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RE: For those that may have missed the memo, I am sticking to a Target Price for Bitcoin at a minimum of $1,000,000.
Dang that’s a bullish prediction but I think we would all love for this to be true one day !! 🤞🏽
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I do not believe this is a bullish prediction.
We don't even have a market yet, to have bulls and bears. We aren't even in the early adopter phase.
What we are betting on is smart-phones while everyone is gaga over the razor (flip phone)
Any real adoption will send bitcoin over $1,000,000
The only question is whether this money movement will kill the dollar as people stampeded for the exit.
You seem to have a pretty good understanding of crypto, in general. Do you not think some other notable alts will take over the cryptoverse and surpass BTC in the future ? BTC is obviously leading the charge for now, but wrapping my head around 1 or even 10 mil is quite difficult to fathom, at least for right now
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Basically bitcoin will be used to settle debts between nations.
Kinda hard to make change when a satoshi is worth $1 and transactions fees are $100.
So, other coins will be used as money.
BCH will either be one of them or die. Hard to tell with the BSV kerfuffle. But, it is being set up to be a means of exchange. It will be worth a lot.
LTC is my favorite for buying things with in the future. Basically, they already did what BCH is doing now, and they didn't fork, the started anew, so all of those BTC that were tied up in a few accounts won't have the possibility of reemerging and messing up the price. LTC is working very hard at getting POS into stores.
DGB is my next favorite.
Then there is utility tokens. They will do the best, if they do what they set out to do.
Veritaseum will probably equal BTC prices, if they actually take over some exchanges. They are tokenizing stock markets and such.
NEO is making headway into worker payment. If they get there, it will be the platform that most workers get paid through.
Dent... If they ever get any of the bigger cell phone carriers, then the minute swapping will be huge.
Remember, do not bet the house.
Bet only what you can afford to lose.