I am normally very Bullish:
$19.9998 would still be Ten Times the 2011/2012 post-'crash' low of $1.99998
Topic: What might the lowest possible price of Bitcoin be? - page 3. (Read 4997 times)
Everything happened past year is just a repeat of 2011 crash, just in a much larger scale. After the technology shift is over, there will be many wrong investment that barely can make any return, then many fiat money hunters will quit the game, left with bitcoin believers, and they will continuously expand their mining operation and took larger market share, or quietly buying coins one by one
With a technology shift, the coins will be concentrated to those who have invested in leading technologies, thus the rest of the people who want to get coin have no choice but to buy, thus push up the price dramatically. But this time when there is no large technology advance in horizon, the dramatic price swing might not happen again
With a technology shift, the coins will be concentrated to those who have invested in leading technologies, thus the rest of the people who want to get coin have no choice but to buy, thus push up the price dramatically. But this time when there is no large technology advance in horizon, the dramatic price swing might not happen again
i know the answer
after one month we will see dump to 207usd
then:
in next 3 months 184usd (4 months from now)
in next 6 months 138usd (10 months from now)
in next 9 months 92usd (19 months from now)
there we are, in the bottom, only way is up
after one month we will see dump to 207usd
then:
in next 3 months 184usd (4 months from now)
in next 6 months 138usd (10 months from now)
in next 9 months 92usd (19 months from now)
there we are, in the bottom, only way is up
despair can't last that long, a huge pump will occur before that
By the trend of it and support value on exchanges compared to six months ago like this it's heading down.
I don't know...what the article says also has a point. But what if the lowest price is basically the price where miners would break even when they sell their bitcoin. And I mean the most efficient low cost operation miner out there
...
At one point, those guys with lots of fiat money will act ...They know something big is going to happen, but they don't know how big or bad it will be, and when it really becomes big, it will be too late to join the game
At one point, those guys with lots of fiat money will act ...They know something big is going to happen, but they don't know how big or bad it will be, and when it really becomes big, it will be too late to join the game
If fiat is indeed collapsing, what in the world makes you think that these savvy investors will drop fiat & start buying up your
This article says enough with all the blind optimism, given current conditions what is the lowest possible price?
http://www.thegreenminute.org/bitcoin.html
http://www.thegreenminute.org/bitcoin.html
$0.00001
Because no matter what, at that price I buy :-) I'm willing to put $200,- on the table to buy up all the stash ;-)
So the price will never go below that.
But the article is not bad. They ALMOST discovered the monetary formula. Not completely. But almost
It won't go that low, remove 2 zeros, I'm putting 20K on the table
Actually this is not a good way to measure its value, value is a constant pulse that sends out from exchanges every minute. Even if I bought all the coins but there is no buyers on exchange, it will have zero value
A more practical measure is the daily net supply vs daily net fiat money inflow. Daily supply should be several thousand coins (see my signature), and daily fiat money inflow will just get bigger and bigger following more and more fiat money printing (daily fiat money creation is several billion dollar around the globe)
At one point, those guys with lots of fiat money will act, either by diversifying their investment portfolio or gambling on the uncertain future of bitcoin. Currently they are throwing those money into mining farms due to low cost, but soon the mining will be more expensive than buying
They know something big is going to happen, but they don't know how big or bad it will be, and when it really becomes big, it will be too late to join the game
This article says enough with all the blind optimism, given current conditions what is the lowest possible price?
http://www.thegreenminute.org/bitcoin.html
http://www.thegreenminute.org/bitcoin.html
$0.00001
Because no matter what, at that price I buy :-) I'm willing to put $200,- on the table to buy up all the stash ;-)
So the price will never go below that.
But the article is not bad. They ALMOST discovered the monetary formula. Not completely. But almost
It won't go that low, remove 2 zeros, I'm putting 20K on the table
Actually this is not a good way to measure its value, value is a constant pulse that sends out from exchanges every minute. Even if I bought all the coins but there is no buyers on exchange, it will have zero value
A more practical measure is the daily net supply vs daily net fiat money inflow. Daily supply should be several thousand coins (see my signature), and daily fiat money inflow will just get bigger and bigger following more and more fiat money printing (daily fiat money creation is several billion dollar around the globe)
At one point, those guys with lots of fiat money will act, either by diversifying their investment portfolio or gambling on the uncertain future of bitcoin. Currently they are throwing those money into mining farms due to low cost, but soon the mining will be more expensive than buying
They know something big is going to happen, but they don't know how big or bad it will be, and when it really becomes big, it will be too late to join the game
THe lowest price can be 0.00000001
Right now BTC is very unstable and the outlook isn't healty. There needs to be some new innovation.
Right now BTC is very unstable and the outlook isn't healty. There needs to be some new innovation.
i know the answer
after one month we will see dump to 207usd
then:
in next 3 months 184usd (4 months from now)
in next 6 months 138usd (10 months from now)
in next 9 months 92usd (19 months from now)
there we are, in the bottom, only way is up
after one month we will see dump to 207usd
then:
in next 3 months 184usd (4 months from now)
in next 6 months 138usd (10 months from now)
in next 9 months 92usd (19 months from now)
there we are, in the bottom, only way is up
100-200 range, can't get lower than that
what if it does? At 100$ the network is still insanely expensive to operate.
The lowest would probably be around $100. There are lots of people who know about BTC. There are many businesses that operate around it so I don't see it going much lower than that. If it does, you better believe that I'll be there buying them up.
I think it would be 100$ too . I am sure there would be very strong support at that amount.
100-200 range, can't get lower than that
The lowest would probably be around $100. There are lots of people who know about BTC. There are many businesses that operate around it so I don't see it going much lower than that. If it does, you better believe that I'll be there buying them up.
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the lowest possible price is always zero
Isn't that pretty much what the naysayers said about the Internet in the early days? And the automobile? And the telephone? And the computer?
Can you not see that Bitcoin is steadily evolving into something more useful than when it was first released? They're making progress on scalability. Computer power is increasing much faster than the economy. We're getting better hardware wallets all the time. And multi-signature. Is there some fatal flaw that I'm missing?
Altcoins are useful for testing new ideas. The best ideas will be adapted into Bitcoin, right?
Serious discussion please.
Can you not see that Bitcoin is steadily evolving into something more useful than when it was first released? They're making progress on scalability. Computer power is increasing much faster than the economy. We're getting better hardware wallets all the time. And multi-signature. Is there some fatal flaw that I'm missing?
Altcoins are useful for testing new ideas. The best ideas will be adapted into Bitcoin, right?
Serious discussion please.
If not they will be on Bitcoin sidechains if the Blockstream folks can get it working properly.
Under $10 is pretty much guaranteed within like a year time.
And no, there will be no recovery, bitcoin is outdated and shown to be ineffective technology.
And no, there will be no recovery, bitcoin is outdated and shown to be ineffective technology.
Just curious, not trying to start a war or anything, but if you think Bitcoin is a failure, why are you posting on the bitcointalk forum? If it were me, and I had decided something was useless, I would just move on and find a new interest. It's more fun to hang out with like-minded people!
The idea of bitcoin is good, the implementation is just horrible.
Take a look at NXT and see a bright future.
lol
I also laughed when I read it.
A bunch of aging devs who know a bit of Java programming out of their bedroom vs. Ripple Labs Incorporated (who focus as much on intergrating their system with other asset classes, legal obstacles, marketing, admin as they do on the tech). Here's a list of investors: https://www.ripplelabs.com/investors/
Isn't that pretty much what the naysayers said about the Internet in the early days? And the automobile? And the telephone? And the computer?
Can you not see that Bitcoin is steadily evolving into something more useful than when it was first released? They're making progress on scalability. Computer power is increasing much faster than the economy. We're getting better hardware wallets all the time. And multi-signature. Is there some fatal flaw that I'm missing?
Can you not see that Bitcoin is steadily evolving into something more useful than when it was first released? They're making progress on scalability. Computer power is increasing much faster than the economy. We're getting better hardware wallets all the time. And multi-signature. Is there some fatal flaw that I'm missing?
Yep. "Today the Bitcoin network is restricted to a sustained rate of 7 tps due to the bitcoin protocol restricting block sizes to 1MB."-- https://en.bitcoin.it/wiki/Scalability
Quote
Altcoins are useful for testing new ideas. The best ideas will be adapted into Bitcoin, right?
...
...
The block reward schedule, and the resultant 12% [current] yearly inflation rate is difficult to alter--impossible without a hardfork. A hardfork which must be agreed on by the majority of mining pools.
TL;DR: miners would have to agree to hash for fewer coins--ain't gonna happen.
Isn't that pretty much what the naysayers said about the Internet in the early days? And the automobile? And the telephone? And the computer?
Can you not see that Bitcoin is steadily evolving into something more useful than when it was first released? They're making progress on scalability. Computer power is increasing much faster than the economy. We're getting better hardware wallets all the time. And multi-signature. Is there some fatal flaw that I'm missing?
Altcoins are useful for testing new ideas. The best ideas will be adapted into Bitcoin, right?
Serious discussion please.
Can you not see that Bitcoin is steadily evolving into something more useful than when it was first released? They're making progress on scalability. Computer power is increasing much faster than the economy. We're getting better hardware wallets all the time. And multi-signature. Is there some fatal flaw that I'm missing?
Altcoins are useful for testing new ideas. The best ideas will be adapted into Bitcoin, right?
Serious discussion please.
Under $10 is pretty much guaranteed within like a year time.
And no, there will be no recovery, bitcoin is outdated and shown to be ineffective technology.
And no, there will be no recovery, bitcoin is outdated and shown to be ineffective technology.
Just curious, not trying to start a war or anything, but if you think Bitcoin is a failure, why are you posting on the bitcointalk forum? If it were me, and I had decided something was useless, I would just move on and find a new interest. It's more fun to hang out with like-minded people!
The idea of bitcoin is good, the implementation is just horrible.
Take a look at NXT and see a bright future.
lol
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