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Topic: Bitcoin could be worth 100x more than today. - page 2. (Read 6688 times)

sr. member
Activity: 434
Merit: 250
November 15, 2013, 06:23:43 PM
#54
It's over all very optimistic.. but then again they're dropping millions into it because of said optimism

that is not necessarily true.. they could be pump and dumpers who buy into the system, go around advertising it, which leads to increased prices.. and then a large dump when they've made huge profits.
full member
Activity: 173
Merit: 101
November 15, 2013, 01:15:43 PM
#53
How I am really not sure how the price will settle, I sold almost all now ( yesterday ) and now im waiting for the price to drop and buy. I hope Monday will be the day, something tells me the price will drop to 300$. Even if the price raises I will still earn a lot. So atm I am happy Smiley
hero member
Activity: 1036
Merit: 500
November 15, 2013, 11:45:05 AM
#52
It could also be worth zero if the Bitcoin Foundation decides to go ahead with redlisting certain coins as part of new regulations to appease the US Govt, and these 3rd party companies that monitor the blockchain for tainted coins arent helping either. Regulations cant help Bitcoin, it can and will only eventually kill it. If they want to stop crime thats great but thats not what they want, its just a foothold because they ultimately want total control over the coins and how and where you spend them. Total control means death to Bitcoin.

https://bitcointalksearch.org/topic/mike-hearn-foundations-law-policy-chair-is-pushing-blacklists-right-now-333824
full member
Activity: 140
Merit: 100
Bitcoin - love & hate
November 15, 2013, 10:30:44 AM
#51
A stock in Berkshire Hathaway Inc. is worth $172.000. Bitcoins could surpass that within a decade or so..

Never measure bitcoin in $.
$ is going to crash soon.

It's about time for an exchange in swiss francs. Automatic data exchange with IRS  Grin
legendary
Activity: 2674
Merit: 2965
Terminated.
November 15, 2013, 09:51:42 AM
#50
$10,000 seems like a reasonable number to sell at.
legendary
Activity: 1344
Merit: 1001
November 15, 2013, 06:30:53 AM
#49
If it more than possible when dollar will fall..
hero member
Activity: 490
Merit: 500
November 15, 2013, 06:12:31 AM
#48
I think usd10000 per btc is a fairly inevitable long term outcome

But I cano longer trust my own objectivity  Cheesy
full member
Activity: 182
Merit: 100
November 15, 2013, 06:07:08 AM
#47
Here's hoping OP.
legendary
Activity: 1008
Merit: 1000
November 14, 2013, 10:17:27 AM
#46
A stock in Berkshire Hathaway Inc. is worth $172.000. Bitcoins could surpass that within a decade or so..

Never Smiley cause Berkshire's stock might hit 1million when BTC hit 172,000$...
legendary
Activity: 2674
Merit: 2965
Terminated.
November 14, 2013, 09:48:34 AM
#45
A stock in Berkshire Hathaway Inc. is worth $172.000. Bitcoins could surpass that within a decade or so..
Or even in much less time.
full member
Activity: 200
Merit: 100
November 14, 2013, 07:31:09 AM
#44
A stock in Berkshire Hathaway Inc. is worth $172.000. Bitcoins could surpass that within a decade or so..
sr. member
Activity: 434
Merit: 250
November 14, 2013, 03:00:17 AM
#43
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.


i was going to say the same thing. i don't mean to be some conspiracy theorist, but if a guy owns large shares of gold and tells you to buy buy buy.. well, he's not doing out of the goodness in his heart. see glen beck: http://www.buzzfeed.com/dorsey/glenn-beck-boston-bombing-is-a-reason-to-buy-gold

or basically any other media financial adviser such as jim kramer: http://www.youtube.com/watch?v=BpLfOF4zZW0
full member
Activity: 196
Merit: 100
November 14, 2013, 02:56:02 AM
#42
Rectify the title
sr. member
Activity: 378
Merit: 255
November 14, 2013, 01:21:39 AM
#41
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.

I don't think the Winklevoss twins want to go to jail anytime soon.  You can't just "run off" with an SEC registered fund without going to jail.
legendary
Activity: 2674
Merit: 2965
Terminated.
November 14, 2013, 12:01:25 AM
#40
Anyone would be fine with 1$ per Satoshi !
Mili and micro bitcoin too.
legendary
Activity: 1002
Merit: 1000
Bitcoin
November 13, 2013, 10:17:55 PM
#39
$100,000? wohoo, I will be millionaire if I have 10 BTC now!!

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...

Anyone would be fine with 1$ per Satoshi !
hero member
Activity: 518
Merit: 521
November 13, 2013, 04:54:14 PM
#38
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.
It would take years for one to overtake it.

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.

In 3 more years if unabated Bitcoin's market cap will be in the $trillions. At this point it will be a major percentage of global wealth.

So what is likely to abate Bitcoin's rate of appreciation is saturation of global wealth. Thus by 2016 we should see the mainstream financial system collapsing as I assume moving this much wealth out of it will cause contagion with the $quadrillion of (mostly credit-swaps on bonds) derivatives.

2016 has been the year that Armstrong's models predict the globe turns down into the worst global implosion (much worse than 2008).
hero member
Activity: 518
Merit: 521
November 13, 2013, 04:34:38 PM
#37
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.
It would take years for one to overtake it.

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.
legendary
Activity: 2674
Merit: 2965
Terminated.
November 13, 2013, 04:27:58 PM
#36
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.
It would take years for one to overtake it.
hero member
Activity: 518
Merit: 521
November 13, 2013, 04:18:11 PM
#35
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.
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