Melbustus



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LegendaryActivity: 1694Merit: 1003 What happens when bitcoin's market cap hits $1B? February 04, 2013, 04:44:42 AM #1 Could certainly be years, but it seems to me that this would be a milestone that would get A LOT of attention. Suddenly lots of folks with real money who've been on the sidelines or dismissed bitcoin as a small toy would take another look.



Or would such an effect not really happen until $10B or $100B? After all, there are quite a few people with 9 figure net worth. Might take a market cap several orders of magnitude bigger to get them interested and active.



Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.

crazy_rabbit



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RUM AND CARROTS: A PIRATE LIFE FOR ME







LegendaryActivity: 1176Merit: 1001RUM AND CARROTS: A PIRATE LIFE FOR ME Re: What happens when bitcoin's market cap hits $1B? February 04, 2013, 08:13:38 AM #5 I think that depends on if bitcoin hits $1B because the current value skyrockets 4x or it goes up 2x and we have twice as many coins as we have now (IE: in still quite a few years) more or less retired.

Mageant



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LegendaryActivity: 1145Merit: 1001 Re: What happens when bitcoin's market cap hits $1B? February 04, 2013, 11:37:31 AM #6 I think this could happen early next year.

The Bitcoin price increased 4x since last year.



I don't think it will be such a big deal as opposed to some large online business or retailer accepting Bitcoin.



For example, the recent news of Wordpress accepting Bitcoin caused a lot more attention than recently breaking the market cap record. cjgames.com

jerfelix



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Sr. MemberActivity: 266Merit: 250 Re: What happens when bitcoin's market cap hits $1B? February 06, 2013, 09:10:45 AM #8 Quote from: Mageant on February 04, 2013, 11:37:31 AM I think this could happen early next year.

The Bitcoin price increased 4x since last year.



Agreed. Consider this trend, with checkpoints every 5 months:



After........................................ A Bitcoin has never been worth less than... Feb-2011 $0.50 Jul-2011 (5 months later) $1 Dec-2011 (5 months later) $2 May-2012 (5 months later) $4 Oct-2012 (5 months later) $8

The bottom has doubled every 5 months (equating to a 15% increase in the bottom every month). Big assumption, I know, but with this consistent growth rate, after January 2014, we will never see a price as low as $64 again. And considering that Bitcoins have been trading at a premium of 40% over that base on occasion, I'd expect that they'll hit $1B in market cap before the end of the year. Agreed. Consider this trend, with checkpoints every 5 months:The bottom has doubled every 5 months (equating to a 15% increase in the bottom every month). Big assumption, I know, but with this consistent growth rate, after January 2014, we will never see a price as low as $64 again. And considering that Bitcoins have been trading at a premium of 40% over that base on occasion, I'd expect that they'll hit $1B in market cap before the end of the year.

tpantlik



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Full MemberActivity: 136Merit: 100 Re: What happens when bitcoin's market cap hits $1B? February 06, 2013, 09:20:31 PM #13 Quote What happens when bitcoin's market cap hits $1B?

Ben would sold his printing machines and preorder at BFL.

Ben would sold his printing machines and preorder at BFL. Gods sent us a powerful tool - cryptography - to fight with those who are trying to exploit us. USE IT!!