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hulk
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October 16, 2013, 01:30:18 PM |
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Yes, tomorrow if Obama says the word "Bitcoin".
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wachtwoord
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Activity: 2338
Merit: 1136
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October 16, 2013, 01:41:04 PM |
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Yes, tomorrow if Obama says the word "Bitcoin".
Yes! We! Bitcoin! |
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imamanandyou
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October 16, 2013, 01:47:18 PM |
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Bitcoin might be well known but you still cannot buy common goods and services with it and I doubt that it would be sometimes possible. Find your product or service to spend BTC here: https://en.bitcoin.it/wiki/Trade |
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fleabag
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Activity: 98
Merit: 10
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October 16, 2013, 09:32:53 PM |
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NO it will never ever ever even reach $500.
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umaOuma
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October 16, 2013, 09:52:04 PM |
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NO it will never ever ever even reach $500.
This never ever ever even is closer than you think, maybe next year if bigger services continue to accept Bitcoin |
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600watt
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Activity: 2338
Merit: 2106
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October 16, 2013, 10:30:14 PM |
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NO it will never ever ever even reach $500.
exact same thing was said about btc never reaching 10 cents, 50 cents, 1 dollar, 5 dollar, 10 dollar, and 100 dollar. where are we? what ? 150 ?! all "never ever" sayers were wrong. why would you think you qualify for the first one who isn´t completly, totally, provably, admittingly, utterly, clearly & dead wrong about the rise of bitcoin ? |
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over1977v
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Activity: 116
Merit: 10
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October 16, 2013, 10:47:05 PM |
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NO it will never ever ever even reach $500.
exact same thing was said about btc never reaching 10 cents, 50 cents, 1 dollar, 5 dollar, 10 dollar, and 100 dollar. where are we? what ? 150 ?! all "never ever" sayers were wrong. why would you think you qualify for the first one who isn´t completly, totally, provably, admittingly, utterly, clearly & dead wrong about the rise of bitcoin ? I like your signature, it shows how realistic is 1000 next year or few years later btc vs $: 2009: + 4867 %, 2010: + 43554.9 %, 2011: + 1320 %, 2012: + 170 %, 2013: + 1000 % ?, 2014: + ?? |
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Cranky4u
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October 16, 2013, 11:04:17 PM |
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NO it will never ever ever even reach $500.
exact same thing was said about btc never reaching 10 cents, 50 cents, 1 dollar, 5 dollar, 10 dollar, and 100 dollar. where are we? what ? 150 ?! all "never ever" sayers were wrong. why would you think you qualify for the first one who isn´t completly, totally, provably, admittingly, utterly, clearly & dead wrong about the rise of bitcoin ? I like your signature, it shows how realistic is 1000 next year or few years later btc vs $: 2009: + 4867 %, 2010: + 43554.9 %, 2011: + 1320 %, 2012: + 170 %, 2013: + 1000 % ?, 2014: + ?? +1 |
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ladyfox
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October 16, 2013, 11:05:33 PM |
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every one hopes that it will went up , in the end who hold 1 bitcoin will be the rich : )
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fleabag
Member
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Activity: 98
Merit: 10
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October 16, 2013, 11:13:22 PM |
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NO it will never ever ever even reach $500.
exact same thing was said about btc never reaching 10 cents, 50 cents, 1 dollar, 5 dollar, 10 dollar, and 100 dollar. where are we? what ? 150 ?! all "never ever" sayers were wrong. why would you think you qualify for the first one who isn´t completly, totally, provably, admittingly, utterly, clearly & dead wrong about the rise of bitcoin ? Because it would be there already. The information is fully disseminated about bitcoin. And the people that dont know about it dont give a rats ass. PERIOD! |
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fleabag
Member
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Activity: 98
Merit: 10
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October 16, 2013, 11:17:04 PM |
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NO it will never ever ever even reach $500.
exact same thing was said about btc never reaching 10 cents, 50 cents, 1 dollar, 5 dollar, 10 dollar, and 100 dollar. where are we? what ? 150 ?! all "never ever" sayers were wrong. why would you think you qualify for the first one who isn´t completly, totally, provably, admittingly, utterly, clearly & dead wrong about the rise of bitcoin ? I like your signature, it shows how realistic is 1000 next year or few years later btc vs $: 2009: + 4867 %, 2010: + 43554.9 %, 2011: + 1320 %, 2012: + 170 %, 2013: + 1000 % ?, 2014: + ?? +1 2014 -1000% |
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fleabag
Member
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Activity: 98
Merit: 10
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October 16, 2013, 11:18:32 PM |
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every one hopes that it will went up , in the end who hold 1 bitcoin will be the rich : )
so all I have to do is buy 1 bitcoin today and I will be a millionaire? Shit I'll buy two. Thanks foxylady |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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October 16, 2013, 11:30:22 PM |
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NO it will never ever ever even reach $500.
exact same thing was said about btc never reaching 10 cents, 50 cents, 1 dollar, 5 dollar, 10 dollar, and 100 dollar. where are we? what ? 150 ?! all "never ever" sayers were wrong. why would you think you qualify for the first one who isn´t completly, totally, provably, admittingly, utterly, clearly & dead wrong about the rise of bitcoin ? Because it would be there already. The information is fully disseminated about bitcoin. And the people that dont know about it dont give a rats ass. PERIOD! it´s a technology. new technologies have adaption rates. the information about the real brilliance of the bitcoin-protocol has not reached billions yet. by adoption i mean using a technology, not just hearing msm fud about it. saying it will not rise since it hasn´t risen enough is illogic. it has risen some 40 k % so far... |
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Erdogan
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Activity: 1512
Merit: 1005
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October 16, 2013, 11:32:36 PM |
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NO it will never ever ever even reach $500.
It has to. Look: Every time someone saves money, they are effectively taken out of the money supply, and the remaining money increases in value (until the money is reintroduced later). If everybody save some money (decides for instance to save for retirement), the value of the remaining money will go up and stay there. The magic is that, in the real economy, the production and consumption continues at the same volume. If everybody saves for retirement during their active years, everyone will also be rich (have the freedom to spend at will), without really sacrificing anything. The calculation adds up, and the reason is that money has no use value, and minimal cost (they can be reused indefinitely). The current situation is that everybody tries to have a negative amount of money. For instance, it is smart to have a one million house, a 900000 loan, and money only for a few weeks' or months' consumption. Say 10 000. That is -890000 in USD and one mill in real estate. That is positive equity but negative money. With bitcoin, it is not necessary to frantically buy up real estate or other inflation safe assets, you can just buy or rent what you need and save the rest in bitcoins. That is why the value of the bitcoin money supply M0 can be at least as big as the current USD M0 plus all other currencies' M0. USD 500 (the current value of USD as of october 2013) is peanuts. It can and will go much higher. Now you know. Go and buy. |
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fleabag
Member
Offline
Activity: 98
Merit: 10
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October 16, 2013, 11:41:02 PM |
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NO it will never ever ever even reach $500.
It has to. Look: Every time someone saves money, they are effectively taken out of the money supply, and the remaining money increases in value (until the money is reintroduced later). If everybody save some money (decides for instance to save for retirement), the value of the remaining money will go up and stay there. The magic is that, in the real economy, the production and consumption continues at the same volume. If everybody saves for retirement during their active years, everyone will also be rich (have the freedom to spend at will), without really sacrificing anything. The calculation adds up, and the reason is that money has no use value, and minimal cost (they can be reused indefinitely). The current situation is that everybody tries to have a negative amount of money. For instance, it is smart to have a one million house, a 900000 loan, and money only for a few weeks' or months' consumption. Say 10 000. That is -890000 in USD and one mill in real estate. That is positive equity but negative money. With bitcoin, it is not necessary to frantically buy up real estate or other inflation safe assets, you can just buy or rent what you need and save the rest in bitcoins. That is why the value of the bitcoin money supply M0 can be at least as big as the current USD M0 plus all other currencies' M0. USD 500 (the current value of USD as of october 2013) is peanuts. It can and will go much higher. Now you know. Go and buy. Sorry. Im not gambling my future away on some back room boiler room pipe dream. |
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elbill
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October 16, 2013, 11:44:27 PM |
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Maybe, We would need to be 10 times more users, is unlikely in the short term, maybe in 10 years.
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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October 16, 2013, 11:45:08 PM |
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NO it will never ever ever even reach $500.
It has to. Look: Every time someone saves money, they are effectively taken out of the money supply, and the remaining money increases in value (until the money is reintroduced later). If everybody save some money (decides for instance to save for retirement), the value of the remaining money will go up and stay there. The magic is that, in the real economy, the production and consumption continues at the same volume. If everybody saves for retirement during their active years, everyone will also be rich (have the freedom to spend at will), without really sacrificing anything. The calculation adds up, and the reason is that money has no use value, and minimal cost (they can be reused indefinitely). The current situation is that everybody tries to have a negative amount of money. For instance, it is smart to have a one million house, a 900000 loan, and money only for a few weeks' or months' consumption. Say 10 000. That is -890000 in USD and one mill in real estate. That is positive equity but negative money. With bitcoin, it is not necessary to frantically buy up real estate or other inflation safe assets, you can just buy or rent what you need and save the rest in bitcoins. That is why the value of the bitcoin money supply M0 can be at least as big as the current USD M0 plus all other currencies' M0. USD 500 (the current value of USD as of october 2013) is peanuts. It can and will go much higher. Now you know. Go and buy. Sorry. Im not gambling my future away on some back room boiler room pipe dream. And the nice thing about the entrepreneurs, that we the savers are in supporting the value of bitcoin, is that if we make the wrong decisions, our prosperity will evaporate and we fall back to the ranks of the wage-earning masses, as we deserve. |
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geraFoerra
Member
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Activity: 116
Merit: 10
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October 16, 2013, 11:56:01 PM |
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every one hopes that it will went up , in the end who hold 1 bitcoin will be the rich : )
so all I have to do is buy 1 bitcoin today and I will be a millionaire? Shit I'll buy two. Thanks foxylady In fact, you dont need to buy 1 bitcoin, you may get it for free if you have time and patience visiting free faucets and sites giving free BTC. But it could take 1 year of fun (better than wasting the time playing games  ) |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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October 16, 2013, 11:58:43 PM |
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Maybe, We would need to be 10 times more users, is unlikely in the short term, maybe in 10 years.
Correct, number of users is the key metric. But the value of bitcoin is not proportional to the number of users, because we have entrepreneurs (speculators), and if they are good in predicting, the value will rise (or have risen) quicker. But as we see here, not everybody can predict well (we predict different things, and everybody can therefore not be good). If we can know the real user number and the real holding preference per user (not including the speculative demand) we could predict the end value. But we can't, I think it is impossible to know. |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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October 17, 2013, 12:12:54 AM |
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NO it will never ever ever even reach $500.
exact same thing was said about btc never reaching 10 cents, 50 cents, 1 dollar, 5 dollar, 10 dollar, and 100 dollar. where are we? what ? 150 ?! all "never ever" sayers were wrong. why would you think you qualify for the first one who isn´t completly, totally, provably, admittingly, utterly, clearly & dead wrong about the rise of bitcoin ? Because it would be there already. The information is fully disseminated about bitcoin. And the people that dont know about it dont give a rats ass. PERIOD! I see at least one person that has not digested the information available - you.  |
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