Bitcoin 2014 – Top 10 predictions - page 2.

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: EvilPanda on January 14, 2014, 08:14:22 AM

Quote from: guybrushthreepwood on January 14, 2014, 06:27:56 AM

Quote from: EvilPanda on January 14, 2014, 05:52:51 AM

I would be happy even if the price reached $1500 this year. Any growth is good and a slow and steady one is even better

Well I think you'll be very happy. If even one semi-big retailer accepts it this will have remarkable push on the price. The slow adoptin of many smaller retailers will also have a creeping effect.

Overstock's acceptance didn't move the price up, some even say it pushed it down.

It's not an instant event.

Overstock actually pushed the price down because they instantly sell for USD at whatever the current asking price might be. The force that drives the price back up is the people who want to buy a good or service and realize that they can save money by buying Bitcoin today and spending it in a few weeks.

guybrushthreepwood

legendary

Activity: 1232

Merit: 1195

Quote from: EvilPanda on January 14, 2014, 08:14:22 AM

Quote from: guybrushthreepwood on January 14, 2014, 06:27:56 AM

Quote from: EvilPanda on January 14, 2014, 05:52:51 AM

I would be happy even if the price reached $1500 this year. Any growth is good and a slow and steady one is even better

Well I think you'll be very happy. If even one semi-big retailer accepts it this will have remarkable push on the price. The slow adoptin of many smaller retailers will also have a creeping effect.

Overstock's acceptance didn't move the price up, some even say it pushed it down.

I'd never even heard of Overstock until they announced there involvement with Bitcoin, but let's change 'semi-big' to 'big' then lol.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: guybrushthreepwood on January 14, 2014, 06:27:56 AM

Quote from: EvilPanda on January 14, 2014, 05:52:51 AM

I would be happy even if the price reached $1500 this year. Any growth is good and a slow and steady one is even better

Well I think you'll be very happy. If even one semi-big retailer accepts it this will have remarkable push on the price. The slow adoptin of many smaller retailers will also have a creeping effect.

Overstock's acceptance didn't move the price up, some even say it pushed it down.

guybrushthreepwood

legendary

Activity: 1232

Merit: 1195

Quote from: EvilPanda on January 14, 2014, 05:52:51 AM

I would be happy even if the price reached $1500 this year. Any growth is good and a slow and steady one is even better

Well I think you'll be very happy. If even one semi-big retailer accepts it this will have remarkable push on the price. The slow adoptin of many smaller retailers will also have a creeping effect.

bitpop

legendary

Activity: 2912

Merit: 1060

Both miners are scams. This article is shit. Ignorant.

guybrushthreepwood

legendary

Activity: 1232

Merit: 1195

Quote from: coinnext on January 14, 2014, 06:01:35 AM

Quote from: kaysersoze on January 13, 2014, 03:23:32 PM

3. There will be less than 5 alt-coins (out of the 50+ in existence) that will survive 2014

I strongly disagree, there will always be alternatives.

There will be hundreds if not thousands of 'alternatives' The market will become saturated at one point and most people wont bother mining any way.

ljudotina

legendary

Activity: 1260

Merit: 1029

Quote from: jbreher on January 14, 2014, 02:09:12 AM

Quote from: wickedgoodtrader on January 13, 2014, 10:55:18 PM

it cost me a fucking dollar (.001btc) to do it.

You realize, of course, that the _standard_ transaction fee is 0.0001, right? Sounds like you need to reconfigure your client - you're paying ten times over the going rate.

Ouch. Configuration can be real hassle Cheesy

coinnext

member

Activity: 112

Merit: 10

Quote from: kaysersoze on January 13, 2014, 03:23:32 PM

3. There will be less than 5 alt-coins (out of the 50+ in existence) that will survive 2014

I strongly disagree, there will always be alternatives.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

I would be happy even if the price reached $1500 this year. Any growth is good and a slow and steady one is even better

guybrushthreepwood

legendary

Activity: 1232

Merit: 1195

Quote from: SirBitsalot on January 13, 2014, 06:34:14 PM

Quote from: guybrushthreepwood on January 13, 2014, 06:09:18 PM

Quote from: kaysersoze on January 13, 2014, 03:23:32 PM

3. There will be less than 5 alt-coins (out of the 50+ in existence) that will survive 2014

50+ in existence? Somebody didn't do their research. There'll probably be nearly 50 coins coming out a month this year.

And hundreds by the end of the year! But hey, I guess that's why he put the + sign right?!

Hundreds is probably a conservative estimate. We'll be in the thousands with these currency generators popping up.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: wickedgoodtrader on January 13, 2014, 10:55:18 PM

it cost me a fucking dollar (.001btc) to do it.

You realize, of course, that the _standard_ transaction fee is 0.0001, right? Sounds like you need to reconfigure your client - you're paying ten times over the going rate.

wickedgoodtrader

full member

Activity: 220

Merit: 100

#2 is not true. The number of transactions are not increasing nearly as fast as they need to to overcome the the drop in reward when the block halves. The 2nd part about transaction fees rising is true however, and they are way damn too expensive! I paid $7 worth of btc when it was at $1000 and it cost me a fucking dollar (.001btc) to do it.

wolfeen

newbie

Activity: 14

Merit: 0

There are nearly 50 salt bitcoins, and they went out in two months in the YEAR.

gortonc

newbie

Activity: 35

Merit: 0

Great list. I hope you're right.

Another big question--will we see the elimination of the 51% threat? Undecided

pungopete468

hero member

Activity: 1470

Merit: 504

I think a lot of people will be spending tax return money on BTC. The sheer growth of public awareness pretty much guarantees it.

There will be a lot of money invested soon by a lot of people who are expecting tax returns. I just don't know how much... But seriously I wouldn't be surprised at $5,000 per Bitcoin in or around March.

augustocroppo

vip

Activity: 756

Merit: 504

Quote from: kaysersoze on January 13, 2014, 03:23:32 PM

2. Mining ‘will not’ be dead

A lot of press notes and individual viewpoints state that mining is dead as we are already in the petahash domain and are restricted by Moore’s law from a technological stand point. I believed this until I heard Butterfly Labs and HighBitcoin talk about how enterprises can potential adopt mining. With transactions and transaction fees rising, it would be highly profitable for large enterprises to have data centers with mining equipment to process daily transactions.

Beware!

This article is promoting two suspicious business.

SirBitsalot

newbie

Activity: 42

Merit: 0

Quote from: pungopete468 on January 13, 2014, 07:07:08 PM

I wouldnt be surprised if Bitcoin was 5,000 by March.

What will you be doing with your tax refund?

Pretty much any money that I get that isn't from work or in cash, I'm going to put into bitcoins.

pungopete468

hero member

Activity: 1470

Merit: 504

I wouldnt be surprised if Bitcoin was 5,000 by March.

What will you be doing with your tax refund?

Frost000

full member

Activity: 168

Merit: 100

I can definitely see a lot more venture capital investments for Bitcoin-related services and whatnot in 2014. I'd love to see the price jump to $4-5k by the end of the year, but that'll depend more on wide adoption I think... Which is still a mystery!

In any case fun read!

battlescars

member

Activity: 98

Merit: 10

Well thats good news, everything yo ustates is positive for BTC in a positive way, Great news to read,
i hope you are right about the btc rising to 5k tha would really help me.

Topic: Bitcoin 2014 – Top 10 predictions - page 2. (Read 3366 times)