Topic: How much do you think a BTC can be worth in the future? (Read 2093 times)
it really depends on what it can be spent on... If more real business adopt the use of BTC's then we'll see the demand increase. Really the price is only going to go as high as it is manipulated due to the small liquidity of it all, or as high as it can based on demand. Just like any other market.
If you count the factor that fiat money can be made out of thin air, versus the BTC is only made once, this fact only gives BTC an enormous plus for the years to come. Chances are (and I've written it elsewhere) people who are in possession of BTCs in the future won't have the slightest will to sell them off for fiat money.
If I can make a correlation that would be with the value of diamonds nowadays. You know what gives them power? The fact that they're numbered and filed under strict market regulations. Otherwise it's only crystalized carbon. My bet is that if BTC continues to lie around within the next decade it would be -literally- priceless. If you'll own them you won't want to sell them at any price fiat money can give you.
So; one might ask: "How will the world go around?"
Here's a thought: More "strict" money will have to be made. Litecoin is a nice example. Less valued, more to float around, but no one can make them out of thin air too. This will have to be the next lower step towards BTC exchange value. Fiat money will continue to float too. But they will have less value than today (as it's been done since 1930's).
If I can make a correlation that would be with the value of diamonds nowadays. You know what gives them power? The fact that they're numbered and filed under strict market regulations. Otherwise it's only crystalized carbon. My bet is that if BTC continues to lie around within the next decade it would be -literally- priceless. If you'll own them you won't want to sell them at any price fiat money can give you.
So; one might ask: "How will the world go around?"
Here's a thought: More "strict" money will have to be made. Litecoin is a nice example. Less valued, more to float around, but no one can make them out of thin air too. This will have to be the next lower step towards BTC exchange value. Fiat money will continue to float too. But they will have less value than today (as it's been done since 1930's).
$20 (20 posts needed to get out, right?)
Only 5, and 4 hours of longtime.
So know do you thing 5$ or 4$ as you strangely ling this together.
$20 (20 posts needed to get out, right?)
I gave it some thought in the past: https://bitcointalksearch.org/topic/m.675926
. . .a conversion rate of 25$ would be the minimum to get your Investment back within ~6 months. I expect miniers will refuse selling BTC below this mark. . .
According to bitcoincharts.com, an average of 48,866.47 BTC were sent per hour yesterday. Mining creates approximately 300 BTC per hour. Even if every single miner sold exchanged BTC they mined, the exchange of freshly minted coins would account for less than 0.62% of all BTC transactions. Since many miners hold on to their coins, the number is probably quite a bit less than that. It would seem that the price miners are willing to sell at isn't the only thing setting the exchange rate for BTC.Very true! But at least I wouldn't sell my coins for less, IF my calculation proofs right.
I predict a BTC price of ~25$ for Q1 2013. Why do I think so? I expect the mining difficulty to be 50,000,000+ when Bitcoin ASICS are actually shipped to the miners.
Gosh, that's pessimistic! I guess I'm holding onto all of them or selling only at >> $30/BTC if that's the case, though.
. . .a conversion rate of 25$ would be the minimum to get your Investment back within ~6 months. I expect miniers will refuse selling BTC below this mark. . .
According to bitcoincharts.com, an average of 48,866.47 BTC were sent per hour yesterday. Mining creates approximately 300 BTC per hour. Even if every single miner sold exchanged BTC they mined, the exchange of freshly minted coins would account for less than 0.62% of all BTC transactions. Since many miners hold on to their coins, the number is probably quite a bit less than that. It would seem that the price miners are willing to sell at isn't the only thing setting the exchange rate for BTC.
I predict a BTC price of ~25$ for Q1 2013. Why do I think so? I expect the mining difficulty to be 50,000,000+ when Bitcoin ASICS are actually shipped to the miners. With an investment of 150$ and a hashrate of 4500 MH/s, a conversion rate of 25$ would be the minimum to get your Investment back within ~6 months. I expect miniers will refuse selling BTC below this mark. Of course I can be totally wrong about the difficulty (maybe twice as hard 
). With Moore's Law in mind we could see 50$/BTC in Q4 2014. Try here: http://bitcoinx.com/profit/index.php
). With Moore's Law in mind we could see 50$/BTC in Q4 2014. Try here: http://bitcoinx.com/profit/index.php 
the only thing tht would stop the growing value, is the goverment intervening.
over 9000
I expect BTC to double its value at least once per year for the coming 2 years. Based on that theory I expect the following:
December 2012: 1 BTC = at least 15 USD
December 2013: 1 BTC = at least 30 USD
December 2014: 1 BTC = at least 50 USD
December 2015: 1 BTC = at least 80 USD
December 2012: 1 BTC = at least 15 USD
December 2013: 1 BTC = at least 30 USD
December 2014: 1 BTC = at least 50 USD
December 2015: 1 BTC = at least 80 USD
An interesting way of thinking about it is how many people can be richer than you in Bitcoin. If you have 2,100BTC then you have to be in the richest 10,000 people in the world in bitcoin terms. If you have 210BTC then you have to be in the richest 100,000.
It gives you an idea of how small bitcoin still is. If even 1 million people were interested in bitcoin, they could have no more than 21BTC each. And that's just in the long run. At the moment, they could only have about 10BTC each.
If bitcoin got big, it could get very very big.
It gives you an idea of how small bitcoin still is. If even 1 million people were interested in bitcoin, they could have no more than 21BTC each. And that's just in the long run. At the moment, they could only have about 10BTC each.
If bitcoin got big, it could get very very big.
15 years from now he'd be wishing he had an extra $10,000 in his pocket.
which, by then, will buy dinner for two at denny's.
I don't care as long as the price goes up like it is designed to. Yeah I'm working on getting some friends in to it, but people are so close minded.
Just curious - what have your friends said? I outright gave one of my friends a bitcoin after he expressed some interest in it, and he seemed pretty stoked. He's over it now but he's got it in an encrypted wallet, and it only cost me $12.
What I hope doesn't happen is that he loses it, then prices skyrocket - 15 years from now he'd be wishing he had an extra $10,000 in his pocket.
50'000$ 10 years from now.
I will actually come back in ten years to check my guess.
I will actually come back in ten years to check my guess.
I don't care as long as the price goes up like it is designed to. Yeah I'm working on getting some friends in to it, but people are so close minded.
I've managed to get at least one friend into it already and will keep working on the others. I've also printed up a dozen flyers promoting Bitcoin so I'll see where I can post them strategically without getting in trouble with the fuzz.
i would say there are two possibilities. either bitcoins are worth a few hundred dollars in less then 5 years or they'll vanish within the same time
BTC can still languish a round for a couple of more years.
But basically, yes. I think the next four to five years are critical.
Either BTC will make it by then, or disappear into meaninglessness (yes, that's a word)
i would say there are two possibilities. either bitcoins are worth a few hundred dollars in less then 5 years or they'll vanish within the same time
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