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go4nature
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April 27, 2014, 07:33:00 AM
 #281
One million for one bitcoin? You are crazy. For last 3000 years people crazy about gold. Still its price is very low. If bitcoin reaches $1000 i am happy man.
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freedomno1
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April 27, 2014, 08:38:02 AM
 #282
Quote from: go4nature on April 27, 2014, 07:33:00 AM
One million for one bitcoin? You are crazy. For last 3000 years people crazy about gold. Still its price is very low. If bitcoin reaches $1000 i am happy man.

I would also like to see it hit 1K again but guess we all need to wait patiently for a trigger or someone needs to make it lol.
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April 27, 2014, 12:42:38 PM
 #283
Quote from: Swordsoffreedom on April 27, 2014, 07:32:35 AM
Quote from: UnitedColors on April 27, 2014, 07:16:04 AM
Hope no! It would bring the world's economy to an end.

Na it would just mean we have transitioned from a cash based society to a card based one and then onto a digital one with cash elements Smiley

Digital money is already very present but we are still using fiat currencies and outdated systems

The question is will we reach 1,000,000$ or not within 20years : https://bitcointalk.org/index.php?topic=537916.100
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April 27, 2014, 02:29:35 PM
 #284
Quote from: go4nature on April 27, 2014, 07:33:00 AM
One million for one bitcoin? You are crazy. For last 3000 years people crazy about gold. Still its price is very low. If bitcoin reaches $1000 i am happy man.
Gold isn't technologically advanced as Bitcoin.  Cheesy
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April 27, 2014, 02:39:31 PM
 #285
Quote from: LaudaM on April 27, 2014, 02:29:35 PM
Quote from: go4nature on April 27, 2014, 07:33:00 AM
One million for one bitcoin? You are crazy. For last 3000 years people crazy about gold. Still its price is very low. If bitcoin reaches $1000 i am happy man.
Gold isn't technologically advanced as Bitcoin.  Cheesy

Gold has a few advantages that Bitcoin doesn't have though such as an history of store of value and medium of exchange in human history Wink
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April 27, 2014, 03:04:38 PM
 #286
Yeah it would and by that time, a meal would cost 100k USD
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April 27, 2014, 05:04:53 PM
 #287
Quote from: culexevilman on April 27, 2014, 03:04:38 PM
Yeah it would and by that time, a meal would cost 100k USD

A market cap of 1,400billions would set the price of btc to 100,000USD

The hyperinflation could do the rest of the job

(https://bitcointalk.org/index.php?topic=537916.100)
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April 27, 2014, 06:11:13 PM
 #288
Could do!!  A lot needs to improve first, but its possible.  By then the units will have changed anyway.
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Salmon1989
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April 27, 2014, 06:20:00 PM
 #289
Quote from: boumalo on April 27, 2014, 05:04:53 PM
Quote from: culexevilman on April 27, 2014, 03:04:38 PM
Yeah it would and by that time, a meal would cost 100k USD

A market cap of 1,400billions would set the price of btc to 100,000USD

The hyperinflation could do the rest of the job

(https://bitcointalk.org/index.php?topic=537916.100)

With hyperinflation, it would be easy to reach 1 mil USD lol.

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
"apart from a trip to another country, the black market was the only option for almost all goods, and bread might cost Z$10 billion." Cheesy
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April 27, 2014, 07:11:54 PM
 #290
Quote from: Salmon1989 on April 27, 2014, 06:20:00 PM
Quote from: boumalo on April 27, 2014, 05:04:53 PM
Quote from: culexevilman on April 27, 2014, 03:04:38 PM
Yeah it would and by that time, a meal would cost 100k USD

A market cap of 1,400billions would set the price of btc to 100,000USD

The hyperinflation could do the rest of the job

(https://bitcointalk.org/index.php?topic=537916.100)

With hyperinflation, it would be easy to reach 1 mil USD lol.

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
"apart from a trip to another country, the black market was the only option for almost all goods, and bread might cost Z$10 billion." Cheesy


Right but I think bitcoin has the potential to reach a price into the 5digits in 2014 USD within 2years
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