will the bitcoin reach $1000 one day...? - page 77.

msc

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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.

shuttleclock

newbie

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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

sealberrder

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

Peter R

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Quote from: gripflierGO on October 10, 2013, 04:45:00 PM

You must understand how many people want to profit from price increase

The beauty is that early adopters can "profit" without ever selling for fiat, should bitcoin become more widely adopted.

gripflierGO

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Quote from: Johnny Bitcoinseed on October 10, 2013, 04:00:40 PM

When you think about it, the world is a very big place with something more than 7,000,000,000 (seven billion) people.

According to my calculations, that equals only 3/1000ths of a bitcoin per person. (.003 of a bitcoin).

If BTC were to go mainstream and be used throughout the world for transactions, even just 1% of transactions, a BTC could become worth tens of thousands of dollars.

I like $50,000. That would make 21 million btc worth a total of 1 $Trillion, a nice round sum :-)

Of course, speculation and pipe dreams. I remember the Internet of 1995 - many people I talked to about the Internet just didn't get it. They get it now!

$1,000 is reasonable in x years, but $50,000 is pipe dreams. You must understand how many people want to profit from price increase

geofflosophy

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Quote from: Taras on October 10, 2013, 01:01:23 PM

What can the individual do to help standardize bitcoin?
Or should we start a few documentaries and pick up air time?

Spending coins is the best way for the individual to contribute. Make it a competitive advantage for companies to accept bitcoin, and they all will. Even if you just spend your coins and instantly replace them by buying more on Coinbase or your preferred exchange, this is the best way to get attention to the currency.

Valerian77

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Activity: 437

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Quote from: Johnny Bitcoinseed on October 10, 2013, 04:00:40 PM

When you think about it, the world is a very big place with something more than 7,000,000,000 (seven billion) people.

According to my calculations, that equals only 3/1000ths of a bitcoin per person. (.003 of a bitcoin).

If BTC were to go mainstream and be used throughout the world for transactions, even just 1% of transactions, a BTC could become worth tens of thousands of dollars.

I like $50,000. That would make 21 million btc worth a total of 1 $Trillion, a nice round sum :-)

Of course, speculation and pipe dreams. I remember the Internet of 1995 - many people I talked to about the Internet just didn't get it. They get it now!

This is a very inaccurate speculation - more a believe or wish:
- not everybody has access or advantage of BTC
- who says that BTC goes mainstream - maybe it does not
- maybe the market for cryptocurrencies will widen up and other currencies will be on the same level
- "1% of transactions, a BTC could become worth tens of thousands of dollars" - two unknown numbers combined to a third one Huh

- maybe it will take 10 years until the market for cryptocurrencies settles
- ...

Johnny Bitcoinseed

full member

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Johnny Bitcoinseed

When you think about it, the world is a very big place with something more than 7,000,000,000 (seven billion) people.

According to my calculations, that equals only 3/1000ths of a bitcoin per person. (.003 of a bitcoin).

If BTC were to go mainstream and be used throughout the world for transactions, even just 1% of transactions, a BTC could become worth tens of thousands of dollars.

I like $50,000. That would make 21 million btc worth a total of 1 $Trillion, a nice round sum :-)

Of course, speculation and pipe dreams. I remember the Internet of 1995 - many people I talked to about the Internet just didn't get it. They get it now!

desired_username

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Quote from: Rassah on October 10, 2013, 10:51:22 AM

Quote from: netsurf83 on October 10, 2013, 08:37:30 AM

I doubt it. I think its all time highs were pure hype, I cant see 1 bitcoin being worth $1000.

It's all time high of $33 was pure hype back in 2011 when it dropped down to $2.50.

Most people said the same for every single price point bitcoin reached and passed.

I heard the following many times: bitcoin will not worth 10, 25, 50, 75, 100.

I think you have serious misconceptions on how something get it's value. ;-)

Taras

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Please do not PM me loan requests!

What can the individual do to help standardize bitcoin?
Or should we start a few documentaries and pick up air time?

Rassah

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Quote from: netsurf83 on October 10, 2013, 08:37:30 AM

I doubt it. I think its all time highs were pure hype, I cant see 1 bitcoin being worth $1000.

It's all time high of $33 was pure hype back in 2011 when it dropped down to $2.50.

netsurf83

newbie

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I doubt it. I think its all time highs were pure hype, I cant see 1 bitcoin being worth $1000.

Valerian77

sr. member

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Quote from: ?? on ??

I think it's possible and it should do so. Wait for someone to invest a billion or two Cheesy

Bitcoin is a very good example for a currency which simply reflects the market size plus investor speculation. If the market grows - and it will - BTC will go up automatically. Nobody is stupid enough to invest a billion in BTC as a single investment and speculation. But as market participants start to pay more and more goods in BTC and rebuy the paid BTC on the currency market then it will have an effect on the price.

Johnny Bitcoinseed

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Johnny Bitcoinseed

Of course it will - because the dollar will one day be worth close to nothing.

oyeTorry

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Who knows maybe it wont when so many are waiting now for profit. Stable price is more interesting Bitcoin future

NickNick

newbie

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Quote from: saif92 on October 08, 2013, 07:34:10 AM

yes I sure its must happen very soon in future because bitcoin is future

Must become "present" one day though...

saif92

sr. member

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yes I sure its must happen very soon in future because bitcoin is future

erik89

newbie

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One can hope! The rise from 0.63$ or so was amazing and I sorely regret not buy a ton of them when they were around that price. Hopefully they keep going up in value even after current events as in silkroad getting shut down and so. That the it crashed down quite a bit but its up to normal again

600watt

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Quote from: Valerian77 on October 08, 2013, 04:43:51 AM

Two points:

1. After Bitcoin has not suffered from Silkroad shutdown and Bitcointalk forum shutdown I am more than convinced that it is on its way to high values

2. Nobody can predict when people start to deal BTC on the next scale eg. 1 BTC = 1000 EUR. But after the mentioned last events I think this may be pretty fast.

i agree. bitcoin is astonishingly stable. reminds me of this golden rock...

(sry, couldn´t resist posting it again)

Valerian77

sr. member

Activity: 437

Merit: 255

Two points:

1. After Bitcoin has not suffered from Silkroad shutdown and Bitcointalk forum shutdown I am more than convinced that it is on its way to high values

2. Nobody can predict when people start to deal BTC on the next scale eg. 1 BTC = 1000 EUR. But after the mentioned last events I think this may be pretty fast.

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