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Question: Will one bitcoin be worth twenty dollars this year?
Yes - 176 (68.2%)
No - 49 (19%)
Maybe - 33 (12.8%)
Total Voters: 256

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Author Topic: 1 BTC = 20 USD  (Read 29011 times)
bitcoinBull
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June 08, 2011, 12:59:32 AM
 #141

It doesn't matter.  The difficulty has no bearing on the market price, he's just confused about cause and effect.
The market price drives difficulty, not the other way around.

This is not certain.  When difficulty is higher than the price, coins are cheaper to get by buying than by mining.  So people buy, which pushes the price up.

Ergo, difficulty drives price.  And price drives difficulty.  Two-way causality.

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marcus_of_augustus
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June 08, 2011, 01:48:48 AM
 #142


Best way to say it, I think, is difficulty provides lower bound on price (as measured in mining input costs).

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June 08, 2011, 01:49:33 AM
 #143


Best way to say it, I think, is difficulty provides lower bound on price (as measured in mining input costs).

2nd best way to say it is with chickens and eggs.

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June 08, 2011, 02:00:41 AM
 #144

Alex. I suggest you should start a new poll ehehe Smiley

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June 08, 2011, 05:10:02 AM
 #145

bitcoinmonitor.com is showing a flurry of trading activity but no real transactions.  I assume that's an error rather than the market getting into a speculative frenzy with nothing backing it up.

Or deepbit's fake block chain and false transactions

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Alex Beckenham
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June 08, 2011, 05:18:33 AM
 #146

Alex. I suggest you should start a new poll ehehe Smiley

Well the first was $2, then this poll was $20... so I'll put one up now polling for a $200 value...

Edit: Here we go... https://forum.bitcoin.org/index.php?topic=13338.0

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June 09, 2011, 08:36:03 PM
 #147

Wow. Last time I checked the price for one bitcoin was 8-9 dollars. Now it's $29! Holy smokers. Some people have no doubt already become super wealthy.

Now I'm sure some competing currencies will pop up. Or governments will make a total ban on this kind of digital currencies.
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November 21, 2013, 06:33:48 PM
 #148

I estimated the probability of reaching 1000 dollars per bitcoin to be 0.06%

How about now? Tongue

Edit: Just voted... ah hindsight Smiley

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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MoonShadow
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November 21, 2013, 06:49:15 PM
 #149

I estimated the probability of reaching 1000 dollars per bitcoin to be 0.06%

How about now? Tongue

Edit: Just voted... ah hindsight Smiley

Dude that was stated in the context of hitting $1000 per BTC during the 2011 calender year.  Don't be a dick.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
notme
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November 21, 2013, 06:56:57 PM
 #150

I estimated the probability of reaching 1000 dollars per bitcoin to be 0.06%

How about now? Tongue

Edit: Just voted... ah hindsight Smiley

Dude that was stated in the context of hitting $1000 per BTC during the 2011 calender year.  Don't be a dick.

Chill out... I'm just trying to bring some perspective.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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September 23, 2016, 04:38:50 PM
 #151

Such necroposting, much spam. I'm pretty sure a lot of people wouldn't even read what EpyxZ posted and what is his reason to do this.

Let's all take a moment to think if for just a day, we get the chance to go back to the past and buy BTC for 20$. If all of us didn't doubt at the time when Bitcoin was introduced to us, then every single person that's commenting on this thread would be millionaires and wouldn't be needing to join any signature campaign. We might even have our own signature campaign for our very own company. Funny how things turned out for doubters like us.

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