Patel (OP)
Legendary
 Offline
Activity: 1321
Merit: 1007
|
 |
July 29, 2014, 03:13:23 AM |
|
Do you think Bitcoin will be around in 5 years?
If so, how much do you think it's value will be?
Would you buy some now, if you couldn't use it for 5 years?
Feel free to express your opinion.
|
|
|
|
|
|
|
|
"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Bitcopia
|
|
July 29, 2014, 03:27:48 AM |
|
Do you think Bitcoin will be around in 5 years?
If so, how much do you think it's value will be?
Would you buy some now, if you couldn't use it for 5 years?
Feel free to express your opinion.
Yes. Network Effect of a distributed system that the world has been waiting for. Between $1,000 and $1,000,000. $50,000 as my crystal ball guess for 1 BTC in July 2019. Yep. The upside potential greatly outweighs the failure possibility which is becoming less likely every day. |
|
|
|
|
|
WillyBTC
|
|
July 29, 2014, 05:00:22 AM |
|
One. Mirrion. Dollars.
I could see it sub-100. I could see it where we are now. I could see five figures, or even six. My bet is on the latter two, but I'm trying to remain open and realistic.
|
|
|
|
|
Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
|
|
July 29, 2014, 05:05:28 AM |
|
$216,125 on 28/07/2019 @11:30 PM. Any time zone!
|
|
|
|
|
spiderbrain
Legendary
Offline
Activity: 889
Merit: 1013
|
|
July 29, 2014, 05:20:52 AM |
|
50% chance $100k. 50% chance $0. great odds.
|
|
|
|
|
InwardContour
|
|
July 29, 2014, 05:29:21 AM |
|
There are much more probability for bitcoin to be over 10000$ than to be 0$ in my opinion,
the risk in this type of investment is big but the huge hypothetical gain is worth it.
|
|
|
|
|
FeodoroAndy
Newbie
Offline
Activity: 57
Merit: 0
|
|
July 29, 2014, 05:32:25 AM |
|
It will sure be with us strong and healthy in 2019. Value ? It can vary between 5000$ and 200000$.
|
|
|
|
|
|
Justine
|
|
July 29, 2014, 06:04:27 AM |
|
Very optimistic view from some people here.
|
|
|
|
|
|
WillyBTC
|
|
July 29, 2014, 06:38:08 AM |
|
There are much more probability for bitcoin to be over 10000$ than to be 0$ in my opinion,
the risk in this type of investment is big but the huge hypothetical gain is worth it.
That's the risk -- upside possibilities are sky high. Downside is limited. But that doesn't mean there is a higher probability for bitcoin to be $100k than $0. I'd probably give similar odds. |
|
|
|
|
Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
|
|
July 29, 2014, 06:47:33 AM |
|
I would be willing to stake quite a bit on the supposition that it will still exist, that blocks will still be coming at about 10 minutes between, and that the price will be above $2/coin. I consider those to be safe suppositions, since the only danger I can see there is if someone was able to partial preimage attack 2SHA256, preimage attack RIPEMD-160, or break our ECDSA curve. Even a miner revolt - often called out as a doomsday scenario - seems unlikely to me to push the price back below $2/coin, taking into account the state of the BTC economy the last time we were at that price compared to the infrastructure in place today.
More than that, I can't say. A lot can happen technologically in five years.
I'd not buy any now for five-year layaway, but that's mostly due to issues of variance comparing poorly to the size of a minimal useful bet. I've got my stash of old money; that's enough for me right now.
|
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
|
|
|
|
WillyBTC
|
|
July 29, 2014, 08:41:07 AM |
|
I would be willing to stake quite a bit on the supposition that it will still exist, that blocks will still be coming at about 10 minutes between, and that the price will be above $2/coin. I consider those to be safe suppositions, since the only danger I can see there is if someone was able to partial preimage attack 2SHA256, preimage attack RIPEMD-160, or break our ECDSA curve. Even a miner revolt - often called out as a doomsday scenario - seems unlikely to me to push the price back below $2/coin, taking into account the state of the BTC economy the last time we were at that price compared to the infrastructure in place today.
More than that, I can't say. A lot can happen technologically in five years.
I'd not buy any now for five-year layaway, but that's mostly due to issues of variance comparing poorly to the size of a minimal useful bet. I've got my stash of old money; that's enough for me right now.
But why would it stop at $2/coin? Seems to me that anything so catastrophic would probably just take it down to $0, make it worthless entirely. But maybe I am approaching this wrong. |
|
|
|
|
|
ensurance982
|
|
July 29, 2014, 09:32:10 AM |
|
It will! Ummm, I guess it'll be at about $32'000 USD. Mark my words!
|
We Support Currencies: BTC, LTC, USD, EUR, GBP
|
|
|
OsNaP
Newbie
Offline
Activity: 46
Merit: 0
|
|
July 29, 2014, 10:37:13 AM |
|
When there will be quantum computers in general, 0!
|
|
|
|
|
Brewins
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
July 29, 2014, 11:43:26 AM |
|
No way to know, depends if the bitcoin price manages to be above the costs to mine them.
If bitcoin going to survive, price must be at least 4x600 = 2400, the price to generate one after two halvings.
|
|
|
|
|
|
giveBTCpls
|
|
July 29, 2014, 11:54:25 AM |
|
I'll say it again: The day Paypal accepts Bitcoin's existance the disruption in the market will be insane to proportions never even imagined before. Imagine ebay with big "Bitcoin Accepted" buttons every fucking where. Exactly, lots of 0's.
|
|
|
|
spazzdla
Legendary
Offline
Activity: 1722
Merit: 1000
|
|
July 29, 2014, 03:05:41 PM |
|
Only a fool would think BTC will go away.
|
|
|
|
|
|
ensurance982
|
|
July 29, 2014, 03:28:44 PM |
|
I can assure you it will be high! Trust me!
|
We Support Currencies: BTC, LTC, USD, EUR, GBP
|
|
|
|
FreedomCoin
|
|
July 29, 2014, 03:31:10 PM |
|
I would be willing to stake quite a bit on the supposition that it will still exist, that blocks will still be coming at about 10 minutes between, and that the price will be above $2/coin. I consider those to be safe suppositions, since the only danger I can see there is if someone was able to partial preimage attack 2SHA256, preimage attack RIPEMD-160, or break our ECDSA curve. Even a miner revolt - often called out as a doomsday scenario - seems unlikely to me to push the price back below $2/coin, taking into account the state of the BTC economy the last time we were at that price compared to the infrastructure in place today.
More than that, I can't say. A lot can happen technologically in five years.
I'd not buy any now for five-year layaway, but that's mostly due to issues of variance comparing poorly to the size of a minimal useful bet. I've got my stash of old money; that's enough for me right now.
But why would it stop at $2/coin? Seems to me that anything so catastrophic would probably just take it down to $0, make it worthless entirely. But maybe I am approaching this wrong. SHA and PKI would have to be broken IMO.. and if that happens we have WAY bigger problems on our hands than some emunie. I say yes it will be around... maybe based on a new currency.. like a global rate tied to some other metric that is not fiat. |
|
|
|
|
xDan
|
|
July 29, 2014, 06:10:21 PM |
|
Yeah.
Actually, even if a "better" cryptocurrency comes along, I still see Bitcoin as being the gold standard and the go to store of digital wealth. It will forever remain the most battle tested, which means an awful lot.
Value? $5K - $1mil. Who knows.
|
HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
|
|
|
|
An amorous cow-herder
|
|
July 29, 2014, 06:32:29 PM |
|
Will it still be there?
Most likely.
What will it be worth?
Far too much can happen in 5 years to guess that.
|
|
|
|
|
|
Poll
