A price of let's say, even 10,000 will make the 1k BTC holder worth 100 million USD.
I like your math. 
Topic: Today BTC = $800, $9200 to go and why 10 BTC will never make you rich - page 5. (Read 8308 times)
January 31, 2014, 06:37:37 PM
January 31, 2014, 06:19:43 PM
I might be thick, but I don't understand this bet.
Surely the smart thing would be to just vote No and then you still get 1.5x your investment back. If it does reach 10k then you are happy anyway cos the coins you are hodling are now worth a fortune. Seems like a win/win scenario or I missing something?
January 27, 2014, 12:05:13 PM
Some of you hodlers make bitcoin look like a ponzi scheme. Tone it down.
Yeah! Don't get excited about a technology you think might have the potential to change the world. Go sit quietly in a corner by yourself and reflect on this until you can learn to be a zombie like everyone else.
Edit: Especially on a forum dedicated to discussion of said technology!
January 27, 2014, 12:03:28 PM
That's hardly a buzz, and even if it was, "oh there's only 21 billion" would also be a buzz
millions sounds rare and exclusive hence why it incentives people to hoard so much.. billions or trillions on the other hand start to sound more Zimbabwean.
lol dogecoin
because electricity is important ... I bought a billion tesla bank note to print in it my Bitcoin Armory offline wallet bak
January 27, 2014, 12:03:04 PM
That's hardly a buzz, and even if it was, "oh there's only 21 billion" would also be a buzz
millions sounds rare and exclusive hence why it incentives people to hoard so much.. billions or trillions on the other hand start to sound more Zimbabwean.
SO you agree that it's all psychological.
January 27, 2014, 11:59:55 AM
lol dogecoin
Yeah, Doge is the Zimbabwean dollar of cryptos.
But apparently this has positive affects on trade volumes.
January 27, 2014, 11:57:10 AM
That's hardly a buzz, and even if it was, "oh there's only 21 billion" would also be a buzz
millions sounds rare and exclusive hence why it incentives people to hoard so much.. billions or trillions on the other hand start to sound more Zimbabwean.
lol dogecoin
January 27, 2014, 11:55:15 AM
That's hardly a buzz, and even if it was, "oh there's only 21 billion" would also be a buzz
millions sounds rare and exclusive hence why it incentives people to hoard so much.. billions or trillions on the other hand start to sound more Zimbabwean.
January 27, 2014, 11:53:39 AM
bitcooin itself is already valued at $100k
its just the network and infastructure that isnt there to support it
also, probably 99% of people who heard about bitcoin doesnt realize this fact
its just the network and infastructure that isnt there to support it
also, probably 99% of people who heard about bitcoin doesnt realize this fact
January 27, 2014, 11:52:36 AM
This is just psychological. Think of it this way. 1 BTC was arbitrarily set to equal 100,000,000 satoshis which currently is about US$ 800. What if tomorrow, a change is done to the core and the decimal point shifts 3 places so that the "new bitcoin" is 0.001 of the "old bitcoin" or US$ 0.800? So the new bitcoin would just need to reach US$ 300 per coin, instead of US$ 300,000 per coin of the old Bitcoin. Would that 1BTC = US$ 300 sound delusional to you now?
If decimals get shifted it loses its ''oh there's only 21 million'' buzz.
That's hardly a buzz, and even if it was, "oh there's only 21 billion" would also be a buzz
January 27, 2014, 11:49:06 AM
This is just psychological. Think of it this way. 1 BTC was arbitrarily set to equal 100,000,000 satoshis which currently is about US$ 800. What if tomorrow, a change is done to the core and the decimal point shifts 3 places so that the "new bitcoin" is 0.001 of the "old bitcoin" or US$ 0.800? So the new bitcoin would just need to reach US$ 300 per coin, instead of US$ 300,000 per coin of the old Bitcoin. Would that 1BTC = US$ 300 sound delusional to you now?
If decimals get shifted it loses its ''oh there's only 21 million'' buzz.
January 27, 2014, 11:48:07 AM
There are some cases of people that preach 100k USD for one BTC, and even 300k.
This is just psychological. Think of it this way. 1 BTC was arbitrarily set to equal 100,000,000 satoshis which currently is about US$ 800. What if tomorrow, a change is done to the core and the decimal point shifts 3 places so that the "new bitcoin" is 0.001 of the "old bitcoin" or US$ 0.800? So the new bitcoin would just need to reach US$ 300 per coin, instead of US$ 300,000 per coin of the old Bitcoin. Would that 1BTC = US$ 300 sound delusional to you now?
Holders of old BTC will still have a huge amount of fiat in that old BTC.
January 27, 2014, 11:46:23 AM
There are some cases of people that preach 100k USD for one BTC, and even 300k. I think it's just delusional.
This is just psychological. Think of it this way. 1 BTC was arbitrarily set to equal 100,000,000 satoshis which currently is about US$ 800. What if tomorrow, a change is done to the core and the decimal point shifts 3 places so that the "new bitcoin" is 0.001 of the "old bitcoin" or US$ 0.800? So the new bitcoin would just need to reach US$ 300 per coin, instead of US$ 300,000 per coin of the old Bitcoin. Would that 1BTC = US$ 300 sound delusional to you now?
January 27, 2014, 11:45:15 AM
January 27, 2014, 11:40:28 AM
just think about bitcoin atms and wait until they become popular: *cough* february, bitcoin atms in uk and czech republic, already existing in finland, canada,coming soon in lugano and zurigo *cough* 
January 27, 2014, 11:33:00 AM
That's only a question of Bitcoin going mainstream. And Bitcoin going mainstream is a question of easier ways to acquire it, use it and somewhat understand it for everyone. And don't say it's easy to understand.. People are not that smart in general
do people understand how fiat currency works? do people understand how the internet works? do people understand how iphones work? no. they just use it.
and it is becoming easier to acquire coins every single day.
January 27, 2014, 11:32:33 AM
And those current rich guys will be even richer.
When you learn how the world works, you'll figure out that this is the only thing that has been constant throughout the history of mankind.
PS Oh, and your math is off by a zero here and there, but I'm lazy to point it out, you don't have any sensible argument anyway.
January 27, 2014, 11:24:01 AM
That's only a question of Bitcoin going mainstream. And Bitcoin going mainstream is a question of easier ways to acquire it, use it and somewhat understand it for everyone. And don't say it's easy to understand.. People are not that smart in general
January 27, 2014, 10:31:15 AM
and don't forget too put on your math/calculus that many coins a lost forever every day ...
make the cult even more strong ...
http://www.youtube.com/watch?v=-6z9o2-b-wk
make the cult even more strong ...
http://www.youtube.com/watch?v=-6z9o2-b-wk
January 27, 2014, 10:22:50 AM
Your post suggests you are considering Bitcoin against the assumed stable and constant background of the USD economy. Most scenarios people suggest in which a bitcoin achieves a price north of 100`000 USD drop this assumption.
Some argue that a hyper-inflationary event will bring the purchasing power of 100`000 USD down to a level where a bitcoin having that value is more believable.
Some are more bold and suggest that Bitcoin could largely replace the USD in a number of areas, reducing the size of the USD economy significantly (here, a bitcoin could attain the same purchasing power of 100`000 USD today but this would not be wealth created by a more efficient payment system as much as wealth transferred from holders of USD).
Some argue that a hyper-inflationary event will bring the purchasing power of 100`000 USD down to a level where a bitcoin having that value is more believable.
Some are more bold and suggest that Bitcoin could largely replace the USD in a number of areas, reducing the size of the USD economy significantly (here, a bitcoin could attain the same purchasing power of 100`000 USD today but this would not be wealth created by a more efficient payment system as much as wealth transferred from holders of USD).
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