will the bitcoin reach $1000 one day...? - page 76.

Valerian77

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Quote from: gwedo on October 16, 2013, 06:44:49 AM

1. every coin needs users and merchants and goods and services which are traded.
2. Bitcoin might be well known but you still cannot buy common goods and services with it
3. Would you wait 2 hours for X confirmations when you want to buy an apple?
4. And for merchants might be easier and cheaper to develop its own coin exactly according to their needs.

1. true

2. https://all4btc.com/, coinmap.org, https://www.bitcoinstore.com/, https://www.bitmit.net/, http://usebitcoins.info/

3. if you do not pay a transaction fee it may take long. Otherwise the transaction will be visible immediately and confirmed within minutes

4. try that - anybody has the right to give out redeem codes for his goods

600watt

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Quote from: gwedo on October 16, 2013, 06:44:49 AM

Quote from: uininPeter on October 16, 2013, 04:14:30 AM

Quote from: gwedo on October 16, 2013, 04:02:29 AM

of course nobody denies it
but bitcoin is just one of thousands altcoins.
why should I use bitcoin when I could use something else instead?
Banks could make their own cryptocoins, companies can make their own cryptocoins and we will have tens of thousands of cryptocoins....

Sure, create your own cryptocoin, the advantage is you can use it exclusively yourselves.

You can make site as well with exact facebook functiality and you still have business worth nothing.

Go figure...

every coin needs users and merchants and goods and services which are traded.
Bitcoin doesnot fully fulfill neither any of these condition. People only put money in it because of speculative expectatitons and only because 95% of users are holding and not selling the coin its value still growths. Bitcoin might be well known but you still cannot buy common goods and services with it and I doubt that it would be sometimes possible. Would you wait 2 hours for X confirmations when you want to buy an apple?
And for merchants might be easier and cheaper to develop its own coin exactly according to their needs.

why you here when btc is sheit?

hope4me

full member

Activity: 126

Merit: 100

Quote from: gwedo on October 16, 2013, 06:44:49 AM

Would you wait 2 hours for X confirmations when you want to buy an apple?

So you know very little about Bitcoin, for apple, all you need is unconfirmed transaction, ready in a matters of seconds. The risk is not higher than acceptin payment via credit card and waiting months if chargeback occurs Grin

gwedo

member

Activity: 83

Merit: 10

Quote from: uininPeter on October 16, 2013, 04:14:30 AM

Quote from: gwedo on October 16, 2013, 04:02:29 AM

of course nobody denies it
but bitcoin is just one of thousands altcoins.
why should I use bitcoin when I could use something else instead?
Banks could make their own cryptocoins, companies can make their own cryptocoins and we will have tens of thousands of cryptocoins....

Sure, create your own cryptocoin, the advantage is you can use it exclusively yourselves.

You can make site as well with exact facebook functiality and you still have business worth nothing.

Go figure...

every coin needs users and merchants and goods and services which are traded.
Bitcoin doesnot fully fulfill neither any of these condition. People only put money in it because of speculative expectatitons and only because 95% of users are holding and not selling the coin its value still growths. Bitcoin might be well known but you still cannot buy common goods and services with it and I doubt that it would be sometimes possible. Would you wait 2 hours for X confirmations when you want to buy an apple?
And for merchants might be easier and cheaper to develop its own coin exactly according to their needs.

uininPeter

full member

Activity: 141

Merit: 100

Quote from: gwedo on October 16, 2013, 04:02:29 AM

of course nobody denies it
but bitcoin is just one of thousands altcoins.
why should I use bitcoin when I could use something else instead?
Banks could make their own cryptocoins, companies can make their own cryptocoins and we will have tens of thousands of cryptocoins....

Sure, create your own cryptocoin, the advantage is you can use it exclusively yourselves.

You can make site as well with exact facebook functiality and you still have business worth nothing.

Go figure...

gwedo

member

Activity: 83

Merit: 10

Quote from: Johnny Bitcoinseed on October 11, 2013, 07:05:16 PM

From what I understand, as of today 40% of the worlds population uses the Internet. That was a pipe dream in 1995, was it not?

I used to tell people about the Internet and they would shake their heads in disbelief and say they would never use it. Hehe. I bet few would admit to that now.

But I know many of you here on this forum were not even born yet in 1995 :-) I was there. And the Internet has changed the way we get media and do business. It is like what the printing press did to scribes. This BitCoin thing has the potential to be that big in the currency world. Think about that.

I am not saying it will. I am saying it has the potential to. That's my opinion an I'm stickin' to it Grin

of course nobody denies it
but bitcoin is just one of thousands altcoins.
why should I use bitcoin when I could use something else instead?
Banks could make their own cryptocoins, companies can make their own cryptocoins and we will have tens of thousands of cryptocoins....

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Quote from: Leehoya on October 15, 2013, 11:31:40 PM

Hitting $200++ by end of year so you can expect $1000 by 5++ years. Currently, $159.62

The current price is most likely due to that chinese company starting to accept bitcoin

I agree major Chinese adoption shift is underway
Interest will probally rise for a week or two

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Leehoya on October 15, 2013, 11:31:40 PM

Hitting $200++ by end of year so you can expect $1000 by 5++ years.

Does not compute. You realize this is exponential right? Hitting $200 this year does not imply $1000 being more than five years away.

Leehoya

full member

Activity: 140

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Hitting $200++ by end of year so you can expect $1000 by 5++ years. Currently, $159.62

Rassah

legendary

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Quote from: nobbynobbynoob on October 15, 2013, 03:47:26 PM

Given that soon Plunder Woman is to be "in charge" of the USD, it might be better to forget about the USD cross altogether and consider:

[When] will bitcoin reach gold-ounce parity?
[When] will bitcoin reach gold-pound (twelve ozt) parity?
[When] will bitcoin reach gold-kilo-bar parity?

And so on.

When Elon Musk, Richard Branson, Bill Gates, and a few others get their space mining operation off the ground Grin

nobbynobbynoob

hero member

Activity: 784

Merit: 1000

Annuit cœptis humanae libertas

Given that soon Plunder Woman is to be "in charge" of the USD, it might be better to forget about the USD cross altogether and consider:

[When] will bitcoin reach gold-ounce parity?
[When] will bitcoin reach gold-pound (twelve ozt) parity?
[When] will bitcoin reach gold-kilo-bar parity?

And so on.

jaime

sr. member

Activity: 339

Merit: 250

División de Poderes s.XXI es Descentralización

Hoard, speculate, buy things, transfer value... bitcoin fits all !! it sure will go over $1,000

blueblade123

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Short answer? No. I don't think Bitcoin will never reach $1000. Obviously, it's an opinion, and not a psychic prediction/fact. While it's nice to think that maybe someday it would, I just don't see it happening.

Johnny Bitcoinseed

full member

Activity: 154

Merit: 100

Johnny Bitcoinseed

From what I understand, as of today 40% of the worlds population uses the Internet. That was a pipe dream in 1995, was it not?

I used to tell people about the Internet and they would shake their heads in disbelief and say they would never use it. Hehe. I bet few would admit to that now.

But I know many of you here on this forum were not even born yet in 1995 :-) I was there. And the Internet has changed the way we get media and do business. It is like what the printing press did to scribes. This BitCoin thing has the potential to be that big in the currency world. Think about that.

I am not saying it will. I am saying it has the potential to. That's my opinion an I'm stickin' to it Grin

lambdaE

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Activity: 251

Merit: 250

The Bitcoin advantage is its useability, not just speculative coin, so I believe in bright future of Bitcoin, regardless of the future price

Welsh

staff

Activity: 3290

Merit: 4114

Everyone thinks it's possible, and of course it is. But, we shouldn't really speculate. It could go down for all we know. As long as people keep mining because mining is vital and Bitcoin is still in demand we should be okay and hopefully keep it rising.

Rassah

legendary

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Quote from: msc on October 11, 2013, 12:18:06 AM

Quote from: sealberrder on October 10, 2013, 05:19:48 PM

I believe $1000 is possible if amazon includes bitcoin as a payment method

That's why we need good regulation. So that financial institutions can offer exchange services safely and openly (in the US, that means using ACH rather than wire transfers). And then, so that more retailers will be comfortable accepting Bitcoin and will be able to do it painlessly.

As a result, there will be a lot more people buying and storing BTC, and Bitcoin will still offer a similar level of pseudo-anonymity.

Regulation is almost always done by those who have the most money to buy politicians. In financial regulations, those are banks. So banks are the ones writing and establishing regulations, and then paying politicians to pass it through lobbying and campaign contributions. I kind of doubt that banks will be willing to create nice regulations for bitcoin and bitcoin exchanges. On the contrary, I suspect any bitcoin regulations will likely be of the sort that will make it as difficult as possible for Bitcoin to compete with the established financial system.

TL;DR f*ck regulations. They're primarily used by the powerful to continue to keep themselves in power.

Welsh

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Quote from: shuttleclock on October 10, 2013, 09:26:09 PM

It's possible, but it can goes down to as low as $1/BTC too..

I rather being a little realistic, rather than being too much optimistic.. Grin

At least you respect that it could go down too. Although, if there is still a use and the demand is high for Bitcoin it should continue to grow.

msc

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Quote from: lindeanin on October 11, 2013, 04:28:21 AM

Hopefully you dont want to regulate Bitcoin itselves...
But regulating exchanges is unavoidable

Exchanges, yes. I don't think Bitcoin itself can be regulated in a strict sense. I've been thinking that there will be a problem enforcing income tax on businesses that accept BTC and don't exchange them. But that's no different than businesses that accept cash.

lindeanin

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Quote from: msc on October 11, 2013, 12:18:06 AM

Quote from: sealberrder on October 10, 2013, 05:19:48 PM

I believe $1000 is possible if amazon includes bitcoin as a payment method

That's why we need good regulation. So that financial institutions can offer exchange services safely and openly (in the US, that means using ACH rather than wire transfers). And then, so that more retailers will be comfortable accepting Bitcoin and will be able to do it painlessly.

As a result, there will be a lot more people buying and storing BTC, and Bitcoin will still offer a similar level of pseudo-anonymity.

Hopefully you dont want to regulate Bitcoin itselves...
But regulating exchanges is unavoidable

Topic: will the bitcoin reach $1000 one day...? - page 76. (Read 112632 times)