Bitcoin could be worth 100x more than today.

[Rluner]

http://www.cnbc.com/id/101190181

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[AnonyMint]

The elite are using their media to pump up their one-world currency.

The dystopian outcome is well underway.

Bilderbergs are laughing at how gullible and stupid we are. Justifies viewing us as cows or produce for harvesting.

[Barnacle_Ed]

Title needs to be amended: Bitcoin could be worth 100x more than today...if you trust the Winklevii.



That's a pretty big "gotcha".

[ajax3592]

But before that they need to fall 2x so that I can buy my first ones. 

[BitchicksHusband]

Title needs to be amended: Bitcoin could be worth 100x more than today...if you trust the Winklevii.



That's a pretty big "gotcha".

Since it has demonstrably gone up 10× every year and even conservative people think $35,000 per bitcoin is doable, there's really not that much of a gotcha.  (The highest reasonable estimates are around $300,000 per bitcoin, which would mean it could be worth 1000× what it is today.)

[Barnacle_Ed]

Title needs to be amended: Bitcoin could be worth 100x more than today...if you trust the Winklevii.



That's a pretty big "gotcha".

Since it has demonstrably gone up 10× every year and even conservative people think $35,000 per bitcoin is doable, there's really not that much of a gotcha.  (The highest reasonable estimates are around $300,000 per bitcoin, which would mean it could be worth 1000× what it is today.)

Because hyped growth is always sustainable right?

Call me a pessimist but I have trouble believing that Bitcoin will continue this meteoric rise in value.

[MaxBTC1]

According to Winkle and Weener who have a huge amount anyway..

[Davyd05]

It's over all very optimistic.. but then again they're dropping millions into it because of said optimism

[Sythyn]

$100,000? wohoo, I will be millionaire if I have 10 BTC now!!

[wobber]

$100,000? wohoo, I will be millionaire if I have 10 BTC now!!

It's too much. Nobody will pay that amount for 1 coin. Not even 10,000 for 0.1 or 1000 for 0.01. It's insane.

1000-3000? Maybe...

[nobbynobbynoob]

$100,000? wohoo, I will be millionaire if I have 10 BTC now!!

It's too much. Nobody will pay that amount for 1 coin. Not even 10,000 for 0.1 or 1000 for 0.01. It's insane.

1000-3000? Maybe...

We'll be talking about mBTC and satoshi long before then. In fact, we ought to start now - exchanges and chart sites, etc., over to you.

[Sindelar1938]

One step at a time

1000 sustainably helps build a beach head

[johncarpe64]

$100,000? wohoo, I will be millionaire if I have 10 BTC now!!

It's too much. Nobody will pay that amount for 1 coin. Not even 10,000 for 0.1 or 1000 for 0.01. It's insane.

1000-3000? Maybe...

I once remember people said that when Bitcoin were 1 cents each...

[beetcoin]

$100,000? wohoo, I will be millionaire if I have 10 BTC now!!

It's too much. Nobody will pay that amount for 1 coin. Not even 10,000 for 0.1 or 1000 for 0.01. It's insane.

1000-3000? Maybe...

but what makes you the judge of how much people will pay for a bitcoin? as of today, no one would pay $100,000 for a bitcoin.. obviously. but that doesn't mean it won't change tomorrow or the year or decade after.

it may happen or it may not, especially if you consider how much the economy is reaching a tipping point and the current currency system will implode on itself.

[bitrider]

$100,000? wohoo, I will be millionaire if I have 10 BTC now!!

It's too much. Nobody will pay that amount for 1 coin. Not even 10,000 for 0.1 or 1000 for 0.01. It's insane.

1000-3000? Maybe...

I once remember people said that when Bitcoin were 1 cents each...

Yes, I agree that "10000 is too much for one coin" argument is very weak. And flys in the face of all evidence to date. It is all about perceived present and future value. I have no certainty as to what we will think is fair value for a "coin" in 5 years. (I'm questimating at the moment $25,000/BTC in today's dollars.) What's FB worth? Or twitter? or Apple, or anything that used to be worth nothing and is now valued at astronomical prices? We will pay/exchange what we think it is worth - as always.

[Lauda]

When btc was less than a cent, people thought it would never reach $1. When it was $1 they said that it would never pass $10 and so goes the story, everytime.

[androsyn]

My question is, what keeps BTC from breaking the Us$400 threshold? I noticed it bumps up and down around that value

[irpirate]

It could be worth 100x more one day. But there's no guarantee behind this. They're all just speculations 

[Hawker]

http://en.wikipedia.org/wiki/Economy_of_Cyprus

The GDP of Cyprus is $23 billion.  If it switched from the Euro to Bitcoin and if it could magically get all 12 million Bitcoin that have ever been minted, each Bitcoin would be worth about $1900.

Of course they could not get all the Bitcoin that have already been minted.  Its likely that they would struggle to get even half of the Bitcoin in circulation.  So each Bitcoin would then be worth $3800.

Now that assumes that the Cypriots acquire the Bitcoin secretly.  If its done transparently, everyone else will be buying Bitcoin as well and we can assume that the price would at least triple.  So each Bitcoin would be worth $11,400.

Cyprus is a tiny bankrupt island that is half occupied by a foreign army.  If Bitcoin adoption in such a small place shoves the value up so much, its hard to reckon what a mainstream adoption would mean in a major economy.  An increase of 100 times is small beer.  We are sitting on the greatest investment vehicle ever minted.

[BitchicksHusband]

I think I'll hold my coins until their ETF comes out.  That sounds like a lot of 401k and IRA money coming into bitcoin very quickly (including about 25% of my 401k and IRAs).