Bitcoin Forum

Bitcoin => Press => Topic started by: Cunningham on November 28, 2013, 02:30:14 PM



Title: 2013-11-24 simonwinder.com Bitcoin – How high can it go?
Post by: Cunningham on November 28, 2013, 02:30:14 PM
Bitcoin – How high can it go?

http://simonwinder.com/2013/11/bitcoin-how-high-can-it-go/ (http://simonwinder.com/2013/11/bitcoin-how-high-can-it-go/)

Quote
In this article, I examine the possible investment upside of virtual currencies, and Bitcoin in particular. I then discuss some of the threats that investors and adopters must watch out for during what is likely to be a rapidly changing landscape full of opportunities for drastic success and failure.

If you read the article, you will see a very interesting price estimate ...  ;)



Title: Re: 2013-11-24 simonwinder.com Bitcoin – How high can it go?
Post by: LiteCoinGuy on November 28, 2013, 06:10:22 PM
0 or XXXXXXXXXXX, we will see  :D


Title: Re: 2013-11-24 simonwinder.com Bitcoin – How high can it go?
Post by: bitbouillion on November 28, 2013, 07:53:33 PM
Quote
If that much money went into Bitcoin, the price would be $39,000 at today’s count of coins in circulation.

Old wisdom says: for every buyer there is a seller. Money does not go into something, it just changes hands. If a few people are selling/buying a small fraction of the float at 10% premium compared to last price,  the whole thing goes up by 10%.