|
|
|
|
|
|
|
|
|
Whoever mines the block which ends up containing your transaction will get its fee.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
spud21
|
 |
May 20, 2015, 01:52:32 PM |
|
Probably about 100 million dollars spent on bitcoins each day.
|
|
|
|
|
gentlemand
Legendary
 Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
May 20, 2015, 02:00:53 PM |
|
Bitcoin becoming a world reserve currency would definitely make it worth 100 times more  More like 10,000 times I would've thought. |
|
|
|
|
Paashaas
Legendary
Offline
Activity: 3429
Merit: 4358
|
|
May 20, 2015, 02:01:30 PM |
|
I love playing with that price model, the potential is mind-blowing. Best part is; when Bitcoin takes off the targets will be higher then just 1%  |
|
|
|
|
elux (OP)
Legendary
Offline
Activity: 1458
Merit: 1006
|
|
May 20, 2015, 02:21:40 PM |
|
Note that this only considers Bitcoin as currency.
The boring stuff. Store of value, simple transactions, remittance, settlement, "swiss bank account".
The stuff Bitcoin does today.
No fancy pants programmable money or NASDAQ on the Blockchain or Internet of Things.
No science fiction. No revolutionary or speculative 2.0 future applications.
Good old fashioned Bitcoin digital money.
|
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9552
#1 VIP Crypto Casino
|
|
May 20, 2015, 02:27:41 PM |
|
Bitcoin at 23,000 USD, yes please. It all looks & sounds very nice but I'm beginning to lose hope that I'll live to see prices like that. I hope it happens, it'll make us all very wealthy but my confidence in that kind of rise is draining by the day. |
|
|
|
|
huadylmate
|
|
May 20, 2015, 02:27:46 PM |
|
"All" the worlds drug and illegal arms dealers using bitcoin as their own currency.
|
|
|
|
|
elux (OP)
Legendary
Offline
Activity: 1458
Merit: 1006
|
|
May 20, 2015, 02:49:36 PM |
|
It all looks & sounds very nice but I'm beginning to lose hope that I'll live to see prices like that.
[PLACEHOLDER] Follow-up question: What does it take for today's Bitcoin price of $233 to be unjustified? (In the long term.) |
|
|
|
|
Amph
Legendary
Offline
Activity: 3206
Merit: 1069
|
|
May 20, 2015, 03:20:49 PM |
|
rest assured that this isn't something that can happen overnight, but if ever bitcoin would be evaluated that much one day, it would mean that we reached a great usage rate
when you see it from those prospects it looks easy, but actually it isn't... the good news are there, the halving is coming, only the hope remain...
|
|
|
|
|
acquafredda
Legendary
Offline
Activity: 1316
Merit: 1481
|
|
May 20, 2015, 03:35:02 PM |
|
Note that this only considers Bitcoin as currency.
The boring stuff. Store of value, simple transactions, remittance, settlement, "swiss bank account".
The stuff Bitcoin does today.
No fancy pants programmable money or NASDAQ on the Blockchain or Internet of Things.
No science fiction. No revolutionary or speculative 2.0 future applications.
Good old fashioned Bitcoin digital money.
I think I started looking at BTC because of this. Isn't fascinating the potential which is behind such a technology? As I said somewhere else is like gold better than gold. BTC is portable (even beyond country borders), a unit of account, fungible, divisible (in some satoshi's), durable (BTC don't wear out) and one day it will be the best store of value ever. Or, at least, I hope that. Maybe the only thing is one can't have BTC jewelry... or can he/she? |
|
|
|
|
Pecunia non olet
Full Member
Offline
Activity: 882
Merit: 102
PayAccept - Worldwide payments accepted in seconds
|
|
May 20, 2015, 03:36:39 PM |
|
What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.
|
|
|
|
Coogan
Newbie
Offline
Activity: 54
Merit: 0
|
|
May 20, 2015, 04:01:30 PM |
|
It'll take mass adoption. We need it to be adopted by many of those industries in the picture and accepted by many stores and merchants around the world. If people stopped using banks in the remittance and bitcoin became the defacto way to send money around the world then I think that would have a massive effect on the value of bitcoin.
|
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
May 20, 2015, 04:23:39 PM |
|
What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.
If we take into account hoarded, lost, Satoshi coins, I remember reading somewhere it would take $250 billion to push the price to $80,000. That assumes that massive selling doesn't come out of the woodwork. You'd be a bit stupid not to. It would fun and fascinating if it did happen. I ain't holding my breath though. |
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
May 20, 2015, 05:00:56 PM |
|
What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.
Riiight. Somebody doesn't understand how market capitalisation works. (Hint: it's you.) |
|
|
|
|
|
melody82
|
|
May 20, 2015, 05:15:31 PM |
|
holding the price is much harder then pumping it,only some big news can increase pirce of bitcoin but still i doubt about 100x
|
|
|
|
|
edwinrosero
Newbie
Offline
Activity: 5
Merit: 0
|
|
May 20, 2015, 05:23:21 PM |
|
What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.
Riiight. Somebody doesn't understand how market capitalisation works. (Hint: it's you.) I cringe anytime these threads come up. |
|
|
|
|
elux (OP)
Legendary
Offline
Activity: 1458
Merit: 1006
|
|
May 20, 2015, 05:34:07 PM |
|
What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
If this was true, then, following your argument, it must have taken a... one-time investment of... uhm... THIRTEEN POINT NINE BILLION DOLLARS to bring the price to $1151 on Bitstamp. Do you agree, Pecunia? |
|
|
|
|
Chef Ramsay
Legendary
Offline
Activity: 1568
Merit: 1001
|
|
May 20, 2015, 05:40:43 PM |
|
Bitcoin at 23,000 USD, yes please.
It all looks & sounds very nice but I'm beginning to lose hope that I'll live to see prices like that.
I hope it happens, it'll make us all very wealthy but my confidence in that kind of rise is draining by the day.
Are you in your late 70s? There's a lot of things building up right and price will follow when it's ready. I remember you saying you started buying a year ago so you've yet to experience the roaring 20s so you're in for a shocker coming up. Patience is a virtue and in this ballgame, it's the Godfather. |
|
|
|
|
Father Ted
Newbie
Offline
Activity: 22
Merit: 0
|
|
May 20, 2015, 06:48:46 PM |
|
Re: What does it take for Bitcoin to go 100X?
A miracle. At 500 billion I think the remittance market is all we need, though any and all online businesses accepting bitcoin would be mega for bitcoin. I can't see why online stores wouldn't accept bitcoin to be honest.
|
|
|
|
|
elux (OP)
Legendary
Offline
Activity: 1458
Merit: 1006
|
|
May 20, 2015, 06:58:23 PM |
|
Bitcoin today could be the best investment opportunity since... Bitcoin pre 2013.  |
|
|
|
|
|
