Why #Bitcoin is heading for $1 million
It is down to one simple word, "RESERVE"
There are so many people out there that are calling a target price for Bitcoin at: $8,000, $10,000, $20,000, $50,000, $100,000, $500,000......
These guys that have been able to set a target price for #Bitcoin are way, way, way smarter than me, as I have NO TARGET..!!
My starting figure for a target price for #Bitcoin is $1,000,000.
The ones that are attempting to set a target price are doing so without actually fully understanding what they are setting it against.
Earlier on I posted a comment that prompted me to share it and write this Blog.
People think I am crazy
People think I am crazy when I say #Bitcoin will hit +$1 million, but those that think I am crazy probably still believe in the crappy fractional reserve Banking System that we have.
Banks simply cannot print #Bitcoin like they can with the crappy fractional reserve Fiat System and the ones who are attempting to set a target price for #Bitcoin are missing one critical word and that word is "RESERVE"..!!
It is this simply word "RESERVE" that people really need to get their heads around.
For the ones who missed the comment I posted earlier, here it is....
It won't be long before the average home will cost 1 #Bitcoin..!! People think I am totally crazy when I say this but for sure we will see it. Just think about that, 16 million homes with sellers ready to sell their homes and only willing to accept #Bitcoin..!! ..and that's just homes, what about cars, boats, yachts, land, wines, gold, silver..... the list is endless..!! What people fail to understand is that Banks cannot print #Bitcoin like they can with the crappy fractional reserve Fiat System...!! It is simply down to the word RESERVE that people really need to get their heads around. Wake me up when we hit $1 million..!! Stephen
Measuring the value of #Bitcoin with a bunch of bananas
Recently I published a video where I tried to explain this.
With the help of a bunch of bananas hopefully you will get a better understanding of why #Bitcoin will continue to rise to +$1 million.
For the ones who missed it, here is the link....
How to measure the value of Bitcoin with a bunch of bananas and why it is heading to a +$1,000,000.
Thanks again for reading/watching.
Stephen
Please feel free to use the #Investors-Group tag for: Stocks, Cryptocurrencies, Commodities and Investment related Blogs.
Awesome post sir. The video is a wonderful addition as well and covers clearly all the necessary points for those who do not understand economics or history. I thoroughly enjoyed both reading and watching. 1 million USD is not super optimism but rather a well founded point of view. Hopefully some day we're using rotten fruit not for analogies, but rather chucking it at the central bankers on their way to the stocks. ... Wishful thinking on my part. Thanks again and Steem on. :)
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It will probably either need to scale or have Lightning Network and Schnorr signatures to enable transactions to happen off chain or multiple transactions to be confirmed with a single signature.
Some have said that if Wall St money starts coming in, that too will be enough, but most of those investors are risk averse. When you have a lot to lose, you're not betting on the most volatile market in the world.
If a financial calamity happened, then bitcoin might be seen as a safe haven, but I think that bitcoin might be the Yahoo! of finance because bitcoin technology is following a similar trajectory to the search engine wars of the 90's.
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Shared on twitter. Stephen
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Shared on LinkedIn. Stephen
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Shared on twitter. Stephen
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You are not crazy the fiat system is. Like Jim Rickards the policymakers at the Fed “think they are dialing a thermostat up and down, but they’re actually playing with a nuclear reactor — and they could melt the whole thing down”.
The race to debase has already started the reaction now we are just waiting for an explosion. So buying bitcoin makes perfecta sense in today's economy
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it can happen. that's incredible how far Bitcoin has come so far. it's only been 9 years. who knows what will happen in the next 10 years, and 10 years after that? I can't even imagine how much it will cost in the distant future, after what we've seen over the last 9 years. everything is possible
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There will be a lot of obstacles to overcome during the road to 1million, but nothing is impossible in the crypto world!
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I wish I bought bitcoin when I first heard about it
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With you all the way here Stephen.
It's so obvious there is no limit to the price of a Bitcoin!
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Upvoted!! Great post.
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When BTC hits $1M each, the fiat landscape will be so bleak and lots of people will vanish due to extreme poverty and self destruction.
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it needs someone who dare to be crazy to change the world.... good luck @stephankendal... keep your faith!
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Absolutely, well written. Love the anger behind for FIAT! Well, there are total 21Million Bitcoins which are going to be circulated and 7.6 Billion people on Earth; so be the 1% and get the Bitcoins while you can; forget the target, just collect and use it with your peers - don't just invest for speculation but for revolution!
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The point, you need to stop to measure it against the US dollar. Imagine the next step of the human race is to live without any form of money. The price of one Bitcoin will be meaningless!
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You are not only crazy ! We all are crypto crazy !! Your prediction is true . It will go higher and higher .
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I dont know if the Bitcoin will rise to 1Musd o not.
All i know is :
Bitcoin are limited in quantity
Crypto are used by 3M to 4 Millions peoples in the world
It's the best way to transfert large amount between countries without customs problems
Recently Amazon reserved their internet adress including e-currency (amazonbitcoin.com)
Several bank are looking to trade bitcoins
i think we are at the corner of the street.
2 ways are in front of us:
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Well if it gets there, or even close, I'll bet they won't be calling you crazy anymore.
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A bunch of bananas jajajaja This brotha is so funny he don'e even laugh... jajajaja
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