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Author Topic: Do you think 1.00 BTC will worth more than $10,000.00 USD at any time in 2015?  (Read 28448 times)
GreenStox
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April 28, 2015, 07:22:56 PM
 #501


Yeah, that's the reason why Bitcoins are being borrowed from people who are willing to give them away at a given interest rate. If you think about this, Bitcoin is actually one of the few assets where you can't borrow something that doesn't even exist in the first place (at least as long as the respective exchange doesn't play foul!)

Yea but if you borrowed it form someone who had it, that doesnt crash the price.

Remember you first said about this manipulation crashing the market.

If A broker borrows from B bank, then B bank must have that bitcoin to be able to lend it. If the guy then shorts it, then the market cap will stay the same.

Unless that bitcoin bank is one of the original miners who mined it around 1cent/bitcoin, then he must buy it first, then lend it, and then short it through another guy.

Of course since shortable instruments, in the fiat economy, use borrow-buyback method, it must have a swap interest, which is generally paid out of thin air.

So the question is, how are you going to pay swaps if you cant make out bitcoin out of thin air?

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GreenStox
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May 13, 2015, 05:10:45 PM
 #502

Ok its almost 6 months passed. We can now definitely agree that bitcoin wont reach 10.000$ this year.

I think probably in 2-3 years, there will be some calamity in the markets in a few years, that might pump it.

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baristor
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May 13, 2015, 05:35:31 PM
 #503

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy
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May 13, 2015, 05:53:41 PM
 #504

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.
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May 13, 2015, 06:00:56 PM
 #505

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

If that happens im sure other altcoin (good altcoin) would rise and be the new bitcoin, bu i dont think it will go up or down, better to just be stable for now, honestly.

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May 13, 2015, 06:24:45 PM
 #506

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment
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May 13, 2015, 06:32:41 PM
 #507

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment

Yea indeed , just follow

http://www.coindesk.com/

or

http://cointelegraph.com/

Both are leading news agencies for BTC, look up past 3 months news, they were all positive news.

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May 13, 2015, 06:49:41 PM
 #508

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment

No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?

It does not matter what you see reason for you are not the market.

It would be bad for miners but there would be a difficulty decrease and I would actually be loving the drop to these lows because unlike trading $200-$300 and making a little I can be trading from $1-$8-9-10 it would be a lovely day not a catastrophe only for those that hold and do nothing would it be.

@ OP no in case you can't take from that post I do not believe for one second that it will go anywhere near not even $1000 you gotta love dreamers though.


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May 13, 2015, 06:56:31 PM
 #509


No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?


Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet?

Horrible logic.

That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year.

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May 13, 2015, 06:57:34 PM
 #510


in fact it probably has more chance because let's not forget it has already been at $1


Put things in perspective. When that happened bitcoin was only a forum currency for a few nerds.
Now you got hundreds of thousands of stores accepting it, many hundred exchanges, more then 1 thousand ATMs, and many more goods & services.

It has an infrastructure backing it (its always funny when idiots say that BTC is not backed by anything, its backed by its economy).
There is already a mini-subeconomy for bitcoin, and its growing, every single day. To the point that 1 day it will replace the main economy.


So your point is not put in perspective.

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May 13, 2015, 07:03:49 PM
 #511


No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?


Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet?

Horrible logic.

That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year.

Mine was on topic and has perfect logic, we have reached $1000 where have we gone since then? That is right we are on a slippery slope down down down. Why not $1 because you would lose your hopeful future $20k if it reached the 10k which it won't because we are going down baby be happy not sad  Grin


in fact it probably has more chance because let's not forget it has already been at $1


Put things in perspective. When that happened bitcoin was only a forum currency for a few nerds.
Now you got hundreds of thousands of stores accepting it, many hundred exchanges, more then 1 thousand ATMs, and many more goods & services.

It has an infrastructure backing it (its always funny when idiots say that BTC is not backed by anything, its backed by its economy).
There is already a mini-subeconomy for bitcoin, and its growing, every single day. To the point that 1 day it will replace the main economy.


So your point is not put in perspective.

Please don't just snip one half a sentence for your argument, maybe you put things in perspective (without red writing lol) So we have all this backing and have done for quite some time, why are we not back to the $700 plus area  Cheesy Why are we still dropping with 'all this backing'?

That is perspective isn't it.

Update... I am not going to continue with this here but am more than happy to speak threw pm with greensox, but the other is ignored.


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mrhelpful
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May 13, 2015, 07:05:08 PM
 #512

the only time if it would ever drop, is if we all just call it a day and sold it all at once.

everyone here on this forum go based on their own perspective, but for me its the actual blockchain itself and thats priceless technology within our time.
GreenStox
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May 13, 2015, 07:07:50 PM
 #513


Please don't just snip one half a sentence for your argument, maybe you put things in perspective (without red writing lol) So we have all this backing and have done for quite some time, why are we not back to the $700 plus area  Cheesy Why are we still dropping with 'all this backing'?

That is perspective isn't it.

Because, although the infrastructure is there, there is no demand at the moment, because people are either dont know about bitcoin / dont trust it.

Or, they think that a printed toilet paper fiat is better than it.

Once people realize, things will change really fast, we already got the economy here, so we will wait everyone with spread arms, who will join our cause  Wink

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futureofbitcoin
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May 13, 2015, 07:10:20 PM
 #514


No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?


Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet?

Horrible logic.

That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year.

Mine was on topic and has perfect logic, we have reached $1000 where have we gone since then? That is right we are on a slippery slope down down down. Why not $1 because you would lose your hopeful future $20k if it reached the 10k which it won't because we are going down baby be happy not sad  Grin

On topic, yes. Perfect logic, No. Continuing my example above, would you say I have a higher chance of ending up in San Fran, since i took a little detour on the way to LA? The main point is, you're saying there's a higher chance BECAUSE IT'S ALREADY BEEN THERE. That part of your argument is a fallacy, plain and simple. It's not perfect logic. It's like if I said "because apples are green, the Earth is spherical". Sure, the Earth is spherical, but it's not because apples are green.

Why not $1? Because I don't think it'll reach $1. There are too many delusional libertarian Satoshi worshippers to let that happen. That doesn't mean bitcoin can't die, for all intents and purposes, for everyone else.

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May 14, 2015, 01:15:35 PM
 #515

No, based on the current trend I do not believe it will increase that much in this little of time.

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thejaytiesto
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May 14, 2015, 04:30:31 PM
 #516

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

Thats what people don't get. What we are seeing is a magical gift, and opportunity to get it cheap as hell again, while the big money hands also pick a lot of BTC on this sub 300 price. Once the train goes off the station again, never complain and never cry, you had your 2nd chance.
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May 15, 2015, 12:46:11 PM
 #517

I think that 33BTC will be worth 10.000 USD in 2015.
GreenStox
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May 15, 2015, 08:00:22 PM
 #518

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

Thats what people don't get. What we are seeing is a magical gift, and opportunity to get it cheap as hell again, while the big money hands also pick a lot of BTC on this sub 300 price. Once the train goes off the station again, never complain and never cry, you had your 2nd chance.

Yea but there are always new markets, capitalism never ends (unless you insert some reds).

Alot of altcoins now below at 1 cent, who knows which one will hit 1 billion market cap next, so you had your chance there too, i can say  Cheesy

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futureofbitcoin
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May 15, 2015, 08:30:55 PM
 #519

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

Thats what people don't get. What we are seeing is a magical gift, and opportunity to get it cheap as hell again, while the big money hands also pick a lot of BTC on this sub 300 price. Once the train goes off the station again, never complain and never cry, you had your 2nd chance.
That's just not true. If they let it fall from 1200 to 200, why not from 200 to 40? from 40 to 8? You might have your whole savings in bitcoin, but for the really big guys, the amount they have in bitcoin is almost insignificant to them.

Besides, any real investor will have learned to trade base on logic, not on emotions. They're not going to waste resources losing more money. If something fails, they'll pull out asap, they're not going to think "omg, what if it goes up another 5% then I can make back another $20,000". That's the kind of thinking of people who end up losing everything.

*I'm a bitcoin bull. But I don't believe in using false logic to comfort ourselves and delude ourselves into thinking there are no risks.

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May 15, 2015, 09:30:15 PM
 #520

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

Thats what people don't get. What we are seeing is a magical gift, and opportunity to get it cheap as hell again, while the big money hands also pick a lot of BTC on this sub 300 price. Once the train goes off the station again, never complain and never cry, you had your 2nd chance.
That's just not true. If they let it fall from 1200 to 200, why not from 200 to 40? from 40 to 8? You might have your whole savings in bitcoin, but for the really big guys, the amount they have in bitcoin is almost insignificant to them.

Besides, any real investor will have learned to trade base on logic, not on emotions. They're not going to waste resources losing more money. If something fails, they'll pull out asap, they're not going to think "omg, what if it goes up another 5% then I can make back another $20,000". That's the kind of thinking of people who end up losing everything.

*I'm a bitcoin bull. But I don't believe in using false logic to comfort ourselves and delude ourselves into thinking there are no risks.

Yea but now you are confusing traders with investors.

A trader will have no impact on the price's highness itself, a trader only tightens the spread and ads liquidity to it. Some will win and some will lose but its a zero sum game.

An investor will need rational requirements for to invest in bitcoin, but since it's established, sometimes a low price is enough. Perhaps a few good news.


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