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Author Topic: Can bitcoin go to 400?  (Read 1816 times)
Neyo
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June 09, 2011, 01:22:46 PM
 #1

That's the price I need to sell at to have "FU money". Theoretically it's just a 13fold increase from here, which sounds highly probable based on past performance. However, I wonder what will happen once it goes over 100. Will the mainstream media start to write about it massively and cause a spike to 500-1000? Or will people consider it to crazy to pay 100 dollars for some unproven virtual currency and price appreciation will stop?
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riX
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June 09, 2011, 01:24:53 PM
 #2

I sure hope so.. at 500 I'll quit my day job (probably before though).

justusranvier
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June 09, 2011, 03:18:50 PM
 #3

It can go as high as $10 million, if suddenly tomorrow morning all worldwide commerce was denominated in Bitcoins.

The (non-speculative) value of a currency is the total value of the products and services that can be purchased with it divided by the number of currency units. If you want to know how much it will be worth at some point in the future make the best estimate you can about how large the Bitcoin-denominated economy will be at that point and divide by the number of Bitcoins that will exist.
Fiyasko
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June 09, 2011, 03:43:48 PM
 #4

That's the price I need to sell at to have "FU money". Theoretically it's just a 13fold increase from here, which sounds highly probable based on past performance. However, I wonder what will happen once it goes over 100. Will the mainstream media start to write about it massively and cause a spike to 500-1000? Or will people consider it to crazy to pay 100 dollars for some unproven virtual currency and price appreciation will stop?

Your question is the whole reason for the Eight divisible digits of bitcoins, When you send One bitcoins, Your actually sending One Million Coins. But they've been compacted into 1 to make it easier on the eyes, When bitcoins reach 100, I expect that thier decimal zone will change again, érgo, 100=10, But 10 has the value of 100,

So my vote is on Yes

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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