How high can Bitcoin go?

Discussion in 'Business & Economics' started by Saint, Nov 7, 2017.

  1. Saint Valued Senior Member

    better buy Gold than bitcoin
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  3. Michael 345 New year. PRESENT is 69 years old Valued Senior Member

    Amen to that

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  5. RainbowSingularity Valued Senior Member

    gold hasnt had any large movement for a while.
    probably because most of the big speculators have been making their money in other things.
    with chinas growth rate now running around 50% of what it was 2 years ago, and the usa china trade war, bit coin being clearly warned as an easy way to lose your entire familys life savings...
    consumer markets cooling off.
    it would not surprise me if gold showed some small gains as people sought to balance out some losses by buying gold for small steady long term balance.
    though at any time some big company could go and dump all their gold to upset the market or buy up big to try and spike a run etc...
    such is the casino
    its all gambling
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  7. mathman Valued Senior Member

    Latest price $3641.06 (Dec. 27, 2018). Was $6339.17 (Nov. 12, 2018). $14,398.70 (Dec. 27, 2017).
  8. exchemist Valued Senior Member

  9. iceaura Valued Senior Member

    All the cryptocurrencies so far are based on mining electrical power. They have become a significant contributor to AGW thereby. If that doesn't change, any serious effort to curb the CO2 boost behind AGW, to slow it down, will involve forbidding - or at least curbing - new production of bitcoins and the like.

    At that point, the difference between a currency and a commodity will come into play - scarcity of cryptocurrency will not necessarily drive its price up, being as likely to make it useless as more valuable.
  10. mathman Valued Senior Member

  11. RainbowSingularity Valued Senior Member

    with all the constant drama being made between east & west,
    being able to back up something with tiny low risk bit coin sales is probably like a K-Mart idea(low cost low profit high volume low risk).
    as long as they can sit in the middle as a carrier and clip the ticket a tiny bit and all the trades are small and easy for the buyer & seller to write off.
    its a great idea.
    market saturation of cheap products is probably at an all time historic high.
    trading in cheap low cost low priced products is probably going to increase to leverage against unrealistic inflation costs against currency.

    if you are going to work a field to plant potatoes you dont ignore mushrooms you pass along the way. you collect them
    bitcoins are the mushrooms.
    ISP service and networking hubs is the potatoes.
    "extracting value" vs investing in risk is a completely different concept.

    bitcoin is a headline
    trending dream
    golden ticket

    the next big thing is likely to be a multi currency cypto card value which is traded between different crypto exchanges backed against online gamers spending via registered legitimate accounts in big banks & big credit card companys.
    being able to convert part of that value to an online form that creates its own micro money-go-round would be good for the industry as long as its regulated to prevent spiking & dumping and credit loading/shorting etc
  12. Q-reeus Valued Senior Member

    A recent post - #86, re energy costs of crypto mining, was clearly oblivious to my #62. Inertia and entrenched interests are delaying the inevitable demise of inherently wasteful and poorly scaling blockchain tech.
  13. mathman Valued Senior Member


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