Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31476.

windjc

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Quote from: SheHadMANHands on November 29, 2013, 10:59:46 PM

Quote from: Franktank on November 29, 2013, 10:20:27 PM

Quote from: LightRider on November 29, 2013, 10:18:48 PM

How big can the precious numbers market possibly be?

Honest question: Is $10,000 possible in 2014?

Would it be overly optimistic to call 10k in 2014 (at least as probable)?

10k in 2014. Cheesy

Assuming we don't go to zero, of course..

A month ago I would have said 10k was an impossibility in 2014.

Since then we have grown 10 fold.

10k is only about an 8 fold increase from here.

2014 we will see the ETF. We will see hedge funds. We will see the first major retailerS.

I am starting to think 10k is a real possibility.

Of course, just as real a possibility could be numerous things that put us into a bear market. And a bear market would mean we might experience <50% growth instead of 800% in 2014.

But the social acceptance right now is pretty phenomenal and with companies like Circle.com coming out with their applications soon, its an exciting time.

ChartBuddy

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beetcoin

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Quote from: notme on November 29, 2013, 10:55:08 PM

Quote from: beetcoin on November 29, 2013, 10:50:25 PM

Quote from: justusranvier on November 29, 2013, 10:48:31 PM

Quote from: beetcoin on November 29, 2013, 10:46:00 PM

all we need is just for a major retailer to jump in the pool. that'll start the singularity of the next phase (whatever it is). most investments would be speculation, but it would at the same time make bitcoin a legitimate world currency.

What's going to happen is that first exporters are going to start insisting on payment in Bitcoin instead of Dollars.

Then the retailers will get onboard by necessity.

there is more reason, at least for me, to believe that bitcoin will be accepted by a major retailer.. we're already hearing tons of chatter about ebay/newegg/amazon/tigerdirect accepting BTC.

btw, what is the reason why exporters would want to transact with btc vs.the dollar? my angle with retailers, transactions would cost them significantly less than dealing with paypal/visa or whatever the establishment is. if the retailers could recoup 99% of their revenues vs. 98% (with the status quo 3rd parties).. it would be a huge paradigm shift since retailers make such small margins that 1% would be insane.

Do you think international money transfers and currency conversions are any cheaper than visa transactions?

good point, can't argue with that. i brought the point up to understand more about that position, not to confirm mine.

FNG

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Quote from: Franktank on November 29, 2013, 10:20:27 PM

Quote from: LightRider on November 29, 2013, 10:18:48 PM

How big can the precious numbers market possibly be?

Honest question: Is $10,000 possible in 2014?

It's possible in 2013

SheHadMANHands

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Quote from: Franktank on November 29, 2013, 10:20:27 PM

Quote from: LightRider on November 29, 2013, 10:18:48 PM

How big can the precious numbers market possibly be?

Honest question: Is $10,000 possible in 2014?

Would it be overly optimistic to call 10k in 2014 (at least as probable)?

10k in 2014. Cheesy

Assuming we don't go to zero, of course..

notme

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Quote from: beetcoin on November 29, 2013, 10:50:25 PM

Quote from: justusranvier on November 29, 2013, 10:48:31 PM

Quote from: beetcoin on November 29, 2013, 10:46:00 PM

all we need is just for a major retailer to jump in the pool. that'll start the singularity of the next phase (whatever it is). most investments would be speculation, but it would at the same time make bitcoin a legitimate world currency.

What's going to happen is that first exporters are going to start insisting on payment in Bitcoin instead of Dollars.

Then the retailers will get onboard by necessity.

there is more reason, at least for me, to believe that bitcoin will be accepted by a major retailer.. we're already hearing tons of chatter about ebay/newegg/amazon/tigerdirect accepting BTC.

btw, what is the reason why exporters would want to transact with btc vs.the dollar? my angle with retailers, transactions would cost them significantly less than dealing with paypal/visa or whatever the establishment is. if the retailers could recoup 99% of their revenues vs. 98% (with the status quo 3rd parties).. it would be a huge paradigm shift since retailers make such small margins that 1% would be insane.

Do you think international money transfers and currency conversions are any cheaper than visa transactions?

justusranvier

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Quote from: beetcoin on November 29, 2013, 10:50:25 PM

there is more reason, at least for me, to believe that bitcoin will be accepted by a major retailer.. we're already hearing tons of chatter about ebay/newegg/amazon/tigerdirect accepting BTC.

The company to watch is Wal Mart.

beetcoin

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Quote from: justusranvier on November 29, 2013, 10:48:31 PM

Quote from: beetcoin on November 29, 2013, 10:46:00 PM

all we need is just for a major retailer to jump in the pool. that'll start the singularity of the next phase (whatever it is). most investments would be speculation, but it would at the same time make bitcoin a legitimate world currency.

What's going to happen is that first exporters are going to start insisting on payment in Bitcoin instead of Dollars.

Then the retailers will get onboard by necessity.

there is more reason, at least for me, to believe that bitcoin will be accepted by a major retailer.. we're already hearing tons of chatter about ebay/newegg/amazon/tigerdirect accepting BTC.

btw, what is the reason why exporters would want to transact with btc vs.the dollar? my angle with retailers, transactions would cost them significantly less than dealing with paypal/visa or whatever the establishment is. if the retailers could recoup 99% of their revenues vs. 98% (with the status quo 3rd parties).. it would be a huge paradigm shift since retailers make such small margins that 1% would be insane.

justusranvier

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Quote from: beetcoin on November 29, 2013, 10:46:00 PM

all we need is just for a major retailer to jump in the pool. that'll start the singularity of the next phase (whatever it is). most investments would be speculation, but it would at the same time make bitcoin a legitimate world currency.

What's going to happen is that first exporters are going to start insisting on payment in Bitcoin instead of Dollars.

Then the retailers will get onboard by necessity.

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: crazy_rabbit on November 29, 2013, 10:43:36 PM

Quote from: Franktank on November 29, 2013, 10:20:27 PM

Quote from: LightRider on November 29, 2013, 10:18:48 PM

How big can the precious numbers market possibly be?

Honest question: Is $10,000 possible in 2014?

Who knows. I hope so, but that sort of increase in price isn't healthy if companies are developing things for bitcoin at the same pace. Speculation with no development of infrastructure isn't good for bitcoin.

all we need is just for a major retailer to jump in the pool. that'll start the singularity of the next phase (whatever it is). most investments would be speculation, but it would at the same time make bitcoin a legitimate world currency.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Franktank on November 29, 2013, 10:20:27 PM

Quote from: LightRider on November 29, 2013, 10:18:48 PM

How big can the precious numbers market possibly be?

Honest question: Is $10,000 possible in 2014?

Who knows. I hope so, but that sort of increase in price isn't healthy if companies are developing things for bitcoin at the same pace. Speculation with no development of infrastructure isn't good for bitcoin.

beetcoin

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i love being part of something that can be a possible historic paradigm shift in mankind. the making money part doesn't hurt too much either.

hlynur

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Quote from: dasein on November 29, 2013, 09:50:22 PM

Fully understanding the dynamics between the cryptocurrencies will likely require the development of a new form of economics.

tingly thought approach:
overall cryptocurrencies seem like a squid grabbing and absorbing fiat from all sides.
as soon as volatile altcoins crash or drive into bearphase its holders would either cash out in fiat or - more logically (once a coiner always a coiner

) change to bitcoin due to its grown stability and it could get the role similar to a gold standard.

i'm really waiting for the time until big companies start their own altcoins (which probably function more like ripple).
the potential consuming power will gradually become highly visible for many markets. (gaming industry, ecommerce etc.)
i suppose you can soon even interchange Bitcoin for AmazonCoin.

Nightowlace

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Quote from: Nightowlace on November 29, 2013, 10:27:56 PM

Bitcoin will be like McDonalds. There will be many competitors, all of them will have similar offerings and something different. Each will have it's own specialty. McDonalds will still be at the top and everything else will be just another fast food chain.

It's kind of like Budweiser. Probably the shittiest beer on earth, yet #1 beer sold.

chrsjrcj

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Quote from: Franktank on November 29, 2013, 10:20:27 PM

Quote from: LightRider on November 29, 2013, 10:18:48 PM

How big can the precious numbers market possibly be?

Honest question: Is $10,000 possible in 2014?

$100,000 is possible in 2014.

explorer

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Quote from: Franktank on November 29, 2013, 10:20:27 PM

Quote from: LightRider on November 29, 2013, 10:18:48 PM

How big can the precious numbers market possibly be?

Honest question: Is $10,000 possible in 2014?

8x increase on current valuation within 13 months? Having seen it in the last 13 or so days certainly makes you wonder. BTC in the evening news every day doesn't reduce exposure. ETF possible before then. VC going nuts. Hell, why not? Why not by mid summer? This is bitcoin after all Cheesy

Nightowlace

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Bitcoin will be like McDonalds. There will be many competitors, all of them will have similar offerings and something different. Each will have it's own specialty. McDonalds will still be at the top and everything else will be just another fast food chain.

Franktank

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Quote from: LightRider on November 29, 2013, 10:18:48 PM

How big can the precious numbers market possibly be?

Honest question: Is $10,000 possible in 2014?

LightRider

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I advocate the Zeitgeist Movement & Venus Project.

How big can the precious numbers market possibly be?

ChartBuddy

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