2. Questions:
1. Where do you see the price of the BTC by 2013?
(BTC/USD)
2. Is it stable enough now or could the bitcoin system easily
crash and turn into nothing?
3. If you personally had $10,000+ to spare, would you
invest it in bitcoins?
4. Is it going to reach $1000/btc eventually or is $15-20
(current price) pretty much the standard price now?
5. When would you buy? Now? In a week? Explain.
3. Answers 1:
1. 1BTC/$100
2. I doubt it will crash, but it is possible
3. If that $10,000 were gambling money yes, it's a high risk high
return investment currently
4. It shot up in price a whole lot just recently, I wouldn't expect
any stability for a while yet.
5. Now, I'd suggest dollar cost averaging, buy a certain amount
in dollars each week, that's the safest strategy for a
commodity that fluctuates but increases in the long term,
which is the behavior bitcoin usually has.
4. Answers 2:
1. Highly variable. Really depends on how many people use it. If
lots of people jump on board then it can go through the roof.
by 2013 I could see 200-300$/btc. However, if we get the
facebook effect (widespread mass adoption) then it could
easily go over 1,000$/btc. At 6.5 million btc in existance and
1k/btc then the total valuation is only $6.5 billion. Theres 14
TRILLION usd in circulation. Plus BTC has the potential to be
the first widespread used global currency. So you can also
include the value of all the other fiat currencies as well.
2. Highly volatile, however I think we will see higher highs and
higher lows going forward.
3. Yes, I'd invest it but don't invest anything you can't lose.
4. See answer to number 1. If lots of people adopt it, it'll go
through the roof. If not, it will fall. Thats why lots of people
want to use btc for commerce.
5. I'd buy now, but thats just me.
5. Answers 3:
1. Right now it's pretty much a guess game, there are just too
much uncertainties. If it gains traction it can easily be
multiples of today's price, even 10x-1000x or who knows, or
it may completely crash and disappear.
2. I think this is possible and at any point it can crash and turn
into nothing.
3. I personally invested about 10% of my savings into it. At the
moment I wouldn't feel comfortable with putting any more
money.
4. I don't know what it's going to reach, but I think 15$-20$ is a
realistic price for it now.
5. I would (and I did) buy now. Depending on how keen you are
to get on board, anywhere between 10$ and 20$ is OK if you
think in a 1-2+ years term.
6. Answers 4:
1. Somewhere between $1 and $100
2. I expect Bitcoin price to get more stable over time. I think the
possibility of a complete crash is close to 0.
3. Yes. If I had $10k to spare, I'd invest at least $500 in a
heartbeat. I'd never invest all of it in just any one thing,
though.
4. I think we will be seeing prices between $10 and $20 for a
while.
5. Once mtgox opens, I expect there to be a short term dip in
prices, which is when I'd buy my first $500 worth of coins, in
small batches (hopefully getting a pretty good average along
the bottom of the curve), and then take it from there.
