A place for cultivating high-quality, open and serious discussions about Bitcoin. Your best source for ideas, discussions, and debate regarding technical, economic, business and political developments about the world's first and best cryptocurrency - Bitcoin. Welcome!
Speculation: When Bitcoin is valued at 1 Million USD
If that ever happens, something tells me that it is actually bad, there will be a new class of millionaires/billionaires but won't that result in such a USD devalution that would make the Million dollar valued like a $200,000 making it harder to buy a house as that will be priced accordingly? Change my mind.
06-26 12:24 - 'Investment Guru Jim Rogers: The Value of Bitcoin Will Drop to Zero The investment guru who said #Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In...' (i.redd.it) by /u/Randy_hill removed from /r/Bitcoin within 23-33min
QuietGrowth maintains that investing in bitcoin is measured speculation. Bitcoin is yet to prove to be a dependable store of value. ~35% drop in value during current market volatility due to corona virus outbreak isn't helping the case of bitcoin.
03-19 13:25 - 'Companies and industries produce goods for the want of dollars or other currencies it gives them value, and the dollar is backed by authority. / Bitcoin is a tool of speculation nothing more!' by /u/CreepyCranfield9 removed from /r/Bitcoin within 432-442min
03-18 12:45 - 'Oh I see because it keeps going up indefinitely to supply the extra cash economies need, so based on that fact why does it go up forever as it does not produce value. / I can only imagine the speculation is it’s long...' by /u/CreepyCranfield9 removed from /r/Bitcoin within 123-133min
''' Oh I see because it keeps going up indefinitely to supply the extra cash economies need, so based on that fact why does it go up forever as it does not produce value. I can only imagine the speculation is it’s long term model for price rises and that’s worse than the fiat system and the banks we have today. ''' Context Link Go1dfish undelete link unreddit undelete link Author: CreepyCranfield9
03-15 15:45 - 'There is no value in Bitcoin because it’s not used in any meaningful way, that’s why it’s price gains and falls are all linked to speculation. / So I reiterate for you that I find no meaningful value in Bitcoin.' by /u/CreepyCranfield6 removed from /r/Bitcoin within 202-212min
Some rough math about the non-speculative value of Bitcoin
Let's say right now about 10 mln people use Bitcoin every day, and they need to hold about $100 in Bitcoin to spend and replace. Then the ~20 million Bitcoins can be divided by 2 per person. If 2 bitcoins cost $100, then the current price should be $50 per Bitcoin. Everything else is speculation and manipulation. The end goal is that 10 bln people use Bitcoin. If they only spend and replace, that means each person has (20 mln / 10 bln = ) 0.002 Bitcoins. If 0.002 Bitcoins cost $100, then 1 Bitcoin costs $50k. We are talking decades into the future here, and that price is pretty close at what we currently have for BTC. BUT what if at that point people use Bitcoin for savings? That's the end goal we are all looking for here. It will probably come only after many years, world wars, and a complete world reorder. So, at that point let's say each person holds about $10k in savings on average. Then those 0.002 Bitcoins per person make 2 Bitcoins worth $10 mln or 1 Bitcoin worth $5 mln. (Predictions of Bitcoin being worth $1 mln in 2020??) Bitcoin currently is waay overpriced, unless you're 100% sure it's going to get to that final phase (a.k.a speculating). And if you are betting that much on the crippled BTC chain, I'd say those are pretty slim odds.
11-12 15:54 - 'It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop us...' (v.redd.it) by /u/Nelsontunker removed from /r/Bitcoin within 210-220min
CMV: The rise in cryptocurrency valuations (bitcoin, ethereum, etc) is a bubble and has no value to return to investors other than speculative gains.
Bitcoin and non-Bitcoin cryptocurrencies or crypto-platforms (altcoins) have seen a crazy rise in total value, at $156 Billion, up from $20 Billion this Jan. A few of the coins seem to have value or product, but the vast majority do not. Bitcoin itself is hardly used as a currency, its actual intended use. Given that there appears to be no way to ascribe valuations to the coins that traditional assets classes use (revenues, dividends, profits), all values that investors pay for the tokens have no basis whatsoever, and therefore aren't worthy of investment. There are similar traits to the crypto markets as the dotcom boom, including people throwing money at new coins when they have no idea what they actually do. Currency valuations tend to be this loop of "cryptocurrencies are worth what people will pay for them", which means that there value is essentially limitless to infinity, and doesnt't give me any confidence. On the flipside, blockchain technology is truly revolutionary for some items, including record keeping and sending currency instantly and for free, and for document auditing. Cryptocurrencies also makes sense, if the price stables eventually, for money storage, over gold. That said, investors are throwing money at crypto markets in increasing amounts, but most of the coins, outside of something like Euthereum, promise nothing in return except the promise of high returns due to speculative increase, just like the dot-com boom. This is either the biggest bull market we will see in our lifetimes, or one of the biggest bubbles. I know similar questions have been asked, but mine pertains more to the altcoin and crypto market as a whole, not just bitcoin.
Bitcoin SV does not need support from @coinbase or any other exchange to be successful. How is that? Because its value can come from being a commodity ledger. That has nothing to do with exchanges & speculation, and everything to do with attracting business use through scale. serpent rider @blogz
Bitcoin isnt "investing", its speculation. Can we stop using that word. Commodity traders don't invest, they speculate, because the intrinsic value isn't determined by fundamentals. Its just wrong to say so.
Just saying it is technically wrong to throw this word around and dupe young people into thinking they are actually investing when they are indeed speculating. And there is no such thing as a commodity investor (versus commodity/FX trader), unless you count a guy who buries gold or cash in his backyard for the end of days.
Bitcoin skeptics often used the intrinsic value argument to denounce bitcoin’s survivability. Unfortunately, the bitcoin is a purely digital existence, thus making it free from the restraints of the physical world. It does not need to be inherently valuable like gold and neither does it need special rights granted by others to make it a fiat money. Though that may seem like an explanation ... Speculation: Bitcoin could reach $250,000 in 2020. By Lutpin - June 12, 2017. 298. 1. SHARE. Facebook. Twitter. tweet . If a person who spent $10 back in 2010 to buy a pizza invested that money on Bitcoin, he would become a millionaire having $10 million by now. This fact clearly explains the price hike of Bitcoin. Digital currencies are considered as the future ad they are gradually in the ... As @100trillionUSD suggested in 2019 through Modeling Bitcoin Value with Scarcity, “The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of $55,000. That is quite spectacular. I guess time will tell, and we will probably know one or two years after the halving, in 2020 or 2021. A great out of sample test of this hypothesis and model.” Bitcoin: Spending On Speculation. By. Nicholas Juhle - Jul 15, 2019, 12:58 pm. At over $12,000, Bitcoin (BTC) has more than tripled in value this year garnering renewed attention from the investment community, mainstream media, and the general public after a dramatic 1,700% rise (and subsequent fall) in 2017/2018. Our position is simple: while the technology underlying digital currencies ... The famous Bitcoin Cash advocate, Roger Ver, formerly known as Bitcoin Jesus, recently compared the two cryptocurrencies, pointing out that Bitcoin gains value based on trader speculation, while Bitcoin Cash does so based on user adoption. He made this comparison in a tweet published on April 9, 2020, just after the first halving of the cryptocurrency; an event that had negative consequences ...
Bitcoin Speculation. All about Bitcoin, Litecoin and digital currency!
Investment Bitcoin. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next video is starting stop ... Bitcoin Price Drop Speculation, LTC HTC, Binance KYC Hack & The Bitcoin Shield ... Bitcoin Live Trading. Bitcoin Price Live. Trading BTC USD With Crypto Trading Robot DeriBot Deribot 283 watching ... Bitcoin Price Speculation ALONE Fuel Enough to Blow Past All Time High's ... BITCOIN GOLDEN CROSS - OPPORTUNITY OF LIFETIME (btc crypto live news price analysis today ta - Duration: 54:15. Crypto ... Bitcoin is like digital Gold and Litecoin is like digital Silver. For more infos visit bitcoin.com bitcointalk.org forum.litecoin.net Longtime hedge fund manager Paul Tudor Jones said Monday that he believes Wall Street could be witnessing the historic "birthing of a store of value" through...