Topic: [POLL] - Predict Bitcoin's all time high (Read 2159 times)
I really hope those of you with high percentages of your savings in BTC are a small number of people...
I invested 20% of my fiat into bitcoin........ now I guess it must be around about 99%
If your fiat part hasn't changed, that means you bought at about $2. Congratulations!
I guess around 50000 USD, maybe a spike towards 100000 USD.
All those numbers in CURRENT USD (not future inflated USD)
edit: >70% of my savings (at current prices) are in BTC and I am feeling well
I am even planning to put my future savings in BTC and PM also. I do not need fiat unless for my daily expenses
All those numbers in CURRENT USD (not future inflated USD)
edit: >70% of my savings (at current prices) are in BTC and I am feeling well
I am even planning to put my future savings in BTC and PM also. I do not need fiat unless for my daily expenses
I would be happy with $10.000 but cant imagine that it will happen. But then again, as it was $200 I was not able to imagine $1.000... Lets see what will happen. I changed 60% of my FIAT to BTC.
You are crazy if that means that 60% of your savings are in BTC.
Yes it means 60% of my savings. But I was too late, was thinking to do that on april 2013 but only invested 10% @$200 and now 50% @$750...
This poll confirms contrarian perspective.
Shotr bitcoin into the abyss of 2$.
Shotr bitcoin into the abyss of 2$.
I would be happy with $10.000 but cant imagine that it will happen. But then again, as it was $200 I was not able to imagine $1.000... Lets see what will happen. I changed 60% of my FIAT to BTC.
You are crazy if that means that 60% of your savings are in BTC.
Um.. I must be insane because I already converted 100% of mine into BTC even when I have credit card debt
I invested 20% of my fiat into bitcoin........ now I guess it must be around about 99%
I would be happy with $10.000 but cant imagine that it will happen. But then again, as it was $200 I was not able to imagine $1.000... Lets see what will happen. I changed 60% of my FIAT to BTC.
You are crazy if that means that 60% of your savings are in BTC.
Um.. I must be insane because I already converted 100% of mine into BTC even when I have credit card debt
I have to think that a lot of people losing money in the stock market may be unable or unwilling to get into BTC now and in the near future. They've lost their shirts and will have to adjust before embracing a risky thing like BTC. Ultimately BTC will prevail, but there could be a slowing of new money into the economy for a bit while people recover their ground. They will see the value of BTC all the more through their fiat-based losses, but they may not be able to spend any money at all for a while.
Or maybe they will finally realize that risk and volatility are two totally different things on a human discounting horizon, and decide that its better to be rich and autonomous than to be a poor slave.
It could happen. Not likely, I admit, but possible.
You are crazy if that means that 60% of your savings are in BTC.
Crazy? Try 140% for a while.
it is going to tough to have significant buy support
math is hard. let's go shopping
I would be happy with $10.000 but cant imagine that it will happen. But then again, as it was $200 I was not able to imagine $1.000... Lets see what will happen. I changed 60% of my FIAT to BTC.
You are crazy if that means that 60% of your savings are in BTC.
I would be happy with $10.000 but cant imagine that it will happen. But then again, as it was $200 I was not able to imagine $1.000... Lets see what will happen. I changed 60% of my FIAT to BTC.
I know, but it's hard to get figures on that
I'm the only one that put $1500-$5000 so far... I even think at prices higher than that, it is going to tough to have significant buy support on the exchanges. Obviously most people will be buying fractions of bitcoins at those prices (especially at prices higher than that). The average person would not even have enough disposable money to buy 1 btc...
there's over 7 billion people in the world, and 21 million bitcoins.
If every person in the world wanted bitcoins, the average amount of bitcoins per person would be less then 0.003, that is, in 2140 when there are actual 21 million bitcoins (assuming none or lost)
so if the price per bitcoin is even $5000 then 0.003 bitcoin would be $15, so on average every person would have $15 worth of bitcoin.
This seems really insignificant to me, therefore i think bitcoin would be worth MUCH more, assuming bitcoin will be used by a majority of people.
If you think many people are too poor to even have $15 or have internet, consider that over 6 billion people own a cellphone (source: http://www.wolframalpha.com/input/?i=number+of+cellphone+users) and facebook has 1 billion users.
Therefore, it would not be outrageous to expect at the very least a billion bitcoin users in the not-so-distant future. (say, 2017-2018 or so).
Let's assume by end 2018 there will be 1 billion bitcoin users each having about $250 worth of bitcoins on average(note, this does not mean they actually bought $250 worth of bitcoin, they could have been early adoptors), there are about 17 million bitcoins by then. So 0.017 bitcoin would be worth at least $250 so 1 bitcoin would be at least $14700
This could easily get very big.
I have to think that a lot of people losing money in the stock market may be unable or unwilling to get into BTC now and in the near future. They've lost their shirts and will have to adjust before embracing a risky thing like BTC. Ultimately BTC will prevail, but there could be a slowing of new money into the economy for a bit while people recover their ground. They will see the value of BTC all the more through their fiat-based losses, but they may not be able to spend any money at all for a while.
I'm the only one that put $1500-$5000 so far... I even think at prices higher than that, it is going to tough to have significant buy support on the exchanges. Obviously most people will be buying fractions of bitcoins at those prices (especially at prices higher than that). The average person would not even have enough disposable money to buy 1 btc...
there's over 7 billion people in the world, and 21 million bitcoins.
If every person in the world wanted bitcoins, the average amount of bitcoins per person would be less then 0.003, that is, in 2140 when there are actual 21 million bitcoins (assuming none or lost)
so if the price per bitcoin is even $5000 then 0.003 bitcoin would be $15, so on average every person would have $15 worth of bitcoin.
This seems really insignificant to me, therefore i think bitcoin would be worth MUCH more, assuming bitcoin will be used by a majority of people.
If you think many people are too poor to even have $15 or have internet, consider that over 6 billion people own a cellphone (source: http://www.wolframalpha.com/input/?i=number+of+cellphone+users) and facebook has 1 billion users.
Therefore, it would not be outrageous to expect at the very least a billion bitcoin users in the not-so-distant future. (say, 2017-2018 or so).
Let's assume by end 2018 there will be 1 billion bitcoin users each having about $250 worth of bitcoins on average(note, this does not mean they actually bought $250 worth of bitcoin, they could have been early adoptors), there are about 17 million bitcoins by then. So 0.017 bitcoin would be worth at least $250 so 1 bitcoin would be at least $14700
This could easily get very big.
If you look closely the graph portion of the "future" bitcoin price shows that there is some time travel going on in the price. lol
If Bitcoin isn't crushed within 18 months, it will be meaningless to measure the price of 1 Bitcoin in worthless government paper.
This seems right.
I will stop worrying about BTC to dollar equivalents when I can get contractors working on my house to accept it and use it or something similar to sign the contract. At the current rate of adoption, that could happen in the next 18 months. If it doesn't, it's likely because something intervened to stop it from going mainstream. Then, we'll be stuck in the $1K-$5K (or lower) doldrums for the foreseeable future.
If Bitcoin isn't crushed within 18 months, it will be meaningless to measure the price of 1 Bitcoin in worthless government paper.
I'm the only one that put $1500-$5000 so far... I even think at prices higher than that, it is going to tough to have significant buy support on the exchanges. Obviously most people will be buying fractions of bitcoins at those prices (especially at prices higher than that). The average person would not even have enough disposable money to buy 1 btc...
Oh this psychological bullshit again. 1 BTC is just a random value, it means jackshit. Obviously with only 12.3 million BTC around and this much media attention one whole BTC will be expensive since there are millions of people interested in bitcoin. However, the most commonly used denomination can always be changed (mBTC, uBTC, satoshis, etc.). You can still store value or send/receive at mBTC level if you are living in a developing country.
Also, I think that a high price for 1 BTC gives it more respect and attracts curiosity. So, it will unlikely negatively affect bitcoin overall.
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