Bitcoin will never again be priced over $300.

[RodeoX]

Mine are $1500 each. Discussion over?

[ThatDGuy]

Yes it will

[D05GTO]

Mine are $1500 each. Discussion over?

Man yours are really cheap.  I'll take $2000 for 1 of mine the rest will cost much more.

[spazzdla]

Mine are $1500 each. Discussion over?

Man yours are really cheap.  I'll take $2000 for 1 of mine the rest will cost much more.

This.

[JimboToronto]

I look forward to intelligent, reasoned arguments for how Bitcoin will again find a value north of $300.

Mine are $1500 each. Discussion over?

Ka-ching. We've got a winner.

Sorry Ben, try again.

[lexuz]

it's not that hard to go over $300 but definitely not in the comming months. maybe end of the year or beginning next year. long term trend is up. short term doesn't look so bright.

Im not sure end of year price will go over $300. When price drop its like instanly but when price want up its hard. You see 3 month price stable on range 200-240

[Chef Ramsay]

it's not that hard to go over $300 but definitely not in the comming months. maybe end of the year or beginning next year. long term trend is up. short term doesn't look so bright.

Im not sure end of year price will go over $300. When price drop its like instanly but when price want up its hard. You see 3 month price stable on range 200-240

I'm wagering we'll see some interesting action sometime this summer and/or the fall once the Winks get their clearance from the SEC. There's so much potential for legions of demand entering the market coming up here. It'll be the gift that keeps on giving.

[Natalia_AnatolioPAMM]

Yes it will

no,it will not!

[Steamingoff]

THATS WHAT I SEE IN THIS FORM

[BTCtrader71]

If there is enough adoption 21 million coins is not enough to go around. ... If 21 million people were interested in bitcoin the price would easily head north of 4 figures.

I strongly disagree, for this simple fact: one satoshi carries exactly the same transactional capability and benefit to consumers/merchants as does one full Bitcoin.
People need to get over the mindset of $1/BTC1, i.e., value being assigned in integer increments.

The current Bitcoin protocol provides for a maximum of 21M BTC x 100M sat = 2.1 QUADRILLION units of fungible supply.

Ben

The argument Transidium puts forth has been made before but it does not hold up to scrutiny [1]. One could attempt the same argument with gold that he is making with bitcoin, and the argument falls apart in both instances, and for the same reasons. The (invalid) argument goes like this: the smallest unit of gold is one gold atom; the number of gold atoms that have been mined is ONE CADJILLABILLION (actually I don't know, but it's more than the number of Satoshis that will ever exist); therefore, the supply of gold is effectively limitless (in terms of number of atoms); and this places some sort of ceiling on the value of gold.

One needs to realize that there is a difference between these two things:
1) the total supply of something
and
2) the number of indivisible units of that something.
The error in Transidium's logic is that he does not appreciate the difference between 1) and 2)

Thought experiment: suppose the US Mint decided tomorrow to start minting coins worth one-tenth of a penny. Will this cause the purchasing power of the dollar to fall, because there are more smallest-units in the world? (Answer: no.) Likewise: if the core developers and the community at large decided tomorrow that one bitcoin could be divided into a few extra decimal places, would that cause the value of one bitcoin to fall? (Answer: no)

~ btcT

[1] unless he is making the argument in the context of some specific implementation of the concept of colored coins, where 1 satoshi could in principle be used to label something of an arbitrarily high value; but I don't think that is the argument he is putting forth.

[nicked]

If there is enough adoption 21 million coins is not enough to go around. ... If 21 million people were interested in bitcoin the price would easily head north of 4 figures.

I strongly disagree, for this simple fact: one satoshi carries exactly the same transactional capability and benefit to consumers/merchants as does one full Bitcoin.
People need to get over the mindset of $1/BTC1, i.e., value being assigned in integer increments.

The current Bitcoin protocol provides for a maximum of 21M BTC x 100M sat = 2.1 QUADRILLION units of fungible supply.

Ben

If I'm not mistaken Ben, you just proved yourself wrong with that statement.

[fkvidar]

This prolonged drop is going to cause a lot of investors to secure their profits, so yes, we will see a return to $300 or $400 easily.

[tarzan2]

all this financial talk is wonderful and all, but your missing a fundamental point.. maybe not all of you but the ones i looked at..

bitcoin is uniquely positioned as the foremost cryptocurrency-the very notion is a novel invention that could, and to some extent is, revolutionizing the way money is exchanged.. i dont care how much miners end up costing the few.. i for one have free power-at least for me it is- and so i will mine till my miners fall to pieces or 21mil is reached.. whichever comes first. there are some that place value beyond speculation-like myself i see bitcoin's value as a vehicle of greater than mere financial efficacy. what about the social and political influences that bitcoin provides for?
one could theoretically fund a revolution with bitcoin.. think about that

[Cconvert2G36]

all this financial talk is wonderful and all, but your missing a fundamental point.. maybe not all of you but the ones i looked at..

bitcoin is uniquely positioned as the foremost cryptocurrency-the very notion is a novel invention that could, and to some extent is, revolutionizing the way money is exchanged.. i dont care how much miners end up costing the few.. i for one have free power-at least for me it is- and so i will mine till my miners fall to pieces or 21mil is reached.. whichever comes first. there are some that place value beyond speculation-like myself i see bitcoin's value as a vehicle of greater than mere financial efficacy. what about the social and political influences that bitcoin provides for?
one could theoretically fund a revolution with bitcoin.. think about that

The electric utility thanks you, your landlord (mom), doesn't.

[tarzan2]

hmm yes my mom huh.. move along plz your just wrong

[tarzan2]

though at times she can be a generous lady, especially if i eat my veggies and dont wet the bed.. i dont think she'd like to pay for 8kwh of electricity running 24/7 tho

[(Lithium)]

can someone un dig threads saying bitcoin never will be priced over $2 again or something to show how ridiculous this thread will be in the future?

[Chef Ramsay]

Ya, the OP is taking a major chance on this thread by making such an ignorant assumption at this point. I can't comprehend anyone that thinks that bitcoin stops under the 300 mark. This height will melt soon.

[tarzan2]

can someone un dig threads saying bitcoin never will be priced over $2 again or something to show how ridiculous this thread will be in the future?

thanks goodness. i was worried we had been overrun by financial fortunetellers.. have some hope people.. not everything the wall street journal says is real. in fact im inclined to think its all fake, but i am no investment banker so i dont know how to capitalize on the arbitrary fluctuations and downright crashes of the fiat economy that seem to propel these guys beyond the stratosphere

[oser41eric]

Ya, the OP is taking a major chance on this thread by making such an ignorant assumption at this point. I can't comprehend anyone that thinks that bitcoin stops under the 300 mark. This height will melt soon.

I am with you here, all you have to do is use one of many brain cells we should all have. Manipulators are sitting with shed loads of coin and dollars to pump it, thinking they are just going to retire and leave it under $300 is crazy. Have to add I am liking these 220-300 rides on the backs of the hump backs. $300 by the end of the month but probably sooner than that.