BTC is about to be $5K-$8K ++ - page 2.

gentlemand

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Quote from: jehst on November 01, 2015, 09:35:49 PM

$5000 is possible next year, but if it takes 3-4 more years, that's good enough. 10x your money in 3 years. Come on, that's fast.

I don't think all that many people on here have done much conventional investing. They've been permanently warped by Bitcoin and alt madness and the bar of expectations has been raised.

jehst

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21 million. I want them all.

I wouldn't call a 4 billion dollar market cap "penny stock" territory. Under 1 billion is considered a small cap stock. Over 10 billion is generally considered a large cap stock. We've already been there and will get there again. $5000 is possible next year, but if it takes 3-4 more years, that's good enough. 10x your money in 3 years. Come on, that's fast.

brg444

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Bitcoin replaces central, not commercial, banks

Quote from: cohnhead on November 01, 2015, 08:31:58 PM

Quote from: solid12345 on November 01, 2015, 12:16:00 PM

Quote from: jaredboice on November 01, 2015, 10:29:40 AM

10 years until 5k? Conservatively, if it takes more than 3-4 years to get to 5k, that would be tragic.

If Bitcoin stays 10 more years in penny stock territory then it is a total failure.

depends who you ask? if it doesn't increase in value at all, but transforms the way we conduct transactions around the world, I would deem that transformative and a huge success.
when you speak of bitcoin as a failure you are only looking at it as a value proposition...yet its is much more than that.

Bitcoin is about reintroducing sound money to the world.

Transforming how we conduct fiat transactions around the world does not compare in terms of impact on society.

gentlemand

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Quote from: cohnhead on November 01, 2015, 08:31:58 PM

depends who you ask? if it doesn't increase in value at all, but transforms the way we conduct transactions around the world, I would deem that transformative and a huge success.
when you speak of bitcoin as a failure you are only looking at it as a value proposition...yet its is much more than that.

It needs value to incentivise those who help keep it rolling. If there are no exchanges left and mining goes back to a bunch of old laptops then that's not a system that most people will be willing to trust or make use of.

All the cool layers on top that make life easier ain't being run out of the kindness of people's hearts.

jehst

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21 million. I want them all.

I think we can close this year out at $700+

Strap yourselves in.

cohnhead

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Quote from: solid12345 on November 01, 2015, 12:16:00 PM

Quote from: jaredboice on November 01, 2015, 10:29:40 AM

10 years until 5k? Conservatively, if it takes more than 3-4 years to get to 5k, that would be tragic.

If Bitcoin stays 10 more years in penny stock territory then it is a total failure.

depends who you ask? if it doesn't increase in value at all, but transforms the way we conduct transactions around the world, I would deem that transformative and a huge success.
when you speak of bitcoin as a failure you are only looking at it as a value proposition...yet its is much more than that.

brg444

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Bitcoin replaces central, not commercial, banks

Quote from: gambit1 on November 01, 2015, 06:09:17 PM

Right but perhaps the pumping of bitcoins price as a speculative instrument has run its course. Perhaps if the price is going to rise further it needs to demonstrate more value other than being something a fool buys in order to sell to a bigger fool for a bigger price sometime down the road. Call me naive but I do think that bitcoin has something to offer outside of that.

It hasn't.

Just sit back and enjoy the show.

Speculation and greed is what drives this beast, at least until we get to a 1T$ market cap.

gambit1

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Right but perhaps the pumping of bitcoins price as a speculative instrument has run its course. Perhaps if the price is going to rise further it needs to demonstrate more value other than being something a fool buys in order to sell to a bigger fool for a bigger price sometime down the road. Call me naive but I do think that bitcoin has something to offer outside of that.

brg444

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Bitcoin replaces central, not commercial, banks

Quote from: richardsNY on November 01, 2015, 04:07:30 PM

Quote from: jt byte on November 01, 2015, 03:23:30 PM

Quote from: gambit1 on November 01, 2015, 03:05:59 PM

Merchants accepting it, stand ups utilizing it.

Recently newegg that implemented i think increased the price a bit.
Then there is the g2a which sells game keys and other game stuff.
Dell also accepts bitcoin for a long time now, and hope one day amazon and ebay will implement the bitcoin.

Amazon is what so many people are waiting for. The current blocksize issue is what potentially holds Amazon back. If they accept Bitcoin payments, then most likely each block will be full.

...that's non sense.

No one is rushing to buy bitcoins because merchants accept them

Denker

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Quote from: richardsNY on November 01, 2015, 04:07:30 PM

Quote from: jt byte on November 01, 2015, 03:23:30 PM

Quote from: gambit1 on November 01, 2015, 03:05:59 PM

Merchants accepting it, stand ups utilizing it.

Recently newegg that implemented i think increased the price a bit.
Then there is the g2a which sells game keys and other game stuff.
Dell also accepts bitcoin for a long time now, and hope one day amazon and ebay will implement the bitcoin.

Amazon is what so many people are waiting for. The current blocksize issue is what potentially holds Amazon back. If they accept Bitcoin payments, then most likely each block will be full.

Yes regarding the blocksize issue I hope we finally will find a solution for that at the next planned conference for that in HK.
Bitcoin has to grow and therefore bigger blocks are desperately needed.Furthermore payment channels and sidechains will have a big impact in Bitcoin's growth.This is going to be very very interesting.

gentlemand

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Quote from: richardsNY on November 01, 2015, 04:07:30 PM

Amazon is what so many people are waiting for. The current blocksize issue is what potentially holds Amazon back. If they accept Bitcoin payments, then most likely each block will be full.

Even if Amazon did accept it, there still wouldn't be a reason for any fresh users to come on board unless they were offering some major enticements. It would be sweet but I think they'll show some interest long after everyone else has done a lot more hard work.

jt byte

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Quote from: richardsNY on November 01, 2015, 04:07:30 PM

Quote from: jt byte on November 01, 2015, 03:23:30 PM

Quote from: gambit1 on November 01, 2015, 03:05:59 PM

Merchants accepting it, stand ups utilizing it.

Recently newegg that implemented i think increased the price a bit.
Then there is the g2a which sells game keys and other game stuff.
Dell also accepts bitcoin for a long time now, and hope one day amazon and ebay will implement the bitcoin.

Amazon is what so many people are waiting for. The current blocksize issue is what potentially holds Amazon back. If they accept Bitcoin payments, then most likely each block will be full.

By doubling the block size will the issue still available?
Or maybe there should be another thing another big size.
If amazon implements then i think in the beginning the block will not be full but after a year or so when the popularity increases.
But of course the price will be increased and maybe at the OP target of 5-8k

richardsNY

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Quote from: jt byte on November 01, 2015, 03:23:30 PM

Quote from: gambit1 on November 01, 2015, 03:05:59 PM

Merchants accepting it, stand ups utilizing it.

Recently newegg that implemented i think increased the price a bit.
Then there is the g2a which sells game keys and other game stuff.
Dell also accepts bitcoin for a long time now, and hope one day amazon and ebay will implement the bitcoin.

Amazon is what so many people are waiting for. The current blocksize issue is what potentially holds Amazon back. If they accept Bitcoin payments, then most likely each block will be full.

jt byte

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Quote from: gambit1 on November 01, 2015, 03:05:59 PM

Merchants accepting it, stand ups utilizing it.

Recently newegg that implemented i think increased the price a bit.
Then there is the g2a which sells game keys and other game stuff.
Dell also accepts bitcoin for a long time now, and hope one day amazon and ebay will implement the bitcoin.

98problems

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i hope you are right i believe you really are as it would bring me a lot of profit in my opinion its only a matter of time when it will happen

gambit1

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Merchants accepting it, stand ups utilizing it.

dloghwak

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Quote from: jaredboice on November 01, 2015, 12:47:03 PM

Quote from: dloghwak on November 01, 2015, 12:32:02 PM

Quote from: solid12345 on November 01, 2015, 12:24:10 PM

Quote from: Biodom on November 01, 2015, 12:20:51 PM

Quote from: solid12345 on November 01, 2015, 12:16:00 PM

Quote from: jaredboice on November 01, 2015, 10:29:40 AM

10 years until 5k? Conservatively, if it takes more than 3-4 years to get to 5k, that would be tragic.

If Bitcoin stays 10 more years in penny stock territory then it is a total failure.

what penny stock?
$4 bil is a solid midcap, right in the middle of $2-10bil range.

Do you realize how tiny even $10 billion is when compared to the market caps of typical S&P 500 companies or global commodities and currencies?

I thought this is supposed to be a history changing global currency, not a small midwestern fast food chain.

Either it hurries up and takes off in the next 1-5 years or be doomed to be seen as a fad IMO.

Said who? Even if it stays in this price range for the next 20 years it wouldn't be a failure, cause we would still be able to send money across the globe with almost no fees by using Bitcoin.
You call it a failure because you wanted to profit from rising Bitcoin prices.

OK "dloghwak" lol
Whatever you say. But please stop talking about people trying to get rich quick with Bitcoin as if it's some kind of faulted mentality. It's about the REALIZATION that it is extremely valuable and that it will change the world. IMHO, anyone who continues to attack bitcoin supporters as "get rich quick" fantasies are either missing the point or spreading FUD. If Bitcoin is what we say it is, then we will absolutely get rich quick. And if you don't then it's your own stupid fault LOL

Sorry to say, but there is a reason why you aren't rich and Bitcoin won't change that.

Quote from: solid12345 on November 01, 2015, 12:50:04 PM

Quote from: dloghwak on November 01, 2015, 12:32:02 PM

Said who? Even if it stays in this price range for the next 20 years it wouldn't be a failure, cause we would still be able to send money across the globe with almost no fees by using Bitcoin.
You call it a failure because you wanted to profit from rising Bitcoin prices.

To be a truly global currency there would have to be a daily velocity of trillions of dollars moving on the blockchain. There is not enough Bitcoins in existence to handle such large volume accept thru a radical price increase per coin.

And yes I do want to profit because that is what business and commerce exists for, to make money and better your life and provide for your family. I'm not a " get rich quick" schemer but I'm not a communist either and hope it will help me succeed in life.

Nothing wrong with being a capitalist, but you can't measure Bitcoins success on your own success.

jt byte

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Quote from: gambit1 on November 01, 2015, 12:45:00 PM

When I first heard about bitcoin it was worth less than a dollar and sounded to me like a scam at first. Its now worth over $200 in just a few years. That isn't bad. I think that bitcoin needs more success in awareness and adoption; I don't see what good a higher price would do.

You seems to be lucky when you heard about bitcoin.
But did you really invested a bit at that time or lost that opportunity.
The same maybe would be nowadays after few years when we go back to current time.

solid12345

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Quote from: dloghwak on November 01, 2015, 12:32:02 PM

Said who? Even if it stays in this price range for the next 20 years it wouldn't be a failure, cause we would still be able to send money across the globe with almost no fees by using Bitcoin.
You call it a failure because you wanted to profit from rising Bitcoin prices.

To be a truly global currency there would have to be a daily velocity of trillions of dollars moving on the blockchain. There is not enough Bitcoins in existence to handle such large volume accept thru a radical price increase per coin.

And yes I do want to profit because that is what business and commerce exists for, to make money and better your life and provide for your family. I'm not a " get rich quick" schemer but I'm not a communist either and hope it will help me succeed in life.

jaredboice

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Quote from: gambit1 on November 01, 2015, 12:45:00 PM

When I first heard about bitcoin it was worth less than a dollar and sounded to me like a scam at first. Its now worth over $200 in just a few years. That isn't bad. I think that bitcoin needs more success in awareness and adoption; I don't see what good a higher price would do.

How exactly does bitcoin achieve more awareness and adoption without price rising?

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