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Author Topic: Is Bitcoin realistically likely to rise to $42,000?  (Read 1377 times)
Aphos (OP)
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December 06, 2013, 05:15:19 AM
 #1

I read an article somewhere that claimed the founders of bitcoin estimate the price will, at some point, reach $42,000. Could this be possible in the foreseeable future/is there a limit to how much it can be worth?
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VolanicEruptor
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December 06, 2013, 05:17:17 AM
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the "founders" of bitcoin?  Since when have they ever said that .. I don't believe it

Aphos (OP)
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December 06, 2013, 05:18:44 AM
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the "founders" of bitcoin?  Since when have they ever said that .. I don't believe it
To be honest, the article seemed rather sketchy. Let me see if I can't find it...
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December 06, 2013, 05:22:32 AM
 #4

Yes, now because you asked, I will share the secret: bitcoin will rise to 42,000. It's actually 42,802, a number which is hardcoded cryptographyally in the first blocks ever mined. The message satoshi left.


If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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December 06, 2013, 08:10:49 AM
 #5

Nope,

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
Marbit
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December 06, 2013, 08:13:24 AM
 #6

$420k would be a nice number. that seems a better target.
Le Happy Merchant
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December 06, 2013, 08:23:51 AM
 #7

I read an article somewhere that claimed the founders of bitcoin estimate the price will, at some point, reach $42,000. Could this be possible in the foreseeable future/is there a limit to how much it can be worth?

I have read some quotes of Satoshi discussing the valuation with another guy though I can remember his name.

In the discussion Satoshi acknowledged that if Bitcoin caught on, each Bitcoin would be worth millions. He never claimed that it would though.

Bitbuy
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December 06, 2013, 08:33:08 AM
 #8

Yes, now because you asked, I will share the secret: bitcoin will rise to 42,000. It's actually 42,802, a number which is hardcoded cryptographyally in the first blocks ever mined. The message satoshi left.



Thank you for revealing the secret! Speculation awaaaaaaaaaaaaay!
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December 06, 2013, 09:08:39 AM
 #9

That would be around 10% of all known physical currency in circulation.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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December 06, 2013, 09:19:27 AM
 #10

take all of these numbers with a grain of salt. there are a lot of people that know more about me in finances (almost infinitely), but even those people have no idea... because they have nothing to base bitcoin on. no currency or commodity ever seen in the history of mankind has enough similar qualities to bitcoin.
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December 06, 2013, 10:06:54 AM
 #11

I read an article somewhere that claimed the founders of bitcoin estimate the price will, at some point, reach $42,000. Could this be possible in the foreseeable future/is there a limit to how much it can be worth?

Not founders but Winklewoss brothers, big investors.

Anyway, saying such a precise numbers is just retarded. It might go to 500, 5000, 50000 but to use 42k is just plain marketing bullshit.

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Ibian
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December 06, 2013, 10:38:11 AM
 #12

That would be around 10% of all known physical currency in circulation.
So less than 1% of the actual money in the economy.

Look inside yourself, and you will see that you are the bubble.
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