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Author Topic: How Much Lower are We Going? Already at $2.25 !!!  (Read 18350 times)
CoinCidental
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February 11, 2015, 06:06:22 AM
 #121

That is a hilarious thread, thanks for resurrecting it  Cheesy

I think there was a $1 bitcoin, wasn't there? So OP was right. I am pissed I did not buy these expensive $2.25 bitcoins (didnt know about it  Cry )

So could it be that we see $100 bitcoins and people buying them at 220 now, will still be OK in 5 years?  Grin

exactly ,but most  are thicker than pigshit and  want instant profits
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CoinCidental
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February 11, 2015, 06:57:24 AM
 #122

All these people posting with such certainity...

Bitcoin could still fail, don't get overconfident. Overconfidence about the outputs of a large system (i.e. 7bil irrational humans running around buying, selling, socializing, governing, inventing, and doing wacky things) often indicates that one does not truly grasp the true complexity of the system.

If I had to guess, I would think that the jump from 5bil market cap to 50bil market cap is going to be much more challenging than any prior growth periods. That isn't to say it won't happen tho Smiley

it doesnt have to jump from 5B to 50B
5-10
5-20
5-30etc would all be good too over a certain time period

market cap is only useful for today ,its impossible to put a time frame on a 50B marketcap
it could happen in 2 years or 10  or 20 or never ...........
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February 11, 2015, 07:54:54 AM
 #123

so $2 to $1200 is 600x, then 600x$200 is what? 12,000?

120,000

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February 11, 2015, 03:15:41 PM
 #124

There are alot more of these threads from where this one came. 
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February 11, 2015, 05:15:16 PM
 #125

There are alot more of these threads from where this one came. 

Like this one?

https://bitcointalk.org/index.php?topic=35956

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February 11, 2015, 06:19:12 PM
 #126

so $2 to $1200 is 600x, then 600x$200 is what? 12,000?

I think you're missing a zero  Wink

two or three even?  Wink
like so 000120000
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February 11, 2015, 11:03:08 PM
 #127

There are alot more of these threads from where this one came. 

are there any threads where early adopters start to realize they are millionaires and then later on show off their lambos?
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February 12, 2015, 01:01:03 AM
 #128

There are alot more of these threads from where this one came. 

are there any threads where early adopters start to realize they are millionaires and then later on show off their lambos?

seem to be deleted now for some reason ( maybe tax lol ) but there was a few in the past

http://articles.latimes.com/2013/dec/12/local/la-me-ln-lamborghini-bitcoin-20131212
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February 12, 2015, 01:44:54 AM
 #129

There are alot more of these threads from where this one came. 

are there any threads where early adopters start to realize they are millionaires and then later on show off their lambos?

seem to be deleted now for some reason ( maybe tax lol ) but there was a few in the past

http://articles.latimes.com/2013/dec/12/local/la-me-ln-lamborghini-bitcoin-20131212

Ooh, I hope they didn't HODL  Grin

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February 12, 2015, 03:02:52 AM
 #130

There are alot more of these threads from where this one came. 

are there any threads where early adopters start to realize they are millionaires and then later on show off their lambos?

seem to be deleted now for some reason ( maybe tax lol ) but there was a few in the past

http://articles.latimes.com/2013/dec/12/local/la-me-ln-lamborghini-bitcoin-20131212

Ooh, I hope they didn't HODL  Grin

the smart would have cashed a few to live in relative comfort  and hodled the rest
anyone who thinks btc cant go higher than the last ATH is deluded

last time was a crazy speculative bubble ,next time there will be solid network and foundations to support crazy spurts of growth .........watch,listen and learn Cheesy
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February 12, 2015, 03:51:56 AM
 #131

There are alot more of these threads from where this one came.  

are there any threads where early adopters start to realize they are millionaires and then later on show off their lambos?

seem to be deleted now for some reason ( maybe tax lol ) but there was a few in the past

http://articles.latimes.com/2013/dec/12/local/la-me-ln-lamborghini-bitcoin-20131212

Ooh, I hope they didn't HODL  Grin

the smart would have cashed a few to live in relative comfort  and hodled the rest
anyone who thinks btc cant go higher than the last ATH is deluded

last time was a crazy speculative bubble ,next time there will be solid network and foundations to support crazy spurts of growth .........watch,listen and learn Cheesy

That was a car dealership. A dealership that sells cars of $100k+. They aren't into speculation, at least not enough to keep many coins.They see Bitcoin as another avenue to profits. I fully believe there will be a new ATH eventually, but they would be idiots to hold those coins in the hopes of selling higher. The coins spent on that Lambo are worth a whopping $20k now. You can barely get a Honda for that. Sadly enough, that Honda would last longer Tongue

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February 12, 2015, 04:02:43 AM
 #132


That was a car dealership. A dealership that sells cars of $100k+. They aren't into speculation, at least not enough to keep many coins.They see Bitcoin as another avenue to profits. I fully believe there will be a new ATH eventually, but they would be idiots to hold those coins in the hopes of selling higher. The coins spent on that Lambo are worth a whopping $20k now. You can barely get a Honda for that. Sadly enough, that Honda would last longer Tongue

The Honda is also a lot cheaper to insure.

~goat and I seem to have done some cashing out at about the same time.  I was patting myself on the back for investing in some property instead of blowing it on an expensive car.  Then I found out just how badly a guy gets fucked by the various government agencies when trying to do things with land.  A word of advice to anyone who takes an interest in land.  This:

  http://habitat.igc.org/vancouver/vp-d.htm

Read the policy prescriptions.  They are nearly and exact match for what we find here in the U.S. at this time.  I cannot imagine what it must be like in 'socialist' European countries!


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February 12, 2015, 09:34:44 AM
 #133

There are alot more of these threads from where this one came. 

are there any threads where early adopters start to realize they are millionaires and then later on show off their lambos?

seem to be deleted now for some reason ( maybe tax lol ) but there was a few in the past

http://articles.latimes.com/2013/dec/12/local/la-me-ln-lamborghini-bitcoin-20131212

That is an awesome article, laszlo was buying pizza for BTC10,000 in mid 2010 and this guy is buying a Lamborghini for BTC91.4 in late 2013

How volatile can you get  Grin

CoinCidental
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February 12, 2015, 11:48:15 AM
 #134

There are alot more of these threads from where this one came.  

are there any threads where early adopters start to realize they are millionaires and then later on show off their lambos?

seem to be deleted now for some reason ( maybe tax lol ) but there was a few in the past

http://articles.latimes.com/2013/dec/12/local/la-me-ln-lamborghini-bitcoin-20131212

Ooh, I hope they didn't HODL  Grin

the smart would have cashed a few to live in relative comfort  and hodled the rest
anyone who thinks btc cant go higher than the last ATH is deluded

last time was a crazy speculative bubble ,next time there will be solid network and foundations to support crazy spurts of growth .........watch,listen and learn Cheesy

That was a car dealership. A dealership that sells cars of $100k+. They aren't into speculation, at least not enough to keep many coins.They see Bitcoin as another avenue to profits. I fully believe there will be a new ATH eventually, but they would be idiots to hold those coins in the hopes of selling higher. The coins spent on that Lambo are worth a whopping $20k now. You can barely get a Honda for that. Sadly enough, that Honda would last longer Tongue

I'm not talking about the car dealer speculation
I was referring to the speculation and greed that drove us up  to $1200 briefly  in late 2013

I am fully aware the car dealership converts to  usd with bit pay immediately

That was a nice deal for that Lamborghini, considering goat probably got those coins for pennies and bought his Lamborghini at the top of the spike lol
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February 15, 2015, 05:26:20 PM
 #135

...
If I had to guess, I would think that the jump from 5bil market cap to 50bil market cap is going to be much more challenging than any prior growth periods. That isn't to say it won't happen tho Smiley


Years ago, I noted that we can probably get into the $20B-$40B market-cap zone on the same dynamics that got us to >$1B. Primarily because that range is still of little global consequence. ~$30B is still less than the net-worth of many *individuals*, the market-cap of hundreds of medium sized companies, and the M2 of globally-irrelevant countries. But go up another order of magnitude, and all that looks very different. Bitcoin will have to have become a major global force to get into the 100s of $B market-cap. Of course, if we get to a stable $30B, getting to the next level is all the more likely; it'd just probably take a lot longer than prior runs.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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February 15, 2015, 05:30:08 PM
 #136

...
If I had to guess, I would think that the jump from 5bil market cap to 50bil market cap is going to be much more challenging than any prior growth periods. That isn't to say it won't happen tho Smiley


Years ago, I noted that we can probably get into the $20B-$40B market-cap zone on the same dynamics that got us to >$1B. Primarily because that range is still of little global consequence. ~$30B is still less than the net-worth of many *individuals*, the market-cap of hundreds of medium sized companies, and the M2 of globally-irrelevant countries. But go up another order of magnitude, and all that looks very different. Bitcoin will have to have become a major global force to get into the 100s of $B market-cap. Of course, if we get to a stable $30B, getting to the next level is all the more likely; it'd just probably take a lot longer than prior runs.

It is needed for bitcoin mining to get to 0,xx mining reward for bitcoin to gain such high value, otherwise costs of just filling in mined coins dumped on the market
would be too big. My guess is that bitcoin is going to either go to 100s billion carket cap, or just die out if the interest dissepates.

cheers

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February 15, 2015, 08:49:55 PM
 #137

i think i made my first buy around this thread start @ $2.54 on mt gox.

best financial decision of my life. probably just lucky. but i actually needed the bitcoins for something, so i wasn't just speculating.

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February 15, 2015, 09:08:12 PM
 #138

i think i made my first buy around this thread start @ $2.54 on mt gox.

best financial decision of my life. probably just lucky. but i actually needed the bitcoins for something, so i wasn't just speculating.



*something*. DPR, is that you? :-)

more or less retired.
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February 15, 2015, 09:47:42 PM
 #139

i think i made my first buy around this thread start @ $2.54 on mt gox.

best financial decision of my life. probably just lucky. but i actually needed the bitcoins for something, so i wasn't just speculating.



*something*. DPR, is that you? :-)

poker.
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February 16, 2015, 04:52:25 PM
 #140

Crazy ass throwback in time to see things from a perspective. A+ thread.

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