$1,000 per ฿1.0 in 20 years 
With Bernanke's printing press, I'd say within two years.
Topic: PREDICT BIT COIN VALUE. - page 2. (Read 1778 times)
With Bernanke's printing press, I'd say within two years.
$1,000 per ฿1.0 in 20 years
The price will likely increase with an increase in the difficulty to mine. Bitcoin has been constantly deflating as a result of the difficulty. Two bitcoins in todays market would've been like 20000 at one time.
Let me rephrase that for you:
"The the difficulty to mine will likely increase after an increase in price. Bitcoin has been constantly deflating as a result of something that has nothing to do with the difficulty."
The Bitcointalk mantra on the appreciation question just has to be:
Remember the 10k pizzas.
(Links to laszlo's 10k-pizza thread are shared often!)
Remember the 10k pizzas.
(Links to laszlo's 10k-pizza thread are shared often!)
The price will likely increase with an increase in the difficulty to mine. Bitcoin has been constantly deflating as a result of the difficulty. Two bitcoins in todays market would've been like 20000 at one time.
I'm predicting I have no idea... 
Seriously though, I saw a cool quote today on a coffee shop's sandwich board which could apply as a relevant comment in this case perhaps.
"The best way to predict the future is to create it."
I just bought my first BTCs today so naturally I'm hopeful they will increase in purchasing power going forward.
Cheers!
Seriously though, I saw a cool quote today on a coffee shop's sandwich board which could apply as a relevant comment in this case perhaps.
"The best way to predict the future is to create it."
I just bought my first BTCs today so naturally I'm hopeful they will increase in purchasing power going forward.
Cheers!
if a person could predict bitcoin value, that person would be really really rich, not possible thou.
In the long run, alot of people will get rich if bitcoin becomes successfull.
Im always wondering how many BTC the richest 100 Bitcoin holders (persons) have.
If bitcoin will be worth 1000x more than now, there will be many millionaires, but will there be billionaires?
if a person could predict bitcoin value, that person would be really really rich, not possible thou.
Psychology is a much better predictor than mathematics as far as the bitcoin market is concerned. Recent rise was due to peoples perception of the impending drop in reward. Currently we are in a correction which will likely bottom around the high eights. If bitcoin adoption continues then we will see growth again after the new year.
(Note, I am often wrong)
(Note, I am often wrong)
If you believe in the future bitcoins,you also have to believe that their value will have to eventually sky rocket by several orders of magnitude.
This wont happen any time soon. Especialy since 78% of BTC is not in the circulation - pepole who have those coins may "choke" the exchange rate for many years. But I think that reward drop will cause slight increase in value during next months - since inflation will be drastically reduced, there will be some pressure for rises.
If you believe in the future bitcoins,you also have to believe that their value will have to eventually sky rocket by several orders of magnitude.
Well, it probably will have a bit of incerase since the cost to mine new Bitcoins increase, but things aren't simple math, so no, it will not double.
If the price doubles, it isn't because of the halving of the blocks value.
Best Regards,
DarkHyudrA
If the price doubles, it isn't because of the halving of the blocks value.
Best Regards,
DarkHyudrA
It may increase or decrease, but this will not be a result of the block reward changing.
Fundamentally, the reason for this is that the block reward change is predictable (we already know it is going to happen). Suppose that the effect of the block reward halving was that the price would double. Then people would buy bitcoins now in anticipation of this - and as a result the price would go up, until it reached double the price now, before the block reward halves. But of course, we've known this would happen since the start of Bitcoin, so in fact no such sudden change could ever occur as a result of this predictable event. Any changes in the value of the Bitcoin must result from events that are unpredictable by at least some part of the market.
Fundamentally, the reason for this is that the block reward change is predictable (we already know it is going to happen). Suppose that the effect of the block reward halving was that the price would double. Then people would buy bitcoins now in anticipation of this - and as a result the price would go up, until it reached double the price now, before the block reward halves. But of course, we've known this would happen since the start of Bitcoin, so in fact no such sudden change could ever occur as a result of this predictable event. Any changes in the value of the Bitcoin must result from events that are unpredictable by at least some part of the market.
everybody,
how do u predict the exchange rate for BITCOIN after btc/block goes to 25.
will it double or gradually doubles or remain same or reduce etc?
i wish every one to share your knowledge .[ it is interesting if some one validate his/her claim with some mathematics ]
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