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Valerian77
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October 08, 2013, 08:43:51 AM |
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Two points:
1. After Bitcoin has not suffered from Silkroad shutdown and Bitcointalk forum shutdown I am more than convinced that it is on its way to high values
2. Nobody can predict when people start to deal BTC on the next scale eg. 1 BTC = 1000 EUR. But after the mentioned last events I think this may be pretty fast.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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600watt
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October 08, 2013, 09:32:14 AM |
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Two points:
1. After Bitcoin has not suffered from Silkroad shutdown and Bitcointalk forum shutdown I am more than convinced that it is on its way to high values
2. Nobody can predict when people start to deal BTC on the next scale eg. 1 BTC = 1000 EUR. But after the mentioned last events I think this may be pretty fast.
i agree. bitcoin is astonishingly stable. reminds me of this golden rock...  (sry, couldn´t resist posting it again) |
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erik89
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October 08, 2013, 10:17:56 AM |
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One can hope! The rise from 0.63$ or so was amazing and I sorely regret not buy a ton of them when they were around that price. Hopefully they keep going up in value even after current events as in silkroad getting shut down and so. That the it crashed down quite a bit but its up to normal again  |
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saif92
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October 08, 2013, 11:34:10 AM |
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yes I sure its must happen very soon in future because bitcoin is future
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NickNick
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October 10, 2013, 08:43:10 AM |
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yes I sure its must happen very soon in future because bitcoin is future
Must become "present" one day though... |
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oyeTorry
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October 10, 2013, 08:57:52 AM |
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Who knows maybe it wont when so many are waiting now for profit. Stable price is more interesting Bitcoin future
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Johnny Bitcoinseed
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Johnny Bitcoinseed
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October 10, 2013, 11:38:53 AM |
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Of course it will - because the dollar will one day be worth close to nothing.
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Valerian77
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October 10, 2013, 11:56:21 AM |
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I think it's possible and it should do so. Wait for someone to invest a billion or two   Bitcoin is a very good example for a currency which simply reflects the market size plus investor speculation. If the market grows - and it will - BTC will go up automatically. Nobody is stupid enough to invest a billion in BTC as a single investment and speculation. But as market participants start to pay more and more goods in BTC and rebuy the paid BTC on the currency market then it will have an effect on the price. |
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netsurf83
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October 10, 2013, 12:37:30 PM |
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I doubt it. I think its all time highs were pure hype, I cant see 1 bitcoin being worth $1000.
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Rassah
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October 10, 2013, 02:51:22 PM |
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I doubt it. I think its all time highs were pure hype, I cant see 1 bitcoin being worth $1000.
It's all time high of $33 was pure hype back in 2011 when it dropped down to $2.50. |
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Taras
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Please do not PM me loan requests!
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October 10, 2013, 05:01:23 PM |
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What can the individual do to help standardize bitcoin?
Or should we start a few documentaries and pick up air time?
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desired_username
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October 10, 2013, 06:57:41 PM |
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I doubt it. I think its all time highs were pure hype, I cant see 1 bitcoin being worth $1000.
It's all time high of $33 was pure hype back in 2011 when it dropped down to $2.50. Most people said the same for every single price point bitcoin reached and passed. I heard the following many times: bitcoin will not worth 10, 25, 50, 75, 100. I think you have serious misconceptions on how something get it's value. ;-) |
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Johnny Bitcoinseed
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Johnny Bitcoinseed
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October 10, 2013, 08:00:40 PM |
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When you think about it, the world is a very big place with something more than 7,000,000,000 (seven billion) people.
According to my calculations, that equals only 3/1000ths of a bitcoin per person. (.003 of a bitcoin).
If BTC were to go mainstream and be used throughout the world for transactions, even just 1% of transactions, a BTC could become worth tens of thousands of dollars.
I like $50,000. That would make 21 million btc worth a total of 1 $Trillion, a nice round sum :-)
Of course, speculation and pipe dreams. I remember the Internet of 1995 - many people I talked to about the Internet just didn't get it. They get it now!
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Valerian77
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October 10, 2013, 08:37:13 PM |
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When you think about it, the world is a very big place with something more than 7,000,000,000 (seven billion) people.
According to my calculations, that equals only 3/1000ths of a bitcoin per person. (.003 of a bitcoin).
If BTC were to go mainstream and be used throughout the world for transactions, even just 1% of transactions, a BTC could become worth tens of thousands of dollars.
I like $50,000. That would make 21 million btc worth a total of 1 $Trillion, a nice round sum :-)
Of course, speculation and pipe dreams. I remember the Internet of 1995 - many people I talked to about the Internet just didn't get it. They get it now!
This is a very inaccurate speculation - more a believe or wish: - not everybody has access or advantage of BTC - who says that BTC goes mainstream - maybe it does not - maybe the market for cryptocurrencies will widen up and other currencies will be on the same level - " 1% of transactions, a BTC could become worth tens of thousands of dollars" - two unknown numbers combined to a third one  - maybe it will take 10 years until the market for cryptocurrencies settles - ... |
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geofflosophy
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October 10, 2013, 08:39:26 PM |
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What can the individual do to help standardize bitcoin?
Or should we start a few documentaries and pick up air time?
Spending coins is the best way for the individual to contribute. Make it a competitive advantage for companies to accept bitcoin, and they all will. Even if you just spend your coins and instantly replace them by buying more on Coinbase or your preferred exchange, this is the best way to get attention to the currency. |
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gripflierGO
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October 10, 2013, 08:45:00 PM |
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When you think about it, the world is a very big place with something more than 7,000,000,000 (seven billion) people.
According to my calculations, that equals only 3/1000ths of a bitcoin per person. (.003 of a bitcoin).
If BTC were to go mainstream and be used throughout the world for transactions, even just 1% of transactions, a BTC could become worth tens of thousands of dollars.
I like $50,000. That would make 21 million btc worth a total of 1 $Trillion, a nice round sum :-)
Of course, speculation and pipe dreams. I remember the Internet of 1995 - many people I talked to about the Internet just didn't get it. They get it now!
$1,000 is reasonable in x years, but $50,000 is pipe dreams. You must understand how many people want to profit from price increase |
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Peter R
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October 10, 2013, 09:16:51 PM |
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You must understand how many people want to profit from price increase The beauty is that early adopters can "profit" without ever selling for fiat, should bitcoin become more widely adopted. |
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sealberrder
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October 10, 2013, 09:19:48 PM |
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I believe $1000 is possible if amazon includes bitcoin as a payment method
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shuttleclock
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October 11, 2013, 01:26:09 AM |
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It's possible, but it can goes down to as low as $1/BTC too.. I rather being a little realistic, rather than being too much optimistic..  |
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msc
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October 11, 2013, 04:18:06 AM |
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I believe $1000 is possible if amazon includes bitcoin as a payment method
That's why we need good regulation. So that financial institutions can offer exchange services safely and openly (in the US, that means using ACH rather than wire transfers). And then, so that more retailers will be comfortable accepting Bitcoin and will be able to do it painlessly. As a result, there will be a lot more people buying and storing BTC, and Bitcoin will still offer a similar level of pseudo-anonymity. |
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