If someone had offered you a piece of the internet back in the 1980's would you have invested? Probably not. Instead folks invested in ISP services like Compuserve. That's what is happening with Bitcoin. Folks are investing in mining rigs with much more than the 150M USD Bitcoin capitalization. So realistically, Bitcoin has a market cap of closer to 300M and is growing. When ASICs come out many miners will use the money they spend on electricity and buy bitcoins instead. Many more will get into the game and we'll see another surge in market cap.
The Internet in its very early stages was offered to AT&T in 1971 for free and they turned it down. http://www.cybertelecom.org/notes/internet_history70s.htm#att 
Topic: [Poll] How long until $1000 per 1 Bitcoin? - page 5. (Read 8024 times)
$400 max, by the time the last coins are going to be mined up.
If someone had offered you a piece of the internet back in the 1980's would you have invested? Probably not. Instead folks invested in ISP services like Compuserve. That's what is happening with Bitcoin. Folks are investing in mining rigs with much more than the 150M USD Bitcoin capitalization. So realistically, Bitcoin has a market cap of closer to 300M and is growing. When ASICs come out many miners will use the money they spend on electricity and buy bitcoins instead. Many more will get into the game and we'll see another surge in market cap.
It's 10 times less then $1000.
But $100 means a market of us$ 2.1 billion... ok us$ is weak.. but... it's a lot.
But $100 means a market of us$ 2.1 billion... ok us$ is weak.. but... it's a lot.
Microsoft bought stupid communicator for $8.5 billion. So I don't think 2.1 is a lot.
I know, Facebook $100 billion.. but really... no.
But $100 means a market of us$ 2.1 billion... ok us$ is weak.. but... it's a lot.
I don't actually think it's a lot.Speaking at a conference in Brussels on the future of Afghanistan, hosted by Princeton University, the Executive Director of UNODC, Antonio Maria Costa, announced that the total export value of opiates produced in and trafficked from Afghanistan in 2007 is about $4 billion, a 29 per cent increase over 2006.
And that's Afghanistan only, global illegal drug trade is probably somewhere around $500 billion.But again, that's illegal drug trade only!
It's 10 times less then $1000.
But $100 means a market of us$ 2.1 billion... ok us$ is weak.. but... it's a lot.
But $100 means a market of us$ 2.1 billion... ok us$ is weak.. but... it's a lot.
Microsoft bought stupid communicator for $8.5 billion. So I don't think 2.1 is a lot.
Never.
$100.. more realistic, maybe a short bubble like the $30+ days/hours... but no, not for a long period of time.
Is it never, or not for a long period of time now? $100.. more realistic, maybe a short bubble like the $30+ days/hours... but no, not for a long period of time.
Ok. $1000 never.
And what makes $100 more realistic?
It's 10 times less then $1000.
But $100 means a market of us$ 2.1 billion... ok us$ is weak.. but... it's a lot.
Never.
$100.. more realistic, maybe a short bubble like the $30+ days/hours... but no, not for a long period of time.
Is it never, or not for a long period of time now? $100.. more realistic, maybe a short bubble like the $30+ days/hours... but no, not for a long period of time.
And what makes $100 more realistic?
There is a lot of experimentation going on with hardware. There are theoretical models that point to the inevitability of global adoption. It is only a matter before the gearheads create the killer app. Then 1000 USD will fly by like road sign on the Autobahn.
Not going to happen. Never.
This means it'll probably happen later today.
Not going to happen. Never.
This means it'll probably happen later today.
Never.
$100.. more realistic, maybe a short bubble like the $30+ days/hours... but no, not for a long period of time.
$100.. more realistic, maybe a short bubble like the $30+ days/hours... but no, not for a long period of time.
Not going to happen. Never.
quoted for future reference
Not going to happen. Never.
As soon as it's being used to sell "illegal" high cap mags, ammo, and pistol grips.
5 to 10 years.
How long until 0.10$ per Bitcoin? Probably less.
Damn, If that's true I'll be very rich in 5-10 years... since I would put hundreds into 10 cent bitcoinsHow long until 0.10$ per Bitcoin? Probably less.
Sorry, i meant that it is either one or the other.
These kind of topics are pointless, if we all think that the price will eventually go up, why is it still stable? We don't know. It will either be 0.1$ or 1000$ in a decade, i'm quite sure of it.
5 to 10 years.
How long until 0.10$ per Bitcoin? Probably less.
Damn, If that's true I'll be very rich in 5-10 years... since I would put hundreds into 10 cent bitcoins How long until 0.10$ per Bitcoin? Probably less.
5 to 10 years.
How long until 0.10$ per Bitcoin? Probably less.
How long until 0.10$ per Bitcoin? Probably less.
Bitcoin could be worth the equivalent purchasing power of $1000 some day, but I don't think it will ever be worth $1000.
Wouldn't "$1000 today money" purchasing power be worth more than "$1000 future money"?Yes, of course.
The reason I say that is that is that the USD would not survive such large inflation and I don't think the purchasing power of bitcoin can rise to these levels without the disappearance of the Dollar in the first place.
At the same time any significant valuation of Bitcoin demands for it to play a major role which I don't think will happen before the USD is gone.
I actually just mentioned this in a different post. I used $1000 as the example it would be in 10 years, lol.
Instead of sending Bitcoins to people, you'll be sending .005 of a BTC for a $100 payment sooner or later. Maybe not in out lifetime, but definitely sometime.
Instead of sending Bitcoins to people, you'll be sending .005 of a BTC for a $100 payment sooner or later. Maybe not in out lifetime, but definitely sometime.
Jump to: