Will Dollar worth 0.0001 BTC one day - page 4.

hunnaryb

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Quote from: specgamer on December 12, 2013, 08:12:51 PM

Quote from: ajax3592 on December 08, 2013, 03:26:15 PM

I'm guessing for that Bitcoin would have to be $40000, right? Very less likely.

I think it will.

If it does, I will be a multi-millionaire Cheesy

I think it will hit the ten thousands point in a few years or so

Unless you sell earlier, of course, thats what crashes are for, to get the coins out of weak hands

specgamer

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I love bitcoins.

Quote from: ajax3592 on December 08, 2013, 03:26:15 PM

I'm guessing for that Bitcoin would have to be $40000, right? Very less likely.

I think it will.

If it does, I will be a multi-millionaire Cheesy

I think it will hit the ten thousands point in a few years or so

masyveonk

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https://bmy.guide

Quote from: nahtnam on December 12, 2013, 12:51:33 AM

Quote from: ?? on ??

Quote from: nahtnam on December 11, 2013, 07:58:48 PM

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

Quote from: nahtnam on December 12, 2013, 12:50:48 AM

Quote from: utarinues on December 11, 2013, 08:10:57 PM

Quote from: nahtnam on December 11, 2013, 07:58:48 PM

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

Some early adopters have over 100,000 BTC, do you see something like this happening now Huh

No, because btc is still at a reasonable price. People can still buy 1 btc whole.

Just to inform you, 100 BTC * 1 mil USD = 100,000 BTC * 1,000 USD

nahtnam

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Quote from: ?? on ??

Quote from: nahtnam on December 12, 2013, 12:51:33 AM

Quote from: ?? on ??

Quote from: nahtnam on December 11, 2013, 07:58:48 PM

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

nahtnam

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Quote from: ?? on ??

Quote from: nahtnam on December 11, 2013, 07:58:48 PM

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

nahtnam

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Quote from: utarinues on December 11, 2013, 08:10:57 PM

Quote from: nahtnam on December 11, 2013, 07:58:48 PM

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

Some early adopters have over 100,000 BTC, do you see something like this happening now Huh

No, because btc is still at a reasonable price. People can still buy 1 btc whole.

utarinues

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Quote from: nahtnam on December 11, 2013, 07:58:48 PM

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

Some early adopters have over 100,000 BTC, do you see something like this happening now Huh

PenAndPaper

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People thinking that 10000$ is a lot for one bitcoin only because 10000 looks a lot, they can't understand that 1000$ looked impossible some months ago. Not years but months.

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Quote from: passwordistaco on December 11, 2013, 07:39:36 PM

Quote from: nahtnam on December 11, 2013, 07:07:05 PM

Quote from: tondaS on December 11, 2013, 07:04:30 PM

Quote from: nahtnam on December 11, 2013, 07:00:28 PM

Quote from: miners78 on December 11, 2013, 02:08:31 PM

No one can really predict, but I think that it will surpass even that in time. I think it will continue to grow right up until its mining limit.

It depends. The price depends on a lot of factors, so just because there are less btc to mine doesnt mean the price will go up.

Yes, but mined Bitcoins will have higher value if the difficulty keep rising (or block reward halving and difficulty remain stable)

I will guarantee you that it will stop at around 10k. It wont go past it, because no one is going to pay 1 mil for a bitcoin, people are going to sell wayyyy faster than buy, so the price will start to go down really fast to a reasonable price.

while i have no data to back this up i feel like people are buying whole bitcoins less and less after the $500+ jump and i feel like that trend will only continue as prices go up. and as the earliest adopters sell their stash of bitcoins (which if they are smart they will sell them slowly to gain the most value per coin) the market will dip and continue upward.

If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

passwordistaco

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Quote from: nahtnam on December 11, 2013, 07:07:05 PM

Quote from: tondaS on December 11, 2013, 07:04:30 PM

Quote from: nahtnam on December 11, 2013, 07:00:28 PM

Quote from: miners78 on December 11, 2013, 02:08:31 PM

No one can really predict, but I think that it will surpass even that in time. I think it will continue to grow right up until its mining limit.

It depends. The price depends on a lot of factors, so just because there are less btc to mine doesnt mean the price will go up.

Yes, but mined Bitcoins will have higher value if the difficulty keep rising (or block reward halving and difficulty remain stable)

I will guarantee you that it will stop at around 10k. It wont go past it, because no one is going to pay 1 mil for a bitcoin, people are going to sell wayyyy faster than buy, so the price will start to go down really fast to a reasonable price.

while i have no data to back this up i feel like people are buying whole bitcoins less and less after the $500+ jump and i feel like that trend will only continue as prices go up. and as the earliest adopters sell their stash of bitcoins (which if they are smart they will sell them slowly to gain the most value per coin) the market will dip and continue upward.

tondaS

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Quote from: nahtnam on December 11, 2013, 07:07:05 PM

Quote from: tondaS on December 11, 2013, 07:04:30 PM

Quote from: nahtnam on December 11, 2013, 07:00:28 PM

Quote from: miners78 on December 11, 2013, 02:08:31 PM

No one can really predict, but I think that it will surpass even that in time. I think it will continue to grow right up until its mining limit.

It depends. The price depends on a lot of factors, so just because there are less btc to mine doesnt mean the price will go up.

Yes, but mined Bitcoins will have higher value if the difficulty keep rising (or block reward halving and difficulty remain stable)

I will guarantee you that it will stop at around 10k. It wont go past it, because no one is going to pay 1 mil for a bitcoin, people are going to sell wayyyy faster than buy, so the price will start to go down really fast to a reasonable price.

I believe you, 10k is reasonable price anyway. We will see within 2 years if the price can go higher or really stop at 10k Wink

nahtnam

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Quote from: tondaS on December 11, 2013, 07:04:30 PM

Quote from: nahtnam on December 11, 2013, 07:00:28 PM

Quote from: miners78 on December 11, 2013, 02:08:31 PM

No one can really predict, but I think that it will surpass even that in time. I think it will continue to grow right up until its mining limit.

It depends. The price depends on a lot of factors, so just because there are less btc to mine doesnt mean the price will go up.

Yes, but mined Bitcoins will have higher value if the difficulty keep rising (or block reward halving and difficulty remain stable)

I will guarantee you that it will stop at around 10k. It wont go past it, because no one is going to pay 1 mil for a bitcoin, people are going to sell wayyyy faster than buy, so the price will start to go down really fast to a reasonable price.

tondaS

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Quote from: nahtnam on December 11, 2013, 07:00:28 PM

Quote from: miners78 on December 11, 2013, 02:08:31 PM

No one can really predict, but I think that it will surpass even that in time. I think it will continue to grow right up until its mining limit.

It depends. The price depends on a lot of factors, so just because there are less btc to mine doesnt mean the price will go up.

Yes, but mined Bitcoins will have higher value if the difficulty keep rising (or block reward halving and difficulty remain stable)

nahtnam

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Quote from: miners78 on December 11, 2013, 02:08:31 PM

No one can really predict, but I think that it will surpass even that in time. I think it will continue to grow right up until its mining limit.

It depends. The price depends on a lot of factors, so just because there are less btc to mine doesnt mean the price will go up.

miners78

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No one can really predict, but I think that it will surpass even that in time. I think it will continue to grow right up until its mining limit.

geraFoerra

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Quote from: jones31 on December 10, 2013, 02:36:32 PM

Quote from: flynn on December 10, 2013, 01:38:13 PM

gold is inflating ? Shocked

If we find a huge deposit of gold that equals 5% or even 10% of the total gold supply , how would you call that?

Price drop.

Thats why gold is not as secure store of value as most think

MoneyGod

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Quote from: Jomppe on December 10, 2013, 03:05:43 PM

I think 1 satoshi will be worth of a dollar if not even that - who wants the paper trash?

I am not agree with you its need too much time may be its near to 2050 or after this right now its trying to fix it at 1000$ to 1 btc

Jomppe

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I think 1 satoshi will be worth of a dollar if not even that - who wants the paper trash?

jones31

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Quote from: bmsmashout on December 10, 2013, 02:50:21 PM

Let me just save you the time and tell you that NOBODY KNOWS AND ANYBODY THAT THINKS THEY DO IS SPECULATING.

So your saying that nobody knows for sure an event that is supposed to happen in the future will happen 100%?
Oh , I assume you're right!
Is somebody gong to argue with you

? Course not?!

bmsmashout

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Let me just save you the time and tell you that NOBODY KNOWS AND ANYBODY THAT THINKS THEY DO IS SPECULATING.

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