How High Will Bitcoin Go?

in bitcoin •  6 years ago 

MoonShot.png

People have been talking about moonshot bitcoin for as long as there has been a steemit.

But, what does this really mean?

Will we see 1 million bitcoin? Will we see 1 billion bitcoin?
If that number was in Zimbabwe currency, then the answer is...

But seriously, will bitcoin be $1,000,000 dollars US each?
The answer is undoubtedly.

Will 1 billion US$ for a bitcoin be offered?
The answer is yes, but that would be a really bad trade.

We have several things happening at once.

  1. We have crypto currency adoption starting to take place.
  2. We have a destruction of the old financial system; Federal Reserve Note is going to zero.
  3. We have manufacturing and technology about to take a giant leap forward.
  4. Transparency of the financial markets will be demanded.

So, we will have cryptos going up in value
while the dollar drops in value
while purchasing power rises.

The only question is the timing involved.

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Timing is a weird thing.

You could look at all of these points in the future as destination along a train track.
Getting to these points is all but inevitable.

The question is, how fast will the train go?
(and we, as the creators of our future have the ability to let the train rot to dust)

Looking back, everyone will write about this monetary evolution as one instance.
Just like we talk about the great depression as one instance.

But, going through it.
Trying to navigate around the pit falls that will be is anything but "one instance".

- - - - - - -

So, many will ask, which one happens first?
I want to know so that i can put all my eggs in one basket and come out the best.

The answer is, unsurprisingly, you can't.

No matter how much you look into the future, you can't make money off of it.
What creates money is people solving new problems and blazing a trail.
Thus, just putting your faith in cryptos and any amount of money will make you comfortably wealthy.
But, trying to outsmart the system, to bet it all on red 27 will not work.

But, but, you really do not need to try so hard.
As stated, one bitcoin will surpass one million US$, and that is enough to live through the coming depression.

The 2¢ post you create on steemit will buy about $200 of groceries (in today's buying power) in the future.
We are truly at the cusp of the greatest wealth transfer in human history.
Even a tiniest trickle of this flow will set you on easy street.

But, only if you will use this money to improve the world.
Because, along with this giant moving of money, there are all kinds of dead ends.

Derivatives are going to vanish.
People's retirement accounts are going to vaporize.
The DOW 500 is going to look like someone took a shotgun to it.
And, gold and silver are going to be worth huge amounts... and then worth nothing.

- - - - - - -

My advice is to buy / earn as much cryptos as you can without going into debt.

I would suggest not playing in the crypto exchanges unless you are ready to lose everything.
During this time many exchanges will do an impression of MtGox.

Diversify. Have some cash, have some silver and have some bitcoin.
More importantly, have some food.
And don't store it all in one place.

Start creating the sustainable lifestyle you want now.
All of those things that you feel keep you back, like worrying about paying the mortgage, will be nothing when you look back. Not only is it not worth trying to save the suburban house, it may kill you to try.

Start thinking about online businesses that accept cryptos.
We are at the beginning of adoption. The business you start today may be the next amazonium.

Really just start letting go of the worthless things in your life.

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All images in this post are my own original creations.

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We are in the transition phase at the moment and the best is near. :)

Posted using Partiko Android

Even thought it is painful I'm going to keep blogging and earning here and buying more crypto. Hopefully this bear market doesn't last as long as the last one.