$1 Trillion Bitcoin - page 2. | Bitcointalksearch.org

nobbynobbynoob

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Annuit cœptis humanae libertas

Quote from: wormbog on April 30, 2013, 10:22:18 AM

One million $ per BTC in 2013? Seriously guys, that's just ridiculous.

It does sound ridiculous, doesn't it? But then, so does the idea that the Fed is "printing" $85 billion every month as part of its (cough, euphemism) "quantitative easing" program.

We can rise an order of magnitude or two within the next couple of years, I think, but of course past performance is no guarantee of future results. If you'd told me five months ago that now bitcoin would be trading at $130+ and litecoin at $4, I would have wondered what drugs you were on. Grin

rpietila

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Quote from: wormbog on April 30, 2013, 10:22:18 AM

One million $ per BTC in 2013? Seriously guys, that's just ridiculous.

Instead of outright denial, why don't you post some proof?

Currently I don't see a proof anywhere in this world that Bitcoin can go to zero, OR that it can go anywhere but up in the months and months to come.

wormbog

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One million $ per BTC in 2013? Seriously guys, that's just ridiculous.

bitcool

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Live and enjoy experiments

Quote from: bitleif on April 30, 2013, 08:09:50 AM

Quote from: bitcool on April 30, 2013, 06:43:55 AM

Mother nature doesn't like singularity , that's why you don't see it, ever .

Except, um, black holes?

exactly, when you "see" it, you've passed event horizon, and you know what's waiting for you Wink

Raize

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Quote from: rpietila on April 30, 2013, 08:13:10 AM

I am already creating serious ripples, when I jetset around the town trying to corner all prime available office space since I know, the other bitcoin millionaires/HNWI:s will be after the same thing in as little as 30-60 days.

What you described, blokes suddenly being lifted to world class, is exactly the mechanism that will finish bitcoin's rise from <1,000 to >1,000,000 this year. It just cannot take any longer any more. This is not 2011.

I have also been looking at commercial real estate.

I think a large number of us would have changed lives if Bitcoin hit $1,000. I don't see it going to even $10,000 anytime soon.

Birdy

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Quote from: rpietila on April 30, 2013, 09:01:13 AM

During the heyday before the 266 crash, $10 million invested into bitcoin increased the marketcap by $100 million. This is because most of the coins are not traded, and will not be. The large holders do understand what I am saying, and will leave the haters to hate (and me to fend it off), while we all accumulate more and more bitcoins. I am not selling unless for investment, any time before $100k, and probably as we are there, I will have a hard time to start unloading, since the world will be all about bitcoin.

In January, if you bought bitcoins and mentioned it in a ball, they were looking at you like this: Shocked

When bitcoin hits $100k, and you talk about soon selling yours, it will be the same: Shocked

Although I'm not quite as optimistic as you, I think Bitcoin is the lottery ticket with highest chance of winning you can buy right now.
There is a realistic chance for 1M$ Bitcoins indeed, but I don't think it's for certain.

@everyone: So, if you know people playing lottery, tell them to buy Bitcoins instead xD

rpietila

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Quote from: w00t on April 30, 2013, 08:36:54 AM

Quote from: rpietila on April 30, 2013, 07:48:52 AM

Just tell me, how (by what mechanism) can you stop all the money in the world from trying to enter into bitcoin in the following 7 months?

There are no bitcoins for sale, until the price is very high. There is only about 1.5MBTC in weak hands now. I will consider selling the bulk of mine at above $1M. I think that is substantially above the long term realistic value of $300k.

So you think there will be spike at about 1M USD per BTC?

Looking at the numbers - the global wealth is about 222 trillion USD and about 1/3 (on average) is held in liquid assets. So we are looking at BTC to be going worth at max 74 trillion/21million which is about 3.5 million USD per 1 BTC.

Yeah 1 million spike sounds reasonable.

During the heyday before the 266 crash, $10 million invested into bitcoin increased the marketcap by $100 million. This is because most of the coins are not traded, and will not be. The large holders do understand what I am saying, and will leave the haters to hate (and me to fend it off), while we all accumulate more and more bitcoins. I am not selling unless for investment, any time before $100k, and probably as we are there, I will have a hard time to start unloading, since the world will be all about bitcoin.

In January, if you bought bitcoins and mentioned it in a ball, they were looking at you like this: Shocked

When bitcoin hits $100k, and you talk about soon selling yours, it will be the same: Shocked

Zangelbert Bingledack

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Quote from: bitleif on April 30, 2013, 08:09:50 AM

Quote from: bitcool on April 30, 2013, 06:43:55 AM

Mother nature doesn't like singularity , that's why you don't see it, ever .

Except, um, black holes?

Black holes are nonsense, because infinite gravity is nonsense (literally a meaningless string of words). /OT

farfiman

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Quote from: rpietila on April 30, 2013, 07:48:52 AM

Just tell me, how (by what mechanism) can you stop all the money in the world from trying to enter into bitcoin in the following 7 months?

There are no bitcoins for sale, until the price is very high. There is only about 1.5MBTC in weak hands now. I will consider selling the bulk of mine at above $1M. I think that is substantially above the long term realistic value of $300k.

So Justin Beiber just got 1 M $ richer....he really needed that Wink

Zangelbert Bingledack

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Quote from: rpietila on April 30, 2013, 08:13:10 AM

What you described, blokes suddenly being lifted to world class, is exactly the mechanism that will finish bitcoin's rise from <1,000 to >1,000,000 this year. It just cannot take any longer any more. This is not 2011.

Could you elaborate on the mechanism? Do you mean people the newly rich will brag to their friends and get everyone in on it? Or something more than that?

SkRRJyTC

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https://www.youtube.com/watch?v=YD3RNouwvOU

w00t

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Quote from: rpietila on April 30, 2013, 07:48:52 AM

Just tell me, how (by what mechanism) can you stop all the money in the world from trying to enter into bitcoin in the following 7 months?

There are no bitcoins for sale, until the price is very high. There is only about 1.5MBTC in weak hands now. I will consider selling the bulk of mine at above $1M. I think that is substantially above the long term realistic value of $300k.

So you think there will be spike at about 1M USD per BTC?

Looking at the numbers - the global wealth is about 222 trillion USD and about 1/3 (on average) is held in liquid assets. So we are looking at BTC to be going worth at max 74 trillion/21million which is about 3.5 million USD per 1 BTC.

Yeah 1 million spike sounds reasonable.

rpietila

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Quote from: Zangelbert Bingledack on April 30, 2013, 07:59:14 AM

"Singularity" is a human term, referencing when exponential growth crosses significant human-scale thresholds.

For example, if a middle-class guy bought 100 BTC for $200 last year, exponential growth of his holdings even up to $20,000 has felt to him like "neat, but not a big deal."

However, if that exponential growth continues apace and his worth reaches $2,000,000 next year, suddenly it's life-changing. And then in another two years he's one of the richest men alive. It feels like a singularity, because even though the growth has followed the same exponent all along, it just recently passed the thresholds of his human scale that make a big difference for him.

+1

I am already creating serious ripples, when I jetset around the town trying to corner all prime available office space since I know, the other bitcoin millionaires/HNWI:s will be after the same thing in as little as 30-60 days.

What you described, blokes suddenly being lifted to world class, is exactly the mechanism that will finish bitcoin's rise from <1,000 to >1,000,000 this year. It just cannot take any longer any more. This is not 2011.

bitleif

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I'm always grumpy in the morning.

Quote from: bitcool on April 30, 2013, 06:43:55 AM

Mother nature doesn't like singularity , that's why you don't see it, ever .

Except, um, black holes?

Zangelbert Bingledack

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Quote from: bitcool on April 30, 2013, 06:43:55 AM

Mother nature doesn't like singularity , that's why you don't see it, ever .

"Singularity" is a human term, referencing when exponential growth crosses significant human-scale thresholds.

For example, if a middle-class guy bought 100 BTC for $200 last year, exponential growth of his holdings even up to $20,000 has felt to him like "neat, but not a big deal."

However, if that exponential growth continues apace and his worth reaches $2,000,000 next year, suddenly it's life-changing. And then in another two years he's one of the richest men alive. It feels like a singularity, because even though the growth has followed the same exponent all along, it just recently passed the thresholds of his human scale that make a big difference for him.

rpietila

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Just tell me, how (by what mechanism) can you stop all the money in the world from trying to enter into bitcoin in the following 7 months?

There are no bitcoins for sale, until the price is very high. There is only about 1.5MBTC in weak hands now. I will consider selling the bulk of mine at above $1M. I think that is substantially above the long term realistic value of $300k.

Piper67

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Quote from: bitcool on April 30, 2013, 06:43:55 AM

Mother nature doesn't like singularity , that's why you don't see it, ever .

Actually, mother nature loves singularities, but I suspect we have a slightly different definition of what a singularity is.

bitcool

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Live and enjoy experiments

Mother nature doesn't like singularity , that's why you don't see it, ever .

w00t

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Quote from: rpietila on April 30, 2013, 06:03:03 AM

It's gonna be bitcoin for sure. It cannot be stopped anymore, no way. I think it will reach $1M (per BTC) before Christmas this year, but the long-term value is not so high.

Well I wouldn't be angry if it was, though I'd rather bet on a number like 10 thousand USD per 1 BTC at the time close to end of the year.

rpietila

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Quote from: Nikolaj06 on April 30, 2013, 06:10:19 AM

Quote from: rpietila on April 30, 2013, 06:03:03 AM

It's gonna be bitcoin for sure. It cannot be stopped anymore, no way. I think it will reach $1M (per BTC) before Christmas this year, but the long-term value is not so high.

Woah steady there cowboy..

I do not think bitcoin can handle that amount just yet. Sure it might look into 4 digits, but we need a lot wider availability and recognition before we can even talk about 6 let alone 7 digits.. Sure WU could be a big factor if they take the right measures, and I'm pretty sure that the bitcoin ATM will also have quite an impact. That being said, what makes you believe that it will hit the sky so soon? (I'm leaning towards high-end 6 digits in 5-10 years)

Read this. All of it.

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