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A comment on Bitcoin Exchanges Are Buckling While the Price Surges Past 16,000. Parent comment

Re:Bitcoin Exchanges Are Buckling While the Price Surges Pas... by scrumper on Thursday December 07, 2017 @01:02PM (#15872360)
So, I like this line of reasoning. I'll extend it, on the ridiculously generous assumption that 10% of gold holdings will shift into BTC.

$300tn * 0.005 * 0.1 = $150bn.

That's my stab at a fair upper limit for a supportable market cap for BTC.

EDIT so I guess that makes me a short. I'd better sell.

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Re:Bitcoin Exchanges Are Buckling While the Price Surges Pas... by VVayneTracker on Thursday December 07, 2017 @01:25PM (#15872590)
10% seems highly optimistic. I would imagine it be ing an order of magnitude less. Then again. When humans are involved....
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