I'm hoping for parity with gold first then to hit the $1Mill Thinking about it more the currency should always deflate due to lost coins not being replaced (if the popularity stays strong). Since Bitcoin can go to 8 decimal places 0.00000001 that would mean that 1 BTC could be split into 100,000,000 pieces. With a max of 21,000,000 coins being generated (2,100,000,000,000,000 units). If the smallest unit is worth 1cent due to deflation or demand for the coin then 1BTC could be worth $1,000,000. If the numbers start getting out of hand then the alt currency Litecoin could act like converter (0.00000001BTC = 1LTC) thus giving BTC the potential to be worth a lot more. Its prob been said but thanks for letting me get that off my chest. p.s. I understand that there are MANY factors to Bitcoin...etc. but this is just my best case scenario/fantasy
How many btc to buy an average 300k property 12 months from now? I know impossible to know, but interesting to ponder...
I started this thread as kind of on inside joke.... Remember all the "Silver $XX" threads when it went up a dollar But silver is DED and this is a new paradigm baby.. all bow down to your new nerd/hacker/drug dealer overloards walking around worth more than Bill Gates and many small countries in their pockets!
Here's someone's thought on the future. It would be interesting to see it happen Source: Tradingview.com
In the meantime the ones who have been in the game for even 6 months have made an easy x10 on their investment... No risk, no reward.
F - me..I've finally embraced cryptocurrencies in March of 2013. I have to hand it to those who were more pro-active than me and twigged on the invention sooner than I did, when the risks were higher and there were more unknowns. I'm also have to hand it to the guys and girls who got in earlier than I, in regards to taking so much sh*t from the side lines. New people coming into cryptocurrencies like myself surely don't appreciate the path that has been paved thus far. Even I'm starting to tire somewhat from the slagging. Bitcoin was in a bubble when it hit a dollar. Thick skins - yup Phiber - No risk, no reward.
Just to add to that, I like mining company's especially small Australian explorer's. Over 12 months ago I spent nearly 10 K on one alone which has gone nowhere, slightly down if anything, I still like it lot's and think it has great potential but when I compare it with the Tulip mania I regarded BTC with at the time.....wellll Haven't followed the price too closely really but even on just the current chart from MTGOX I think even with the current drop I would be waaaaaaayyyyyyy ahead of where I am now on my mining share of just one company. Source: