Bitcoin Forum

Another speculation thread where i'm pulling numbers out of thin air. Enjoy

$350k per coin, Ronald McDonald is head of the Bitcoin Foundation, and Satoshi is revealed to be the secret lovechild of the Dalai Lama and Liu Yandong.

I dunno' about you, but I'm open to possibilities. I didn't think this thing would ride up to 800$ when I got in two years about at around 2$.

I'll keep an open mind, but I'll certainly play around with short-term trends. This is fun!

Fun fact: All the gold that has ever been mined, at current market rates, is valued at about 5 trillion dollars.

If BTC were priced at $350/minicoin, the total valuation of all bitcoins that will ever exist would be about 7.3 trillion dollars.

I thought that was interesting.

Bitcoin offers superior financial utility than gold.  Releasing gold from the somewhat artificial duty of store of wealth will lower the price for things done better with gold http://geology.com/minerals/gold/uses-of-gold.shtml (http://geology.com/minerals/gold/uses-of-gold.shtml).

Prediction; the price of gold will mostly drop as the exchange rate of Bitcoin goes up.  Times of unrest will see both gold and Bitcoin rise but as more and more people learn to trust Bitcoin they will flock to it instead of the relatively inconvenient gold.

We are fast approaching the $US/BTC exchange rate of $1,000/BTC where the switch to mBTC (or whatever we end up using) will sweep through and reset attitudes.  $1/mBTC will look very inviting and surges to new highs will follow.

I've been giving gifts of Bitcoin.  Not long ago I was giving 200mBTC (at the time worth about $25 US).  Now I'm giving what I call Bitcoin pennies 0.01BTC (worth about $8 US); A) I'm giving to more people and B) I expect they will be worth plenty enough soon to spark interest.

This. I had hopes back at $2 but Bitcoin itself has blown past them in every possible way. The future could be incredible.