Is that really possible???
I really don't think so that it would reach near to $1000 in the future and if it happens then that would be the best day of my life and i would sell all my bitcoins and buy a luxury home for me and my family lets hope for the best and believe that day would come soon.
If you have enough money that $1k bitcoins will afford you a luxury home, you won't be that excited. I still can't understand how bad at math some people are. They think that a 4-5x increase will solve all their problems when they probably have less than 10k invested. |
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Isn't it amazing how much time and effort some people spend, every day, creating the exact same threads, with new accounts? And all of it merely for the selfless goal of trying to warn us of the impending doom... that hasn't come for - what, over 5 years?  I'll also be keeping my coins, thank you very much - you get an A for effort, though.  just be careful those coins don't poison your family as well! I'm going to stay as far away from bitcoin as I can from now on. I'm going to go around the neighbourhood after lunch to ask if anyone uses bitcoin. If they do, I'm gonna have to move to a place where no one uses bitcoin. |
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u guys keep thinkign it goes up ? What if it goes below 1$ ? I dont think it would. Why would the rich cats let it fall? If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year. Thats what people don't get. What we are seeing is a magical gift, and opportunity to get it cheap as hell again, while the big money hands also pick a lot of BTC on this sub 300 price. Once the train goes off the station again, never complain and never cry, you had your 2nd chance. That's just not true. If they let it fall from 1200 to 200, why not from 200 to 40? from 40 to 8? You might have your whole savings in bitcoin, but for the really big guys, the amount they have in bitcoin is almost insignificant to them. Besides, any real investor will have learned to trade base on logic, not on emotions. They're not going to waste resources losing more money. If something fails, they'll pull out asap, they're not going to think "omg, what if it goes up another 5% then I can make back another $20,000". That's the kind of thinking of people who end up losing everything. *I'm a bitcoin bull. But I don't believe in using false logic to comfort ourselves and delude ourselves into thinking there are no risks. |
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Look, not every single thing vaguely related to bitcoin or decentralization is a "killer app". The vast majority of them are crap. This one in particular.
Facebook is valuable not because it's really well-made. It's not because the world loves Zuckerberg. It's because it has a lot of users. It's the same with uber, airbnb, and anything of that nature. The value is in the userbase, not in the product itself.
Any decent team of programmers can make an airbnb. Any decent team can make a Facebook or an Uber. But they're not going to earn billions, because they don't have that userbase. The difficult part isn't creating the product, it's attracting costumers.
With a bitcoin social app, you have to overcome the huge advantage of other social sites like Facebook, Renren, Google+........., AS WELL as overcome the world's perception of bitcoin.
So you have to overcome the difficult part TWICE. Sorry, I don't see this thing working.
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I tried this for fun. The result is disappointing for you. The auto-complete gave me
The Times 0f India (yes with zero, no I'm not from India).... strange....
This. Except it's the times 0f india. |
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I'm positive 4 people with over $500k spare money to invest in bitcoin just voted in this poll.
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How long time will take to mine all that 21 mln,diff will rise more
Finally miners will turn off the light and go home
The last satoshi will be mined some time around 2140. The amount of mining, the difficulty, the number of miners, etc. will not change that by more than one or two years one way or the other unless everyone quits mining (Bitcoin death). Other than that the system will adjust to the amount of mining by design and the rate of BTC production will remain on schedule. where did you get 2140? I can't remember whether it's 2120 or 2140 but it's definitely not 2020. Probably 2140. Where? just Google it. |
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don't worry, I got it too, I just had nothing to say  |
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I don't like the sound of "virtual currency". It's like it isn't real or it doesn't exist. I think this must be a barrier for a good number of people.
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*non-troll*
While I agree with Amph's standpoint, I think he lost the argument... by far.
The thing is though, you can't just look at it that way. VCs normally expect returns in 5-10 years. If 2013 was when VC money first entered, it's only been 2 years. Give it another 3-7 years, and who knows.
It's like looking at an elementary student, and saying he can never be a world class swimmer. Way too slow. Well, guess what. He is still growing, and improving his speed.
Will bitcoin survive? Who knows. But to simply look only at price is not the answer. If that was so, it never would have reached $2 when it was $1.
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bitcoin is already associated with money laundering, scams, drugs, terrorist funding...
don't associate it with graffiti as well, please.
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I personally don't think we can learn anything from the very early adopters other than maybe being confident enough to invest in something we strongly believe in that maybe at the time is very risky.
Early adopters made a lot of money if they put a decent amount of capital into bitcoin purely because they got in early.
I doubt there's another stock/share/investment that you could buy for 5 USD and sell for over 1000 USD 4-5 years later.
I respect but am also envious of the 2009-10 early adopters.
The key to becoming rich on bitcoin was getting in very early and selling at huge profits.
We can only hope that bitcoin explodes into mainstream adoption and we get rich off it too.
If you read the stories, many early adopters lost a lot of coins due to investments in miners and startups. While they still made a nice buck, it's nowhere near the potential their coins had at the time. Ironically, most of the people that made a killing in the early days are only those that literally forgot they even had Bitcoin. If they payed too much attention to the price, they all would have sold way too earlier. This teaches us a lesson: Buy Bitcoin and forget about the price, come back in 5 years and you'll not even need to cash out. if you don't even need to cash out, then use it now to buy your stuff from shops that accept bitcoin, the only difference it that in the future 1 btc will buy you more things, aside from the fact that you are dumping or not and if you think about it, we could be the next early adopter, it is only a thing of perspective, bitcoin has to reveal many trains yet umm.. that's the only important poitn.. . no one cares about converting some numbers (of btc) to some other numbers (of USD/rmb etc) they only care about how many things that number can buy them. |
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1. See: velocity of money.*
2.There's definitely some suspect logic in "many exchanges being built, thus price must rise to support them."
*If the 2.7 tps screw-up ever gets patched, that is...
Ah, I see! Because it takes a much longer time to trade a physical BTCeanie BTCabie, that's why it's worth a lot more than BTC... You're a freaking genius! |
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Yeah, I think it's very unlikely bitcoin will sustain a value in the hundreds. It'll either be really low or decently high. It's amazing how unimaginative people are, thinking that because it's 200 now, it'll remain 200 forever. Not gonna happen.
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By 2020, I think you'll be a millionaire with one tenth of that. 2020 should bring Bitcoin somewhere close to $100,000 in today's value. Even if I'm wrong by a factor of 2 or 3, I'll still be very happy about it
You should be realistic. That's only possible if the exponential growth of the past years can keep up. Considering the market cap that comes with it, I would count on being a millionaire by 2020 with 10 coins. YOu mean you wouldn't, right? I'm a pretty big dreamy bull, but I wouldn't either. I wouldn't completely discard the possibility, I think it's more likely than winning the jackpot in a national lottery. But 100 coins >= 1M USD isn't that farfetched, and about as likely as guessing a dice roll, IMO. Maybe even more than that. |
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Even in the most optimistic scenario, I don't think this is possible. Just look at google. YOu'd think google owns search, but they take a surprisingly (at least to me) small % of all searches. There's no way anything can take a 100% market share. Unless you're forced to use something by a dictator
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The hell with all the alts here...  It's funny right. One guy arguing with everyone and trying to look like he is part of a group of like minded accounts. Wana see something hilarious ask him to place his money where his mouth is and bet. then it's all crickets and excuses. That's not true. He just told me he's going 33% BTCeanie BTCabies. It seems he has also invested in 55-gallon drum of potable water that taste like plastic and piss. I guess people are getting tired of foie gras and caviar, and are turning to piss flavored water. I am going to follow his great advice. You should too. |
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It's no surprise to me that the price has gone up. Bitcoin price never goes up. In 10 years once we look at the all time graphic the logarithmic progression will show nothing but gains and the 1K peak will be nothing but a small bump, rendering as complete retarded anyone that didn't buy insane amounts of sub 1K BTC when they had the time to do so. I disagree. It's like saying anyone who didn't buy winning lottery tickets for the draw last week is a retard. The numbers are obviously __,__,__,__,__,__. Yeah, you know the result now, but you had no way of knowing it last week. It's the same with bitcoin. Vancouver is a pretty good city in terms of bitcoin, having the world's first bitcoin ATM and stuff like that. As such, I heard about bitcoin a long, long time ago. But I don't really regret not buying it then; because at that point in time, it really was uncertain what bitcoin was, and in all likelihood it would've died. The amount of knowledge I had back then meant that not buying was the correct choice. |
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No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?
Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet? Horrible logic. That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year. , we have reached $1000 where have we gone since then? That is right we are on a slippery slope down down down. Why not $1 because you would lose your hopeful future $20k if it reached the 10k which it won't because we are going down baby be happy not sad  On topic, yes. Perfect logic, No. Continuing my example above, would you say I have a higher chance of ending up in San Fran, since i took a little detour on the way to LA? The main point is, you're saying there's a higher chance BECAUSE IT'S ALREADY BEEN THERE. That part of your argument is a fallacy, plain and simple. It's not perfect logic. It's like if I said "because apples are green, the Earth is spherical". Sure, the Earth is spherical, but it's not because apples are green. Why not $1? Because I don't think it'll reach $1. There are too many delusional libertarian Satoshi worshippers to let that happen. That doesn't mean bitcoin can't die, for all intents and purposes, for everyone else. |
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