OMG! Bitcoins are going to $389,000 each!

[Bit_Happy]

This market is smoking hot, and already had it's corrections recently. Bitcoins are being accepted by major sites, Bitpay is booming, and people are using Bitcoins for drugs, gambling, food and many other things.

Logic and common sense can sometimes be boring.
OMG! Bitcoins are going to $389,000.21 each!

Really they are:
How long will it take?

[Hexadecibel]

The fact that I can use bitcoins to buy pizza is all I ever wanted. Everything else is just a bonus.

[Anon136]

so this is really rough but someone on the internet says there is 800billion dollars in cash circulating in the world. Of course this doesnt include digital money on computers or currencies other than usd or other assets other than money. So it isnt entirely unreasonable to imagine that this much capital could flow into bitcoin before everything is said and done. So if this much capital were to flow into the bitcoin economy and we assume that at the time 3/4 of all bitcoins have been released, btcs would be worth 50,000 dollars each.

How quickly COULD this much value flow into bitcoin, the answer is very quickly. it COULD happen in a matter of a few years.

If you are into lottery tickets, bitcoin has to be the single greatest lottery ticket in the world.

[hmmmstrange]

 $1.16 trillion in circulation as of February 6, 2013. Thats just USD

[Bit_Happy]

Another recent high was made a couple hours ago $28.22.
Still lot's of room on the upside!   

[solex]

$1.16 trillion in circulation as of February 6, 2013. Thats just USD

Just counting cash (M0) the world monetary base is around $10-12 trillion. As 11m bitcoins are issued now that works out at a cool $1,000,000 each.

Because Fractional Reserve Banking will disappear in a bitcoin economy then the requirement for cash equivalents may be 10x to 100x the current level of M0. So BTC *might* theoretically reach $10m to $100m each (even without growth in the world economy until that future date).

The top agenda item for the G8 a few days ago was "Currency Wars". As they are only good a jawboning, then expect the Currency Wars to rage until fiat blows up.

[Elwar]

I am willing to pay 10% interest on a loan toward the future value of one of my $100m bitcoins.

First come first served.

[Milkshake]

GO BITCOIN! GO BITCOIN!

Bitcoin will hit exactly $142,237.23 in the next 2 to 32e+8 hours! BUY BUY BUY! 

[glub0x]

thoose thread ... i don't like them ... 

Because Fractional Reserve Banking will disappear in a bitcoin economy

why so? if you give me your bitcoins, i can easily "fractional reserve" it. So at the end you still have the same amount of bitcoin and i gain half of yours!Just please do not withdraw more than 10% per month. I can even give you intrest!
At the end, pirate did this didn't he?

Plus every severe drop started with a guy dividing the global wealth by the number of bitcoins. Not saying one causes the other, just superstitious.

[Luno]

In an deflatory economy, no one will borrow Bitcoin. You'll owe twice the amount in a month + interests!

Anyone in the lending business gets burned for sure.

[bit-joker]

You're WRONG! Bitcoins are going to a trillion dollars each in the next couple of years! I just made an speculation investment by buying a few bitcoins and soon I'm gonna buy the Manhattan Island in NY and change it to my name!

[/sarcasm]

[flipperfish]

OMG! The existence of this thread suggests a big drop today!

[flaab]

OMG! The existence of this thread suggests a big drop today!

Indeed.

[Luno]

People here, including myself, with more posts than Bitcoins should be banned. That would secure quality in speculation threads.

[flaab]

People here, including myself, with more posts than Bitcoins should be banned. That would secure quality in speculation threads.

It would be better to make posting a payed service. Only replying could be free ;-)

[Anon136]

$1.16 trillion in circulation as of February 6, 2013. Thats just USD

Just counting cash (M0) the world monetary base is around $10-12 trillion. As 11m bitcoins are issued now that works out at a cool $1,000,000 each.

Because Fractional Reserve Banking will disappear in a bitcoin economy then the requirement for cash equivalents may be 10x to 100x the current level of M0. So BTC *might* theoretically reach $10m to $100m each (even without growth in the world economy until that future date).

The top agenda item for the G8 a few days ago was "Currency Wars". As they are only good a jawboning, then expect the Currency Wars to rage until fiat blows up.

this is pushing it. It is likely that in the future bitcoin will have strong competition from other anarcho-currencies i.e. a lot of that capital will flow into gold and silver for example.

[bit-joker]

People here, including myself, with more posts than Bitcoins should be banned. That would secure quality in speculation threads.

Thank god some common sense! Mods should put a rating system so when a guy with negative votes shouldn't be able to post for a week or even a month depending on how stupid he is!

[xxjs]

People here, including myself, with more posts than Bitcoins should be banned. That would secure quality in speculation threads.

When du you think you will reach bitcoin to post parity?

[dacoinminster]

I haven't posted this in awhile, so I'll just leave this here:



(From my Using Memes to Explain Bitcoin)

Bitcoins are a couple pixels larger now than when I first published this, but you get the idea.

[wtfvanity]

I'm not selling my bitcoins for a penny less than $390,000!