$10,000 when? - page 11. | Bitcointalksearch.org

Wilhelm

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Quote from: ?? on ??

Quote from: bornil267645 on November 19, 2014, 01:40:08 PM

Why should it need to reach that mark. I am perfectly happy with the way it is. And if I want to see my favorite currency in the mainstream, I hope it remains same.

I don't understand people who say things like this.

Me neither. Either you're used to being broke or a billionaire, if you don't want to make money.

We as pioneers should be rewarded Cheesy

Biodom

legendary

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Quote from: labsbitforum on November 19, 2014, 02:46:46 PM

When considering if/when bitcoin price will hit $10,000 per coin remember:

Presently 3,600 coins are created each day.
At the current price of $375 per coin, that's $1.35M of additional supply created daily and $493M of additional supply created yearly.
The amount of demand coming in has been less than "Existing Supply" + "New Supply" so the price has been going down.

If bitcoin was to reach $10,000 per coin before the next halving. (Currently estimated to occur 2016-07-31) http://bitcoinclock.com/
The amount of new supply created would be:
Daily = $36 Million
Yearly = $493 Billion

Its not going to happen.

daily 36 mil=yearly 13.1 bil, NOT 493 bil

yearly 13.1 bil is a small number. We have single entity hedge funds that have more under management.
A single minuscule entity-Second market seems to be buying BTC at a ~1000-1500 BTC/day average in the last 2-3 weeks.

labsbitforum

member

Activity: 99

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When considering if/when bitcoin price will hit $10,000 per coin remember:

Presently 3,600 coins are created each day.
At the current price of $375 per coin, that's $1.35M of additional supply created daily and $493M of additional supply created yearly.
The amount of demand coming in has been less than "Existing Supply" + "New Supply" so the price has been going down.

If bitcoin was to reach $10,000 per coin before the next halving. (Currently estimated to occur 2016-07-31) http://bitcoinclock.com/
The amount of new supply created would be:
Daily = $36 Million
Yearly = $13.1 Billion

Its not going to happen.

Edit: Yes I made a simple error. I had excel open working on something else and copy paste failed me. Corrected. Doesn't change my point that that level is not realistic or sustainable. dinofelis 6 posts below offers the only scenarios remotely plausible where this could happen.

bornil267645

sr. member

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AltoCenter.com

Why should it need to reach that mark. I am perfectly happy with the way it is. And if I want to see my favorite currency in the mainstream, I hope it remains same.

llanillo

full member

Activity: 238

Merit: 100

That would take years !! or maybe never .. we dont know... but i believe it will reach that price in 4 years..
I hope when the price comes i get to have a lot of bitcoins hehe

Omikifuse

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never

gkv9

legendary

Activity: 1246

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!!! RiSe aBovE ThE StoRm !!!

It seems that BTC currently is struggling even to get to that $1000 mark again...

Do you guys still think that it's possible for it to reach that amount in the next few years?

brg444

hero member

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Bitcoin replaces central, not commercial, banks

predictions in this thread are laughable Cheesy

you are all severely underestimating the power of greed & speculation.

djnocide

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Einsteinium Foundation Board Member and Treasurer

Quote from: hugger on October 21, 2014, 10:54:10 AM

Maybe another 5 years.

5 or 10 we don't know

inca

legendary

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Merit: 1000

When you don't expect it.

Bitcoin Seller

full member

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Quote from: pinksheep on April 08, 2014, 06:06:08 PM

Forget the $1m & $100,000 predictions, what's everyone's opinion on when bitcoin will hit $10,000?

Probably won't happen , I would say 1,000$ at the beggining of 2015 .

arbitrage001

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Activity: 1067

Merit: 1000

Quote from: pinksheep on April 08, 2014, 06:06:08 PM

Forget the $1m & $100,000 predictions, what's everyone's opinion on when bitcoin will hit $10,000?

Highly unlikely to happen.

hugger

newbie

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Maybe another 5 years.

Wekkel

legendary

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yes

It will reach this number if it attains a dominant position in online payment. The cards are still looking good.

Bulletin

member

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It should normaly rise to 10000 by next year, but there is too many big miners who is cashing out all the time, that keeps the price very low Sad

BitChick

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Merit: 1001

Quote from: Elwar on October 20, 2014, 04:29:49 AM

$10,000 when?

tomorrow

Is there something you know that the rest of us don't know yet? Grin

What would it take to cause BTC to rise to $10,000 in a day!? Shocked

Is that even possible? Huh

At least we will know in less than 24 hours. Wink

master-P

hero member

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https://keybase.io/masterp FREE Escrow Service

I suspect in ~10 years time if Bitcoin continues to grow exponentially and fiat currencies continue to inflate heavily.

jaberwock

legendary

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don't know when and if ever.

of course the exponential stuff can't last forever, how can we knoe when will it stops?

Hobbes2

newbie

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could be this christmas

leex1528

hero member

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Quote from: zimmah on October 20, 2014, 11:01:57 AM

really? you don't think bitcoin will EVER reach $10,000?

It's not like bitcoin has increased by 100 times before.

I don't think it will no.

Just because it does it once does not mean it will do it again. In almost 1 year Bitcoin has dropped $1,000 dollars. Who knows what will happen but if it keeps dropping like this things won't be good!

Topic: $10,000 when? - page 11. (Read 51349 times)