anonthewizard404
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November 22, 2013, 02:23:32 PM |
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If it keeps rising like it is now, it should be to that in 30-40 years. But like all markets, they crash. So don't expect it to get that high
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cowandtea
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November 22, 2013, 02:30:11 PM |
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I was going to say never but after seeing what happen to the price in few weeks time I am saying... 3 years
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oyeTorry
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November 22, 2013, 02:33:04 PM |
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No one can really afford to buy or use a full BTC in today's market.
Yes I still can afford buying 1 BTC But later on it will be extremly unlikely as there are 12 million BTC in circulation right now and when adoption grows, not everyone can have full BTC at any time
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ddbla
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November 22, 2013, 03:42:23 PM |
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Do you know what's depressing? I was trading hundreds of BTCs for fun years ago... Now I read about BTCs again... and the only thing i can think of is WTF! WTF! WTF! :/
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mineradam
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November 22, 2013, 03:48:59 PM |
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The prise rockets abnormal highs last days. But it's good because a lot of newspapers started write about bitcoin. Every day more and more people are getting familiar with it.
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durdenBTC
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November 23, 2013, 02:34:39 PM |
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The prise rockets abnormal highs last days. But it's good because a lot of newspapers started write about bitcoin. Every day more and more people are getting familiar with it.
Doesn't that risk a bubble as more hype goes into it?
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omega33
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November 23, 2013, 03:03:09 PM |
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if btc reaches these level, government will hunt btc users down and tax them
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Vexatious
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November 23, 2013, 03:12:10 PM |
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I don't view it as a bubble. Demand is outpacing supply at the moment. It's not a stock, it's a currency. It's "value" compared to fiat isn't determined by trade imbalances and balance sheets, the determination of it's value is driven by demand. An overall movement from many countries moving into bitcoin as either a hedge or speculation.
There are many variables at play and it's still very, very early...
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BTC Address: 1LKrhNXUDBZANdtqzE3Au9xjFHVCADfc9S SolarCoin address: 8dDpPHrRBedyWBzxvbXD3paGkDjJkPRN2i
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Vexatious
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November 23, 2013, 03:20:04 PM |
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Also, when it DOES reach $100,000, that's gonna say WAY more about the value of the US dollar than it does about the value of bitcoin.
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BTC Address: 1LKrhNXUDBZANdtqzE3Au9xjFHVCADfc9S SolarCoin address: 8dDpPHrRBedyWBzxvbXD3paGkDjJkPRN2i
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PenAndPaper
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November 23, 2013, 03:30:36 PM |
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If it keeps rising like it is now, it should be to that in 30-40 years. But like all markets, they crash. So don't expect it to get that high
Do the math again. If it keeps rising like that it will be in 100k in less than 2 years.
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zendantom
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November 23, 2013, 03:45:35 PM |
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if btc reaches these level, government will hunt btc users down and tax them
Sure, always pay your taxes afer you sell BTC It must be done today as well.
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Martijnvdc
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November 23, 2013, 03:46:20 PM |
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just a warning... extrapolating is dangerous as f*ck. I wouldn't use the value history of bitcoin a measure for it's future value. There are just way too many external factors.
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Ibian
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November 23, 2013, 05:05:43 PM |
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just a warning... extrapolating is dangerous as f*ck. I wouldn't use the value history of bitcoin a measure for it's future value. There are just way too many external factors.
The answer to that is still no. The only variables are supply and demand. The supply is well known. The demand is rising. Price goes up because it has to. Look up the blackboard vids on youtube. Should give a clearer understanding.
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Look inside yourself, and you will see that you are the bubble.
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nerFohanzo
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November 23, 2013, 05:18:30 PM |
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just a warning... extrapolating is dangerous as f*ck. I wouldn't use the value history of bitcoin a measure for it's future value. There are just way too many external factors.
The answer to that is still no. The only variables are supply and demand. The supply is well known. The demand is rising. Price goes up because it has to. Look up the blackboard vids on youtube. Should give a clearer understanding. Nope, you cant predict when and how many bitcoins will be sold tommorow. Thats why the crashes, dumping a lot of coins at once
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Ibian
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November 23, 2013, 05:35:56 PM |
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just a warning... extrapolating is dangerous as f*ck. I wouldn't use the value history of bitcoin a measure for it's future value. There are just way too many external factors.
The answer to that is still no. The only variables are supply and demand. The supply is well known. The demand is rising. Price goes up because it has to. Look up the blackboard vids on youtube. Should give a clearer understanding. Nope, you cant predict when and how many bitcoins will be sold tommorow. Thats why the crashes, dumping a lot of coins at once Tomorrow doesn't matter. Nor the next month, really. The important part is the trend over time. And it's not going up less now than it did in the previous several years. I'm confused as to why you bolded the part you did but no matter.
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Look inside yourself, and you will see that you are the bubble.
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TomCoin
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November 23, 2013, 05:38:15 PM |
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i own 10 btc by now. and i hope i can buy an apartment or house some day. yes i am a dreamer
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Kiki112
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November 23, 2013, 05:59:26 PM |
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i own 10 btc by now. and i hope i can buy an apartment or house some day. yes i am a dreamer how much did you invest and when did you buy those bitcoins, how big was the price then?
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va23boam
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November 23, 2013, 06:31:05 PM |
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i think the price of 1 BTC in 6 months time will be around 1500usd +/- but will be a mission to mine as the difficulty will be huge!
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Currently Mining: BTC,ETH,SC
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metaverse22
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November 23, 2013, 06:46:52 PM |
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Maybe 2040.. Or it wont, because bitCoin will be raplaced by USDollar cyrtocurrency..
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TomCoin
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November 23, 2013, 06:49:29 PM |
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i own 10 btc by now. and i hope i can buy an apartment or house some day. yes i am a dreamer how much did you invest and when did you buy those bitcoins, how big was the price then? i invested 1000$ to buy them some months ago.
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