$10,000 per bitcoin - page 7. | Bitcointalksearch.org

ivanarifiant

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Quote from: sumit513 on June 23, 2017, 10:02:43 AM

I think we are going to spend $10,000 per bitcoin sooner than we thought because more countries are legalizing bitcoin. Australia is going to do it on July 1st, India is on its way. What do you think?

It seems like you are very motivated by that much value,
Yes it is not impossible bitcoin to reach $ 10,000 value, especially with increasing demand will likely be achieved if the popularity of bitcoin continues to increase.

cpfreeplz

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Awesome! Australia legalizing them is huge for English speaking Eurocentric countries to see that it's in the best interest of everyone to just make it legal. Lucky for me on July 1st there are going to be lots of fireworks going off because it's Canada day! I'll be celebrating twice as hard Tongue

yogaantoni

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I think it is a very high value and not easy to achieve.If the demand continues to increase it will change the value of bitcopin,
But there is no precise possibility with a high rate of increase.

Minecache

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$10K BTC is still a pipe dream.

bamboylee

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It will come when it comes. I do not want to expect to have 10K per bitcoin when we have not even crossed 5K or 3K. Let us see first how things will roll out after the soft or hard or uas fork. After that we may clearly see what lies ahead for bitcoin.

btcdevil

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Quote from: MadGamer on June 23, 2017, 10:08:40 AM

10,000$ is not impossible to achieve but when? I don't think we will see it anytime soon, we are currently finding hard times to go to 3000$ so 10k is a little bit unrealistic at the moment. Bitcoin regulation could definitely boost the price a little bit but we will never have a lot of demand until people know for sure that their money is safe, this is only achievable by putting the bitcoin scaling proposals behind us,"chain split" isn't something someone would like to read.

Ya it is true that $3k price is not become sentimental hurdle and when ever it is nearing their is a selling pressure i think bitcoin whale dont want the price to cross $3k in this month and when Australia going to give nod on july 1st that time the price will jump not only above $3k but it will go more then that.

dey90

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This may not be the value you expect, but it all depends on the bitcoin itself. With some high demand will grow it. If year to year with good popularity then it is not possible to get better bitcoin.

joao1973

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The valuation of BTC clearly is still low in a few years will be in line with the fiat

lady Royal

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Legalizing Bitcoin doesn't mean that it price will increase.
Yes, I do accept the fact that more people accept Bitcoin its demand increase, but that doesn't increase the price.
There are still hundreds of facts which are still to be analyzed and we cannot just depend on legalization.

Prodigan786

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I think it may possible in next two to three years . There is no exact or genuine resource for legalising bitcoin in Australia and India I also read some article let's wait and watch.

Lieldoryn

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Quote from: The Sceptical Chymist on June 23, 2017, 11:01:50 AM

I know it's my fault for not reading any news, but what's up with all this "legalization" stuff? Was bitcoin actually outlawed in any countries? Russia is the only one I ever knew about, and I did read a post about Ecuador or Argentina.

I'm not a doubter anymore. I didn't think we'd hit $3000 even two months ago, so 10k could certainly happen within the next couple of years.

The legalization of bitcoin is absurd. The government just wants to accept bitcoin a means of payment to have the official right to demand payment of taxes from transactions using BTC. I do not understand how this can affect the popularity of BTC. It may have the opposite effect.

unamis76

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Quote from: sumit513 on June 23, 2017, 10:02:43 AM

I think we are going to spend $10,000 per bitcoin sooner than we thought because more countries are legalizing bitcoin. Australia is going to do it on July 1st, India is on its way. What do you think?

Yet again... It's been happening very frequently recently around here, can you post sources to backup your post?

Maybe you mean that double taxation will end in Australia?

Regarding India, maybe you mean this?

bouren

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Quote from: sumit513 on June 23, 2017, 10:02:43 AM

I think we are going to spend $10,000 per bitcoin sooner than we thought because more countries are legalizing bitcoin. Australia is going to do it on July 1st, India is on its way. What do you think?

Legalizing bitcoin doesn't directly raise the prices. But the raise in number of users is what affect the prices to rise. When a country legalise bitcoin, it helps bitcoin in two way. Existing users get a chance to expand their working with bitcoin either as a form of investment or as payment mode. Whereas new users come to know and start using it who earlier fear to use it as sake of conventional approach. Thus, if such big countries going to legalize bitcoin then we could say $10000 is not a big play.

The Sceptical Chymist

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I know it's my fault for not reading any news, but what's up with all this "legalization" stuff? Was bitcoin actually outlawed in any countries? Russia is the only one I ever knew about, and I did read a post about Ecuador or Argentina.

I'm not a doubter anymore. I didn't think we'd hit $3000 even two months ago, so 10k could certainly happen within the next couple of years.

Gaaara

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Quote from: MadGamer on June 23, 2017, 10:08:40 AM

10,000$ is not impossible to achieve but when? I don't think we will see it anytime soon, we are currently finding hard times to go to 3000$ so 10k is a little bit unrealistic at the moment. Bitcoin regulation could definitely boost the price a little bit but we will never have a lot of demand until people know for sure that their money is safe, this is only achievable by putting the bitcoin scaling proposals behind us,"chain split" isn't something someone would like to read.

The outcome might be a reverse of what you stated, as they will be legalized the primary impact will be on improving bitcoin not on gaining demand for higher price because as we know bitcoin is starting to have some certain problems regarding transaction (transaction fee, delay of confirmation) governments might want it to be more functional and useful so high price are unnecissary for doing so. (Bitcoin is not only for investment purposes.)

joao1973

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We will see them for sure but the time is not known if in 1, 2, 3, 4 or 5 years

youdacapt

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Quote from: Dudeperfect on June 23, 2017, 10:29:18 AM

I strongly believe that bitcoin is worth $10K at this moment and it is undervalued but I also notice the increasing transaction fees, delayed confirmations & the volatility in the price are the main reasons of bitcoin's slow growth. Everyone out there is excited about bitcoin but not all of them are as risk takers and enthusiastic like us so they will probably enter in bitcoin when we will find the solution to these issues. I am sure a couple of years is the maximum time frame for this milestone.

High fees and slow management of blocksize are still the main reasons why bitcoin prices are still slowing. But I am sure it will be resolved by the end of this year. Bitcoin can go straight up but there are worries about high prices then it will not be balanced with ongoing business, the need to impose prices will always happen but cannot be too drastic, I think the current price is ideal, the next wave will occur at the end of this year.

haroldtee

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Quote from: Dudeperfect on June 23, 2017, 10:29:18 AM

I strongly believe that bitcoin is worth $10K at this moment and it is undervalued but I also notice the increasing transaction fees, delayed confirmations & the volatility in the price are the main reasons of bitcoin's slow growth. Everyone out there is excited about bitcoin but not all of them are as risk takers and enthusiastic like us so they will probably enter in bitcoin when we will find the solution to these issues. I am sure a couple of years is the maximum time frame for this milestone.

I kinda agree with you. The huge civil war and scaling challenge going on could probably be one of the reasons why bitcoin ain't really targeting the moon yet. All these are challenges that would pass anyway and I am sure one day, we will look back and say it was worth it. However it is, we willl survive it but with what OP said, I ain't sure $10,000 is feasible anytime soon.

Xester

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I do not know if it was good or bad. Reading all your comments it seems that it is more of a disadvantage. But, to think that bitcoin price is going higher and higher, and even if it will be legalized in other country, I do not think that it will affect us that great. But we will see.

Dudeperfect

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I strongly believe that bitcoin is worth $10K at this moment and it is undervalued but I also notice the increasing transaction fees, delayed confirmations & the volatility in the price are the main reasons of bitcoin's slow growth. Everyone out there is excited about bitcoin but not all of them are as risk takers and enthusiastic like us so they will probably enter in bitcoin when we will find the solution to these issues. I am sure a couple of years is the maximum time frame for this milestone.

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