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chriswilmer
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June 28, 2013, 08:00:41 PM |
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2020 is very reasonable in my opinion. I have no idea what 2030 or 2040 will bring... but I bet the stories of how I gave away 1 BTC casacius coins to friends will seem completely unbelievable.
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vokain
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June 28, 2013, 08:13:48 PM |
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but I bet the stories of how I gave away 1 BTC casacius coins to friends will seem completely unbelievable.
they will say, Does not compute ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) hopefully not "damn, should've kept that!"
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molecular
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June 28, 2013, 08:17:51 PM |
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the dollar will be replaced by some other currency before that happens.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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zoinky
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June 28, 2013, 08:53:04 PM |
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I've always seen 2017 as the golden year.
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monkeybars
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June 28, 2013, 09:59:24 PM Last edit: June 29, 2013, 01:39:54 AM by monkeybars |
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I've always seen 2017 as the golden year.
I agree with this in terms of adoption/usage. But the price won't hit the plateau until 2-5 years later. Spring 2016 is my prediction for $10,000 USD/BTC.
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vokain
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June 30, 2013, 02:43:26 AM |
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Stop spreading this crap. Its not realistic, you fuggin troll.
it is if we choose not to use fiat-based currency any longer
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ThatDGuy
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June 30, 2013, 07:23:30 PM |
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Stop spreading this crap. Its not realistic, you fuggin troll.
it is if we choose not to use fiat-based currency any longer Yup. Bitcoin is a potential successor, or at least as a store of wealth and/or money transmitter.
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Wagner2014
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June 30, 2013, 07:25:34 PM |
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We could reach $10 before $10,000...threads with titles like this make me bearish...
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Hello, fellow Bitcoin Billionaires!!
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Viceroy (OP)
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June 30, 2013, 09:05:30 PM |
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We could reach $10 before $10,000...threads with titles like this make me bearish...
You can choose to vote or not. While certainly in no way scientific the results are fascinating to me.
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JimboToronto
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You're never too old to think young.
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June 30, 2013, 09:10:37 PM |
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I bet the stories of how I gave away 1 BTC casacius coins to friends will seem completely unbelievable.
Kinda like 10,000BTC pizzas?
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skilo
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June 30, 2013, 09:11:47 PM |
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I don't really know what to say about this... lol
Um i guess if we have a dollar collapse it's possible but how exactly do you determine Bitcoins value without a fiat currency to compare it to?
If USD was to go away tomorrow how would you know how much a Bitcoin is worth?
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Viceroy (OP)
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June 30, 2013, 09:13:29 PM |
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Do you expect $USD to disappear in the next 30 years for some reason? Or ever?
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monkeybars
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2013, 09:17:00 PM |
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I don't really know what to say about this... lol
Um i guess if we have a dollar collapse it's possible but how exactly do you determine Bitcoins value without a fiat currency to compare it to?
If USD was to go away tomorrow how would you know how much a Bitcoin is worth?
There is no such thing as absolute value
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JimboToronto
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You're never too old to think young.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2013, 09:21:07 PM |
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If USD was to go away tomorrow how would you know how much a Bitcoin is worth?
Euros, Yuan, gold, rubles? I think the OP was referring to an increase in Bitcoin's value, not the dollar's collapse, although both are probably inevitable to some degree.
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ThatDGuy
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June 30, 2013, 09:22:17 PM |
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I bet the stories of how I gave away 1 BTC casacius coins to friends will seem completely unbelievable.
Kinda like 10,000BTC pizzas? Bingo. One of the metrics I'm watching now is the lowest price per BTC on a month-to-month basis. Tracking it from 2011: Google Spreadsheet with Monthly Lows Summary DataInteresting findings: - 23 of 29 months since the beginning of 2011 have seen an increase in the monthly low price
- We are in the 16th consecutive month of an increased monthly low price.
- The average change from one monthly low price in this time period to the next: +35.70%
I'm not saying past performance predicts future gains, but that is a pretty significant period of time. I don't think +35.7% could realistically continue, but I'm sure if you asked me that question in 2012 I would have said the same thing, and in 2011, and so on.
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Wekkel
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yes
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June 30, 2013, 09:38:30 PM |
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Even at very moderate adoption numbers, the big surge would happen before 2020. The recent run up to $266 just spoiled us a little bit ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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skilo
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2013, 09:39:11 PM |
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If USD was to go away tomorrow how would you know how much a Bitcoin is worth?
Euros, Yuan, gold, rubles? I think the OP was referring to an increase in Bitcoin's value, not the dollar's collapse, although both are probably inevitable to some degree. What if there was no more gold or silver or fiat money, How would you determine Bitcoins value then?
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Silv0r
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June 30, 2013, 10:07:00 PM |
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If USD was to go away tomorrow how would you know how much a Bitcoin is worth?
Euros, Yuan, gold, rubles? I think the OP was referring to an increase in Bitcoin's value, not the dollar's collapse, although both are probably inevitable to some degree. What if there was no more gold or silver or fiat money, How would you determine Bitcoins value then? I think this won't happen. There can't be no gold or silver. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The only way is that one "person" holds all the gold i.e. together and won't share it. Maybe Bitcoin will be an established currency but I don't think it will replace other currencies. Maybe the fiat like USD / EUR. But then you have a value between gold / silver / coins and Bitcoins ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Greetings
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ruletheworld
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June 30, 2013, 10:12:37 PM |
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If USD was to go away tomorrow how would you know how much a Bitcoin is worth?
Euros, Yuan, gold, rubles? I think the OP was referring to an increase in Bitcoin's value, not the dollar's collapse, although both are probably inevitable to some degree. What if there was no more gold or silver or fiat money, How would you determine Bitcoins value then? Very simply, it would be the sum total of all the goods and services produced in the economy divided by the total number of Bitcoins in circulation. That's how you determine the value of any currency, with certain complications of course for fiat/fractional reserve banking. Of course we usually quote value of one currency relative to another. As long as the market has faith in a currency, it isn't dependent on value on another currency, even gold, fiat, etc.
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