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Question: When will Bitcoin reach dollar parity?  (when will 1 USD = 1 BTC)  (Voting closed: January 15, 2011, 10:17:16 AM)
Before March 30, 2011 - 6 (9.1%)
Before July 31, 2011 - 13 (19.7%)
Before December 31, 2011 - 27 (40.9%)
After January 1, 2012 - 18 (27.3%)
Never - 2 (3%)
Total Voters: 65

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Author Topic: Bitcoin parity.  (Read 9135 times)
nofuture
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December 21, 2010, 10:17:16 AM
 #1

When will Bitcoin reach dollar parity?  (when will 1 USD = 1 BTC)
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davout
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December 21, 2010, 10:35:39 AM
 #2

Let's make it happen :
1. I sell you my bitcoins
2. you buy them for 1$ each
3. Huh
4. profit and parity !!

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December 21, 2010, 11:43:07 AM
 #3

Assuming that the economy is growing at around 70% p.a.  I guess in 3 years time.

One off NP-Hard.
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December 21, 2010, 11:49:24 AM
 #4

I answered 2012 because I think it might be december 25th the supposed last day of the aztec calender.
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December 21, 2010, 11:51:44 AM
 #5

It also depends on how quickly the USD looses value  Grin  Wink

One off NP-Hard.
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December 21, 2010, 03:30:23 PM
 #6

This may be even faster than many expect here.

I predict this happens by Jan 31, 2011.

>15years analysis experience

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December 21, 2010, 04:28:07 PM
 #7


A bitcoin party !?

Where ?  When ?

Smiley
nofuture
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December 21, 2010, 09:57:44 PM
 #8

This may be even faster than many expect here.

I predict this happens by Jan 31, 2011.



How do you see that happening so fast?
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December 21, 2010, 10:05:56 PM
 #9

This may be even faster than many expect here.

I predict this happens by Jan 31, 2011.



How do you see that happening so fast?

All the hackers tell their banker/trader brother in laws about bitcoin over christmas.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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December 22, 2010, 12:23:50 AM
 #10

Rather than just saying text at each other, does anyone want to open a futures market?

1HrzkN85orRjMcg4S8XhbEWn4VWgvXVLCY, because all the cool kids are doing it.
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December 22, 2010, 12:25:33 AM
 #11

You can bet on the Jan 31 MtGox price at https://bitcoinsportsbook.com/.

Looking forward to quantum computing so we can have qubitcoins.
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December 22, 2010, 07:37:04 PM
 #12

This may be even faster than many expect here.

I predict this happens by Jan 31, 2011.



How do you see that happening so fast?

All the hackers tell their banker/trader brother in laws about bitcoin over christmas.

+1

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

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nofuture
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January 08, 2011, 06:05:17 PM
 #13

Moving closer.    1 usd = 3 btc
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January 08, 2011, 07:34:03 PM
 #14

I still believe it is going to be around mid-2011 unless we get the Bitcoin Shortmovie and get to the mainstream media. Tongue

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January 10, 2011, 05:54:35 AM
 #15

Depend upon the economy growth and how the USD looses!!!

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Vinnie
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January 10, 2011, 06:43:40 AM
 #16

Parity.... The potential for bitcoin is huge. To be honest, there have been other digital currencies that have made waves, but have never had wide spread adoption. In my opinion, for parity to occur with staying power, bitcoin must be a common medium of exchange. I need to be able to buy breakfast with it anywhere I go. I need to be able to buy a pint of beer with it, dammit! I don't see this happening anytime soon. Right now I see people speculating on its potential future as a commonly used medium exchange, but we don't know if that will ever happen.

Bruce Wagner's retail initiative is a beginning. I could see parity occurring if we are successful here. I see going beyond parity when a major retailer picks up BTC. At that point, I think BTC will become a reserve currency, with multiple other currencies pegged to and backed by BTC in circulation in both digital and physical form. When that occurs maybe we'll see a more stable price for 1 BTC.

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Vinnie
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January 10, 2011, 06:46:02 AM
 #17

Depend upon the economy growth and how the USD looses!!!

Actually it probably depends on the value of the dollar just as much as the other BS I posted Smiley

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January 10, 2011, 08:27:29 AM
 #18

In my opinion, for parity to occur with staying power, bitcoin must be a common medium of exchange. I need to be able to buy breakfast with it anywhere I go. I need to be able to buy a pint of beer with it, dammit!

Dollar parity can come much before that. The internet economy alone is much, much bigger than current bitcoin's 1,5M$. There's much room for valuation before every bar or grocery store accepts it.

I agree with those who think parity will come this year.

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Vinnie
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January 11, 2011, 05:37:21 AM
 #19


Dollar parity can come much before that. The internet economy alone is much, much bigger than current bitcoin's 1,5M$. There's much room for valuation before every bar or grocery store accepts it.

I agree with those who think parity will come this year.

This is an uphill battle, too. The fundamentals of bitcoin are that its value lies in its widespread adoption as a medium of exchange. It beats credit cards and paypal hands down as far as cost of transaction. But its value as a medium of exchange also depends on its widespread adoption and use. Its facing a heavily entrenched adversary that already has that, which is more than half the battle. In my opinion, it needs solid development (already happening) plus a lot of luck. Sometimes the better product doesn't always beat out an inferior one that is established and entrenched. Sometimes the new product has to go through a few failed generations before it finally wins out.

Maybe parity will occur sooner, simply because the target I'm looking at (a stable price after widespread acceptance) is actually when 1 BTC is valued at $10 USD.

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gene
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January 11, 2011, 07:03:14 PM
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Dollar parity can come much before that. The internet economy alone is much, much bigger than current bitcoin's 1,5M$. There's much room for valuation before every bar or grocery store accepts it.

I agree with those who think parity will come this year.

This is an uphill battle, too. The fundamentals of bitcoin are that its value lies in its widespread adoption as a medium of exchange. It beats credit cards and paypal hands down as far as cost of transaction. But its value as a medium of exchange also depends on its widespread adoption and use. Its facing a heavily entrenched adversary that already has that, which is more than half the battle. In my opinion, it needs solid development (already happening) plus a lot of luck. Sometimes the better product doesn't always beat out an inferior one that is established and entrenched. Sometimes the new product has to go through a few failed generations before it finally wins out.

Maybe parity will occur sooner, simply because the target I'm looking at (a stable price after widespread acceptance) is actually when 1 BTC is valued at $10 USD.

I think this is correct. If bitcoin is adopted in any meaningful sense, a unit BTC would have a value of a few orders of magnitude greater than a unit of any of the current major fiats.

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