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Topic: 2013-11-24 simonwinder.com Bitcoin – How high can it go? (Read 921 times)

sr. member
Activity: 868
Merit: 250
Quote
If that much money went into Bitcoin, the price would be $39,000 at today’s count of coins in circulation.

Old wisdom says: for every buyer there is a seller. Money does not go into something, it just changes hands. If a few people are selling/buying a small fraction of the float at 10% premium compared to last price,  the whole thing goes up by 10%.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
0 or XXXXXXXXXXX, we will see  Cheesy
newbie
Activity: 54
Merit: 0
Bitcoin – How high can it go?

http://simonwinder.com/2013/11/bitcoin-how-high-can-it-go/

Quote
In this article, I examine the possible investment upside of virtual currencies, and Bitcoin in particular. I then discuss some of the threats that investors and adopters must watch out for during what is likely to be a rapidly changing landscape full of opportunities for drastic success and failure.

If you read the article, you will see a very interesting price estimate ...  Wink

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