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MilesJohan
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February 28, 2015, 09:51:55 PM |
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Obviously there's nothing to lose. With the euro situation which is already getting bad as days go by, switching to bitcoin means at least there is still some hope left. I would rather diversify investment portfolio to different areas rather than continue to hold on to fiat.
Just for the sake of being precise, there is some risk involved in Bitcoin, too. In a not improbable scenario, when Bitcoin is substituted with Bitcoin 2.0 (or any new altcoin that rises to dominance) someone holding and forgetting about bitcoins, may lose it all. If altcoin replaces bitcoin, it is then a fact that another altcoin will replace that altcoin, if u get me. I doubt an altcoin would ever replace it. The only thing that might come close is Ethereum. But even that will never replace bitcoin. |
MileyJohanson
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If you want to be a moderator, report many posts with accuracy. You will be noticed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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chopstick
Legendary
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Activity: 992
Merit: 1000
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March 01, 2015, 12:11:50 AM |
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You guys are missing the big picture here.
By the year 2020 Hillary Clinton will have been elected, a major false flag involving nuclear weapons will have occurred, and we will most likely be well on our way to WW3, martial law will have been declared, and alternative currencies like bitcoin will probably be outlawed. A large number of people will be in FEMA camps.
Just so you know
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AtheistAKASaneBrain
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March 01, 2015, 12:29:02 AM |
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You guys are missing the big picture here.
By the year 2020 Hillary Clinton will have been elected, a major false flag involving nuclear weapons will have occurred, and we will most likely be well on our way to WW3, martial law will have been declared, and alternative currencies like bitcoin will probably be outlawed. A large number of people will be in FEMA camps.
Just so you know
Thats too pessimistic. By 2020 Bitcoin should be way higher, and by 2025 anyone holding 100 Bitcoin should have a guaranteed retirement. It's either this or Bitcoin failed. 2025 by looking at the mining rewards will be the deciding year. |
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Biodom
Legendary
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Activity: 3738
Merit: 3843
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March 01, 2015, 01:03:45 AM |
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You guys are missing the big picture here.
By the year 2020 Hillary Clinton will have been elected, a major false flag involving nuclear weapons will have occurred, and we will most likely be well on our way to WW3, martial law will have been declared, and alternative currencies like bitcoin will probably be outlawed. A large number of people will be in FEMA camps.
Just so you know
Thats too pessimistic. By 2020 Bitcoin should be way higher, and by 2025 anyone holding 100 Bitcoin should have a guaranteed retirement. It's either this or Bitcoin failed. 2025 by looking at the mining rewards will be the deciding year. I like the post on reddit (don't have it handy, quote from memory). The guy is 37, aiming for 42 coins this summer, plans to sell 1 BTC each year on his birthday, starting in the summer of 2016, just as we have another reward halving. He will sell out by his 81 birthday in 2058. |
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SmoothCurves
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March 01, 2015, 01:31:23 AM |
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Bitcoin is at around 500k/coin in 2021
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manis
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March 01, 2015, 01:50:34 AM |
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You guys are missing the big picture here.
By the year 2020 Hillary Clinton will have been elected, a major false flag involving nuclear weapons will have occurred, and we will most likely be well on our way to WW3, martial law will have been declared, and alternative currencies like bitcoin will probably be outlawed. A large number of people will be in FEMA camps.
Just so you know
Thats too pessimistic. By 2020 Bitcoin should be way higher, and by 2025 anyone holding 100 Bitcoin should have a guaranteed retirement. It's either this or Bitcoin failed. 2025 by looking at the mining rewards will be the deciding year. I like the post on reddit (don't have it handy, quote from memory). The guy is 37, aiming for 42 coins this summer, plans to sell 1 BTC each year on his birthday, starting in the summer of 2016, just as we have another reward halving. He will sell out by his 81 birthday in 2058. A well planned systematic divestment plan. I like it! |
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TrailingComet
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March 01, 2015, 07:37:24 AM |
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I think there is maybe a 20% chance of btc at $10000+ by 2020
80% chance of zero
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Monnt
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Activity: 938
Merit: 1000
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March 01, 2015, 07:41:36 AM |
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By 2020 fiat will be worth nothing.
So why measure it in fiat then?
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CoinCidental
Legendary
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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March 01, 2015, 12:53:25 PM |
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I think there is maybe a 20% chance of btc at $10000+ by 2020
80% chance of zero
I think you have the right numbers but you have them the wrong way around  |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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March 01, 2015, 01:14:21 PM |
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clear.
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micky123
Legendary
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Activity: 1022
Merit: 1005
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March 02, 2015, 08:06:11 AM |
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Ok, Maybe we should look at it this way: 1) You could be a millionaire (and retired). 2) You could be a pauper. 3) You could have just lost some insignificant amount of money. Points 2 and 3 depends on how you look at bitcoin as an investment. If you go all in with money that is needed to live in your everyday life, you may end up as point 2. On the other hand, if you invest smartly (read: invest money you can afford to lose in case bitcoin goes bust), you may end up at Point 3. I am hoping for point 1 to come true just as everyone (or most people) on here. The way i see it, its a 50 / 50 chance and i will take those odds any day. Those odds are way better than flushing your money down the lotto toilet imo.  |
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pooya87
Legendary
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Activity: 3430
Merit: 10495
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March 02, 2015, 03:45:58 PM |
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Obviously there's nothing to lose. With the euro situation which is already getting bad as days go by, switching to bitcoin means at least there is still some hope left. I would rather diversify investment portfolio to different areas rather than continue to hold on to fiat.
Just for the sake of being precise, there is some risk involved in Bitcoin, too. In a not improbable scenario, when Bitcoin is substituted with Bitcoin 2.0 (or any new altcoin that rises to dominance) someone holding and forgetting about bitcoins, may lose it all. If altcoin replaces bitcoin, it is then a fact that another altcoin will replace that altcoin, if u get me. I doubt an altcoin would ever replace it. The only thing that might come close is Ethereum. But even that will never replace bitcoin. nothing will ever, never ever replace bircoin in our lifetime. if bitcoin fails the world (the world of bitcoin users) will go into depression and everyone will simply leave the whole cryptocurrency and never look back |
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micky123
Legendary
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Activity: 1022
Merit: 1005
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March 02, 2015, 06:16:50 PM |
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Obviously there's nothing to lose. With the euro situation which is already getting bad as days go by, switching to bitcoin means at least there is still some hope left. I would rather diversify investment portfolio to different areas rather than continue to hold on to fiat.
Just for the sake of being precise, there is some risk involved in Bitcoin, too. In a not improbable scenario, when Bitcoin is substituted with Bitcoin 2.0 (or any new altcoin that rises to dominance) someone holding and forgetting about bitcoins, may lose it all. If altcoin replaces bitcoin, it is then a fact that another altcoin will replace that altcoin, if u get me. I doubt an altcoin would ever replace it. The only thing that might come close is Ethereum. But even that will never replace bitcoin. nothing will ever, never ever replace bircoin in our lifetime. if bitcoin fails the world (the world of bitcoin users) will go into depression and everyone will simply leave the whole cryptocurrency and never look back Interesting, Bircoin? New one there! |
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gentlemand
Legendary
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Activity: 2590
Merit: 3008
Welt Am Draht
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March 02, 2015, 06:20:07 PM |
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nothing will ever, never ever replace bircoin in our lifetime. if bitcoin fails the world (the world of bitcoin users) will go into depression and everyone will simply leave the whole cryptocurrency and never look back
Crypto will leave enough technical ideas to carry on affecting the world no matter what happens to bitcoin itself. And if it did fail, it's not going to stop an endless loop of opportunists trying different variations on the same idea. |
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uki
Legendary
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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March 03, 2015, 11:36:45 PM |
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nothing will ever, never ever replace bircoin in our lifetime. if bitcoin fails the world (the world of bitcoin users) will go into depression and everyone will simply leave the whole cryptocurrency and never look back
Crypto will leave enough technical ideas to carry on affecting the world no matter what happens to bitcoin itself. And if it did fail, it's not going to stop an endless loop of opportunists trying different variations on the same idea. That is my point, too. Bitcoin can be replaced, by some other "improved coin", the same way Internet Explorer or Netscape were replaced. Back at the time, when these browsers were dominant, people were also thinking of them as something for their lifetime. And look where we are now. |
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doc12
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Activity: 1284
Merit: 1042
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March 03, 2015, 11:40:07 PM |
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I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset ... the digital gold  |
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Bralex
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March 03, 2015, 11:47:05 PM |
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I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset ... the digital gold It will never be $10000 in 2020 it will never be that ever especially if it is replaced by a 'better' system. The most we have gone to is $1000 and that was because of a massive pump nothing else, be happy if we get back to $500 imo |
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the_sunship
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March 04, 2015, 05:53:45 AM |
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[/quote]
That is my point, too. Bitcoin can be replaced, by some other "improved coin", the same way Internet Explorer or Netscape were replaced. Back at the time, when these browsers were dominant, people were also thinking of them as something for their lifetime. And look where we are now.
[/quote]
You might be right but you are being selective. Amazon hasn't been replaced, eBay, priceline, and many other dot coms from the early internet haven't either. We can't assume all first ideas are failures..
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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March 04, 2015, 11:45:36 AM |
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That is my point, too. Bitcoin can be replaced, by some other "improved coin", the same way Internet Explorer or Netscape were replaced. Back at the time, when these browsers were dominant, people were also thinking of them as something for their lifetime. And look where we are now. [/quote] You might be right but you are being selective. Amazon hasn't been replaced, eBay, priceline, and many other dot coms from the early internet haven't either. We can't assume all first ideas are failures.. [/quote] No, I don't want to assume that. And I would love Bitcoin to stay around for generations. But what I wanted to point is that even some very good ideas that seem non-replaceable at the given point of time, may be seen differently in five, or ten years. |
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AtheistAKASaneBrain
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March 04, 2015, 12:15:20 PM |
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I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset ... the digital gold It will never be $10000 in 2020 it will never be that ever especially if it is replaced by a 'better' system. The most we have gone to is $1000 and that was because of a massive pump nothing else, be happy if we get back to $500 imo What you fail to realize is that there is no better system. The big leap was the blockchain, everything else are small things that can be implemented within Bitcoin itself. |
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