DannyHamilton
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June 24, 2013, 09:28:22 PM |
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I think we see 50 sooner than 200 IMO.
Could go either way, I really couldn't predict if we'd see $50 before $200 or not. |
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nobbynobbynoob
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June 24, 2013, 09:29:08 PM |
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50 was already tested hard during the last crash. Much under 90 still seems to wake buyers up. We could see a short-term capitulation but it's worth remembering it's not 2011 now. History doesn't repeat itself exactly. Current market appears neither particularly bearish nor bullish.
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Funky Al
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It takes a tough man to make a tender chicken.
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June 24, 2013, 09:31:27 PM |
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Look how much things have changed in a year with price and media coverage and still the average person knows nothing of bitcoin.
If more places start seeing the advantages of Bitcoin and accepting them, there's no reason why not.
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Kam the Ham
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June 24, 2013, 09:36:40 PM |
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Within a year or two, I think. With the caveat it might also drop to zero. I think we see 50 sooner than 200 IMO. This. Won't there be a limited number of bitcoins eventually anyway? Can't see it getting much higher than an absolute max of $1k. |
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klovishey
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Selling Coupons Babie
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June 24, 2013, 09:37:10 PM |
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stable 1K maybe in about 10 years if successfull (much more likely 0 though)
stable 10K simply never, ever
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nobbynobbynoob
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June 24, 2013, 09:40:11 PM |
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Yes, the supply is limited to just below 21 million BTC, which is what enables possible high valuations.
20 million BTC x $1000/BTC = $20 billion "market cap" = still a minnow.
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DannyHamilton
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June 24, 2013, 09:42:34 PM |
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Within a year or two, I think. With the caveat it might also drop to zero. I think we see 50 sooner than 200 IMO. This. Won't there be a limited number of bitcoins eventually anyway? Can't see it getting much higher than an absolute max of $1k. Yes, there is a hard limit of less than 21 million bitcoins (2.1 quadrillion satoshi) created. This limit will be reached somewhere around the year 2130. Wouldn't such a limit result in an exchange rate significantly higher than $1k? Why would a limit on supply keep the demand from increasing? I don't see the connection. |
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amidaemon
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June 24, 2013, 09:43:51 PM |
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yes, but not today  |
well done
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rennmaus_2001
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June 24, 2013, 10:02:46 PM |
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Only future will know ...
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accelerator
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June 24, 2013, 10:15:07 PM |
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The price has been remarkably stable since "the crash." I can only see demand increasing from here, and supply is very limited, so $1000 is definitely not out of the question.
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Pattart
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June 24, 2013, 11:51:44 PM |
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When I first heard about it, it was over $200 and look at now. It's going down and not up.
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galtbit
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June 25, 2013, 12:11:53 AM |
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Maybe. Who knows. The powers that be are circling.
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nobbynobbynoob
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June 25, 2013, 12:31:36 AM |
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When I first heard about it, it was over $200 and look at now. It's going down and not up.
>$200 -> $50 -> >$100 -> $50 -> $166 -> $79 -> $135 -> $100 is a mixed bag and not simply a case of "down and not up". Yes, there was some kind of a bubble and it did burst. IMO that bubble was not nearly as severe (proportionally) as the one of 2011. But I could be proven wrong and we could crash to $30 over the summer. I just think that probably won't happen. Maybe. Who knows. The powers that be are circling.
It's difficult for TPTB to regulate Bitcoin itself - it was designed that way - but they are trying very hard to enforce AML, KYC and other regulations at fiat exchange points. Did anyone think they would do otherwise? |
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TheKoziTwo
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June 25, 2013, 12:34:35 AM |
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Within the next 3 years I believe we'll see $1000.
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Neverek
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June 25, 2013, 12:47:37 AM |
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2000 in 2 years  |
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dimitry-js
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June 25, 2013, 01:01:11 AM |
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I don't think the value of bitcoin raises that much in the future. However, there is a potential for growth as the currency gets more established and there is more demand for bitcoins in the society.
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GhanaGamboy
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Dadice Fixed Rate.
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June 25, 2013, 07:36:08 AM |
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The price depends how useable the coin is, to hit 1K+ it must be standard payment of more merchants especially the big ones
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camper_van
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June 25, 2013, 09:59:51 AM |
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Its going to be difficult if the paranoid people are right, and the goverment(s) start to raid exchanges just for being a threat.
I doubt that would wipe out bitcoin completely, but hey, it could happen.
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nobbynobbynoob
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June 25, 2013, 02:29:36 PM |
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Its going to be difficult if the paranoid people are right, and the goverment(s) start to raid exchanges just for being a threat.
I doubt that would wipe out bitcoin completely, but hey, it could happen.
Governments might nail exchanges which don't comply with AML/KYC and that sort of stuff. If you touch fiat, you gotta play by "their" rules, right? Notice how the Japanese authorities don't seem to have had any beef with Mt Gox all these years. The biggest headache for legal exchanges right now seems to be the banksters freezing their feeder accounts. |
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hany103
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June 25, 2013, 02:35:47 PM |
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Possibly if it gained a chunk of Credit/Debit Cards share, at that time bankers will invent a successor.
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