Quote from: turvarya on December 10, 2014, 02:24:57 PM

Why shouldn't someone buy Bitcoin for $1000 in a year? Just because it is less than that today? Why should someone buy Bitcoin for $345 today, when it was $130 one and a half year ago?
There were always marks, were people said, that is the peak. I am not long enough in the game, but I think, there was one at $1 at $30 at $130 and now at $1000.
What exactly changed?

maybe 1000$ is still easily possible, agree. But we will run into serious issues above 10k$ to 20k$ i believe. I'd expect an epic, epic crash around that mark. Like doublecrash (if we do not actually see this right now already)

Why should someone buy btc for 345$ today? That is a good question and i think the answer is: they shouldn't because has good chance to hit 200$-range again. We have always more coins. Each and every day.

What changes from 1$ to 1000$ ?
The audience became bigger. So we are back to the only point we may agree on: it's about users

You porbably do know as good as i do: most who are here now are independant persons who came here because they educated themselves. But the average person does not educate themselves about anything at all. So possibly we hit a ceiling of possible users somewhere and bitcoin will become very depandant on advertising via the current institutions which in part it actually is designed to make obsolete. I do see a contradiction there too. That's a sociologic question now aswell as an existential one for btc.

haha. But even if the media would suddenly be on the side of bitcoin it'll still be very hard to convince the uneducated masses to buy a coin for 5000$ which was 5$ once. Since media is not even looked at as any type of guide - not even by stupid people these days the whole task may very well be a fail.

I still don't know who's buying btc for 2k$ , 5k$, 10k$

edit: lool topic moved to speculation and no trace or remark of the move on the original place. lmao.
This is actually in the wrong subforum now because i did not want to discuss speculative pricedevelopement but the question "who is buying later for higher prices?" but apparently people are affraid they can't answer it.