myhoho
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Activity: 1162
Merit: 1008
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July 06, 2014, 05:45:35 PM |
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It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.
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CEG5952
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July 06, 2014, 05:49:24 PM |
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It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.
I'm not sure comparing to Napster is the best analogy -- Napster became a business model that was unsustainable. Nothing to do with the possibilities that bitcoin as a currency and protocol represent. |
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silvestar
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Activity: 1134
Merit: 1002
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July 06, 2014, 06:07:11 PM |
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It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.
You may be right, but from the past experience, we have seen how difficult it is to predict future bitcoin price, as shown in https://bitcointalk.org/index.php?topic=136780.0. |
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CEG5952
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July 06, 2014, 07:13:32 PM |
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It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.
You may be right, but from the past experience, we have seen how difficult it is to predict future bitcoin price, as shown in https://bitcointalk.org/index.php?topic=136780.0. Traders tend to fall into the 80/20 Pareto distribution -- 80% lose and 20% win. Further, 80% of your profits will come from 20% of trades. It is clear that it is possible to predict bitcoin price -- within the realm of probability, of course -- but only a minority will be successful at it. |
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Gimmelfarb
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July 06, 2014, 08:17:00 PM |
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I think ebay and a big retailer like amazon would be needed for bitcoin to reach 10,000. 2000-5000 may be more likely, and that could be a year or two. It may also never get more than 1000 again, we don't know.
It's hard to say what is needed, really. If we were to see ETFs, a lot of institutional money that would never otherwise flow into BTC could get in. These types of investment firms have billions in holdings. Imagine.....  That too, I forgot about the EFTs. What I wonder about is if it'll drag alt prices along with it, or if bitcoin will go crazy while alts go down. It's weird to think of coins like litecoin or darkcoin being worth several hundred or more per coin, but if bitcoin is 10,000 and alts keep pace, that's about where they may be. who knows with alts -- some might just die. some will see like 100x. huge risk, huge reward -- that's the nature of alts, when btc is already so risky. i will stick to trading btc until we are in a full blown bull market, then i'll get into alts when it looks like the bottom is in. |
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Gimmelfarb
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July 06, 2014, 09:01:27 PM |
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My guess would be bitcoin will never hit $10k, hope I'm wrong though.
hmm, why? i mean, i am not sure either way, but the historical trend says we could certainly get there. and with all these advancements in the industry/infrastructure, interest from institutional investors, green lights from governments.... i think we get there. |
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hodlmybtc
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July 06, 2014, 11:26:28 PM |
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My guess would be bitcoin will never hit $10k, hope I'm wrong though.
Today it almost happened on CampBX, only 2% off, never say never   |
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Gimmelfarb
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July 06, 2014, 11:32:59 PM |
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My guess would be bitcoin will never hit $10k, hope I'm wrong though.
Today it almost happened on CampBX, only 2% off, never say never yeahhh, i'm pretty sure that was some sort of API glitch. or it may have been a hack or where somebody exploited the API to use fake USD to buy up the order book. that was the top of the book, it looks like. and then Campbx goes offline....  |
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hollowframe
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July 07, 2014, 12:00:05 AM |
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still clinging to my original $10k by July prediction. got a few weeks left....LOL.... |
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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July 07, 2014, 12:06:46 AM |
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It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.
I'm not sure comparing to Napster is the best analogy -- Napster became a business model that was unsustainable. Nothing to do with the possibilities that bitcoin as a currency and protocol represent. Don't listen to him IMO. Stop believing in some random magic altcoin. You actually can't compare those. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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hollowframe
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July 07, 2014, 12:11:31 AM |
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It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.
I'm not sure comparing to Napster is the best analogy -- Napster became a business model that was unsustainable. Nothing to do with the possibilities that bitcoin as a currency and protocol represent. Don't listen to him IMO. Stop believing in some random magic altcoin. You actually can't compare those. some altcoins could eventually become established. too early to say. |
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InwardContour
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July 07, 2014, 12:27:15 AM |
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My guess would be bitcoin will never hit $10k, hope I'm wrong though.
hmm, why? i mean, i am not sure either way, but the historical trend says we could certainly get there. and with all these advancements in the industry/infrastructure, interest from institutional investors, green lights from governments.... i think we get there. If history is any indicator then bitcoin will likely reach 10k in either the next runup/bubble or the one after the next. |
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Salmon1989
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July 07, 2014, 02:52:19 AM |
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My guess would be bitcoin will never hit $10k, hope I'm wrong though.
Today it almost happened on CampBX, only 2% off, never say never yeahhh, i'm pretty sure that was some sort of API glitch. or it may have been a hack or where somebody exploited the API to use fake USD to buy up the order book. that was the top of the book, it looks like. and then Campbx goes offline.... It is not the first time happening on bitcoin exchanges, something similar happened on bitfinex in Feb. https://bitcointalk.org/index.php?topic=451109.0 |
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Habeler876
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July 07, 2014, 02:54:49 AM |
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My guess would be bitcoin will never hit $10k, hope I'm wrong though.
Today it almost happened on CampBX, only 2% off, never say never yeahhh, i'm pretty sure that was some sort of API glitch. or it may have been a hack or where somebody exploited the API to use fake USD to buy up the order book. that was the top of the book, it looks like. and then Campbx goes offline.... It is not the first time happening on bitfinex. https://bitcointalk.org/index.php?topic=451109.0This was Campbx, not Bitfinex. Still not clear if it was just a glitch on a trade that never happened, or if their API got exploited to allow that trade to happen. I mean, who keeps a million bucks on Campbx? |
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Salmon1989
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July 07, 2014, 02:57:58 AM |
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My guess would be bitcoin will never hit $10k, hope I'm wrong though.
Today it almost happened on CampBX, only 2% off, never say never yeahhh, i'm pretty sure that was some sort of API glitch. or it may have been a hack or where somebody exploited the API to use fake USD to buy up the order book. that was the top of the book, it looks like. and then Campbx goes offline.... It is not the first time happening on bitfinex. https://bitcointalk.org/index.php?topic=451109.0This was Campbx, not Bitfinex. Still not clear if it was just a glitch on a trade that never happened, or if their API got exploited to allow that trade to happen. I mean, who keeps a million bucks on Campbx? Yup, I noticed that just now, and have corrected my post.  |
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rajko00
Member
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Activity: 60
Merit: 10
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July 14, 2014, 10:16:40 AM |
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It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.
I'm not sure comparing to Napster is the best analogy -- Napster became a business model that was unsustainable. Nothing to do with the possibilities that bitcoin as a currency and protocol represent. Don't listen to him IMO. Stop believing in some random magic altcoin. You actually can't compare those. there is no magic altcoin.... |
NEM COIN - FUTURE IS HERE
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CoinDiver
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July 14, 2014, 01:25:45 PM |
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When the market cap hits about $150,000,000,000.
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Lamigo
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July 14, 2014, 01:43:34 PM |
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My guess would be bitcoin will never hit $10k, hope I'm wrong though.
hmm, why? i mean, i am not sure either way, but the historical trend says we could certainly get there. and with all these advancements in the industry/infrastructure, interest from institutional investors, green lights from governments.... i think we get there. If history is any indicator then bitcoin will likely reach 10k in either the next runup/bubble or the one after the next. True lol. The bitcoin price reached $230 and $1100 in the previous two bull trends in Apr and Dec 2013. |
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ThomasCrowne
Full Member
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Activity: 210
Merit: 100
★☆★ 777Coin - The Exciting Bitco
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July 14, 2014, 07:55:00 PM |
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Not for several years at least if ever
Sadly I have to agree with this fella. Given the number of people holding large #'s of coins I suspect bitcoin will have a really difficult time ever reaching $10,000 and that if it does it won't be for at least 3-5 years. It seems there is at least 1 out of every 5 BTC being held by somebody somewhere that was acquired via less than honorable means. These people are in it for the get rich quick aspect and I suspect will keep bitcoin in the sub $10,000 for years to come. |
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jump4ever
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July 14, 2014, 08:26:58 PM |
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in 2015 hopefully maybe sooner.
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