Topic: will the bitcoin reach $1000 one day...? - page 104. (Read 112647 times)
I think it will
Maybe.
maybe... and hopefully yes, Bitcoin going to be the best investment ever if it really reach 1k someday
but yet its movement is unpredicable
but yet its movement is unpredicable
As been said, the world needs decentralized cryptographically protected money! If it's not bitcoin, then something else will surely hit serious adoption.
It is very hard to hit $1000.
I don't think It's possible.
Why do you say that? Saying something isn't possible is quite a claim.
Just some minor misconceptions here:
There were almost 100,000 users on MtGox alone two years ago, and that number has exploded over the last year, growing at 50k a month. And that's just MtGox. I would estimate that there are over 10 million people who have ever used bitcoin, and about 1 million+ who are regular users.
Having everyone mine will not make confirmations any faster. Confirmations are locked at 1 every ten minutes, no matter how many people mine, or how much mining power is thrown at bitcoin. As for easy online payments, to hash a bitcoin transaction (i.e. sign it) takes an infentessimally small amount of processing power. There's no need for special hardware algorithms in processors for that. To make online payments easier, we just need to continue expanding services like blockchain.info and Electrum. Now, if they were to add mining hardware to their chips, that would be another thing, but that's also unlikely, since such hardware needs to run 24/7, uses a lot of power, generates a lot of heat, and may not even be profitable in any way for the end user.
Price per bitcoin will depend on the size of the market, ie the number of people involved. I've read estimates saying there's less than a million people who have ever used bitcoin, and probably 10% of those who are "active" in the community.
There were almost 100,000 users on MtGox alone two years ago, and that number has exploded over the last year, growing at 50k a month. And that's just MtGox. I would estimate that there are over 10 million people who have ever used bitcoin, and about 1 million+ who are regular users.
Something I've been thinking about. bitcoin will go to the moon once Intel or ARM or AMD get involved and add hashing algorithms directly into their CPUs and GPUs. Basically, every new computer, tablet and phone sold will be capable of hashing and expand the network at an enormous pace.
This integration would not be for the sole purpose of generating new coins, but rather faster confirmation and easy online payments!
This integration would not be for the sole purpose of generating new coins, but rather faster confirmation and easy online payments!
Having everyone mine will not make confirmations any faster. Confirmations are locked at 1 every ten minutes, no matter how many people mine, or how much mining power is thrown at bitcoin. As for easy online payments, to hash a bitcoin transaction (i.e. sign it) takes an infentessimally small amount of processing power. There's no need for special hardware algorithms in processors for that. To make online payments easier, we just need to continue expanding services like blockchain.info and Electrum. Now, if they were to add mining hardware to their chips, that would be another thing, but that's also unlikely, since such hardware needs to run 24/7, uses a lot of power, generates a lot of heat, and may not even be profitable in any way for the end user.
I don't think It's possible.
I hope so, then at least some day I would finally have a successful investment 
"To be or not to be? That is the question."
Commenting in "early adopter dilemma" thread
Commenting in "early adopter dilemma" thread
Bitcoin will reach $1000 no later than winter 2015.
By the beginning of 2014 the price of btc will be $250.
$10,000 per coin will be achieved by 2017 and in 2020 you will have to pay $100,000 to purchase one bitcoin.
I hope this information is useful.
By the beginning of 2014 the price of btc will be $250.
$10,000 per coin will be achieved by 2017 and in 2020 you will have to pay $100,000 to purchase one bitcoin.
I hope this information is useful.
So if I have 0.02 btc, I have to wait for 7 years and it will be worth $2000?
seriously, what the odds are for this to happen?
one thing I'm sure is, the world need this kind of money, the mean to store and send wealth with no mediator, weather or not bitcoin is the one, but it has a good damn chance to be
Sure will, We have seen it rise all the way to $100 and it doesn't look like it is going to come down any time soon. I think it will reach $1000 in about 8-10 years.
it's already $100 and we have yet entered porn and gambling industry in the real world. They will push btc beyond 1000 easily. $1B marketcap is just that one instragram company worth remember?
+1
for sure, think apple, think instagram, think any large company like kraft, Monsanto, haliburtin, RioTinto, bowing, GE, there is so much money out there. Now think if bitcoin was for real main stream, not just a few tech nerds know about it and it was mentioned that one day on tv. no no think really truly main stream, think payall or visa or master-card or AmEx. you see everyone thinks this thing is main stream but we are so far from that. and baby when it goes its going to really really go, if this sort of situation happens than yes they will be worth 1,000. but just like what you are talking about, if one little photo app company can go for that much and if that kind of money went into BTC a thing that you can use as cash or just hold and save and make money off of then not only 1,000 but 10,000 for sure. the trick will be to buy .0001 satashis. imagine all the little million dollar companies out in the world not just america but in china and india and middle east ballywood hollywood all that money. and if you have a system that limits how many bitcoins are going to be produced and has an end date. then yes it will just exponentially go up.
Price per bitcoin will depend on the size of the market, ie the number of people involved. I've read estimates saying there's less than a million people who have ever used bitcoin, and probably 10% of those who are "active" in the community.
Something I've been thinking about. bitcoin will go to the moon once Intel or ARM or AMD get involved and add hashing algorithms directly into their CPUs and GPUs. Basically, every new computer, tablet and phone sold will be capable of hashing and expand the network at an enormous pace.
This integration would not be for the sole purpose of generating new coins, but rather faster confirmation and easy online payments!
If that was to happen, the overall market size could be well over $500 Billion. That's 500 times the current market cap, giving each bitcoin around $50,000 value.
Wishful thinking? Hell yes. Impossible? It's already been thought about by Intel (not specifically mentioning "bitcoin") http://www.intel.com.au/content/dam/www/public/us/en/documents/white-papers/multi-hash-paper.pdf
Something I've been thinking about. bitcoin will go to the moon once Intel or ARM or AMD get involved and add hashing algorithms directly into their CPUs and GPUs. Basically, every new computer, tablet and phone sold will be capable of hashing and expand the network at an enormous pace.
This integration would not be for the sole purpose of generating new coins, but rather faster confirmation and easy online payments!
If that was to happen, the overall market size could be well over $500 Billion. That's 500 times the current market cap, giving each bitcoin around $50,000 value.
Wishful thinking? Hell yes. Impossible? It's already been thought about by Intel (not specifically mentioning "bitcoin") http://www.intel.com.au/content/dam/www/public/us/en/documents/white-papers/multi-hash-paper.pdf
My personal feeling: it has a better chance of crashing to below US$5 than rising above US$1000. I'm quite pessimistic about all cryptocurrencies we see now.
In fact, the price of bitcoin is telling you how likely it will fail. For something with a potential total supply of about 20 million units and aspiring to be the international currency, each unit, IF bitcoin does succeed in becoming the standard, could be worth a million USD (very roughly speaking) to facilitate global trade which is over 40 trillion USD per annum now, and will likely keep increasing.
The current price just shows the probability of achieving that is very very small as assessed by the market.
In fact, the price of bitcoin is telling you how likely it will fail. For something with a potential total supply of about 20 million units and aspiring to be the international currency, each unit, IF bitcoin does succeed in becoming the standard, could be worth a million USD (very roughly speaking) to facilitate global trade which is over 40 trillion USD per annum now, and will likely keep increasing.
The current price just shows the probability of achieving that is very very small as assessed by the market.
Bitcoin will reach $1000 no later than winter 2015.
By the beginning of 2014 the price of btc will be $250.
$10,000 per coin will be achieved by 2017 and in 2020 you will have to pay $100,000 to purchase one bitcoin.
I hope this information is useful.
By the beginning of 2014 the price of btc will be $250.
$10,000 per coin will be achieved by 2017 and in 2020 you will have to pay $100,000 to purchase one bitcoin.
I hope this information is useful.
So if I have 0.02 btc, I have to wait for 7 years and it will be worth $2000? I like this plan. Hopefully I'll have much more than 0.02 btc by that time
It certainly could reach high value... However, in gentle words of Robert Crumb, wishing won't make it happen. The only way it could happen is if enough people invest their time, work, and money into the system. Now, you could just sit on your ass and wait for others to break sweat, or you could get to work.
Can you code? Can you manage a project? Can you talk? Can you teach? Can you sell stuff? Do you drink coffee? Do you paint? Are you a lawyer? A drug dealer? Planning a vacation? There is room for Bitcoin everywhere. Work on it. Ask your local shop to accept coins. Help them set it up. Risk portion of your savings. Design solutions. Spend your coins. Earn them. Trade them. Give them away.
Can you code? Can you manage a project? Can you talk? Can you teach? Can you sell stuff? Do you drink coffee? Do you paint? Are you a lawyer? A drug dealer? Planning a vacation? There is room for Bitcoin everywhere. Work on it. Ask your local shop to accept coins. Help them set it up. Risk portion of your savings. Design solutions. Spend your coins. Earn them. Trade them. Give them away.
Couldn't agree more!! +1
Bitcoin will reach $1000 no later than winter 2015.
By the beginning of 2014 the price of btc will be $250.
$10,000 per coin will be achieved by 2017 and in 2020 you will have to pay $100,000 to purchase one bitcoin.
I hope this information is useful.
By the beginning of 2014 the price of btc will be $250.
$10,000 per coin will be achieved by 2017 and in 2020 you will have to pay $100,000 to purchase one bitcoin.
I hope this information is useful.
bit coin will fail with it not haveing enough paid to mine cause it will stop producing coin it will suddenly stop no miners no bitcoin blockchain crash thats not for along time yet there is a term for it google it tradgedy of commons
//en.bitcoin.it/wiki/Tragedy_of_the_Commons
at that point some other crypt currency will rise with high rates paid to mine on proof of stake not proof of work
//en.bitcoin.it/wiki/Tragedy_of_the_Commons
at that point some other crypt currency will rise with high rates paid to mine on proof of stake not proof of work
The problem with that theory is that if a bunch of miners stop mining, then mining will become profitable again, and they'll start again.
Plus, people with one or two block erupters will have no reason at all to turn them off, and they'll be able to keep the network going even if they take a loss of a few dollars a month.
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