What if we sit at $310-$340 for 2 more years? - page 2.

Alubert

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Quote from: asriloni on June 22, 2016, 02:20:07 AM

Quote from: bitcoinboy12 on June 21, 2016, 11:12:31 AM

Quote from: BitsandBites on June 21, 2016, 10:56:22 AM

Quote from: Koamder on May 30, 2016, 04:43:57 AM

Quote from: Victorycoin on May 29, 2016, 09:56:18 AM

The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age

That is right. As long as bitcoin becomes widely used, its price will rise eventually, in line with usage.

There is a small possibility that it can happen but the chance is small because you have to know that the price of Bitcoin is now still rising so that is nice.
But of course it is hard to know what will actually happen with the value of Bitcoin

Yep, you can say that it is directly equivalent. The more people who use this, the higher value it gets.

That has been proven in the history of bitcoin. When there are very few users, it was worth $0.01, it is $700 now.

The price dropped again to $550. I think the price could stay around the $550 to 700 level for a few more months.

asriloni

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Quote from: bitcoinboy12 on June 21, 2016, 11:12:31 AM

Quote from: BitsandBites on June 21, 2016, 10:56:22 AM

Quote from: Koamder on May 30, 2016, 04:43:57 AM

Quote from: Victorycoin on May 29, 2016, 09:56:18 AM

The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age

That is right. As long as bitcoin becomes widely used, its price will rise eventually, in line with usage.

There is a small possibility that it can happen but the chance is small because you have to know that the price of Bitcoin is now still rising so that is nice.
But of course it is hard to know what will actually happen with the value of Bitcoin

Yep, you can say that it is directly equivalent. The more people who use this, the higher value it gets.

That has been proven in the history of bitcoin. When there are very few users, it was worth $0.01, it is $700 now.

bitcoinboy12

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Quote from: BitsandBites on June 21, 2016, 10:56:22 AM

Quote from: Koamder on May 30, 2016, 04:43:57 AM

Quote from: Victorycoin on May 29, 2016, 09:56:18 AM

The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age

That is right. As long as bitcoin becomes widely used, its price will rise eventually, in line with usage.

There is a small possibility that it can happen but the chance is small because you have to know that the price of Bitcoin is now still rising so that is nice.
But of course it is hard to know what will actually happen with the value of Bitcoin

Yep, you can say that it is directly equivalent. The more people who use this, the higher value it gets.

BitsandBites

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Activity: 350

Merit: 250

Quote from: Koamder on May 30, 2016, 04:43:57 AM

Quote from: Victorycoin on May 29, 2016, 09:56:18 AM

The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age

That is right. As long as bitcoin becomes widely used, its price will rise eventually, in line with usage.

There is a small possibility that it can happen but the chance is small because you have to know that the price of Bitcoin is now still rising so that is nice.
But of course it is hard to know what will actually happen with the value of Bitcoin

escrowboy

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Activity: 154

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Quote from: Victorycoin on May 29, 2016, 09:56:18 AM

The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age

Eventhough we get reach the total market capacity of bitcoin, if the demand is still there it will still remain it's price. It's true that if the coins is still continue to circulate it will not die.

sishendaoye

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I think that if the price would be stable for so long I really have no other choice but to stop with Bitcoin or to take a break.
I think that I would take a break for that time and see how it is going to be after the break.

Koamder

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Quote from: Iceborn on June 16, 2016, 10:37:55 AM

If we sit at those prices for so long then I have just no choice but to wait for it to be over. You can see it as taking a break from Bitcoin ( a long break) but it will not hurt me that much.

I think the price will be around $1000 to $3000 in the next two years. The below $1000 price will be history then.

Iceborn

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Activity: 266

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If we sit at those prices for so long then I have just no choice but to wait for it to be over. You can see it as taking a break from Bitcoin ( a long break) but it will not hurt me that much.

Koamder

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Quote from: Sandroxa on June 13, 2016, 11:10:24 AM

As you know you can see now that the value is already higher now and that is really nice for people who already have Bitcoin and it is also going to be more worth so that is nice.
But nobody will ever know of course what is going to happen but the halving is also coming towards to us.

I think the recent price rise is caused by the block reward halving. The next rise will be due to mass adoption.

Sandroxa

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As you know you can see now that the value is already higher now and that is really nice for people who already have Bitcoin and it is also going to be more worth so that is nice.
But nobody will ever know of course what is going to happen but the halving is also coming towards to us.

Vikingr

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Quote from: randy8777 on May 29, 2016, 09:37:38 AM

Quote from: InvoKing on May 29, 2016, 08:56:56 AM

Quote from: Kaller on May 29, 2016, 05:12:20 AM

The bitcoin price is over $500 now. I do not think the price will be around $310 to $340 for any time.

Well everything is possible with the volatility of bitcoin but that's true ~$300 seems to be hard to get it back for now

i am always prepared for the price to crash down as hard as it went up last days, but at this point all eyes are pointed at reaching $600 due to the quick price increase.

and that value has been achieved, now the price is around $682, and we will sit at the value of more than $1000 for the next 2 years.

Kaller

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Quote from: Koamder on June 13, 2016, 07:09:44 AM

Quote from: HilbillyFred on June 11, 2016, 01:16:13 PM

Quote from: Bitcoinbro on June 09, 2016, 10:26:27 AM

I think that if that happened that I would just wait it out and take a two year brake. There is now reason for me to stop after those two years I am just going to get back and go on Bitcoin.

Some miners will probably stop their operations for a short time, until the price goes up to such a level where they can make a profit again. That's the worst case scenario.
Glad it won't happen. We will definitely see the price go up much higher than current price level. It's the natural law of supply and demand. It will go up.

If the price rises to $900 after the halving, and the difficulty does not rise, most of the existing miners will be profitable.

It means most miners will not shutdown their miner, the difficulty will not drop and transaction time will be similar.

Koamder

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Quote from: HilbillyFred on June 11, 2016, 01:16:13 PM

Quote from: Bitcoinbro on June 09, 2016, 10:26:27 AM

I think that if that happened that I would just wait it out and take a two year brake. There is now reason for me to stop after those two years I am just going to get back and go on Bitcoin.

Some miners will probably stop their operations for a short time, until the price goes up to such a level where they can make a profit again. That's the worst case scenario.
Glad it won't happen. We will definitely see the price go up much higher than current price level. It's the natural law of supply and demand. It will go up.

If the price rises to $900 after the halving, and the difficulty does not rise, most of the existing miners will be profitable.

HilbillyFred

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Quote from: Bitcoinbro on June 09, 2016, 10:26:27 AM

I think that if that happened that I would just wait it out and take a two year brake. There is now reason for me to stop after those two years I am just going to get back and go on Bitcoin.

Some miners will probably stop their operations for a short time, until the price goes up to such a level where they can make a profit again. That's the worst case scenario.
Glad it won't happen. We will definitely see the price go up much higher than current price level. It's the natural law of supply and demand. It will go up.

BillyBobZorton

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That is what happens when you become an impatient pessimists, you make threads like this that get proven in a year, sometimes less than that, just months after.

Bitcoin always goes up.

Bitcoinbro

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I think that if that happened that I would just wait it out and take a two year brake. There is now reason for me to stop after those two years I am just going to get back and go on Bitcoin.

AsaroUk

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Activity: 364

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If that is going to happen then I have no choice but to take a break from Bitcoin because at that moment you cannot make any money with it. After those 2 years I might come back.

asriloni

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Quote from: Koamder on May 30, 2016, 04:43:57 AM

Quote from: Victorycoin on May 29, 2016, 09:56:18 AM

The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age

That is right. As long as bitcoin becomes widely used, its price will rise eventually, in line with usage.

6 years ago, when there was little usage of the bitcoin, the price was below $0.01 each. Now its price is over $500 due to the usage.

Koamder

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Activity: 238

Merit: 100

Quote from: Victorycoin on May 29, 2016, 09:56:18 AM

The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age

That is right. As long as bitcoin becomes widely used, its price will rise eventually, in line with usage.

Victorycoin

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Activity: 1134

Merit: 517

The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age

Topic: What if we sit at $310-$340 for 2 more years? - page 2. (Read 15542 times)