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Author Topic: Will Dollar worth 0.0001 BTC one day  (Read 5567 times)
icem3lter
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December 13, 2013, 06:18:51 PM
 #101

u can probably sell 0.0001 BTC for $1 on ebay

Your right, ebay price per BTC is crazy. Dont know if it buy real people or some shills.

MoneyGod (OP)
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December 13, 2013, 08:38:45 PM
 #102

In my opinion bitcoin cant get that value propably it just cant because of market.
I sure bitcoin can get that value and its not for away from us you must watch this very soon

DodoB
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December 13, 2013, 09:08:32 PM
 #103

maybe in 10 years from now.
wasi90lk
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December 13, 2013, 09:32:42 PM
 #104

I doubt it will happen.

In order for it to happen, the value of BTC has to be $10,000.
waqas
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December 13, 2013, 09:43:04 PM
 #105

I doubt it will happen.

In order for it to happen, the value of BTC has to be $10,000.

once its touch 1500$ then you watch how quickly its going up and where to touch  Grin

nahtnam
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December 14, 2013, 01:14:31 AM
 #106

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Pretty much anything's possible.

If the large investors get spooked and want out no matter what, the price will tend to go down dramatically. If they're not spooked, and just would like to get out at a certain price point, the price will tend to hover slightly below that price point.

At a million dollars, they wouldnt be spooked, but excited!

ferda2mx
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December 14, 2013, 01:27:53 AM
 #107

maybe in 10 years from now.

Yes, slowly rise would be healthy for Bitcoin, quick rises are dangerous
nahtnam
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December 14, 2013, 02:10:32 AM
 #108

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Pretty much anything's possible.

If the large investors get spooked and want out no matter what, the price will tend to go down dramatically. If they're not spooked, and just would like to get out at a certain price point, the price will tend to hover slightly below that price point.

At a million dollars, they wouldnt be spooked, but excited!

So excited that instead of selling they'll be buying more?

Yes, they have 100 btc bought at 100 dollars. Why woundnt they?

panck4beer
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December 14, 2013, 02:33:06 AM
 #109

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Pretty much anything's possible.

If the large investors get spooked and want out no matter what, the price will tend to go down dramatically. If they're not spooked, and just would like to get out at a certain price point, the price will tend to hover slightly below that price point.

At a million dollars, they wouldnt be spooked, but excited!

So excited that instead of selling they'll be buying more?

Yes, they have 100 btc bought at 100 dollars. Why woundnt they?

Because they would have to pay a lot of taxes from the income  Tongue

nahtnam
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December 14, 2013, 02:37:59 AM
 #110

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Pretty much anything's possible.

If the large investors get spooked and want out no matter what, the price will tend to go down dramatically. If they're not spooked, and just would like to get out at a certain price point, the price will tend to hover slightly below that price point.

At a million dollars, they wouldnt be spooked, but excited!

So excited that instead of selling they'll be buying more?

Yes, they have 100 btc bought at 100 dollars. Why woundnt they?

Because they would have to pay a lot of taxes from the income  Tongue

They would still have atleast 50 mil.

mindfulmojo
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December 14, 2013, 02:42:37 AM
 #111


If it ever reaches that point, it's game over for the dollar anyway.

So the basic premise is over...  Cry

You might as well ask is how much 0.0001 btc is worth of kindling for a fire.
Harley997
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December 14, 2013, 03:09:52 AM
 #112

i don't like these reverse denominator headgames.... Cool

and yes

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PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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mindfulmojo
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December 14, 2013, 03:33:13 AM
 #113


Good point... look at http://www.coinflation.com/

A penny from 1982 is worth more than a penny.

A US nickel will always be worth something,

because right now, well it's made out of nickel.
nahtnam
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December 14, 2013, 03:53:20 AM
 #114

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Pretty much anything's possible.

If the large investors get spooked and want out no matter what, the price will tend to go down dramatically. If they're not spooked, and just would like to get out at a certain price point, the price will tend to hover slightly below that price point.

At a million dollars, they wouldnt be spooked, but excited!

So excited that instead of selling they'll be buying more?

Yes, they have 100 btc bought at 100 dollars. Why woundnt they?

Why would the price they paid for their 100 btc matter?

Well if they bought a btc for 999,999, they wouldnt sell at 1 mil. But if they bought at 100 they would probably sell.

BBert
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December 14, 2013, 04:12:47 AM
 #115

Whatever it gets to/stops at, I'm just hoping for a long and steady life for it.
Mondy
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December 14, 2013, 04:32:45 AM
 #116

No way. My op. that would be WAY TOO HIGH

MoneyGod (OP)
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December 14, 2013, 07:11:40 PM
 #117

No way. My op. that would be WAY TOO HIGH


I don't think its too high I sure very soon we got this  Grin

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December 14, 2013, 08:59:37 PM
 #118

I'm going to go with yes.  I think this isn't gong to happen for a very long time.  Many things to be considered for this to happen but I can't see why it would be out of the realm of possibility.

gongomanny
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December 14, 2013, 09:03:48 PM
 #119

No way. My op. that would be WAY TOO HIGH


I don't think its too high I sure very soon we got this  Grin


Very likely not next year, if you mean very soon this.
Simply it is a lot of money
torry28
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December 14, 2013, 09:51:03 PM
 #120

If anything the person who bought at 100 should be less willing to sell, due to the income taxes.


I agree the income taxes are good reason not to sell. Better is spend the coins
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