Quote:
Originally Posted by Enoch Root
Being expensive makes it more stable - in the short term, yes. But getting increasingly expensive (and you are proposing it on an exponential level) does the exact opposite. It creates its own headwinds and is ultimately self-defeating.
As for appeals to authority - lol. Global financial markets are the single biggest game there is. It incorporates literally everyone (well, everyone who has any financial assets). 'Joes' as you refer to them, think they are relevant, but are not (even when millions of them band together). 'Whales' can be relevant in the short-term, because others will follow their actions. However, the markets dwarf even the largest whales by magnitudes. And then some. No one - not whales, not even countries, can manipulate financial markets in the long term. Anyone who appeals to authority when it comes to global finance, simply does not understand global finance.
You're going to have to do a lot better than that, to make any kind of case for $1M BTC.
|
I am proposing a 10x over 7+ years with a finite supply that will be reached shortly after that time...nothing crazy
I mean I posted it would be over 20k by the end the year last april and was lol'd for "not understanding financial blah blah blah" 70k right now by the way
Smarter money than you or I is buying billions of dollars in Bitcoin right now. Why? none of them grasp the financial markets like you?