How big do you think the Crypto bubble will get? Compared to internet bubble? - page 2.

Kipsy89

sr. member

Activity: 280

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Relax!

Quote from: Baitty on July 22, 2014, 12:40:17 PM

Only time will tell I guess but Bitcoin has a big expectation by a lot of people and I'm not quite sure that it will live up to those expectations. but like I said only time will tell.

Man, the way you say that implies that you believe Bitcoin will face a similar fate like the Internet bubble! It may be devastating! On the plus side: We're investing in a technology here not in a single company that may or may not actually live up to their promise. Just don't get distracted by all these altcoins!

MineForeman.com

legendary

Activity: 896

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In my head I have a not very scientific model that only takes into account one thing, savings.

In that unscientific model I imagine what would it be like if we had 21 million people (of the 4+ billion there are in the world) that want to have 1 BTC in their savings portfolio.

I then apply supply and demand to my unscientific model and blow my mind Tongue

.

Neil

hoewer4what

full member

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Depends how many transactions daily Bitcoin can include, the interesting thing is we are still far from 1MB/block limit, so Bitcoin is hardly stress tested to get idea if it can be scaled to worldwide use like credit cards

teknohog

sr. member

Activity: 520

Merit: 253

555

Quote from: damnedcoin on July 22, 2014, 02:08:26 PM

The Eternal Inflation Theory suggests that our Universe is just a bubble in a whole froth of Universes.

Get out while you can.

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: bitsmichel on July 22, 2014, 02:36:11 PM

Quote from: cryptopaths on July 22, 2014, 12:37:39 PM

We are a part of the Crypto bubble the internet bubble 2.0

Crypto is following the same trajectory of the internet. The internet was created and then a couple years later start ups started to pop up.

Bitcoin was created then a couple years later start ups are starting to pop up.

How big do you think this bubble will get?

I think we are in the early adaptors phase. I mean, still today, many people have no clue about wallets, bitcoin transactions etc..
New technology is generally adapted slowly.. it took a while until there were lightbulbs in every house hold, it took a while until there was a train network in the US, I think the same applies to cryptocurrency. Such things never happen in an eye blink, in a few years I think bitcoin market will be 4 to 10 times the current size.

we are moving towards singularity though. how long did it take for the internet to become ubiquitous? what about facebook? i know bitcoin is not the same thing as facebook or the internet, but we're talking about mass adoption here. i don't think bitcoin can grow as fast as facebook or the internet, but it can still grow faster than we expect.

bitsmichel

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Activity: 518

Merit: 250

Quote from: cryptopaths on July 22, 2014, 12:37:39 PM

We are a part of the Crypto bubble the internet bubble 2.0

Crypto is following the same trajectory of the internet. The internet was created and then a couple years later start ups started to pop up.

Bitcoin was created then a couple years later start ups are starting to pop up.

How big do you think this bubble will get?

I think we are in the early adaptors phase. I mean, still today, many people have no clue about wallets, bitcoin transactions etc..
New technology is generally adapted slowly.. it took a while until there were lightbulbs in every house hold, it took a while until there was a train network in the US, I think the same applies to cryptocurrency. Such things never happen in an eye blink, in a few years I think bitcoin market will be 4 to 10 times the current size.

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: spazzdla on July 22, 2014, 12:42:43 PM

Quote from: Baitty on July 22, 2014, 12:40:17 PM

Only time will tell I guess but Bitcoin has a big expectation by a lot of people and I'm not quite sure that it will live up to those expectations. but like I said only time will tell.

Only here does it seem like that.. Most people think BTC is a made up valueless peice of something they don't understand that hackers will "print" billions into existance of.

I think 1 mBTC will be worth 1 million during the peak of the bubble... Things will be bad.

it's quite ridiculous to insinuate that 1 bitcoin will go for $1 billion dollars. seriously, all paper currency would have to no longer exist for that to even be a remote possibility, and then some more. that's probably more than the the whole assets of the U.S.

if there are 12 million bitcoins now, then that's 1 billion x 12 million. this is bias bitcoin evangelism here.

maurya78

hero member

Activity: 490

Merit: 500

https://stripe.com/blog/bitcoin-the-stripe-perspective

Important article that provides some perspective on this

damnedcoin

newbie

Activity: 16

Merit: 0

The Eternal Inflation Theory suggests that our Universe is just a bubble in a whole froth of Universes. The real question is whether Bitcoin resides within or outside this bubble.

Yakamoto

legendary

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Quote from: Beliathon on July 22, 2014, 12:59:40 PM

You know, I remember when Bitcoin first broke $100 each, and most folks thought it had peaked. Many early investors were gleefully selling thinking they had finally hit the jackpot. That's the smaller red box on the left, now...

Quote from: cryptopaths on July 22, 2014, 12:37:39 PM

How big do you think this bubble will get?

Big. I expect this pattern will repeat itself many times over the course of the next two to three decades. It will continue to do so until fiat money is little more than distant memory - a bad joke.

Once humanity is looking at money through the lens of an true, honest-to-goodness consensus-based decentralized currency, we will look back in wonder how anyone tolerated the scam that is nation-state fiat scrip.

Give this a watch if you want to learn more. And this - Bitcoin the organism.

Oh! HSoM! Good to know I'm not the only one watching that!

I fully agree with you, though, in the future, when we may very well finally be free from central banks (And most banks overall) we'll look back and ask; "We lived with WHAT?"

At least we'll have good stories to tell about how we were the earliest people to push for decentralization...

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

Quote from: TrailingComet on July 22, 2014, 02:00:15 PM

$25k to $50k per coin is as far as I allow my imagination to take me
I agree that some of the more optimistic scenarios are a real stretch of one's imagination

I still can't imagine it going that high. I think I could accept it going to $5k-10 but don't think it could go any higher than that.

TrailingComet

sr. member

Activity: 462

Merit: 250

$25k to $50k per coin is as far as I allow my imagination to take me
I agree that some of the more optimistic scenarios are a real stretch of one's imagination

cuddaloreappu

hero member

Activity: 756

Merit: 502

what if bitcoin stays the same price but investment bubble happens only to bitcoin related companies?

just kidding

hellscabane

legendary

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Quote from: spazzdla on July 22, 2014, 12:42:43 PM

Quote from: Baitty on July 22, 2014, 12:40:17 PM

Only time will tell I guess but Bitcoin has a big expectation by a lot of people and I'm not quite sure that it will live up to those expectations. but like I said only time will tell.

Only here does it seem like that.. Most people think BTC is a made up valueless peice of something they don't understand that hackers will "print" billions into existance of.

I think 1 mBTC will be worth 1 million during the peak of the bubble... Things will be bad.

I'm assuming you are speaking in terms of BTC/USD. If so, then $1B per BTC would be pretty damn crazy.

I mean, this implies that the overall market cap would be $21 quadrillion. Not even the entire world's M3 supply comes remotely close to just $1 quadrillion. So, we'd be in insane hysteria land at that point. Not sure if that's a good thing, but at this point in time, it doesn't.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

You know, I remember when Bitcoin first broke $100 each, and most folks thought it had peaked. Many early investors were gleefully selling thinking they had finally hit the jackpot. That's the smaller red box on the left, now...

Quote from: cryptopaths on July 22, 2014, 12:37:39 PM

How big do you think this bubble will get?

Big. I expect this pattern will repeat itself many times over the course of the next two to three decades. It will continue to do so until fiat money is little more than distant memory - a bad joke.

Once humanity is looking at money through the lens of an true, honest-to-goodness consensus-based decentralized currency, we will look back in wonder how anyone tolerated the scam that is nation-state fiat scrip.

Give this a watch if you want to learn more. And this - Bitcoin the organism.

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

in time bubbles will be denominated in BTC

so think big, really big

Cool

spazzdla

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Activity: 1722

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Quote from: Baitty on July 22, 2014, 12:40:17 PM

Only time will tell I guess but Bitcoin has a big expectation by a lot of people and I'm not quite sure that it will live up to those expectations. but like I said only time will tell.

Only here does it seem like that.. Most people think BTC is a made up valueless peice of something they don't understand that hackers will "print" billions into existance of.

I think 1 mBTC will be worth 1 million during the peak of the bubble... Things will be bad.

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

Only time will tell I guess but Bitcoin has a big expectation by a lot of people and I'm not quite sure that it will live up to those expectations. but like I said only time will tell.

cryptopaths

hero member

Activity: 616

Merit: 500

Crypto Knight

We are a part of the Crypto bubble the internet bubble 2.0

Crypto is following the same trajectory of the internet. The internet was created and then a couple years later start ups started to pop up.

Bitcoin was created then a couple years later start ups are starting to pop up.

How big do you think this bubble will get?

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