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Topic: Bitcoin is about to explode. - page 6. (Read 5147 times)

newbie
Activity: 28
Merit: 0
September 07, 2013, 08:16:47 PM
#16
$1000 a bitcoin and I can quit my day job haha!

It's a dream not real. Don't every think to quit your day job.
hero member
Activity: 574
Merit: 500
September 07, 2013, 06:59:55 PM
#15
Based on the chart I will become millionaire in 2017.
legendary
Activity: 1736
Merit: 1029
September 07, 2013, 06:47:29 PM
#14
Wow, it's going to be a young retirement for me... A chart doesn't prove shit, is there anywhere you got this info from?
full member
Activity: 180
Merit: 100
September 07, 2013, 06:32:07 PM
#13
boottaa boom booota bang!
legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
September 07, 2013, 04:49:13 PM
#12
$1000 a bitcoin and I can quit my day job haha!
member
Activity: 98
Merit: 10
September 07, 2013, 04:09:50 PM
#11
There's one little bump in the road that may derail your (slightly deceptive logarithmic) graph.  That is the big brick wall lurking on the other side of ASICS.  There is a limit to profitable mining.  If Bitcoin has not established itself as the premier means of worldwide exchange before razor thin margins make mining near impossible, there will be a major crisis.

The goal of Bitcoin is not mining. Mining is the means to which to just process the confirmations and release more Bitcoins into the market. It will eventually taper off as the reward is cut in half.

The goal is its anonymity and instant transactions along with its worldwide usage. There will still be demand for that because trust in Government will decline once all this debt catches up with us.
legendary
Activity: 2786
Merit: 1031
September 07, 2013, 04:09:33 PM
#10
There's one little bump in the road that may derail your (slightly deceptive logarithmic) graph.  That is the big brick wall lurking on the other side of ASICS.  There is a limit to profitable mining.  If Bitcoin has not established itself as the premier means of worldwide exchange before razor thin margins make mining near impossible, there will be a major crisis.

Bitcoin mining profitability is directly correlated to fiat/BTC price, if bitcoin price rises, mining becomes more profitable.
newbie
Activity: 15
Merit: 0
September 07, 2013, 04:03:38 PM
#9
There's one little bump in the road that may derail your (slightly deceptive logarithmic) graph.  That is the big brick wall lurking on the other side of ASICS.  There is a limit to profitable mining.  If Bitcoin has not established itself as the premier means of worldwide exchange before razor thin margins make mining near impossible, there will be a major crisis.
sr. member
Activity: 350
Merit: 250
September 07, 2013, 04:02:16 PM
#8
Sell your bitcoins today.
Tomorrow will be too late
legendary
Activity: 2786
Merit: 1031
September 07, 2013, 03:59:14 PM
#7
Well, four more years and I'm a multi-millionaire! Retirement at 35 here I go! Cheesy
member
Activity: 98
Merit: 10
September 07, 2013, 03:59:00 PM
#6
Any instability in any currency or any run on banks such as the case in Cyprus. You will see a flock to Bitcoin, hence raising it's value due to increased demand.  Cheesy Cheesy

SO MINE MINE MINE!!
member
Activity: 84
Merit: 10
September 07, 2013, 03:53:47 PM
#5
So are we all going to get rich?
newbie
Activity: 13
Merit: 0
September 07, 2013, 03:12:17 PM
#4
Nice graph but are you serious!!! Look at what happen to gold this year, do you remember people preaching it it would hit $2000, $5000. Bitcoin is not gold I know but nothing goes straight up. I would be happy if stays at 100, or 130 as today. Maybe then serious investors will get interested.
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
September 07, 2013, 03:12:09 PM
#3
boom
full member
Activity: 120
Merit: 100
September 07, 2013, 03:09:21 PM
#2
And do you have any data to back up your pretty little graph?
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