Topic: Bitcoin could be worth 100x more than today. - page 2. (Read 6683 times)

It's over all very optimistic.. but then again they're dropping millions into it because of said optimism

A stock in Berkshire Hathaway Inc. is worth $172.000. Bitcoins could surpass that within a decade or so..

A stock in Berkshire Hathaway Inc. is worth $172.000. Bitcoins could surpass that within a decade or so..

A stock in Berkshire Hathaway Inc. is worth $172.000. Bitcoins could surpass that within a decade or so..

The Winklevoss brothers have a vested interest as they hold large stocks of Bitcoin, previously quoted to be 1% of Bitcoins, and have opened a fund around it, and so they would be expected to be bullish on Bitcoin. Success in their fund and personal net worth depends on them convincing others to invest in their dream.  For them the sky is the limit, and a Bitcoin has potential to be worth $40,000 or more.  It would be surprising if they did not have this attitude.

Now ask a a banker being asked by a miner to underwrite a proposal to build a datacentre of equipment containing new HashFast Sierras. The lender may appear to be prudent in using the current value of Bitcoins and then quartering it or quadrupling it, say from $400 to $100, or $400 to $1,600, over a year to examine the project probable outcomes.

The reality in the long term is somewhere in the middle, where the price of Bitcoins is given as:

   PRICE = TRANSACTIONS VALUE + INVESTMENT VALUE

Examples of positive forces would be if Ebay or Amazon incorporated Bitcoin into their processing system, then the Transaction Value will be enormous.  By further example of a positive influence would be if the Chinese were to hold more Bitcoins than ounces of Gold as a store of savings, then the Investment Value would be be massive.

Against this is are politicians running governments feeling a need to take a stance against Bitcoins due to the advantage it offers for hiding the identities of perpetrators of blackmail, such as Bitcoin payment extorted to recover your files on computer.  There are also hackers waiting to take any means to steal other persons Bitcoins, such as the exploit on android phones they used to empty phone wallet.

No one can predict the future price of Bitcoins, however when listening to predictions try to discover the vested interest of the soothsayer.  Is it a dodgy manager at Butterfly Labs wanting you to upgrade rather than cancel your 12 month old pre-order who talks of Bitcoin in the thousands, or is it someone posting on this forum how wonderful and profitable their equipment may become if Bitcoin soars as hidden to members they are actually selling their uneconomical equipment on Ebay.

If they run off with everyone's money or the ETF drops off the exchange don't say I didn't warn you, seems like a fine way to syphon BTC off unsuspecting investors.

Anyone would be fine with 1$ per Satoshi !

It's too much. Nobody will pay that amount for 1 coin. Not even 10,000 for 0.1 or 1000 for 0.01. It's insane.

1000-3000? Maybe...

If Bitcoin's price is rising 10X per year, and an altcoin is rising 100X per year, then starting from $1000 versus $0.01, the altcoin reaches price parity at 5 years.

A giant sucking sound of jealously.

However, before parity that 10X would slow down, so figure on the order of 3 years if this ratio applied. Who knows what the actual ratio would be. It depends on the impact of the relative feature sets.

In most cases, it could not happen. The feature set of the altcoin would have be undeniably superior beyond any reasonable doubt.

It would take years for one to overtake it.

Other than ALL governments filtering the protocol on the internet (which is very unlikely), the only thing that could potentially slowdown Bitcoin's meteoric rise in price at this stage is an altcoin that is better than Bitcoin. But it would take some time for that altcoin to reach enough market capitalization to have this effect.

Such an altcoin might immediately be appreciating faster than Bitcoin.