Bitcoin Limit. | Bitcointalksearch.org

Febo

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Quote from: log2exp on August 08, 2014, 10:02:56 AM

Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Tell the sellers on bitcoin exchanges stop selling then, not everyone is holder even it's deflationary, otherwise, we are already in thousands $/unit.

well i am not saying of now and of exchanges. But of tomorrow and of stores. If price of money raise daily, then you when you will need to buy shoes you will just delay. if you will pay 10 btc for them today and 9 btc tomorrow you will wait. That is bad for economy. As i see, there is no way btc could ever become world most used currency. But that dont mean, will not gain more users in future.

Quote from: TwinWinNerD on August 05, 2014, 01:25:02 PM

Feel free to make such a coin and look if it is successful. Wink

I am to lazzy to do anything not a world currency. lol

BowieMan

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Is there life on Mars?

Quote from: ihuntbtc on August 08, 2014, 10:28:09 AM

its ok as long as whales are spending it on stuff and not holding 24 7

Why? If whales are holding it, those BTC are out of circulation, making the total amount of BTC in circulation lower. The price would rise because of that. Spending BTC isn't exactly a good thing for the price. Only for the long term success of Bitcoin in general.

JimboToronto

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You're never too old to think young.

Quote from: henryjames1003 on August 04, 2014, 09:18:54 AM

every day money comes to Btc so one Bitcoin becomes more valuable.

And each 10 minutes new 25 BTC comes to world. It's emission. every block creates new Bitcoin and each one becomes less valuable.

Don't forget about lost wallets. As mining rewards decrease, lost coins will outnumber new coins, leading to a decrease in supply.

JimboToronto

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You're never too old to think young.

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

today the price declined 5 USD, so bitcoin is dying . Cry

LOLOLOL

Ibian

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Once again, this obsession with other people losing their coins has to stop. You are free to sell all your coins. Put your personal economy where your mouth is and leave the rest of us the hell alone.

ihuntbtc

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its ok as long as whales are spending it on stuff and not holding 24 7

log2exp

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Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Tell the sellers on bitcoin exchanges stop selling then, not everyone is holder even it's deflationary, otherwise, we are already in thousands $/unit.

BowieMan

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Quote from: henryjames1003 on August 04, 2014, 09:18:54 AM

Do you think there is a limit to the growth of Bitcoin? 1к USD? 2k?
How i can see:
every day money comes to Btc so one Bitcoin becomes more valuable.

And each 10 minutes new 25 BTC comes to world. It's emission. every block creates new Bitcoin and each one becomes less valuable.

So: Bitcoin is growing steadily because money income bigger then emission. I know it's simple and little incorrect explanation.

whether in the future the time when Bitcoin will stop? and at what level?

Over half of the coins that will ever be mined are already in existence, so the total amount of BTC that will be available in the end isn't that much larger than the current amount we already have in circulation. And it'll take us another 100 years to get there! We've seen growth in the days of 50 BTC block rewards, so I don't see any reason why we would stop that growth now that we are at 25 BTC!

martinnew

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Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

It will really be a problem if majority will just hold on to their BTC and think it will make them millionaires someday. Tongue

aminorex

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Sine secretum non libertas

Quote from: TwinWinNerD on August 05, 2014, 01:25:02 PM

Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Feel free to make such a coin and look if it is successful. Wink

Been there, done that. So far, systematically nflationary coins are never adopted, always tend to zero very rapidly.

TwinWinNerD

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Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Feel free to make such a coin and look if it is successful. Wink

Febo

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Activity: 2730

Merit: 1288

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

martinnew

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I will go reviewing the law of demand and supply with regards to this. Grin

TwinWinNerD

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Quote from: ltbharley on August 05, 2014, 11:19:26 AM

Bitcoin higher limit will be 387,290$ in 2024, after that it will drop slowly but steady to 0$ because a new coin (ether) will take its first place among cryptos.

Hehe, see, that are the words of a good troll. Not too extreme but ridiculous enough to get responses Wink

ltbharley

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Bitcoin higher limit will be 387,290$ in 2024, after that it will drop slowly but steady to 0$ because a new coin (ether) will take its first place among cryptos.

LiteCoinGuy

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In Satoshi I Trust

Quote from: TwinWinNerD on August 05, 2014, 06:57:14 AM

Quote from: LiteCoinGuy on August 05, 2014, 06:33:45 AM

Quote from: franky1 on August 04, 2014, 11:43:18 AM

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

really??

but when dollar collapses and you can only buy a loaf of bread for $1000, what do you think bitcoin will be worth?

lol i do love seeing peoples speculations and to then slap their faces with wet fishes using info they never included, that would make their estimates not what they think.

if the dollar doesnt collapse (fiat explosion) then i see a potential in over a decade of $30k-$50k. but if dollar exploded like what happened in Zimbabwe, i can see bitcoin worth $500k

but just because bitcoin went from $1 to $1000 in 5 years, DO NOT expect the same 1000 fold jump in the next 5 years. it will be alot slower, alot lot lot slower

franky1, i thought you can read between the lines Tongue

(i wrote total bullshit because the question was dumb in my view Cheesy

! i give a shit on the daily price because it makes no sense to look at this. look at the bigger picture.
i think we will reach 10k - 50k in the next years... )

Most people can't sence sarcasm and irony. Especially because the price was already at >1k$ , pretty obv, but ...

and i also added a smiliey in my first post by the way Cheesy

Stery

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Silicon Valley VC thinks a single bitcoin will be worth $100,000

http://www.wired.com/2014/01/chrisdixon/

TwinWinNerD

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Quote from: MrBtcSenior on August 05, 2014, 08:37:46 AM

Quote from: Mobius on August 05, 2014, 01:34:54 AM

Bank of America thinks the max price is $1,300 (http://www.forbes.com/sites/samanthasharf/2013/12/05/bitcoin-gets-valued-bank-of-america-puts-a-price-on-the-virtual-tender/) while Goldman Sachs thinks the max price is (IIRC $5k, but it may be higher, I was not able to find a link to this).

I think those predictions are at least as pointless as the ones we are making in the speculation forum

Also those predictions where not LONGterm or toplimit EVER. They were shortterm price goals. Shortterm being 1-2 years timeframe.

MrBtcSenior

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Quote from: Mobius on August 05, 2014, 01:34:54 AM

Bank of America thinks the max price is $1,300 (http://www.forbes.com/sites/samanthasharf/2013/12/05/bitcoin-gets-valued-bank-of-america-puts-a-price-on-the-virtual-tender/) while Goldman Sachs thinks the max price is (IIRC $5k, but it may be higher, I was not able to find a link to this).

I think those predictions are at least as pointless as the ones we are making in the speculation forum

henryjames1003

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Ok, most of you telling that bitcoin-rate depends on mass-adoption. My Russian friend told me that there were tha bar accepting Bitcoins in Russia before goverment bans it. So there were the system like "Transfer money to address in your acc and later you can use your BTC. So there were not clear BTC-use. I think it caused by 10-minute-confirmation time.

So i cant buy coffee directly with Bitcoin. Anything else?

Topic: Bitcoin Limit. (Read 3771 times)