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Author Topic: The real winners will be those who amass mountins of "worthless" coins  (Read 979 times)
strunberg
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April 10, 2013, 12:07:57 AM
 #1

At the current rate bit coin will reach 1000 dollars per coin,by the end of the year.
Most likely it will crash before then, but it  will certainly bounce back due to folks wanting to buy cheap bit coins.

The Euro is on it's last legs.
If the EURO goes, we could certainly see  bit coins worth  over 10,000 dollars each.

I strongly  believe that the real winners will be those who amass mountains of alternate  "worthless coins",right NOW.
The coins I'm talking about is Dev coins and BBQ coins.

10 million dev coins cost about 20 bit coins each right now.

Yet if dev coin goes for TRC's price in a few years from now....




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Zendata
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April 10, 2013, 01:32:03 AM
 #2

To me that seems to be risk too big to scale imo. I mean, your talking 2 different markets and value.
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April 10, 2013, 01:32:56 AM
 #3

End of the year?

At this rate it will be $1000 within 4 weeks, the rate is defined by how much it has been going up for a set amount of time. I'm not sure how you saw the last 2 months but its increasing far faster than $1000 at the end of the year.

At this rate it will have to start slowing down in a couple of months or we will have Bitcoins worth tens of thousands at the end of the year.
strunberg
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April 10, 2013, 01:59:00 AM
 #4

End of the year?

At this rate it will be $1000 within 4 weeks, the rate is defined by how much it has been going up for a set amount of time. I'm not sure how you saw the last 2 months but its increasing far faster than $1000 at the end of the year.

At this rate it will have to start slowing down in a couple of months or we will have Bitcoins worth tens of thousands at the end of the year.


I'm trying to be reasonable. 1000 dollars at the end of the year seems reasonable...right?
If it were to reach 1000 dollars each, the media would most likely kick it to the moon.




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April 10, 2013, 02:03:22 AM
 #5

To me, Devcoins are basically the original premined altcoin, except they claim premining as a feature. I don't get the appeal.

Now, BBQCoins, or Testnet BTC, or something similar? Those I could understand.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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April 10, 2013, 02:07:00 AM
 #6

End of the year?

At this rate it will be $1000 within 4 weeks, the rate is defined by how much it has been going up for a set amount of time. I'm not sure how you saw the last 2 months but its increasing far faster than $1000 at the end of the year.

At this rate it will have to start slowing down in a couple of months or we will have Bitcoins worth tens of thousands at the end of the year.


I'm trying to be reasonable. 1000 dollars at the end of the year seems reasonable...right?
If it were to reach 1000 dollars each, the media would most likely kick it to the moon.



You are right about that! Nothing would make be happier than a steady rise to $1000 by years end. That would be good growth for Bitcoin. Still far better than any other investment.

However its more likely we hit $1000 in a month or two max, the price rise at the moment is nothing short of insane.

If Bitcoin was growing at 4 times value yearly, whilst this would make Bitcoin the greatest investment in the world it would be sustainable. 4 times yearly until the Bitcoin economy is worth a trillion or more.

At the current rate we hit a million per Bitcoin in 6 months I think, so we either have to have a crash or the rate must start to slow (which could cause a crash because a lot of people are in this for a double up each week, if the rate is slowing down a lot of people will pull out)

Of course there is a small small small chance we hit a million a coin, in which case I sell half my Bitcoins and buy land in Australia. Smiley
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April 10, 2013, 02:16:02 AM
 #7

I'm not sure about BBQ and DEV,

I think PPC has some of most potential of all the ALTs, its attempts to solve some fundamental issues in the BTC POW system.

DEV is some socialist coin right? The founders are entitled to 90% of miner reward? And BBQ was 51% attacked so it would need a restart.

I think people will make better ALTs and those are the ones to watch out for. For example I am always thinking what would make for a better ALT, would could I perhaps bring to the table to make superior ALT that could replace BTC. So far I have nothing but some people right now are trying to make a better crypto coin, I always watch the ALT section just in case.
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April 10, 2013, 02:23:49 AM
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BBQ coin = $1 by end of the year
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April 10, 2013, 03:39:40 AM
 #9

To me, Devcoins are basically the original premined altcoin, except they claim premining as a feature. I don't get the appeal.

Now, BBQCoins, or Testnet BTC, or something similar? Those I could understand.

Are Devcoins charity? How exactly can an investor make a profit buying Devcoins trading in BTC? Why trade in a valuable coin for a worthless coin?

If we could buy Devcoins with dollars it would be different entirely.
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