h3nkthesupertank
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November 23, 2013, 06:52:35 PM |
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Would there be any maximum for BTC? Didn't think so, but it can't be to infinity
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Hindsight
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November 23, 2013, 07:01:04 PM |
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The future of the Bitcoin is uncertain, so it's hard to tell. It will take time for the world to embrace and trust the Bitcoin (assuming the Bitcoin won't be replaced by another peer-to-peer digital currency, like Litecoins), but if it happens than Bitcoin can reach that value. Of course I can't see in the future but my guess would be that it would happen in the year 2038. Lets say 17 May 2038...
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metaverse22
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November 23, 2013, 07:07:40 PM |
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It wont be worth 100,000 per BTC. More likely, US will intervene so it wont happen.
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yuriy128
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November 23, 2013, 07:18:22 PM |
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I foresee a big government take over in a few years, they will realize how much tax potential there is in bitcoins and will want a piece...
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mstfck
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I was hacked. Sorry for any scam that occured.
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November 23, 2013, 07:31:33 PM |
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Maybe up to 1k, but not 100k. Maybe after all of the bitcoins are mined. So not in this decade.
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I was inactive on this forum and apparently someone got my credentials and used my account in scams. I have changed the password and I am sorry for any scam that occured.
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MAbtc
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November 23, 2013, 08:29:49 PM |
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Could be 5 years, could be 20. Could be never. Bitcoin could go to $0.
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WayTooGosu
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November 23, 2013, 09:48:30 PM |
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I really doubt this will happen my friend, maybe not even in this century. Unless the American dollar goes down the drain.
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panck4beer
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November 23, 2013, 10:06:34 PM |
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I really doubt this will happen my friend, maybe not even in this century. Unless the American dollar goes down the drain.
You underestimate how much some ideas are worth when going mainstream, like facebook or google.
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marcovaldo
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November 23, 2013, 10:48:35 PM |
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That is the only way I will become a millionaire..... screw petty gains, $1000/BTC is nothing
I want to buy Microsoft with my btc too.....
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tarena
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November 24, 2013, 04:11:57 AM |
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people need to understand, the biggest supporters of the 100,000 dollar bitcoin are those who are early adopters of bitcoin. They want to hype it up, because the more people who buy in at high prices the more they make. Use your common sense, what human would value a set of numbers at tens of thousands of dollars, versus physical goods?
This type of thinking is completely contrary to the purpose of bitcoin. It should be used as currency, not as a volatile speculative, asset/stock investment. The current growth rates aren't sustainable, just simply not. Imagine you don't own any bitcoins, and you want to start using them. Are you going to spend all your money on btc or some other crypto that is cheaper and more suitable to what you intend to use.
BTC is going to be a reserve currency that other currency will be measured in, it's missing the mark as pr an actual transactional currency. It would be just as easy for a vendor to accept ltc, xpm, ppc, etc as btc. Just as cc machines accept visa, mastercard, discover, amex, etc. Any technology or publicity gained by BTC, will also be gained for alternative currencies. There are also many cases in history where the forerunner has been outdone by a competing alternative. I like to use oreo's as an example, because they were the knock off cookie at the time they began.
Although you can buy .000001 bitcoins, that doesn't mean people like to trade in that type of number. People are much more willing to trade in 10,000 or 100,000 $ bills (as in countries like Indonesia, Vietnam, etc) then in .000001 whatever. There are so many currencies in the world coexisting, there is no reason to believe why crypto will not do the same.
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tarena
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November 24, 2013, 04:19:23 AM |
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I really doubt this will happen my friend, maybe not even in this century. Unless the American dollar goes down the drain.
You underestimate how much some ideas are worth when going mainstream, like facebook or google. You need to understand that it remains to be determined if BTC is actually the facebook or google, and not actually the myspace, or aol. Being the first isn't synonymous with being the best. Even if it were, their respective exponential growth rates happened for a limited time only, and today they are growing at much smaller rates. More sustainable rates, I might add. And a sustainable rate is much better for the future of anything then an exponential one. Keeping in mind that things can exponentially decrease as well. This tremendous period of growth for BTC is normal as critical mass takes place, however, it cannot be expected to maintain. The volatility is a turn off to new adopters, and new adopters are what the future of this currency depends on for its success.
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howzar
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November 24, 2013, 05:09:28 AM |
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I doubt it will be this expensive anytime in the coming years,even positive people suggest things like 2000-3000 dollars but getting 100,000 dollars for each BTC seems too far.
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samsam
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November 24, 2013, 05:19:44 AM |
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The problem with these dreams of bitcoin being at $100,000 per BTC is that the early adopters will always cash in a much lower prices in order to buy real assets: a house, a new car, a new jet, etc... After all, money is needed to buy things.
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PenAndPaper
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November 24, 2013, 05:21:54 AM |
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There are so many currencies in the world coexisting, there is no reason to believe why crypto will not do the same.
Those currencies are national currencies and there are political reasons on top of economical ones for their coexistance. In the cryptoworld for an alt coin to rise against bitcoin or even to coexist along side with bitcoin it must bring something new to the table. And no lowering confirmation times isn't that type of new. Just keep in mind that 2 years ago the price was 1$. Imagine what people would think of someone that was saying back then that the price will rise to 1000$. And for the price to move from 1000$ to 100.000$ is much easier and more probable than a rise from 1$ to 1000$
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bitcoinlat
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November 24, 2013, 05:26:09 AM |
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Bitcoin needs to be heavily exchanged in the product and services market in order for it to be sustainable.
As I see it the market will keep growing, making it more stable. In the next year or so the current price will keep rising because of speculation, with many intermediate corrections.
I don't think it will hit $100k, unless the dollar goes bust. And in that case the big bucks will probably flee to gold and silver.
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Ibian
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November 24, 2013, 07:35:25 AM |
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Gold and silver are not as secure as bitcoin. For the simple reason that physical assets can be seized, while bitcoin can not. Serious Money have people to take care of the technical details for this kind of stuff, all they need is the big picture.
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Look inside yourself, and you will see that you are the bubble.
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Sindelar1938
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November 24, 2013, 08:02:10 AM |
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I can see 15-20k usd per coin, 100k looks very optimistic
Who knows though?
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SemiMolten
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November 24, 2013, 08:32:47 AM |
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Yeah, in the next century.
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Jochen
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November 24, 2013, 11:15:03 AM |
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I also think that the use of wallets need to be more user-friendly. People get problems with the updates on the wallet(no more data anymore after update) or don't know how to backup properly and its also not well explained.. For regular people this can be an issue not to start with Bitcoins what needs to get fixed soon..
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timmyd
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November 24, 2013, 11:37:18 AM |
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this time next year btc will be 100,000 i hope
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