the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
First the latter then the former, in that order.
No. First was when the Ripple hubris collapsed.
Topic: Guesses on when we'll break $10 (Read 8000 times)
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
First the latter then the former, in that order.
No. First was when the Ripple hubris collapsed.
I predict that not only will Bitcoin slide into negative figures by March, it will also give every single holder a prolapsed colon.
Fact.
Fact.
My guess is that BTC will hit $10 in March 2014
the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
First the latter then the former, in that order.
Got a time frame?
the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
First the latter then the former, in that order.
the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
the inevitable collapse of hubris
I betcha when it went from 10$ to 7$ these boards were filled with people talking about 'the huge crash' and 'the big bubble' and how 'bitcoin will never reach 10$ again'.
$10 for a stinky bitcoin, fk that
hmm, guessing $10 per mbtc in September 2015 according to the logarithmic regression chart line.
One big negative story from the media and we will again be seeing bitcoins selling below $100
You mean in addition to the ones they run every week, or...?
Will NEVER happen. You might as well have said in this thread that it was going back to 10 cents.
One big negative story from the media and we will again be seeing bitcoins selling below $100
Maybe you will sell, but I'll not SELL. (I'll buy)
One big negative story from the media and we will again be seeing bitcoins selling below $100
Will NEVER happen. You might as well have said in this thread that it was going back to 10 cents.
One big negative story from the media and we will again be seeing bitcoins selling below $100
You mean in addition to the ones they run every week, or...?
Hah, when I posted my guess it was only 13 days away from hitting 10. Even after the Pirate debacle, in September it was still above 10.
Nice.
Nice.
Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well
Since the thread started, Bitcoin increased in value 37 times over and its still very much at the geeks and early adopters stage. In 2 years it would be surprising if Bitcoin was worth less than $10000 and that assumes that it still is at early adopter stage. Even if only one small country in the world adopts it, Bitcoin will shoot over $100,000 per coin.
How do you justify that last statement when Bitcoin is already more valuable than the base money supply for most small countries?
Well, it's probably more apt to compare bitcoin to M2, not M0. It won't support the same leverage ratios as fiat, so it'll just deflate (gain purchasing power) instead.
But that said, I think getting into 5-digit territory will be MUCH more difficult and take MUCH longer than getting from 3-digits to 4. People have to realize that at a "market-cap" in the $30B range (ie, ~$2500/BTC), it's still just a toy in terms of global relevance.....just like today. All but small countries' M2 is considerably higher, still valued less than hundreds of corps and dozens of individuals, etc. But scale one more order of magnitude into $200B territory, and things change. That would put it in the M2 ballpark of significant nations, and the "market-cap" would be similar to that of the world's most valuable companies. Quite a different story.
TL;DR: Bitcoin can easily scale another order of magnitude on the dynamics that have brought it to where we are today. But after that, it gets MUCH harder.
One big negative story from the media and we will again be seeing bitcoins selling below $100
Memories...
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