Bitconian (OP)
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October 08, 2012, 10:42:26 PM |
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I was wondering how much do YOU think a BTC would be worth, let's say....in 5 years from now? and in 10 years? These are my bets  :
in 5 years: 1 BTC=$60 (USD)
in 10 years: 1 BTC=$100 (USD)
what's the highest do you think a BTC can get? |
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Stephen Gornick
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October 08, 2012, 10:50:04 PM
Last edit: October 08, 2012, 11:40:46 PM by Stephen Gornick |
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in 5 years: 1 BTC=$60 (USD)
If Bitcoin is still around 5 years from now, it will be much higher than that. Otherwise it will be much lower than it is today. |
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DannyHamilton
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October 08, 2012, 11:07:44 PM |
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If Bitcoin is still around 5 years from now, it will either be much higher than that. . .
I'd agree with that statement. If Bitcoin hasn't collapsed and failed as a currency in 5 years, then I wouldn't be surprised to see the exchange rate above 1BTC=$1000 (USD) After 10 years, if Bitcoin is mainstream and widely used/accepted, I wouldn't be surprised at all to see an exchange rate above 1BTC=$10,000.00 (USD) |
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nobbynobbynoob
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October 08, 2012, 11:16:41 PM |
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And with every passing day, Bitcoin looks less likely to collapse as a working currency. It's survived quite a lot already, and what doesn't kill you...
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emuLOAD
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October 09, 2012, 09:57:59 AM |
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...gets you regulated out of existence.
Now, this is just provocation. I don't "predict" that will happen... truth is, I don't know.
Exchange rates of hundreds or thousands of dollars to the BTC are possible, i suppose, but I wouldn't bank on them. If what you are truly asking is what you can expect to take out of BitCoin if you invest now and wait 5, 10 or 15 years... well, then it's a pure gamble.
Looking at what has happened so far, we can easily say there is an interest in Bitcoin from the community, and there are some more or less legitimate businesses which do indeed use Bitcoin, even though they are mostly limited in reach and type of services provided. While amongst ourselves it may seem to be gaining traction and acceptance, we do witness the full power of its weaknesses when it comes to scams and government interventions. This is for the better and the worse, of course. A good portion of Bitcoin's current value comes from it's intrinsic unruliness... should for instance Silk Road shut down, while a great thing from a moral and health point of view, it would hurt Bitcoin value.
Basically, never make the mistake of playing against the risk of not making money, think about how much you are willing to completely loose, and invest that amount.
If it really doesn't fail (or get killed) in the next 5 years, and the community continues to grow like it has so far, it's not unlikely for bitcoin to be worth anywhere from 20 to 200 dollars apiece. more, I would be surprised.
I'd be glad to be ^_^
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tsakf
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October 09, 2012, 02:42:46 PM |
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I think 100USD will be around 2015.
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RodeoX
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The revolution will be monetized!
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October 09, 2012, 02:45:20 PM |
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My bitcoins are already $100/ BTC. |
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nobbynobbynoob
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October 09, 2012, 03:46:52 PM |
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My bitcoins are already $100/ BTC. Which means you've chosen not to be a speculator at present and I respect that. I suppose I could buy some of your BTC off you at BTC1 each, but I think I'll just call it evens for now. |
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RodeoX
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The revolution will be monetized!
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October 09, 2012, 04:57:56 PM |
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My bitcoins are already $100/ BTC. Which means you've chosen not to be a speculator at present and I respect that. I suppose I could buy some of your BTC off you at BTC1 each, but I think I'll just call it evens for now. I have already made back all the money I put into BTC. The rest I have are for spending or saving. That's why I don't want regular money for them. |
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ammo88
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October 09, 2012, 05:36:00 PM |
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I believe USD will keep decreasing in value through the coming years. So guessing in 5 years: 1 BTC ~ $90
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killingthemonkey
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October 09, 2012, 05:44:34 PM |
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The real question is, how long can we keep government fingers off?
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flynn
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October 09, 2012, 05:45:11 PM |
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Bitcoins and Paintings share the same characteristic : uniqueness. You can't make another Picasso, nor another bitcoin, after the 21,000,000th.
Picasso has painted about 8,000 paintings. One was sold lately for over 100 M$ by Sotheby. Of course not all of these are worth this price, but my wild guess is that the 8,000 paintings could be worth 20 B$ ?
Of course bitcoins don't have the save aesthetic value than Picassos's but on another hand it's difficult to buy bread with a Picasso.
If BTC get to be as known as Picasso's, would they worth 20B$/21M.BTC ~ 1000$/BTC ?
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intentionally left blank
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WorldOfBitcoin
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October 09, 2012, 06:10:18 PM |
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2016 after 4 years occupying Iran faces economic breakdown. US in spiraling hyperinflation pegs itself to bitcoin. By government order
1 satoshi = 1 penny.
or 1 btc = 10,000 dollars
worth about a loaf of bread.
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ammo88
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October 09, 2012, 06:13:49 PM |
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The real question is, how long can we keep government fingers off?
That question is what, for me, makes Bitcoin so extremely intresting to follow and to be part of. I am sure that sooner or later the government will take interest into this much more. And since partly the idea of Bitcoin is about decentralization, I'm sure Bitcoin will be talked about on all major News networks soon. Politicians will start debating about it, positives/negatives discussions and so on. AND, ultimately there will be a war about it and ppl start dying, end of story. |
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cointell
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October 09, 2012, 06:20:55 PM |
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1 satoshi = 1 penny.
um... That would be 1 btc = 1,000,000 dollars |
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Wekkel
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yes
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October 09, 2012, 06:47:03 PM |
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I think you should relate it to the economy surrounding Bitcoin. Although BTC has a lot going for it, it will probably take a lot of years for Bitcoin to reach its 'Steve Jobs' moment so that it becomes fit for the general public. I posted some ideas here: https://bitcointalk.org/index.php?topic=56562.msg679650#msg679650 |
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dieteralex
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October 09, 2012, 08:09:04 PM |
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i would say there are two possibilities. either bitcoins are worth a few hundred dollars in less then 5 years or they'll vanish within the same time
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Akka
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October 09, 2012, 08:13:53 PM |
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i would say there are two possibilities. either bitcoins are worth a few hundred dollars in less then 5 years or they'll vanish within the same time
BTC can still languish a round for a couple of more years. But basically, yes. I think the next four to five years are critical. Either BTC will make it by then, or disappear into meaninglessness (yes, that's a word) |
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nobbynobbynoob
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October 09, 2012, 08:27:12 PM |
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I've managed to get at least one friend into it already and will keep working on the others. I've also printed up a dozen flyers promoting Bitcoin so I'll see where I can post them strategically without getting in trouble with the fuzz. |
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TenDrawBTC
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October 09, 2012, 09:38:28 PM |
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I don't care as long as the price goes up like it is designed to. Yeah I'm working on getting some friends in to it, but people are so close minded.
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