|
Title: 1 BTC = 2000 USD Post by: Ian Maxwell on June 08, 2011, 07:30:25 AM Since we've had threads for 2, 20, and now 200, I figured I might as well get this one over with as well.
If someone else wants to start the 20000 USD poll, be my guest. Title: Re: 1 BTC = 2000 USD Post by: Sean on June 08, 2011, 08:39:16 AM Should I go ahead and reserve the 1 BTC = 200,000 USD thread as well?
Title: Re: 1 BTC = 2000 USD Post by: kajoman on June 08, 2011, 09:37:16 AM Should I go ahead and reserve the 1 BTC = 200,000 USD thread as well? haha... Title: Re: 1 BTC = 2000 USD Post by: Urquan on June 08, 2011, 09:37:44 AM i' d say 2012 or later, but i hope by then bitcoin is seen as a Currency, not as a speculation or a 'money laundering'
Title: Re: 1 BTC = 2000 USD Post by: Nesetalis on June 08, 2011, 01:31:42 PM i say later simply because there are alot of people out there with some vast hordes of bitcoins... the scarcity we feel right now driving the price up, is artificial, once those hordes release, the prices will drop and normalize...
some people iwll horde longer.. so we will probably see the price hit 100-500$ this year i suspect, then drop below 100$ for a year or two and take much longer to climb back up. maybe. 8) Title: Re: 1 BTC = 2000 USD Post by: Sean on June 08, 2011, 09:41:26 PM i' d say 2012 or later, but i hope by then bitcoin is seen as a Currency, not as a speculation or a 'money laundering' I am really looking forward to this as well, and I'm certain that it will happen, and perhaps only after a huge market crash. Until then the price goes up though! I don't think BitCoin will do too well as a money laundering utility once some legal trusted BitCoin companies pop up. Title: Re: 1 BTC = 2000 USD Post by: em3rgentOrdr on June 08, 2011, 10:46:36 PM Since we've had threads for 2, 20, and now 200, I figured I might as well get this one over with as well. If someone else wants to start the 20000 USD poll, be my guest. I think a betting market in bitcoin would be more appropriate. And can have smart contract and automatic payout to the winners who predict the correct date. Title: Re: 1 BTC = 2000 USD Post by: legendster on April 29, 2013, 07:32:26 AM i' d say 2012 or later, but i hope by then bitcoin is seen as a Currency, not as a speculation or a 'money laundering' Made it to 250 in 2013 ;D & still not considered as a currency !Title: Re: 1 BTC = 2000 USD Post by: bit777 on April 29, 2013, 09:51:40 PM At least it is starting to shape up as a serious business now.
Title: Re: 1 BTC = 2000 USD Post by: Joerii on April 30, 2013, 06:21:37 PM Wow why did you dig up this old thread ? Let it rest piece bro
Title: Re: 1 BTC = 2000 USD Post by: Peter Lambert on April 30, 2013, 06:40:25 PM i' d say 2012 or later, but i hope by then bitcoin is seen as a Currency, not as a speculation or a 'money laundering' Made it to 250 in 2013 ;D & still not considered as a currency !Depends on who you ask. Some people consider it a currency, some people do not. Title: Re: 1 BTC = 2000 USD Post by: Evo on May 02, 2013, 09:53:42 PM I think that bitcoin is too unstable, and if this trend continues, it'll never reach a value of even $1000 per coin.
Title: Re: 1 BTC = 2000 USD Post by: bitcon on May 03, 2013, 09:26:08 PM my bitcoins are already worth $2000 each. i cant believe ppl are selling so low. 8) 8)
Title: Re: 1 BTC = 2000 USD Post by: Ferdinandreyes on May 04, 2013, 03:00:44 PM I think that bitcoin is too unstable, and if this trend continues, it'll never reach a value of even $1000 per coin. Really agree. I think that BTC don't will be strong stable never (or not in the nexts 5-10 years). But maybe we will see this price caused for the reduced number of bitcoins compared to population. Title: Re: 1 BTC = 2000 USD Post by: Stunna on May 05, 2013, 02:27:32 AM I think that bitcoin is too unstable, and if this trend continues, it'll never reach a value of even $1000 per coin. Really agree. I think that BTC don't will be strong stable never (or not in the nexts 5-10 years). But maybe we will see this price caused for the reduced number of bitcoins compared to population. I also agree, just imagine how many people would sell their bitcoins when they hit $1000 or $500 even. People fear the instability and want to cash out and hedge their losses generally. The bitcoin would have to crush fiat to truly climb. Title: Re: 1 BTC = 2000 USD Post by: Liquid on May 05, 2013, 09:50:22 AM 5 Years
Title: Re: 1 BTC = 2000 USD Post by: Peter Lambert on May 05, 2013, 06:40:13 PM I think that bitcoin is too unstable, and if this trend continues, it'll never reach a value of even $1000 per coin. Really agree. I think that BTC don't will be strong stable never (or not in the nexts 5-10 years). But maybe we will see this price caused for the reduced number of bitcoins compared to population. I also agree, just imagine how many people would sell their bitcoins when they hit $1000 or $500 even. People fear the instability and want to cash out and hedge their losses generally. The bitcoin would have to crush fiat to truly climb. 6 months ago people would have been saying the same thing about getting to 100 USD. But the people who sell have to be selling to somebody, so for every person who sold at 100 because they thought the price was going too high, there is somebody who bought at 100 because they think the price could go higher still and/or they think 100 is a good price. Title: Re: 1 BTC = 2000 USD Post by: kderaymond on May 05, 2013, 09:43:25 PM I think that bitcoin is too unstable, and if this trend continues, it'll never reach a value of even $1000 per coin. Really agree. I think that BTC don't will be strong stable never (or not in the nexts 5-10 years). But maybe we will see this price caused for the reduced number of bitcoins compared to population. I also agree, just imagine how many people would sell their bitcoins when they hit $1000 or $500 even. People fear the instability and want to cash out and hedge their losses generally. The bitcoin would have to crush fiat to truly climb. 6 months ago people would have been saying the same thing about getting to 100 USD. But the people who sell have to be selling to somebody, so for every person who sold at 100 because they thought the price was going too high, there is somebody who bought at 100 because they think the price could go higher still and/or they think 100 is a good price. It's interesting when you put it that way. It's a good thing to know someone has high hopes for the future of bitcoin. Title: Re: 1 BTC = 2000 USD Post by: kurious on May 05, 2013, 11:12:04 PM I think that bitcoin is too unstable, and if this trend continues, it'll never reach a value of even $1000 per coin. Really agree. I think that BTC don't will be strong stable never (or not in the nexts 5-10 years). But maybe we will see this price caused for the reduced number of bitcoins compared to population. I also agree, just imagine how many people would sell their bitcoins when they hit $1000 or $500 even. People fear the instability and want to cash out and hedge their losses generally. The bitcoin would have to crush fiat to truly climb. 6 months ago people would have been saying the same thing about getting to 100 USD. But the people who sell have to be selling to somebody, so for every person who sold at 100 because they thought the price was going too high, there is somebody who bought at 100 because they think the price could go higher still and/or they think 100 is a good price. It's interesting when you put it that way. It's a good thing to know someone has high hopes for the future of bitcoin. Hmmm.... Unless it stablises, it cannot be used to buy and sell things in the real world, until then it is only worth what speculation means it is perceived as being worth. I am a believer, but it's a long road to these kind of values and if it does 'spike' to 2000 bucks, a lot of damage when it crashes back down will make a lot of mess. People were buying at 250USD + recently, and they got burned. there will be a lot more money at stake at the 2000 mark, and it may not be good news. The price now is what we make it, it does not reflect a real value - there isn't one that is measurable other than in the actual bitcoin market propped up by the beliefs of those who hold - and trade in it. Title: Re: 1 BTC = 2000 USD Post by: zero3112 on May 07, 2013, 04:22:46 AM Haha :D
Title: Re: 1 BTC = 2000 USD Post by: lcq225 on May 07, 2013, 05:14:15 AM when,how and why？
Title: Re: 1 BTC = 2000 USD Post by: Babylon on May 07, 2013, 05:18:16 AM I think that bitcoin is too unstable, and if this trend continues, it'll never reach a value of even $1000 per coin. Really agree. I think that BTC don't will be strong stable never (or not in the nexts 5-10 years). But maybe we will see this price caused for the reduced number of bitcoins compared to population. I also agree, just imagine how many people would sell their bitcoins when they hit $1000 or $500 even. People fear the instability and want to cash out and hedge their losses generally. The bitcoin would have to crush fiat to truly climb. 6 months ago people would have been saying the same thing about getting to 100 USD. But the people who sell have to be selling to somebody, so for every person who sold at 100 because they thought the price was going too high, there is somebody who bought at 100 because they think the price could go higher still and/or they think 100 is a good price. It's interesting when you put it that way. It's a good thing to know someone has high hopes for the future of bitcoin. Hmmm.... Unless it stablises, it cannot be used to buy and sell things in the real world, until then it is only worth what speculation means it is perceived as being worth. I am a believer, but it's a long road to these kind of values and if it does 'spike' to 2000 bucks, a lot of damage when it crashes back down will make a lot of mess. People were buying at 250USD + recently, and they got burned. there will be a lot more money at stake at the 2000 mark, and it may not be good news. The price now is what we make it, it does not reflect a real value - there isn't one that is measurable other than in the actual bitcoin market propped up by the beliefs of those who hold - and trade in it. Even unstable it can be used to buy and sell things in the real world. What is required is a way to convert to and from fiat within a very short period of time. If I am selling something and can turn bitcoins that I receive in payment into fiat before the price changes, then I am not exposed to risk. I can denominate my prices in whatever units my buyers are familiar with, maintaining a constant price in the currency that works best for me.n This doesn't require stability over days or weeks, just over hours. Title: Re: 1 BTC = 2000 USD Post by: Peter Lambert on May 07, 2013, 03:04:41 PM I think that bitcoin is too unstable, and if this trend continues, it'll never reach a value of even $1000 per coin. Really agree. I think that BTC don't will be strong stable never (or not in the nexts 5-10 years). But maybe we will see this price caused for the reduced number of bitcoins compared to population. I also agree, just imagine how many people would sell their bitcoins when they hit $1000 or $500 even. People fear the instability and want to cash out and hedge their losses generally. The bitcoin would have to crush fiat to truly climb. 6 months ago people would have been saying the same thing about getting to 100 USD. But the people who sell have to be selling to somebody, so for every person who sold at 100 because they thought the price was going too high, there is somebody who bought at 100 because they think the price could go higher still and/or they think 100 is a good price. It's interesting when you put it that way. It's a good thing to know someone has high hopes for the future of bitcoin. Hmmm.... Unless it stablises, it cannot be used to buy and sell things in the real world, until then it is only worth what speculation means it is perceived as being worth. I am a believer, but it's a long road to these kind of values and if it does 'spike' to 2000 bucks, a lot of damage when it crashes back down will make a lot of mess. People were buying at 250USD + recently, and they got burned. there will be a lot more money at stake at the 2000 mark, and it may not be good news. The price now is what we make it, it does not reflect a real value - there isn't one that is measurable other than in the actual bitcoin market propped up by the beliefs of those who hold - and trade in it. Even unstable it can be used to buy and sell things in the real world. What is required is a way to convert to and from fiat within a very short period of time. If I am selling something and can turn bitcoins that I receive in payment into fiat before the price changes, then I am not exposed to risk. I can denominate my prices in whatever units my buyers are familiar with, maintaining a constant price in the currency that works best for me.n This doesn't require stability over days or weeks, just over hours. You do not necessarily have to have a way to convert your fiat into bitcoin immediately to avoid the currency exchange risk (or the other way around, depending on which you want to keep), you could use futures contracts to lock in an agreeable rate. The expanded use of futures will come with the market maturing, and they will help to stabilize the price. If you are able to set the price now, then you can take your time conducting your business without worrying what the market price will be when the transaction is complete. |