7 digits before the end of the year. - page 2.

chessnut

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Quote from: bitbob82 on May 27, 2014, 04:30:49 AM

lets see,

say that suddenly out of no where, bill gate and warren buffet both decided to sell everything and buy bitcoin

so they both got like 120 billion dollar

say if both of them go to the exchange and buy 1 bitcoin = 1 million dollar, they can only manage to buy 120,000 bitcoin

but as far as you know, there are 12 million bitcoin in circulation and if 10% bitcoin want to sell off for 1 miliion each, you have 10 times the supply over the demand

you can only wish that only 1% of the bitcoin in circulation wanna sell of at 1 million each so you can sustain the price for like a few seconds

so the conclusion is

NOPE, wont happen

there are more than 1500 billionaires in the world, net worth 45 trillion. there is a lot more where that came from too.

bitbob82

hero member

Activity: 630

Merit: 500

lets see,

say that suddenly out of no where, bill gate and warren buffet both decided to sell everything and buy bitcoin

so they both got like 120 billion dollar

say if both of them go to the exchange and buy 1 bitcoin = 1 million dollar, they can only manage to buy 120,000 bitcoin

but as far as you know, there are 12 million bitcoin in circulation and if 10% bitcoin want to sell off for 1 miliion each, you have 10 times the supply over the demand

you can only wish that only 1% of the bitcoin in circulation wanna sell of at 1 million each so you can sustain the price for like a few seconds

so the conclusion is

NOPE, wont happen

Hyena

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Quote from: blatchcorn on May 27, 2014, 02:44:39 AM

Quote from: Alonzo Ewing on May 26, 2014, 05:25:56 PM

Quote from: blatchcorn on May 25, 2014, 07:14:37 AM

Possible? More unlikely things have happened.

Not with Bitcoin. It has never had a 2000x increase in 6 months.

https://www.youtube.com/watch?v=dZyUWLW7kEI

Unlikely things can happen with bitcoin. Tbh, I am a bear so this is probably a pessimistic forecast by other standards.

Luck has a funny way to change.

blatchcorn

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Quote from: Alonzo Ewing on May 26, 2014, 05:25:56 PM

Quote from: blatchcorn on May 25, 2014, 07:14:37 AM

Possible? More unlikely things have happened.

Not with Bitcoin. It has never had a 2000x increase in 6 months.

https://www.youtube.com/watch?v=dZyUWLW7kEI

Unlikely things can happen with bitcoin. Tbh, I am a bear so this is probably a pessimistic forecast by other standards.

Alonzo Ewing

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Activity: 1040

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Quote from: blatchcorn on May 25, 2014, 07:14:37 AM

Possible? More unlikely things have happened.

Not with Bitcoin. It has never had a 2000x increase in 6 months.

gogxmagog

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Activity: 1456

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Ad maiora!

Quote from: bitsmichel on May 26, 2014, 03:45:25 AM

Quote from: gogxmagog on May 25, 2014, 10:21:58 PM

seven digits, but with a decimal somewhere around the middle.

7 digits? As in 10 million USD per coin? Now that would be something... I think it is more probable to have a digit somewhere in the middle, $1000 to $10.000

no
like this; 0.000001

piramida

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Borsche

let's just hope at least some of those seven digits are not zeroes.

bitcoinsrus

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UnDerDoG81

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Lol 7 digits? You serious? Lets say 4 and I´ll be pretty happy already Cheesy

bitsmichel

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Quote from: gogxmagog on May 25, 2014, 10:21:58 PM

seven digits, but with a decimal somewhere around the middle.

7 digits? As in 10 million USD per coin? Now that would be something... I think it is more probable to have a digit somewhere in the middle, $1000 to $10.000

gogxmagog

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Ad maiora!

seven digits, but with a decimal somewhere around the middle.

E-C.Guru

newbie

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How much is 7 digits..?

100, 000.. no, thats six.

1, 000 000. Wow. Yes, alright, I agree, 7 digits! I can live with that.

And yes, as said, stranger things have happened. I do predict a market crash and some turmoil and war, rising oil and gold-prices etc. Not impossible.

amitrwt

full member

Activity: 140

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even if it goes upto 5k i'll the happiest person around..! I just feel pity for the people who thought it will crash further from 420$-430$ .. should have bought then, still not too late i'll say .

cspeter8

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I think 5 digits before end of year has a significant possibility of happening. I expect between 6000 and ~~11000~~ 20,000 ATH.

I upped this a bit more after looking at straight line trendline of peak prices in http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zvzl

vpitcher07

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This is what I like to call a bull (shit) outlook.

nesevis

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Quote from: Wandererfromthenorth on May 25, 2014, 08:01:51 AM

[img]

Haha, nice one!

Wandererfromthenorth

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Hyena

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Quote from: BitchicksHusband on May 25, 2014, 07:24:53 AM

Quote from: blatchcorn on May 25, 2014, 07:14:37 AM

Possible? More unlikely things have happened.

No, because 7 digits means that bitcoin has taken over as THE payment system used worldwide. Western Union, Paypal, Visa? All thrown away in the dustbin of history because of bitcoin.

That MIGHT happen in 25 years+, but not this year.

Time speeds up with an acceleration (measured by the frequency of innovations, see Terence McKenna's time wave theory). You might want to take the square root from 25. You would end up with just 5 years.

xenon481

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Quote from: BitchicksHusband on May 25, 2014, 07:24:53 AM

Quote from: blatchcorn on May 25, 2014, 07:14:37 AM

Possible? More unlikely things have happened.

No, because 7 digits means that bitcoin has taken over as THE payment system used worldwide. Western Union, Paypal, Visa? All thrown away in the dustbin of history because of bitcoin.

That MIGHT happen in 25 years+, but not this year.

Or it could just mean hyper inflation of the USD which isn't impossible, just unlikely.

bitleif

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I'm always grumpy in the morning.

I predict that by the end of 2014, all ten digits will (still) be used extensively in Bitcoin pricing.

Topic: 7 digits before the end of the year. - page 2. (Read 4072 times)