Bitcoin Forum

Your Opinion needs  :D

I'm guessing for that  Bitcoin would have to be $40000, right? Very less likely.

Possibly. It already briefly went to $1200. There are those who believe Bitcoin will be worth a great deal in future years. Max Keiser believes Bitcoin will become extremely valuable.

We will just have to wait and see. No one can say for sure. The future is very murky and hard to read.

we need patience and need to watch all factors what is going I hope its worth to this

It should :D

What kind of funky maths are you doing mate? Base ten digits into #4 (base 10)? Woah.

Anyway:-

0.0001 = 1
0.001 = 10
0.01 = 100
0.1 = 1000
1 = 10,000

And that's why you ask if bitcoin is going to worth 10000$ and not the other way around  ::)

Most likely no. It's kinda long road to there and how unstable the course is scares people.

no body knows!

I have traded in Bitcoins for a few months now after hearing about it from an ex boyfriend. This is my first post. I hope it makes sense!

I think bitcoin will be worth a lot more in a few years but only when we can all spend it and when our Bitcoins are safe.

Likely, it will hit 10000$ by next christmas not this one.

So, Wait for almost one year and sell your coins for 1000% profit.

but both things are not possible right now mean all bticoins cannot spended many are locked and second its not safe also

It makes sense but what do you mean by when our bitcoins are safe. Bitcoins are pretty safe (assuming you follow all the safety rules like encrypted wallets / backups / antiviruses / common sense etc )

Maybe. If it did go up that high, the sell limits will be really low since many early investors will look to sell...

Once bitcoiners spend more time talking about bitcoin on non bitcoin website we will see a huge spike in price there are millions of coiners now someone needs to start a trend of putting up flyers or something

The value of the dollar will continue to decline against the Bitcoin. If/when 1 BTC is worth $10,000 USD, do not sell your BTC. More and more things are becoming available for purchase with BTC. Soon you will be able to buy most anything with BTC and it will be just as good as dollars.

I don't understand your math here...

A bitcoin would be $10,000 if 0.0001 BTC is $1.

You can already almost buy everything with bitcoins now that you can use them on Amazon

I think it may in a couple years.

You can't use bitcoins on Amazon.

I just checked.

Do you mean you can buy gc with btc then buy things on the website?

That's different.

You could also pay people to buy it for you + fee.

Yes I've seen those services as well.

I think he was talking about these, not actually pay on Amazon with btc.

That's not different that is "using them on Amazon" maybe not directly but it is happening

That doesnt really mean anything. I can tell you that I am using a book to buy stuff on amazon. Its true. I find something I like, sell my book and I buy what I want! ;D

I highly doubt it...

It really depends, there is far too much uncertainty to be able to predict whether it will Vegas high as 10k. Honestly, Bitcoin will either succeed and make it big via large scale adoption or will fail miserably and crash and burn. How long it takes to get to either scenario, who knows...

No that is selling books on Amazon

I am talking about using bitcoins to buy Amazon gift cards

You can trade books for amazon gift cards, but it doesnt mean anything. Your claim that Amazon accepts bitcoins is false. There are ways around it but amazon does not accept bitcoins.

I think 20 billion $ market cap for bitcoin is the least we can do

I never said Amazon accepts bitcoin not once.

currently not big online stores accepting bitcoins but we can hope they must do this in near future

Also a better way to put that titles is "Will 1 mbit worth 10 dollars one day?"  :P

$1 per 0.0001 BTC = $10,000 per 1 BTC

Definitively, dollar is not worth much anyway  :P
One Dollar for 0.0001 BTC is about right, it would mean transaction would cost 1 dollar, quite reasonable if you look at Western Union fees

I would say most definitely... The dollar WILL collapse eventually.

But at that point you won't be able to buy anything with the dollar,

so I guess the question is moot really.

Someday greenbacks will be no better than toilet paper...  :(

Don't blame the politicians, blame the bankers...

People have been saying this 2008...

I'm waiting

https://i.chzbgr.com/maxW500/5139203072/h2B4D8B18/

Well, don't just wait, prepare.

Bullets, food, precious metals, and bitcoins couldn't hurt.

I suggest you do some reading...

Why do you think the stocks keep going up?

It's not because the economy is getting better.

Do you know why the dollar is the reserve currency?

It's not backed by gold, it's backed by oil and blood in the middle east.

if the government keep printing as fast as they are it wont be long before its 1,000,000usd for loaf of bread lmao

Some people don't understand that bitcoin don't need dollar to collapse to rise in value. Dollar will not collapse  and this is fortunate because if it does millions of people will suffer.

Worst math ever?
Where did you get that 4 from 0.0001?
And is it "very less likely"?
Any arguments on this?

sure , a Dollar worth 0.0001 BTC in 2050  ;D

I really don't get if you're Ironic or not. But with that 2050 I assume you are.
So? What is so funny or impossible about another 10x increase in bitcoin price?
Care to give some arguments?

but I am sure its touch this in 2015 because its a great deal now many realizing this even in Switzerland lawmakers doing work for this

If BTC stays around for another 50 years, then it may hit 0.0001BTC per $ , but I don't see it coming in very new future. Fiat money are subject to inflation, we have to see how cryptocurrencies will cope with it. Imagine if somebody comes up with a new idea of internet currency and everyone will switch over to it from current cryptos, then we may see 1BTC = $0.0001  ;D

One us $ will be 1 uBTC :-)

you can compare bitcoin to gold.
The current world wide gold amount is worth about $8.5 trillion;
Dividing this to the 21 Million of maximal bitcoins gives one bitcoin a value of:
8 500 000 000 000$ / 21 000 000 BTC ~ 404 761$/BTC

at the actual gold price...

This I doubt, it would mean 10 million USD / BTC. Even wall street analys showed max value to 0.1  million USD / BTC

ooops : 1µBTC = 10^-6 BTC  thus 1BTC would be 1 Million $, not 10.  Just for clarification.

A dollar can't be worth BTC0.00001, dollars aren't backed by anything.   ;D

Thanks for correction, makes it bit more likely, but still most likely not possible  :)

I see 2 possibilities
Prize 1BTC <10$ in case it will forbidden all over the world or. The system will crash

Or 1 BTC > 10 000$ up to 1 000 000$ depends on timetable :-)

Nothing in between

They will be backed by bitcoins!
Actually the US government is the only one that currently holds some and has stated that.
They didn't buy it on gox but they still hold some bitcoins  :)

I think BTC will become a widely accepted form of payment as well as other online coins. But this is down the road, It currently helps us but as for the masses it has some growing to do and I believe it will.

In the Future there should be something like bitcoin banks, for easy use.

For to use for normal people and not only nerds...

But is a long way to that.

Maybe in around 5-10 years, in case it will ever happen...

I even guess, that this was the initial plan:
1 Satoshi = $0.01

And it's very handy for calculating ;-)

This reminds me of coinlenders  :(
Traditional Banks cannot offer this service I believe, so what company would you trust with your Bitcoins ? Coinbase? I dont.

Already a bank has been around and It din't go well at all.
Also , why entrust all the bitcoins with a bank?
Isn't that against everything bitcoins stands for?

In the whole Cyprus hype , people tried to see bitcoin as a safe value that the government can't get their hands on. And how were doing the opposite?

You can't deposit money to your central bank.The central bank , well in most countries, is not taking deposits from people.
They deal only with private owned banks and enforce decisions.

And if the government decides to shave 10% of bitcoin deposits , all banks will comply.
So , back to the Cyprus story but not with euros , with bitcoins

Well, that'd be unconstitutional here in the US, at least for the federal government, but assuming they got around the constitutional issues:

If the government imposes 10% intangible property tax on all citizens, I'm going to comply anyway.

If you already are or plan on engaging in criminal activity, then yeah, you probably shouldn't keep your money in the bank.
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Well , wasn't bitcoin supposed to be a savior because the government can't impose this called tax on something that they can't prove it's yours?
And I don't envision the FBI running into every house and confiscate everything that could hold a wallet digital or physical.
There was a person who thought about having his pkey carved on a stone in the yard :)))

If Bitcoin will be still alive, definitively possible 0.0001 BTC per dollar.

All you need is better infrastructure, like biggest merchants or poker sites accepting Bitcoin

It wasn't about facilitating tax evasion , but it was supposed to be a safe way of storing your wealth against idiots running the government.

And if it doesn't do that either , and this is demonstrated in the public , well... the future isn't looking too god.

I dont think you can evade tax with Bitcoin, it is the same as dealing with cash only.

but I have never paid any tax on bitcoins its doing for me tax free and going ok in last 4 months happy to join this

Hmmm. Well, if they are backed by bitcoin i may have the give these dollar-coin things another look.  :D

You cant back dollar with something else than trust, because dollar is inflating

gold is inflating ?  :o

of course and even higher.  As faith and the subsequent value drains from fiat after each bail in (Cyprus), currency collapse (Argentina), QE(Japan, US, UK) etc etc, more faith and its value will flow into BTC and probably WDC as well as gold and silver and other tangibles.  Value will be split into totallt tangibles, and total intangibles, everything else in the middle,  paper with an open end like hospital pants will be crapped out.

Perhaps in the future bitcoins will reach $10,000 or even more but in this time it's difficult to see this happening as bitcoins is in the $1000 and little above and below area,and jumping in price (after already reaching a large amount) ten times is difficult.

If we find a huge deposit of gold that equals 5% or even 10% of the total gold supply , how would you call that?

Might happen for the simple reason that they keep printing money and BitCoins cannot be printed (and mining is increasingly limited).

Let me just save you the time and tell you that NOBODY KNOWS AND ANYBODY THAT THINKS THEY DO IS SPECULATING.

So your saying that nobody knows for sure an event that is supposed to happen in the future will happen 100%?
Oh , I assume you're right!
Is somebody gong to argue with you :)? Course not?!

I think 1 satoshi will be worth of a dollar if not even that - who wants the paper trash?

I am not agree with you its need too much time may be its near to 2050 or after this right now its trying to fix it at 1000$ to 1 btc

Price drop.

Thats why gold is not as secure store of value as most think

No one can really predict, but I think that it will surpass even that in time. I think it will continue to grow right up until its mining limit.

It depends. The price depends on a lot of factors, so just because there are less btc to mine doesnt mean the price will go up.

Yes, but mined Bitcoins will have higher value if the difficulty keep rising (or block reward halving and difficulty remain stable)

I will guarantee you that it will stop at around 10k. It wont go past it, because no one is going to pay 1 mil for a bitcoin, people are going to sell wayyyy faster than buy, so the price will start to go down really fast to a reasonable price.

I believe you, 10k is reasonable price anyway. We will see within 2 years if the price can go higher or really stop at 10k  ;)

while i have no data to back this up i feel like people are buying whole bitcoins less and less after the $500+ jump and i feel like that trend will only continue as prices go up. and as the earliest adopters sell their stash of bitcoins (which if they are smart they will sell them slowly to gain the most value per coin) the market will dip and continue upward.

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

People thinking that 10000$ is a lot for one bitcoin only because 10000 looks a lot, they can't understand that 1000$ looked impossible some months ago. Not years but months.

Some early adopters have over 100,000 BTC, do you see something like this happening now  ???

No, because btc is still at a reasonable price. People can still buy 1 btc whole.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Just to inform you, 100 BTC * 1 mil USD  = 100,000 BTC * 1,000 USD :)

I think it will.

If it does, I will be a multi-millionaire :D
I think it will hit the ten thousands point in a few years or so

Unless you sell earlier, of course, thats what crashes are for, to get the coins out of weak hands

And by that time you could afford some math extra lesson cause if
one dollar will be worth 0.0001 , one BTC won't be worth 40000.

gawd i hope it will.  in that case, i will sell and buy a house or something.

If the price isn't manipulated by the upcoming wallstreet money that is entering the crypto space, then this price is quite possible.

Obviously wallstreeters are speculators, so the price may go to 25,000 and back to 1,000 in no time

Yes that's the catch.
Given the quick price rise, it is likely that, someday, BTC loses 95% of its value. At this time, everybody may laugh at you.
And when it will be back to its initial price and triple this price again, the people who laughed will become BTC buyers ;-)

I think if the community continues to contribute to the hash rate, then wall street will have a harder time controlling the value. 

I mined my first coin when Bitcoin was under $10 before the first time Congress discussed the issue.  I remember telling family and friends it would be worth $100 someday.   I've been amazed at how closely it follows hardware costs, and public interest.  If you can mine 1 BTC for $1000 in hardware that seems to be the cost of the bitcoin.   So as hardware is selling for 10,000 - 20,000 for ASIC miners, and as more and more of these Thash units come out, they will mine less and less BTC.   Eventually I could see it getting to the point where the hardware costs $10,000 to mine a bitcoin within a year.   

So I can imagine it getting to 0.0001 BTC / USD and while there are a lot of things that could stop this from becoming reality, I'm an optimist.  I think it could.

I dont believe difficulty affect price, but price afect difficulty instead. It is big difference

u can probably sell 0.0001 BTC for $1 on ebay

In my opinion bitcoin cant get that value propably it just cant because of market.

Your right, ebay price per BTC is crazy. Dont know if it buy real people or some shills.

I sure bitcoin can get that value and its not for away from us you must watch this very soon

maybe in 10 years from now.

I doubt it will happen.

In order for it to happen, the value of BTC has to be $10,000.

once its touch 1500$ then you watch how quickly its going up and where to touch  ;D

At a million dollars, they wouldnt be spooked, but excited!

Yes, slowly rise would be healthy for Bitcoin, quick rises are dangerous

Yes, they have 100 btc bought at 100 dollars. Why woundnt they?

Because they would have to pay a lot of taxes from the income  :P

They would still have atleast 50 mil.

If it ever reaches that point, it's game over for the dollar anyway.

So the basic premise is over...  :'(

You might as well ask is how much 0.0001 btc is worth of kindling for a fire.

i don't like these reverse denominator headgames.... 8)

and yes

Good point... look at http://www.coinflation.com/

A penny from 1982 is worth more than a penny.

A US nickel will always be worth something,

because right now, well it's made out of nickel.

Well if they bought a btc for 999,999, they wouldnt sell at 1 mil. But if they bought at 100 they would probably sell.

Whatever it gets to/stops at, I'm just hoping for a long and steady life for it.

No way. My op. that would be WAY TOO HIGH

I don't think its too high I sure very soon we got this  ;D

I'm going to go with yes.  I think this isn't gong to happen for a very long time.  Many things to be considered for this to happen but I can't see why it would be out of the realm of possibility.

Very likely not next year, if you mean very soon this.
Simply it is a lot of money

I agree the income taxes are good reason not to sell. Better is spend the coins

So what should we do? Put them on a hard drive, throw it away and say that we never had them? ;) ;D

Hard to imagine how I would do it, but dont worry, the goods/services Im going to buy with my Bitcoins are with tax anyway ;)

That is still not bad. Its better than moving to a different country, being a citizen there and then selling.

Actually you have to give up your United States citizenship  :P

Thank god im still a minor. No taxes for me! :D ;)

It all comes down to one factor, will BitCoin become mainstream?  If so, there is little reason to suspect the value of BitCoin won't explode compared to the dollar.  If we see a time where BitCoin is used for even a small fraction of commerce (e.g. 10%), the demand for BitCoin is going to skyrocket.

This, of course, is purely conjecture.  There are a fair number of issues with BitCoin that are fundamental to the nature of the coin itself.  First and foremost, one of the biggest boons of BTC is the irreversibility of transactions.  This is also one of its biggest detractors.  It is all too easy for a party to solicit BitCoins for a transaction and fail to deliver.  If the customer fails to receive the product or service or is dissatisfied with what they've received, they are entirely at the mercy of the solicitor to make things right.  Once larger organizations begin accepting BitCoin, public opinion may be sufficient to hold their feet to the fire, but this recourse will not have much impact with smaller organizations or individuals.

Lol, this could happen only in United States.
Im happy Im not United States citizen, seriously, it is a joke  :)

Actually Bitcoin irreversibility is a good feature. You have to pay only if you are sure you wont need reverse the payment. Cash on delivery is my prefered method of ordering goods anyway

They will put me in jail for making millions of dollars? Cant I just tell them I dont know how to file taxes and they would give me a few months to figure it out?

yes you are right but I think no country have rules for miners to pay taxes and miner which is on bitcoin is more weird then others they cannot check you   ;)

Btw winklevoss said that bitcoin might hit 40000$ / btc so he is even more bullish than this thread.  :P

I think Bitcoin might hit over 1 mil in 20+ years, but it is only one possibility out of many

as long as normal people won't buy them and use them as a curreny, then no. It's way too volatile to be used as a viable currency. Atm, it's a speculators paradiese, alongside all the altcoins. But i guess this investment thing will be over sooner than later. There are mayn people who use altcoins to make a quick buck.

Yes, bitcoin price is going strong....

but currently is crushing badly and going down and more down why what is reason behind this any have some idea about this

Good point... look at http://www.coinflation.com/

A penny from 1982 is worth more than a penny.

A US nickel will always be worth something,

because right now, well it's made out of nickel.

China again.  3rd party processors cannot be used to deposit/withdraw at Chinese exchanges, so only bank wire can be used

we hope.

Increassing 10x in value is not too bullish considering the possibilites of Bitcoin future

now I am watching today its touch many time 650 barrier and still going down is this going to touch again 500$ or just stopping for rise again

I've read several articles already about predictions on the price of bitcoin, ranging from 2k$ over 40k$, 100k$ up to even 400k$; some articles better justified than others, some from a more reliable source than others. The most important thing is that the main public is starting to adopt it. If this happens, who knows where bitcoin will end in 5, 10, 20 years from now.
(Weren't there people saying in the early nineties that internet was just a bubble? We all know how that turned out!?!)

Yes your right, for main public starting adopt Bitcoin, it must be much easier to buy and sell Bitcoin

People with some credibility have speculated it might be worth that one day, but it's really anyone's guess where prices will end up. Cryptocurrency as a whole is probably here to stay. That doesn't mean everyone is going to be a millionaire though.

To be millionaire you would need 100 coins with 0.0001 BTC / dollar, so definitive not for everyone

Not sure Bitcoin will ever reach $400,000,000,000 valuation.

He is talking about $10,000.

I can't see Bitcoin ever going over 10,000, if not even half that. But then again how would I know..

Maybe Winklevoss Twins confused you with their $40,000 estimate

main problem is we have not good or reliable source for this bitcoin too much speculations creating problems as today its almost touching 500$ and some guys saying China has some stick policy about this so its going more down

We can all dream.  ;)

It's higher.