Author

Topic: The Stable Long Term BTC Price. (Read 2111 times)

legendary
Activity: 2268
Merit: 1278
November 27, 2013, 08:46:36 AM
#16
The BTC/FIAT will never be stable because paper money is always extremely volatile purely because central banks have the ability to print it from thin air, if you want stability trade in cryptocurrency, gold or silver.

But the big currencies don't print from thin air and are stable because they are regulated by central banks. Except for Zimbabwean dollars your argument doesn't fly. 
Where do you think inflation comes from? It's a direct result of more money being printed every single day.

300k or higher. It will stabilize many years after it starts being commonly used.
member
Activity: 68
Merit: 10
November 27, 2013, 08:30:24 AM
#15
Do you realllllllllly think the price of bitcoin will go up to 7 million? it's only 960 dollars, or £597 at the moment.

OR have I misunderstood something?
apologies in advance if I have.

yes, yes I do



+1
legendary
Activity: 1540
Merit: 1000
November 27, 2013, 07:18:36 AM
#14
The BTC/FIAT will never be stable because paper money is always extremely volatile purely because central banks have the ability to print it from thin air, if you want stability trade in cryptocurrency, gold or silver.

But the big currencies don't print from thin air and are stable because they are regulated by central banks. Except for Zimbabwean dollars your argument doesn't fly. 

lol 'regulated' by central banks Cheesy
member
Activity: 70
Merit: 10
November 27, 2013, 07:00:42 AM
#13
The BTC/FIAT will never be stable because paper money is always extremely volatile purely because central banks have the ability to print it from thin air, if you want stability trade in cryptocurrency, gold or silver.

But the big currencies don't print from thin air and are stable because they are regulated by central banks. Except for Zimbabwean dollars your argument doesn't fly. 
legendary
Activity: 1540
Merit: 1000
November 27, 2013, 06:45:11 AM
#12
The BTC/FIAT will never be stable because paper money is always extremely volatile purely because central banks have the ability to print it from thin air, if you want stability trade in cryptocurrency, gold or silver.
member
Activity: 70
Merit: 10
November 27, 2013, 04:35:25 AM
#11
Nobody can underline it's position with arguments, and the one person who does supports it with a graph on consumer electronics? Come on guys, nobody knows and will know untill we are there. $7000000 is completely random and you know it.
hero member
Activity: 784
Merit: 502
November 27, 2013, 03:00:41 AM
#10
Something you need to consider is the "use" of bitcoin. As a retail purchasing product, I don't see it getting that high.


You have a point. But I see BTC's two big use are in online purchases, where confirmation time is not such as issue and in international trade where exchange rate fluctations are removed. For these two alone BTC should go to the moon. $1k is cheap right now
hero member
Activity: 588
Merit: 500
November 26, 2013, 09:01:36 PM
#9
Something you need to consider is the "use" of bitcoin. As a retail purchasing product, I don't see it getting that high.

BUT

If security eventually gets locked down, and people scared of their country's own currency (greece, spain, new jersey), and they see bitcoin as an alternative holding product (like gold), then it could go really high. One scare in their country, and they don't care what the price of bitcoin is, they are going to convert as much money as they can into bitcoin.

Now that is a different story for bitcoin continuing to grow and grow.

: )

cj

The price of a whole bitcoin is irrelevant "as a retail purchasing product"....I would say that for most transactions it already is irrelevant...unless you are spending thousands on a product you are already dealing in Satoshi's.
 
By the time if/when it ever gets to the $1m level it will be regularly denoted in Satoshi's. A cup of coffee from Starbucks is 35 Satoshi's etc.

You will probably use them without knowing or realizing that you are buying and selling them on the fly as you need to.
You will just be using your debit/credit card as usual....in the background all the processing and conversions (if needed at that point) will be performed.

All online transactions will be done in XBT in the interest of security...and government taxation/tracking...once that happens they WILL be worth an enormous amount of money. How much is anyone's guess.
 









member
Activity: 98
Merit: 10
November 26, 2013, 08:43:36 PM
#8
Something you need to consider is the "use" of bitcoin. As a retail purchasing product, I don't see it getting that high.

BUT

If security eventually gets locked down, and people scared of their country's own currency (greece, spain, new jersey), and they see bitcoin as an alternative holding product (like gold), then it could go really high. One scare in their country, and they don't care what the price of bitcoin is, they are going to convert as much money as they can into bitcoin.

Now that is a different story for bitcoin continuing to grow and grow.

: )

cj
member
Activity: 75
Merit: 10
November 26, 2013, 07:31:59 PM
#7
WOW, absolultely wow, and lucky are those who have lots of btc. Smiley
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
November 26, 2013, 07:30:48 PM
#6
Do you realllllllllly think the price of bitcoin will go up to 7 million? it's only 960 dollars, or £597 at the moment.

OR have I misunderstood something?
apologies in advance if I have.

yes, yes I do

member
Activity: 75
Merit: 10
November 26, 2013, 07:27:57 PM
#5
Do you realllllllllly think the price of bitcoin will go up to 7 million? it's only 960 dollars, or £597 at the moment.

OR have I misunderstood something?
apologies in advance if I have.
member
Activity: 119
Merit: 10
November 26, 2013, 07:07:20 PM
#4
I would say at least 1,000,0000 usd  for that reason buying now BTC as the price now of 950 usd is very very cheap
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
November 26, 2013, 07:03:52 PM
#3
If it becomes the de-facto unit of international exchange, quite possible in my view, then a reasonable long term value is about 7,000,000 in today's dollars.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
November 26, 2013, 07:01:29 PM
#2
I'd say somewhere between $10,000 to $100,000. Probably closer to the former.
hero member
Activity: 784
Merit: 502
November 26, 2013, 06:42:18 PM
#1
OK, what is the long term stable price of BTC?

At some point the majority of those that are are going to be users of BTC will know about and use them. Adopters will have adopted, the masses will be informed and familiar, legislation will be in place and BTC will have matured. But what will be the BTC $ exchange rate?

I'm guessing $1000 is way too low, maybe in 5 years about $100,000 will be the norm.

Any ideas?
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