Topic: will the bitcoin reach $1000 one day...? - page 64. (Read 112647 times)

The more non tech people will use Bitcoin, the more hacking of wallets will happen with malware. In fact online wallet with two factor authorization (SMS,yubikey) might be more secure for these non tech people

It can be estimated though, with number of running bitcoin-qt nodes, and number of bitcoin-qt downloads. About 100.000+ users estimated, maybe 1 mil

We can't really measure that.

How many thousands user are of bit coin?

And they have millions of users. While we measure in thousands.

yeah it´s almost reaching the market cap of rovio.


....wait...?   rovio ??


they made "angry birds"

Hitting that price is 100% dependant on Bitcoin being adopted by the mainstream and fully integrated into day-to-day life. Otherwise I don't see it happening. That is a tremendously high market cap, especially as the supply of bitcoin grows

CONFIRMED: From time to time it will fall, but in general it will rise over the next months.

Does anyone here think that all of the these hacking issues with wallets will have an impact on the growth of BTC price?  I know as the price goes up, hacking of wallets becomes more profitable, so I wonder if it'll cause some confidence issue with the digital currency.

Hitting that price is 100% dependant on Bitcoin being adopted by the mainstream and fully integrated into day-to-day life. Otherwise I don't see it happening. That is a tremendously high market cap, especially as the supply of bitcoin grows

Does anyone here think that all of the these hacking issues with wallets will have an impact on the growth of BTC price?  I know as the price goes up, hacking of wallets becomes more profitable, so I wonder if it'll cause some confidence issue with the digital currency.

That's not a wallet.  That's an unregulated, unaudited, uninsured bank account.  Don't let anyone tell you differently.

If you don't have the private key, then you don't have the bitcoins.  It's as simple as that.  You have generously given away your bitcoins to a complete stranger based on a promise that they've given you that they will send those bitcoins anywhere you like anytime you like whenever you ask them to.

Imagine.  You're walking down the street with $1000 in your pocket.  You come to a corner where someone has set up a folding table and put out a sign printed on a piece of cardboard.  You're curious so you ask them what they're doing. They explain to you that they are operating a corner bank.  They tell you that if you give them all the cash in your pocket, they will hold on to it for you.  Then at any time in the future, you can just ask them to spend it for you and they will deliver the cash wherever you like.  They are not insured by the FDIC (or anyone else). They do not go through any sort of audit or submit to any oversight. You are not allowed to know how much total cash they are holding right now.

Do you hand them your $1000 and walk away, hoping that they'll still be there with their folding table tomorrow when you come back to ask for some of that cash to be sent somewhere?  If not, why would you do the same with your bitcoins?

I believe it will. But it will take time.