What might the lowest possible price of Bitcoin be? - page 4.

Eamorr

sr. member

Activity: 280

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Quote from: kwukduck on January 11, 2015, 07:46:45 AM

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And no, there will be no recovery, bitcoin is outdated and shown to be ineffective technology.

I agree. Though if you say it round these parts, you're a "troll".

Bitcoin is like a lovely old steam engine - great for nostaligsts and hobbyists. But you cannot transport the world's population now (or into the future) on steam.

Putting time and effort into hacking steam is a waste of human resources and effort (not to mention electricity). We do know better and we do have better solutions.

Bitcoin is a major historical milestone, and we ought to cherish the innovation and development that made Bitcoin what it was; but it isn't fit for purpose as the earth's universal payment system.

NotLambchop

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Quote from: inca on January 11, 2015, 09:57:02 AM

... Come to think of it, do you have a life outside bitcointalk?

BlindMayorBitcorn

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Quote from: NotLambchop on January 11, 2015, 09:51:46 AM

Quote from: jzcjca00 on January 11, 2015, 09:29:07 AM

...
But it's a serious question. Let's say that I don't like Bob Dylan, for instance. What would motivate me to join a forum of Bob Dylan fans and spend hours and hours telling everyone that Bob Dylan has a whiny, nasal voice, and that he sings off key? Clearly true, but still, why devote big sections of your life to seeking out disagreement?

Now imagine a forum where Dylan fanatics try to unload their scratchy Dylan vinyl on clueless rubes with lulzy claims like "Dylan records are a disruptive technology destined to become the next world currency" & "anyone not blowing his pension fund on Dylan records is a fool." Imagine further that said Dylan fans are also prognosticating the inevitable demise of all other muzak.
Still with me? Let's keep imagining!

Now imagine that same Dylan fanatics are hilariously inept at pimping Dylan, a veritable herd of lolcows, udders just bursting with strawberry-flavored lel.

That was beautiful Cry

inca

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Activity: 1176

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Quote from: NotLambchop on January 11, 2015, 09:51:46 AM

Quote from: jzcjca00 on January 11, 2015, 09:29:07 AM

...
But it's a serious question. Let's say that I don't like Bob Dylan, for instance. What would motivate me to join a forum of Bob Dylan fans and spend hours and hours telling everyone that Bob Dylan has a whiny, nasal voice, and that he sings off key? Clearly true, but still, why devote big sections of your life to seeking out disagreement?

Now imagine a forum where Dylan fanatics try to unload their scratchy Dylan vinyl on clueless rubes with lulzy claims like "Dylan records are a disruptive technology destined to become the next world currency" & "anyone not blowing his pension fund on Dylan records is a fool." Imagine further that said Dylan fans are also prognosticating the inevitable demise of all other muzak.
Still with me? Let's keep imagining!

Now imagine that same Dylan fanatics are hilariously inept at pimping Dylan, a veritable herd of lolcows, udders just bursting with strawberry-flavored lel.

Now imagine how effective your trolling would be in real life. Come to think of it, do you have a life outside bitcointalk?

inca

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Activity: 1176

Merit: 1000

Quote from: NotLambchop on January 11, 2015, 08:58:28 AM

Quote from: jzcjca00 on January 11, 2015, 08:56:24 AM

...It's more fun to hang out with like-minded people!

Heard mentality confirmed.

Herd?

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: jzcjca00 on January 11, 2015, 09:29:07 AM

...
But it's a serious question. Let's say that I don't like Bob Dylan, for instance. What would motivate me to join a forum of Bob Dylan fans and spend hours and hours telling everyone that Bob Dylan has a whiny, nasal voice, and that he sings off key? Clearly true, but still, why devote big sections of your life to seeking out disagreement?

Now imagine a forum where Dylan fanatics try to unload their scratchy Dylan vinyl on clueless rubes with lulzy claims like "Dylan records are a disruptive technology destined to become the next world currency" & "anyone not blowing his pension fund on Dylan records is a fool." Imagine further that said Dylan fans are also prognosticating the inevitable demise of all other muzak.
Still with me? Let's keep imagining!

Now imagine that same Dylan fanatics are hilariously inept at pimping Dylan, a veritable herd of lolcows, udders just bursting with strawberry-flavored lel.

minerpumpkin

hero member

Activity: 686

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A pumpkin mines 27 hours a night

Zero, obviously. If everyone decided that Bitcoin has no value anymore, its value inherently will become 0. This could happen if there's a serious flaw in the protocol, the encryption/one way mathematical hashing functions are rendered broken, or whatever reason. Until then: Some positive value.

jzcjca00

sr. member

Activity: 263

Merit: 250

Quote from: kwukduck on January 11, 2015, 09:28:52 AM

Quote from: jzcjca00 on January 11, 2015, 08:56:24 AM

Quote from: kwukduck on January 11, 2015, 07:46:45 AM

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.

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.

If I was interested in altcoins, I would hang out in some kind of altcoin forum.

jzcjca00

sr. member

Activity: 263

Merit: 250

Quote from: NotLambchop on January 11, 2015, 08:58:28 AM

Quote from: jzcjca00 on January 11, 2015, 08:56:24 AM

...It's more fun to hang out with like-minded people!

Heard mentality confirmed.

I think you mean, "herd," as in "a large group of animals that live, feed, or migrate together," not "heard," as in "I heard what you were saying, and I disagree."

But it's a serious question. Let's say that I don't like Bob Dylan, for instance. What would motivate me to join a forum of Bob Dylan fans and spend hours and hours telling everyone that Bob Dylan has a whiny, nasal voice, and that he sings off key? Clearly true, but still, why devote big sections of your life to seeking out disagreement?

You're suggesting that choosing to hang out with like-minded people makes me a herd animal, but I'm wondering if devoting ones life to going to Yankees ball games just to tell the Yankees fans how terrible the Yankees are isn't a terrible waste of time and energy.

My brother-in-law likes old cars, and he goes to "Cars and Coffee" every Saturday morning. Imagine that some person started showing up every week to tell everyone there that old cars are stupid and worthless. I would wonder if that person had some kind of mental illness that made him go out of his way to be so disagreeable!

kwukduck

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Activity: 1937

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Quote from: jzcjca00 on January 11, 2015, 08:56:24 AM

Quote from: kwukduck on January 11, 2015, 07:46:45 AM

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.

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.

stonerider

full member

Activity: 224

Merit: 100

Zero, as in free, is the lowest possible price for anything.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: jzcjca00 on January 11, 2015, 08:56:24 AM

...It's more fun to hang out with like-minded people!

Heard mentality confirmed.

jzcjca00

sr. member

Activity: 263

Merit: 250

Quote from: kwukduck on January 11, 2015, 07:46:45 AM

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.

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!

spazzdla

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Quote from: kwukduck on January 11, 2015, 07:46:45 AM

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.

With 100 000 people wanting bitcoin and the price at $27 it would only cost each person $4k to buy every single BTC currently in existence..

The odds of BTC ever hitting single digits again is almost zero... even it becomes a thing of just us nerds I cannot see it going below double digits.

asdlolciterquit

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Quote from: benzle on January 10, 2015, 10:46:57 PM

This article says enough with all the blind optimism, given current conditions what is the lowest possible price?
http://www.thegreenminute.org/bitcoin.html

i think is very unlikely, but maybe btc can become worthless..so the lowst possibile price is 0

abercrombie

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Bitcoin continues to amaze me how it has followed technical analysis perfectly dropping down to fill previous huge spikes. We still need to fill one last spike that sparked the early November 2013 rally to $1k.

Charts indicate we could fill the spike from the high 100's.

Without filling that foundation, to rise further is like having a building built on stilts instead of cement.

kwukduck

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Activity: 1937

Merit: 1001

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.

dinofelis

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Quote from: benzle on January 10, 2015, 10:46:57 PM

This article says enough with all the blind optimism, given current conditions what is the lowest possible price?
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 Grin

benzle

newbie

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This article says enough with all the blind optimism, given current conditions what is the lowest possible price?
http://www.thegreenminute.org/bitcoin.html

Topic: What might the lowest possible price of Bitcoin be? - page 4. (Read 4997 times)