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Replying to Avatar Lyn Alden

The current price for some bitcoin is about $36.5k, since the price is set around the margins. That price is liquidity constrained. If someone wants to buy a lot at once, it'll be at a higher price.

Unless someone can hack or break the network, the price for any of *my* bitcoin starts in the six figures, and even then only slowly in small fractions, depending on what else is happening and what else I can buy. And a lot of people are like that, probably two-thirds of bitcoin hodlers.

Bitcoin is my preferred money. In order to make me part with some of my money, I need to see something I want/need to consume or an investment security that I expect to outperform my money on a risk-adjusted basis. That's not an easy hurdle.

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Dash 2y ago

I'd say the price should be similar to a seat on a lifeboat on the Titanic. If you were sitting on one of those and someone tried to buy it off you how many prices of paper would it take? 1 million? 10 million? Maybe they could offer you a 1 trillion dollar coin for it. How much monopoly money is enough to give up your one chance of survival?

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