crazyivan
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DMD Diamond Making Money 4+ years! Join us!
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October 29, 2015, 04:25:26 PM |
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Based on what? Is there any factual explanation behind this claim or is this just another wild guess? If it s just a guess, why $5k, guess $50k, dream big.  ) |
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"You Asked For Change, We Gave You Coins" -- casascius
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ANdr0id
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October 29, 2015, 04:52:14 PM |
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The bot may be partially responsible, but peoples greediness and unwillingness to part at 2x profit was the major reason for it actually going as high as it did.
Well let's be honest, if I wanted to make a 2x profit i'd go back to selling junk on ebay. I'm here for the 100x-200x potential profit in the long-run. People can call it greed, I just call it investing. I wouldn't call it greed at all. Just smart investing. Who in their right minds wouldn't grab a chance to make 100-200x profit, you would be silly not to. Days of selling on ebay and making anything is far off in the past because of high delivery costs and all those extra seller fees. Not one of those issues when putting into a cryptocurrency. |
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rocks
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October 29, 2015, 05:10:33 PM |
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With an available supply of 14,771,150 BTC it takes $4,351,964,840 to yield a price of $ 294.63. To move the price to $8k where are all of these extra billions coming from. Tens of extra billions. You know something we don't?
Bitcoin is over-pumped as it is.
FAIL MATH IS FAIL, You have no idea what the actual available supply is. 14,771,150 BTC is the number of btc in the world, the amount actually for sale is unknown. If 14,771,000 btc is being held by people that refuse to sell below $5k the available supply is 150. Bingo, the available supply available to purchase is much smaller than 14M coins. After the 2013 run, we have sat for 2 years around the $200-$400 range. Everyone that bought early coins who was going to sell some has sold already. The only remaining supply of coins is: 1) Mining rewards which produce about $1M in coins per day at $300/BTC 2) Traders "selling high" at $300 waiting to buy back lower. The thing about these exponential runs is at some point all of the traders have sold their stashes and have no remaining supply to provide the market. This is what happened in early 2013 as we went through $20, everyone trading was caught watching the price launch with no coins left. Only option was to buy back higher at a massive loss or watch. |
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AdopterOfCoin
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Activity: 37
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October 29, 2015, 05:40:10 PM |
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The bot may be partially responsible, but peoples greediness and unwillingness to part at 2x profit was the major reason for it actually going as high as it did.
Well let's be honest, if I wanted to make a 2x profit i'd go back to selling junk on ebay. I'm here for the 100x-200x potential profit in the long-run. People can call it greed, I just call it investing. 100x would be $30,000. That should be achievable when 1% of US treasury money come into back bitcoin and bitcoin is used for paying salary. |
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zimmah
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Activity: 1106
Merit: 1005
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October 29, 2015, 07:09:47 PM |
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The bot may be partially responsible, but peoples greediness and unwillingness to part at 2x profit was the major reason for it actually going as high as it did.
Well let's be honest, if I wanted to make a 2x profit i'd go back to selling junk on ebay. I'm here for the 100x-200x potential profit in the long-run. People can call it greed, I just call it investing. exactly 2x or even 10x is not going to drastically change my live. 100x might have a bit of an impact, but even than I'd probably hold most of it (at least what I don't need). Bitcoin is likely to go up forever, because it's deflationary in nature. This is only going to get better with each halving. |
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SmoothCurves
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October 29, 2015, 07:13:03 PM |
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The bot may be partially responsible, but peoples greediness and unwillingness to part at 2x profit was the major reason for it actually going as high as it did.
Well let's be honest, if I wanted to make a 2x profit i'd go back to selling junk on ebay. I'm here for the 100x-200x potential profit in the long-run. People can call it greed, I just call it investing. exactly 2x or even 10x is not going to drastically change my live. 100x might have a bit of an impact, but even than I'd probably hold most of it (at least what I don't need). Bitcoin is likely to go up forever, because it's deflationary in nature. This is only going to get better with each halving. x100 wont change your life? How much did you invest in Bitcoin? $10? |
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Nimbulan
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October 29, 2015, 07:13:58 PM |
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yeah it is but we will need to wait for a couple of more years in order to reach this goal lets hope you are right
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sana9821
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October 29, 2015, 08:59:20 PM |
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yes it will hit this huge amount of money worth though i dont know how much time is left to reach it maybe a year or few
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zimmah
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Activity: 1106
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October 29, 2015, 09:40:27 PM |
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The bot may be partially responsible, but peoples greediness and unwillingness to part at 2x profit was the major reason for it actually going as high as it did.
Well let's be honest, if I wanted to make a 2x profit i'd go back to selling junk on ebay. I'm here for the 100x-200x potential profit in the long-run. People can call it greed, I just call it investing. exactly 2x or even 10x is not going to drastically change my live. 100x might have a bit of an impact, but even than I'd probably hold most of it (at least what I don't need). Bitcoin is likely to go up forever, because it's deflationary in nature. This is only going to get better with each halving. x100 wont change your life? How much did you invest in Bitcoin? $10? can you read? I invested much more than $10, but i can't afford thousands and thousands of dollars, i'm just a student after all. But even $100.000 isn't a life-changing amount, sure, it's nice to have, but it's not like you can stop working after having $100.000 And wasting it on a car/house/holiday is stupid. I might invest it to start a company or something, and in that way it might be lifechanging, but even than investing all of it would be risky. So i'd probably only risk a small portion of it. |
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traderbit
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October 29, 2015, 09:52:21 PM |
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Maybe after 2 halving periods this price can be reached.
For the moment this is simple impossible, because it is just too high the speculation.
There aren't much coin left in the market and less to be mined, if a country implements then the price will reach even 10k
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AdopterOfCoin
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October 30, 2015, 08:59:18 AM |
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But even $100.000 isn't a life-changing amount, sure, it's nice to have, but it's not like you can stop working after having $100.000 And wasting it on a car/house/holiday is stupid.
I might invest it to start a company or something, and in that way it might be lifechanging, but even than investing all of it would be risky. So i'd probably only risk a small portion of it.
$1M might change my life a bit. I will use half of that to improve my quality and invest the rest. Maybe 25% in bitcoin, and 25% in stocks and shares. |
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BTCfarm (OP)
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October 30, 2015, 06:56:19 PM |
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But even $100.000 isn't a life-changing amount, sure, it's nice to have, but it's not like you can stop working after having $100.000 And wasting it on a car/house/holiday is stupid.
I might invest it to start a company or something, and in that way it might be lifechanging, but even than investing all of it would be risky. So i'd probably only risk a small portion of it.
$1M might change my life a bit. I will use half of that to improve my quality and invest the rest. Maybe 25% in bitcoin, and 25% in stocks and shares. $1M ? Are you serious |
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lavapits
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October 30, 2015, 07:00:40 PM |
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you are right it will reach such price we just need to wait
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jaredboice
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October 30, 2015, 07:19:16 PM |
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But even $100.000 isn't a life-changing amount, sure, it's nice to have, but it's not like you can stop working after having $100.000 And wasting it on a car/house/holiday is stupid.
I might invest it to start a company or something, and in that way it might be lifechanging, but even than investing all of it would be risky. So i'd probably only risk a small portion of it.
$1M might change my life a bit. I will use half of that to improve my quality and invest the rest. Maybe 25% in bitcoin, and 25% in stocks and shares. $1M ? Are you serious he has 0.35 BTC LOL |
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electronicfactura
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October 30, 2015, 07:21:17 PM |
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Bitcoin will be at $ 5k but not before halving to happen but till then there will be a steady increase in price and at about 500 $ is fair for me.I also will like to see your prediction to come true.
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bitstealth
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October 30, 2015, 07:23:41 PM |
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Bitcoin will be at $ 5k but not before halving to happen but till then there will be a steady increase in price and at about 500 $ is fair for me.I also will like to see your prediction to come true.
I think $5000 is more possible and will get this price range in first quarter of next year so that i am also waiting to get this range. |
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jonald_fyookball
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Core dev leaves me neg feedback #abuse #political
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October 30, 2015, 07:26:58 PM |
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But even $100.000 isn't a life-changing amount, sure, it's nice to have, but it's not like you can stop working after having $100.000 And wasting it on a car/house/holiday is stupid.
I might invest it to start a company or something, and in that way it might be lifechanging, but even than investing all of it would be risky. So i'd probably only risk a small portion of it.
$1M might change my life a bit. I will use half of that to improve my quality and invest the rest. Maybe 25% in bitcoin, and 25% in stocks and shares. $1M ? Are you serious Guess It depends on where you live but for the USA, 1M can be A life changing amount, and 100k generally isn't although its still a nIce chunk of change. |
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cohnhead
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October 31, 2015, 02:12:49 AM |
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I wasn't able to track down the article but I think its kind of recent...maybe in Business Week. Talks about a company that is charging around 1.3% for world wide remittances when the world bank estimates that average fees from banks and couriers are around 8%. Also world bank estimates world wide remittance amount to about 583 billion per year. Didn't mention bitcoin.
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chesthing
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October 31, 2015, 02:20:08 AM |
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I wasn't able to track down the article but I think its kind of recent...maybe in Business Week. Talks about a company that is charging around 1.3% for world wide remittances when the world bank estimates that average fees from banks and couriers are around 8%. Also world bank estimates world wide remittance amount to about 583 billion per year. Didn't mention bitcoin.
What a helpful post, thanks for that.  |
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AdopterOfCoin
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October 31, 2015, 07:44:10 AM |
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I wasn't able to track down the article but I think its kind of recent...maybe in Business Week. Talks about a company that is charging around 1.3% for world wide remittances when the world bank estimates that average fees from banks and couriers are around 8%. Also world bank estimates world wide remittance amount to about 583 billion per year. Didn't mention bitcoin.
If 10% of the $583 billion is represented in bitcoin, that is about $3,800 per bitcoin. Bitcoin can also be use in online purchase. |
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