http://ounce.me Measures the price of BTC vs Gold/Silver/etc. I think it's pretty cool - most won't considering how many ounces of silver you can buy for 1 BTC now. Can't wait to see it at 1:1 with gold... :lol:
Wasn't all that long ago people on this forum were amazed when 1 BTC = 1 oz of silver. Now you can by 5+ oz with one BTC. BTC rocks. Can't wait till 1 BTC = 1oz of gold.
Through some business partnerships I have some boots on the ground knowledge of how bitcoin is being adopted in Malaysia, Taiwan, and China. They're just getting started, and the amounts of money that will flow into bitcoin will be staggering. After talking with these guys I have no doubt 1 BTC will equal or exceed the price of 1 oz of gold.
You might be waiting a while, too many people will want to cash out BTC to pay off their ASIC's for the rest of the year. After that, who knows - but I don't personally think $1000 per BTC is impossible.
Interesting. So you're saying Gold will be $120/oz soon? :lol: Sorry. I know what you mean though. I am tempted to sell some of my Bitcoins, but at same time, it looks like it's destined for better things.
It doesn't even have to be "staggering" for bitcoin to experience enormous gains. Remember that bitcoin's market cap is only ~$1.3B. That's virtually nothing. If bitcoin continues to exist, tens of billions would still be a pretty trivial capitalization in the scheme of things, and that implies at least a tenfold price increase. My personal opinion: bitcoin either completely fails (less likely as time goes by and more VC money pours in), or price exceeds $1500/BTC in 5-10yrs.
...and that is assuming all coins still exist. Imagine how many have been lost forever over time due to HDD formats and crashes etc. I would think the actual MC is under a billion, there are a lot of stories out there about people losing coins forever, especially back when they weren't worth much.
