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A Glimpse into the Future of Bitcoin

Discussion in 'CryptoCurrency' started by Tosmekop, Feb 15, 2014.

  1. Tosmekop

    Tosmekop Supreme Member

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    In the year 2014, 1 Bitcoin will be worth approximately $1,455.
    In the year 2015, 1 Bitcoin will be worth approximately $5,862.
    In the year 2016, 1 Bitcoin will be worth approximately $12,652.
    In the year 2017, 1 Bitcoin will be worth approximately $28,328.
    In the year 2018, 1 Bitcoin will be worth approximately $56,812.
    In the year 2019, 1 Bitcoin will be worth approximately $413,067.
    In the year 2020, 1 Bitcoin will be worth approximately $1,000,000.
    ...
    In the year 2035, 1 Bitcoin will be worth approximately $1,000,000,000.


    Cryptocurrency shall be the very fabric in which the "middle-class" will be destroyed.
    Many cryptocurrencies will be worth a far greater amount than will ever be seen by a dollar.
    In fact, all dollars and other forms of currency will either be owned in bulk (collected by the wealthy enthusiasts) or none (by the poor).

    Because within the next ten years, the price of the Bitcoin, and several other cryptocurrencies, will be so far out of reach for most people,
    they will have no choice but to turn in the dollars they do have, in exchange for digital currency, as major corporations will no longer support the physical currency.

    Grocery stores will no longer accept physical currency, for example, and if you don't pay them via digital, you're likely to starve.
    There will be digital gangs, and crime will be less about violence, and more about theft.

    Major corporations, that own skyscraping buildings, will run petaHash/s (and eventually exaHash/s) setups at the base of their buildings.
    Building such machinery, will become one of the most lucrative jobs that a low-level investor could have.

    All forms of cryptocurrency will be accepted everywhere, except for very small minority of rebel farmers that don't believe in going digital.
    Even the now famed, Dogecoin, will hold a little value, though it will be nothing like it will be, in late 2014/early 2015, when it reaches its peak.
    Doge will, for the most part, go the route of Tickle Me Elmo, Slinkies, My Buddy, Beanie Babies, and the likes..
    It will have a very strong 2014, and perhaps a good 2015, but I don't see it lasting as strong, much longer than that, though it will always be respected, favored, and remembered in high regards, as one of the most influential of the cryptocurrencies. It's language will live on for decades to come (you have been warned).
    By the end of this year, Doge will be mainstreamed, and will be HUGE!
    But, when we're in 2017, and everyone's trying to get ahold of [coin removed], people will still use the [then] old, but modified phrase, "[coin removed] makes much rich!", as well as other similar phrases.

    Within the next few months, the price of the Bitcoin will drop to as low as mid-to-high $2xx/low $3xx. When this happens, it will be time to BUY, because such prices will NEVER be seen again, and next year, you WILL kick yourself, for not investing. Pay very close attention to my warning, for it will be your last!
     
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  2. f0rest00

    f0rest00 Regular Member

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    hey m8 it looks like you took these calculations from a WSO...
     
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  3. Tosmekop

    Tosmekop Supreme Member

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    I don't go anywhere near the Warrior Forum. It's too much of a cyberholy place, with its 99% population of gurus.
     
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  4. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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  5. Numbuh362

    Numbuh362 Elite Member

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    Bitcoin worth $1,000,000,000? Sure I can see this happening :top:, like during the weimar hyperinflation when $1 was worth over 4,000,000,000,000 marks.
     
  6. Tosmekop

    Tosmekop Supreme Member

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    80%+ of the world will get connected, when they have no choice but to do so.
     
  7. phirex

    phirex Power Member

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    OK, Can you also tell me what will be the name of my wife, and how old am i going to be when i die?
    I'm well invested in cryptocurrencies but i dont think you should make such assumptions, what are they based on?
     
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  8. rlloydevans

    rlloydevans Newbie

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    Bitcoin will be worth zero of they can't fix the security problems. $2.9 million USD lost to hackers this last week through security hole in Bitcoin protocol that has not been fixed in 6 weeks. SIX WEEKS?????? Three exchanges not allowing withdrawals.

    Actual value of a Bitcoin at this moment is about $0.36 until security can be fixed, IMHO.
     
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  9. MadStacks

    MadStacks BANNED BANNED

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    Markets reset and you are basing your predictions on the USD and Gold standard which fluctuates.
    No way in hell to make those predictions.
     
  10. TheUnborn

    TheUnborn Elite Member

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    I will definitely invest into this
     
  11. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    There will be maximum 21 million bitcoins in circulation. If your calculations were anywhere near correct, 21 million x 1 billion per coin would be a global market cap of 21 trazillion dollars.

    Clearly this means you should invest in DOGEcoin instead ;)
     
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  12. SyZygy

    SyZygy Senior Member

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    I see... I see a Croatian wife, and I see 90 years of life, covering your bread with a butter knife ;P

    Back on topic, I doubt the numbers.
     
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  13. Tosmekop

    Tosmekop Supreme Member

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    Which won't happen into well into the next century.
     
  14. stacy666

    stacy666 Junior Member

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    All this BitCoin thing looks like that Wolf Of WallStreet movie, but instead of stocks there's BitCoins.

    :cat3:
     
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  15. trustar14

    trustar14 BANNED BANNED

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    But now a days Bitcoin worth going down
     
  16. Tosmekop

    Tosmekop Supreme Member

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    This is very true. It will go down for a while, while the rest of the world is just now learning about such a powerhouse form of currency. Speculation will hit its peak, very soon. This will be the prime time to buy, if you're at all serious about making money.
     
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  17. Patel

    Patel Senior Member

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    I think this year we will see 10k, not fully stable, but it will reach 10k just like it reached 1k in 2013. 2015, I think we will see stable 10k.

    At 10k, still only a 130billion market cap. Which is relatively small for a financial platform which can accomodate global markets.

    The bitcoins themselves are just units of measurement. Similar like tokens to add your entry into the ledger. Each unit (0.00000001) can represent any amount.

    The one thing which is lacking right now, which will awaken the bulls is a trustworthy, US based, regulated with money transmitter licenses in all states, exchange. Which is/are being developed as we speak. As soon as that goes live, the market cap will increase many fold.

    edit: opinions are mine, for educational purposes.
     
    Last edited: Feb 15, 2014
  18. davids355

    davids355 Jr. VIP Jr. VIP Premium Member

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    I would like to think bitcoin will stick around, but really I have no idea.
    it seems strange that a bitcoins value will keep increasing so dramatically - it makes using it as a currency seem awkward- unless they bring out smaller denominations?
     
  19. Shadexpwn

    Shadexpwn Jr. VIP Jr. VIP

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    When you can no longer mine bitcoins I think the price will rise a bit. Not to the extent of 1m by 2020, but at least to 10k per coin. It will take a long time to be able to reach a peak that high. As more service providers accept bitcoin as a currency, it's value will be expected to rise. Fiverr just recently announced they accept bitcoin as a currency to purchase gigs so that might add a bit of value to it.

    Shadexpwn
     
  20. Patel

    Patel Senior Member

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    There have been smaller denominations from the start, each coin is divisible into 8 decimal places. 0.00000001 being the smallest. Like gold, you don't always have to buy a kg of it.
     
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