When do you think that Bitcoin will reach the long-awaited price of 100K USD?
This year28.6%
Next year57.1%
Another date14.3%
7 votes \ poll ended
1 sat \ 3 replies \ @BlokchainB 3 May 2023
My opinion:
People are getting sick and tired of the fiat system and how it enslaves all of us but if Bitcoin is going to mean anything people who produce goods and services will have to demand it.
People have to want Bitcoin for food water clothes entertainment.
As of today you have to do all kinds of funky stuff to spend Bitcoin in the real economy. Send it to companies like bit refill or the bitcoin company, to get gift cards that are denominated in usd to buy your goods and services. Most vendors will not do business in BTC because it’s not useful to them now. Couldn’t be an oversight in 20 years sure but as of today it’s not useful so they don’t want it .
Sure it’s fun to zap people on nostr and to pay people sats for articles that they write (I have tipped Darth many of times on his substack) but on mass no one wants bitcoin for things that actually matter in the world like food water and energy.
Even if you wanted to start your citadel today 99% chance the contractor you hire to drill your water well will want usd. The power company that extends power to you will want usd. The internet service provider you NEED to even send bitcoin wants usd.
Price matters if you think it doesn’t you are fooling yourself.
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150 sats \ 2 replies \ @Maximux OP 3 May 2023
Good reflection. Bitcoin needs massive adoption to be able to displace FIAT money from the financial system. Daily trading use of BTC is a direct path to reaching that goal. It is important to closely observe the case of El Salvador, where they are pioneers in large-scale adoption.
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1 sat \ 1 reply \ @BlokchainB 3 May 2023
Exactly I respect Darth’s passion but we just aren’t there yet where we can drop USD all together.
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100 sats \ 0 replies \ @Maximux OP 4 May 2023
I am a defender of freedom of expression and I believe that the diversity of points of view enriches democracy (and more so at a time when all kinds of dictatorships want to flourish). And I also want to say that all the Bitcoin maximalists have my admiration and respect.
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1 sat \ 13 replies \ @DarthCoin 3 May 2023
I don't give a shit if is 1 or 1M.
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0 sats \ 12 replies \ @Maximux OP 3 May 2023
Why do you say that? You would not want to see Bitcoin reach 100K and then continue to rise and reach total dominance of the entire global financial system.
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10 sats \ 11 replies \ @DarthCoin 3 May 2023
No. That's bullshit.
That is fiat mentality, is like you will ever sell your BTC back for fiat.
The whole point is that YOU NEVER GO BACK TO FIAT, so why would you care how much worth in worthless fiat ?
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0 sats \ 10 replies \ @Maximux OP 3 May 2023
I am going to explain from the financial and social psychology point of view. The fact that the BTC increases its value in the market causes people who have not been able to see its real value (there are millions of people) to be interested in acquiring it. It is like gold or diamonds, which are acquired for their high market value. You have to be able to understand that the financial value of the assets is very important for their adoption.
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0 sats \ 9 replies \ @DarthCoin 3 May 2023
Anybody that want to acquire BTC because it will increase in value:
- do not understand what really is bitcoin
- will get rekt because they will sell it to first big drop
- are fucking morons
YOU WILL REMEMBER MY WORDS
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0 sats \ 8 replies \ @Maximux OP 3 May 2023
But don't you think that the central objective is to get millions and millions of people around the world to join the Bitcoin Community?
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113 sats \ 3 replies \ @DarthCoin 3 May 2023
Not with price polls.
I prefer people to get into bitcoin because they want to fuck the govs not to get rich in worthless fiat shitcoin.
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100 sats \ 1 reply \ @Maximux OP 3 May 2023
BTC has a strong fight ahead against FIAT currencies. For this reason, the use of various techniques, mechanisms and instruments should be used to promote the adoption of Bitcoin. It is not an easy task to update people's mentality, and it should not be imposed. Adoption should be the result of citizen awareness.
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0 sats \ 0 replies \ @ek 3 May 2023
this
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0 sats \ 3 replies \ @ek 3 May 2023
The point is:
The "adoption" will be for the wrong reasons. A lot of people will flock in because BTC reached 100k (or whatever the new ATH will be) and then will get burned when it crashes (because a lot of noobs just joined which are easy to manipulate).
Therefore, huge price spikes can actually be considered to do harm to sustained adoption.
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0 sats \ 2 replies \ @DarthCoin 3 May 2023
With the actual level of idiocy in this world, I would prefer to not be any mass adoption. I prefer that BTC is only for people that use their brain.
FUCK THE REST of NPC.
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