Topic: Bitcoin should be at $13,500 ? (Read 6840 times)
i figure it should be about $7500 right now as its at least 400 times more rare than gold and can be made invisible and teleported anywhere.
dfgjai
That's a very short timeframe showing the drop in volume since the bubble popped. A better timeframe would be the last six months and that shows that USD transaction volumes are still up over 5x what they were in January this year. How low it will go is anyone's guess but I think it's unlikely to return to January levels
It took hundreds of years between the first printing press and mass literacy...
except in korea.
also btc has many financial advantages in a short time frame, reading did not.
It took hundreds of years between the first printing press and mass literacy...
Mass Adoption , here we comeeeee
have a graph
I personally feel that all threads along the lines of 'bitcoin going to $10k' or 'bitcoins worth $1M' do more harm than good to bitcoin's reputation. While speculation is fun there are two factors at play: No one can predict the future value of bitcoins with any certainty, and outsiders reading this forum may form the idea that bitcoin is just one huge get-rich-quick scheme full of people sitting and waiting to become millionaires.
Man it would be great if we could limit such topics of discussion to a sub-forum specifically designed and designated for such conversation...someone should tell the mods about this idea
The surprising thing is I didn't suggest such conversations should be banned or moved to another section. I merely stated my belief that people wildly speculating about huge price increases (and thus their own personal gain) are not helpful in the grand scheme of things. I mean hey, bring it on. I'd like to pay off my mortgage some day for running a GPU app back in 2011. I'm also aware that promoting such beliefs draws negative opinions from the wider community.
The wider community had negative opinions of Paypal back when they were invented, yet look how things ended up (the present). A revolutionary technology will be inevitably adopted, despite any opinion of any majority. Technical superiority + elegance / convenience of use = rule in this new aeon.
Do you understand the gravity of the situation? 
Its a rainbow
I personally feel that all threads along the lines of 'bitcoin going to $10k' or 'bitcoins worth $1M' do more harm than good to bitcoin's reputation. While speculation is fun there are two factors at play: No one can predict the future value of bitcoins with any certainty, and outsiders reading this forum may form the idea that bitcoin is just one huge get-rich-quick scheme full of people sitting and waiting to become millionaires.
Man it would be great if we could limit such topics of discussion to a sub-forum specifically designed and designated for such conversation...someone should tell the mods about this idea
The surprising thing is I didn't suggest such conversations should be banned or moved to another section. I merely stated my belief that people wildly speculating about huge price increases (and thus their own personal gain) are not helpful in the grand scheme of things. I mean hey, bring it on. I'd like to pay off my mortgage some day for running a GPU app back in 2011. I'm also aware that promoting such beliefs draws negative opinions from the wider community.
I personally feel that all threads along the lines of 'bitcoin going to $10k' or 'bitcoins worth $1M' do more harm than good to bitcoin's reputation. While speculation is fun there are two factors at play: No one can predict the future value of bitcoins with any certainty, and outsiders reading this forum may form the idea that bitcoin is just one huge get-rich-quick scheme full of people sitting and waiting to become millionaires.
I am not sure. If I am honest, I was not really that interested in BTC until my husband explained to me that there was a slight potential for each coin to be worth thousands someday. Then I became very interested, perhaps with impure motives. However, upon researching it more I have grown to see that there are so many other benefits. It really can be liberating understanding the depth of "freedoms" this currency could bring if it gain worldwide adoption. So, I have other reasons for supporting it now that are not just about "making millions."
So perhaps threads like this can spark an interest in some people that will help fuel the fire that starts growth. Just my thoughts.
Exactly, freedom is the best word to decribe bitcoin, a pure bitcoin economy works like a country without boarder and regulators, a real free market with minimum influence from human factors. Freedom is almost priceless
If people get a taste of the "freedoms" bitcoin can bring, when it is used more places and more often, that is when we will really begin to see how revolutionary this all is and I believe 1 BTC could easily be worth $13,500 if not more. Until then, I will just speculate a little with my BTC, spend a few, hold most and dream of the day.
I personally feel that all threads along the lines of 'bitcoin going to $10k' or 'bitcoins worth $1M' do more harm than good to bitcoin's reputation. While speculation is fun there are two factors at play: No one can predict the future value of bitcoins with any certainty, and outsiders reading this forum may form the idea that bitcoin is just one huge get-rich-quick scheme full of people sitting and waiting to become millionaires.
I am not sure. If I am honest, I was not really that interested in BTC until my husband explained to me that there was a slight potential for each coin to be worth thousands someday. Then I became very interested, perhaps with impure motives. However, upon researching it more I have grown to see that there are so many other benefits. It really can be liberating understanding the depth of "freedoms" this currency could bring if it gain worldwide adoption. So, I have other reasons for supporting it now that are not just about "making millions."
So perhaps threads like this can spark an interest in some people that will help fuel the fire that starts growth. Just my thoughts.
Exactly, freedom is the best word to decribe bitcoin, a pure bitcoin economy works like a country without boarder and regulators, a real free market with minimum influence from human factors. Freedom is almost priceless
yeah ICBMs make a crater on impact.
Man it would be great if we could limit such topics of discussion to a sub-forum specifically designed and designated for such conversation...someone should tell the mods about this idea
+
it is like watching tv. if you don´t like the show, don´t watch it.
edit
soon come:
ICBMs make a fairly decent crater.
edit:
edit2: Do you understand the gravity of the situation?
I personally feel that all threads along the lines of 'bitcoin going to $10k' or 'bitcoins worth $1M' do more harm than good to bitcoin's reputation. While speculation is fun there are two factors at play: No one can predict the future value of bitcoins with any certainty, and outsiders reading this forum may form the idea that bitcoin is just one huge get-rich-quick scheme full of people sitting and waiting to become millionaires.
Man it would be great if we could limit such topics of discussion to a sub-forum specifically designed and designated for such conversation...someone should tell the mods about this idea
it is like watching tv. if you don´t like the show, don´t watch it.
edit
soon come:
ICBMs make a fairly decent crater.
edit:
edit2: Do you understand the gravity of the situation?
"In 10 years, bitcoins will either be worth nothing, or a lot more than they are now — there is no middle ground."
I like how this sounds!
I like how this sounds!
I personally feel that all threads along the lines of 'bitcoin going to $10k' or 'bitcoins worth $1M' do more harm than good to bitcoin's reputation. While speculation is fun there are two factors at play: No one can predict the future value of bitcoins with any certainty, and outsiders reading this forum may form the idea that bitcoin is just one huge get-rich-quick scheme full of people sitting and waiting to become millionaires.
Man it would be great if we could limit such topics of discussion to a sub-forum specifically designed and designated for such conversation...someone should tell the mods about this idea
it is like watching tv. if you don´t like the show, don´t watch it.
edit
soon come:
I personally feel that all threads along the lines of 'bitcoin going to $10k' or 'bitcoins worth $1M' do more harm than good to bitcoin's reputation. While speculation is fun there are two factors at play: No one can predict the future value of bitcoins with any certainty, and outsiders reading this forum may form the idea that bitcoin is just one huge get-rich-quick scheme full of people sitting and waiting to become millionaires.
Man it would be great if we could limit such topics of discussion to a sub-forum specifically designed and designated for such conversation...someone should tell the mods about this idea
I personally feel that all threads along the lines of 'bitcoin going to $10k' or 'bitcoins worth $1M' do more harm than good to bitcoin's reputation. While speculation is fun there are two factors at play: No one can predict the future value of bitcoins with any certainty, and outsiders reading this forum may form the idea that bitcoin is just one huge get-rich-quick scheme full of people sitting and waiting to become millionaires.
I am not sure. If I am honest, I was not really that interested in BTC until my husband explained to me that there was a slight potential for each coin to be worth thousands someday. Then I became very interested, perhaps with impure motives. However, upon researching it more I have grown to see that there are so many other benefits. It really can be liberating understanding the depth of "freedoms" this currency could bring if it gain worldwide adoption. So, I have other reasons for supporting it now that are not just about "making millions."
So perhaps threads like this can spark an interest in some people that will help fuel the fire that starts growth. Just my thoughts.
Quote
it has lots of great properties — negligible transaction fees (...)
Bullshit.
My credit card is free of charge for me (as a customer), I don't give a shit if the merchant have to pay an American company for providing this service. But I know, and I care, that everywhere in the country I can use it, without paying any fee. Bitcoins fees are way too high.
WTF ARE YOU FOR REAL!?!? of corse you pay for it you jack ass! they jack up the price of things to do this. you think that if they charge the merchant then they wont double that fee and then charge you? fucking retard
I think this is a little harsh. I have to point out that many people appreciate retarded people. I think they truly are special, because they express themselves authentically and honestly in a way that few "normal" people can. They are also great for entertainment because of their unique way of thought. They give us perspective we wouldn't otherwise have, which is why I think they should be included in society rather than hidden away.
You made your point but as someone who frequents this forum at th7e moment, I would request that you show more respect to posters, regardless of how uninformed their views may be...
Bitcoin payment processing is 0.99% through BitPay. Merchants pay roughly 2.7% in credit / debit processing fees. When you factor chargebacks in, that number rises to 3 - 10% in transaction costs. While the typical consumer does not understand that a merchant's payment processing costs directly inflate the price that merchant must charge, they will continue to use traditional methods. But when companies that exclusively accept bitcoin (bitcoinstore) are able to undercut other merchants, users will have an incentive to obtain bitcoins to pay for their goods. As bitcoin becomes easier and easier to secure, obtain, and use, the incentive to use them will not need to be as great.
I am curious why you think bitcoin fees will always be higher than credit card fees. When both parties are considered (consumer and merchant), they are significantly lower than credit card fees, and will likely always remain lower. You are speaking from one side of a two sided transaction.
I am curious why you think bitcoin fees will always be higher than credit card fees. When both parties are considered (consumer and merchant), they are significantly lower than credit card fees, and will likely always remain lower. You are speaking from one side of a two sided transaction.
Summed up perfectly. If this proposed wave starts to hit, BTC is going to get silly.
Quote
it has lots of great properties — negligible transaction fees (...)
Bullshit.
My credit card is free of charge for me (as a customer), I don't give a shit if the merchant have to pay an American company for providing this service. But I know, and I care, that everywhere in the country I can use it, without paying any fee. Bitcoins fees are way too high.
WTF ARE YOU FOR REAL!?!? of corse you pay for it you jack ass! they jack up the price of things to do this. you think that if they charge the merchant then they wont double that fee and then charge you? fucking retard
Jump to: