Bitcoin Limit. - page 2. | Bitcointalksearch.org

TwinWinNerD

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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 ...

LiteCoinGuy

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In Satoshi I Trust

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... )

Mobius

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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).

Omikifuse

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There is no limit because the inflation is always positive, so prices goes to infinite in the long run.

But of course there is a limit of the proportion of market capitalization of bitcoin/World Pib , but I have no clue what it would be

Chef Ramsay

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Quote from: FUR11 on August 04, 2014, 03:43:27 PM

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

I don't know whether that was sarcasm or not. What's interesting is that you are around since April 2013, so you've experienced 1-2 bubbles. You should've learned by now that Bitcoin doesn't show any signs of dying right now. Why so pessimistic?

Check out the smiley in the thread title post and it's clearly indicative of trolling. As long as Bitcoin sticks around and expands its usage, it's impossible for it not to go up in value. Heck, as fiat depreciates, this alone adds value to this crypto.

TwinWinNerD

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CEO Bitpanda.com

Quote from: 1Referee on August 04, 2014, 09:27:40 AM

There will be a moment that there isn't that much new money comming in, supply will be the same while demand is decreasing.

I'm not even sure if there is new money comming in right now as people already have bought their Bitcoins, and now are waiting for a rise.

That is what a bear says.

A bull looks at the situation and says: There will be a day, when the demand will be higher than the emission (e.g. at block halving)

Benjig

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As of today, there are currently only 13 million coins, so even if you hold only a few ones, that means you own a very large part of something very rare. it doesnt matter that there will be 21 millions, what matters is what we have today.

harles9

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I love that young people are into Bitcoins and asking these kind of questions. Perhaps, instead of berating people, we should assume they are young and inquisitive.

No sir, there is no fiat limit on how high Bitcoins can be valued.

Ibian

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Goddamn some of you people are stupid.

FUR11

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FURring bitcoin up since 1762

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

I don't know whether that was sarcasm or not. What's interesting is that you are around since April 2013, so you've experienced 1-2 bubbles. You should've learned by now that Bitcoin doesn't show any signs of dying right now. Why so pessimistic?

moko666

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BlasterKVs the king of xbox modding

Sky is Limit for bitcoin Cool

oceans

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No limit can be predicted. All bitcoin can do now is grow and become more popular which in time will increase the price of bitcoin. I would be surprised if there was a limit especially so soon.

franky1

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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

LiteCoinGuy

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In Satoshi I Trust

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

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

franky1

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Merit: 4766

Quote from: darkota on August 04, 2014, 11:15:28 AM

You're forgetting to include unforseen possibilities. Such as a billionaire or millionaire buying "shitloads" of BTC in a relatively short time. Even one person buying $2,000,000 worth of BTC will rise the price by over $100. Imagine if a small amount of millionaires decide to invest a few million in BTC(not in off the book trades), the price will rise dramatically.

i have not forgot. but you are not reading what i wrote in the post you quoted. this is because then you would realise that there was an investor that threw $30million into the market. the problem is that he did not throw it at an exchange. instead he threw it at bitpay. so instead of seeing bitcoin get back into the $1000 this spring, bitpay gave that guy bitcoins privately, and over the two months of spring exchanges only moved $200 ($450->$650) due to bitpay not having to sell on exchanges. instead of moving back to well over $1000 if that $30mill was on an exchange.

so as i said a slower more stable rise

franky1

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Quote from: ensurance982 on August 04, 2014, 10:26:27 AM

Hard to know. On the one hand we've already created over half of all Bitcoin that will ever exist, so in theory there aren't that many bitcoin left to be created. On the other hand, a lot of them are lost, so they don't really count. We will see how the adoption and inflow of new Fiat works out over the next months and years. But I guess chances aren't that bad for Bitcoin to succeed.

half the cap has been mined yes, but the other half will take alot longer, and i mean ALOT longer
it took 5 years to get to 13mill.
in 2 years it will be 15.7mill.
then 6 years from now will be 18.3mill.
then 10 years from now 19.6mill.
then 14 years from now 20.3mill.
..
..
then in 3 decades it will be 20.9mill.
and then another 100 years to get nearly the last 100k

so what took 5 years will take alot longer. meaning supply will drop and cause demand. but we still need to realise that if we are measuring bitcoin in just dollars, and ontop of that measuring it against exchanges with limited influx of those dollars. then it would be hard to actually give a true value estimate

darkota

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Quote from: franky1 on August 04, 2014, 09:55:09 AM

ok all you speculators. lets update you..

the bitcoin price spiked multiple times for the last 5 years because it was nice and easy to get dollars into exchanges to buy bitcoin. but this year all the exchanges are starting to put dollar limits on deposits,etc.

so will you atleast add that into your speculative equations.

for example 1 person depositing $50k could move the price from $200 to $220 all by himself last year. but now with max deposits of $10k and the price being averaged at $600. it will take 15 people to simultaneously buy in to cause a price rise of $20 in a short period.

so do not expect big movements from new investors. expect smaller movements from medium investors or lots of micro investors. that is of course, if we can atleast convince miners to stop selling on exchanges at a loss..

we are no longer in the game where investors throw lots of dollars at exchanges to buy coin. we are now in the game where investors throw lots of dollars at private trades, which SLOWLY reduces the number of sales on exchanges, due to the bitcoins being sold privately instead. which still helps a price rise, just much more slowly.

good luck with your maths and predictions.

You're forgetting to include unforseen possibilities. Such as a billionaire or millionaire buying "shitloads" of BTC in a relatively short time. Even one person buying $2,000,000 worth of BTC will rise the price by over $100. Imagine if a small amount of millionaires decide to invest a few million in BTC(not in off the book trades), the price will rise dramatically.

reg

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Quote from: Stifler on August 04, 2014, 09:21:43 AM

Nobody knows. It's just supply and demmand. The more people that use it the bigger the demmand gets and the price should go up.

+1 There is no theoretical limit. There are some quite unrealistic ideas in the short term but the current market value indicates (to me ) that some large companies that use the valuable number as a payment processing system are being offset by adoption. Do not forget btc is many things and I use it as a store of value ie a commodity. However as an idea its unstoppable now in some form or other we just have to be a bit adept at countering the attempts of banks to keep their monopoly over the individual.

ensurance982

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Trust me!

Hard to know. On the one hand we've already created over half of all Bitcoin that will ever exist, so in theory there aren't that many bitcoin left to be created. On the other hand, a lot of them are lost, so they don't really count. We will see how the adoption and inflow of new Fiat works out over the next months and years. But I guess chances aren't that bad for Bitcoin to succeed.

franky1

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ok all you speculators. lets update you..

the bitcoin price spiked multiple times for the last 5 years because it was nice and easy to get dollars into exchanges to buy bitcoin. but this year all the exchanges are starting to put dollar limits on deposits,etc.

so will you atleast add that into your speculative equations.

for example 1 person depositing $50k could move the price from $200 to $220 all by himself last year. but now with max deposits of $10k and the price being averaged at $600. it will take 15 people to simultaneously buy in to cause a price rise of $20 in a short period.

so do not expect big movements from new investors. expect smaller movements from medium investors or lots of micro investors. that is of course, if we can atleast convince miners to stop selling on exchanges at a loss..

we are no longer in the game where investors throw lots of dollars at exchanges to buy coin. we are now in the game where investors throw lots of dollars at private trades, which SLOWLY reduces the number of sales on exchanges, due to the bitcoins being sold privately instead. which still helps a price rise, just much more slowly.

good luck with your maths and predictions.

Topic: Bitcoin Limit. - page 2. (Read 3771 times)