Anon136
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December 25, 2013, 05:48:28 PM |
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Within a year or two, I think. With the caveat it might also drop to zero.
I agree, if bitcoin doesn't fail and drop to $0, it will absolutely reach $1000, and almost certainly reach $10,000. 10,000??! That's kind of a stretch, though bitcoin will remain as a primarily accepted universal cryptocoin I see no reason that the value of a mBTC can't grow from it's current $0.70 to $10.00. It already reached $1.20 about a month ago. Does $10 really sound like such a huge number that it's "kind of a stretch?" i move that mBTC just be called bits. i.e. "How much for this gallon of milk?", "That will be 3 bits please"
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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DannyHamilton
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December 26, 2013, 10:58:01 PM |
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i move that mBTC just be called bits. i.e. "How much for this gallon of milk?", "That will be 3 bits please"
I'd prefer miliBits, millies, or mils. bits is already a name for a value of US currency equivalent to $0.125 two bits currently means $0.25 (or a quarter).
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theBishop
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December 26, 2013, 11:39:01 PM Last edit: December 27, 2013, 04:35:13 AM by theBishop |
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I heard old podcast on Letstalkbitcoin! who talk about calling it embit or thats how would pronounce. I prefer because its easiest and only two syllables. Easy to say like.
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Mustang_Brett
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December 27, 2013, 12:04:26 AM |
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It's crazy. Who knows what will happen. With so many people invested and the trend of investors going upwards I think growth is likely..
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owox
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December 27, 2013, 12:51:47 AM |
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Yes and higher.
People will start trading alternative coins soon and Bitcoin will become more of a 'hold asset'. This will drive up demand and reduced supply prices will go up. Additionally, once people understand that Bitcoins can be used in 0.01 or 0.001 units they will ensure that their products are made available. The cost of trading in bitcoin will be much lower, but i will assume that volume of bitcoin trades will reduce due to increasing value.
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Soull
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December 27, 2013, 12:55:38 AM |
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Yes and higher.
People will start trading alternative coins soon and Bitcoin will become more of a 'hold asset'. This will drive up demand and reduced supply prices will go up. Additionally, once people understand that Bitcoins can be used in 0.01 or 0.001 units they will ensure that their products are made available. The cost of trading in bitcoin will be much lower, but i will assume that volume of bitcoin trades will reduce due to increasing value.
Very very true!
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TRON64bit
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December 27, 2013, 01:11:17 AM |
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debuni
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December 27, 2013, 02:00:07 AM |
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Guess will reach 1K in the mid Jan again Now are Holidays
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leuckest
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December 27, 2013, 02:13:00 AM |
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I hope your optimistic previsions get confirmed! Than I'll be so damn rich...
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Soull
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December 27, 2013, 02:36:02 AM |
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Guess will reach 1K in the mid Jan again Now are Holidays Interesting opinion! I'd really love to hear more from you in my thread: https://bitcointalk.org/index.php?topic=385313.0Much love! Soull
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infinitybo
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December 27, 2013, 10:20:54 AM |
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@Leuckest you are not the one in this situation because nothing is impossible tho.
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zeraTunerse
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December 27, 2013, 10:29:15 AM |
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It is about $20,000/Bitcoin in 15 years Definitively possible
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Framewood
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December 27, 2013, 10:35:13 AM |
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I see Bitcoin more as more of an investment coin and one of the newer faster coins being used for everyday transactions.
I like what NXT is doing and has proposed for the future.
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geraFoerra
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December 27, 2013, 10:37:58 AM |
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I see Bitcoin more as more of an investment coin and one of the newer faster coins being used for everyday transactions.
But the reality is different, you can use Bitcoin for buying stuff and alternative coins just as speculative investment
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trl55238
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December 27, 2013, 11:46:32 AM |
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I see Bitcoin more as more of an investment coin and one of the newer faster coins being used for everyday transactions.
But the reality is different, you can use Bitcoin for buying stuff and alternative coins just as speculative investment You can't use bitcoin for buying stuff on the fly. Too much wait time cos too many conformations are necessary for it to be adopted by the mainstream brick-and-mortar stores. Full service Restaurants and bars do accept it cos you'll be sitting there a while. So yeah.. Any store where you normally would be in and out of in 5 minutes are never going to have any use for bitcoin. Those alts that were mentioned earlier are probably a better bet. In the long run, next generation currencies like Nxt with near-instant confirmation will likely be the staple for such transactions.
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Elkuurbitcoins
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December 27, 2013, 11:58:24 AM |
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You can't use bitcoin for buying stuff on the fly. Too much wait time cos too many conformations are necessary for it to be adopted by the mainstream brick-and-mortar stores. Full service Restaurants and bars do accept it cos you'll be sitting there a while. So yeah.. Any store where you normally would be in and out of in 5 minutes are never going to have any use for bitcoin. Those alts that were mentioned earlier are probably a better bet. In the long run, next generation currencies like Nxt with near-instant confirmation will likely be the staple for such transactions.
Is there nothing that can be done about that? To speed up confirmation times?
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thedarksun
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December 27, 2013, 12:11:32 PM |
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Guys, after chinese new year when the third party exchanges no longer function in china, I think the price might drop to 100 dollars.
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Soull
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December 27, 2013, 01:03:05 PM |
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Guys, after chinese new year when the third party exchanges no longer function in china, I think the price might drop to 100 dollars.
Interesting opinion, Id love it if you would share your opinions in this thread: https://bitcointalk.org/index.php?topic=385313.msg4162069#msg4162069When is chinese new year? what do u mean "third party exchanges no longer fucntion" ? Isn't 100 dollars a little TO low? Please, write what you wrote here and if you want to answer my question also please do that in the thread i just shared I would appreciate it, and many other would to Much Love! Soull
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greenlion
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December 27, 2013, 03:46:11 PM |
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You can't use bitcoin for buying stuff on the fly. Too much wait time cos too many conformations are necessary for it to be adopted by the mainstream brick-and-mortar stores. Full service Restaurants and bars do accept it cos you'll be sitting there a while. So yeah.. Any store where you normally would be in and out of in 5 minutes are never going to have any use for bitcoin. Those alts that were mentioned earlier are probably a better bet. In the long run, next generation currencies like Nxt with near-instant confirmation will likely be the staple for such transactions.
This entire statement is based on a complete misunderstanding of what confirmation actually means. For the purposes of a point of sale situation, simply seeing the transaction broadcast on the network is good enough.
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Mustang_Brett
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December 27, 2013, 04:37:26 PM |
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It is about $20,000/Bitcoin in 15 years
Personally, I think we're just starting to see the initial mainstream adoption of BitCoin and the associated value rise that goes with it. I think it will continue to increase in value quickly over the next year or two but I expect it will stall for a month or two as cautious people hold back. I think that's the reason why mainstream banking is now trying to close the doors on it as it sees BitCoin thriving and they want to stop it while they can. I think it's too late for that and after some initial pushback we'll see the "If you can't beat them, join them" phase and that's when BitCoin will take it's final spurt until it hits its ceiling. I see 2/3 Altcoins following suit but with lower values attached to them. Mustang Brett
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