this is the rub. the higher in price it goes, the more incentive for massive fraud, & the greater chance that the G8 bans it as it does damage to more & more people. its just too easy to set up a merchant site then disappear with thousands of coin. This will not just go away like BTC longs expect. high prices will increase fraud, not cut it out.

so its fate ultimately resides in what the US & european regulators do. China & russia have already moved against it. Should there continue to be more goxes & silk road 2s disappearing with tens/hundreds of millions of dollars, the G8 is gonna drop the hammer & forbid banks from sending $$$ to exchanges.

& since the supply of coins are so limited, & cannot be managed, its impossible for it to be a currency because it will be too volatile. if you dont understand why, educate yourself on currency economics, & supply vs demand for money.

so its price will depend mostly on when the feds get tired of all the scams & forbid banks from dealing in it. its hard to predict when that will happen. But zero is the most likely outcome.

:2 cents:

I doubt if it will survive, but I'm sure something else will take it's place:2 cents:

Extinct

eightchar

this was just a thread to guess a price Mr. Longwind

Thought you said you were done talking about bitcoin and were going to just focus on your website (cool vintage '98 site by the way)

What about my question?
Will the winner be just the first one to guess correctly or will you split the prize to all who guessed correctly?

0.01 :1orglaugh:1orglaugh

yes.... :D

:thumbsup

see the hypocrisy? i doubt you can. but its OK you've made dozens of retard comments that can be bumped when bitcoin reaches its true value. comments like...

funny considering BTC took a shit when china banned it...but regulators cant do anything to hurt it LOL.

in 5 years you will not be on this board cause you'll be so butt-hurt from your losses. A big dose of humility is coming your way.

i do thank you for checking out my 1998 site. even my crappiest marketing efforts draw eyeballs.

:)

I addressed that earlier:

All winners will get rewards!

Fitty extinct BTC's :Graucho

Joshgirls - take your meds and focus on your vintage site man. RELAX BRO

China banned it and it took a shit - hahahahahaha

China didn't "Ban" it and the regs they put in place HELPED BTC - It went down a bit to 950 and stayed there for over a month...

The Chinese jumping into BTC was creating a bubble that corrected itself when the positive action of regs went into place.

http://www.cnbc.com/id/101333871

Missed that, sorry :upsidedow
In that case, put me in for 0.00$ as well :2 cents:

And I would not mind dollar payment tanked or not as blowjobs are expensive to deliver :1orglaugh

Mineistaken is down for 0

Looks like I might have to shoot a big blow bang scene/turkey cookout at my studio if BTC craps out...Turkey and Blowjobs for all!!!

I concur.

Got the Unibomber in for a big goose egg too!

Dude I hear there are cabins selling for BTC - you sure man?

http://fitsnews.com/wp-content/uploa.../unabomber.jpg

$4712 I guess.

Nexcom steps up big :thumbsup

$2679.87

After doing the math to figure there will always be a lot of money in bitcoins from people who forgot, lost them, died, in jail or stolen and not even knowing about them. Plus all the people who will go down with the ship I don't think they will ever go below 100 bucks and Oct this year they will be 2500 and in five years 6239.19

How does that add to higher price of btc? Btcoins are and must be in someone's wallets despite the price..

Deep Brian....deep

$750

8char

in 5 years Bitcoin will be valued at over $50,000 each.

The Singularity will obviate all forms of currency.

$1,500


Is it bitcoin value going up or dollar value going down in 5 years.

We have a winner :thumbsup

good call man - In the interest of being specific I'm going to put you down for 50,001 USD

$42,000

hedge guess!

me and jfk are lovers

If you are closest you should ask him to send you one btc.

I like the cut of your jib!

About the same value as Flooz: $0

The US Govt would shut it down and/or tax it long before it ever got to that point, making it the same value as cash. Or sending it underground making it illegal and no one professional wants to deal with illegal currency.

What does the US have to do with anything - just exactly how can the US make Bitcoin "Illegal"?

and the "same value as cash" sorry but thats just kookoo for coco puffs

uh huh
http://news.cnet.com/8301-13578_3-57...an-on-bitcoin/

It's hard to say if btc will retain it's authority. Bitcoin transactions are slower and cost more in fees than existing alts. So, it could be replaced by a new coin because of that.

It's nearly impossible to say what will happen in 5 years. On one hand, I can't see bitcoin ever being worth zero. Pennies perhaps, if regulations make it useless, but never $0. On the other hand, block rewards will half by then and I think the volatility will level out. I would guess the price hovers around $400 once that happens.

I pulled one more sentence out of my ass. I think it tops out at around $4000 each some time in 2017 and comes back down to today's level after a new alt gains authority.

ok so.....$580.90 USD? (Preev current)

and c'mon - regulations make it useless? (can only make it stronger my man)

$400

I think any regulation that makes it harder to get fiat in and out of crypto will be detrimental.

ok 400 it is

and I could not disagree more with your reg opinion...

You do realize its the lack of regs and the uncertainty that that brings is keeping trillions of dollars of hedge fund money out...ANYthing that legitimizes/taxes it..the Wall Street floodgates will open up.

I have not heard that Chuck Norris bought any bitcoins, so while I agree that virtual currency will be important, bitcoins on this day in 2019: >$10 but < $30.

You know what IS depressing? bitcoins could go up to $50,000 like you .... well, let's call you "wildly optimistic" fellows think it will, and it still will be 1/20th of the $1 - $1000 rise between 2011 when this board started talking about it and the last top.