Bitcoin Forum

 ???

That would be interesting too see.

(Maybe move this to speculation)

I highly dout it but I would cash in on it though if it did.

Many, myself included, think yes. But no one can see the future

Yes, could be 3 months or more away though.

or 3 years or 30 years :)

Yes. And given a few more years, I can also see it hitting over $1000.

Here's why: Bitcoin has everything to become a new major worldwide money & payment standard. It has enormous benefits (e.g. see here (http://bitcoinmedia.com/bulleted-advantages/) or here (http://whybitcoin.tk/)) and greatly fits with the uprise of information technology and the integration of internet in our everyday lives. At the same time, banks and governments are trying hard to destroy our existing euro and dollar based economy, undermining it with ridiculous credits, loans, creation of money out of thin air by the billions, and covering debts with even greater debts, ad infinitum.

Now, do the math: how much do you think is one 21millionth of the global economy (at least the part that deals in BTC) worth?

Sure, banks will disapprove. They see their old-fashioned wealth, monopolistic position, power and privileges melt away. Well, tough luck. It's the age of the internet, we don't need banks anymore to handle our wealth and payments. They can't put the genie back in the bottle.

absolutely  :D

i hope so

Yes but it will not stop there got no limit´s ;D

Not any time soon. The market would crash before it even hit $50.  Maybe someday in the very distant future when mining is no longer possible. Perhaps 2-5 years down the road.

It's hit over $30 before if I remember right, It did crash not that long after. As I understand it, crashing like that was probably because our market size was not big enough to cope with a price that high, so when everyone started selling (omg $30 - SELL SELL SELL), it dropped a huge wall. We recovered eventually, but it panicked many on the future of bitcoins.

The market is much bigger and players of the market are more careful not to see that happen again, so I am hopeful of a nice steady increase. I think surpassing what we had reach before is possible, how much past it I don't know. Of course if we start getting to really big numbers again, greed could easily get the better of some and they'll be stupid to sell large amounts all at once.

There are people sitting on tens of thousands of bitcoins just waiting for the price to go back up.   It will crash again soon enough.

for a sustainable price of 100Dollar I would want small android phonelike devices with solar panel on the back for about 25 Dollar or less so you can start building a local infrastructure to support it.

Now go and build them. I have no hardware backround. But when you do GLBSE it and I help with funding

A lot would have to change for bitcoin to hit $100/bitcoin. I think its possible but not likely any time soon.

Like what? More widespread acceptance?

Just give me a second, i take a look @ my crystal Ball ;-)

Nobody can know or say it now... we have to wait an look!

greets Chuck!

I just read that SNL is bringing back the Coneheads this fall and that they are going to be Bitcoin miners. You can read all the details at IRRC at \\Cc\\ under /e/.

Mining should be possible until 2041ish when all coins have been mined...unless i'm missing something

2144 ish - and then transaction fee's will cover it (well long before then, but there will still be a block reward over half a bitcoin until 2144ish IIRC)

Do the math. Currently running a single machine, mining is barly worth it. In december I can see the price nearly doubling. This is because the mining rate is going to be halved. Now tell me who is going to mine bitcoins and lose money? Nobody. If it isnt profitable, they wont do it. That will either cause them to crash or have a huge price spike.

... if the price doubles then mining will be exactly as profitable as it was before ...
Now, if butterfly delivers on the ASICS, i doubt there will be many gpu's going next year.

The only way I see that happening any time soon is if there's a major currency collapse which affects the dollar's value.  The Euro could collapse, but that would also push people to dollars, which would possibly decrease the $/BTC exchange rate.

Not if the rate you get coins is halved, and you are using the same amount of power.

... what? lol
okay, so block reward is 50BTC and they cost $10 each (for the sake of argument) - mining 1 bitcoin per day gets you $10
Then, block reward is 25BTC, price doubles to $20, the same hardware now gets 0.5BTC per day which is $10...

Of course, it won't be like that, there is nothing to even say the price will magically double because new supply is lower

absolutely true.
question is when.

Yes, but then the FED and US Gov will throw 0.0001% of their computing power in Nevada at the network and bring it down.

The times they are a changin'.  :D

When the user base is 10x the size it is now, the price should hit $100 easily.  I don't think that's unrealistic. We would only need less than a million users.

easy its only roughly a 1billion market cap which in the scheme of things is tiny.

If bitcoin is going to become an alternative international currency then its going much higher than that also.

google it, brings many results.

Depends on what pirateat40 wants :)