No speculation forum?

[elux]

[Inca]

Probably not a bad thing. It is a toxic place!

[LiteCoinGuy]

this forum is in beta status. i guess there will be a speculation forum and much more stuff too in the future

[BitcoinXio]

Probably not a bad thing. It is a toxic place!

Although it can be toxic, speculation should not be toxic nor banned or shunned from the forum. Bitcoin price speculation is at the heart of bitcoin, and many use it as an indicator right now. Maybe in a couple of years it won't be important, but for now since adoption is still pretty low it's still an important thing to keep tabs on.

[rogerver]

I suppose we will add a specific sub forum for speculation today or tomorrow.

For now, here are some fun numbers to speculate on:

Amazon
Amazon grosses $38 billion per year. Assuming a 3% transaction fee, Amazon pays $1 billion a year in transactions fees. Amazon nets $1 billion per year. Amazon could double their profits by doing all transactions in Bitcoin. If the market cap for bitcoin was $38 billion, each bitcoin would be worth $5,400.

Gambling
The online poker market is $4.8 billion a year industry. Online gambling will follow poker and is a $30 billion a year industry If the market cap for bitcoin was $30 billion, each bitcoin would be worth $4,300.
http://papers.ssrn.com/sol3/papers.cfm? ... id=1747646

Gas stations
Credit card companies charge gas stations a 2% transaction fee. By eliminating credit card transaction fees, gas station owners could double their profits. The US consumes 65 billion gallons of gasoline per year. At $3.60 per gallon, this could be a $234 billion dollars going through the bitcoin economy's per year. If the market cap for bitcoin was $234 billion, each bitcoin would be worth $34,400 dollars.


International Remittance
International remittance is the transfer of money by a foreign worker to their home country. In 2007, remittance worldwide transferred $300 billion dollars. Western Union fees for remittance can run from about 4 percent to 20 percent or more. If the market cap for Bitcoin was $300 billion, each bitcoin would be worth $42,000.

[rogerver]

I just submitted my above post to Bloomberg.
Let's see if the publish it.