Quote from: ajw on August 28, 2013, 09:56:50 AM

hardcore wishful thinking not possible - isnt the largest stock berkshire hathway A stock at 167,000 a share? If btc reaches that price there would be a massive sell flood that would crash the price back down to double digits or possibly low triple digits like it is now. I think that we have a good shot of the price ceiling being between 200-2500 dollars at most, but if it were to still rise past that price then many many many more people would flood it to mine or mine alts to exchange for btc for fiat - that cycle will correct the price bubble.

I don't mean to be the killjoy on this thread...I want it just as bad as you to hit a million dollars easily. Thats like 10k per bitcent! We would definitly be singing a different tune about all those fools (now geniuses) for buing up block eruptors to mine at 2btc a piece.

Do you honestly think that fiat will last forever? If not, then explain your ludicrous scoffing at a market capitalization of the most established cryptocurrency that is in the trillions of USD (unless you think that there will be dozens of valuable cryptocurrencies that collectively have a market capitalization in the trillions of USD, or that gold and silver will be commonly used as media of exchange again).

You don't just get to ignore facts and logic while hand waving things away without being called out on it.