will the bitcoin reach $1000 one day...? - page 94.

Singlebyte

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Quote from: Rassah on September 01, 2013, 04:45:28 PM

Quote from: CoinsMiner on August 31, 2013, 11:48:03 AM

Yes, it will hit $1000 one day when the price of a burger will be $500. lol

A burger is about $2 bucks. Twice that is $4 bucks. Are you saying Bitcoin will go from $120 down to $4 in value terms?

Your logic is sound. But as I am surely you are aware, he was just pointing out that inflation will raise the value of everything over time. Obviously the dollar ratio was not factored into his post. But you definitely reveal an interesting observation.

Rassah

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Quote from: CoinsMiner on August 31, 2013, 11:48:03 AM

Yes, it will hit $1000 one day when the price of a burger will be $500. lol

A burger is about $2 bucks. Twice that is $4 bucks. Are you saying Bitcoin will go from $120 down to $4 in value terms?

mprep

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Quote from: marcovaldo on September 01, 2013, 02:48:07 PM

Quote from: indigenous on September 01, 2013, 10:58:25 AM

History of bitcoin price tell us that, it will hit $1000 any day. But not soon.

Why?
I don't see any reason why it should.
Nor it should not.

Bitcoin might fail before reaching 500 usd.
It's still a beta.

Well bitcoin actually was only developed as a proof-of-work. It wasn't optimized for public use. That is why there's usch a huge blockchain size, why it takes so long to download it and why the transaction take pretty long to confirm (the funds in them to be ready to use without any problems).

Wekkel

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yes

Quote from: marcovaldo on September 01, 2013, 02:48:07 PM

Quote from: indigenous on September 01, 2013, 10:58:25 AM

History of bitcoin price tell us that, it will hit $1000 any day. But not soon.

It's still a beta.

it works and for the foreseeable future, it's leading.

marcovaldo

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Quote from: indigenous on September 01, 2013, 10:58:25 AM

History of bitcoin price tell us that, it will hit $1000 any day. But not soon.

Why?
I don't see any reason why it should.
Nor it should not.

Bitcoin might fail before reaching 500 usd.
It's still a beta.

Lauda

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Terminated.

Quote from: nobbynobbynoob on September 01, 2013, 09:19:50 AM

Quote from: Lauda on September 01, 2013, 05:09:54 AM

You just need 1 whale like investor that is going to invest half a billion and there we go.

Pretty much, we might be at $5k+ (under 200 µBTC/USD) after such an event, but the trouble is, the mechanisms for such a trade aren't available in Bitcoinia... yet.

Well one day. Investors have a ton of money (the big ones), once they focus on BTC it will skyrocket.

DoNotMineD

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I don't think it will happen soon.

AlmostThere

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If the popularity would stay on the current level (which it won't) and the inflation would be about the same as it was in the past 50 years, it should take about the same time again. But more likely it will either die or skyrocket in value much higher.

indigenous

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History of bitcoin price tell us that, it will hit $1000 any day. But not soon.

nobbynobbynoob

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Annuit cœptis humanae libertas

Quote from: Lauda on September 01, 2013, 05:09:54 AM

You just need 1 whale like investor that is going to invest half a billion and there we go.

Pretty much, we might be at $5k+ (under 200 µBTC/USD) after such an event, but the trouble is, the mechanisms for such a trade aren't available in Bitcoinia... yet.

xxjs

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Quote from: Welsh on September 01, 2013, 07:02:13 AM

Quote from: Lauda on August 29, 2013, 02:27:45 PM

Quote from: Welsh on August 29, 2013, 02:22:59 PM

If it does. This thread will be in history. I'll bookmark it just in case.

So I might become famous?

I don't know about famous. But, people may be reading this thread in a couple of years. Thinking, these guys predicted it.

Nobody cares about past predictions, espesially when they turn out to be right.

Lauda

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Terminated.

Quote from: Welsh on September 01, 2013, 07:02:13 AM

Quote from: Lauda on August 29, 2013, 02:27:45 PM

Quote from: Welsh on August 29, 2013, 02:22:59 PM

If it does. This thread will be in history. I'll bookmark it just in case.

So I might become famous?

I don't know about famous. But, people may be reading this thread in a couple of years. Thinking, these guys predicted it.

Well yes, I want to be famous then *_*

Welsh

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Quote from: Lauda on August 29, 2013, 02:27:45 PM

Quote from: Welsh on August 29, 2013, 02:22:59 PM

If it does. This thread will be in history. I'll bookmark it just in case.

So I might become famous?

I don't know about famous. But, people may be reading this thread in a couple of years. Thinking, these guys predicted it.

Lauda

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Terminated.

Quote from: doldoltom12 on September 01, 2013, 05:08:51 AM

It's no longer a question about the the value of bitcoin rather than the value of the dollar, if there is too much dollar in the market, and the demand on bitcoin raised, then it could even go further than 1k, Although this is a possibility it's unlikely to happen soon.

You just need 1 whale like investor that is going to invest half a billion and there we go.

doldoltom12

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It's no longer a question about the the value of bitcoin rather than the value of the dollar, if there is too much dollar in the market, and the demand on bitcoin raised, then it could even go further than 1k, Although this is a possibility it's unlikely to happen soon.

Lauda

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Terminated.

Quote from: CoinsMiner on August 31, 2013, 11:48:03 AM

Yes, it will hit $1000 one day when the price of a burger will be $500. lol

That is illogical.

CoinsMiner

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Yes, it will hit $1000 one day when the price of a burger will be $500. lol

GpuWorks

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You have to mention any target. $1000 is not impossible after 50 years. The price of every item is increasing every year.

Lauda

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Terminated.

Quote from: Wekkel on August 29, 2013, 03:08:23 PM

If BTC cannot reach $1000, it would have lost investor appeal already. I want to believe Shocked

I doubt that. BTC is just trending up slowly.

Wekkel

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yes

If BTC cannot reach $1000, it would have lost investor appeal already. I want to believe Shocked

Topic: will the bitcoin reach $1000 one day...? - page 94. (Read 112647 times)