how much do you really think this will go up in value?

indiemax

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Quote from: hailtopitt on March 28, 2014, 10:09:12 PM

$0. First off bitcoin is easily replaceable. But the biggest reason IMO it will fail is the volatility of the currency.

Consider this.

What would happen if someone wanted to purchase a car and had the bitcoin to do so, but the market is a bear market and there's a 20% decrease in the value of bitcoin overnight? What's he going to do? He had $20,000 in bitcoins one day but the next day he had $16,000 in bitcoins due to the drop. HODL for a month and wait until his bitcoins are back to being worth $20,000 so he can buy his car? But the guy needs the car NOW. He's got a new job and kids and there's no way he can get by without wheels.

Everybody on this forum just screams HODL all the time and doesn't realize that HODLING through the drops is not going to work out too well for someone who is 100% bitcoin and uses that bitcoin to pay for their food, rent and other bills.

Easily replaceable? not right now it's not,all the startup guys and developers of uses for bitcoin ain't gonna pack up and move over to a shit coin any time soon.

It's also not a currency,although you can use it as such,it's a commodity and with that goes big price volatility. have you ever looked at historical commodity charts? na, didn't think so.
Early days my friend ,early days

Bit_Happy

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A Great Time to Start Something!

Quote from: jamesc760 on March 28, 2014, 10:07:56 PM

Some people on this forum are delusional....
...
Inflation in the USA remains low, around 2-3%.

You call "some of us delusional"
...and then claim you believe actual USA inflation is only around 2-3%? Cheesy

OK

hailtopitt

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$0. First off bitcoin is easily replaceable. But the biggest reason IMO it will fail is the volatility of the currency.

Consider this.

What would happen if someone wanted to purchase a car and had the bitcoin to do so, but the market is a bear market and there's a 20% decrease in the value of bitcoin overnight? What's he going to do? He had $20,000 in bitcoins one day but the next day he had $16,000 in bitcoins due to the drop. HODL for a month and wait until his bitcoins are back to being worth $20,000 so he can buy his car? But the guy needs the car NOW. He's got a new job and kids and there's no way he can get by without wheels.

Everybody on this forum just screams HODL all the time and doesn't realize that HODLING through the drops is not going to work out too well for someone who is 100% bitcoin and uses that bitcoin to pay for their food, rent and other bills.

jamesc760

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Some people on this forum are delusional in thinking that US$ is going to "trash" or "tank" or "going to toilet" or whatever. US$ is the backbone of the world's economy. Sure, it's been slowly eroding as a currency of choice; however, as long as the USA remains the lone super power, US$ is not going anywhere.

Compared to bitcoin, US$ is rock steady in its stability. Inflation in the USA remains low, around 2-3%.

As a medium of exchange, US$ is far preferable to bitcoins at this time.

As an investment, bitcoins appear to be superior. But, that's about it.

Bitcoin needs to break out of its speculative nature, if it's going to be taken seriously as a world currency.

boumalo

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Quote from: TERA on March 18, 2014, 03:50:03 AM

Quote from: Bit_Happy on March 18, 2014, 02:20:14 AM

I will commit to selling BTC for the fair price of $1,000,000 each, but this offer expires in late 2016.
Seriously?
OK...late 2017, but this is your last chance. Grin

Oh ok well when btc is trading at $10,000,000 in early 2016, you better stick with this committment.

I will be there as well to buy btc that cheaply with USD that will have lost most its value

We are talking nominally right?

Bit_Happy

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How much do you really think this will go up in value?
Maybe only a little, but if the USD is totally trashed BTC will appear to be really high.

DiamondDust

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As much as possible

never known what price will be in future.
Reg.

TERA

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Quote from: Bit_Happy on March 18, 2014, 02:20:14 AM

I will commit to selling BTC for the fair price of $1,000,000 each, but this offer expires in late 2016.
Seriously?
OK...late 2017, but this is your last chance. Grin

Oh ok well when btc is trading at $10,000,000 in early 2016, you better stick with this committment.

Bit_Happy

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I will commit to selling BTC for the fair price of $1,000,000 each, but this offer expires in late 2016.
Seriously?
OK...late 2017, but this is your last chance. Grin

pdawg

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Quote from: spazzdla on March 17, 2014, 10:30:45 AM

IMO Bitcoins becomes the gold of cryptos, something like peercoin or doge will become the actual spending currency.

I'd say aroud $500-600k, the same value of gold. If you took gold and divided it into 21 million parts the value is around $550,000.00

I would be OK with this scenario

kooke

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Bitcoin super-duper-mega-ultra-hyper-node

I think a value of $10k to $15k is possible in 3 years.

spazzdla

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IMO Bitcoins becomes the gold of cryptos, something like peercoin or doge will become the actual spending currency.

I'd say aroud $500-600k, the same value of gold. If you took gold and divided it into 21 million parts the value is around $550,000.00

Paashaas

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Quote from: bgmc on March 17, 2014, 01:53:46 AM

I have a hard time seeing bitcoin ever reach 50k. It seems by that time other altcoins would have taken off. I'll bet solarcoin will be one of them to challenge bitcoin for popularity down the road.

You will be very sad that you didnt hodl youre coins, realy. Bitcoin keeps getting more adoption, hundreds of new merchants at Bitpay each week. Bigger infrastructer, more tools and the whole Bitcoin in general is getting improved. All over the world new exchanges waiting to get a license, some big online retailers is making good money from Bitcoin and trust me; more big players will come. Bitcoin wipes the floor with all online payments systems in the world, that will cause a major transformation.

Im shocked if ppl here on this forum still thinks that Bitcoin wont grow anymore ore is gonna be dead.

Bitcoin is brand new, fresh and young, very young!

p.s Bitcoin wont be destroyed by a alt-coin in the comming 5-10 years atleast. (it wil need to kill Light-coin first, gl with that)

Bitocin is all ore nothing, at the way it looks now Bitocin will be big. 50k is very realistic.

xb0x

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Better don't say if you don't know!

It will depend on how the demand go on in future and what bitcoin attract in its way & how many population.
Though, i expect (wish?) it to reach $10K or more within in few years.

pdawg

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$10-50,000 within 3 years. I would liken BTC like the birth of the WWW.

Ekaros

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I believe it leveling off in 1-100$ range depending on how much of them are in circulation. That is it will end up as marginal or small payment system, for drugs and some other uses...

TERA

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$9001

Sindelar1938

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I think $15-30k is realistic and can happen within a 3 year time frame

aminorex

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Sine secretum non libertas

So far the only thing altcoins have done to the price of bitcoin, is cause it to rise. Anybody who wants an altcoin will almost certainly buy it with bitcoin. Wake me up when that changes.

bgmc

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I have a hard time seeing bitcoin ever reach 50k. It seems by that time other altcoins would have taken off. I'll bet solarcoin will be one of them to challenge bitcoin for popularity down the road.

tkbx

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If Bitcoin becomes the international standard? Anyone with a mBTC or more will need to keep their identity and location a secret, and make use of cold storage in a secure location, possibly with armed guards.
More realistically, if it becomes about as popular as Diner's Club, I can see $50k to $100k per coin.

mining4virtualgold

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what is the ceiling value of 21 million bitcoin?? what is realistic?

Topic: how much do you really think this will go up in value? (Read 2346 times)