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Title: OMG! Bitcoins are going to $389,000 each! Post by: Bit_Happy on February 19, 2013, 03:16:22 AM This market is smoking hot, and already had it's corrections recently. Bitcoins are being accepted by major sites, Bitpay is booming, and people are using Bitcoins for drugs, gambling, food and many other things.
Logic and common sense can sometimes be boring. OMG! Bitcoins are going to $389,000.21 each! Really they are: How long will it take? Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Hexadecibel on February 19, 2013, 03:19:51 AM The fact that I can use bitcoins to buy pizza is all I ever wanted. Everything else is just a bonus.
Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Anon136 on February 19, 2013, 03:28:23 AM so this is really rough but someone on the internet says there is 800billion dollars in cash circulating in the world. Of course this doesnt include digital money on computers or currencies other than usd or other assets other than money. So it isnt entirely unreasonable to imagine that this much capital could flow into bitcoin before everything is said and done. So if this much capital were to flow into the bitcoin economy and we assume that at the time 3/4 of all bitcoins have been released, btcs would be worth 50,000 dollars each.
How quickly COULD this much value flow into bitcoin, the answer is very quickly. it COULD happen in a matter of a few years. If you are into lottery tickets, bitcoin has to be the single greatest lottery ticket in the world. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: hmmmstrange on February 19, 2013, 05:48:28 AM $1.16 trillion in circulation as of February 6, 2013. Thats just USD
Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Bit_Happy on February 19, 2013, 06:21:46 AM Another recent high was made a couple hours ago $28.22.
Still lot's of room on the upside! :D Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: solex on February 19, 2013, 06:44:05 AM $1.16 trillion in circulation as of February 6, 2013. Thats just USD Just counting cash (M0) the world monetary base is around $10-12 trillion. As 11m bitcoins are issued now that works out at a cool $1,000,000 each. Because Fractional Reserve Banking will disappear in a bitcoin economy then the requirement for cash equivalents may be 10x to 100x the current level of M0. So BTC *might* theoretically reach $10m to $100m each (even without growth in the world economy until that future date). The top agenda item for the G8 a few days ago was "Currency Wars". As they are only good a jawboning, then expect the Currency Wars to rage until fiat blows up. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Elwar on February 19, 2013, 07:33:33 AM I am willing to pay 10% interest on a loan toward the future value of one of my $100m bitcoins.
First come first served. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Milkshake on February 19, 2013, 07:39:30 AM GO BITCOIN! GO BITCOIN!
Bitcoin will hit exactly $142,237.23 in the next 2 to 32e+8 hours! BUY BUY BUY! ;D Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: glub0x on February 19, 2013, 09:01:36 AM thoose thread ... i don't like them ...
Quote Because Fractional Reserve Banking will disappear in a bitcoin economy why so? if you give me your bitcoins, i can easily "fractional reserve" it. So at the end you still have the same amount of bitcoin and i gain half of yours!Just please do not withdraw more than 10% per month. I can even give you intrest!At the end, pirate did this didn't he? Plus every severe drop started with a guy dividing the global wealth by the number of bitcoins. Not saying one causes the other, just superstitious. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Luno on February 19, 2013, 09:07:28 AM In an deflatory economy, no one will borrow Bitcoin. You'll owe twice the amount in a month + interests!
Anyone in the lending business gets burned for sure. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: bit-joker on February 19, 2013, 09:41:03 AM You're WRONG! Bitcoins are going to a trillion dollars each in the next couple of years! I just made an
[/sarcasm] Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: flipperfish on February 19, 2013, 11:04:29 AM OMG! The existence of this thread suggests a big drop today!
Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: flaab on February 19, 2013, 11:06:49 AM OMG! The existence of this thread suggests a big drop today! Indeed.Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Luno on February 19, 2013, 11:12:29 AM People here, including myself, with more posts than Bitcoins should be banned. That would secure quality in speculation threads.
Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: flaab on February 19, 2013, 11:38:10 AM People here, including myself, with more posts than Bitcoins should be banned. That would secure quality in speculation threads. It would be better to make posting a payed service. Only replying could be free ;-)Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Anon136 on February 19, 2013, 11:44:15 AM $1.16 trillion in circulation as of February 6, 2013. Thats just USD Just counting cash (M0) the world monetary base is around $10-12 trillion. As 11m bitcoins are issued now that works out at a cool $1,000,000 each. Because Fractional Reserve Banking will disappear in a bitcoin economy then the requirement for cash equivalents may be 10x to 100x the current level of M0. So BTC *might* theoretically reach $10m to $100m each (even without growth in the world economy until that future date). The top agenda item for the G8 a few days ago was "Currency Wars". As they are only good a jawboning, then expect the Currency Wars to rage until fiat blows up. this is pushing it. It is likely that in the future bitcoin will have strong competition from other anarcho-currencies i.e. a lot of that capital will flow into gold and silver for example. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: bit-joker on February 19, 2013, 12:37:54 PM People here, including myself, with more posts than Bitcoins should be banned. That would secure quality in speculation threads. Thank god some common sense! Mods should put a rating system so when a guy with negative votes shouldn't be able to post for a week or even a month depending on how stupid he is! Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: xxjs on February 19, 2013, 01:23:13 PM People here, including myself, with more posts than Bitcoins should be banned. That would secure quality in speculation threads. When du you think you will reach bitcoin to post parity? Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: dacoinminster on February 19, 2013, 03:57:40 PM I haven't posted this in awhile, so I'll just leave this here:
http://imageshack.us/a/img6/7319/028trillions.png (http://www.btcwallet.org/2012/06/19/using-memes-to-explain-bitcoin/) (From my Using Memes to Explain Bitcoin (http://www.btcwallet.org/2012/06/19/using-memes-to-explain-bitcoin/)) Bitcoins are a couple pixels larger now than when I first published this, but you get the idea. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: wtfvanity on February 19, 2013, 04:00:30 PM I'm not selling my bitcoins for a penny less than $390,000!
Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Bit_Happy on February 19, 2013, 06:59:31 PM High: $29.39 still going up!
I'm not selling my bitcoins for a penny less than $390,000! another daily High: $29.55 Buy more / Sell? Get in/out while you can! :D Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: hahahafr on February 19, 2013, 07:48:27 PM Get in/out while you can! :D Best advice in this forum. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Mae on February 19, 2013, 10:16:41 PM I just bought some savings I had. Total of 7,000$ I don't want to miss the train.
I see a direct road to heaven here! 10,000$/BTC is okay for me, enough for me retirement . Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: b!z on February 20, 2013, 12:27:09 PM The fact that I can use bitcoins to buy pizza is all I ever wanted. Everything else is just a bonus. 50,000 BTC? Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: gimme_bottles on February 20, 2013, 12:59:46 PM The fact that I can use bitcoins to buy pizza is all I ever wanted. Everything else is just a bonus. 50,000 BTC? http://pizzaforcoins.com/ (http://pizzaforcoins.com/) Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Bit_Happy on February 22, 2013, 04:32:45 AM Was anyone watching "live" the surge to $30.65?
Strong demand and short supply seem to be driving the market. Who is working on projects to help develop the Bitcoin economy? Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: bbit on February 22, 2013, 05:54:50 AM It's the pizza site that made people buy into bitcoin!!!
Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: goldlyre on February 22, 2013, 09:56:48 AM OMG, you can buy a house for one coin!
Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: flipperfish on February 22, 2013, 11:33:47 AM OMG, you can buy a house for one coin! Currently, it's only this one: https://i.imgur.com/X4fvsM5.jpg?1 Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Phoenix on February 22, 2013, 11:50:29 AM Couldn't help myself after this pic...
http://www.youtube.com/watch?feature=player_detailpage&v=mIdkowY-ohQ Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: Bit_Happy on February 28, 2013, 12:53:09 AM Here we go!
BTC seems to be in short supply w/ huge demand. Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: goodlord666 on March 01, 2013, 01:10:32 PM Soon 1 Bitcoin will buy you 100,000 dollars!
But soon 100,000 dollars will buy you only a loaf of bread. haw! Title: Re: OMG! Bitcoins are going to $389,000 each! Post by: sunnankar on March 01, 2013, 01:32:22 PM Bitcoin is going to be an amazing long hold... or it'll go to zero with a bullet. You only get a gamble like this once or twice in your life tho. I am all in. Bitcoin has already been the trade of the decade (although for scale it would be Apple). There is a good chance that it will be the trade of the century and probably the greatest trade ever in human history. |
