Quote from: bitbets on May 16, 2015, 10:44:37 PM

Quote from: Bit_Happy on May 16, 2015, 04:09:12 PM

Quote from: gentlemand on May 16, 2015, 11:53:28 AM

Quote from: Erdogan on May 16, 2015, 08:43:43 AM

What's wrong with $80,000 per coin?

Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks.

$80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change.

Possible but far more difficult to achieve.

When the next Bull market finally starts, people will discuss $100,000 to $1 Million+ per BTC and be taken seriously. I think ~$5,000 is not too crazy within a year or two.

Bitcoin seems useful for sending/receiving larger amounts of money, but with the 50,000 satoshi price to send, it isn't as useful for smaller transactions. I don't know, it charges me 50k satoshi.

FYI:
Fees are 0.0001 BTC (10,000 Satoshi, unless there was a change that I don't know about), which is currently equal to ~2.4 cents, so the fees are fine for "small" transactions, but not micro-payments.