Topic: Someone please explain the speculation about bitcoin (People say 2-10k by 2015) (Read 3326 times)
January 22, 2014, 01:39:41 PM
$50,000 in 6 months in case of good news.
January 22, 2014, 01:17:49 PM
if 5% of gold tries to buy bitcoin, bitcoin will jump well over 32K each.
it may take some time for poeple to accept that fact, but it will happen, and way more than 5% of gold will be chasing bitcoin.
1,000,000$ bitcoins before 2020
it may take some time for poeple to accept that fact, but it will happen, and way more than 5% of gold will be chasing bitcoin.
1,000,000$ bitcoins before 2020
I am slowly transferring part of my savings to bitcoin. I will never go as far as Andreas Antonopoulous (he has 150% in bitcoin according to LA meetup youtube video).
I was thinking up to 10% for now, but could regret smaller allocation later on, I guess.
January 22, 2014, 12:24:47 PM
if 5% of gold tries to buy bitcoin, bitcoin will jump well over 32K each.
supply and demand.
bitcoin is far better then gold
it may take some time for poeple to accept that fact, but it will happen, and way more than 5% of gold will be chasing bitcoin.
and there is a lot more going for the bitcoin then pure speculative value, its money FFS!
1,000,000$ bitcoins before 2020
supply and demand.
bitcoin is far better then gold
it may take some time for poeple to accept that fact, but it will happen, and way more than 5% of gold will be chasing bitcoin.
and there is a lot more going for the bitcoin then pure speculative value, its money FFS!
1,000,000$ bitcoins before 2020
January 22, 2014, 11:57:21 AM
Re youtube video about a "vertical" phase. In my opinion we are already 10-11 mo into it (since Feb-march 2013), but it is far from over yet.
At 20K-50K per coin (~0.5-1trillion in marketcap=7-15% of gold) we will start transitioning into linear, but still growing phase with boring 10-20% a year.
At 20K-50K per coin (~0.5-1trillion in marketcap=7-15% of gold) we will start transitioning into linear, but still growing phase with boring 10-20% a year.
January 22, 2014, 07:55:47 AM
Because if Bitcoin is to be used on a global basis by even a small fraction of people the valuation must scale up massively. You can't do a large international transaction if that eats half its entire market cap.
Right now it's still a toy and a curio. I think it's traveled most of the way it can on pure speculation and private money. Now it has to find a use in the wider world.
If it does then 10k won't be anywhere near enough. If it doesn't then it'll remain flying around between a few maniacs who'll eventually lose interest.
Right now it's still a toy and a curio. I think it's traveled most of the way it can on pure speculation and private money. Now it has to find a use in the wider world.
If it does then 10k won't be anywhere near enough. If it doesn't then it'll remain flying around between a few maniacs who'll eventually lose interest.
January 22, 2014, 06:01:18 AM
gold rallied from $300 to $1900 over 11 years. pretty smooth too.
but we are in the Age of Internet.All the internet-companies rallied much,much quicker.and some failed quick.So I guessed the beginning of the vertical spring-mid 2014
January 22, 2014, 05:56:14 AM
That was the first Video i saw when I entered the BTC-World.
Fascinating and Sound
The only question is how high will the BTC-Price rise ?
The vertical will last only 1 year,utmost 2 years.
next step of BTC will be entering the vertical
I suppose mid 2014.or already spring 2014
gold rallied from $300 to $1900 over 11 years. pretty smooth too. 
Fascinating and Sound
The only question is how high will the BTC-Price rise ?
The vertical will last only 1 year,utmost 2 years.
next step of BTC will be entering the vertical
I suppose mid 2014.or already spring 2014
January 22, 2014, 05:44:08 AM
That was the first Video i saw when I entered the BTC-World.
Fascinating and Sound
The only question is how high will the BTC-Price rise ?
The vertical will last only 1 year,utmost 2 years.
next step of BTC will be entering the vertical
I suppose mid 2014.or already spring 2014
Fascinating and Sound
The only question is how high will the BTC-Price rise ?
The vertical will last only 1 year,utmost 2 years.
next step of BTC will be entering the vertical
I suppose mid 2014.or already spring 2014
January 21, 2014, 08:10:46 PM
Because you can buy drugs with BTC.
January 21, 2014, 07:56:07 PM
January 21, 2014, 07:55:25 PM
If you hadn't beat me to it, I would've posted the exact same link.
Great minds, etc.
January 21, 2014, 07:51:00 PM
January 21, 2014, 07:37:30 PM
Wow great advice guys. Appreciated
January 21, 2014, 02:39:22 AM
Seems like Dogecoin has just surpassed bitcoin in volume. Crazy times huh.
Litecoin constantly beats Bitcoin in volume (by a lot).
View volume in the amount of value exchanged (typically measured in dollars) and you will get a much different picture.
As assets go up in value, the volume measured in the amount of the asset exchanged typically goes down, but the volume measured in value exchanged goes up (or stays the same). In other words, 1000 bitcoins exchanged at a price of $1 each is the same value exchanged as 1 bitcoin at a price of $1000 each.
See google:
As the value of the asset increases, the volume (measured in the amount of the asset exchanged) drops. We no longer need to trade thousands of Bitcoins to equal a significant amount of value exchanged.
TL;DR: There is nothing crazy about an asset with low value seeing huge volumes compared to an asset with high value, as long as you are measuring volume in the amount of the asset exchanged.
I am talking about dollar value of market cap, not amounts of coins traded.
Not that coinmarketcap is fair or anything, but dogecoin is beating it out on 24h volume right now.
This kind of shows that cyrpto currencies are just a big gambling/speculation thing.
It also shows where future money will be going for the big profits, the boat has long passed for bitcoins.
All this talk about usefulness is really not that important. But I always knew that, I never cared about anything else really as USD does everything I want for a currency. However, you can't really speculate with it like bitcoins.
January 21, 2014, 01:46:29 AM
Seems like Dogecoin has just surpassed bitcoin in volume. Crazy times huh.
Litecoin constantly beats Bitcoin in volume (by a lot).
View volume in the amount of value exchanged (typically measured in dollars) and you will get a much different picture.
As assets go up in value, the volume measured in the amount of the asset exchanged typically goes down, but the volume measured in value exchanged goes up (or stays the same). In other words, 1000 bitcoins exchanged at a price of $1 each is the same value exchanged as 1 bitcoin at a price of $1000 each.
See google:
As the value of the asset increases, the volume (measured in the amount of the asset exchanged) drops. We no longer need to trade thousands of Bitcoins to equal a significant amount of value exchanged.
TL;DR: There is nothing crazy about an asset with low value seeing huge volumes compared to an asset with high value, as long as you are measuring volume in the amount of the asset exchanged.
January 21, 2014, 01:42:22 AM
Because you can use it to pay for online porn and gamboling anonymously, duh.
January 21, 2014, 01:41:17 AM
Seems like Dogecoin has just surpassed bitcoin in volume. Crazy times huh.
Litecoin constantly beats Bitcoin in volume (by a lot).
View volume in the amount of value exchanged (typically measured in dollars) and you will get a much different picture.
As assets go up in value, the volume measured in the amount of the asset exchanged typically goes down, but the volume measured in value exchanged goes up (or stays the same). In other words, 1000 bitcoins exchanged at a price of $1 each is the same value exchanged as 1 bitcoin at a price of $1000 each.
See google:
As the value of the asset increases, the volume (measured in the amount of the asset exchanged) drops. We no longer need to trade thousands of Bitcoins to equal a significant amount of value exchanged.
TL;DR: There is nothing crazy about an asset with low value seeing huge volumes compared to an asset with high value, as long as you are measuring volume in the amount of the asset exchanged.
January 21, 2014, 01:27:05 AM
Simple, growing market cap + limited supply = inevitable price rise
January 21, 2014, 01:18:37 AM
bitcoin has competitive advantages over:
Gold
Credit cards, PayPal and other payment processors
Wire xfers (ACH, SWIFT, Western Union, Moneygram, etc)
checking
savings accounts
cash
Bitcoin is increasing it's market share in all these industries.
can also be used for:
micropayments
timestamps
title conveyance
escrow
voting
will/trust distributions
software is being developed and deployed for all these uses.
Valuations are derived from expected future market share in these industries as well.
Gold
Credit cards, PayPal and other payment processors
Wire xfers (ACH, SWIFT, Western Union, Moneygram, etc)
checking
savings accounts
cash
Bitcoin is increasing it's market share in all these industries.
can also be used for:
micropayments
timestamps
title conveyance
escrow
voting
will/trust distributions
software is being developed and deployed for all these uses.
Valuations are derived from expected future market share in these industries as well.
January 21, 2014, 12:51:10 AM
Seems like Dogecoin has just surpassed bitcoin in volume. Crazy times huh.
I don't know if this is good or bad for bitcoin. I wish I bought those million doges for .1 bitcoins when it was first released.
I don't know if this is good or bad for bitcoin. I wish I bought those million doges for .1 bitcoins when it was first released.
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