Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31620. (Read 26731003 times)
November 29, 2013, 11:28:13 PM
Get ready ladies... Gox is about to take off.
November 29, 2013, 11:13:54 PM
How big can the precious numbers market possibly be?
Honest question: Is $10,000 possible in 2014?
We'll see a max of $2.5K/BTC in 2013. Any higher and even the old blokes around here will start getting worried...
After 6x in November, slowing to 2x in December would be a breather. Its true that infrastructure (exchanges, notably) needs badly to be ramped up to accommodate even current interest. I expect the exponential growth has triggered a similar growth in development, but it will take a few days for them to catch up. Not sure the train is going to wait for them...
All that means is that by the time the new devs are ready, they will have ready made full market exposure. It hurts to think about. Your mind can only blow so many times, I suspect, so at some point you need to step back and just let it happen. The 'impossible' simply becomes possible. Over, and over again.
Hell, I can't even keep up with recalculating my retirement date. Not quite YET seems to be the only constant.
November 29, 2013, 11:09:51 PM
Fully understanding the dynamics between the cryptocurrencies will likely require the development of a new form of economics.
Maybe you can learn something at University of Nicosia (UNic). A master for digital currencies is to be introduced. November 29, 2013, 11:08:41 PM
100k is even possible given the exponential rate of growth that can happen... not saying that it will or won't happen, but such a small portion of the world has access to bitcoin.. there is such a huge market, and one major player making a move could be what does it. i would consider $1 million in 2014 extremely unlikely, but who knows?
November 29, 2013, 11:05:53 PM
How big can the precious numbers market possibly be?
Honest question: Is $10,000 possible in 2014?
We'll see a max of $2.5K/BTC in 2013. Any higher and even the old blokes around here will start getting worried...
November 29, 2013, 11:04:41 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.
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.
November 29, 2013, 11:03:09 PM
November 29, 2013, 11:01:48 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.
November 29, 2013, 11:00:17 PM
How big can the precious numbers market possibly be?
Honest question: Is $10,000 possible in 2014?
November 29, 2013, 10:59:46 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.
Assuming we don't go to zero, of course..
November 29, 2013, 10:55:08 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?
November 29, 2013, 10:51:43 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. November 29, 2013, 10:50:25 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.
November 29, 2013, 10:48:31 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.
November 29, 2013, 10:46:00 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.
November 29, 2013, 10:43:36 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.
November 29, 2013, 10:42:15 PM
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.
November 29, 2013, 10:39:24 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.
November 29, 2013, 10:29:18 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.
November 29, 2013, 10:28:20 PM
How big can the precious numbers market possibly be?
Honest question: Is $10,000 possible in 2014?
$100,000 is possible in 2014.
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