Maybe not the miners - but the early adopter will still flood the market over time.
Daily is traded much more than mined, i guess early adopters dont have much left
Topic: Do you think BTC will hit $200? - page 23. (Read 22158 times)
Daily is traded much more than mined, i guess early adopters dont have much left
Haha if I knew the answer I wouldn't be telling 
Not till early - mid 2014 I would say. ASIC flood will cause a drop in the short term for sure!
Not till early - mid 2014 I would say. ASIC flood will cause a drop in the short term for sure!
I have a feeling ASIC flooding the market will actually lead to an increase. Every ASIC investment is a direct investment into the bitcoin network and economy.
At this rate we might even break 115 and run to 125 in the next few weeks!
Definitively my thinking as well, with the difficulty increase there is hardly a way back for price drop, these minners wont sell cheap the hardly mined coins
Maybe not the miners - but the early adopter will still flood the market over time.
Haha if I knew the answer I wouldn't be telling
Not till early - mid 2014 I would say. ASIC flood will cause a drop in the short term for sure!
Not till early - mid 2014 I would say. ASIC flood will cause a drop in the short term for sure!
I have a feeling ASIC flooding the market will actually lead to an increase. Every ASIC investment is a direct investment into the bitcoin network and economy.
At this rate we might even break 115 and run to 125 in the next few weeks!
Definitively my thinking as well, with the difficulty increase there is hardly a way back for price drop, these minners wont sell cheap the hardly mined coins
No, but you never know? my guess is it will go up to $666 (mayb)
Haha if I knew the answer I wouldn't be telling
Not till early - mid 2014 I would say. ASIC flood will cause a drop in the short term for sure!
Not till early - mid 2014 I would say. ASIC flood will cause a drop in the short term for sure!
I have a feeling ASIC flooding the market will actually lead to an increase. Every ASIC investment is a direct investment into the bitcoin network and economy.
At this rate we might even break 115 and run to 125 in the next few weeks!
Haha if I knew the answer I wouldn't be telling
Not till early - mid 2014 I would say. ASIC flood will cause a drop in the short term for sure!
Not till early - mid 2014 I would say. ASIC flood will cause a drop in the short term for sure!
I agree to an extent - can look at Zimbabwe and Cambodia as examples of where local currency has been demoted because the USD is more reliable.
But I don't think you can expect to see the value of bitcoin rise to $200+ having been made illegal. It would scare off the investment and support that it needs to succeed.
The illegality of drugs is not ineffective - it is unsuccessful. The two are not the same. A large portion of the UK population do not take illegal drugs, but they do drink alcohol. I think you can argue that this is largely due to the legality of the drug in question... though evidently cultural history plays an important role in legality and thus uptake.
I'm rambling...
But I don't think you can expect to see the value of bitcoin rise to $200+ having been made illegal. It would scare off the investment and support that it needs to succeed.
The illegality of drugs is not ineffective - it is unsuccessful. The two are not the same. A large portion of the UK population do not take illegal drugs, but they do drink alcohol. I think you can argue that this is largely due to the legality of the drug in question... though evidently cultural history plays an important role in legality and thus uptake.
I'm rambling...
The war on drugs and NMSL are examples that government prohibition is usually ineffective, even with the threat of relatively severe punishments (for typically victimless crimes). Drug prohibition is a clear example of a commodity gaining value when banned, due to supply constraints without commensurate demand constraints.
A ban on bitcoin could well hurt adoption in the short term, but it would likely thrive in the resulting black market if said market is large enough. Illegal bitcoin could still be converted to legal things at a local OTC/person-to-person level. Those familiar with the old Communist bloc of Soviet Russia and eastern Europe would have some ideas about these things. I remember in Romania in the 1980s that the local currency was sometimes far less useful than USD.
A ban on bitcoin could well hurt adoption in the short term, but it would likely thrive in the resulting black market if said market is large enough. Illegal bitcoin could still be converted to legal things at a local OTC/person-to-person level. Those familiar with the old Communist bloc of Soviet Russia and eastern Europe would have some ideas about these things. I remember in Romania in the 1980s that the local currency was sometimes far less useful than USD.
$200 isn't a big deal - been there already. True, after the 2011 crash, the price took almost two years to retest the ATH, but history usually doesn't repeat itself perfectly. Already, this year's bubble has taken on a different nature to the one in 2011, where the spike was proportionally larger, and the post-bubble bear stronger (the 2011 trend line is sharply downward after June).
Assuming Bitcoin doesn't crash and burn - and I don't think even government restrictions can stop it (witness the "war on drugs" or the 55/65 mph speed limits in the US, for example, and it has been possible to go to jail for breaking both laws, so lack of punishment cannot be cited as a reason for their ineffectiveness) - I'd be more interested as to when mBTC reaches dollar parity, and the $5-$10/mBTC range. This could happen sooner than any of us might imagine, or it might take a number of years to happen. Or Bitcoin will fail and price will fall to zero or nearly zero. Nobody knows. I'm bullish but can't rule out that short term, we're still in a bit of a bear market (or a flat one at least).
Assuming Bitcoin doesn't crash and burn - and I don't think even government restrictions can stop it (witness the "war on drugs" or the 55/65 mph speed limits in the US, for example, and it has been possible to go to jail for breaking both laws, so lack of punishment cannot be cited as a reason for their ineffectiveness) - I'd be more interested as to when mBTC reaches dollar parity, and the $5-$10/mBTC range. This could happen sooner than any of us might imagine, or it might take a number of years to happen. Or Bitcoin will fail and price will fall to zero or nearly zero. Nobody knows. I'm bullish but can't rule out that short term, we're still in a bit of a bear market (or a flat one at least).
If using bitcoin were made illegal in the US it would have serious implications for the widespread uptake of the currency. It would make it highly unattractive to everyone and everything that it needs to continue to grow.
The war on drugs and speeding are very different situations, and I don't actually think they are very good examples for the argument you are trying to make. I mean, does your local shopkeeper accept crack? It has a monetary value after all...
If a bitcoin mass adoption will begin somewhen, its hard to say anything about the price. Open end, I guess.
But somehow I wish that an upcoming coin will kick BTC from its throne. And that I will be an early adopter of this coin
But somehow I wish that an upcoming coin will kick BTC from its throne. And that I will be an early adopter of this coin
200 it`s way to easy. i think it will go for 1000$ by the end of next year.
$200 isn't a big deal - been there already. True, after the 2011 crash, the price took almost two years to retest the ATH, but history usually doesn't repeat itself perfectly. Already, this year's bubble has taken on a different nature to the one in 2011, where the spike was proportionally larger, and the post-bubble bear stronger (the 2011 trend line is sharply downward after June).
Assuming Bitcoin doesn't crash and burn - and I don't think even government restrictions can stop it (witness the "war on drugs" or the 55/65 mph speed limits in the US, for example, and it has been possible to go to jail for breaking both laws, so lack of punishment cannot be cited as a reason for their ineffectiveness) - I'd be more interested as to when mBTC reaches dollar parity, and the $5-$10/mBTC range. This could happen sooner than any of us might imagine, or it might take a number of years to happen. Or Bitcoin will fail and price will fall to zero or nearly zero. Nobody knows. I'm bullish but can't rule out that short term, we're still in a bit of a bear market (or a flat one at least).
Assuming Bitcoin doesn't crash and burn - and I don't think even government restrictions can stop it (witness the "war on drugs" or the 55/65 mph speed limits in the US, for example, and it has been possible to go to jail for breaking both laws, so lack of punishment cannot be cited as a reason for their ineffectiveness) - I'd be more interested as to when mBTC reaches dollar parity, and the $5-$10/mBTC range. This could happen sooner than any of us might imagine, or it might take a number of years to happen. Or Bitcoin will fail and price will fall to zero or nearly zero. Nobody knows. I'm bullish but can't rule out that short term, we're still in a bit of a bear market (or a flat one at least).
I would like it to go down some more so i can buy some. Then $200 would be good, so i can sell and make money. Faucets for me work but take up lots of time.
I would like it to go down some more so i can buy some. Then $200 would be good, so i can sell and make money. Faucets for me work but take up lots of time.
yes... without a doubt
maybe...perhaps one more year or so
I don't think we have to wait for 1 year. It may hit $200 within 6 months.
no now things going some difficult for touching 200$ very soon as some speculations going around here or may be these are for touching 200$ is very soon
maybe...perhaps one more year or so
I don't think we have to wait for 1 year. It may hit $200 within 6 months.
What do you think BTC will hit $200 again?
If yes, how many days we have to wait?
If yes, how many days we have to wait?
Yes, by October of this year.
/C
Are you sure? If it hit by October 2013 I'll never sell my 5.5 BTC.
You are LTC lover. Why you are interested on BTC?
Given enough time, I am sure Bitcoin will hit $200 again. The big question is when, and how far will it go.
It would appear Bitcoin is going to have a long future, as more people come aboard it becomes more solidified.
It would appear Bitcoin is going to have a long future, as more people come aboard it becomes more solidified.
but now as congress order FBI check all in bitcoins so may be its collapse before reaching 200$
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