It had to be: The INSANE ULTRA LONGTERM BTC chart !!!!
This is half fun, half serious. For all of you that plan to live 100+ years like myself (watch Aubrey de Greys theories on life extension and longevity!), this chart is a serious thing to consider, when planning your future home on Mars. Those tickets with SpaceX's spaceship won't be cheap!!!
Also, those life extenstion therapies also won't be cheap. So we carefully have to plan this stuff, hehe. Fortunately, BTC kinda tells us, where this might be going (still half serious).
If we'd extrapolate the current behaviour into the very far future, and look at other Type 1 technologies (in as technologies of an emerging Type 1 civilization such as us, the internet being another example), we can assume that bitcoins growth will take decades until it reaches saturation.
The internet started in 1969 with a network of 4 computers. Yes. 4! It took the internet 7 years to grow to 100 hosts. In 1989, it reached 100k, but still a lot more room to grow. Tim Berners Lee then invented the WWW at CERN. It went public in 1993, reaching 1 million hosts. 2 years later already 10 million.
And now, in 2018 it seems that we finally reach saturation at around 1 billion web hosts.
Here is the chart for internet host growth:
upload.wikimedia.org..._Hosts_Count_log.svg
So it took the internet almost 50 years from zero to saturation.
If we assume that bitcoin, as a decentralized network, shares many similarities with the internet, it is not crazy to assume that bitcoin will also reach saturation 50 years after its creation, so around 2058.
Thus, translating that to bitcoin price, saturation may lie in the very very far future, at 5-6 million USD, according to the current price trend.
Such longterm charts are of course crazy, because so much can happen between now and the very far future, it is funny and entertaining however nonetheless to speculate about such things.
I for one tend to cash out a few coins around 2050, for my trip to mars. It will be an awesome time there, Elon's also gonna be there, we'll have some insane parties at 1/3 earth gravity.
Don't take this chart too seriously :)
But still, who knows? A lot of crazy stuff happened in the past, from first flight in 1903, to first man on the moon in 1969. That was freaking crazy, wasn't it? So why should this be impossible :)
Also, those life extenstion therapies also won't be cheap. So we carefully have to plan this stuff, hehe. Fortunately, BTC kinda tells us, where this might be going (still half serious).
If we'd extrapolate the current behaviour into the very far future, and look at other Type 1 technologies (in as technologies of an emerging Type 1 civilization such as us, the internet being another example), we can assume that bitcoins growth will take decades until it reaches saturation.
The internet started in 1969 with a network of 4 computers. Yes. 4! It took the internet 7 years to grow to 100 hosts. In 1989, it reached 100k, but still a lot more room to grow. Tim Berners Lee then invented the WWW at CERN. It went public in 1993, reaching 1 million hosts. 2 years later already 10 million.
And now, in 2018 it seems that we finally reach saturation at around 1 billion web hosts.
Here is the chart for internet host growth:
upload.wikimedia.org..._Hosts_Count_log.svg
So it took the internet almost 50 years from zero to saturation.
If we assume that bitcoin, as a decentralized network, shares many similarities with the internet, it is not crazy to assume that bitcoin will also reach saturation 50 years after its creation, so around 2058.
Thus, translating that to bitcoin price, saturation may lie in the very very far future, at 5-6 million USD, according to the current price trend.
Such longterm charts are of course crazy, because so much can happen between now and the very far future, it is funny and entertaining however nonetheless to speculate about such things.
I for one tend to cash out a few coins around 2050, for my trip to mars. It will be an awesome time there, Elon's also gonna be there, we'll have some insane parties at 1/3 earth gravity.
Don't take this chart too seriously :)
But still, who knows? A lot of crazy stuff happened in the past, from first flight in 1903, to first man on the moon in 1969. That was freaking crazy, wasn't it? So why should this be impossible :)