Wences Casares (XAPO CEO) - Million Dollar Bitcoin

FrostStick

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Quote from: talks_cheep on November 09, 2015, 10:56:29 PM

LOL

Million dollars, my arse.

Where do you find these guys? Bitcoin is struggling to hold $380, and these guys are talking about million dollars. Maybe in 200 years. Just lol.

This is just a short term price adjustment. When fiat is collapsing you'll find it amazing how little $1M is worth.

jehst

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21 million. I want them all.

Quote from: Elwar on November 12, 2015, 12:59:00 PM

Quote from: jehst on November 12, 2015, 12:35:39 PM

Assume we're going to be at 1 million in 30 years from now. $1,000,000 - $330 = $999,670.

$999,670/30 years = $33,322 per year.

We need to go up an average of $33,322 per year starting THIS YEAR to get to one million per bitcoin in 30 years from now.

So does he think we'll go sideways for a bunch of years and then jump from $330 to $200,000 in one year? Because if not, we need to start moving NOW.

If it doubles every year (as it has easily done in the past) for the next 12 years we are over $1 million.

Can you imagine $660/BTC next year?

Usually things grow faster in the beginning than they do when they mature. I won't expect bitcoin to double from $500,000 to 1 million in one year just like I don't expect AAPL to grow 100% next year.

If bitcoin makes it to 1 million, it would be more likely to happen with more of the growth in the beginning followed by growth tapering off when bitcoin is mature.

That means yearly movements like $330 to $3,300 in the beginning. And then maybe yearly movements like $530,000 to $689,000 towards the end.

shamati

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He is right . In future we will see big price increase to make $1M coin.

Have to believe in optimist Grin

European Central Bank

legendary

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To get to that price with somewhere near present buying power it would have to be the most desirable and useful thing in history. It might be possible but money is the most conservative and emotive thing of all to most people. Attitudes would have to change massively and very quickly when I think they're like supertankers. They take decades or generations to change course. I'm open to being surprised all the same.

Elwar

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Viva Ut Vivas

Quote from: jehst on November 12, 2015, 12:35:39 PM

Assume we're going to be at 1 million in 30 years from now. $1,000,000 - $330 = $999,670.

$999,670/30 years = $33,322 per year.

We need to go up an average of $33,322 per year starting THIS YEAR to get to one million per bitcoin in 30 years from now.

So does he think we'll go sideways for a bunch of years and then jump from $330 to $200,000 in one year? Because if not, we need to start moving NOW.

If it doubles every year (as it has easily done in the past) for the next 12 years we are over $1 million.

Can you imagine $660/BTC next year?

Denker

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Quote from: jehst on November 12, 2015, 12:35:39 PM

Assume we're going to be at 1 million in 30 years from now. $1,000,000 - $330 = $999,670.

$999,670/30 years = $33,322 per year.

We need to go up an average of $33,322 per year starting THIS YEAR to get to one million per bitcoin in 30 years from now.

So does he think we'll go sideways for a bunch of years and then jump from $330 to $200,000 in one year? Because if not, we need to start moving NOW.

Who speaks about a time period of 30 years? Wences never made any predictions how long it will take to reach that value as far as I know. Maybe it takes way longer than that.This is not the point. The point is that Bitcoin has enormous potential to grow. And if you buy today for 300 bucks and in 10 years 1BTC would be worth 50k or 100k this is a crazy amount of profit you would have made.
It's about the huge potential which are guys like Trace Mayer, Wences Casares, Roger Ver and a few others are talking about.

jehst

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Activity: 798

Merit: 1000

21 million. I want them all.

Assume we're going to be at 1 million in 30 years from now. $1,000,000 - $330 = $999,670.

$999,670/30 years = $33,322 per year.

We need to go up an average of $33,322 per year starting THIS YEAR to get to one million per bitcoin in 30 years from now.

So does he think we'll go sideways for a bunch of years and then jump from $330 to $200,000 in one year? Because if not, we need to start moving NOW.

Cconvert2G36

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Activity: 392

Merit: 250

Quote from: talks_cheep on November 11, 2015, 09:44:39 PM

"we are not really struggling for 380, this is a price consolidation after a good pump, we can return to 1200 in no time"

LOL LOL LOL

"Price consolidation" my arse.

"We can return to 1200 in NO TIME" [emphasis is mine] LOL MY ARSE.

Only the most insane members of the forum call it a PRICE CONSOLIDATION. They can't see the forest because of the trees.

We can't hold 320, yet these crazies are beating the drums by saying "we can return to 1200 in no time"!

LOL

No time, my arse.

Last time we saw 1200 was in late 2013. That's TWO years ago. Yeah, sure we will see 1200 in no time.

Just because we had a mini bubble from 250 to 504, these insane people are drumming it up for you to become a bag-hodler.

Crazy thing is there are so many gullible people in the world. How many of these idiots bought $500 bitcoins? People like amph sold their $0.001 bitcoins into the $500 market, reaped a sh*t ton of money and are still beating the drums for more profit. Just pure horse manure.

Thanks professor.

talks_cheep

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"we are not really struggling for 380, this is a price consolidation after a good pump, we can return to 1200 in no time"

LOL LOL LOL

"Price consolidation" my arse.

"We can return to 1200 in NO TIME" [emphasis is mine] LOL MY ARSE.

Only the most insane members of the forum call it a PRICE CONSOLIDATION. They can't see the forest because of the trees.

We can't hold 320, yet these crazies are beating the drums by saying "we can return to 1200 in no time"!

LOL

No time, my arse.

Last time we saw 1200 was in late 2013. That's TWO years ago. Yeah, sure we will see 1200 in no time.

Just because we had a mini bubble from 250 to 504, these insane people are drumming it up for you to become a bag-hodler.

Crazy thing is there are so many gullible people in the world. How many of these idiots bought $500 bitcoins? People like amph sold their $0.001 bitcoins into the $500 market, reaped a sh*t ton of money and are still beating the drums for more profit. Just pure horse manure.

yefi

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Quote from: talks_cheep on November 11, 2015, 07:58:46 PM

...the big guys will do whatever they can do to wrest the coins from us. And they will control the bitcoin, like they control the capital and markets. We will slave ourselves, just as we've always done.

You should become a motivational speaker. I feel my spirits in my shoes, lol.

talks_cheep

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Quote from: Amph on November 10, 2015, 04:42:35 AM

Quote from: talks_cheep on November 09, 2015, 10:56:29 PM

LOL

Million dollars, my arse.

Where do you find these guys? Bitcoin is struggling to hold $380, and these guys are talking about million dollars. Maybe in 200 years. Just lol.

it's all about the adoption, of the big guy first and the small fish after, if it happen 1M is not so dreaming, otherwise it will remain a dream

we are not really struggling for 380, this is a price consolidation after a good pump, we can return to 1200 in no time

Does anyone really think that if (and only if) the big guys buy up the bitcoins, they will leave anything left for us to pick up?

Adoption by the big guys is a bad news for the rest of us. If and when they come, we are screwed. It might raise the price in the short term, but the big guys will do whatever they can do to wrest the coins from us. And they will control the bitcoin, like they control the capital and markets. We will slave ourselves, just as we've always done.

dinofelis

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Quote from: talks_cheep on November 09, 2015, 10:56:29 PM

LOL

Million dollars, my arse.

Where do you find these guys? Bitcoin is struggling to hold $380, and these guys are talking about million dollars. Maybe in 200 years. Just lol.

I think your time frame is about correct. In order to reach 1 million dollars (of today), bitcoin needs to replace about half of all fiat M2 money in the whole world. (the current world amount of M2 money is $55 trillion) That will take a few generations at least.

The question is whether an old technology like bitcoin at that point (200 years old) will still be the dominant cryptocurrency.

If it is a "base currency" and there are more modern ones used for day to day use, then this diminishes the market share of bitcoin of course ; bitcoin could then more look like M0 money, which is 10 times less. So then the highest possible value for bitcoin would be something of a few $ 100 000,- of now.

Amph

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Quote from: talks_cheep on November 09, 2015, 10:56:29 PM

LOL

Million dollars, my arse.

Where do you find these guys? Bitcoin is struggling to hold $380, and these guys are talking about million dollars. Maybe in 200 years. Just lol.

it's all about the adoption, of the big guy first and the small fish after, if it happen 1M is not so dreaming, otherwise it will remain a dream

we are not really struggling for 380, this is a price consolidation after a good pump, we can return to 1200 in no time

w00t

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Activity: 188

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Quote from: Dafar on November 10, 2015, 12:37:18 AM

Quote from: talks_cheep on November 09, 2015, 10:56:29 PM

LOL

Million dollars, my arse.

Where do you find these guys? Bitcoin is struggling to hold $380, and these guys are talking about million dollars. Maybe in 200 years. Just lol.

lol.... i hope their timeframe isnt 200 years. But I don't see $1M happening in our lifetime

I'm not sure what is your life expectancy

, but it will either happen before 2025 or never:
https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Short_Term

I think at the moment there is 80 % chance we will get there by 2025 and about 20 % something goes very wrong and it will go to zero.

NorrisK

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Quote from: pereira4 on November 09, 2015, 01:05:17 PM

Wences is a future billonaire in the makings. He's offering a good service with Xapo, and he has the right mindset as a long term investor. Same goes for the Winklevii, with their Gemini service, and also long term holders that will not give in on the temptation to dump for the dollar when rallies occur. In 10 years those people will be big player in economy.

It is ofcourse a lot easier to be a long term holder if you are already loaded with money and you don't know what to do with it Wink

If the Winklevii had to take a loan to buy their stash of coins back in the day, they wouldn't have held the same amount of coins at this moment.

Dafar

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dafar consulting

Quote from: talks_cheep on November 09, 2015, 10:56:29 PM

LOL

Million dollars, my arse.

Where do you find these guys? Bitcoin is struggling to hold $380, and these guys are talking about million dollars. Maybe in 200 years. Just lol.

lol.... i hope their timeframe isnt 200 years. But I don't see $1M happening in our lifetime

gentlemand

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Welt Am Draht

There's definitely potential for massive upside. I don't buy the world domination or nothing line though. It can peacefully coexist with other systems and still be quietly huge.

talks_cheep

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LOL

Million dollars, my arse.

Where do you find these guys? Bitcoin is struggling to hold $380, and these guys are talking about million dollars. Maybe in 200 years. Just lol.

romjpn

full member

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Quote from: Denker on November 09, 2015, 02:13:25 PM

Wences is a smart guy and always like to watch his appearances. And he is not alone with his opinion that Bitcoin could reach a very high value in the future. Roger Ver, James D'Angelo, Trace Mayer and a few more are predicting the same if things work out fine.
So the future could indeed become really bright for long term focused hodlers!

You can add Tim Draper.

Denker

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Wences is a smart guy and always like to watch his appearances. And he is not alone with his opinion that Bitcoin could reach a very high value in the future. Roger Ver, James D'Angelo, Trace Mayer and a few more are predicting the same if things work out fine.
So the future could indeed become really bright for long term focused hodlers!

Topic: Wences Casares (XAPO CEO) - Million Dollar Bitcoin (Read 2086 times)