Bitcoin Forum

Economy => Speculation => Topic started by: Hello Im Me on January 26, 2015, 03:50:55 PM



Title: The future value of Bitcoin
Post by: Hello Im Me on January 26, 2015, 03:50:55 PM
So when i first heard of Bitcoin in 2013 it was a little bit over 1000$.
Do you think the price will ever be that high again?
Or what do you think the future value of Bitcoin will be?

Personally I hope that Bitcoin will be a currency that the government will start using to pay debt with. Cause if The government start using high quantities of it it will be even more attracted thus the price will rice.
Now this is just my idea  ::)
What do you think? :)


Title: Re: The future value of Bitcoin
Post by: Pecunia non olet on January 26, 2015, 04:11:31 PM
Be aware of downward pressure - every transaction costs now 8$ and that's a low

https://blockchain.info/de/charts/cost-per-transaction


https://bitcointalk.org/index.php?topic=918068.0


Multiply 3600 coins (generated in 24h) with marketprice and you get the daily costs of this nonsense. I think Bitcoin is pretty much a fail and will have make way for more efficient solutions. It's just burning money away for the investor and nothing else.

People don't like to hear it, i know.

At a price of 1000$ the network would burn 3.6 Million USD every day just for mining, that's 1.314 BILLION in a year - so think again. The answer is: in case it reaches 1000$ that will only be for minutes or hours but i doubt we will see even 400$ anytime soon.


Title: Re: The future value of Bitcoin
Post by: Hello Im Me on January 26, 2015, 10:16:31 PM
Be aware of downward pressure - every transaction costs now 8$ and that's a low

https://blockchain.info/de/charts/cost-per-transaction


https://bitcointalk.org/index.php?topic=918068.0


Multiply 3600 coins (generated in 24h) with marketprice and you get the daily costs of this nonsense. I think Bitcoin is pretty much a fail and will have make way for more efficient solutions. It's just burning money away for the investor and nothing else.

People don't like to hear it, i know.

At a price of 1000$ the network would burn 3.6 Million USD every day just for mining, that's 1.314 BILLION in a year - so think again. The answer is: in case it reaches 1000$ that will only be for minutes or hours but i doubt we will see even 400$ anytime soon.

Sometimes the truth hurts :,(


Title: Re: The future value of Bitcoin
Post by: coinableS on January 26, 2015, 10:28:34 PM
Great thread! Sell sell sell.... sell into my buy orders :)


Title: Re: The future value of Bitcoin
Post by: ajaxmoor on January 26, 2015, 10:55:42 PM
So when i first heard of Bitcoin in 2013 it was a little bit over 1000$.
Do you think the price will ever be that high again?
Or what do you think the future value of Bitcoin will be?

Personally I hope that Bitcoin will be a currency that the government will start using to pay debt with. Cause if The government start using high quantities of it it will be even more attracted thus the price will rice.
Now this is just my idea  ::)
What do you think? :)

The price increased to 150% in 24 hours today. Obviously, if something groundbreaking comes on, I think it might come to 700-800 levels again. Not sure if we will be seeing plus 1000 levels soon.


Title: Re: The future value of Bitcoin
Post by: stonerider on January 27, 2015, 12:21:26 AM
Be aware of downward pressure - every transaction costs now 8$ and that's a low

https://blockchain.info/de/charts/cost-per-transaction


https://bitcointalk.org/index.php?topic=918068.0


Multiply 3600 coins (generated in 24h) with marketprice and you get the daily costs of this nonsense. I think Bitcoin is pretty much a fail and will have make way for more efficient solutions. It's just burning money away for the investor and nothing else.

People don't like to hear it, i know.

At a price of 1000$ the network would burn 3.6 Million USD every day just for mining, that's 1.314 BILLION in a year - so think again. The answer is: in case it reaches 1000$ that will only be for minutes or hours but i doubt we will see even 400$ anytime soon.

Do all of us a favor and just go away, disappear your hateful self.


Title: Re: The future value of Bitcoin
Post by: Pecunia non olet on January 27, 2015, 01:05:18 AM


Do all of us a favor and just go away, disappear your hateful self.

dude, i can make good money with understanding the above. I am doing pretty well and there's no reason for me to go anywhere. It's numbers, no opinion. Hate the message not the sender. If you want moontalk make a moderated thread. I called the crash from 280$ beginning of month, i called this a pump and dump. If you would have listened you would have made money. Do the numbers on the fundamentals and then think again about it. It's not that i want it to fail - it just fails. Not because of me but because of the socialist distribution idiology behind it which supports high inflation.
I have my short open from the top of the pump (sold at 290$) and am making bitcoin as it dumps. So why you come at speculation section? To hear others opinions on coming pricedevelopement or to hate at others?

You're obviously not making money because you seem pretty butthurt. If it's too much for you don't do it. Not everyone can handle this market.

The bottom isn't in. Simple as that. Hate the guy who tells you to hold. Hate the pump and dump. But don't hate me for sharing some bearish thoughts in a bearish market, duh!

I tell you exactly WHY it dumps and you tell me to go away. Dude, get yourself some brain somewhere.

Before halving: no show
After halving: maybe show
moon: a long way off


Title: Re: The future value of Bitcoin
Post by: jaredboice on January 27, 2015, 07:42:14 PM
Ignored.  Anyone else care to listen to this troll go on and on about an inflationary currency that is ultimately capped and we've almost already mined 2/3rds of the total Bitcoins in existence?

Inflationary.....riiiiiiiight


Title: Re: The future value of Bitcoin
Post by: lexuz on January 28, 2015, 03:51:09 AM
Forget it about issue bitcoin reach to $1000


Title: Re: The future value of Bitcoin
Post by: BTCjust on January 28, 2015, 06:00:09 AM
value is not equal to the price.


Title: Re: The future value of Bitcoin
Post by: Amph on January 28, 2015, 05:39:30 PM
btc is not mature yet despite having 5 years of beta testing, eed more adoption and more block halving to do anything, price now is stable, but i think a crash is incoming, the trend of "dump-->recover--->stable--->crash" isn't over yet

no doubt the real value of btc is many times higher than current one, at least based on simple math


Title: Re: The future value of Bitcoin
Post by: NotLambchop on January 28, 2015, 05:46:05 PM
value is not equal to the price.

When talking about money, it pretty much is.


Title: Re: The future value of Bitcoin
Post by: hdd3go on January 28, 2015, 05:57:21 PM
Less talk about the price please.

We should be more concerned about the application and development of the Bitcoin.


Title: Re: The future value of Bitcoin
Post by: redsn0w on January 28, 2015, 06:01:59 PM
No-one know the real value of bitcoin  because at the moment it is only a question of speculation, when this will finish we will know the "real" value (and obviously start to spend our bitcoins without "any problem").


Title: Re: The future value of Bitcoin
Post by: Corenin on January 28, 2015, 06:08:26 PM
i don't think govts will accept bitcoin for payments but it is possible they use bitcoin technology for transaction


Title: Re: The future value of Bitcoin
Post by: arsenalfun on January 28, 2015, 06:42:09 PM
Be aware of downward pressure - every transaction costs now 8$ and that's a low

https://blockchain.info/de/charts/cost-per-transaction


https://bitcointalk.org/index.php?topic=918068.0


Multiply 3600 coins (generated in 24h) with marketprice and you get the daily costs of this nonsense. I think Bitcoin is pretty much a fail and will have make way for more efficient solutions. It's just burning money away for the investor and nothing else.

People don't like to hear it, i know.

At a price of 1000$ the network would burn 3.6 Million USD every day just for mining, that's 1.314 BILLION in a year - so think again. The answer is: in case it reaches 1000$ that will only be for minutes or hours but i doubt we will see even 400$ anytime soon.

The transaction cost doesn't matter. You are just trying to suggest a reason why bitcoin could fail. So what if transaction cost is 8$ ? it doesn't even matter, as long as network is mined, the bitcoin network remains functioning, it simply works and that's it. And profits don't matter. If you are looking to make some quick money off bitcoin, you are 5 years late. Bitcoin is a payment processor, and that's why it will succeed, not because you personally can't milk 300% ROI out of it.


Title: Re: The future value of Bitcoin
Post by: NotLambchop on January 28, 2015, 06:46:12 PM
...So what if transaction cost is 8$ ? it doesn't even matter, ...

As long as you don't use Bitcoin, you'll be fine.  If you plan to use it as money, OTOH... then transaction fees matter.


Title: Re: The future value of Bitcoin
Post by: ensurance982 on January 28, 2015, 07:01:38 PM
I, personally, think it will go to $1000 again, and most likely also above that even. But it may take some time. I really believe we may look back at this point as a good buying opportunity just like July 2013!


Title: Re: The future value of Bitcoin
Post by: kwukduck on January 28, 2015, 07:28:11 PM
I, personally, think it will go to $1000 again, and most likely also above that even. But it may take some time. I really believe we may look back at this point as a good buying opportunity just like July 2013!

Seriously, what makes you think that?

There's basically no news that can save the price now, ETF won't do anything, ATM's won't do anything, merchant acceptance may grow but only pushes the price down... More exchanges won't make a difference...

Add to that the fundamentals are messed up beyond repair...

How is that going to go up in value... please explain...


Title: Re: The future value of Bitcoin
Post by: cakebet on January 28, 2015, 07:34:50 PM
Yes, do elaborate.

I, personally, think it will go to $1000 again, and most likely also above that even. But it may take some time. I really believe we may look back at this point as a good buying opportunity just like July 2013!

Seriously, what makes you think that?

There's basically no news that can save the price now, ETF won't do anything, ATM's won't do anything, merchant acceptance may grow but only pushes the price down... More exchanges won't make a difference...

Add to that the fundamentals are messed up beyond repair...

How is that going to go up in value... please explain...


Title: Re: The future value of Bitcoin
Post by: elux on January 28, 2015, 09:55:24 PM
Do you think the price will ever be that high again?
Or what do you think the future value of Bitcoin will be?

Try this interactive price model: http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

Bring your own assumptions, see the result. Add new market opportunities. Be surprised.

Bitcoin will die. Or it will hit 1000 again, with ease.

Having the long term value to stabilize at < $1000 is implausible.

Long term, it's "Moon!" or "Doom!". :)


Title: Re: The future value of Bitcoin
Post by: lister storm on January 28, 2015, 11:02:17 PM
looking at the next expected difficulty, I think BTC is a bit sub valued at the moment.  I think it will settle in around $350-450 or so in the next couple of months


Title: Re: The future value of Bitcoin
Post by: homo homini lupus on January 29, 2015, 01:09:42 AM
Less talk about the price please.

We should be more concerned about the application and development of the Bitcoin.

your posting in the wrong section then  ::)


@value-talk: Bitcoin has less value than 90% of the non-scam altcoins. It's a technologic relict from last decade. The fundamentals are horrible and it is inefficient. Also expensive to hold and no good store for value.
All you have left is your pipedreams. Bitcoin is useless as moneytoken. It has shown that in the markets. Something better will come along.