bryant.coleman (OP)
Legendary
Offline
Activity: 3738
Merit: 1217
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 03:26:15 PM |
|
http://money.cnn.com/2015/01/27/investing/bitcoin-winklevoss-twins-gold/But the Internet entrepreneurs are taking it one step further. They believe Bitcoin could one day morph into a gold-like asset class -- or even surpass it. "If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do feel those are very real possibilities." I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
|
|
|
|
qwk
Donator
Legendary
Offline
Activity: 3542
Merit: 3413
Shitcoin Minimalist
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 03:30:55 PM |
|
I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.newinternationaloutlook.com%2Fwp-content%2Fuploads%2F2014%2F05%2Fwarning-this-is-sparta-300.jpg&t=665&c=v5B6oHNXK8umxQ)
|
Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
|
|
|
the joint
Legendary
Offline
Activity: 1834
Merit: 1020
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 03:35:21 PM |
|
http://money.cnn.com/2015/01/27/investing/bitcoin-winklevoss-twins-gold/But the Internet entrepreneurs are taking it one step further. They believe Bitcoin could one day morph into a gold-like asset class -- or even surpass it. "If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do feel those are very real possibilities." I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) It really just depends how viable it turns out to be long-term. If BTC is "good enough" for most people, then it's really not lunacy at all. If hedge funds sink their teeth into the pie at some point, a >trillion-dollar market-cap is hardly unrealistic. Then again, I've been around since 2011, so I've seen that type of growth (surely BTC's current position would have been considered "lunacy" back then, and it was).
|
|
|
|
Ludi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 03:44:07 PM |
|
I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I admire their optimism and tenacity but speculations on the price like this always seem silly. However, if bitcoin did actually go full mainstream adoption like in an ideal scenario I think it could be worth trillions but I can't see this happening sadly.
|
|
|
|
btcshiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 04:17:10 PM |
|
I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I admire their optimism and tenacity but speculations on the price like this always seem silly. However, if bitcoin did actually go full mainstream adoption like in an ideal scenario I think it could be worth trillions but I can't see this happening sadly. I could see the total valuation of companies and infrastructure built around bitcoin reaching $400b but I am not sure btc itself will get there. I did like the video that was above the article, I lived on btc for 24 hours.
|
|
|
|
LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1014
In Satoshi I Trust
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 04:33:55 PM |
|
http://money.cnn.com/2015/01/27/investing/bitcoin-winklevoss-twins-gold/But the Internet entrepreneurs are taking it one step further. They believe Bitcoin could one day morph into a gold-like asset class -- or even surpass it. "If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do feel those are very real possibilities." I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) the same was true from $5 to $1000 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) when you do some math, a 400-500 billions market cap is not unrealistic if bitcoin succeeds. https://www.youtube.com/watch?v=g2nXgK34HIMApple has a 600 billion market cap by the way... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
BitCoinNutJob
Legendary
Offline
Activity: 1316
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 04:40:36 PM |
|
http://money.cnn.com/2015/01/27/investing/bitcoin-winklevoss-twins-gold/But the Internet entrepreneurs are taking it one step further. They believe Bitcoin could one day morph into a gold-like asset class -- or even surpass it. "If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do feel those are very real possibilities." I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I dont wanna be optimistic but people thought it was madness when bitcoin was worth $1 and its 250x that now even with a year long bear market. I dont think anyone knows truly what the price could be. Could just be 1 bitcoin is worth 1 bitcoin with insane purchasing power.
|
|
|
|
pawel7777
Legendary
Offline
Activity: 2548
Merit: 1618
Up to 300% + 200 FS deposit bonuses
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 04:41:58 PM |
|
http://money.cnn.com/2015/01/27/investing/bitcoin-winklevoss-twins-gold/But the Internet entrepreneurs are taking it one step further. They believe Bitcoin could one day morph into a gold-like asset class -- or even surpass it. "If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do feel those are very real possibilities." I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) The key-word here is "if". They didn't say it will happen. Not very likely, but it is possible.
|
|
|
|
BitCoinNutJob
Legendary
Offline
Activity: 1316
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 04:52:09 PM |
|
http://money.cnn.com/2015/01/27/investing/bitcoin-winklevoss-twins-gold/But the Internet entrepreneurs are taking it one step further. They believe Bitcoin could one day morph into a gold-like asset class -- or even surpass it. "If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do feel those are very real possibilities." I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) The key-word here is "if". They didn't say it will happen. Not very likely, but it is possible. I'd put it around 50/50 that we will see a very high market cap in 5 years or it will be dead.
|
|
|
|
bitbouillion
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2015, 08:40:03 PM |
|
Worldwide money stock before the financial crisis was around 10 trillion in US dollars. In the long term 1 trln = 10% of that amount sounds not impossible. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fblogs.r.ftdata.co.uk%2Fgavyndavies%2Ffiles%2F2013%2F07%2Fglobal_liquidity1.png&t=665&c=CA2yM6TcBUQ3Mw)
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 28, 2015, 01:39:18 AM |
|
I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.newinternationaloutlook.com%2Fwp-content%2Fuploads%2F2014%2F05%2Fwarning-this-is-sparta-300.jpg&t=665&c=v5B6oHNXK8umxQ) Ha-ha It's not lunacy if you didn't insert a timeline on when it could be achieved
|
Believing in Bitcoins and it's ability to change the world
|
|
|
bryant.coleman (OP)
Legendary
Offline
Activity: 3738
Merit: 1217
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 29, 2015, 02:49:07 AM |
|
I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I admire their optimism and tenacity but speculations on the price like this always seem silly. Right now, for me this seems to be just another attempt by the Winkelwii to shore up their assets. The market-cap of Visa is around $ 150 billion. And it took them many decades to reach there. For the next 10-20 years, I don't think BTC will overtake Visa in market-cap.
|
|
|
|
Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 29, 2015, 03:16:45 AM |
|
BTC is different from Visa or MasterCard or Discover or American Express.
Those three are credit cards. They are debt. They are payment processors.
BTC is ... well, it's money... When you hold, you don't owe anyone and have to pay the bill in 30 days or something. You also don't have credit limits. And you don't need credit history to purchase, as long as you have the BTC that is needed.
It's cash, behind a cheque that takes an hour to clear. Put the amount, sign it, send.
2 seconds later, everyone sees the transaction. 10 seconds later, you know, more or less, with 90% certainty that the transaction will probably confirm. 10 minutes later, it is confirmed, but you don't really need to wait that long if all you are selling is a cup of coffee.
If the merchant is an online website that is going to send you some sort of tangible good, they can prep your package and mail it the same or next day, with more than enough time to see if your bitcoins are good or not within an hour or two.
|
|
|
|
funtotry
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 29, 2015, 03:18:35 AM |
|
4$ to a thousand dollars. We've seen that before, so whats so different with it now? For bitcoin to succeed the price must rise. The market cap right now is a fraction of some people's wealth, and some billionares don't have 10x more than the amount of cash.
|
|
|
|
LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1014
In Satoshi I Trust
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 29, 2015, 04:05:06 PM |
|
I don't wan't to be pessimistic... but a 250x rise in market cap? For me, this is lunacy. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) I admire their optimism and tenacity but speculations on the price like this always seem silly. Right now, for me this seems to be just another attempt by the Winkelwii to shore up their assets. The market-cap of Visa is around $ 150 billion. And it took them many decades to reach there. For the next 10-20 years, I don't think BTC will overtake Visa in market-cap. i would make a bet that we will reach 150 billion in 10 years (and i usually dont bet)
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 29, 2015, 09:25:49 PM |
|
Winklevoss twins don't seem to know the difference between reality and fantasy. $1,000,000,000,000 / 21,000,000BTC = $47600 per coin. At least it gives us something to lough ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
funtotry
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 29, 2015, 10:32:44 PM |
|
Just think. If the bitcoin market cap hits 1 trillion, anyone with more than a couple satoshis will be the rich in the world. Somone having 1000 btc at 47600 per coin would have 47 MILLION dollars, probably paying less than a quarter of a million for those coins (under 100$ for the early adopters)
|
|
|
|
cr1776
Legendary
Offline
Activity: 4144
Merit: 1307
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 29, 2015, 10:49:36 PM |
|
Winklevoss twins don't seem to know the difference between reality and fantasy. $1,000,000,000,000 / 21,000,000BTC = $47600 per coin. At least it gives us something to lough ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) People said the same thing when it was below $1/BTC. "$1000 per coin? lol. If it hits $10, I'd be shocked." Ditto internet domain names: "Why would those things be valuable?" Whether it will happen or not, who knows, but there is definitely the potential here. The amount of investment in bitcoin startups the last 2 years shows how valuable people think the technology could be. And the people investing are not dumb, they are usually pretty shrewd. It reminds me of the internet in 1995 when there was some awareness (1993 and early 1994, less so - people didn't get it then). Think about Apple - you could've bought a share for $2 in ~2004-2005. Now Apple is nearly a $1 trillion company. 10 years ago, people would've laughed at you for saying Apple might succeed. So, don't be too quick to laugh, they could be right. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
|