$10,000 by 2016 very likely - page 2.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: jubalix on November 29, 2013, 03:42:43 AM

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

Peercoin solves this issue

wobber

legendary

Activity: 1064

Merit: 1001

Make it more interesting. Put it 2014

mestar

sr. member

Activity: 407

Merit: 250

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

jballs

member

Activity: 182

Merit: 10

Quote from: bitleif on November 28, 2013, 06:13:16 AM

Quote from: seanneko on November 28, 2013, 05:57:04 AM

Quote from: NUFCrichard on November 28, 2013, 05:01:59 AM

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

Considering we added $1000 to the price in just ONE MONTH, it's certainly possible to hit $10k next year. At the current rate of growth we could hit $14k by Dec 2014.

Extrapolating an exponential curve is pretty dangerous though.

Not as dangerous as shorting one. Wink

c0ldfusi0nz

newbie

Activity: 52

Merit: 0

Last I heard, betsofbitco.in was run by LukeJr who is a well respected forum member and a core developer. You're not likely to find a more trustable bitcoin service. Feel free to correct me if I'm wrong.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: TheD1ceMan on November 28, 2013, 12:43:04 PM

we will see 10k in 2014

This is very possible. We could be at the same stage as the first bubble. Can you buy 100m in btc? Not easily. Is it probable one person wishes to do so? 100% yes.

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: bitleif on November 28, 2013, 06:13:16 AM

Quote from: seanneko on November 28, 2013, 05:57:04 AM

Quote from: NUFCrichard on November 28, 2013, 05:01:59 AM

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

Considering we added $1000 to the price in just ONE MONTH, it's certainly possible to hit $10k next year. At the current rate of growth we could hit $14k by Dec 2014.

Extrapolating an exponential curve is pretty dangerous though.

not on a log graph its not, having said that I think we should only be at $300 right now, $1k stable would be about may 2014

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: jerelimZ on November 28, 2013, 12:56:28 PM

No one betting?
It is safe bet except I would preffer escrow

i would bet but i don't know how trustable the site is. it's sitll the wild wild west right now, so not that safe of a bet.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

Meh 10k that's for sure but 100k by the end of 16 this is interesting

jerelimZ

sr. member

Activity: 447

Merit: 250

No one betting?
It is safe bet except I would preffer escrow

TheD1ceMan

member

Activity: 84

Merit: 10

we will see 10k in 2014

bqxpd

member

Activity: 82

Merit: 10

Quote from: beetcoin on November 28, 2013, 05:47:13 AM

if a big name like western union jumped into the game, it would be funny because they'd probably fall fIat on their face. i think a lot of people would be against it since most of us here are anti establishment.

This is actually one of the inevitable psychological challenges faced by members of every subculture as their shared interest begins to go mainstream. If Bitcoin really has the broad utility we all think it does, it's only a matter of time before people and organizations most of us disapprove of begin benefiting mightily from "our" beloved cryptocurrency. That's going to feel particularly galling in the case of banks and other traditional money transmitters, but there's no avoiding it if broad adoption of Bitcoin really is in the cards.

Hawker

legendary

Activity: 1218

Merit: 1001

Quote from: ?? on ??

Quote from: Hawker on November 28, 2013, 10:56:45 AM

Quote from: Gordonium on November 28, 2013, 10:41:56 AM

Will probably happen in 2014

Atlas you have been here since the beginning. How many Bitcoin do you have stashed away?

Atlas posted in the newbie section under another new name a few months ago. He said he gave up bitcoin and started meditating or some shit.

Sorry Gordonium.

And wow! He timed that well didn't he! Pity as I used enjoy his threads in the Politics forum.

Gordonium

sr. member

Activity: 392

Merit: 250

Quote from: Hawker on November 28, 2013, 10:56:45 AM

Quote from: Gordonium on November 28, 2013, 10:41:56 AM

Will probably happen in 2014

Atlas you have been here since the beginning. How many Bitcoin do you have stashed away?

I am not Atlas.

I_bitcoin

full member

Activity: 168

Merit: 100

Quote from: Gordonium on November 28, 2013, 10:41:56 AM

Will probably happen in 2014

+3.14159

It's the circle of life and it moves us all.

Sindelar1938

hero member

Activity: 490

Merit: 500

Yep, very likely outcome

Hawker

legendary

Activity: 1218

Merit: 1001

Quote from: Gordonium on November 28, 2013, 10:41:56 AM

Will probably happen in 2014

Atlas you have been here since the beginning. How many Bitcoin do you have stashed away?

Gordonium

sr. member

Activity: 392

Merit: 250

Will probably happen in 2014

seanneko

full member

Activity: 196

Merit: 100

Quote from: bitleif on November 28, 2013, 06:13:16 AM

Quote from: seanneko on November 28, 2013, 05:57:04 AM

Quote from: NUFCrichard on November 28, 2013, 05:01:59 AM

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

Considering we added $1000 to the price in just ONE MONTH, it's certainly possible to hit $10k next year. At the current rate of growth we could hit $14k by Dec 2014.

Extrapolating an exponential curve is pretty dangerous though.

Absolutely. Is it really an exponential curve though? I just zoomed out to a 12h chart and the November rally pretty much looks like a straight line on the linear chart.

Topic: $10,000 by 2016 very likely - page 2. (Read 5548 times)