goxed (OP)
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Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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June 24, 2012, 06:09:03 AM |
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Due to change in inflation scheme, what would be your best guess?
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Revewing Bitcoin / Crypto mining Hardware.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Technomage
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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June 24, 2012, 11:49:25 AM |
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The result of the vote is showing me the middle finger right now. How cute. I do agree with the result though, more specifically I think that the price will be somewhere between $10 and $15 on that date.
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Denarium closing sale discounts now up to 43%! Check out our products from here! |
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mp420
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June 24, 2012, 01:59:07 PM |
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Around $10, I think. Might be much higher, won't be lower than $5.
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Serge
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Activity: 1050
Merit: 1000
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June 24, 2012, 03:01:41 PM |
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we'll be lucky to have it at $10 at year's end
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proudhon
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Activity: 2198
Merit: 1311
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June 24, 2012, 03:03:39 PM |
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we'll be lucky to have it at $10 at year's end
We'll be lucky to see the price above $6.80 between now and the end of the year. I think my prediction of single digit prices for the next year is solidly on track. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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yogi
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Activity: 947
Merit: 1042
Hamster ate my bitcoin
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June 24, 2012, 03:22:08 PM |
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The recent price rise may be preemptive of the reward dorop. If so I can see the year ending with a speculative bubble.
$12.50.
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YoYa
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June 24, 2012, 03:23:16 PM |
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The result of the vote is showing me the middle finger right now. How cute. I do agree with the result though, more specifically I think that the price will be somewhere between $10 and $15 on that date.
I voted on the basis of this post, Bitcoin will (still)be giving a middle finger to the world come years end.....  |
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FreeMoney
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Activity: 1246
Merit: 1014
Strength in numbers
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June 24, 2012, 03:25:11 PM |
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Due to change in inflation scheme, what would be your best guess?
The scheme is not changing. The current scheme is a constantly falling rate of inflation with discontinuities. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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dancupid
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June 24, 2012, 03:28:49 PM |
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I think about $16 after coming down from a $30+ bubble
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Tomatocage
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Merit: 1222
brb keeping up with the Kardashians
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June 25, 2012, 12:10:21 AM |
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The recent price rise may be preemptive of the reward dorop. If so I can see the year ending with a speculative bubble.
$12.50.
This is what I don't understand. The the forecasted price increase come the block halving always seems to be double the *current* price. A couple months ago it was $10. Now it's $12.50. The target keeps moving  |
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notme
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Activity: 1904
Merit: 1002
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June 25, 2012, 12:14:59 AM |
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The recent price rise may be preemptive of the reward dorop. If so I can see the year ending with a speculative bubble.
$12.50.
This is what I don't understand. The the forecasted price increase come the block halving always seems to be double the *current* price. A couple months ago it was $10. Now it's $12.50. The target keeps moving And by the time we get there it will be mostly priced in. There might be a small rise since some people will still be caught unaware, but I don't expect much. |
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Joric
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Merit: 130
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June 25, 2012, 02:11:00 AM |
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Oh that's just beautiful! Nobody expected it will cost less than $5. Literally 0 people (at the moment of posting).
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1JoricCBkW8C5m7QUZMwoRz9rBCM6ZSy96
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mem
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June 25, 2012, 04:24:47 AM |
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Im calling it now, the price will slump / crash to $3.
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Serge
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Merit: 1000
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June 25, 2012, 04:59:07 AM |
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Im calling it now, the price will slump / crash to $3.
why stop at $3? |
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Technomage
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Activity: 2184
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Affordable Physical Bitcoins - Denarium.com
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June 25, 2012, 11:32:43 AM |
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why stop at $3? Indeed. A drop to $3 in the current Bitcoin situation can only happen if something devastating happens. If something technically devastating happens, it could easily go to pennies. So I agree with this, slow decline makes 0 sense so if you're going for a catastrophy, why stop at $3.  |
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molecular
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June 25, 2012, 11:40:04 AM |
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why stop at $3? Indeed. A drop to $3 in the current Bitcoin situation can only happen if something devastating happens. If something technically devastating happens, it could easily go to pennies. So I agree with this, slow decline makes 0 sense so if you're going for a catastrophy, why stop at $3. Doesn't have to be a catastrophy. Maybe something like bitcoin being made "illegal" (however that is supposed to work) in some important jurisdiction or maybe russia + china introducing a gold currency. That probably would push the price down hard, but not to $0.01. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
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June 25, 2012, 11:55:35 AM |
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Doesn't have to be a catastrophy. Maybe something like bitcoin being made "illegal" (however that is supposed to work) in some important jurisdiction or maybe russia + china introducing a gold currency. That probably would push the price down hard, but not to $0.01.
Wouldn't making Bitcoin illegal push the price up, not down? Historically, prohibition has had little effect on demand for the prohibited goods, but has had a huge impact the available supply. Pretty much everything that has ever been made illegal has gone up in price as a direct result, resulting in huge profits for criminals. Probably not the intended effect. |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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bulanula
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June 25, 2012, 12:50:22 PM |
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Above $10 for sure folks.
It is inevitable ... people hoarding. Reward dropping, ASIC coming showing huge faith in BTC system and its viability etc.
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the joint
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June 29, 2012, 10:57:38 PM |
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Above $10 for sure folks.
It is inevitable ... people hoarding. Reward dropping, ASIC coming showing huge faith in BTC system and its viability etc.
When ASICs hit, I expect the price to drop hard until we reach a point where the value gained from mining with ASICS makes ROI about 100-200 days. |
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adamstgBit
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Activity: 1904
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Trusted Bitcoiner
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June 29, 2012, 11:54:04 PM |
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Above $10 for sure folks.
It is inevitable ... people hoarding. Reward dropping, ASIC coming showing huge faith in BTC system and its viability etc.
When ASICs hit, I expect the price to drop hard until we reach a point where the value gained from mining with ASICS makes ROI about 100-200 days. yes because the ASIC miners dont like to be too profitable, for sure they will sell off all at the same time like mad fools crashing the market... they're not smart enough to form an oligopoly. no way in hell, their just simple folk, pushing buttons for bitcoins
Edit: i dont mean to sound like a sarcastic bitch... you get my drift |
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