Topic: What happens when BTC is too expensive to buy? - page 2. (Read 3853 times)

Please, OP, I don't mean to be mean, but learn2math. Your question is retarded.
 
"Who would bother to buy only 0.2 bitcoin, and make only $20?"

The % return is all that matters in this consideration. If you put $20 into bitcoin, and BTC/USD goes up 10%, you've made $2. If you put $1000 into bitcoin and the exchange rate goes up 10%, you've made $100. Doesn't matter how many mega, whole, mini, milli, or microbitcoins you have except that this number is of course a function of the exchange rate. The only consideration is purely psychological. The actual investment scenario doesn't change.

So you could say "I feel that $2000/bitcoin is psychologically too high for most people, even though they'd be making the same % ROI whether they bought at $13/btc and saw a 1000% rise or bought at $130/BTC and saw a 1000% rise." (Hasn't happened yet but you get the point.)

OTOH, Berkshire Hathaway hasn't done any splits and it is $173,000/share. It likely won't be a problem.

What you're saying is kind of like  the opposite of taking a penny stock and saying a penny is way too cheap for it. You could combine 1000 penny stock shares so a share is $10.000 but does that make any difference to your ROI? It doesn't matter whether you have a "whole" or a "part."

Agree

Me must switch to mBTC or Satoshis ASAP. Humans are all about perception.

Almost every brand is more trust worthy than the Bitcoin community, given this very forum is really just a gathering place for scammers and hackers.  Is that a serious question?  

I don't know how long it will take for crypto to be accepted by the masses.  Could be a year, 5 years or more.  (More would obviously mean crypto is not going to be adopted and something better has been created)  I think you overestimate the value of the name and ultimately lack vision as to where crypto as a whole is going.  There will never be just one crypto currency.  To even suggest that, is beyond delusional.  You do have the right to have your delusions, so best of luck with that.  Either way, I appreciate Bitcoin for what it has shown us and the future will be better because of its contribution to finding better currencies and ways to transact with one another.

I find this whole discussion somewhat ridiculous.

Please tell us which entities have more respect and trust and bitcoin?

Listen, IMO, you underestimate how long it will take crypto to be realized accepted and understood by the world of human masses. By the time they do, bitcoin will be so far ahead as first adopter, with so much power and money behind, per integration, that other cryptos will be secondary.

Oh, but that won't happen because btc will be too expensive (ie popular)? Ok

I don't believe crypto will only be a speculative market.  Maybe you should control your butthurt and actually read what is being written.  It will be much more than speculative and Bitcoin will only be one brand out of thousands.  Yes, a brand needed to be established to turn people on to the tech but soon, that will matter less because their are certainly entities out there with more trust and honesty in their brand, than the "Bitcoin Community".  

I'll assume you agreed with the rest given you didnt address it and are really only concerned with that which makes you personally richer.  Which I'm totally fine with BTW.  Get it while you can.

Right. The founder of brightcove is ignorant and just looking to make a buck.

The major difference in opinion is that you believe that crypto will just be a speculative market. I believe it will be transacted as a major world currency one day. And brand recognition is VITAL in that scenario.

Good luck with Ripple though.

Alts are all based on the same blockchain.  Integration into existing infrastructure is easy.  And yes, with tech like Ripple and anything else smart enough to bypass the limited payment network of the blockchain, it will be a one stop shop.  But my points are not about Ripple.  It's about individual crypto. 

You can't compare crypto to stock as it relates to the masses utilizing it.  They don't care about that stuff.  They just want something simple and safe.  That does not include calculating fractions.  That might be, gee golly, really nerd cool for programmers but everyday people aren't having it because most people hate math and if it's confusing, we don't use.  Period.  I'm not saying it's going to happen tomorrow, what I'm saying is that an equalization is coming one day where crypto will be common place.  People will understand generally how and why crypto is safe as a store of value and there will be crypto for everything from casinos to grocery stores, to banks, you name.  Crypto will be everywhere.  There will never be ONE crypto that the world uses.  Sorry its a delusion, for those that believe that.  Crypto is brilliant tech, that soon will as common as pennies you find in the street.

They (VC's) are operating on ignorance and brand name recognition.  They're looking to make a buck. Simple as that. They don't care about Bitcoin. If Litecoin becomes the popular name, they'll ditch BTC in a hurry and go with the money. Plus, miners are going to mine whatever is profitable.  Mining BTC isn't going to remain profitable for anyone not already rich and owning massive farms of mining equipment.  Yet, the desire to "print money" will never die and this will allow ANY crypto to have plenty of computational power, security, etc.  

You can tell yourself whatever you want, crypto is not exclusive to Bitcoin.  It's just one brand name out of many to come, though I wish you success on convincing the masses to buy 0.0000001 Bitcoins, when they can just buy 1 of something equally as effective.

I'm not knocking Bitcoin, it is showing us the way.  I'm just not blinded into the "one world currency" thinking and we'll just fraction out Bitcoin to infinity when new crypto is a whole lot easier to deal with.    

I agree with Coinseeker. The higher the price of Bitcoin, the more people will look for alternatives. I wouldn't have a problem switching to something really better. You can not make a better gold, it is unique, but you can make a better crypto. I am sure these high prices and popularity of Bitcoin are really good incentives for people to improve the crypto tech. The infrastructure will naturally follow.

Coinseeker is a Ripple fanboy. And his comments are typical of Ripple fanboys.

As far as your OP, btc exchanges need to switch to mBTC at some point. It will probably be later than it should because their are a lot of techie purists that will slow that decision down.

Agree with immediately above.

Your post (Coinseeker) ignores the fact that entire infrastructures are being built around Bitcion.  Not alt currencies.

If you believe that all that infrastructure is easily reusable with other cryptocurrencies, then your point may be right, but I have a feeling a lot of it is custom to Bitcoin.

As it stands though, its going to be several years in my opinion before other crypto's are entertained.  Bitcoin needs to establish itself first.

Anyways I am still not 100% clear on why the buying spree (and therefore price increases) will continue once a bitcoin gets high enough.  

Its value must somehow be affected by its "use" as a medium of exchange eventually because right now its value is being pushed only by buying and selling.  And that isn't going to last.

I suppose it was a bad example to compare to Google stock because you can't buy partial stocks like you can buy a partial bitcoin. 

OP, you're right on point with your thinking.  I agree, people will not buy fractions of Bitcoins in mass and yes, there is likely a cap on the price of Bitcoins or any crypto.  However, the "gold rush" mentality will still live on and that's when people will look to alt-currencies.  What's the "next big money maker?"  99% of people purchasing crypto are doing so for pure speculation, not for actual use.  It's about "getting rich", not changing the world.  

Now, as more people get more educated about what crypto is and assuming they want to actually use it to transact, they will realize there is no reason to pay a premium for a brand name like "Bitcoin", because it offers no advantages over the next crypto or even an exact copy of Bitcoin.  (It is open source after all)  Crypto will likely reach an equalization point where it won't matter that there are only 21 million Bitcoins because the only thing that matters, is its ability to store value.  That can be accomplished with any crypto.  Bitcoin isn't special, it's just first.  So why deal in fractions of crypto when you can deal in whole numbers of another, equally effective crypto?  Not to mention, Bitcoin doesn't scale so there is obviously going to be a limit to what's realistic.  Notice I said realistic, not delusional.  

What I say is, get rich while people are still ignorant.  Because the time will come when crypto is as common as fiat and equally as inexpensive to own and utilize as a store of value.  Maybe Bitcoin will retain some collectors item appeal for being the first big crypto, but likely not more than that because, there is just no point to stick with one, super expensive crypto when they all do the same thing and some can and will do it better than Bitcoin. 

Too rich for my blood. I deal with satoshis.

Return on Investment is based on a percentage, so if you buy 0.01 BTC and you make 20% on your investment...well you made 20%...

JUST like the guy who bought 1000 BTC...

Percentage wise both accounts are equal.

Cheers,

1 mBTC only costs 27 cents.

They are cheap.

$264. nice try

I want to buy 1/21,000,000 of the new global internnet economy. How much do I pay?