Bitcoin Forum

https://www.youtube.com/watch?v=9tIOcMjuPkQ&t=6m

Very possible if you look at the big picture. In the following years, like some people is pointing out already, look at the insane debts racking up on every country on the planet. So many bubbles about to burst. We only need a small amount of all that money to go into Bitcoin to make it go 6 figures.

https://www.youtube.com/watch?v=g2nXgK34HIM

Very small total supply, that will keep shrinking with every halving (not to mention every time some Bitcoins are lost forever), currently only a tiny 4 billion marketcap... (a company like Uber is approaching 50 billion marketcap fast, to give you some perspective). The potential for growth is insane but people is still attached to the last ATH as some sort of psychological limit. You aren't looking at what we have on our hands here with with tunnel vision if you see those tiny price predictions as the pinnacle of the Bitcoin price.

Yep :)

Word.

Just keep on accumulating as much btc as I can while I still can at relatively cheep prices...

i have seen many people predicting 1 btc to be worth $1,000,000 at some point, which is beyond insane. but now a well respected and quite an important bitcoiner says $250k per coin, makes me think he is simply not thinking in a realistic manner.

These predictions makes that newbies buy a bitcoin an expect to be rich in few weeks. Bitcoin could grow its price so much, but nobody can predict a price for bitcoin.

well, people ganged up on Harry Blodgett in 1998 when he said that AMZN will go to $400 eventually (when AMZN was $120 split adjusted) and he even lost the job during first internet crash because of his optimism. AMZN went to be $3600 now (split adjusted from Oct 1998).

People have notorious difficulty pricing in the long term trends.  

$250k and $1 are both more realistic than, let's say, $10k.

250K/BTC is possible, Roger Ver is right about the basic maths (billions people versus limited bitcoin supply)
But his prediction doesn't say when.
I assume it will happen in 5 to 50 years  :P

You mean 5 to 15 years :)

 8)

because it will either succeed or fail? best is to focus on realistic targets such as $1000 and after the $1000 price is reached, then focus on $2000.

10k is possible as a middle short term price, while we wait 250k, unless you think we may skyrocket directly to 250k

i prefer 50k in 5 years, 250k only will possible in 50 years

I don't know what the price will be if Bitcoin really takes off and reaches mass adoption.
But it will be a huge price.From 5 digits to 6 digits, if Bitcoin succeeds, everything is possible in my opinion.But it won't happen over night.It will take several years.

Hey I'm not going to be greedy, that will do me ;)

The OP's comparing with Uber really got me thinking! I mean we are tiny ecosystem and the possibility for growth really is insane when you think about it!

I guess everything is possible!

Meanwhile, we were scared off $300  ::)

So that would give Mr Ver the equivalent of $75 billion in buying power. I think the rest of the world may question the distribution issue a bit before it reached that stage.

I guess he will have sold of a big party by then.. It is always wise to distribute your assets, so being 100% in bitcoin is not smart, even when you beleive it will go even higher. Slowly selling of piece by piece on the way up is the safest way to play it.

And it isn't much different from people who monopolized telecomunication or acquired a lot of land when it was still up for grabs.

And 5 trillion USD market cap?

When people will care about the current issues of Bitcoin, go to a more realistic prevision on short term and stop to speculate in an unrealistic way for the short / mid-term?

No, Roger Ver, saying this won't do a lot of people buy Bitcoin just to see your prevision turns real. More one of the buy-bitcoin-and-help-the-price series...

Fact of the matter is that he is a bitcoin investor, and i wouldn't call his claims or expectations entirely honest, but if we are talking about bitcoin's price in
years - then by all means it should be correct. I'm even expecting five digit prices before 2020. The important thing here is to look at the big picture, not month-to-month oscillations (unless you're a short term trader)

real economy don't use this market cap.
bitcoin is real economy. http://imagizer.imageshack.us/a/img537/5737/vxQvDa.gif

It probably won't because M Ver will divest long beforehand.
Besides, does the world care that some mexican guy has 77 bil currently? Not in the slightest.
Risto had a good divestiture plan: basically selling 10% at each doubling above your average buy price.

R. Ver will sell most of his coins surely once Bitcoin is reaching the $5000-$10000 levels, and enjoy the rest of his life in Japan or wherever he plans to go to. Bitcoin at $250K is pure madness.

I'd be surprised if Mr Ver ever wanted dirty dollarinis again considering how tireless he's been in pushing BTC forward. Also at that level the need to cash out for anything other than taxes would pretty much be gone.

Roger Ver is ultra rich already.
He'll intelligently divest as and when Bitcoin hits landmark figures.
If Bitcoin does take off it will make some early adopters billionaires.

I agree. Everybody is thinking of "when he will sell" but the guy isn't in for selling his stash in the future. He probably intend to use it to buy things and invest. And with a 250k bitcoin, it will be very easy to use it for anything in the future.

The interviewer, the dollar vigilante, the Shemitah guy... how did that real estate venture end up working out?

5 tril, yeah maybe a bit much during next few decades.
If price will simply follow halving and increase in proportion to that, then my calculations show $250K in ~39 years or 2054.
Of course, the price does not have to follow halving exactly and in proportion, but it was fun to calculate.

5 tril today != 5 tril in a decade. 250k is a lot closer than we expect if Bitcoin continues to succeed.

250k per BTC, yeaaaaah......well......I cannot accept this idea, it just seems to crazy to me.

Maybe $2.5k, in the next couple of years.

$250k may seem crazy but everything is possible in long range. But I mean REAL long range. Not like 5-10 years.
He probably tries to speculate more for rise.

This is why i will always make surei keep at least 10-20 no matter what :) 

I think Roger Ver is right its possible, why not? Nobody controls it and it seems to go forward and up.

Absolutely this. With Bitcoin is all nothing. Satoshi knew it, thats why he said, if Bitcoin is still around in the future, it will either be worth nothing, or worth a lot. It doesn't take rocket science to realize this fact, thats why all those guys predicting low prices aren't looking far enough onto the future.

Most of the people predicting low prices aren't even looking at the present. The global tennis shoe industry is valued at $220 billion alone. If Bitcoin is as revolutionary as people insist it is there is no reason it shouldn't be able to at least compete with sneakers for attracting global investment.

2.5k per coin.... really?

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FQNzA9wo.png&t=557&c=T2LpQg0_COuE5Q

Look at how much things can change. 1 dollar seemed impossible in 2009, then 10, then 100, then 1000.. it all kept happening. It is meant to happen that we start obliterating past ATH's through time No one is ready for the real price of Bitcoin yet.

well, in the alternative universe Gil Amelio never invited Steve Jobs to return, his CTO adopted Windows NT (as she wanted to do) and Apple went close to bankruptcy before it was bought by HP for $1.5 bil in the "alternative" 1997.  

If he is an investor, you will complain because "he has an agenda", if he wasn't an investor, you would complain about how he doesn't put the money where his mouth is. Ultimately people will always complain.
Wences from Xapo said he believes in 500K-1Million per coin and I agree. Bitcoin marketcap is minuscule, look around. You aren't considering the potential for growth on this thing.

Bank of America Merrill Lynch published a bitcoin report, http://www.forbes.com/sites/kashmirhill/2013/12/05/bank-of-america-analysts-say-bitcoins-value-is-1300/

stating the value of bitcoin is $1300 then. There are a lot more development since 2013. So bitcoin could be worth lot more.

people are excited about the next halfening - imagine after 5 more+

After five more we'll probably be cyborgs incapable of feeling excitement. Hopefully there'll be a little hermit in a cave somewhere who can feel emotion on behalf of the whole human race.

At US $250K in today's dollars, say 5 years from now, the block reward will be BTC 6.25, i.e. over $1.5 million, every 10 minutes.

Assuming all miners together are willing to tolerate electricity costs of 50% of rewards, we will have:

Amount of reward = $1500k * 6 / hour = $9M/hour.

Electricity used = $4.5M/hour.

At a cost of $0.10/KWh, this translates to power draw of 45 MW. Neat!

$9M/hour, or $216M/day, or $79B/year is also the amount of net new demand (including miner retention willingness) required for price stability. Those are not bad numbers; the $79B/year maps to each human on the planet buying 10$ worth of extra bitcoin each year.

Good calculation. $79B/year is nothing compared to the new fiat money supply. The US debt is $18,000B, it will take 227 year supply of bitcoin if its price is $250k.

Here's Roger Ver saying everything is just fine at Mt. Gox. (https://www.youtube.com/watch?v=y4SCAw264qM)

That guy has zero credibility. He's a convicted felon, too.

In the context of this, who gives a shit? It's just an idea of his which anyone is free to take or leave.

He sold some fireworks on Ebay. Scary!!!  ::)