will the bitcoin reach $1000 one day...? - page 38.

klovishey

full member

Activity: 195

Merit: 100

Selling Coupons Babie

Quote from: zumzero on July 27, 2013, 01:48:00 PM

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.

The good thing is when you will be wrong with "By the beginning of 2014 the price of btc will be $250" prediction, you will be likely wrong with the others as well

Baleinium

newbie

Activity: 49

Merit: 0

Quote from: Rassah on December 11, 2013, 03:17:35 PM

Quote from: Baleinium on December 11, 2013, 02:47:13 PM

I like to think about Bitcoins future compared to other cryptos. It is very rare that the first version of anything ends up lasting very long. It might not be the best example, but almost no one is still using Windows 3.1 anymore despite how revolutionary it was at the time.

That's actually a mistake a lot of people who are new to bitcoin make. They see bitcoin is a coin, or as a program or service of some sort, like Windows or Facebook, when it's actually a protocol, like HTML or POP3 for e-mail. Bitcoin instead should be compared to TCP/IP, in which case we had TCP/IP versus Novel Netware, and TCP won, probably due to it being more open and free. We still use TCP/IP, even though I am sure it has changed dramatically over the last few decades.
Even if we take your Windows example, Bitcoin is closer to an OS kernel, with some evolving into Windows and some evolving into Linux (Bitcoin is the open source one with massive developer support). We still use Windows and Linux, despite them having huge improvements since their 1.0 versions. We will still be using Bitcoin, even when it changes so much that we may not recognize it from it's present day version.

That's a very interesting idea. So in your opinion is it more likely that new Bitcoins will be minted (after a change in the protocol of course) or that the price just continues to increase to adjust for scarcity?

whenmunkysfly

newbie

Activity: 1

Merit: 0

based on the math i did there are 500,000 USD in circulation for every 1BTC that will ever exist. That would only account for the USD and not every other world currency so I consider it a safe number to shoot for as long as you have faith that BTC will one day be as accepted as a USD in trade.

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: Baleinium on December 11, 2013, 02:47:13 PM

I like to think about Bitcoins future compared to other cryptos. It is very rare that the first version of anything ends up lasting very long. It might not be the best example, but almost no one is still using Windows 3.1 anymore despite how revolutionary it was at the time.

That's actually a mistake a lot of people who are new to bitcoin make. They see bitcoin is a coin, or as a program or service of some sort, like Windows or Facebook, when it's actually a protocol, like HTML or POP3 for e-mail. Bitcoin instead should be compared to TCP/IP, in which case we had TCP/IP versus Novel Netware, and TCP won, probably due to it being more open and free. We still use TCP/IP, even though I am sure it has changed dramatically over the last few decades.
Even if we take your Windows example, Bitcoin is closer to an OS kernel, with some evolving into Windows and some evolving into Linux (Bitcoin is the open source one with massive developer support). We still use Windows and Linux, despite them having huge improvements since their 1.0 versions. We will still be using Bitcoin, even when it changes so much that we may not recognize it from it's present day version.

Baleinium

newbie

Activity: 49

Merit: 0

Quote from: Rassah on December 11, 2013, 02:38:12 PM

Quote from: MANofthePEOPLE on December 07, 2013, 05:17:09 PM

Quote from: naphto on December 07, 2013, 04:08:02 PM

I don't think that 100k will be reach...
Imagine, you could get 50 btc every 10 min at the beginning with a laptop.

50 btc at 100k = 5 million $ lol

Yea I agree, it does seem a bit unrealistic.

Bitcoin is not limited in time. It does not expire. It's also not limited by how much of the world's economy it could take over. So, it could break and get abandoned within 10 years, never going over a few $1,000, or it could continue to take over more and more of the world, the USD value can continue to decrease, the economy could continue to expand, and we could continue to lose bitcoins to lost passwords or fees paid to unspendable addresses. A hundred years or more from now, we could even end up with most bitcoins lost for whatever reason, and the entire world's massively bigger economy operating on just a couple of bitcoins, with each being worth trillions of dollars. But it's all arbitrary, because these bitcoins will be spread among many people. The important question is how big of a % of all the bitcoins do you own, and how big do you believe the bitcoin economy will get (and even more importantly, how can you yourself help to make that economy bigger).

Great point. However, I like to think about Bitcoins future compared to other cryptos. It is very rare that the first version of anything ends up lasting very long. It might not be the best example, but almost no one is still using Windows 3.1 anymore despite how revolutionary it was at the time. Perhaps we will start to migrate to another currency and synchronize this with the missing Bitcoins so that in 20xx we will be fully migrated to something else. Personally I don't think it exists yet, but I'm sure there will exist a crypto much more effective than Bitcoins (or any crypto for that matter) in a few years. If this is so then the very last Bitcoins could potentially be worth several millions of dollars.

guybrushthreepwood

legendary

Activity: 1232

Merit: 1195

I'm banking on 10k by 2015 Grin

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: MANofthePEOPLE on December 07, 2013, 05:17:09 PM

Quote from: naphto on December 07, 2013, 04:08:02 PM

I don't think that 100k will be reach...
Imagine, you could get 50 btc every 10 min at the beginning with a laptop.

50 btc at 100k = 5 million $ lol

Yea I agree, it does seem a bit unrealistic.

Bitcoin is not limited in time. It does not expire. It's also not limited by how much of the world's economy it could take over. So, it could break and get abandoned within 10 years, never going over a few $1,000, or it could continue to take over more and more of the world, the USD value can continue to decrease, the economy could continue to expand, and we could continue to lose bitcoins to lost passwords or fees paid to unspendable addresses. A hundred years or more from now, we could even end up with most bitcoins lost for whatever reason, and the entire world's massively bigger economy operating on just a couple of bitcoins, with each being worth trillions of dollars. But it's all arbitrary, because these bitcoins will be spread among many people. The important question is how big of a % of all the bitcoins do you own, and how big do you believe the bitcoin economy will get (and even more importantly, how can you yourself help to make that economy bigger).

MoneyGod

sr. member

Activity: 406

Merit: 250

Quote from: franz2 on December 10, 2013, 10:06:49 AM

Maybe one day: 1 Satoshi = 0.01 $
1 uBTC = 1$

It would be easy for calculating ;-)

but its too much we have to wait for this too much currently target is will $ worth to 0.0001 and next is very long

franz2

hero member

Activity: 518

Merit: 500

Maybe one day: 1 Satoshi = 0.01 $
1 uBTC = 1$

It would be easy for calculating ;-)

kik1977

hero member

Activity: 593

Merit: 505

Wherever I may roam

Quote from: zumzero on July 27, 2013, 01:48:00 PM

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.

It is, thanks! Wink

Love reading these posts...

MoneyGod

sr. member

Activity: 406

Merit: 250

Quote from: Lauda on December 10, 2013, 12:50:18 AM

We're going towards $1000 again.

yes now before 25 December its touches again 1200$ and now have some worth to this figure correction is now going to end Grin

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

We're going towards $1000 again.

Euripides

newbie

Activity: 7

Merit: 0

prolly, thanks for listening.

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

Quote from: stuckprocess on June 24, 2013, 12:41:40 PM

Easily within 10 years.

The real question is, will it hit $10,000?

Or even $100,000?

My guess is yes and yes, but not for another 30-50 years.

10 years off there buddy but not bad! Does that mean it will hit $100k in 3-5 years? Cheesy

waqas

sr. member

Activity: 378

Merit: 250

Quote from: best14you on December 09, 2013, 01:42:46 AM

If you can buy a tesla, the possibilities are endless. I say $700.000 max for each bitcoin that I saw was an accurate estimate.

your estimate needs nearly 20 to 25 years its too much for 1 btc Grin

merv77

hero member

Activity: 574

Merit: 500

1.21 GIGA WATTS

BTC seems to be on the way up again. and this is normal volatile behavior.
See video below. Some probably have seen it, but for the ones that haven't it's ~~good~~ great info.

Bitcoin 101 Blackboard - Why Bitcoin's Growth is Normal & The S-Curves You Could Never See http://youtu.be/qHUPPYzzZrI

Cheers,
merv77

greenlion

hero member

Activity: 667

Merit: 500

We don't need mainstream point of sale whatsoever to support $10,000, just a small amount of Forex penetration takes you to five digit prices.

best14you

newbie

Activity: 4

Merit: 0

If you can buy a tesla, the possibilities are endless. I say $700.000 max for each bitcoin that I saw was an accurate estimate.

SouthernTiger

newbie

Activity: 56

Merit: 0

A dollar will be worth 0.0001 BTC one day if many people want to buy btc. am i right?

faiza1990

sr. member

Activity: 420

Merit: 250

★☆★777Coin★☆★

Quote from: bitmerzbow on December 08, 2013, 02:44:09 PM

I think we should change our thinking - the question should be asked if a dollar will be worth 0.0001 BTC one day

good question somebody must have to think about this

Topic: will the bitcoin reach $1000 one day...? - page 38. (Read 112647 times)