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Author Topic: The Stable Long Term BTC Price.  (Read 2028 times)
bonker
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November 26, 2013, 11:42:18 PM
 #1

OK, what is the long term stable price of BTC?

At some point the majority of those that are are going to be users of BTC will know about and use them. Adopters will have adopted, the masses will be informed and familiar, legislation will be in place and BTC will have matured. But what will be the BTC $ exchange rate?

I'm guessing $1000 is way too low, maybe in 5 years about $100,000 will be the norm.

Any ideas?

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Dragonkiller
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November 27, 2013, 12:01:29 AM
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I'd say somewhere between $10,000 to $100,000. Probably closer to the former.

jojo69
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November 27, 2013, 12:03:52 AM
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If it becomes the de-facto unit of international exchange, quite possible in my view, then a reasonable long term value is about 7,000,000 in today's dollars.

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
donbu7
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November 27, 2013, 12:07:20 AM
 #4

I would say at least 1,000,0000 usd  for that reason buying now BTC as the price now of 950 usd is very very cheap
Primrose
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November 27, 2013, 12:27:57 AM
 #5

Do you realllllllllly think the price of bitcoin will go up to 7 million? it's only 960 dollars, or £597 at the moment.

OR have I misunderstood something?
apologies in advance if I have.
jojo69
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November 27, 2013, 12:30:48 AM
 #6

Do you realllllllllly think the price of bitcoin will go up to 7 million? it's only 960 dollars, or £597 at the moment.

OR have I misunderstood something?
apologies in advance if I have.

yes, yes I do


This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
Primrose
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November 27, 2013, 12:31:59 AM
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WOW, absolultely wow, and lucky are those who have lots of btc. Smiley
BitcoinTraderFX
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November 27, 2013, 01:43:36 AM
 #8

Something you need to consider is the "use" of bitcoin. As a retail purchasing product, I don't see it getting that high.

BUT

If security eventually gets locked down, and people scared of their country's own currency (greece, spain, new jersey), and they see bitcoin as an alternative holding product (like gold), then it could go really high. One scare in their country, and they don't care what the price of bitcoin is, they are going to convert as much money as they can into bitcoin.

Now that is a different story for bitcoin continuing to grow and grow.

: )

cj

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CMMPro
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November 27, 2013, 02:01:36 AM
 #9

Something you need to consider is the "use" of bitcoin. As a retail purchasing product, I don't see it getting that high.

BUT

If security eventually gets locked down, and people scared of their country's own currency (greece, spain, new jersey), and they see bitcoin as an alternative holding product (like gold), then it could go really high. One scare in their country, and they don't care what the price of bitcoin is, they are going to convert as much money as they can into bitcoin.

Now that is a different story for bitcoin continuing to grow and grow.

: )

cj

The price of a whole bitcoin is irrelevant "as a retail purchasing product"....I would say that for most transactions it already is irrelevant...unless you are spending thousands on a product you are already dealing in Satoshi's.
 
By the time if/when it ever gets to the $1m level it will be regularly denoted in Satoshi's. A cup of coffee from Starbucks is 35 Satoshi's etc.

You will probably use them without knowing or realizing that you are buying and selling them on the fly as you need to.
You will just be using your debit/credit card as usual....in the background all the processing and conversions (if needed at that point) will be performed.

All online transactions will be done in XBT in the interest of security...and government taxation/tracking...once that happens they WILL be worth an enormous amount of money. How much is anyone's guess.
 









bonker
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November 27, 2013, 08:00:41 AM
 #10

Something you need to consider is the "use" of bitcoin. As a retail purchasing product, I don't see it getting that high.


You have a point. But I see BTC's two big use are in online purchases, where confirmation time is not such as issue and in international trade where exchange rate fluctations are removed. For these two alone BTC should go to the moon. $1k is cheap right now

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Lewis2
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November 27, 2013, 09:35:25 AM
 #11

Nobody can underline it's position with arguments, and the one person who does supports it with a graph on consumer electronics? Come on guys, nobody knows and will know untill we are there. $7000000 is completely random and you know it.

Lethn
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November 27, 2013, 11:45:11 AM
 #12

The BTC/FIAT will never be stable because paper money is always extremely volatile purely because central banks have the ability to print it from thin air, if you want stability trade in cryptocurrency, gold or silver.
Lewis2
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November 27, 2013, 12:00:42 PM
 #13

The BTC/FIAT will never be stable because paper money is always extremely volatile purely because central banks have the ability to print it from thin air, if you want stability trade in cryptocurrency, gold or silver.

But the big currencies don't print from thin air and are stable because they are regulated by central banks. Except for Zimbabwean dollars your argument doesn't fly. 

Lethn
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November 27, 2013, 12:18:36 PM
 #14

The BTC/FIAT will never be stable because paper money is always extremely volatile purely because central banks have the ability to print it from thin air, if you want stability trade in cryptocurrency, gold or silver.

But the big currencies don't print from thin air and are stable because they are regulated by central banks. Except for Zimbabwean dollars your argument doesn't fly. 

lol 'regulated' by central banks Cheesy
xxnewbiecoinerxx
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November 27, 2013, 01:30:24 PM
 #15

Do you realllllllllly think the price of bitcoin will go up to 7 million? it's only 960 dollars, or £597 at the moment.

OR have I misunderstood something?
apologies in advance if I have.

yes, yes I do



+1
Ibian
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November 27, 2013, 01:46:36 PM
 #16

The BTC/FIAT will never be stable because paper money is always extremely volatile purely because central banks have the ability to print it from thin air, if you want stability trade in cryptocurrency, gold or silver.

But the big currencies don't print from thin air and are stable because they are regulated by central banks. Except for Zimbabwean dollars your argument doesn't fly. 
Where do you think inflation comes from? It's a direct result of more money being printed every single day.

300k or higher. It will stabilize many years after it starts being commonly used.

There is no bubble.
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