RodeoX
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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August 17, 2015, 05:16:21 PM |
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I remember this discussion from 2011. Many people had charts "proving" that bitcoin could never reach $1.  We have come a long way baby. |
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Markos
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Activity: 108
Merit: 10
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August 17, 2015, 05:43:25 PM |
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Possible scenario in one case - quantum computer that will break SHA-256 algorithm. Then bitcoin will have new algorithm (SHA-3?) and network safety returns to 2010-2011 level  |
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Nextgen
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August 17, 2015, 05:46:11 PM |
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if that happens then i will buy more then 5000 bitcoins for sure come on man, after such broad userbase I don't think it will happen ever not even in dreams  |
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thinkinger
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August 30, 2015, 08:54:33 PM |
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i think it will never reach 1 dollar.having been usable for sending money for a little money , never will. if the universe collapses then maybe it can be zero.
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findftp
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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August 30, 2015, 09:08:39 PM |
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What do you think will happen if Bitcoin reach 1 USD exchange rate? Will there be more people joining in to get some cheap Bitcoin? Or will they be a big dump and drop in volume? I personally think that if one day Bitcoin reach 1 USD per Bitcoin it will be the headlines on many newspaper. It will attract lot of attention and more people will buy Bitcoin online while it's cheap.
Dude, this already happened somewhere in 2011. |
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randy8777
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Activity: 896
Merit: 1000
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August 30, 2015, 09:26:01 PM |
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What do you think will happen if Bitcoin reach 1 USD exchange rate? Will there be more people joining in to get some cheap Bitcoin? Or will they be a big dump and drop in volume? I personally think that if one day Bitcoin reach 1 USD per Bitcoin it will be the headlines on many newspaper. It will attract lot of attention and more people will buy Bitcoin online while it's cheap.
Dude, this already happened somewhere in 2011. i am sure he means from now to till in the future and not what has happened in the past. it's simply not possible anymore unless we all leave the project because it failed. even then people will not sell their coins for $1 |
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Shiver
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August 30, 2015, 10:47:29 PM |
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I'm in the camp of "I'd throw $1000 at it" as it's still better than a lottery ticket. I can't conceive of a situation that would cause that though with what we know at the moment.
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lexuz
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August 30, 2015, 11:01:38 PM |
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When the price falls to $50, i think who holding a bitcoin wikk sell all their coins and never want to see bitcoin prices again. Not need to wait falls to $1
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Odalv
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Activity: 1400
Merit: 1000
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August 30, 2015, 11:20:41 PM |
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When the price falls to $50, i think who holding a bitcoin wikk sell all their coins and never want to see bitcoin prices again. Not need to wait falls to $1
Do you understand that you can sell only if somebody is buying ? |
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Dilla
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August 31, 2015, 03:12:31 PM |
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Between the shorts, and massive buying, it'd probably go to $100k |
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Furio
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Activity: 938
Merit: 1000
BTC | LTC | XLM | VEN | ARDR
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August 31, 2015, 03:24:54 PM |
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Long before it reaches that amount the whole network isn't capable of maintaining due to the high power cost and low returns, bitcoin would die long before 1 dollar, since there is too much economy in it now
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Monopoly
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August 31, 2015, 06:50:07 PM |
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What do you think will happen if Bitcoin reach 1 USD exchange rate?
It will dead forever ... i think even Bictcoin reach to $30-40 again it will happened ......... |
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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August 31, 2015, 06:51:23 PM |
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Long before it reaches that amount the whole network isn't capable of maintaining due to the high power cost and low returns, bitcoin would die long before 1 dollar, since there is too much economy in it now
What do you reckon an actual death spiral would look like? |
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theegle
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Activity: 71
Merit: 10
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August 31, 2015, 06:58:45 PM |
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if it happens then some big companies will buy most of them and then promote it very well to earn good profit
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coinzat
Sr. Member
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Activity: 434
Merit: 250
Young but I'm not that bold
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August 31, 2015, 07:06:47 PM |
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It will be the last scene in bitcoins live as miners will stop mining of course
And I think this scenario may happened before reaching this price
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Ruzka
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August 31, 2015, 07:41:07 PM |
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What do you think will happen if Bitcoin reach 1 USD exchange rate? Will there be more people joining in to get some cheap Bitcoin? Or will they be a big dump and drop in volume? I personally think that if one day Bitcoin reach 1 USD per Bitcoin it will be the headlines on many newspaper. It will attract lot of attention and more people will buy Bitcoin online while it's cheap.
Then if it dropped to that $1 you speak of I would have lost a few thousand but gained the status of becoming a whale once I double down my few thousand losses. I don't like to say never but I doubt very much that Bitcoin will ever be close to $1 again that boat was missed along time ago. |
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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August 31, 2015, 08:15:34 PM |
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Then if it dropped to that $1 you speak of I would have lost a few thousand but gained the status of becoming a whale once I double down my few thousand losses. I don't like to say never but I doubt very much that Bitcoin will ever be close to $1 again that boat was missed along time ago.
I think you'd be better off premining 21 million of your own coins to send to yourself because you'd be throwing your dollars away. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 31, 2015, 08:21:35 PM |
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if bitcoin reaches 1$ its going to 0$ in the following 3 seconds.
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agath
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August 31, 2015, 08:48:35 PM |
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if bitcoin reaches 1$ its going to 0$ in the following 3 seconds.
This is true: if Bitcoin has still any usability, 21M of bitcoins are a too small number to keep the value to $1. There are too many people that would buy huge quantities... therefore the only reason that would make its value fall so low is that it doesn't work (hackable? unsafe? Transaction takes too long to be confirmed because blocks are still only 1M? And so on..). At this point it loses all the value so most likely it's 0. |
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mrhelpful
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August 31, 2015, 09:02:43 PM |
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If it ever did reach that crazy #.
Then most of us are on a buying spree on a certain extent of level, which is filled with hope that the value will go back one day.
But seeing that value just means that almost all exchanges have failed then. And millions VC money lost and sites like coinbase will pretty much sell off - the prices are set based on the exchanges.
So that means all those exchanges need to fail- impossible scenario.
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