Topic: Who do you think should be the fool to buy Bitcoin from you for 1000$+? - page 4. (Read 4791 times)

For the millionth time you dont need to buy an entire coin. We will be talking in terms of satoshi or mBTC by then.

Those that are intelligent enough to not want to miss on the true technological revolution and not miss the train at cheap 1K when it will be 10K before this decade ends.

first good answer and shows merchant adoption is actually still good for something. Well, maybe there is hope if the merchants are stupid enough to accept bitcoin as volatile as it is.

People will pay as much for 1 BTC (or for 1 mBTC) as they think it's worth when they buy it, this includes actual value (what can you buy with it?) as well as speculative value (how much will it be worth in a year?)
If at one point in time you can get a great smartphone for 25 mBTC then $10k for 1 BTC is not too much, so you will gladly pay $250 for 25mBTC to get your smartphone. If you want to buy a car that's offered for 2 BTC youll probably even buy 2 BTC for $20k.
You will just be a bit mad that you did not buy some BTC when they were less than $400.

Onkel Paul

Bitcoin is maturing, and is becomming stronger and stronger.

When Bitcoin was just $25 I was thinking why on earth should I buy at $55.. Guess what, I bought at $55.

When Bitcoin was $100 I was thinking why should I buy at $200.. Guess what, I bought at $200.

People who buy at $1000 aren't fools, if the market is mature enough and supply and demand is exactly right, then it's a good buy.

I have a feeling someone in few years is going to bump this topic just for lolz.

looks like a good answer, but i don't think they will invest later because you know. People don't have much money and they feel somehow odd doing that and probably will feel like fools and likely be fools if they did and that's why they won't because their 500$ doesn't even buy them a single coin.
I have doubts average joe wants to buy a lot later to get dust for his money only to make you rich.

People who don't understand Bitcoin today.

My feelings tell me that you are/will be one these people @OP

Mrs. Ena Spadwick of 24 Frobisher Gardens, Surrey, UK.

Don't make her wait too long.

maybe 1000$ is still easily possible, agree. But we will run into serious issues above 10k$ to 20k$ i believe. I'd expect an epic, epic crash around that mark. Like doublecrash (if we do not actually see this right now already)

Why should someone buy btc for 345$ today? That is a good question and i think the answer is: they shouldn't because has good chance to hit 200$-range again. We have always more coins. Each and every day.

What changes from 1$ to 1000$ ?
The audience became bigger. So we are back to the only point we may agree on: it's about users

You porbably do know as good as i do: most who are here now are independant persons who came here because they educated themselves. But the average person does not educate themselves about anything at all. So possibly we hit a ceiling of possible users somewhere and bitcoin will become very depandant on advertising via the current institutions which in part it actually is designed to make obsolete. I do see a contradiction there too. That's a sociologic question now aswell as an existential one for btc.

haha. But even if the media would suddenly be on the side of bitcoin it'll still be very hard to convince the uneducated masses to buy a coin for 5000$ which was 5$ once.  Since media is not even looked at as any type of guide - not even by stupid people these days the whole task may very well be a fail.

I still don't know who's buying btc for 2k$ , 5k$, 10k$



edit: lool topic moved to speculation and no trace or remark of the move on the original place. lmao.
This is actually in the wrong subforum now because i did not want to discuss speculative pricedevelopement but the question "who is buying later for higher prices?" but apparently people are affraid they can't answer it.

Why shouldn't someone buy Bitcoin for $1000 in a year? Just because it is less than that today? Why should someone buy Bitcoin for $345 today, when it was $130 one and a half year ago?
There were always marks, were people said, that is the peak. I am not long enough in the game, but I think, there was one at $1 at $30 at $130 and now at $1000.
What exactly changed?

i think we are digging up an important point here: it's not so much about usecases as it is about users.

remark: will turn cult-like easily the more this is understood.

But then again: when it is about users and not even about application so much then i see an even brighter future for altcoins. It remains to be seen who will be the people to buy bitcoin for 2000$ or 5000$ other than the speculators.

We will certainly deal with a bubble within a bubble. This shit will pop later if it doesn't do it already.

The only thing that upholds the price are the believers and hoarders from my perspective. But most of them have no idea who they want to sell to later.

I see a problem with bitcoin not being able to be a good store of value (too high inflation). This could does cause communities of coins with similar emissionrate (and the original btc of course) to slow in growth because people can't hold the coin longterm (they can but it's not wise ... i know, i know everything will be good LATER because everyone believes very hard in it now).

If people can actually not use it to store wealth it'll be just a fad and makes essetially in its current form only little sense.

Summary:
-bitcoin can't hold value right now, is not suitable for saving money into it and hinders with it its own adoption
-what bitcoin needs most is users
-users need to be loyal and believe in it
-> one should take care to not let this become very fast a brainwashing cult if it isn't one already.
-a bubble within a bubble is a possibility and likely reality - once the loyal believers start to unbelieve it pops.

so much for location determination. I just hope it pumps to 1000$+ so i can sell ... get some sheep in here, quick! The last round is bled dry from altcoinscams and bounties to miners already. Need fresh meat.



^
lol. Classical example of permabulltard.
Thanks for holding the bag. We need people like you.  
Never sell. Always buy more.

So, in summary:

Bitcoin is going to $1000!!!

Heh true, I may well be buying at 1500 even on the backside of the next big one.

If we had 600 million users, a 10x rise would be too much to expect. But if we've got under 6 million, then 100x is easily possible.

Maximum potential is 1.23 Billion users if we say that everyone capable of using facebook can use bitcoin. And where is the starting point? Well those snippy snappy critics tell us we might only have 200,000 users right now, and we can hit $1000 with that many? Hokay, so that's only six hundred and fifteen thousand percent upside potential. 615,000%... or if you believe community estimates of around 2 million, a paltry 61 thousand percent instead.

I will buy btc for $1,000 but not before it went to $5,500 first 

dude, when btc is 1000$ people will buy doge or litecoin then or some other (in relation) undervalued coin. Altcoins will be booming later, no doubt. But all that is aswell just speculation demand.

We already found out: merchant adoption does not help raise the price because merchants do not hold it. So there aren't that many usecases left which could create REAL demand.

Anyways, keep the answers coming. Who is buying that expensive coin later?

Maybe he is the real Mark Zuckerberg  , but I'm not sure. However  I think the people will buy also bitcoin if it will raise to 1'000 dollars.

correct. Only the actual real usecases can make real demand. And they are few... or not strong enough to draw people in who aren't technically interested already. I think peoples expectations of another meteoric rise of 10x or more are too high.

Getting Average Joe in here will not be happening anytime soon. Especially with such a fucked up chart.