$10,000 when? - page 27. | Bitcointalksearch.org

InwardContour

sr. member

Activity: 644

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Quote from: Peter882 on August 06, 2014, 10:50:17 AM

Quote from: TwinWinNerD on August 05, 2014, 09:30:38 AM

Quote from: henryjames1003 on August 05, 2014, 09:27:00 AM

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?

when you will be able to buy coffee via Bitcoin. It is mass-adoption question

I know multiple places where you can do that...

Bitcoin is slowly getting to mass adoption IMO.
Apart from coffee, you can also get a nice dinner or a haircut with your bitcoin.

The mass-adoption is still far to be completed but near my place there are some pubs and an hairdresser which accept bitcoins.

reggecoin

newbie

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Posibly never

Peter882

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Quote from: TwinWinNerD on August 05, 2014, 09:30:38 AM

Quote from: henryjames1003 on August 05, 2014, 09:27:00 AM

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?

when you will be able to buy coffee via Bitcoin. It is mass-adoption question

I know multiple places where you can do that...

Bitcoin is slowly getting to mass adoption IMO.
Apart from coffee, you can also get a nice dinner or a haircut with your bitcoin.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: henryjames1003 on August 05, 2014, 09:27:00 AM

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?

when you will be able to buy coffee via Bitcoin. It is mass-adoption question

I know multiple places where you can do that...

henryjames1003

newbie

Activity: 51

Merit: 0

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?

when you will be able to buy coffee via Bitcoin. It is mass-adoption question

MrBtcSenior

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Activity: 70

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Now the adoption is only about 0,01% of the world population as I have read in the forum, so there's much more room to grow for bitcoins.

TwinWinNerD

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Quote from: CoinDiver on August 04, 2014, 02:14:35 PM

Quote from: pr472 on August 03, 2014, 06:44:51 PM

I don't get it. Some people are predicting that bitcoin may go up more than any investment in the history of the world. Seriously?

Yes, as it already has. Stop looking at bitcoin as a commodity. It isn't. For the first time in the history of the world people have the opportunity to own part of a technology. Not the rights to a technology, but a share of the technology itself. Think of the price of bitcoin in terms of technology adoption.

Yes, one could compare it to owning a piece of the internet. If the internet increases in size, so would the worth of your piece.

CoinDiver

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Quote from: pr472 on August 03, 2014, 06:44:51 PM

I don't get it. Some people are predicting that bitcoin may go up more than any investment in the history of the world. Seriously?

Yes, as it already has. Stop looking at bitcoin as a commodity. It isn't. For the first time in the history of the world people have the opportunity to own part of a technology. Not the rights to a technology, but a share of the technology itself. Think of the price of bitcoin in terms of technology adoption.

silvestar

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Quote from: CoinDiver on August 03, 2014, 03:49:33 PM

Reward halving decreases the rate of supply increase. It does not decrease the supply. Disacceleration. No sudden effect. No huge jump in price.

It's cyclical. Adoption leads to an increase in price. Price leads to an increase in infrastructure. Infrastructure leads to an increase in adoption.... and repeat. We're seeing infrastructure built around bitcoin like never before. The price is going to continue to rise. The big bubbles are caused by speculation, not huge increases in adoption.

Exactly.
When the next block reward halving happens, we would already have 15,750,000 btc mined (=210000*50+210000*25), a drop of block reward from 25 to 12.5 would have a small impact on the price.
On the other hand, it would affect miners' profitability severely and people may shut down their miners then.

pr472

newbie

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I don't get it. Some people are predicting that bitcoin may go up more than any investment in the history of the world. Seriously ?
One person said that bitcoin will go up when it goes "mainstream". I agree 100 percent. When bitcoin is easy to use, when it seen seen as safe, when it is stable, then I see bitcoin rising. You have to give the "ordinary joe" a reason to use bitcoin. Right now, people are happy to use their Visa cards. The "ordinary joe" does not care about the philosophy of bitcoin. Bitcoin will rise if it is seen as a safe, stable, good alternative to what people have and use now. That might happen some day, but I don't see it in the near future.

TwinWinNerD

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CEO Bitpanda.com

Quote from: Lauda on August 03, 2014, 05:47:10 PM

Quote from: boumalo on August 03, 2014, 04:59:14 PM

Quote from: TwinWinNerD on August 03, 2014, 04:40:25 PM

1000$ 2014
10000$ 2015
100000$ 2016
1000000$ 2017

That would be nice, enough time to buy a lot and a nice reward Grin

2014 800$

2015 7000$

2016 35,000$

2018-2019 200,000$

Those numbers are insane. Why are you expecting a 10x growth per year?
What are you basing this on?

http://en.wikipedia.org/wiki/Metcalfe%27s_law

Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). First formulated in this form by George Gilder in 1993,[1] and attributed to Robert Metcalfe in regard to Ethernet, Metcalfe's law was originally presented, circa 1980, not in terms of users, but rather of "compatible communicating devices" (for example, fax machines, telephones, etc.).[2] Only more recently with the launch of the Internet did this law carry over to users and networks as its original intent was to describe Ethernet purchases and connections.[3] The law is also very much related to economics and business management, especially with competitive companies looking to merge with one another.

Lauda

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Merit: 2965

Terminated.

Quote from: boumalo on August 03, 2014, 04:59:14 PM

Quote from: TwinWinNerD on August 03, 2014, 04:40:25 PM

1000$ 2014
10000$ 2015
100000$ 2016
1000000$ 2017

That would be nice, enough time to buy a lot and a nice reward Grin

2014 800$

2015 7000$

2016 35,000$

2018-2019 200,000$

Those numbers are insane. Why are you expecting a 10x growth per year?
What are you basing this on?

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: TwinWinNerD on August 03, 2014, 04:40:25 PM

1000$ 2014
10000$ 2015
100000$ 2016
1000000$ 2017

That would be nice, enough time to buy a lot and a nice reward Grin

2014 800$

2015 7000$

2016 35,000$

2018-2019 200,000$

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

1000$ 2014
10000$ 2015
100000$ 2016
1000000$ 2017

pandacoin

legendary

Activity: 1554

Merit: 1000

I say June 2015 top. It could be even before 2015. Patiently waiting next jump. Wink

CoinDiver

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Activity: 778

Merit: 1002

Reward halving decreases the rate of supply increase. It does not decrease the supply. Disacceleration. No sudden effect. No huge jump in price.

It's cyclical. Adoption leads to an increase in price. Price leads to an increase in infrastructure. Infrastructure leads to an increase in adoption.... and repeat. We're seeing infrastructure built around bitcoin like never before. The price is going to continue to rise. The big bubbles are caused by speculation, not huge increases in adoption.

obocaman

member

Activity: 70

Merit: 10

Please, let it be soon.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: lepirate on August 03, 2014, 04:09:13 AM

Quote from: BunsenBurner on August 02, 2014, 10:42:24 AM

Quote from: InwardContour on August 02, 2014, 08:16:04 AM

The $15,000 / $20,000 bitcoin value will be reached in 2016, when the reward will be halved.
You can check the countdown in this website: http://bitcoinclock.com/

According to the site, the date will be:

2016-08-09 22:32:52 UTC (105 weeks, 3 days, 13 hours, 20 minutes)

The block halving does not lead to a big rise in coin price for sure, as we have seen in the past in the altcoins...

If I remember correctly, the last block halving in bitcoin lead to quite a rally, didn't it? (or maybe it was just a coincidence, I don't really remember)

The real rally happened in 2013, quite some time after the block halving.

lepirate

hero member

Activity: 541

Merit: 500

Garbochock

Quote from: BunsenBurner on August 02, 2014, 10:42:24 AM

Quote from: InwardContour on August 02, 2014, 08:16:04 AM

The $15,000 / $20,000 bitcoin value will be reached in 2016, when the reward will be halved.
You can check the countdown in this website: http://bitcoinclock.com/

According to the site, the date will be:

2016-08-09 22:32:52 UTC (105 weeks, 3 days, 13 hours, 20 minutes)

The block halving does not lead to a big rise in coin price for sure, as we have seen in the past in the altcoins...

If I remember correctly, the last block halving in bitcoin lead to quite a rally, didn't it? (or maybe it was just a coincidence, I don't really remember)

bigasic

hero member

Activity: 924

Merit: 1000

I think we will start seeing huge price increases when it halves the next 2 times. so in about 5-6 years is when I expect it to explode. That is if bitcoin keeps going like it has been.

Topic: $10,000 when? - page 27. (Read 51349 times)