Poll :: When will Bitcoin reach $1 Billion total value

[Scott J]

Wow.. how'd you guess that

I put it down to my B in GCSE maths 

[1498753533]

1498753533

[Bowjob]

Wow.. how'd you guess that

I put it down to my B in GCSE maths 

Any future guesses in the coming months?

[Otoh]

A couple of hours ago I'm seeing Bitcoin monetary base is 10,959,250 BTC, which is worth over $1,000,000,000 USD at current price, so a $1B market cap (if that's the correct term), anyway a net market value for Bitcoin of $1B, later today when I've looked in to the exact block multiplied by the price when it was mined then I will confirm, it looks like Scott J scooped the double prizes for sure though, especially as the price has gone up to a high of $95.70 since, Congrats! Same address?

Mouse over shows total bitcoins mined to date = 10,950,975 BTC, or on http://www.blockchained.com/ it shows 10,960,050 coins, anyway it's over 1B$ at current prices, not sure exactly which block made it but it's confirmed.

[DanielBTC]

Close your eyes.. sooo..
Now! Open your eyes. Here we are.

[Scott J]

The same address will be fine, thank you so much!

[Otoh]

The same address will be fine, thank you so much!

Cool, I'm afk for a few hours now but will send it upon my return & also PM you re a possible small favor.

[Otoh]

Prizes sent & a PM too

https://blockchain.info/tx/f88f2a2a6dcb26298270596998a9470ade923c61ea95e90c30c6e51c9e9c3281

https://blockchain.info/tx/c03ca27cef8b30aa180b5c94a24111315e37e4e886c174f7b9d67450dff718a4

[Otoh]

I am delighted that Scott J has won this & thank him for his very generous freely given contribution to my favorite personal charity, a savings fund in BTC/LTC for college fees etc of a child who's father died in a tragic accident in 2010 & who's mother's sister is a very good friend of mine.

Wishing everyone who entered the best of luck on my LTC comp, with a total of 500 LTC in prizes up for grabs.

[Scott J]

I am delighted that Scott J has won this & thank him for his very generous freely given contribution to my favorite personal charity, a savings fund in BTC/LTC for college fees etc of a child who's father died in a tragic accident in 2010 & who's mother's sister is a very good friend of mine.

Wishing everyone who entered the best of luck on my LTC comp, up to 500 LTC in prizes up for grabs.

Thank you again, Otoh!

I am really happy to contribute to such a worthwhile cause

[Otoh]

I suspect that the universe may have taken you up on your (tongue in cheek) offer to pay a 1 BTC reward if someone would buy to $100, though it got you the double prize without needing to push the price up that far, for me one's potential behavior in the future totally influences events in the present & so how they turn out.

[cbeast]

This would be a good poll to re-open.

[Otoh]

This would be a good poll to re-open.

+1

I will do so tomorrow on a new thread.

Edit: as we're back above $100 atm, then we're well > $1B again so no need to do this right now.

[BTCurious]

This would be a good poll to re-open.

+1

I will do so tomorrow on a new thread.

Edit: as we're back above $100 atm, then we're well > $1B again so no need to do this right now.

How about now?

[Otoh]

lol, let me think about it for a day or two, but if we go under $50 then yes definitely.

[cbeast]

Still thinking.

[Otoh]

We're still too close Btc = $75 approx, for a total of $844M atm & if/when Btc = $88 it would bring us back to over $1B again, it's only dipped under that for 2 days or less atm, but if the price does fall to $50 or less then definately it's due for a re-run. If it stays well under for a month, in the $50s to $60s, then that also would warrent a rerun I guess.



Since we made $1B last March we have only dipped below it for a few days at most, it will be interesting to see if it's going to be different this time.



Clearer edit without the volume lines, though they're of interest so I'll leave the previous pic up too.

[BTCurious]

That's a nice graph! I like how you took into account the coin generation

[Otoh]

Many thanks, glad you like & Bitcoin recovered to over $88 on Wednesday the 10th July for $1B again, atm it's dipped just below the line, with 11,400,625 coins out there $1B needs a price of $87.70 atm for $1B.