Bitcoin Forum

Interview with Bitkonan about how Bitoin could worth more than half a million dollars each


http://www.coinspectator.com/bitoin-could-worth-more-than-half-a-million-dollars-each/ (http://www.coinspectator.com/bitoin-could-worth-more-than-half-a-million-dollars-each/)

This is only likely if the $ collapses in my opinion but then half a million may only be enough to buy a small family car so its all relative.

It could very well be worth half a dollar each.

There's just no way to tell.

It's only speculation about price, doubt that, but around 1-2k$ seems more probable.

Exactly. I think the most Bitcoin will ever hit, is about $4,000 for one.

It'll be interesting to see if LTC gets traction and wide exposure to the same options that BTC offers. I wonder that if Bitcoin goes large then rather than BTC pwning the market share, it'll instead be shared amongst serious alt-coins and a large part of that market value I suspect will be more with the Bitcoin2.0 Protocols and 'Meta-coins' such as BitShares PTS; NXT; MasterCoin MSC; Counterparty XCP; end eventually Ethereum. Perhaps even less clear options like eMu and Ripple, though from what I can tell those last two are just water which supports function, rather than those being host to currency value.

Half a million in today's dollar value? Not likely.

I could very well see 40- 50,000 of today's dollar value per coin though, within this decade.

eMunie  is the most promising coin out of all the 2nd gen coins.

Stating that without evidence, is like Ripple shrills stating theirs is the better one without being clear about why.

Perhaps you can answer my query in the eMunie forum (http://forum.emunie.com/index.php?/topic/1649-currency-character/) about the character of eMu, as it's not obvious whether eMu is simply the water in which everything sits - as Ripple appears to be; or whether it's meant to hold value like BTC, in which case it needs to be clear the way in which new eMu is created; or something else. The absence of a white paper doesn't help and the wiki doesn't have enough depth.. is eMunie to be open source even??

Russians begin to sell off US bonds on the large scale since Friday. I think price of Bitcoin will reflect it soon.

If that value is plausible then I would like to buy a "be", Pat. It goes between the "could" and the "worth."

Correct!

Also BTC will not reach that price.
At least not until 2025 or something.

I believe in BTC and I love it.
But it is too early for that price.

It's far too easy to hack or gox people (high counter-party risk with exchanges) at the moment, no sane person would pay 500k for it.

That's an interesting thought. The risk might continue that people could lose their passwords and then prefer to spread the risk.

interesting how people think the price can only go up to $4k or whatever

i mean

bill gates and wall street alone can pump the price up to $50k

i wish we see a price of 1.5K/BTC this year

i  wish we see a priced of 1.1 ever again.

Hmmm 500K seems unlikely to me.

In the "future" is incredibly broad, well, it's infinitely broad, unless you don't subscribe to the cold expansion theory of the universe, or if you consider time to be indistinguishable from subatomic motion given that circumstance.

Even 50-100 years from now, the concepts of money and value may be totally different and media of exchange will be trinkets of a bygone era, which could be instead subsumed/governed by per-determined quantum computers calculating every possible circumstance/variable on earth to predict the future. Human agency--in any capacity financial or otherwise--may end up a fetish in that time frame.

Anyway, I digress.

I'll make a prediction that we will see 1200 again in the next 6 months, and then 2000 in 12 months, with a dip to 1000 after 12 months, and then a slow steady rise to double the value of gold, where it will stay for some time to come.

Total spitballing though....

Tenfold increase every year gentlemen.

Right now it is probable that a lot of big money are buying coins outside the exchanges, directly from miners or large holders. Once that supply dries up, they will head to the exchanges and pump the price. For their own selfish benefit, with the side effect that the rest of us benefit as well.

emunie is closed source not open source. It has alot of promise regardless, the client is great im a closed beta tester

Not anytime soon I think...

... yeah or it could be worth a half million popsicle sticks.

Traders are attracted to BTC BECAUSE of the volatility. That is why I used to trade EUR/USD, because I had the most potential to make the most money ... but also the most potential to lose it all (which I did, of course).

Buck up, it's not over yet!

you had might as well hand your bank account over to the developers right now then.

I think you guys are missing the mark on proper valuation. It's not "how much is 1 bitcoin worth," it's how much is Bitcoin worth? How much is the market cap worth? When you look at it like that, it could very well be over a trillion $. If that is the case, it is possible that sometime in the near future, which is very likely; 1 mBTC will be the new BTC. In other words, We will have to change how we view commonly used denominations.

Saying, "Oh, well.. geez $1 million for 1 bitcoin, that just doesn't seem possible," That's because you are looking at it all wrong. If Bitcoin becomes a standard alternative to operating in dollars for "Brick&mortar" as well as "Online businesses," You can be your a$$, you will see a half trillion, to trillion dollar market or more.

I can see 1 Satoshi being worth a penny, can't you ?

A trillion dollars sounds reasonable. I will probably be flying my G650 between my private islands way before that mark ;-)

This I agree, but $1 million for 1 bitcoin will be possible if there will be no reason to convert to dollars anymore.

Maybe in 50 years.

If there is no reason to convert to dollar then dollar will slowly die at some point in the far future.
How are you going to price Bitcoin then?

A worldwide 24/7 decentralized payment network is incredibly valuable. Why are people thinking about low values instead of zero? Its either zero in the long run or supergold. Still the best asymmetric bet out there.

Wow, I didn't even notice that.
Nice catch ;)

Bitcoin can cure AIDS...seriously!

Bitcoin has healed me from Genital Herpes, its amazing.

Bitcoin is starting to heal me from bankruptcy  ;D ;D ;D ;D ;D ;D ;D ;D ;D

Pleb. I'll be flying my shuttle to my moon base.

If Russia , China and other Brics countries say bye bye to USD ... BTC will grow 10-100 times.

This can be true

This is the pitfall of only educating yourself to the point of "knowing how to day trade bitcoins".  
Not only do you not see the value of the long term investment, but you have no idea why it would ever go above $4,000 like most people in this thread have said.
You're all viewing it as a stock.

I would encourage everyone here to do some research on the platform, rather than hyperfocusing on the market price day to day.  
Also find out whats going on in the innovation realm with bitcoin all over the world.
You guys need to understand that the possible market reach for this technology is staggering.  

There are 40 million people in Africa alone who are currently using a digital currency with their smartphones to transfer funds.
There are at least 3 startups I know of which are working to replace that with Bitcoin, as it is cheaper and faster.  
That's 40 million new people using Bitcoin.  

Now add to that the remittances market, which everyone agrees Bitcoin will dominate first.  $300 Billion dollars.
Do I need to repeat that?
$300 Billion Dollars.
For one market that Bitcoin is capable of disrupting.  

Awareness of the Bitcoin Protocol leads to awareness that Bitcoin will go into countless other financial markets and dominate as well.
$4,000 a coin is a pittance.   Believe me.
Remember that every time you try to make a quick $20 by selling your coins.
Buy and hold instead.  And buy more every chance you get.

-B-

+1

I can't even imagine the day when Bitcoin will costs half a million dollars - that sounds  like  a fairy tale

quoted for future reference. Boy will you look stupid in 2015.