People keep citing Celsius as a model, so I though
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Posted On: 03/21/2018 7:52:44 PM
Re: modified75 #42350
People keep citing Celsius as a model, so I thought I'd do a little research.
Five years ago (pretty much to the day), Celsius was at twenty cents. Less than one year later, it crossed the $1 mark. Two years later (three years ago), still $1. Then the next spike began. It crossed $3 in Spring 2015, hit $4 about a year ago, and is at $5 today, having peaked at $6.48 last September.
It's not apples-to-apples, of course. Different product, different company, and we're nowhere near twenty cents yet. But let's give us, conservatively, six months to hit twenty cents. A parallel path would put us at $5 in mid-2023. That's about a 400x bump. $1,000 today = $4M in 2023. (I'm hoping my math-in-my-head is correct here.)
This comparison may actually be conservative. CBDs are a uniquely high-potential product. They're great for you (personal testimony to that!), they're riding the marijuana wave, and they're getting more buzz daily.
Buy and hold is right. Somebody want to spot me $1,000?
Five years ago (pretty much to the day), Celsius was at twenty cents. Less than one year later, it crossed the $1 mark. Two years later (three years ago), still $1. Then the next spike began. It crossed $3 in Spring 2015, hit $4 about a year ago, and is at $5 today, having peaked at $6.48 last September.
It's not apples-to-apples, of course. Different product, different company, and we're nowhere near twenty cents yet. But let's give us, conservatively, six months to hit twenty cents. A parallel path would put us at $5 in mid-2023. That's about a 400x bump. $1,000 today = $4M in 2023. (I'm hoping my math-in-my-head is correct here.)
This comparison may actually be conservative. CBDs are a uniquely high-potential product. They're great for you (personal testimony to that!), they're riding the marijuana wave, and they're getting more buzz daily.
Buy and hold is right. Somebody want to spot me $1,000?
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