nahtnam
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nahtnam.com
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December 01, 2013, 07:08:06 AM |
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The price could still easily reach 100k. But at that point you wouldnt have to buy each coin at that price. For its continued sucess a system to buy at mBTC or uBTC would be implemented. And you would still be able to sell full coins. Should BTC ever hit that high it would be (idealy) accepted by just about every company in the world. New markets would open and even fortune 500 companies would buy them.
See the thing is that early investors would have 100's of BTC. Now the limits would be something like 1mbtc per day. It would take years to sell all your BTCs. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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jackioflap
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Activity: 52
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December 01, 2013, 07:27:17 AM |
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The price could still easily reach 100k. But at that point you wouldnt have to buy each coin at that price. For its continued sucess a system to buy at mBTC or uBTC would be implemented. And you would still be able to sell full coins. Should BTC ever hit that high it would be (idealy) accepted by just about every company in the world. New markets would open and even fortune 500 companies would buy them.
See the thing is that early investors would have 100's of BTC. Now the limits would be something like 1mbtc per day. It would take years to sell all your BTCs. The way you`re looking at it though is that people will be treating BTC like stock shares instead of currency. People by that time would also (once again idealy) be using it for everything else. Bills, food, cars, home repairs etc etc.... Imagine going to the car lot and buying a brand new Mercedes for 1.2347 BTC. Yes people might have gathered hundreds but if you can use them like the analog why bother converting them? |
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nahtnam
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Activity: 1092
Merit: 1000
nahtnam.com
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December 01, 2013, 07:28:52 AM |
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The price could still easily reach 100k. But at that point you wouldnt have to buy each coin at that price. For its continued sucess a system to buy at mBTC or uBTC would be implemented. And you would still be able to sell full coins. Should BTC ever hit that high it would be (idealy) accepted by just about every company in the world. New markets would open and even fortune 500 companies would buy them.
See the thing is that early investors would have 100's of BTC. Now the limits would be something like 1mbtc per day. It would take years to sell all your BTCs. The way you`re looking at it though is that people will be treating BTC like stock shares instead of currency. People by that time would also (once again idealy) be using it for everything else. Bills, food, cars, home repairs etc etc.... Imagine going to the car lot and buying a brand new Mercedes for 1.2347 BTC. Yes people might have gathered hundreds but if you can use them like the analog why bother converting them? Personally I dont think that its going to stand at 100000. |
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jackioflap
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December 01, 2013, 08:27:53 AM |
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Crap i think we killed this thread. SOMEONE SAY SOMETHING SEMI INTELLIGENT!!!!
I`ll try first. Ahem..... Futt Bucker!! HaHa.....no...um... shit....stupid stupid stupid.
Next!!!
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ruffy123
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Activity: 1
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December 01, 2013, 08:39:17 AM |
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Hi all, my first post!
Just getting into this as I have been reading a lot about it. I may be a noob now but I think people getting into it now are still early adopters!?
So can anyone point me in the direction of the best start up guide?
1. Which wallets to set up?
2. Best place to buy not just BTC but also ALT coins?
Thanks for your help!
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emp3000
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Activity: 7
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December 01, 2013, 09:35:24 AM |
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hey guys anyone considering armory's paper wallet over bitaddress.org's? Or bitaddress is just as ok / easier for beginners when done offline, on a livecd, with all sigs gpg's checked?
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spl
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December 01, 2013, 10:23:30 AM |
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Against fiat it could very well go to 100000. I'll keep my eye on the gold to BTC ratio.
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fellaHG
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December 01, 2013, 12:34:38 PM |
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eyyyyyy fellow noobs!
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Talker
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Activity: 5
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December 01, 2013, 12:59:17 PM |
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Hi all, my first post!
Just getting into this as I have been reading a lot about it. I may be a noob now but I think people getting into it now are still early adopters!?
So can anyone point me in the direction of the best start up guide?
1. Which wallets to set up?
2. Best place to buy not just BTC but also ALT coins?
Thanks for your help!
I would say btc-e or cryptsy |
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Itun
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December 01, 2013, 01:27:26 PM |
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There is a possibility that the price goes upto 100k per coin especially seeing that a coin started out being worth like 3 cents in the beginning and now it's $1000.
I'm sure if it does become that expensive, some people will be really happy.
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dwizha
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December 01, 2013, 01:36:35 PM |
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Hello from denmark  |
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brorsan
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December 01, 2013, 05:20:09 PM |
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So, another n00b here... Started looking into mining a couple of days ago and is now CPU-mining betacoins.
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thomslik
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Activity: 10
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December 01, 2013, 06:20:12 PM |
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Hi,
I'm another long time lurker that finally registered. Now I'm stuck in this Newbie section like all the others.
I love the recent surge in BTC prices. It sure make ROI look better! Let it keep climbing.
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nurminen1
Member
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Activity: 112
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December 01, 2013, 06:55:48 PM |
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Hello everybody!
I've read these forums for quite a while now but hadn't made an account yet until now.
I'm very interested about all the cryptocoins and the innovations some of them tend to offer to help everyday life of us.
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losingmoney
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Activity: 2
Merit: 0
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December 02, 2013, 12:52:48 AM |
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I'm new to the crypto currency thing too. All along I've been saying that its going to go nowhere and now I regret not getting in on BTC when I had the chance to do it cheap.
Now I'll be stuck trying to play with some of these smaller currencies and see where it take me. If anything the learning experience will be interesting. I've started playing around with infinitecoin and just bought some from ebay and now I see I've been lucky I wasn't scammed. Had quite a bit of trouble getting the thing up and running but the ebay person was very helpful.
I just set up a quarkcoin wallet and now I'm looking around for a safe place to buy them without getting scammed.
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critta
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Activity: 2
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December 02, 2013, 01:36:27 AM |
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I am here hanging out in the newb section until i get access to post about being ripped off in the payonix scam!!
So far, I have found this forum is the best place to find any information about bitcoin mining.
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holzer
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December 02, 2013, 03:44:12 AM |
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Glad to join the club! Have learned a lot already, lots of great info here.
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mdotstrange
Newbie
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Activity: 33
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December 02, 2013, 04:42:09 AM |
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Hello! I've been into crypto for awhile but just joined the forum- looking forward to getting involved in the community |
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mdewals
Newbie
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Activity: 9
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December 02, 2013, 10:30:03 AM |
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Hi,
I'm new here as well. Got into this way way too late to seriously mine but I'll consider getting a better GPU and mine some altcoins or just speculate on the market.
any tips on an affordable GPU which can do some acceptable things Currently mining feathercoins but one rig is doing ~3kh/s and another is doing ~4kh/s which frankly is laughable.
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TrailingComet
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December 02, 2013, 11:26:51 AM |
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This is my first post
Happy to be here, new to cryptos, don't know what else to say
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