcoins because then your one in a million (if not better), then what is that as a percentage of 7 billion people...all of a sudden you are within the 1% realm wealth on the planet.

[–]atleticofa 2ポイント3ポイント  (0子コメント)

500000 $ / BTC

[–]b_lumenkraft 1ポイント2ポイント  (0子コメント)

250 000€ per BTC

[–]_nightengale_ 2ポイント3ポイント  (2子コメント)

I would be happy with $3-4k. It feels like there is no way it can happen as deep as we are into the bear trend, but I'm sure people said that about double digits, triple digits, and quadruple digits. So to make it to $4k after an ATH of $1200 probably isn't statistically that outlandish.

[–]Anenome5 -2ポイント-1ポイント  (1子コメント)

The halvening in coming.

[–]bitlord666 -2ポイント-1ポイント  (0子コメント)

There's always going to be some magic cure just around the corner, surely it will fix everything.

[–]MeanOfPhidias 1ポイント2ポイント  (0子コメント)

The transformation of the world using a sound currency.

Probably in our lifetimes. Current nation states will go by the wayside like religious organizations/The Monarchy. Some third world or yet undefined digital nation will be like the new "America" and there will be some sort of revolution, albeit violence is unlikely.

States will continue to print their own currencies but future generations will view it like Gen Xer's view arcade tokens. Luddites will continue to serve the state just as they currently serve the church. Governments will still require taxes be paid in their sovereign currencies, however everyone will just convert crypto at the last second before the tax deadline to make a payment. Eventually the state will ask for donations once it can no longer support its military raids with it's monopoly money.

I can only guess at what will go away, I have no idea what it will be replaced by. Just because I cannot think of the solution does not mean someone else won't.

For those choosing dollar denominations as their metric... The Moon landing is when you denominate things in Bitcoin. It's when people say "A dollar is worth X bitcoin" not "A bitcoin is worth X dollars"

[–]Natanael_L 0ポイント1ポイント  (0子コメント)

Zero-knowledge proofs on compressed indexes for maximal scaling

[–]_Jorj_X_McKie_ 0ポイント1ポイント  (0子コメント)

I would just be happy to use my bitcoins at local eatery/brewpup/coffeeshops/food carts. Do that and 'moon' happens in due course.

[–]Submersed 0ポイント1ポイント  (0子コメント)

$5,000 is my personal moon level.

[–]PhyllisWheatenhousen 0ポイント1ポイント  (0子コメント)

Widespread adoption, I want to be able to spend bitcoin at any store and have the store accept it directly rather than through an intermediary like bitpay or coinbase.

[–]alistairmilne 0ポイント1ポイント  (1子コメント)

Would love to see the Bitcoin market cap exceed monetary supply of a small national currency. No idea what that might be per coin

[–]glasgowfeminist 0ポイント1ポイント  (0子コメント)

There used to be a site which had currency capitalisations. Certainly in 2013 it had a larger cap than quite a few national currencies, and maybe still does.

[–]SpontaneousDream 0ポイント1ポイント  (0子コメント)

Anything over $1,000 would make me very happy.

[–]giszmo 0ポイント1ポイント  (0子コメント)

Moon is when $$ are measured in ɃɃ in all major news outlets.

[–]magerpower1 0ポイント1ポイント  (0子コメント)

more than 1 billion users

[–]Cocosoft 0ポイント1ポイント  (0子コメント)

About $120k (which is about 1 million SEK).

[–]arruah 0ポイント1ポイント  (0子コメント)

$4000

[–]ivanraszl 0ポイント1ポイント  (0子コメント)

At current prices even at $500 you would double your money.

My moon would be $2000, but I would not sell if I was an investor. The idea behind holding bitcoins is diversification. One should only sell when he needs to convert it to physical things, like food or a car. Not to dollars.

[–]lifeboatz 0ポイント1ポイント  (0子コメント)

1 million doll hair bitcoins

are you saying when the dollar is worth the same as doll hair?

[–]thecureforstupid 0ポイント1ポイント  (0子コメント)

We are already on the moon. I can buy pretty much anything online with bitcoin, even though I may need to use a proxy service. I can get a bitcoin debit card and buy myself a beer in the supermarket with bitcoin.

It may not be direct wallet-to-wallet transactions, but all I see on my end is bitcoins. The 'magic internet money' is no longer magic nor restricted to the internet. It has become money.

[–]waynemor12 0ポイント1ポイント  (0子コメント)

I thought this was a thread asking for butt pictures.

[–]sumBTC 0ポイント1ポイント  (0子コメント)

Moon Turn Tides Gently Gently Away

https://www.youtube.com/watch?v=yh9Znh0KQas

[–]Vibr8gKiwi 0ポイント1ポイント  (0子コメント)

I think $20k or $40k is very doable. More is possible but less likely.

[–]jcdobber 0ポイント1ポイント  (0子コメント)

$5000

[–]pitchbend 0ポイント1ポイント  (0子コメント)

I would be pleasantly surprised if it reaches $500 ever again, I think the mainstream adoption as a paying method boat has sailed and that it will live on like a niche technology.

[–]thieflar 0ポイント1ポイント  (5子コメント)

When Satoshi is the richest person to have ever lived. Hopefully she will be the world's first trillionaire.

[–]Ditto_B 0ポイント1ポイント  (4子コメント)

*they

unless you know something we don't

[–]thieflar 4ポイント5ポイント  (2子コメント)

All I know is that the writing style of Satoshi is remarkably consistent.

If it was multiple people, they definitely chose 1 person to represent them publicly.

[–]Ditto_B 2ポイント3ポイント  (1子コメント)

They, as in the singular gender-neutral pronoun.

[–]thieflar 0ポイント1ポイント  (0子コメント)

Oh, I see what you meant now. Yeah, that would have been a better word choice.

[–]dunand 0ポイント1ポイント  (0子コメント)

$2000

[–]Noosterdam 0ポイント1ポイント  (1子コメント)

10M to 100M, though 100K is good enough for "to the moon" meme-level.

[–]Capt_Roger_Murdock 6ポイント7ポイント  (0子コメント)

Dude, 10 million per coin gives a "market cap" of 200 trillion dollars. I see that figure thrown around as an estimate of total global wealth, not money, wealth.

[–]Hiro_Y3 1ポイント2ポイント  (0子コメント)

Let's fix the boosters and figure how to break gravitational pull. Then we can set coordinates and discover the next frontier.

[–]blackmarble 1ポイント2ポイント  (0子コメント)

A few bitcoins buys a median priced house.

[–]Ditto_B 1ポイント2ポイント  (0子コメント)

ITT: /r/bitcoin searches for the fine line between optimism and delusion.

[–]CriticalToken 0ポイント1ポイント  (1子コメント)

Too many people are buying bitcoin like buying a lottery ticket, not a good sign. The best approach to adoption is clearly telling dreamers that the price could reach (insert any of the price comments here).

[–]Anenome5 -2ポイント-1ポイント  (0子コメント)

Do you think people didn't have this conversation about Microsoft stock early on.

[–]Uy9KC7OP2R2yn6TZVSMP 0ポイント1ポイント  (0子コメント)

$236

[–]timetraveller57 0ポイント1ポイント  (0子コメント)

Moon = global societal and political change, when block chain tech is used for multiple applications the world over.

[–]btcbarron -1ポイント0ポイント  (1子コメント)

It won't happen that way. No big numbers.

1 bit = $1 nice, simple and conservative.

[–]cashstronaut 2ポイント3ポイント  (0子コメント)

That's not even remotely conservative.

[–]usrn -3ポイント-2ポイント  (0子コメント)

When bitcoin is widely used and appreciated.

I guess the fiat system has to collapse first.