Topic: Roger Ver interview with a prediction: Up to 250K/BTC. (Read 3043 times)
He sold some fireworks on Ebay. Scary!!!
That guy has zero credibility. He's a convicted felon, too.
In the context of this, who gives a shit? It's just an idea of his which anyone is free to take or leave.
Here's Roger Ver saying everything is just fine at Mt. Gox.
That guy has zero credibility. He's a convicted felon, too.
That guy has zero credibility. He's a convicted felon, too.
At US $250K in today's dollars, say 5 years from now, the block reward will be BTC 6.25, i.e. over $1.5 million, every 10 minutes.
Assuming all miners together are willing to tolerate electricity costs of 50% of rewards, we will have:
Amount of reward = $1500k * 6 / hour = $9M/hour.
Electricity used = $4.5M/hour.
At a cost of $0.10/KWh, this translates to power draw of 45 MW. Neat!
$9M/hour, or $216M/day, or $79B/year is also the amount of net new demand (including miner retention willingness) required for price stability. Those are not bad numbers; the $79B/year maps to each human on the planet buying 10$ worth of extra bitcoin each year.
Assuming all miners together are willing to tolerate electricity costs of 50% of rewards, we will have:
Amount of reward = $1500k * 6 / hour = $9M/hour.
Electricity used = $4.5M/hour.
At a cost of $0.10/KWh, this translates to power draw of 45 MW. Neat!
$9M/hour, or $216M/day, or $79B/year is also the amount of net new demand (including miner retention willingness) required for price stability. Those are not bad numbers; the $79B/year maps to each human on the planet buying 10$ worth of extra bitcoin each year.
Good calculation. $79B/year is nothing compared to the new fiat money supply. The US debt is $18,000B, it will take 227 year supply of bitcoin if its price is $250k.
At US $250K in today's dollars, say 5 years from now, the block reward will be BTC 6.25, i.e. over $1.5 million, every 10 minutes.
Assuming all miners together are willing to tolerate electricity costs of 50% of rewards, we will have:
Amount of reward = $1500k * 6 / hour = $9M/hour.
Electricity used = $4.5M/hour.
At a cost of $0.10/KWh, this translates to power draw of 45 MW. Neat!
$9M/hour, or $216M/day, or $79B/year is also the amount of net new demand (including miner retention willingness) required for price stability. Those are not bad numbers; the $79B/year maps to each human on the planet buying 10$ worth of extra bitcoin each year.
Assuming all miners together are willing to tolerate electricity costs of 50% of rewards, we will have:
Amount of reward = $1500k * 6 / hour = $9M/hour.
Electricity used = $4.5M/hour.
At a cost of $0.10/KWh, this translates to power draw of 45 MW. Neat!
$9M/hour, or $216M/day, or $79B/year is also the amount of net new demand (including miner retention willingness) required for price stability. Those are not bad numbers; the $79B/year maps to each human on the planet buying 10$ worth of extra bitcoin each year.
After five more we'll probably be cyborgs incapable of feeling excitement. Hopefully there'll be a little hermit in a cave somewhere who can feel emotion on behalf of the whole human race.
people are excited about the next halfening - imagine after 5 more+
Bank of America Merrill Lynch published a bitcoin report, http://www.forbes.com/sites/kashmirhill/2013/12/05/bank-of-america-analysts-say-bitcoins-value-is-1300/
stating the value of bitcoin is $1300 then. There are a lot more development since 2013. So bitcoin could be worth lot more.
stating the value of bitcoin is $1300 then. There are a lot more development since 2013. So bitcoin could be worth lot more.
Fact of the matter is that he is a bitcoin investor, and i wouldn't call his claims or expectations entirely honest, but if we are talking about bitcoin's price in
years - then by all means it should be correct. I'm even expecting five digit prices before 2020. The important thing here is to look at the big picture, not month-to-month oscillations (unless you're a short term trader)
If he is an investor, you will complain because "he has an agenda", if he wasn't an investor, you would complain about how he doesn't put the money where his mouth is. Ultimately people will always complain.years - then by all means it should be correct. I'm even expecting five digit prices before 2020. The important thing here is to look at the big picture, not month-to-month oscillations (unless you're a short term trader)
Wences from Xapo said he believes in 500K-1Million per coin and I agree. Bitcoin marketcap is minuscule, look around. You aren't considering the potential for growth on this thing.
250k per BTC, yeaaaaah......well......I cannot accept this idea, it just seems to crazy to me.
Maybe $2.5k, in the next couple of years.
Maybe $2.5k, in the next couple of years.
2.5k per coin.... really?
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FQNzA9wo.png&t=557&c=T2LpQg0_COuE5Q
Look at how much things can change. 1 dollar seemed impossible in 2009, then 10, then 100, then 1000.. it all kept happening. It is meant to happen that we start obliterating past ATH's through time No one is ready for the real price of Bitcoin yet.
well, in the alternative universe Gil Amelio never invited Steve Jobs to return, his CTO adopted Windows NT (as she wanted to do) and Apple went close to bankruptcy before it was bought by HP for $1.5 bil in the "alternative" 1997.
250k per BTC, yeaaaaah......well......I cannot accept this idea, it just seems to crazy to me.
Maybe $2.5k, in the next couple of years.
Maybe $2.5k, in the next couple of years.
2.5k per coin.... really?
Look at how much things can change. 1 dollar seemed impossible in 2009, then 10, then 100, then 1000.. it all kept happening. It is meant to happen that we start obliterating past ATH's through time No one is ready for the real price of Bitcoin yet.
Absolutely this. With Bitcoin is all nothing. Satoshi knew it, thats why he said, if Bitcoin is still around in the future, it will either be worth nothing, or worth a lot. It doesn't take rocket science to realize this fact, thats why all those guys predicting low prices aren't looking far enough onto the future.
Most of the people predicting low prices aren't even looking at the present. The global tennis shoe industry is valued at $220 billion alone. If Bitcoin is as revolutionary as people insist it is there is no reason it shouldn't be able to at least compete with sneakers for attracting global investment.
$250k and $1 are both more realistic than, let's say, $10k.
Absolutely this. With Bitcoin is all nothing. Satoshi knew it, thats why he said, if Bitcoin is still around in the future, it will either be worth nothing, or worth a lot. It doesn't take rocket science to realize this fact, thats why all those guys predicting low prices aren't looking far enough onto the future. 
This is why i will always make surei keep at least 10-20 no matter what 
I think Roger Ver is right its possible, why not? Nobody controls it and it seems to go forward and up.
I think Roger Ver is right its possible, why not? Nobody controls it and it seems to go forward and up.
$250k may seem crazy but everything is possible in long range. But I mean REAL long range. Not like 5-10 years.
He probably tries to speculate more for rise.
He probably tries to speculate more for rise.
250k per BTC, yeaaaaah......well......I cannot accept this idea, it just seems to crazy to me.
Maybe $2.5k, in the next couple of years.
Maybe $2.5k, in the next couple of years.
R. Ver will sell most of his coins surely once Bitcoin is reaching the $5000-$10000 levels, and enjoy the rest of his life in Japan or wherever he plans to go to. Bitcoin at $250K is pure madness.
5 tril, yeah maybe a bit much during next few decades.
If price will simply follow halving and increase in proportion to that, then my calculations show $250K in ~39 years or 2054.
Of course, the price does not have to follow halving exactly and in proportion, but it was fun to calculate.
5 tril today != 5 tril in a decade. 250k is a lot closer than we expect if Bitcoin continues to succeed.
R. Ver will sell most of his coins surely once Bitcoin is reaching the $5000-$10000 levels, and enjoy the rest of his life in Japan or wherever he plans to go to. Bitcoin at $250K is pure madness.
5 tril, yeah maybe a bit much during next few decades.
If price will simply follow halving and increase in proportion to that, then my calculations show $250K in ~39 years or 2054.
Of course, the price does not have to follow halving exactly and in proportion, but it was fun to calculate.
The interviewer, the dollar vigilante, the Shemitah guy... how did that real estate venture end up working out?
I'd be surprised if Mr Ver ever wanted dirty dollarinis again considering how tireless he's been in pushing BTC forward. Also at that level the need to cash out for anything other than taxes would pretty much be gone.
I agree. Everybody is thinking of "when he will sell" but the guy isn't in for selling his stash in the future. He probably intend to use it to buy things and invest. And with a 250k bitcoin, it will be very easy to use it for anything in the future.
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