Silicon Valley VC says 1 bitcoin will be worth $100,000
- Thread starter peilthetraveler
- Start date
I know, its crazy right? Remember how a few years back when DST invested $200 million in facebook for a 2% stake giving facebook a $10 billion valuation? Rememeber how crazy that seemed at the time? Or a few years later when people were saying facebook was worth $50 billion or more and we all said "Ok, now you guys are just being silly" Who's laughing now?
This is another black swan event. Get on board, or laugh at those of us taking the ride only to be like "Damn...why didn't i just research bitcoin more" in another year.
This is another black swan event. Get on board, or laugh at those of us taking the ride only to be like "Damn...why didn't i just research bitcoin more" in another year.
This could be the sign of the top.....
:eek:
:eek:
How can a Bitcoin be worth $100,000K when you can buy a Bitcoin mining computer for 12K and make a new coin using $50 worth of electricity?
just some pyramiders talking their book, so you will buy bitcoins from them and increase the price. we need more fools before we cash out at 10k.
Because the difficulty changes, giving you less and less bitcoin until the difficulty is so high that your mining computer is obsolete. People used to mine 100s of bitcoins per day with a GPU that only mined at 100-200 kilohash per second. Today that $12k mining rig (that hasnt even shipped yet) mines at 3 terahash per second and mines less that 1 bitcoin per day. By the time it does ship, it will likely only mine .1 bitcoins per day if the difficulty keeps increasing like it has been.
Every single time I see the statement "bitcoin will go to 100k" I am reminded of 1999 and the book "Dow 36000".
Bitcoin is a beautiful pump and dump scheme. I'm unsure what will unravel it, maybe a recession or maybe regulation. Whatever it is, a lot of greedy pigs will get slaughtered.
Bitcoin is a beautiful pump and dump scheme. I'm unsure what will unravel it, maybe a recession or maybe regulation. Whatever it is, a lot of greedy pigs will get slaughtered.
I know, its crazy right? Remember how a few years back when DST invested $200 million in facebook for a 2% stake giving facebook a $10 billion valuation? Rememeber how crazy that seemed at the time? Or a few years later when people were saying facebook was worth $50 billion or more and we all said "Ok, now you guys are just being silly" Who's laughing now?
This is another black swan event. Get on board, or laugh at those of us taking the ride only to be like "Damn...why didn't i just research bitcoin more" in another year.
Facebook is a company that was taken public. Bitcoin is a currency driven by pure speculation. Please, just stop.
May be time to start some bitcoin generating companies: so many IT experts worldwide looking for a job. Then with Japanese, South Korean and Chinese computing equipment building expertise...