DannyHamilton
Legendary
 Offline
Activity: 3388
Merit: 4613
|
 |
December 04, 2013, 10:11:45 PM |
|
Ha, I knew 100,000 is possible. But I think it will take around 20 years. . BTC crosses the $10 threshold 4 months later on June 2, 2011. After a crash BTC drops below $10 (but not below $1) 2 months later on August 3. Eventually BTC recovers and exceeds $10 again on September 3, 2012, never dropping below that value again since. Increase from first cross of $1 to stable value above $10? Less than 19 months.
Now, lets look at mBTC. mBTC crosses the $1 threshold for the first time on November 27, 2013
Seems reasonable to believe that mBTC could reach a stable value above the $10 threshold within 24 months doesn't it? 1 mBTC = $10 means 1 BTC = $10,000 |
|
|
|
|
|
|
|
|
|
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
j68r
Member
Offline
Activity: 94
Merit: 10
|
|
December 05, 2013, 12:53:46 AM |
|
You've probably seen this or similar written elsewhere.  "The past is not a guide to the future and you may get back less than you originally invested." |
1Bjgt6S6Mk3GsAPM4Mx4RGS4zYhoFURyCZ
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
December 05, 2013, 01:37:47 AM |
|
Strange, my own calculations say 98501. Where could the error be? |
|
|
|
|
|
Cyberdyne
|
|
December 05, 2013, 01:53:15 AM |
|
Strange, my own calculations say 98501. Where could the error be? I think it's because you are using round(98500.848293489234) while the wallers are using floor(). |
|
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
December 05, 2013, 02:03:55 AM |
|
Strange, my own calculations say 98501. Where could the error be? I think it's because you are using round(98500.848293489234) while the wallers are using floor(). 
|
|
|
|
|
|
merv77
|
|
December 05, 2013, 02:22:52 AM |
|
You've probably seen this or similar written elsewhere. "The past is not a guide to the future and you may get back less than you originally invested." again, someone who doesn't have a clue. It really doesn't have anything to do with past, but everything to do with the future. I'm by far no bitcoin expert and not even that good at math, but I will at least try and understand how it sort of works. Below is a simple way I try to explain bitcoin's value. world fiat dollar market cap or dollar amount used in the world (just an example), probably much higher. Lets say it's 7 trillion dollars and bitcoin can take just 1% percent of that. look below at my basic math. $7,000,000,000,000 total fiat currency used in the world $70,000,000,000 1% of of above amount BTC13,000,000 amount of bitcoins in existence today $70,000,000,000 / BTC13,000,000 = $5,384.61 each bitcoin (don't forget this is if bitcoin could only take 1% which it will definitely do and much more) now if someone with better explanation could please elaborate and correct me if I'm way off or incorrect in my calculations. Cheers merv77 |
|
|
|
|
monbux
Legendary
Offline
Activity: 1736
Merit: 1024
|
|
December 05, 2013, 02:29:01 AM |
|
Ha, I knew 100,000 is possible. But I think it will take around 20 years. I think bitcoin can go both ways - 1. It'll hit skyhigh - tens of thousands to hundreds of thousand 2. It'll die. Just die, completely. I'm hoping for the first option, but IMO it's pretty unpredictable. |
|
|
|
|
smelly
Newbie
Offline
Activity: 16
Merit: 0
|
|
December 05, 2013, 02:39:58 AM |
|
I use BTC daily but when I talk about it one of the first questions is "is that legal?"
That's really sad that so many people seem to believe that they are only allowed to do what government tells them is OK  ...beyond infinity! |
|
|
|
|
|
merv77
|
|
December 05, 2013, 02:45:00 AM |
|
Ha, I knew 100,000 is possible. But I think it will take around 20 years. I think bitcoin can go both ways - 1. It'll hit skyhigh - tens of thousands to hundreds of thousand 2. It'll die. Just die, completely. I'm hoping for the first option, but IMO it's pretty unpredictable. how would it die? what do you think can kill bitcoin? easier to predict that it cannot die. it's already accepted in most countries, it's already being used by thousands of businesses ( http://coinmap.org/), and ten's of thousands of businesses use Bitpay to accept bitcoin related transactions. Impossible to kill off now. It's too late to shut the stable door after the horse has bolted EDIT. these are few well known places that accept BTC: Amazon, Richard Branson-buy a trip to space, University of Nicosia, bitcoin ATM's, etc, etc... |
|
|
|
|
|
Sparky_eMunie
|
|
December 05, 2013, 04:11:26 AM |
|
I think it will reach $3000 in 2014.
|
|
|
|
|
saif92
|
|
December 05, 2013, 09:49:36 AM |
|
I think it will reach $3000 in 2014.
hope so its touch this figure in 2014 because any thing can happen can lost ground and can gain too much |
|
|
|
|
zubelutte
|
|
December 05, 2013, 10:31:22 AM |
|
I think bitcoin can go both ways -
1. It'll hit skyhigh - tens of thousands to hundreds of thousand
2. It'll die. Just die, completely.
I'm hoping for the first option, but IMO it's pretty unpredictable.
how would it die? what do you think can kill bitcoin? easier to predict that it cannot die. it's already accepted in most countries, it's already being used by thousands of businesses ( http://coinmap.org/), and ten's of thousands of businesses use Bitpay to accept bitcoin related transactions. Impossible to kill off now. It's too late to shut the stable door after the horse has bolted EDIT. these are few well known places that accept BTC: Amazon, Richard Branson-buy a trip to space, University of Nicosia, bitcoin ATM's, etc, etc... I agree, Bitcoin cannot die completly no matter what happens, there are people who will use it regardless of value or laws... |
|
|
|
|
faiza1990
Sr. Member
Offline
Activity: 420
Merit: 250
★☆★777Coin★☆★
|
|
December 05, 2013, 10:57:26 AM |
|
just one chance that if INTERNET die then Bitcoin must die otherwise I also don't think this would be now going any where from this altcoins world
|
|
|
|
andreiya
Newbie
Offline
Activity: 16
Merit: 0
|
|
December 05, 2013, 02:12:53 PM |
|
bitcoin not die but its value may down to the hell ,because there are many people that have mining btc(don´t pay for it) they don´t appreciate the btc,is only a bubble for win easy money.
|
|
|
|
|
|
neordicICE
|
|
December 05, 2013, 02:34:33 PM |
|
bitcoin not die but its value may down to the hell ,because there are many people that have mining btc(don´t pay for it) they don´t appreciate the btc,is only a bubble for win easy money.
But these people had to buy the mining hardware, so they value the mined BTC as well... |
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
|
December 05, 2013, 03:18:52 PM |
|
Bitcoin can't die. Even if we lose all internet for months.
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
|
|
j68r
Member
Offline
Activity: 94
Merit: 10
|
|
December 05, 2013, 03:24:14 PM |
|
You've probably seen this or similar written elsewhere. "The past is not a guide to the future and you may get back less than you originally invested." again, someone who doesn't have a clue. It really doesn't have anything to do with past, but everything to do with the future. I'm by far no bitcoin expert and not even that good at math, but I will at least try and understand how it sort of works. Below is a simple way I try to explain bitcoin's value. world fiat dollar market cap or dollar amount used in the world (just an example), probably much higher. Lets say it's 7 trillion dollars and bitcoin can take just 1% percent of that. look below at my basic math. $7,000,000,000,000 total fiat currency used in the world $70,000,000,000 1% of of above amount BTC13,000,000 amount of bitcoins in existence today $70,000,000,000 / BTC13,000,000 = $5,384.61 each bitcoin (don't forget this is if bitcoin could only take 1% which it will definitely do and much more) now if someone with better explanation could please elaborate and correct me if I'm way off or incorrect in my calculations. Cheers merv77 Those aren't calculations, they're wild speculations. I'm mining btc and believe in btc. It's not a certainty bitcoin will achieve any of what you're claiming. And to assert it as truth is arrogant and frankly ridiculous. I hope it happens but I'm not staking my entire future on it and neither should anyone else, that said if you're prepared to take the risk then all power to you. |
1Bjgt6S6Mk3GsAPM4Mx4RGS4zYhoFURyCZ
|
|
|
|
vervolioman
|
|
December 05, 2013, 03:26:20 PM |
|
Bitcoin can't die. Even if we lose all internet for months.
Yes, Bitcoin can die only if we lose internet forever. But it is post WW3 scenario... |
What use is a signature?
|
|
|
jdarta
Newbie
Offline
Activity: 15
Merit: 0
|
|
December 05, 2013, 03:38:35 PM |
|
Bitcoin can't die. Even if we lose all internet for months.
Yes, Bitcoin can die only if we lose internet forever. But it is post WW3 scenario... Even during a possible WW3 bitcoin will still exist by the bias of military networks that could use bitcoin to send payments to troops or guns... |
|
|
|
|
|
merv77
|
|
December 05, 2013, 04:01:40 PM |
|
You've probably seen this or similar written elsewhere. "The past is not a guide to the future and you may get back less than you originally invested." again, someone who doesn't have a clue. It really doesn't have anything to do with past, but everything to do with the future. I'm by far no bitcoin expert and not even that good at math, but I will at least try and understand how it sort of works. Below is a simple way I try to explain bitcoin's value. world fiat dollar market cap or dollar amount used in the world (just an example), probably much higher. Lets say it's 7 trillion dollars and bitcoin can take just 1% percent of that. look below at my basic math. $7,000,000,000,000 total fiat currency used in the world $70,000,000,000 1% of of above amount BTC13,000,000 amount of bitcoins in existence today $70,000,000,000 / BTC13,000,000 = $5,384.61 each bitcoin (don't forget this is if bitcoin could only take 1% which it will definitely do and much more) now if someone with better explanation could please elaborate and correct me if I'm way off or incorrect in my calculations. Cheers merv77 Those aren't calculations, they're wild speculations. I'm mining btc and believe in btc. It's not a certainty bitcoin will achieve any of what you're claiming. And to assert it as truth is arrogant and frankly ridiculous. I hope it happens but I'm not staking my entire future on it and neither should anyone else, that said if you're prepared to take the risk then all power to you. seriously, I think you should read the headlines and why would you even buy a miner if you don't believe in it. fuck man, even governments and countries believe more than you. http://youtu.be/okNhH7EoV6I who's going to be following the Germans |
|
|
|
|
|
