There are a few unknown factors with that: Nobody knows if it will ever settle. If the price will be high most people will give up sooner or later. Seeing what progress was made since the start of BTC, it can still take decades before, what fans hope will happen, will be achieved. Many attempts to invent something ends in a failure. The longer it takes to make the invention work, the more investors will abandon ship. Many inventions never reach the level they were expected to reach. Successful inventions are being copied quickly and reduce the financial benefits, and can even wipeout the profits completelly if the competitor is better. There are now over 10,000 crypto's. Who will survive? Watching history: Netscape beaten by Microsoft. Lotus 1-2-3 spreadsheet beaten by Microsoft Office. Blackberry beaten by Iphone. AOL beaten by ... Betamax beaten by VHS. General Motors beaten by Tesla. ... BTC beaten by ??? Maybe BTC will make it in this list:https://stacker.com/stories/2525/30-biggest-scams-modern-history
Ouch, that would be lethal for the fans. The fans have the same mental problem as the Russians who support and believe Putin. Putin uses the same method to manipulate (most of) the Russians.
WHOA!! WTF??!! Did I just get unblocked by virtusa-is-liar?? virtusa-is-a-liar, you must be getting very desperate, I'm going to bet that you have lost most of your clients because they got tired of losing money with you, am I right or am I right?? virtusa-is-a-liar, your ass-kissing is no longer working on the rich?? Why don't you post your fake winning trades here and maybe we can invest $5 or $10 for you to lose just for entertainment, BWAHAHAHAHAHAH Bitcoin will be worth $500K each before 12/31/2025 Bitcoin will be worth $1M each before 12/31/2029 And you, virtusa-is-a-liar will continue to suffer losing clients virtusa-is-a-liar, you can keep eating you know what from dirty diapers so you can afford to buy a burger or something
You really sound like a Russian: Making up stories without any proof. I have no clients, I never post any trade and I surely don't need your small money. You clearly have mental problems as you cannot distinguish the difference between reality and your fantasy world. Writing language that is used by marginal and uneducated people, like from a small Russian village. If you watch the excel I posted you should become desperate (but you lack the intelligence probably, no ... certainly). You imagine things, I show hard proof. But crypto fans don't like real numbers, they prefer to live in a fantasy world.
Whoa, you hate Russians, too, virtusa-is-a-liar?? Did you get violated in your anus by the Russians, virtusa-is-a-liar?? BWAHAHAHAHAHAHAH You can't keep your lies from being exposed, virtusa-is-a-liar!! You said you're a CTA, a cuckold trading advisor, virtusa-is-a-liar and now you're denying that you have clients?? Why don't you post a screenshot of your trades, virtusa-is-a-liar?? We promise we on't laugh too much at the small value of your trades, virtusa-is-a-liar BWAHAHAHAHAHAHAHAHA
I suspect you both are describing sides of the same coin. Without having watched the video (saving it on my watch list for weekend) if it already covers what I'm about to say: What the markets do is to take an initial wealth distribution and transform it into an exponential one. To see why that happens, model final wealth as a product of random trade outcome wealth multipliers. Let's say you could either increase your wealth by 15% or decrease it by 10% every year (or whatever interval or multipliers). Then your final wealth will be something like InitialWealth * 1.15^Wins * 0.9^Losses. Whomever happened to get a lot more wins than losses will be massively more wealthy than everyone else. And as we know from the binomial distribution, those cases are rare. So, at the right tail, you will necessarily have some obscenely wealthy people that simply were very lucky. In reality, for most people it's not about making wealth altering choices even every year, but a few critical choices with huge multipliers. Of course, as we know, a guy like Musk is not where is he just because he was lucky, so it's a way simplistic argument. It also leaves out other important effects, like minimum living costs being a much greater proportion of a poor person's income. Nonetheless, in aggregate it's not an entirely unreasonable thought that in the way markets are designed, by chance alone, some people will necessarily become obscenely wealthy compared to the median person. Obviously, I got this idea from somewhere but I can't remember the link or search term. If someone would enlighten me what it's called I would be more than happy.