My cost of mining for the next few years will be around $3.9 / BTC.
Someone is delusional.
Topic: What is your outlook (price target) for bitcoin in the next 2 years ? - page 2. (Read 3308 times)
February 08, 2013, 04:55:45 PM
Someone is delusional.
February 08, 2013, 04:46:18 PM
I definitely do not understand your logic - are you saying that I should not mine because I do not know what I am doing? Hey, there are thousands of miners who mine without knowing what they are doing, but that doe snot stop them.
If you were right, and only the ones in the know continue mining, the Bitcoin would shrink to a very small network, and the price of BTC would go back to where it was in January 2011.
Nah, on a second thought, I will continue mining, I will take my chances...
And don't patronise me, when it comes to Bitcoin, I am comfortable with the knowledge I have (and maintain), I have been mining and speculating for almost two years now, following my instincts, I do not remember when the last time I've made a wrong decision.
If you were right, and only the ones in the know continue mining, the Bitcoin would shrink to a very small network, and the price of BTC would go back to where it was in January 2011.
Nah, on a second thought, I will continue mining, I will take my chances...
And don't patronise me, when it comes to Bitcoin, I am comfortable with the knowledge I have (and maintain), I have been mining and speculating for almost two years now, following my instincts, I do not remember when the last time I've made a wrong decision.
February 08, 2013, 03:05:38 AM
Let's be realistic. No market allows hyper-profiting.
When I get my ASIC mining hardware, well, mining, and the price of Bitcoin remains at its current level, I will be hyper-profiting. So, I know that the market will correct itself, sooner or later. Then I will keep making reasonable, high(is) profits for the foreseeable future. And that at the current norms is not more than 100%.
My cost of mining for the next few years will be around $3.9 / BTC.
Therefore I will be disappointed if the BTC drops below $7, but I don't believe it is sustainable to have it at the current $21. So, what is the hsitoric YOY growth, 30%?, 50%?, then it will be reasonable to expect it to hover (with slight upwards trend) around $15 in 2 years.
That's my thumb's suck.
But then again, the professional speculators can make and break any market, Bitcoin including - and that will make the BTC anyone's guess!
When I get my ASIC mining hardware, well, mining, and the price of Bitcoin remains at its current level, I will be hyper-profiting. So, I know that the market will correct itself, sooner or later. Then I will keep making reasonable, high(is) profits for the foreseeable future. And that at the current norms is not more than 100%.
My cost of mining for the next few years will be around $3.9 / BTC.
Therefore I will be disappointed if the BTC drops below $7, but I don't believe it is sustainable to have it at the current $21. So, what is the hsitoric YOY growth, 30%?, 50%?, then it will be reasonable to expect it to hover (with slight upwards trend) around $15 in 2 years.
That's my thumb's suck.
But then again, the professional speculators can make and break any market, Bitcoin including - and that will make the BTC anyone's guess!
if you really think the value of bitcoin is to any extent determined by the cost of mining, then you shouldnt be mining because you have no idea what you are doing.
February 07, 2013, 08:25:18 AM
Let's be realistic. No market allows hyper-profiting.
When I get my ASIC mining hardware, well, mining, and the price of Bitcoin remains at its current level, I will be hyper-profiting. So, I know that the market will correct itself, sooner or later. Then I will keep making reasonable, high(is) profits for the foreseeable future. And that at the current norms is not more than 100%.
My cost of mining for the next few years will be around $3.9 / BTC.
Therefore I will be disappointed if the BTC drops below $7, but I don't believe it is sustainable to have it at the current $21. So, what is the hsitoric YOY growth, 30%?, 50%?, then it will be reasonable to expect it to hover (with slight upwards trend) around $15 in 2 years.
That's my thumb's suck.
But then again, the professional speculators can make and break any market, Bitcoin including - and that will make the BTC anyone's guess!
When I get my ASIC mining hardware, well, mining, and the price of Bitcoin remains at its current level, I will be hyper-profiting. So, I know that the market will correct itself, sooner or later. Then I will keep making reasonable, high(is) profits for the foreseeable future. And that at the current norms is not more than 100%.
My cost of mining for the next few years will be around $3.9 / BTC.
Therefore I will be disappointed if the BTC drops below $7, but I don't believe it is sustainable to have it at the current $21. So, what is the hsitoric YOY growth, 30%?, 50%?, then it will be reasonable to expect it to hover (with slight upwards trend) around $15 in 2 years.
That's my thumb's suck.
But then again, the professional speculators can make and break any market, Bitcoin including - and that will make the BTC anyone's guess!
Ever thought that maybe the price won't drop but you'll have more mining competition?
LOL
February 07, 2013, 08:22:23 AM
Let's be realistic. No market allows hyper-profiting.
When I get my ASIC mining hardware, well, mining, and the price of Bitcoin remains at its current level, I will be hyper-profiting. So, I know that the market will correct itself, sooner or later. Then I will keep making reasonable, high(is) profits for the foreseeable future. And that at the current norms is not more than 100%.
My cost of mining for the next few years will be around $3.9 / BTC.
Therefore I will be disappointed if the BTC drops below $7, but I don't believe it is sustainable to have it at the current $21. So, what is the hsitoric YOY growth, 30%?, 50%?, then it will be reasonable to expect it to hover (with slight upwards trend) around $15 in 2 years.
That's my thumb's suck.
But then again, the professional speculators can make and break any market, Bitcoin including - and that will make the BTC anyone's guess!
When I get my ASIC mining hardware, well, mining, and the price of Bitcoin remains at its current level, I will be hyper-profiting. So, I know that the market will correct itself, sooner or later. Then I will keep making reasonable, high(is) profits for the foreseeable future. And that at the current norms is not more than 100%.
My cost of mining for the next few years will be around $3.9 / BTC.
Therefore I will be disappointed if the BTC drops below $7, but I don't believe it is sustainable to have it at the current $21. So, what is the hsitoric YOY growth, 30%?, 50%?, then it will be reasonable to expect it to hover (with slight upwards trend) around $15 in 2 years.
That's my thumb's suck.
But then again, the professional speculators can make and break any market, Bitcoin including - and that will make the BTC anyone's guess!
Ever thought that maybe the price won't drop but you'll have more mining competition?
February 07, 2013, 08:15:43 AM
Let's be realistic. No market allows hyper-profiting.
When I get my ASIC mining hardware, well, mining, and the price of Bitcoin remains at its current level, I will be hyper-profiting. So, I know that the market will correct itself, sooner or later. Then I will keep making reasonable, high(is) profits for the foreseeable future. And that at the current norms is not more than 100%.
My cost of mining for the next few years will be around $3.9 / BTC.
Therefore I will be disappointed if the BTC drops below $7, but I don't believe it is sustainable to have it at the current $21. So, what is the hsitoric YOY growth, 30%?, 50%?, then it will be reasonable to expect it to hover (with slight upwards trend) around $15 in 2 years.
That's my thumb's suck.
But then again, the professional speculators can make and break any market, Bitcoin including - and that will make the BTC anyone's guess!
When I get my ASIC mining hardware, well, mining, and the price of Bitcoin remains at its current level, I will be hyper-profiting. So, I know that the market will correct itself, sooner or later. Then I will keep making reasonable, high(is) profits for the foreseeable future. And that at the current norms is not more than 100%.
My cost of mining for the next few years will be around $3.9 / BTC.
Therefore I will be disappointed if the BTC drops below $7, but I don't believe it is sustainable to have it at the current $21. So, what is the hsitoric YOY growth, 30%?, 50%?, then it will be reasonable to expect it to hover (with slight upwards trend) around $15 in 2 years.
That's my thumb's suck.
But then again, the professional speculators can make and break any market, Bitcoin including - and that will make the BTC anyone's guess!
February 07, 2013, 07:22:41 AM
you have to divide the entire monetary wealth of the entire globe and divide it by the number of bitcoins
WTF?You say within the next 2years everything on this planet is bought and sold with bitcoins only,
not sure if serious..
id say to make things fair the number of bitcoins will have to be increased at some stage though original stakeholders would be expected
to benefit most from the new issues
..ok, not serious, just trolling. to benefit most from the new issues
I have no idea but I'd like to see it bottom out less than 10 at some point this year when I have plenty of cash on hand to make an immediate purchase.
Haha, yeah right, that's what you wish, to get rich quick.Good luck with that.
February 07, 2013, 07:05:27 AM
I don't know what the market would bear, but I would like it to be between 100-400. I could really use the increase in small increase in funds, I have assets I need to purchase and then I would be able to buy even more btc!
I have no idea but I'd like to see it bottom out less than 10 at some point this year when I have plenty of cash on hand to make an immediate purchase.
I missed out last time around, I'm ready this time.
February 07, 2013, 02:31:47 AM
I don't know what the market would bear, but I would like it to be between 100-400. I could really use the increase in small increase in funds, I have assets I need to purchase and then I would be able to buy even more btc!
February 04, 2013, 04:08:09 PM
more than 10000
February 04, 2013, 08:13:54 AM
under 10 or between 1000 and 10000.
February 04, 2013, 07:59:52 AM
id say to make things fair the number of bitcoins will have to be increased at some stage though original stakeholders would be expected
Please take your 'fairness' argument somewhere else. The world isn't fair nor is bitcoin, nor SHOULD it be in any nominal sense.
With regard to the original question - I believe we'll see a relatively large correction to single digits in the short/medium term. Two years from now I'd say between $25-40 is most likely.
February 04, 2013, 02:49:53 AM
you have to divide the entire monetary wealth of the entire globe and divide it by the number of bitcoins
id say to make things fair the number of bitcoins will have to be increased at some stage though original stakeholders would be expected
to benefit most from the new issues
id say to make things fair the number of bitcoins will have to be increased at some stage though original stakeholders would be expected
to benefit most from the new issues
February 03, 2013, 06:07:27 PM
Pulling a number out of my ... I would say ~100 
February 03, 2013, 09:58:13 AM
Hi,
What is your outlook (price target) for bitcoin in the next 2 years ? (in USD/BTC)
Please vote and argue your case.
With the risk of introducing bias, here is my vote/argument: I believe bitcoin will be worth between 50 and 100 in the next two years. A total market cap of about 200 mio USD today for a technology like bitcoin seems small. I think a total market cap of 1 billion within 2 years is realistic, which would lead to a price between 50 and 100. A market cap of 1 billion would be achieved when 1 million users each hold about 1000 USD worth of bitcoin. Main drivers:
1) regulation (government ban or not ?)
2) ability to scale (how many users/transactions can the network handle?)
3) the rise of other, better crypto-currencies
4) acceptance by businesses (will there be many "Wordpresses" in the next two years ? will Google/Amazon/Facebook/Apple on day accept them ?)
Most interested to see your votes and hear your thoughts.
What is your outlook (price target) for bitcoin in the next 2 years ? (in USD/BTC)
Please vote and argue your case.
With the risk of introducing bias, here is my vote/argument: I believe bitcoin will be worth between 50 and 100 in the next two years. A total market cap of about 200 mio USD today for a technology like bitcoin seems small. I think a total market cap of 1 billion within 2 years is realistic, which would lead to a price between 50 and 100. A market cap of 1 billion would be achieved when 1 million users each hold about 1000 USD worth of bitcoin. Main drivers:
1) regulation (government ban or not ?)
2) ability to scale (how many users/transactions can the network handle?)
3) the rise of other, better crypto-currencies
4) acceptance by businesses (will there be many "Wordpresses" in the next two years ? will Google/Amazon/Facebook/Apple on day accept them ?)
Most interested to see your votes and hear your thoughts.
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