Topic: Bitcoin will never again be priced over $300. - page 4. (Read 4749 times)

OP must be a kid to say such a shit out of his mouth.
Bitcoins are worth much much more than what he thinks.
Bitcoins will be more than $600 till this years' end, MARK MY WORDS.

dudes paypal and bitcoin are becoming partners the value of one btc will skyrocket when that happens ps. its happening later this year 

Don't think of it purely in terms of the 'Price'.

Bitcoin's success really has very little to do with that. IMHO.

I 'use' them, for ..err... medical reasons..!

I can transfer value to anyone in the world, without someone telling me whether I'm 'allowed' to or not. None of anyone's business but my own.

The price makes no difference to me. I buy btc - send btc.

I will keep using it. And that's all that matters really.

I think it will be a very long time before the last server is stopped..






 

'The bitcoin price will never again go above 300 USD'



What a ridiculous statement.
I'd understand if you'd said we'll never again reach the ATH (even then you'd be wrong) but 300 USD, come on man.
Look in the mirror and ask yourself do you really think it's imposdible that the price will rise 70 USD?
This is extreme trolling & FUD.

empirically I can say that the Dollar purchasing power will go down with a rate around 90% in 100 Years 

That is so true.
Empires have a tendency for self-destruction caused by greed.
The Great Roman Empire for example.

This was the first thing I thought of.

I also agree with Holliday and Ramsay, there is still a lot of good that bitcoin can accomplish.  We are only starting to see people utilize it for its full potential.  I still believe that adoption can drive price higher.

I will also say that bitcoin has gone far lower than I thought it would go.  If you had posted in Nov. 2013 that price would be sub 250 18 months later I think most everyone would have scoffed.

I disagree with your assumptions 100%. Mining will not have any effect on the exchange rates. Less than 10% of the Bitcoin currency exchange involves freshly mined coins. Exchange rates are solely driven by the rate of adoption. Right now, the rate of adoption is low, and it is further declining. 

you will be wrong for sure, you forgot that the block halving exist for one reason, also there is no counter-aurgument against a speculation, besides another speculation, speculation are meaningless

everything you say does not prove nothing, they price could rise to 10k this year for all we know...

Wrong and ridiculous.
The real value of bitcoin is it is useful and scarce.

Exactly.
I'm not sure why people are discussing this and trying to look smart? Do you have the required capital to move Bitcoin above $300? I think not.
There are people who can and will.
We've had this in the past too. Bitcoin will never reach $100 again (the drop to around $60 back in the summer of '13); Bitcoin will never reach $200 and such, but then Bitcoin surprised us.
It will surprise us again.

Your OP basic premise essentially dismisses Bitcoin as a scarce commodity and store of value.  Yet if it were not, why it worth over $200?  The answer goes back to what I said: supply and demand.  Your observations about mining etc are only part of the story with Bitcoin and I really don't see the connection with any given price level.  As you said, it's mostly just your "degree of confidence" you are expressing, while looking for some kind of evidence to support your sentiment.  

You may be entirely right that Bitcoin may stay below $300 for some time,  but your reasons are far from convincing.  The fact of the matter is that no one knows what price will do (in any market).  Least of all, the Bitcoin market. 

Yeah ok.  But who the fuck cares about its value.  Maybe your 1 bitcoin will be worth 1,000,000 someday though... Maybe.  So fuck you, there are more pressing matters than the value of bitcoin.

And you know what?  I hope bitcoin goes back to 1 dollar so the idiots like you who watch the price all day would leave.

As others mentioned, $300 is arbitrary, and if it represents your confidence, what impact does your confidence have on the value of bitcoin?

Bitcoin has a value that you're representing in USD.  Do you know the history of the USD and its value over time?  If the USD is inflated each year, if Bitcoin's real value didn't change, it's nominal value in USD would inflate.

When the price of gold goes from $35 to $1200, do you think that the value of gold has increased or that the value of a USD has decreased?

I'm not making a call on the price of Bitcoin because I don't know, and the truth is you also don't know; you just have an opinion.

Exactly, could not have said it better myself.
no one knows what is going to happen with the price from week to week, there is just so much going on in the btc field right now that the price per coin is not as important to some people as it once was.
I think mid/late this year will will start to see big things come from all this money being pumped into different btc ventures, reward halving will also happen in the near future so we could easily see +$300 again.

Can't remember who it was but someone here made a 5 month prediction and was just about spot on, maybe we should call on him and tell us what the price will be like in the coming months,  

Edit: it was fairglu, check out his thread, he was very close.
https://bitcointalksearch.org/topic/calling-a-five-months-target-at-211-next-prediction-on-page-7-839312

You can find endless threads of a couple years ago explaining with sound logic how expecting BTC above 10 dollar was "unreasoanble".

The thing is we don't fucking know how far Bitcoin will go. If it challenges other payment options like VISA, Mastercard, etc, in the future, the current price is insanely low. Do your math.

Listen to the bitllionaire he knows what he is talking about, how can you say it will never get above $300 again lol There are manipulators that will be pushing it back there this month. I will come back here to show you some graphs but you will be on to your next account talking more BS. Have to add what is the big deal even if it never went to $300 not everyone gets a hard on over a few dollars.

Disclosure: Goldfinger fan 

Well actually I do not see a need for a level above $300. For transporting value through the net, actual notation does not matter. Probably if economy size using BTC doubles, the notation will go upwards, maybe two times.

Someone can also use a bot and manipulate the market, as with the Willy bot in Mt. Gox. This can really push the price upwards, and cause increased media attention and thus increased use and interest from the public.

This shows your self-centeredness and lack of foresight. I find no value in having the letters "LV" on a bag. So what? That doesn't mean other people won't. You, I and most people probably can't see value in the vast majority of items produced in the world. Lame toys, little widgets that hardly work. But that's why you are (probably) not a rich and successful entrepreneur.

That you can't see a realistic parallel doesn't mean it doesn't exist; it means you can't see it. Not that there's anything to parallel with anyway, since I gave specific examples of how bitcoin might gain value, not "parallels".

You find personal value in the entertainment from a movie. Some might find value in quick and secure transactions around the globe. If enough do, bitcoin will rise above $300. If you choose to ignore all of the possibilities because you personally don't find it useful, that's your own choice.

I'll be honest, I don't personally find any value in bitcoin either. But I've learned that just because I don't value something, doesn't mean it doesn't have value to other people. I can see that it's possible bitcoin will become valuable to a good number of people. If you don't, whatever. Bitcoin doesn't depend on you to succeed.

Finally, the exact same argument you're using here could've been used before bitcoin reached $1; before bitcoin reached $10; before bitcoin reached $50; or even before bitcoin reached $1000. But it did.