Topic: [prediction] Next spike $560,000 14 {&lt;-oops!} months from now (2017 Update!) - page 10. (Read 71521 times)

Quote from: Natalia_AnatolioPAMM on June 20, 2015, 02:41:22 PM

The bitcoin network can handle 2 transactions per second. It couldn't function as the currency of Jamaica.

Learn and you can use safetly.

Dilla

hero member

Activity: 588

Merit: 500

5 months to go? That's an increase of $2.50/min. Starting now.

THIS IS BITCOIN LETS MAKE IT HAPPEN.

Well, one could wish right? Grin

edgar

legendary

Activity: 1848

Merit: 1001

Quote from: ammy009 on June 19, 2015, 03:01:18 AM

I'll be happy if it hits $17000 Shocked

who will be not?

the rodents who already have so much, that their joy comes from seeing others lose & suffer.

techgeek

hero member

Activity: 826

Merit: 1000

Then again, we pass something maybe this coin will do a mt.gox moment for a split sec.

If the twins pass that etf now, which I have hopes for since I can see they did the exchange why not lol.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

You don't actually need a trillion dollars to have a trillion dollar marketcap for bitcoin. That's what people are not getting.

Let's say 4 million coins are already lost, and another 10 million coins are in the hands of hodlers that won't sell until bitcoin is 10mill each. Okay, the numbers are obviously exaggerated, but it's to show a point.

Currently there are 14,289,199 BTC bitcoins, taking away 14 million of them, we have 289,199 left in circulation. If 2,891,990,000 (so about 3 billion) dollars went into bitcoin the currency, what would happen? Well, since there are only 289,199 of them, so they're worth 10,000 each.

What happens to bitcoin's market cap? Well, 10k * 14 mil = 142,891,990,000, or about 143 billion dollars market cap. If 28.9 billion dollars went into bitcoin the currency, the market cap would be 1.4 trillion.

So you don't need to have a trillion dollars disappear from elsewhere. a good part of the market cap is "created from thin air".

Natalia_AnatolioPAMM

full member

Activity: 280

Merit: 100

Quote from: MataKhobRazi on June 22, 2015, 02:00:52 PM

Quote from: Amph on June 22, 2015, 02:12:10 PM

For ten or twenty million bitcoins to become worth hundreds of thousands of dollars each, trillions of dollars would have to go *poof*. Which means the world economy would have to go *poof*.
Does this make sense to anybody here? You don't go from a few billion to trillions like walking across the room. It's more like having a hurricane blow the roof off and getting sucked up into the sky. But people are talking about it as if it were a routine matter that fits into present thinking. It's a fantasy.

Nothing has to go poof for bitcoin to get to $1 trillion (10^12) as all wealth was ~223 trillion is 2012 and probably at least 30% higher now.
So, the question is: to get to $1 tril (or ~$50k/btc) can bitcoin gather 0.5% of all wealth or 15% of wealth currently in gold?
Maybe.

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

It took some decades for the dollar to be a global currency used by all the world. Why bitcoin wouldn't be able to go faster than the dollar when we know all the advantages of bitcoin. Bitcoin is made to be the currency of the world.

The bitcoin network can handle 2 transactions per second. It couldn't function as the currency of Jamaica.

that's the reason to develop!

ejinte

hero member

Activity: 644

Merit: 500

Quote from: MataKhobRazi on June 22, 2015, 02:00:52 PM

Quote from: gentlemand on June 22, 2015, 02:04:36 PM

For ten or twenty million bitcoins to become worth hundreds of thousands of dollars each, trillions of dollars would have to go *poof*. Which means the world economy would have to go *poof*.
Does this make sense to anybody here? You don't go from a few billion to trillions like walking across the room. It's more like having a hurricane blow the roof off and getting sucked up into the sky. But people are talking about it as if it were a routine matter that fits into present thinking. It's a fantasy.

Nothing has to go poof for bitcoin to get to $1 trillion (10^12) as all wealth was ~223 trillion is 2012 and probably at least 30% higher now.
So, the question is: to get to $1 tril (or ~$50k/btc) can bitcoin gather 0.5% of all wealth or 15% of wealth currently in gold?
Maybe.

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

It took some decades for the dollar to be a global currency used by all the world. Why bitcoin wouldn't be able to go faster than the dollar when we know all the advantages of bitcoin. Bitcoin is made to be the currency of the world.

The bitcoin network can handle 2 transactions per second. It couldn't function as the currency of Jamaica.

the changes are coming, and if really bitcoin will move faster than gold, then in another 4 years(which mean 32 MB limit for TX, based on the new plan of Gavin) bitcoin should achieve what it was aiming since its launch

i expect a good rise, at max around 2024, when miners activity will not count anymore as a form of dumping

32MB blocks would mean that the blockchain increased with almost 5GB per day, to be that doesn't seem sustainable.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

It must have been far, far more of all wealth once a upon a time. I think BTC will be a top down deal. Regular folk may not be all that aware of what's going on around them behind the scenes as it creeps into the cracks.

It may well reach higher values purely on its utility, though obviously not the bonkers numbers people often throw around. That whole side of things is really only just beginning to be explored.

Sure, gold was probably was worth upwards of 10% of all wealth when there was no paper money and all the major empires were using precious metals as money.

I agree that bitcoin's not going to have much mainstream consumer adoption any time soon. We're still in the realm of niches.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: MataKhobRazi on June 22, 2015, 02:00:52 PM

For ten or twenty million bitcoins to become worth hundreds of thousands of dollars each, trillions of dollars would have to go *poof*. Which means the world economy would have to go *poof*.
Does this make sense to anybody here? You don't go from a few billion to trillions like walking across the room. It's more like having a hurricane blow the roof off and getting sucked up into the sky. But people are talking about it as if it were a routine matter that fits into present thinking. It's a fantasy.

Nothing has to go poof for bitcoin to get to $1 trillion (10^12) as all wealth was ~223 trillion is 2012 and probably at least 30% higher now.
So, the question is: to get to $1 tril (or ~$50k/btc) can bitcoin gather 0.5% of all wealth or 15% of wealth currently in gold?
Maybe.

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

It took some decades for the dollar to be a global currency used by all the world. Why bitcoin wouldn't be able to go faster than the dollar when we know all the advantages of bitcoin. Bitcoin is made to be the currency of the world.

The bitcoin network can handle 2 transactions per second. It couldn't function as the currency of Jamaica.

did you see google fiber (1gbit/sec) in then top-notch 28K modem of just 20 years ago?
things change (X40000 in example above).

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: MataKhobRazi on June 22, 2015, 02:00:52 PM

For ten or twenty million bitcoins to become worth hundreds of thousands of dollars each, trillions of dollars would have to go *poof*. Which means the world economy would have to go *poof*.
Does this make sense to anybody here? You don't go from a few billion to trillions like walking across the room. It's more like having a hurricane blow the roof off and getting sucked up into the sky. But people are talking about it as if it were a routine matter that fits into present thinking. It's a fantasy.

Nothing has to go poof for bitcoin to get to $1 trillion (10^12) as all wealth was ~223 trillion is 2012 and probably at least 30% higher now.
So, the question is: to get to $1 tril (or ~$50k/btc) can bitcoin gather 0.5% of all wealth or 15% of wealth currently in gold?
Maybe.

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

It took some decades for the dollar to be a global currency used by all the world. Why bitcoin wouldn't be able to go faster than the dollar when we know all the advantages of bitcoin. Bitcoin is made to be the currency of the world.

The bitcoin network can handle 2 transactions per second. It couldn't function as the currency of Jamaica.

the changes are coming, and if really bitcoin will move faster than gold, then in another 4 years(which mean 32 MB limit for TX, based on the new plan of Gavin) bitcoin should achieve what it was aiming since its launch

i expect a good rise, at max around 2024, when miners activity will not count anymore as a form of dumping

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: MataKhobRazi on June 22, 2015, 02:00:52 PM

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

It must have been far, far more of all wealth once a upon a time. I think BTC will be a top down deal. Regular folk may not be all that aware of what's going on around them behind the scenes as it creeps into the cracks.

It may well reach higher values purely on its utility, though obviously not the bonkers numbers people often throw around. That whole side of things is really only just beginning to be explored.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

For ten or twenty million bitcoins to become worth hundreds of thousands of dollars each, trillions of dollars would have to go *poof*. Which means the world economy would have to go *poof*.
Does this make sense to anybody here? You don't go from a few billion to trillions like walking across the room. It's more like having a hurricane blow the roof off and getting sucked up into the sky. But people are talking about it as if it were a routine matter that fits into present thinking. It's a fantasy.

Nothing has to go poof for bitcoin to get to $1 trillion (10^12) as all wealth was ~223 trillion is 2012 and probably at least 30% higher now.
So, the question is: to get to $1 tril (or ~$50k/btc) can bitcoin gather 0.5% of all wealth or 15% of wealth currently in gold?
Maybe.

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

It took some decades for the dollar to be a global currency used by all the world. Why bitcoin wouldn't be able to go faster than the dollar when we know all the advantages of bitcoin. Bitcoin is made to be the currency of the world.

The bitcoin network can handle 2 transactions per second. It couldn't function as the currency of Jamaica.

MataKhobRazi

hero member

Activity: 876

Merit: 568

( ͡⊙ ͜ʖ ͡⊙)

For ten or twenty million bitcoins to become worth hundreds of thousands of dollars each, trillions of dollars would have to go *poof*. Which means the world economy would have to go *poof*.
Does this make sense to anybody here? You don't go from a few billion to trillions like walking across the room. It's more like having a hurricane blow the roof off and getting sucked up into the sky. But people are talking about it as if it were a routine matter that fits into present thinking. It's a fantasy.

Nothing has to go poof for bitcoin to get to $1 trillion (10^12) as all wealth was ~223 trillion is 2012 and probably at least 30% higher now.
So, the question is: to get to $1 tril (or ~$50k/btc) can bitcoin gather 0.5% of all wealth or 15% of wealth currently in gold?
Maybe.

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

It took some decades for the dollar to be a global currency used by all the world. Why bitcoin wouldn't be able to go faster than the dollar when we know all the advantages of bitcoin. Bitcoin is made to be the currency of the world.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

For ten or twenty million bitcoins to become worth hundreds of thousands of dollars each, trillions of dollars would have to go *poof*. Which means the world economy would have to go *poof*.
Does this make sense to anybody here? You don't go from a few billion to trillions like walking across the room. It's more like having a hurricane blow the roof off and getting sucked up into the sky. But people are talking about it as if it were a routine matter that fits into present thinking. It's a fantasy.

Nothing has to go poof for bitcoin to get to $1 trillion (10^12) as all wealth was ~223 trillion is 2012 and probably at least 30% higher now.
So, the question is: to get to $1 tril (or ~$50k/btc) can bitcoin gather 0.5% of all wealth or 15% of wealth currently in gold?
Maybe.

How many years did it take gold to get the the point where it was 0.5% of all wealth? To build all of its deep, deep cultural capital in both the West and the East?

Biodom

legendary

Activity: 3892

Merit: 4331

For ten or twenty million bitcoins to become worth hundreds of thousands of dollars each, trillions of dollars would have to go *poof*. Which means the world economy would have to go *poof*.
Does this make sense to anybody here? You don't go from a few billion to trillions like walking across the room. It's more like having a hurricane blow the roof off and getting sucked up into the sky. But people are talking about it as if it were a routine matter that fits into present thinking. It's a fantasy.

Nothing has to go poof for bitcoin to get to $1 trillion (10^12) as all wealth was ~223 trillion is 2012 and probably at least 30% higher now.
So, the question is: to get to $1 tril (or ~$50k/btc) can bitcoin gather 0.5% of all wealth or 15% of wealth currently in gold?
Maybe.

ssmc2

legendary

Activity: 2002

Merit: 1040