vthx
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Activity: 4
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September 04, 2013, 06:55:28 PM |
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If bitcoin stays around long enough then there is a good chance that bitcoins as valued in dollars will reach $1000. The trend in the denominator (usd) is down. For example if you plug today's price of bitcoin/usd into a government inflation calculator you find that it took 46 years (1967-2013) for $143 to turn into $1000 just from dollar devaluation alone. Obviously if the intrinsic value of btc increases (e.g. from more people trusting and using it) than that will accelerate the trend. In short I think there is a good chance bitcoin will either reach/exceed $1000 or become worthless depending on whether or not it remains viable as time progresses. I personally hope that bitcoin lasts. Bitcoin is a huge step in the direction of a more free society!
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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BuyAllBTC4
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Activity: 16
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September 04, 2013, 07:56:33 PM |
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You are highly ambitious. If bitcoin hit $500 this community will be the number one successful community.
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Fuzzy
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September 04, 2013, 08:12:46 PM |
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If bitcoin stays around long enough then there is a good chance that bitcoins as valued in dollars will reach $1000. The trend in the denominator (usd) is down. For example if you plug today's price of bitcoin/usd into a government inflation calculator you find that it took 46 years (1967-2013) for $143 to turn into $1000 just from dollar devaluation alone. Obviously if the intrinsic value of btc increases (e.g. from more people trusting and using it) than that will accelerate the trend. In short I think there is a good chance bitcoin will either reach/exceed $1000 or become worthless depending on whether or not it remains viable as time progresses. I personally hope that bitcoin lasts. Bitcoin is a huge step in the direction of a more free society!
During an economic downturn, a lot of money moves out of fiat and into precious metals. However, after it was revealed that paper gold certs are completely un-backed (see "Germany gold federal reserve"), the only sure way of having gold is to hold gold bullion, which is becoming harder and harder to find/ship/verify/store. Bitcoins are weightless, virtual, and unforgeable, at the expense of being more volatile. If/when the economy tanks, bitcoin will reach FAR beyond $1k. |
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notme
Legendary
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Activity: 1904
Merit: 1002
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September 04, 2013, 08:20:11 PM |
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If it drops, awesome. Buy in. If it rises, awesome. You're richer. I'm actually I hoping I can get in at $50 again before it can hit the quadruple digits  I can see it skyrocketing if something like ebay adopts it. So, yeah, not a matter of if, but of when. Ebay owns Paypal. You might see bitcoin as a payment method on Paypal eventually (with huge fees), but I really doubt they'll ever allow bitcoin denominated accounts. |
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Fuzzy
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September 04, 2013, 08:32:05 PM |
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In all honesty, I think PPC has the strongest chances of this. It's got the best inflation model, the greatest security and is energy neutral. Plus, it's got one of the most brilliant devs I've ever seen.
I think Bitcoin will reach about $400 max and then slowly decline as a result of PPC's influence.
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TheHighwayPhantom
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September 04, 2013, 08:38:35 PM |
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Hello im a newbie  |
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TheHighwayPhantom
Newbie
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Activity: 6
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September 04, 2013, 08:50:41 PM |
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I hope it reaches $1000 when I have a million bitcoins  13LHoMzhZcrM6RkqjiCrzR6bBZ2n6vND3D |
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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September 04, 2013, 09:06:09 PM |
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I hope it reaches $1000 when I have a million bitcoins 13LHoMzhZcrM6RkqjiCrzR6bBZ2n6vND3D You will never have a million btc. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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Trade4Coins
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Activity: 16
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September 05, 2013, 10:32:59 PM |
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When 1 Hotdog's price will be $500 then bitcoin will reach $1000
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geofflosophy
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September 06, 2013, 04:09:47 AM |
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When 1 Hotdog's price will be $500 then bitcoin will reach $1000
So I'm assuming you think that the price of BTC is about to tank? Because right now you can buy like 50 hotdogs with one coin, more if you hit Gray's Papaya. |
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notme
Legendary
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Activity: 1904
Merit: 1002
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September 06, 2013, 06:03:04 AM |
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When 1 Hotdog's price will be $500 then bitcoin will reach $1000
So I'm assuming you think that the price of BTC is about to tank? Because right now you can buy like 50 hotdogs with one coin, more if you hit Gray's Papaya. 1. Buy 50 hotdogs now 2. Wait for $500 hotdogs/$1000 BTC 3. Sell all your hotdogs for BTC Bam, 25 BTC worth $1000 a piece for a small fiat investment of about $100 now. |
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zeeshanblc
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September 06, 2013, 06:19:05 AM |
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It could when dollar or euro collapse.
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xtcminer
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Activity: 44
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September 06, 2013, 10:14:06 AM |
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It could when dollar or euro collapse.
It could in any scenario of wider adoption and going mainstream. |
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BM1980
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Activity: 21
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September 06, 2013, 10:53:36 AM |
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bitcoin will be 1000$ in 1 year
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bythesea
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September 06, 2013, 01:04:03 PM |
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I don't think that will happen in a near future, at least not in the next 3 years.
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Sheffield
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September 06, 2013, 05:54:40 PM |
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It's dumb to speculate, better question is will anyone pay 1000$ for a bitcoin?
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mearylll
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September 06, 2013, 06:04:04 PM |
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It's dumb to speculate, better question is will anyone pay 1000$ for a bitcoin?
Why not? Why anyone pay 100$ for a bitcoin when it could be bought at 10$ one year ago? |
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ASSASSINO
Newbie
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Activity: 16
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September 06, 2013, 08:33:20 PM |
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its possible
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pokerFace2
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September 08, 2013, 12:03:04 PM |
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It could when dollar or euro collapse.
It could in any scenario of wider adoption and going mainstream. This, it is not as hard to hit as some belive |
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