molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2013, 04:55:53 AM |
|
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? Camels, salt, women, mobile phones, bread?
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
tokeweed
Legendary
Offline
Activity: 4046
Merit: 1443
Life, Love and Laughter...
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2013, 12:27:32 PM |
|
it could happen. but then, it could not.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | ██░░░░░░░░░░░░░░░░░░░░░░██ ▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀ ▄▄███░░░░░░░░░░░░░░███▄▄ ▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀ ▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄ █░▄▄▄██████▄▄▄░█ █░▀▀████████▀▀░█ █░█▀▄▄▄▄▄▄▄▄██░█ █░█▀████████░█ █░█░██████░█ ▀▄▀▄███▀▄▀ ▄▀▄▀▄▄▄▄▀▄▀▄ ██▀░░░░░░░░▀██ | | | | | | | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄██████▀████░███▄▀██▄ ███░█████████▀██░████░███ ███░████░█▄████▀░████░███ ███░████░███▄████████░███ ▀██▄▀███░█████▄█████▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP FAZE CLAN SSC NAPOLI | | |
|
|
|
mp420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2013, 12:53:22 PM |
|
Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.
If this does indeed happen, I'm going to be filthy rich.
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2013, 05:40:35 PM |
|
Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.
If this does indeed happen, I'm going to be filthy rich.
not necessarily: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpQXBtlDm.png&t=665&c=obwyan7jtOe8Bg)
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
ruletheworld
Legendary
Offline
Activity: 1386
Merit: 1045
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 01, 2013, 11:40:59 PM |
|
Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.
If this does indeed happen, I'm going to be filthy rich.
Where did you come up with the "natural" value of Bitcoin as $20?
|
|
|
|
mp420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 04:52:07 AM |
|
Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.
If this does indeed happen, I'm going to be filthy rich.
Where did you come up with the "natural" value of Bitcoin as $20? Gut feeling based on comparing price to other adoption indicators (mainly number of transactions).
|
|
|
|
mp420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 05:04:06 AM |
|
Oh, and I thought "five-hundred-fold" but typed "five-thousand-fold", it appears.
|
|
|
|
hamiltino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 06:21:16 AM |
|
Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.
If this does indeed happen, I'm going to be filthy rich.
Where did you come up with the "natural" value of Bitcoin as $20? Gut feeling based on comparing price to other adoption indicators (mainly number of transactions). Show me the maths.
|
stacking coin
|
|
|
Jaroslaw
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 84
Merit: 10
supernode
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 06:40:23 AM |
|
wheres the moron who open this threat
|
|
|
|
Book
Newbie
Offline
Activity: 42
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 06:46:22 AM |
|
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? If every currency is wiped I guess people just determine on resources and objects. Most likely the same way the where when these currencies were around.
|
|
|
|
Viceroy (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 11:58:09 AM |
|
wheres the moron who open this threat
That would be me. I threatened to drive btc to $10,000 with this thread. I'm surprised how easy it was to support my position. We are strong believers, huh? That $260 made us hungry.
|
|
|
|
Jaroslaw
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 84
Merit: 10
supernode
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 12:07:35 PM |
|
wheres the moron who open this threat
That would be me. I threatened to drive btc to $10,000 with this thread. I'm surprised how easy it was to support my position. We are strong believers, huh? That $260 made us hungry. Make another one with bitcoin will reach $100 000 000
|
|
|
|
Viceroy (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 12:27:13 PM |
|
That would be CRAZY! ;-)
|
|
|
|
monkeybars
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 02, 2013, 05:36:33 PM |
|
wheres the moron who open this threat
That would be me. I threatened to drive btc to $10,000 with this thread. I'm surprised how easy it was to support my position. We are strong believers, huh? That $260 made us hungry. Make another one with bitcoin will reach $100 000 000 Could happen but not until there are hundreds of billions of people in the economy. Talk to you in 2313
|
|
|
|
viboracecata
Legendary
Offline
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 03, 2013, 03:15:40 AM |
|
I just cared when it will get back to 110 again.
Dreamers always achieve dreams by dreaming?
|
|
|
|
Jozzaboy
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 98
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 03, 2013, 03:19:54 AM |
|
wheres the moron who open this threat
That would be me. I threatened to drive btc to $10,000 with this thread. I'm surprised how easy it was to support my position. We are strong believers, huh? That $260 made us hungry. Make another one with bitcoin will reach $100 000 000 1 BTC at 100mil? I don't know what I would do with the money really. Complete my fortress and fund a local senator enough to acquire military hardware defenses? I know! I'm build a bloody space station! ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
|
BTC: 16whd9eNR8WY9nVhUUevNYMbQB2eS1jtYF I also accept precious metals, no paper money please.
|
|
|
just_me
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 420
Merit: 250
Jesus Christ Saves Sinners
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 03, 2013, 06:57:13 AM |
|
Not likely. No reason to buy bitcoins if they are too expensive. There are plenty of other coins now that are much cheaper.
|
Today is the day that the Lord has made, lets be glad and rejoice in it
|
|
|
ruletheworld
Legendary
Offline
Activity: 1386
Merit: 1045
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 03, 2013, 10:50:39 PM |
|
Not likely. No reason to buy bitcoins if they are too expensive. There are plenty of other coins now that are much cheaper.
I hope you didn't use the same logic selling USD and buying Zimbabwean dollars because they were "cheap" - a billion of those for a USD!
|
|
|
|
|