Topic: Bitcoin Value At The End Of 2011? - page 2. (Read 7574 times)
that will not have a big influence: if many miners sell a huge amount btc, many people think that they have to buy then when it's cheap. like this, the cours will not collapse... only midterm cheaper
ask the miners.
everything depends on when they're cashing out (what they hoarded and the 40% inflation that bitcoin creates this year and is awarded to miners)
everything depends on when they're cashing out (what they hoarded and the 40% inflation that bitcoin creates this year and is awarded to miners)
I think we will see a lot of action as we get close to block 210,000 and shortly after- when the rewards are cut in half.
i'm guessing our next peek will be around 50 usd, in the next few months then drop back to 20 - 30 usd, then up to 60 - 100 usd around the end of this year or beginning of next.
I don't know enough about the economy to make a good prediction, but this is what I see.
I'd like to see what the total value of all the currencies of the world are, and converted to USD, along with a combined inflation rate. add in a BTC chart of the ratio of global adoption.
Anyone care to guess the value of a btc when we hit 21M?
i'm guessing our next peek will be around 50 usd, in the next few months then drop back to 20 - 30 usd, then up to 60 - 100 usd around the end of this year or beginning of next.
I don't know enough about the economy to make a good prediction, but this is what I see.
I'd like to see what the total value of all the currencies of the world are, and converted to USD, along with a combined inflation rate. add in a BTC chart of the ratio of global adoption.
Anyone care to guess the value of a btc when we hit 21M?
I really can't wait to see where the price of Bitcoin goes, and the social impact along with it. I think that right now is the calm before the storm, and June was like a gust of wind.
yes.
take a look at the Bitcoin Chart. set it at 1 year, log scale.
look at the peak at the end of the first week of november 2010.
what's happening now - starting with the peak of june 8th - looks exactly the same. i've never seen that kind of perfect fit, in any financial chart.
Another group is organized crime, but now we're talking a lot of money at one time. How would these guys buy enough bitcoin and sell enough bitcoin on the other end to quickly fit within their paradigm? I don't think bitcoin is ready for big transactions in and out of fiat currencies.
I think if they started paying all their sources, dealers, and employees in bitcoin, that won't be a problem. Trying to cash out a single $100,000 windfall into USD to pay your workers may be a problem, but splitting that up into smaller chunks to pay that out to all their members, who then each cash out for smaller amounts at various times, should be fairly easy. Bitcoin makes that much easier than any other alternatives I can think of (Lindens work, too, but they're not as convenient/anonymous).
Just speculating here btw.
+1 end of 2012 will be an interesting time.
Why? You think the election will have somehow have an impact, or just that 1.4yrs is about how long it'll take for a number of things to reach critical mass?
I really can't wait to see where the price of Bitcoin goes, and the social impact along with it. I think that right now is the calm before the storm, and June was like a gust of wind.
I'm only worried that when 10 000 dollars and euros buy a troy ounce of gold, the miners won't be able to afford to keep the network lit. Otherwise, I'm shorting euros with bitcoin.
+1 end of 2012 will be an interesting time.
Yes, it has been going up.
Until June.
Since then it has just been going down and not stopping.
(or lingering in the same price range)
Until June.
Since then it has just been going down and not stopping.
(or lingering in the same price range)
There have been several downward periods in the last year. The price rose significantly after each.
Ever since June the price has been going down, down, and down....
Really not sure how all of you think it will be worth $30 or more by the end of the year
Really not sure how all of you think it will be worth $30 or more by the end of the year
Have you by any chance looked at the prices throughout the past year?
Yes, it has been going up.
Until June.
Since then it has just been going down and not stopping.
(or lingering in the same price range)
I just had a vision, clear as day. Here's what's going to happen. As the police state in the U.S. consolidates its control over every aspect of daily life, very soon they will impose capital controls in order to prevent people from moving money offshore. At this point, the black market for bitcoin will go thru the roof. Sites like ubitex will be discovered, ads will appear on craigslist, rendezvous points will be agreed upon and bitcoin will be one of the ways that people protect their money from confiscatory inflation.
This will be a tough, dangerous environment in which to sell, but those with smarts and courage will be rewarded. In this scenario, bitcoin price will be high.
This will be a tough, dangerous environment in which to sell, but those with smarts and courage will be rewarded. In this scenario, bitcoin price will be high.
That would mean iPhone made in USA, etc, etc - this is not going to happen anytime soon. Although I think it would be great for US economy to bring back offshore businesses; tax the hell out of imports - money would naturally circulate in land, no need for police state for that.
You just can't prevent money going outside and keep doing international business. Oil is another big factor in this.
Ever since June the price has been going down, down, and down....
Really not sure how all of you think it will be worth $30 or more by the end of the year
Really not sure how all of you think it will be worth $30 or more by the end of the year
Have you by any chance looked at the prices throughout the past year?
Ever since June the price has been going down, down, and down....
Really not sure how all of you think it will be worth $30 or more by the end of the year
Really not sure how all of you think it will be worth $30 or more by the end of the year
1 btc = 1 barrel crude = 3 oz ag = 0.1 oz au = 1000 usd, 25 December 2011
Its quite hard to predict this.
This is cause many people will base it on how fast it was growing in the past.
But you never know what happens next.
Maybe another major bitcoin website gets hacked.
Maybe Bruce Wagner shoots his tv ad that is gonna be broadcasted around the world up in the air.
Also keep in mind its about real money now, its not about cents or single dollars anymore.
You cannot mine with your sempron cpu anymore, those days are over.
Well you can still mine with it but its currently not profitable.
Though just to pull a number out of thin air.
I think its gonna be around 30-ish.
This is cause many people will base it on how fast it was growing in the past.
But you never know what happens next.
Maybe another major bitcoin website gets hacked.
Maybe Bruce Wagner shoots his tv ad that is gonna be broadcasted around the world up in the air.
Also keep in mind its about real money now, its not about cents or single dollars anymore.
You cannot mine with your sempron cpu anymore, those days are over.
Well you can still mine with it but its currently not profitable.
Though just to pull a number out of thin air.
I think its gonna be around 30-ish.
i see a floor of somewhere around 40 USD.
spikes of double that.
but really, it's the end of 2012 my game is focused on...
spikes of double that.
but really, it's the end of 2012 my game is focused on...
one bitcoin
Thread winner. The poll does not specify units.
The people taking gold/silver parity often don't use units either (when they mean 'worth the same as 1 once' .. I think.).
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