Bitcoin Forum

Peter Thiel invested 2M in a BTC startup. Still, he thinks that chances of Bitcoin to survive are only 20%. What's you opinion? Why?

Bitcoin has a 100% chance of survival, if only because it cannot be killed. The real question is whether it will prosper, and how well.

Surviving until when?  Everything on this planet, including the planet itself, has a 0% chance of survival if you go down the line long enough.

bitcoin will always survive.. (except for Mike Christ's scenario) even if the price goes down to 1cent alot of people will just buy back in.. meaning it will always continue. as long as the world survives along with world communications methods. (no apocolypse)

this is why so many investors see the great oppertunity.

if only 21million people out of the 7billion world pop, just invested a months income, EVER. that would make bitcoin worth $1000 each.

so imagine 1000 people investing $21million
or 100 people investing $210million
or 210million people investing just $100...

it all shows atleast $1000/coin is easily possible..

This seems to make the most sense.
I'd say its chances of prospering are very high, seeing as it has gone so far already

50%

not sure because uncle same can do any time any thing about this

Like what? Can they just close Bitcoin down, arrest the administrators, and take everybody's wallet? Oh, wait... :)

No sir. Uncle Sam can do just as little about Bitcoin as Kim Jung Un, Vladimir Poetin, or the Pope: virtually nothing.

Lucky for me (and 6.8 billion other people), Sam is not my uncle.

they do with Liberty Reserve and nobody do any thing many peoples like me lost nearly 6 Billion$ what happen nothing

I think the point was exactly that unlike Libery Reserve, with Bitcoin there's no central server or administrator that "they" (or anyone) could shut down or seize.