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ATguy
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January 06, 2016, 10:51:37 AM |
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The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin.
I'm not sure what you mean by "the US treasury is about $20 trillion", but the St. Louis Adjusted Monetary Base is about $4 trillion, so $4 trillion divided by 20 million bitcoins is $200,000 per bitcoin. The value of a bitcoin will exceed $200,000 only if all the dollars are replaced by bitcoins (assuming FRB at current levels). Bitcoin market cap is very misused term. The reality is if you use 100 million USD and buy Bitcoins, you might longterm increase the Bitcoin market cap by Billion of USD. This means you can have stable market value $200,000 per Bitcoin without the need to use $4 trillion USD to buy Bitcoins... |
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Whoever mines the block which ends up containing your transaction will get its fee.
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Funny
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January 06, 2016, 11:02:45 AM |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. |
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ATguy
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January 06, 2016, 03:45:14 PM |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. Thats pretty weak argument, I corrected to see why: Bitcoin won't be a global currency. There are only 2100 trillion Satoshis, and nearly 7.5 billion people. One person would have around 300 000 Satoshis each. I currently hold 400 million Satoshis, which is alot more. And think of all the Satoshis in the early adopters wallets, hundred billions. And also think of the hundred billions of lost Satoshis. Bitcoin will not become a global currency. |
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Ch3wbacca
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January 06, 2016, 04:20:52 PM |
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Bitcoin even though it is an extremely good payment processor, i doubt will ever reach those heights.
Gold will always remain the true form of money. However in times of quick panics in the economy and a need to transfer money instantly, Bitcoin will be considered, hence why its sudden jolts in price. Bitcoin at best will serve as internet money, while banks will use 'the blockchain' to serve their purpose and create their own digital which will be mainstream instead.
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PM me if you wish for me to advertise you
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angaper
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January 06, 2016, 10:49:06 PM |
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Such optimistic scenario lacks of logical arguments to justify the future hegemony of Bitcoin as the only valuable option to carry out all the economic transactions of the world. I also would like to be optimistic but our human race is still so far of reaching agreements of that magnitude and we will preserve our atavistic usages for ever.
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Blue_Panda73
Full Member
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Activity: 126
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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January 07, 2016, 09:25:47 AM |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. When bitcoin is used as a currency and can be used to pay tax, then the bitcoin wealth will be redistributed. Those with lots of bitcoin can spend it or invest it. |
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martinacar
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January 07, 2016, 09:30:38 AM |
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11 Million worth for 1 bitcoin is just to much I don't think that ever will happen as max I think it can go to 10.000 dollar.
I don't spec that high but still the price now I am happy with it.
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MaritiJames3
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January 07, 2016, 09:44:12 AM |
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This will take years for bitcoin to get there.
I don't think this bitcoin generation will be alive to see this happen.
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Bitcoinbro
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January 07, 2016, 09:53:31 AM |
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I think this will really just depends on how much of a demand there is for bitcoin.
More demand means more supply is needed, in this case, supply of bitcoin is very limitited.
Therefore, bitcoin price will go up.
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Blue_Panda73
Full Member
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Activity: 126
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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January 08, 2016, 09:23:59 AM |
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This will take years for bitcoin to get there.
I don't think this bitcoin generation will be alive to see this happen.
I do not agree with you. If the bitcoin price rises 30% a year, in 30 years, it will rise to $11 million dollars. I am still young to see the price. |
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martinacar
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January 08, 2016, 09:27:40 AM |
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This will take years for bitcoin to get there.
I don't think this bitcoin generation will be alive to see this happen.
I do not agree with you. If the bitcoin price rises 30% a year, in 30 years, it will rise to $11 million dollars. I am still young to see the price. So do you think that in 30 years people will be a millionaire that is a lot of people what we are talking about. I don't really see a 11 million dollars for just 1 bitcoin is just to much to handle. Maybe I can be wrong and that can happen, but we need to see the reality for the price of bitcoin. |
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lottery248
Legendary
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Activity: 1568
Merit: 1005
beware of your keys.
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January 08, 2016, 12:49:46 PM |
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if the bitcoin block halves, demand remains the same, then the price of bitcoin doubles every 4 years, probably the price of bitcoin could reach at least 10 million (normally) within 60 years. if the demand doubles, then the price quadruples.  i am not sure if it would happen. |
out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded
i am not really active for some reason
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MaritiJames3
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January 08, 2016, 02:56:42 PM |
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11 Million worth for 1 bitcoin is just to much I don't think that ever will happen as max I think it can go to 10.000 dollar.
I don't spec that high but still the price now I am happy with it.
I think it's possible for bitcoin to reach this but not in this lifetime. Our generation of bitcoin users won't live this long to see this happen. For this to happen a lot of demand would need to come from the bitcoin community since supply is very limited. |
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martinacar
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January 08, 2016, 02:59:43 PM |
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11 Million worth for 1 bitcoin is just to much I don't think that ever will happen as max I think it can go to 10.000 dollar.
I don't spec that high but still the price now I am happy with it.
I think it's possible for bitcoin to reach this but not in this lifetime. Our generation of bitcoin users won't live this long to see this happen. For this to happen a lot of demand would need to come from the bitcoin community since supply is very limited. Yeah it will be possible. But I see that it won't happen I think. 11 million is just to much and there is a lot of people having 1 bitcoin. We will see if ever this happen. |
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Bitcoinbro
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January 08, 2016, 03:15:08 PM |
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11 Million worth for 1 bitcoin is just to much I don't think that ever will happen as max I think it can go to 10.000 dollar.
I don't spec that high but still the price now I am happy with it.
I think it's possible for bitcoin to reach this but not in this lifetime. Our generation of bitcoin users won't live this long to see this happen. For this to happen a lot of demand would need to come from the bitcoin community since supply is very limited. Yeah it will be possible. But I see that it won't happen I think. 11 million is just to much and there is a lot of people having 1 bitcoin. We will see if ever this happen. We won't be able to see this day come. The whole world would need to adapt to bitcoin for 1 btc to be worth 11 million |
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bitsmichel
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January 08, 2016, 03:35:42 PM |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. The 21 million cap could be altered with a protocol upgrade if there is consensus. There are more than "21 million coins", if you consider satoshi or bits coins. Lets say one satoshi is one coin: 2.100.000.000.000.000 coins |
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the_poet
Legendary
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Activity: 1137
Merit: 1035
Bitcoin accepted here
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January 08, 2016, 03:51:07 PM |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. The 21 million cap could be altered with a protocol upgrade if there is consensus. There are more than "21 million coins", if you consider satoshi or bits coins. Lets say one satoshi is one coin: 2.100.000.000.000.000 coins No need to alter anything. If there's demand, price simply adjusts accordingly. |
Under construction.
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coinplus
Legendary
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Activity: 1386
Merit: 1058
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January 08, 2016, 08:38:32 PM |
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11 Million worth for 1 bitcoin is just to much I don't think that ever will happen as max I think it can go to 10.000 dollar.
I don't spec that high but still the price now I am happy with it.
I think it's possible for bitcoin to reach this but not in this lifetime. Our generation of bitcoin users won't live this long to see this happen. For this to happen a lot of demand would need to come from the bitcoin community since supply is very limited. Yeah it will be possible. But I see that it won't happen I think. 11 million is just to much and there is a lot of people having 1 bitcoin. We will see if ever this happen. We won't be able to see this day come. The whole world would need to adapt to bitcoin for 1 btc to be worth 11 million I think even if the whole world adopt bitcoin, the price will not increase much. The basic thing that cause changes in price is the need for the bitcoins among different communities and people round the globe. |
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Blue_Panda73
Full Member
Offline
Activity: 126
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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January 09, 2016, 09:06:06 AM |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. The 21 million cap could be altered with a protocol upgrade if there is consensus. There are more than "21 million coins", if you consider satoshi or bits coins. Lets say one satoshi is one coin: 2.100.000.000.000.000 coins No need to alter anything. If there's demand, price simply adjusts accordingly. We can add a few more digits in the next century if bitcoin is still a popular currency used by most people. |
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Cs87kxy
Full Member
Offline
Activity: 185
Merit: 100
https://BoostCrypto.com - Earn 250% in 200 Hours
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January 09, 2016, 09:10:33 AM |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. The 21 million cap could be altered with a protocol upgrade if there is consensus. There are more than "21 million coins", if you consider satoshi or bits coins. Lets say one satoshi is one coin: 2.100.000.000.000.000 coins No need to alter anything. If there's demand, price simply adjusts accordingly. We can add a few more digits in the next century if bitcoin is still a popular currency used by most people. or other blockchain / coins could become a "partner" during trade... For example, Company/Nation A create their coin but the value is backed by btc! I dream A world like this one, stop fiat, only crypto!  |
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