Swordsoffreedom
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April 04, 2014, 05:12:09 AM |
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I doubt it will just crash outright. Prob will either slowly go down or rise again
Looking at the order books at BTC-E, It will take a dump of hundreds of thousands of BTCs to crash the currency. Not likely. The only people who can do that right now are Satoshi and Keeples Possibly Pirate and Tradefortess but the first two are unlikely to do that Satoshi since why would he now Keeples can't being watched to much The other two below possibly if Pirate didn't liquidate or TF |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Mikerogers (OP)
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April 04, 2014, 01:29:32 PM |
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I doubt it will just crash outright. Prob will either slowly go down or rise again
Looking at the order books at BTC-E, It will take a dump of hundreds of thousands of BTCs to crash the currency. Not likely. The only people who can do that right now are Satoshi and Keeples Possibly Pirate and Tradefortess but the first two are unlikely to do that Satoshi since why would he now Keeples can't being watched to much The other two below possibly if Pirate didn't liquidate or TF Yeah I agree I doubt those holders will dump but the fact that they can control the price like that is not good. And plus the real bitcoin founder hasnt announced who he is in public and what he looks like. I doubt he will do anything without being scrutinized big time |
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MyMotivation
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April 04, 2014, 05:42:51 PM |
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I think bitcoin will be looking good in 5 years. I don't know about price but I think that it will be much more liquid and more widely accepted around the world, and that's what counts.
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Bit_Happy
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A Great Time to Start Something!
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April 04, 2014, 05:55:48 PM |
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I think bitcoin will be looking good in 5 years. I don't know about price but I think that it will be much more liquid and more widely accepted around the world, and that's what counts.
I hope those 5 years go very slowly. Time has been flying by way too fast. |
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mktrader
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Hello World!!!
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April 04, 2014, 07:42:10 PM |
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5 years from now: Mass adoption worldwide
and 1 BTC $ price in 5 or 6 figures (5 figures more likely)
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Price Poll: bitcointalk.org/index.php?topic=555609
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Mikerogers (OP)
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April 04, 2014, 07:50:58 PM |
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I think bitcoin will be looking good in 5 years. I don't know about price but I think that it will be much more liquid and more widely accepted around the world, and that's what counts.
We'll prob know whether or not that happens in under a year. Governments can either let it flourish or hurt it badly |
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7Priest7
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April 06, 2014, 02:21:09 AM |
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Governments can either let it flourish or hurt it badly
Like the I.R.S. taxing it? Governments have no desire to allow bitcoin to flourish. I.R.S wants to tax miners, then tax for every single bitcoin transaction that occurs within the U.S. If people comply/(fear the I.R.S.) bitcoin will pretty much die in the U.S. |
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Bit_Happy
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April 06, 2014, 03:06:41 AM |
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...
where did you find that chart?? you are after fully confirming my thought that btc will climb considerably in the coming months!
The original chart is bitstamp exchange data with log y-scale: http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zlYou may also like this one. It answers OPs question "Bitcoin 5 years from now?"   I am Bullish, but that is insane. Good example of why to not take "log charts" seriously. |
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embargar
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April 06, 2014, 06:58:26 PM |
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Happy Birthday, dear bitcoin! Hope we will celebrate you 10's birthday too
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jeanpaul
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April 06, 2014, 07:07:15 PM |
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Probably written by someone waiting to buy in.
YES SIR
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Mikerogers (OP)
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April 06, 2014, 09:43:59 PM |
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Happy Birthday, dear bitcoin! Hope we will celebrate you 10's birthday too
10's? Didnt it come out when the housing crisis happened in 08? |
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TopherB
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April 06, 2014, 09:45:11 PM |
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Governments can either let it flourish or hurt it badly
Like the I.R.S. taxing it? Governments have no desire to allow bitcoin to flourish. I.R.S wants to tax miners, then tax for every single bitcoin transaction that occurs within the U.S. If people comply/(fear the I.R.S.) bitcoin will pretty much die in the U.S. Just like taxing income killed the dollar. |
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mczarnek
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April 08, 2014, 11:34:50 PM |
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...
where did you find that chart?? you are after fully confirming my thought that btc will climb considerably in the coming months!
The original chart is bitstamp exchange data with log y-scale: http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zlYou may also like this one. It answers OPs question "Bitcoin 5 years from now?" Keep in mind that the more Bitcoin grows.. the smaller USD becomes.. so this will be more like 1 BTC equals $100,000 of purchasing power, just because USD will be worth 1000x time less. So, who knows! lol |
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wishfulthinker
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April 09, 2014, 03:31:27 AM |
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test
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g4c
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April 09, 2014, 12:24:49 PM |
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...
where did you find that chart?? you are after fully confirming my thought that btc will climb considerably in the coming months!
The original chart is bitstamp exchange data with log y-scale: http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zlYou may also like this one. It answers OPs question "Bitcoin 5 years from now?" Keep in mind that the more Bitcoin grows.. the smaller USD becomes.. so this will be more like 1 BTC equals $100,000 of purchasing power, just because USD will be worth 1000x time less. So, who knows! lol You got that backwards, the only way Bitcoin will reach 100 million per coin will be if USD hyperinflates and becomes worth much less, then there will be many more dollars issued and in circulation. All fiats throughout history ended with hyperinflation so this is a very real possibility. |
CORTEX7 Multi exchange Bitcoin trading client for Win, Mac, Nix, Android.
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Mikerogers (OP)
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April 11, 2014, 02:35:47 AM |
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Keep in mind that the more Bitcoin grows.. the smaller USD becomes.. so this will be more like 1 BTC equals $100,000 of purchasing power, just because USD will be worth 1000x time less. So, who knows! lol You got that backwards, the only way Bitcoin will reach 100 million per coin will be if USD hyperinflates and becomes worth much less, then there will be many more dollars issued and in circulation. All fiats throughout history ended with hyperinflation so this is a very real possibility. cmon though man lets be a bit realistic Bitcoin is not going in the millions... not anytime soon at least. I do see it becoming valuable after mining stops though |
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g4c
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April 11, 2014, 02:56:59 AM |
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cmon though man lets be a bit realistic Bitcoin is not going in the millions... not anytime soon at least. I do see it becoming valuable after mining stops though
I never said it will. But you say it won't. Many things are possible, all with varying probabilities. Nothing is certain. |
CORTEX7 Multi exchange Bitcoin trading client for Win, Mac, Nix, Android.
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7Priest7
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April 11, 2014, 04:37:35 AM |
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Bitcoins future is certainly looking grim, atm.
Mt.Gox has ruined bitcoin for the majority of the U.S.
There has been scam after scam using bitcoins.
Most people don't want/need BTC atm.
With the I.R.S. now wanting to tax BTC, BTC may just be bleeding out and waiting for death in the U.S.
It may skyrocket or it may soon be worth pennies, nobody knows for sure.
Bitcoin could certainly use some real positivity soon.
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Corelianer
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April 11, 2014, 02:04:55 PM |
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Bitcoins future is certainly looking grim, atm.
Mt.Gox has ruined bitcoin for the majority of the U.S.
There has been scam after scam using bitcoins.
Most people don't want/need BTC atm.
With the I.R.S. now wanting to tax BTC, BTC may just be bleeding out and waiting for death in the U.S.
It may skyrocket or it may soon be worth pennies, nobody knows for sure.
Bitcoin could certainly use some real positivity soon.
Taxing virtual things is a joke. That's like saying, you pay taxes based on how many google-searches you make. It's a statement from a governement thats afraid from money-laundering. 1) They can't controll who is buying or selling Bitcoins 2) They can't track who transfered them to where 3) They can't controll a global distributed system at all. Bitcoin is like Bittorrent, it's a protocol, nobody can control a protocol 4) The thing they can do is destroying it's reputation and that's what they are doing now |
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7Priest7
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April 11, 2014, 04:02:48 PM
Last edit: April 11, 2014, 04:14:22 PM by 7Priest7 |
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Taxing virtual things is a joke. That's like saying, you pay taxes based on how many google-searches you make.
It's a statement from a governement thats afraid from money-laundering.
I know/believe that as do you, How many don't? Many people will be put off by the possibility of either taxes or audits. 4) The thing they can do is destroying it's reputation and that's what they are doing now
I think Mt.Gox thoroughly accomplished that for most people already. Many people who didn't even use Mt.Gox have been put off by them. BTC is in it's infancy and it has endured mostly negativity. We will be lucky if BTC recovers and becomes a widely accepted/used currency. |
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