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

Biodom

legendary

Activity: 3990

Merit: 4597

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

Merit: 10

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

Activity: 406

Merit: 250

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

legendary

Activity: 1862

Merit: 1009

never

gkv9

legendary

Activity: 1246

Merit: 1000

!!! 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

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

predictions in this thread are laughable Cheesy

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

djnocide

legendary

Activity: 1164

Merit: 1000

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

Activity: 1176

Merit: 1000

When you don't expect it.

Bitcoin Seller

full member

Activity: 567

Merit: 148

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

legendary

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

Activity: 35

Merit: 0

Maybe another 5 years.

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

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

Bulletin

member

Activity: 71

Merit: 10

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

legendary

Activity: 1148

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

Activity: 868

Merit: 1001

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

Activity: 2772

Merit: 1127

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

Activity: 54

Merit: 0

could be this christmas

leex1528

hero member

Activity: 784

Merit: 1000

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!

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

10k-20k before the next halving worldcup

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