And so we refresh the page on our model and we look at just sort of these big markets.
Sprott CEO On Bitcoin: ‘It Could Go To $100,000… Or $0
I hope it really begins to help you understand the possibilities of Bitcoin in terms of price.So, we have to make assumptions about velocity, we have to make assumptions about transaction volume, we have to make assumptions about supply, assumptions about how many folks are going to use Bitcoin as a store of value or look at it as a medium of exchange.If we knew the price of Bitcoin was going to be higher next year, well, the price today should go up.Negative reactions from established power structures will eventually be tempered by a growing business community that makes use of the new currencies and pushes back with lobbying dollars, but that will probably take time.I believe that virtual currencies in some measure will become an extremely important part of future commerce and many people will make a fortune investing in new infrastructure with the right technology at the right time.
GOLDMAN SACHS: Bitcoin could see a big drop then surge to
If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a...Opening accounts on line and storing dollars or Bitcoins in on-line wallets is fraught with risks.And it turns out that liquid Bitcoins are always much, much less than the M1, which is all the current extinct Bitcoins.If you store all your Bitcoins on your own laptop then you are safe from online troubles, but you are not safe from your laptop being hacked, or from it being stolen, or from data corruption.I purchased coins on MtGox, one of the popular exchanges, in early 2013.And so the market value of Bitcoin must be enough to support transaction volumes.Many people are saying that this is a bubble, or a Ponzi scheme.At the moment, the Bitcoin infrastructure is the most well developed, with a sufficient number of businesses set up to transact between regular currencies and Bitcoin, and a growing number of merchants accepting payment using this method.
In recent weeks Bitcoin has surged repeatedly, smashing records over and over again.
Bitcoin: How High Can It Go?, 1646 | Bitcoin News and UpdatesBut again, recently -- very recently, you can now short Bitcoin, which basically means you loan Bitcoins today, you sell them immediately for US dollars.Then upon occasion and without providing any notice, the USG would sell off most of its BTC holdings in a relatively short period of time, thereby causing a dramatic and confidence-shattering price fall.And lot of times you will see someone like Coinbase or BitPay trying to eat the volatility cost to provide sort of a stable payment service.
Goldman Sachs Analyst: Bitcoin Could Soon Hit $4,000Anyone see how high can this go on a PR and not-so-much volume, see 2010 chart.It should reflect that same optimism or that same confidence.
How high can dogecoin go? - Cryptocurrencytalk.com
Could Litecoin Follow Bitcoin's Path? - Prime Values
There is also Litecoin, Peercoin, and a host of lesser known rivals.And then you can add some more of these numbers around, play with what you think might be realistic, you know, maybe we can look into the future and see the price of Bitcoin based on the day that we have 17 million or 18 million Bitcoins in the system.And velocity in particular with Bitcoin is very important because velocity is the amount of times that you can use one coin, for example, in one day.
How high can Bitcoin go? This high. - Business InsiderFrom velocity, transaction volume, supply, to all the big markets Bitcoin proposes to disrupt (hedge funds, gold, e-commerce, money supply, remittances etc).
By making those purchases, the USG would build a large position in owning BTC.