Bitcoin Forum
October 22, 2017, 03:16:48 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Poll
Question: Bitcoin Value At The End Of 2011?
Less than 1 - 10 (3.5%)
1-5 - 5 (1.8%)
6-10 - 14 (5%)
11-15 - 15 (5.3%)
16-20 - 25 (8.9%)
21-25 - 28 (9.9%)
26-30 - 25 (8.9%)
31-35 - 19 (6.7%)
36-45 - 26 (9.2%)
Higher than 46 - 53 (18.8%)
Higher than 100 - 62 (22%)
Total Voters: 280

Pages: 1 2 3 4 [All]
  Print  
Author Topic: Bitcoin Value At The End Of 2011?  (Read 7294 times)
TheBitMan
Sr. Member
****
Offline Offline

Activity: 280



View Profile
July 08, 2011, 07:41:39 PM
 #1

Leave comments..
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
neptop
Sr. Member
****
Offline Offline

Activity: 314


View Profile
July 08, 2011, 07:46:22 PM
 #2

I think it will raise, because of the difficulty. But that's just a very wild guess. If I would be able to predict prices I would be very rich. Wink

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
talpan
Full Member
***
Offline Offline

Activity: 228


View Profile
July 08, 2011, 07:48:16 PM
 #3

I think the price will go just under 30 bucks.
It were some rough weeks with the mtgox hack, the media and the resulting bubble and when it eventually bursted.

regards, talpan
evoorhees
Legendary
*
Offline Offline

Activity: 994


Democracy is the original 51% attack


View Profile
July 08, 2011, 08:02:47 PM
 #4

I think it will raise, because of the difficulty.

Price changes are not significantly influenced by difficulty changes. However, difficulty changes are significantly influenced by price changes.

If price followed difficulty, then we could all make ourselves rich merely by agreeing to increase difficulty tomorrow by 10,000,000x. Think what the price would be!!!
GeniuSxBoY
Hero Member
*****
Offline Offline

Activity: 616


View Profile
July 08, 2011, 08:10:52 PM
 #5

lows $17

highs $28

Be humble!
Mousepotato
Hero Member
*****
Offline Offline

Activity: 896


Seal Cub Clubbing Club


View Profile
July 08, 2011, 08:11:32 PM
 #6

Price changes are not significantly influenced by difficulty changes. However, difficulty changes are significantly influenced by price changes.

If price followed difficulty, then we could all make ourselves rich merely by agreeing to increase difficulty tomorrow by 10,000,000x. Think what the price would be!!!

Except that difficulty isn't determined by agreement.

Given the popular idea that difficulty follows price, I think that in order to estimate the BTC value at the end of the year, we must first extrapolate the difficulty at the end of the year and determine what price a Bitcoin would have to be to support it.

Mousepotato
TTBit
Legendary
*
Offline Offline

Activity: 1136


View Profile
July 08, 2011, 08:33:54 PM
 #7

one bitcoin

good judgment comes from experience, and experience comes from bad judgment
kingbc
Newbie
*
Offline Offline

Activity: 28


View Profile
July 08, 2011, 08:35:10 PM
 #8

Real speculators arent saying shit lol.
Grant
Full Member
***
Offline Offline

Activity: 210


View Profile
July 08, 2011, 08:35:51 PM
 #9

Real speculators arent saying shit lol.


Nope, shh we're speculating! Wink
talpan
Full Member
***
Offline Offline

Activity: 228


View Profile
July 08, 2011, 08:37:08 PM
 #10

one bitcoin

+1
MoonShadow
Legendary
*
Offline Offline

Activity: 1680



View Profile
July 08, 2011, 08:42:24 PM
 #11

Price changes are not significantly influenced by difficulty changes. However, difficulty changes are significantly influenced by price changes.

If price followed difficulty, then we could all make ourselves rich merely by agreeing to increase difficulty tomorrow by 10,000,000x. Think what the price would be!!!

Except that difficulty isn't determined by agreement.

Given the popular idea that difficulty follows price, I think that in order to estimate the BTC value at the end of the year, we must first extrapolate the difficulty at the end of the year and determine what price a Bitcoin would have to be to support it.

By definition, it's impossible to predict the effect and use that to calculate a prediction of the cause.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
wareen
Millionaire
Legendary
*
Offline Offline

Activity: 840


A Decentralized Social Marketplace


View Profile
July 08, 2011, 08:43:10 PM
 #12

one bitcoin
Grin exactly!

I'm sure we'll see the day where it is no longer necessary to always think of the exchange rates because the Bitcoin economy has grown large enough so that there's hardly ever the need to exchange them for fiat currencies.

It sure won't be end of 2011 though - so my bet for this one is 36-45: two more rallies and a correction afterwards.


        ▄██▄▄▄▄▄▄██
      ▄███████████▄
     ██████▀▀████████▄
    ███████▄▄ ▀▀
    ▀██████████████▄▄▄
     ▀█████████████████▄
        ▀▀██▀████████████
          ██ ██ ▐█████████
  ▄▄███▄▄ ██ ██ ▐█████████
 ███████████▄█████████████
▐████████████████████████▀
▐███████████████████████▀
 ▀███████████████████▀▀
   ▀▀████████████
       ▀▀███████
           ▀▀██

.
Soma
║║
║║
║║
.
║║
║║
║║
║║
║║
║║
║║
║║
║║



             ▄██▄
     ▄      ▐████   ▄▄
   █████     ██████████
    █████████████████▀
 ▄████████████▀████▌
██████████     ▀████     
 ▀▀   █████     ██████████
      ▀████▌▄████████████▀
    ▄▄▄███████████████▌
   ██████████▀    ▐████
    ▀▀▀  ███
█▌     ▀▀▀
         ▀███▀



                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀



       ▄▄▄▄▄▄
    ▄████████
    █████▀▀▀▀
   ▐████
   ▐████
████████████
████████████
   ▐████
   ▐████
   ▐████
   ▐████
proudhon
Legendary
*
Offline Offline

Activity: 1232



View Profile
July 08, 2011, 08:49:52 PM
 #13

I voted 16-20.  It's gonna be looooong time before we're over 20 again, I think.
foggyb
Legendary
*
Offline Offline

Activity: 1344


View Profile
July 08, 2011, 09:01:59 PM
 #14

$20+ by the end of July. $30-$35 at end of year. With higher spikes to $45-$50 in between.
BitcoinBabe
Member
**
Offline Offline

Activity: 84


Side-stepping the matrix | Bit by bit


View Profile WWW
July 08, 2011, 09:07:20 PM
 #15

And by the end of 2012...?

By then the Euro, if it's still in existence, will probably be in even more dire straits than it is now (never mind Greece, Portugal and Italy will be seeking bailouts and Ireland will probably have withdrawn from the Euro altogether), the US will most likely have defaulted and/or will have come up with more QE, making the $ even weaker and prices will be through the roof... unless you use bitcoin, which will probably be more on par with precious metals, which will be worth tens of thousands/oz by then (and that could just be silver).

People will be using paper money to make fires to keep warm and old men will be offering BJs on street corners for a satoshi to get a bite to eat.

 Shocked

bitcon
Legendary
*
Offline Offline

Activity: 1120



View Profile
July 08, 2011, 09:14:04 PM
 #16

$20+ by the end of July. $30-$35 at end of year. With higher spikes to $45-$50 in between.


hope you're right.  wouldn't bet on it though.   i'm seeing $20  maybe september or october.  (if we're lucky )


                   ▄▄▄▄▄
            ▄▄███████████████▄▄
         ▄███████████████████████▄
       ▄██████████████████▀ ▀███████▄
     ▄██████████████████▀    ▄████████
    ██████████████████▀    ▄███████████▄
   ██████████████████    ▄██████████████
  ████████████████ ▀██▄   ▀██████████████
  ███████████████▄   ▀██▄   ▀████████████
 ▐████████████▀ ▀██▄   ▀██▄   ███████████▌
 ▐███████████▄    ▀██▄   ▀██▄████████████▌
 ▐█████████████▄    ▀██▄ ▄███████████████▌
  ▀██████████████▄    ▀██████████████████
   █████████████▀    ▄██████████████████
    ▀█████████▀    ▄███████████████████
      ███████▄   ▄███████████████████
        ███████▄███████████████████
          ▀▀████████████████████▀
               ▀███████████▀

..ETHLend..1
[ Slack ] [ Telegram ] [ Twitter ]
▬▬ [ Bounty ] [ Facebook ] ▬▬
[ DAPP Thread ] [ ICO Thread ]
Mousepotato
Hero Member
*****
Offline Offline

Activity: 896


Seal Cub Clubbing Club


View Profile
July 08, 2011, 10:02:18 PM
 #17

hope you're right.  wouldn't bet on it though.   i'm seeing $20  maybe september or october.  (if we're lucky )

On the bright side, that means a fairly flat difficulty rise due to natural growth, which means you'll get more mileage out of your mining hardware!

Mousepotato
proudhon
Legendary
*
Offline Offline

Activity: 1232



View Profile
July 08, 2011, 10:35:26 PM
 #18

$20+ by the end of July. $30-$35 at end of year. With higher spikes to $45-$50 in between.


hope you're right.  wouldn't bet on it though.   i'm seeing $20  maybe september or october.  (if we're lucky )

You're a lot more optimistic than me.
error
Hero Member
*****
Offline Offline

Activity: 574



View Profile
July 08, 2011, 11:39:12 PM
 #19

It's clear the majority of people participating in the poll are quite bullish.

I personally voted for over $100. I would not be surprised to be slightly wrong; perhaps it will only be around $90.

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
Sannyasi
Sr. Member
****
Offline Offline

Activity: 455



View Profile WWW
July 08, 2011, 11:50:34 PM
 #20

roughly counting about 85ish % think it will be higher than it is now- that's kind of reassuring.

1DxP5iL6hN5Gd3cwmDz9uFSntW8ALBQaGK

http://gamerkeys.net/common/home.htm <- the best place to get games!

my portfoio: http://windowsofamind.com
lettucebee
Sr. Member
****
Offline Offline

Activity: 434


Spectiv VR Crowdsale: 08/14/17


View Profile
July 09, 2011, 12:46:48 AM
 #21

Oh my, this little project is SO vulnerable.  Bitcoin offers something really, really useful to the poor little people of the world who need to "send some money home", sort of like hawala.  (Exchangers need to be found on both ends.)  But this faction alone could greatly increase bitcoin's spread; it could take it worldwide and ubiquitous.  This kind of honest use takes bitcoin higher.

Another group is organized crime, but now we're talking a lot of money at one time.  How would these guys buy enough bitcoin and sell enough bitcoin on the other end to quickly fit within their paradigm?  I don't think bitcoin is ready for big transactions in and out of fiat currencies.  Unfortunately, organized crime may see the bitcoin community as a bunch of chumps to be taken advantage of.  They could set up an online exchange or an online wallet company (think MyBitcoin.com), earn people's trust, and then pull the plug and disappear.  In fact, patience would be rewarded such that it would pay off to stay in business, grow the business until the community trusts you, and THEN pull the plug.  This kind of crime takes bitcoin down and quickly.

Bitcoin's price is very vulnerable to crime.  Look what happened when Mt Gox got hacked.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                   [ Whitepaper ]        [ Website ]                    
    
lettucebee
Sr. Member
****
Offline Offline

Activity: 434


Spectiv VR Crowdsale: 08/14/17


View Profile
July 09, 2011, 01:30:38 AM
 #22

I just had a vision, clear as day.  Here's what's going to happen.  As the police state in the U.S. consolidates its control over every aspect of daily life, very soon they will impose capital controls in order to prevent people from moving money offshore. At this point, the black market for bitcoin will go thru the roof. Sites like ubitex will be discovered, ads will appear on craigslist, rendezvous points will be agreed upon and bitcoin will be one of the ways that people protect their money from confiscatory inflation.

This will be a tough, dangerous environment in which to sell, but those with smarts and courage will be rewarded.  In this scenario, bitcoin price will be high.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                   [ Whitepaper ]        [ Website ]                    
    
error
Hero Member
*****
Offline Offline

Activity: 574



View Profile
July 09, 2011, 03:31:55 AM
 #23

I just had a vision, clear as day.  Here's what's going to happen.  As the police state in the U.S. consolidates its control over every aspect of daily life, very soon they will impose capital controls in order to prevent people from moving money offshore. At this point, the black market for bitcoin will go thru the roof. Sites like ubitex will be discovered, ads will appear on craigslist, rendezvous points will be agreed upon and bitcoin will be one of the ways that people protect their money from confiscatory inflation.

This will be a tough, dangerous environment in which to sell, but those with smarts and courage will be rewarded.  In this scenario, bitcoin price will be high.

You talk about this as if the government crackdown on capital movement is in the future. It's already going on.

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
MoonShadow
Legendary
*
Offline Offline

Activity: 1680



View Profile
July 09, 2011, 04:28:42 AM
 #24

I just had a vision, clear as day.  Here's what's going to happen.  As the police state in the U.S. consolidates its control over every aspect of daily life, very soon they will impose capital controls in order to prevent people from moving money offshore. At this point, the black market for bitcoin will go thru the roof. Sites like ubitex will be discovered, ads will appear on craigslist, rendezvous points will be agreed upon and bitcoin will be one of the ways that people protect their money from confiscatory inflation.

This will be a tough, dangerous environment in which to sell, but those with smarts and courage will be rewarded.  In this scenario, bitcoin price will be high.

You talk about this as if the government crackdown on capital movement is in the future. It's already going on.

True, but not very many people need to move large amounts of value across borders.  And if bitcoin is flowing out of the country to facilitate capital flight, then goods would need to be moving out as well, in order to get bitcoins to flow back in.  Otherwise the bitcoins within the country become scarce.  Keep in mind that currencies are just placeholders for goods, somehow those goods still have to move.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
phillipsjk
Legendary
*
Offline Offline

Activity: 1008

Let the chips fall where they may.


View Profile WWW
July 09, 2011, 06:02:04 AM
 #25

one bitcoin

Thread winner. The poll does not specify units.

The people taking gold/silver parity often don't use units either (when they mean 'worth the same as 1 once' .. I think.).

James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE  0A2F B3DE 81FF 7B9D 5160
Jaime Frontero
Full Member
***
Offline Offline

Activity: 126


View Profile
July 09, 2011, 06:41:29 AM
 #26

i see a floor of somewhere around 40 USD.

spikes of double that.

but really, it's the end of 2012 my game is focused on...
Grant
Full Member
***
Offline Offline

Activity: 210


View Profile
July 10, 2011, 07:06:48 PM
 #27

http://www.youtube.com/watch?v=l91ISfcuzDw Wink
talpan
Full Member
***
Offline Offline

Activity: 228


View Profile
July 10, 2011, 07:12:54 PM
 #28


+1 Cheesy
Grouver (BtcBalance)
Hero Member
*****
Offline Offline

Activity: 530



View Profile WWW
July 10, 2011, 10:11:50 PM
 #29

Its quite hard to predict this.
This is cause many people will base it on how fast it was growing in the past.
But you never know what happens next.
Maybe another major bitcoin website gets hacked.
Maybe Bruce Wagner shoots his tv ad that is gonna be broadcasted around the world up in the air.

Also keep in mind its about real money now, its not about cents or single dollars anymore.
You cannot mine with your sempron cpu anymore, those days are over.
Well you can still mine with it but its currently not profitable.

Though just to pull a  number out of thin air.

I think its gonna be around 30-ish.

netrin
Sr. Member
****
Offline Offline

Activity: 322


FirstBits: 168Bc


View Profile
July 11, 2011, 01:52:46 AM
 #30

1 btc = 1 barrel crude = 3 oz ag = 0.1 oz au = 1000 usd, 25 December 2011

Greenlandic tupilak. Hand carved, traditional cursed bone figures. Sorry, polar bear, walrus and human remains not available for export.
kiwiasian
Full Member
***
Offline Offline

Activity: 168


View Profile
July 11, 2011, 02:14:47 AM
 #31

Ever since June the price has been going down, down, and down....

Really not sure how all of you think it will be worth $30 or more by the end of the year

Tradehill referral link, save 10% | http://www.tradehill.com/?r=TH-R12328
www.payb.tc/kiwiasian | 1LHNW1JGMBo2e7rKiiFz7KJPKE57bqCdEC
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 11, 2011, 02:21:27 AM
 #32

Ever since June the price has been going down, down, and down....

Really not sure how all of you think it will be worth $30 or more by the end of the year

Have you by any chance looked at the prices throughout the past year?
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
July 11, 2011, 02:34:18 AM
 #33

I just had a vision, clear as day.  Here's what's going to happen.  As the police state in the U.S. consolidates its control over every aspect of daily life, very soon they will impose capital controls in order to prevent people from moving money offshore. At this point, the black market for bitcoin will go thru the roof. Sites like ubitex will be discovered, ads will appear on craigslist, rendezvous points will be agreed upon and bitcoin will be one of the ways that people protect their money from confiscatory inflation.

This will be a tough, dangerous environment in which to sell, but those with smarts and courage will be rewarded.  In this scenario, bitcoin price will be high.

That would mean  iPhone made in USA, etc, etc  - this is not going to happen anytime soon. Although I think it would be great for US economy to bring back offshore businesses; tax the hell out of imports - money would naturally circulate in land, no need for police state for that.
You just can't prevent money going outside and keep doing international business. Oil is another big factor in this.
kiwiasian
Full Member
***
Offline Offline

Activity: 168


View Profile
July 11, 2011, 02:57:23 AM
 #34

Ever since June the price has been going down, down, and down....

Really not sure how all of you think it will be worth $30 or more by the end of the year

Have you by any chance looked at the prices throughout the past year?

Yes, it has been going up.
Until June.
Since then it has just been going down and not stopping.
(or lingering in the same price range)

Tradehill referral link, save 10% | http://www.tradehill.com/?r=TH-R12328
www.payb.tc/kiwiasian | 1LHNW1JGMBo2e7rKiiFz7KJPKE57bqCdEC
fennec
Member
**
Offline Offline

Activity: 76



View Profile WWW
July 11, 2011, 03:04:55 AM
 #35

Yes, it has been going up.
Until June.
Since then it has just been going down and not stopping.
(or lingering in the same price range)

There have been several downward periods in the last year. The price rose significantly after each.

Preev – simple Bitcoin converter with live exchange rates
nazgulnarsil
Full Member
***
Offline Offline

Activity: 238


3DES pre-ICO 25/09/17


View Profile
July 11, 2011, 04:32:51 AM
 #36

+1 end of 2012 will be an interesting time.

netrin
Sr. Member
****
Offline Offline

Activity: 322


FirstBits: 168Bc


View Profile
July 11, 2011, 04:41:36 AM
 #37

I'm only worried that when 10 000 dollars and euros buy a troy ounce of gold, the miners won't be able to afford to keep the network lit. Otherwise, I'm shorting euros with bitcoin.

Greenlandic tupilak. Hand carved, traditional cursed bone figures. Sorry, polar bear, walrus and human remains not available for export.
imperi
Full Member
***
Offline Offline

Activity: 196


View Profile
July 11, 2011, 04:43:58 AM
 #38

I really can't wait to see where the price of Bitcoin goes, and the social impact along with it. I think that right now is the calm before the storm, and June was like a gust of wind.
Melbustus
Legendary
*
Offline Offline

Activity: 1638



View Profile
July 11, 2011, 04:50:12 AM
 #39

+1 end of 2012 will be an interesting time.


Why? You think the election will have somehow have an impact, or just that 1.4yrs is about how long it'll take for a number of things to reach critical mass?

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
Rassah
Legendary
*
Offline Offline

Activity: 1680


Director of Bitcoin100


View Profile
July 11, 2011, 05:57:30 AM
 #40

Another group is organized crime, but now we're talking a lot of money at one time.  How would these guys buy enough bitcoin and sell enough bitcoin on the other end to quickly fit within their paradigm?  I don't think bitcoin is ready for big transactions in and out of fiat currencies. 

I think if they started paying all their sources, dealers, and employees in bitcoin, that won't be a problem. Trying to cash out a single $100,000 windfall into USD to pay your workers may be a problem, but splitting that up into smaller chunks to pay that out to all their members, who then each cash out for smaller amounts at various times, should be fairly easy. Bitcoin makes that much easier than any other alternatives I can think of (Lindens work, too, but they're not as convenient/anonymous).
Just speculating here btw.  Tongue

Jaime Frontero
Full Member
***
Offline Offline

Activity: 126


View Profile
July 11, 2011, 06:48:19 AM
 #41

I really can't wait to see where the price of Bitcoin goes, and the social impact along with it. I think that right now is the calm before the storm, and June was like a gust of wind.

yes.

take a look at the Bitcoin Chart.  set it at 1 year, log scale.

look at the peak at the end of the first week of november 2010.

what's happening now - starting with the peak of june 8th - looks exactly the same.  i've never seen that kind of perfect fit, in any financial chart.
opticbit
Hero Member
*****
Offline Offline

Activity: 695


PGP: 6EBEBCE1E0507C38


View Profile WWW
July 11, 2011, 06:52:59 AM
 #42

I think we will see a lot of action as we get close to block 210,000 and shortly after- when the rewards are cut in half.

i'm guessing our next peek will be around 50 usd, in the next few months then drop back to 20 - 30 usd, then up to 60 - 100 usd around the end of this year or beginning of next.

I don't know enough about the economy to make a good prediction, but this is what I see.

I'd like to see what the total value of all the currencies of the world are, and converted to USD, along with a combined inflation rate.  add in a BTC chart of the ratio of global adoption.  

Anyone care to guess the value of a btc when we hit 21M?

Bitrated user: opticbit.
https://www.bitrated.com/opticbit
relative
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 11, 2011, 11:33:48 AM
 #43

ask the miners.
everything depends on when they're cashing out (what they hoarded and the 40% inflation that bitcoin creates this year and is awarded to miners)
cloon
Sr. Member
****
Offline Offline

Activity: 387



View Profile
July 11, 2011, 11:46:57 AM
 #44

that will not have a big influence: if many miners sell a huge amount btc, many people think that they have to buy then when it's cheap. like this, the cours will not collapse... only midterm cheaper

donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
relative
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 11, 2011, 11:51:18 AM
 #45

that will not have a big influence: if many miners sell a huge amount btc, many people think that they have to buy then when it's cheap. like this, the cours will not collapse... only midterm cheaper

at current prices "many people" have to pay the miners 40 million dollars this year.
not including possible sells of previously hoarded coins (or, additional hoarding)

nazgulnarsil
Full Member
***
Offline Offline

Activity: 238


3DES pre-ICO 25/09/17


View Profile
July 11, 2011, 11:51:40 AM
 #46

2012 inflation will be 38%
2013 inflation will be 12%

relative
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 11, 2011, 12:04:05 PM
 #47

was referring to now (7/2011) until 6/2012. 40%.
nazgulnarsil
Full Member
***
Offline Offline

Activity: 238


3DES pre-ICO 25/09/17


View Profile
July 11, 2011, 12:08:43 PM
 #48

was just doing calculations and thought some lazy people might like to know the hard numbers.  Grin

2017 inflation will be under 4%.  IMO that is when things will get VERY interesting VERY quickly.

relative
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 11, 2011, 12:17:27 PM
 #49

let's hope people totally loose faith in bitcoin until then, but at the same time at least some real-world use of bitcoin emerges Cheesy
then I might consider buying some. I'll check every few month if the BTC price is close to 1$.
Steve
Hero Member
*****
Offline Offline

Activity: 868



View Profile WWW
July 11, 2011, 12:19:16 PM
 #50

was just doing calculations and thought some lazy people might like to know the hard numbers.  Grin

2017 inflation will be under 4%.  IMO that is when things will get VERY interesting VERY quickly.

Well, it's already very interesting now...but 2013 at only 12% inflation and with lot's of commerce enabled by well developed and easy to use infrastructure looks very interesting to me.

(gasteve on IRC) Does your website accept cash? https://bitpay.com
Grouver (BtcBalance)
Hero Member
*****
Offline Offline

Activity: 530



View Profile WWW
July 11, 2011, 12:40:47 PM
 #51

Also a funny thing some friend of mine told me.

Everybody that own bitcoins even if it is just a single bitcoin can say its gonna be thousands of dollars at the end of 2011.
This fictive person says this, to cause many people switch over to bitcoin since they get dollar signs in there eyes and most people only see this currently as a investment instead of a real currency you can pay with.
Thus the price highers since more people want to be a part of the game just cause early adopters say its gonna be super duper high.

Summary:

1) Random early adopter who own alot of bitcoins says its gonna be 1000 dollar at the end 2011.
2) Average Joe reads this and trust all other early adotper comments wich say its gonna be super high at the end of 2011
3) He and many other average Joe's buy for $2000 on Mtgox
4) Price highers
5) Profit for early adopters.

Just think about it... Smiley

nazgulnarsil
Full Member
***
Offline Offline

Activity: 238


3DES pre-ICO 25/09/17


View Profile
July 11, 2011, 01:02:36 PM
 #52

wow, did you think of that yourself or did you ask for help from your mom?

when will the price highers more?

Grouver (BtcBalance)
Hero Member
*****
Offline Offline

Activity: 530



View Profile WWW
July 11, 2011, 01:05:03 PM
 #53

wow, did you think of that yourself or did you ask for help from your mom?
Quote from: Grouver
Also a funny thing some friend of mine told me.

Reading is hard...

supersonic3974
Member
**
Offline Offline

Activity: 70


View Profile
July 11, 2011, 01:20:02 PM
 #54

4) Price highers

Grammar is even harder...
Grouver (BtcBalance)
Hero Member
*****
Offline Offline

Activity: 530



View Profile WWW
July 11, 2011, 01:46:48 PM
 #55

4) Price highers

Grammar is even harder...

Ahw you got me there.

Rassah
Legendary
*
Offline Offline

Activity: 1680


Director of Bitcoin100


View Profile
July 11, 2011, 02:22:13 PM
 #56

4) Price highers

Grammar is even harder...

Assuming everyone is from America/UK, and that English is their main language, is kind of a douchebag thing to do, especially on an international forum for an international currency.

lettucebee
Sr. Member
****
Offline Offline

Activity: 434


Spectiv VR Crowdsale: 08/14/17


View Profile
July 11, 2011, 02:32:44 PM
 #57

wow, did you think of that yourself or did you ask for help from your mom?

when will the price highers more?

No need to be cruel.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                   [ Whitepaper ]        [ Website ]                    
    
supersonic3974
Member
**
Offline Offline

Activity: 70


View Profile
July 11, 2011, 02:40:45 PM
 #58

Assuming everyone is from America/UK, and that English is their main language, is kind of a douchebag thing to do, especially on an international forum for an international currency.

I'm not assuming he is from any particular region.  Why do you assume that I'm assuming that or that I'm even from America/UK myself?
TraderTimm
Legendary
*
Offline Offline

Activity: 1974



View Profile
July 11, 2011, 04:04:33 PM
 #59

Oh good, some early-adopter profit whining.

*rolls eyes*

fortitudinem multis - catenum regit omnia
Rassah
Legendary
*
Offline Offline

Activity: 1680


Director of Bitcoin100


View Profile
July 11, 2011, 04:12:09 PM
 #60

Assuming everyone is from America/UK, and that English is their main language, is kind of a douchebag thing to do, especially on an international forum for an international currency.

I'm not assuming he is from any particular region.  Why do you assume that I'm assuming that or that I'm even from America/UK myself?

Because you obviously assumed that English and subsequent grammar was their first language. Also, this ethnocentric douchebaggery is a rather stereotypical American thing (the "Speak English!" crowd)

netrin
Sr. Member
****
Offline Offline

Activity: 322


FirstBits: 168Bc


View Profile
July 11, 2011, 04:26:39 PM
 #61

Assuming everyone is from America/UK, and that English is their main language, is kind of a douchebag thing to do, especially on an international forum for an international currency.

As a douchebag myself, I take offense to being compared to those from America/UK.

Greenlandic tupilak. Hand carved, traditional cursed bone figures. Sorry, polar bear, walrus and human remains not available for export.
supersonic3974
Member
**
Offline Offline

Activity: 70


View Profile
July 11, 2011, 06:27:21 PM
 #62

Assuming everyone is from America/UK, and that English is their main language, is kind of a douchebag thing to do, especially on an international forum for an international currency.

I'm not assuming he is from any particular region.  Why do you assume that I'm assuming that or that I'm even from America/UK myself?

Because you obviously assumed that English and subsequent grammar was their first language. Also, this ethnocentric douchebaggery is a rather stereotypical American thing (the "Speak English!" crowd)

I never said "Speak English!".  My point was that making fun of someone by saying "Reading is hard..." isn't the best stance to take when there are glaring errors in his own post.  Also, it's the internet.  Grow some thicker skin and chill out.
relative
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 11, 2011, 07:17:20 PM
 #63


3) He and many other average Joe's buy for $2000 on Mtgox

god I hope Mtgox offers shortselling by then
Rassah
Legendary
*
Offline Offline

Activity: 1680


Director of Bitcoin100


View Profile
July 11, 2011, 07:57:28 PM
 #64

Assuming everyone is from America/UK, and that English is their main language, is kind of a douchebag thing to do, especially on an international forum for an international currency.

As a douchebag myself, I take offense to being compared to those from America/UK.

Touché!

Pages: 1 2 3 4 [All]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!