2016. If anyone knew the answer to that, they'd be buying all the coins they could right now  . I am. Just greed, hopefully your right... I dont think it is even possible for $100,000 per BTC to happen in 2016, if ever Look a few years back. Tenfold increase or more every year. 1k next year, maybe even this year. Then 10k, 100k. It's unbelievable but the numbers are so very, very simple. Barring some kind of disaster, this is how it will be. And after 20 years 1 BTC worth more than there are money in the whole world? Cman, exponencial growth cannot last forever Required watching for understanding the bitcoin price development: http://www.youtube.com/watch?v=qHUPPYzzZrINice vid man |
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I would say either in this decade or never. The digital world is changing in a ultrarapid pace; if the underlying idea is good, mainstream adoption should not take more than 10 years.
Makes sence, but 4 years passed since Bitcoin start and big merchants still dont use Bitcoin... Oh wow, a whole 4 years.... |
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I used to have 10,000 bitcoins
spent it on shrooms in silkroad
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Yeah some of the answer choices don't apply to me at all, and I pick none of the above and fail the verification...
Are you guys using multiple exhanges? What else do you recommend for US buyers besides coinbase
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Had about 8, stolen. So if few people that ripped me off are reading this. Sucked in, hope you've lost it all. I'm earning mine back the hard way  woah... how did you lose 8?? someone voted 1000+, if that's true then wow, good for you! |
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BTC Sorry if this was done before, but I'm just curious on how many BTCs the average people here owns? I have 10 and I want to know where I stand compared to you guys, I'm thinking of buying more actually. BTC
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Anyone else tried to get Level 2 verification on coinbase and having problems? When I do the verify my identity feature, it asks me a bunch of random questions and I already failed twice! It asks me which one of these random numbers are related to me, or who among these random people do I know... WTF? I don't recognize any of those answer choices! Is there any way I can find out where the hell these questions and answer choices are coming from?
I really want to buy more bitcoins... but I cannot wait 30 days for my first transaction to completely... I will most likely miss out on all the gains by then, in 30 days the price may go up a lot higher.
Should I open an account somewhere else and buy from multiple places? Anyone else doing this? What's another secure, simple and trusted place and a good place to buy bitcoins from USA other than coinbase?
Thanks
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lol I lift 5x a week and I bet im more bigger and more swole than you poocy boy
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Bitcoin doesn't have anything to do with dollars.
Okay, honestly, I had to read your post a few times, because your questions do seem rather dumb. But here's the answer. Bitcoin is revolutionary for basically one reason. It isn't centrally controlled. All of the other revolutionary design characteristics of Bitcoin flow from this. For instance, it is limited in quantity because, in a decentralized currency, no one can set an inflation rate. So once all 21 million Bitcoins are mined, there is no inflation. As you pointed out, the value fluctuates as determined by the free market. This is also revolutionary in a way that fiat currencies are not. Limited, free market currencies efficiently transmit pricing information so that all sectors of the economy can work together optimally. Because Bitcoin is decentralized, there are no banking monopolies. Fees are determined by the market, so they approach cost. Bitcoins are completely digital. Unlike previous limited, free market currencies such as gold and silver, Bitcoin is extremely liquid. It can be near-infinitely divided to use in everyday trade. Because of it's decentralized design, there is no need to trust centralized entities such as governments or companies such as Paypal that can, and frequently do, arbitrarily disrupt trade.
Yeah thanks, for calling me dumb and partly answering my question and mostly reiterating what I said Inflationary vs Deflationary
One is set up to lose value over time (the US$ has lost 99% of its value in the last 100 years) and the other is set up to rise in value over time as supply is managed to a fixed endpoint
Bitcoin is going to destroy all the value just the same. It is proven pyramid scheme. Please gtfo... I'm pressing the ignore button on you In almost every way Bitcoin is exactly the opposite of Government issued fiat currency: Peer-to-peer Centrally controlled
Open source Closed doors
World wide Each country
Outside government Government
Outside banking Banking
Free market Manipulated every day
Limited supply Infinite supply
Irreversible Reversible
Reward savers Punish savers
Necessity economy Consumer economy
Yours to posses/own Bank posseses/owns
This is perfect, thanks! |
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Nice chart but are you sure buddy? It looks like we're finishing the early majority phase and going down hill for a while  |
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People say we missed the train... but yet most people don't understand what bitcoins are let alone even know about it, and its still in it's early stage. Some say it has potential to increase in value 1000x more... but some say that will never happen. So do you guys think people who invest now are still the "early adopters"? Why can't I ever be a part of explosive gains??  |
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No not in this life.
Why are you so negative my friend?? |
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Thanks for that link!
and lukestokes, your video is very helpful! I'm still watching it right now
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This will sound stupid but I'm just gonna be blunt...
How is bitcoin different than transferring dollars through Paypal? They say bitcoin is instant, and there is no cost... isn't transferring money through Paypal instant too? When I transfer money to my friend online from my bank to their bank... isn't it instant too? Why does transferring money require transaction fees but transferring bitcoins don't? Is it because money from different banks and corporations actually need to be physically delivered at some point, where bitcoins are virtual? How can money be manipulated and the bitcoin cannot? Is it because the value of bitcoins depend on the free market aka supply vs demand of the people who own it... as opposed to the dollar that is inflated by the gov/federal reserve?
Serious and simple answers would be appreciated. I want to grasp the concept on how bitcoin is revolutionary... I sort of see it but I'm kind of confused at the same time, maybe because I know jack about money and finance.
Thanks
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I'm waiting for when BTCs are worth $10,000..... do you think it'll happen within 2 years?
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3 more 8 month cycles. so 24 months? if you're wrong you got a whole world of pain coming your way |
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This is the same as buying 1000s of penny stocks for dimes and then cashing out years later for 10000X the amount. Like if you bought microsoft stock when it was a penny stock.
In the 1800s, people having multiple billion dollars in net worth was unheard of. People becoming richer and richer, the fed reserve prints more and more dollars and the value decreases due to inflation.
I see what you're saying though, but someone more knowledgable than me could probably answer you better
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That is the only way I will become a millionaire..... screw petty gains, $1000/BTC is nothing
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and the lucky ones who own 1 whole BTC or more will be rich.
I'm hoping this happens
Many hopes which means it wont happen most likely. Unfortunatelly strong username to post correlation |
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