In your opinion, what price point is "Da moon"?

[Raimonn]

"Da moon" is a dreaming price that we have, not a real price point. Dreaming is free and 10.000 $ point will be very nice to see, but on the real market 1.000 $ Bitcoin in one or two years is a dream for everyone that bought it near 200$ weeks ago.

[chennan]

The average distance to the Moon is 384403 km, so it would be fairly reasonable, if you set 1 bitcoin to 1 km, that 384,403 USD equals to da moon!

Or if you want miles, it is a bit less: 238,857 USD.

Sounds about right to me, atleast, I wouldn't worry anymore

Haha, that's actually a pretty interesting way to look at it in that way... I guess you bring up a good point, though, it's pretty unrealistic...

"Da moon" is a dreaming price that we have, not a real price point. Dreaming is free and 10.000 $ point will be very nice to see, but on the real market 1.000 $ Bitcoin in one or two years is a dream for everyone that bought it near 200$ weeks ago.

Yeah, even though some people weren't fortunate enough to buy bitcoin when it was $10-50 and waited until 2013 to sell out... there are still some of those people.  I believe that $200 will be the lowest it's going to go right now, and the new "low price" after a couple of years might be $400 or something like that a coin... I just have some kind of feeling that another crazy spike is going to happen after the halving.  It's going to be a crazy ride next year, IMO.

[solid12345]

Personally I don't think anything can be labeled the "moon" when we get excited about going back to 1/3rd the price was 2 years ago. When we pass the ATH then we can talk.

[DieJohnny]

The average distance to the Moon is 384403 km, so it would be fairly reasonable, if you set 1 bitcoin to 1 km, that 384,403 USD equals to da moon!

Or if you want miles, it is a bit less: 238,857 USD.

Sounds about right to me, atleast, I wouldn't worry anymore

Haha, that's actually a pretty interesting way to look at it in that way... I guess you bring up a good point, though, it's pretty unrealistic...

"Da moon" is a dreaming price that we have, not a real price point. Dreaming is free and 10.000 $ point will be very nice to see, but on the real market 1.000 $ Bitcoin in one or two years is a dream for everyone that bought it near 200$ weeks ago.

Yeah, even though some people weren't fortunate enough to buy bitcoin when it was $10-50 and waited until 2013 to sell out... there are still some of those people.  I believe that $200 will be the lowest it's going to go right now, and the new "low price" after a couple of years might be $400 or something like that a coin... I just have some kind of feeling that another crazy spike is going to happen after the halving.  It's going to be a crazy ride next year, IMO.

If there are enough entry points for new dollars like Gemini and Coinbase, then keep in mind these entry points were not around during the spike to $1200.  Spikes are driven by greed. How many greedy ass wall street bastards have their Gemini accounts set up just waiting for what is clearly an upward momentum swing? what will slow down the coming spike??

I think we will see a surge and a small pull back, but then the next surge will blow our minds. Greed has no boundary, it has no top. Believe me people with millions of dollars to blow don't care if bitcoin is a ponzi or if it is Gold, if they see a chance to make a buck they will take it. Ponzi's, Gold, stocks, they never go away and there is always a coming freight train of speculation, with bitcoin right now we are standing on the track and 50 feet away is a cloud blocking our vision, when that train breaks through that cloud, there will be no time, its size and speed will vaporize us all.........

[dothebeats]

"Da moon" is a dreaming price that we have, not a real price point. Dreaming is free and 10.000 $ point will be very nice to see, but on the real market 1.000 $ Bitcoin in one or two years is a dream for everyone that bought it near 200$ weeks ago.

Yeah it is basically this one, because we will keep arguing on how much does 'da moon' is worth all day long without ever getting into a compromise. But seriously though, I haven't seen anyone other than me who thinks that 1 bitcoin = 1 bitcoin is sufficient to be labeled as the moon  Do we really need dollars if we have bitcoin accepted globally in the future?

[Denker]

I define the moon as 1 bitcoin = 1 bitcoin, a time where we don't need to convert bitcoin to fiat as it can already be used in most transactions of everyday life.

Yes this is da real moon.Overall acceptance and 1BTC allowing you  to buy a nice small cute suburban house.

[rebuilder]

The moon has happened already. 0-$1200 in the space of less than five years should be insane enough to satisfy anyone.

Success = 'cashing out' being a totally irrelevant concept.

This. IIRC, during the bubble leading to 1200ish, it was decided in the Wall observer thread that moon had been reached. I've forgotten what price point it was at, but if OP feels a pressing need to know, that info is somewhere in that thread...

[Patel]

Considering the market cap of the internet is roughly 30624.3B, I would say if we reach 1% of that, it's 306B equating to  14.5k per coin @ 21 million coins.


Considering if infrastructure and scalability keep being developed, and the network remains decentralized, I think it's very possible.

[Raimonn]

"Da moon" is a dreaming price that we have, not a real price point. Dreaming is free and 10.000 $ point will be very nice to see, but on the real market 1.000 $ Bitcoin in one or two years is a dream for everyone that bought it near 200$ weeks ago.

Yeah it is basically this one, because we will keep arguing on how much does 'da moon' is worth all day long without ever getting into a compromise. But seriously though, I haven't seen anyone other than me who thinks that 1 bitcoin = 1 bitcoin is sufficient to be labeled as the moon  Do we really need dollars if we have bitcoin accepted globally in the future?

Oh, when whe think that one bitcoin is equal to 1 bitcoin we will hitted "da moon" success. One coin digital or not, is well established we don't need to translate to another one. These will be the success of the coin not hit a maximum.

[jt byte]

The average distance to the Moon is 384403 km, so it would be fairly reasonable, if you set 1 bitcoin to 1 km, that 384,403 USD equals to da moon!

Or if you want miles, it is a bit less: 238,857 USD.

Sounds about right to me, atleast, I wouldn't worry anymore

NorrisK with this kind of speculation you passed our galaxy lol
From now i can say dream just dream, this could bring us lots of profit.
Around half million to cost a bitcoin lol, as i said before 1-2,000 is more than enough.

[chennan]

Considering the market cap of the internet is roughly 30624.3B, I would say if we reach 1% of that, it's 306B equating to  14.5k per coin @ 21 million coins.


Considering if infrastructure and scalability keep being developed, and the network remains decentralized, I think it's very possible.

Well I don't necessarily believe that the network is really "decentralized" today... it once was back during early adoption, but now with the high costs of setting up proper mining hardware/cooling and how much memory it takes on your computer to have the latest "full node" running on your computer; centralization of the network is happening every day. 

[VirosaGITS]

Considering the market cap of the internet is roughly 30624.3B, I would say if we reach 1% of that, it's 306B equating to  14.5k per coin @ 21 million coins.


Considering if infrastructure and scalability keep being developed, and the network remains decentralized, I think it's very possible.

Well I don't necessarily believe that the network is really "decentralized" today... it once was back during early adoption, but now with the high costs of setting up proper mining hardware/cooling and how much memory it takes on your computer to have the latest "full node" running on your computer; centralization of the network is happening every day. 

Especially since a couples of pools have more than half the total network's hashrate. Everyone flock to the biggest pools instead of segmenting the hashrate properly. Bitcoin would be better off if we could split the hashrate into many pools of 5-10PH/s.

[dothebeats]

Well I don't necessarily believe that the network is really "decentralized" today... it once was back during early adoption, but now with the high costs of setting up proper mining hardware/cooling and how much memory it takes on your computer to have the latest "full node" running on your computer; centralization of the network is happening every day. 

In the part of mining, yes, centralization is pretty much happening especially in China where 3 large pools are located. As for full nodes, I don't think so. Nodes are pretty much scattered on the globe unlike miners who are concentrated because oof large mining farms.

[designerusa]

Try to understand the truth. There is no moon.

http://media.coindesk.com/2014/03/BjP4akHCIAIaqcy.jpg

This is so true. When it hits something like "da moon". It would make Bitcoin, world's one of the best currencies, so you can use it anywhere.
You would not even need to buy millions with it because you are gonna understand you already bought the money of future.

[Moon_Man]

10k