Pages:
Author

Topic: $10,000 when? - page 32. (Read 51349 times)

full member
Activity: 126
Merit: 100
July 20, 2014, 03:15:01 AM

Some time in 2015, but get ready for a price surge soon we are right in the calm before the storm.  With dell dish and others joining BTC recently i can image 3 times as many big merchants within 2 months. 
yeah this is good news to us Dell starts accepting bitcoins as payment in America . so if we are in America and wants to buy a Dell laptop for entertainment we can also pay with our bitcoins . this is really one good news to us about growth in BTC market Smiley .
legendary
Activity: 1316
Merit: 1000
July 20, 2014, 03:09:51 AM

Some time in 2015, but get ready for a price surge soon we are right in the calm before the storm.  With dell dish and others joining BTC recently i can image 3 times as many big merchants within 2 months. 
full member
Activity: 224
Merit: 100
July 19, 2014, 10:52:07 PM
I would speculate that BTC will hit 10k the next time we are in a bubble (during the runup). If not during the next bubble, then it would be the bubble after next.
full member
Activity: 350
Merit: 118
July 19, 2014, 10:49:07 PM
1 cent per satoshi would be good. Of course 1 million per bitcoin seems insane, bitcoin will need to have a massive market cap to become a large form of currency. Currently the market cap with 21 million bitcoins would be 14 million dollars at a price of 676, which is very small for billionares, and imagine if the total cash in the world would be 14 million dollars. It needs to be big enough that it would be impossible to hold a large percentage of it.
21 million bitcoins would be 14 billion one hundred ninety-six million at a price of 676.
There are not 21 million bitcoin in existence right now. It will be several decades until it will become anywhere close to that.

It will actually take hundreds of years to mine the last million bitcoin because of the way block subsidies half 

I thought Bitcoin would be fully mined by 2140:

Quote from: Bitcoin.it
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.

Even if the allowed precision is expanded from the current 8 decimals, the total BTC in circulation will always be slightly below 21 million (assuming everything else stays the same). For example, with 16 decimals of precision, the end total would be 20,999,999.999999999496 BTC.
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
July 19, 2014, 04:42:50 PM
1 cent per satoshi would be good. Of course 1 million per bitcoin seems insane, bitcoin will need to have a massive market cap to become a large form of currency. Currently the market cap with 21 million bitcoins would be 14 million dollars at a price of 676, which is very small for billionares, and imagine if the total cash in the world would be 14 million dollars. It needs to be big enough that it would be impossible to hold a large percentage of it.
21 million bitcoins would be 14 billion one hundred ninety-six million at a price of 676.
hero member
Activity: 686
Merit: 500
July 19, 2014, 04:10:58 PM
no one can speculate that price as only that market decides , but when the jump starts then its just a matter of time to reach to that place soon.

Pretty much. I've heard this term FOMO -- fear of missing out. Grin When it hits, it will hit hard, and the rush to get in will be very fast. Can't wait! Just don't know when....
hero member
Activity: 588
Merit: 500
Get ready for PrimeDice Sig Campaign!
July 19, 2014, 04:00:59 PM
Maybe we see a day when a satoshi will be worth $10.... hehe... :p

If 1 satoshi = 1 cent, then 1 BTC = $1 million. Bitcoin market cap = $21 trillion.
If 1 satoshi = $10, then 1 BTC = $1 billion. Bitcoin market cap = $21 quadrillion.
WOW mate Come back to reality , as of now we are floating around 610$-620$ /btc mark , I hope that we reach 1K$ mark that's the only reasonable mark that bitcoin can hit in upcoming few months

Yeah, $10 (at today's USD value) per satoshi is obviously impossible. 1 cent per satoshi is probably the absolute maximum upper limit that is still possible.
1 cent per satoshi would be good. Of course 1 million per bitcoin seems insane, bitcoin will need to have a massive market cap to become a large form of currency. Currently the market cap with 21 million bitcoins would be 14 million dollars at a price of 676, which is very small for billionares, and imagine if the total cash in the world would be 14 million dollars. It needs to be big enough that it would be impossible to hold a large percentage of it.
full member
Activity: 350
Merit: 118
July 19, 2014, 03:37:33 PM
Maybe we see a day when a satoshi will be worth $10.... hehe... :p

If 1 satoshi = 1 cent, then 1 BTC = $1 million. Bitcoin market cap = $21 trillion.
If 1 satoshi = $10, then 1 BTC = $1 billion. Bitcoin market cap = $21 quadrillion.
WOW mate Come back to reality , as of now we are floating around 610$-620$ /btc mark , I hope that we reach 1K$ mark that's the only reasonable mark that bitcoin can hit in upcoming few months

Yeah, $10 (at today's USD value) per satoshi is obviously impossible. 1 cent per satoshi is probably the absolute maximum upper limit that is still possible.
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
July 19, 2014, 03:25:25 PM
Maybe we see a day when a satoshi will be worth $10.... hehe... :p

If 1 satoshi = 1 cent, then 1 BTC = $1 million. Bitcoin market cap = $21 trillion.
If 1 satoshi = $10, then 1 BTC = $1 billion. Bitcoin market cap = $21 quadrillion.
WOW mate Come back to reality , as of now we are floating around 610$-620$ /btc mark , I hope that we reach 1K$ mark that's the only reasonable mark that bitcoin can hit in upcoming few months
full member
Activity: 350
Merit: 118
July 19, 2014, 01:27:44 PM
Maybe we see a day when a satoshi will be worth $10.... hehe... :p

If 1 satoshi = 1 cent, then 1 BTC = $1 million. Bitcoin market cap = $21 trillion.
If 1 satoshi = $10, then 1 BTC = $1 billion. Bitcoin market cap = $21 quadrillion.
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
July 19, 2014, 08:58:21 AM
mmm When market cap will reach 150.000.000.000$  Grin

Seriously, you have to consider that for this result many company will have to accept Bitcoin like payment method.

10.000$ is too much expensive for me, I consider that 5.000$ is the best price for the end of 2015.
Seems like a lot doesn't it?
People are too optimistic, it's time to become realistic.

You guys may be true, but know knows the fundamentals may show their magic and people only throw the price of each bitcoin to the amount they are talking about, based on the scarcity of coins they will experience in the near future...

Maybe we see a day when a satoshi will be worth $10.... hehe... :p
legendary
Activity: 2674
Merit: 2965
Terminated.
July 19, 2014, 07:51:14 AM
mmm When market cap will reach 150.000.000.000$  Grin

Seriously, you have to consider that for this result many company will have to accept Bitcoin like payment method.

10.000$ is too much expensive for me, I consider that 5.000$ is the best price for the end of 2015.
Seems like a lot doesn't it?
People are too optimistic, it's time to become realistic.
sr. member
Activity: 1036
Merit: 275
July 19, 2014, 07:31:29 AM
no one can speculate that price as only that market decides , but when the jump starts then its just a matter of time to reach to that place soon.
legendary
Activity: 1918
Merit: 1018
July 19, 2014, 07:17:55 AM
If you do the math is almost an obligation that the price goes a lot higher as the supply shrinks daily at ridiculous speed, and there's only more and more demand.

Yes and when the market will understand that the USD is doomed and USA/Europe will print to save the bank deposits and/or their banks Bitcoin will seem stronger and more reliable to most and the price of BTC will rise tremendously
hero member
Activity: 662
Merit: 500
July 16, 2014, 08:15:46 AM
It might reach that over the next few years if the Chinese government stop fucking it up for everyone by causing panic dumping every time they announce banning the shit out of every crypto and exchange as and when they feel like it.

To be honest, I don't care about the Chinese government any more now after it banned bitcoin, then banned it again, and again...
hero member
Activity: 662
Merit: 500
July 16, 2014, 08:13:31 AM

I thought someone predicts bitcoin price to go down to $5 before actually clicking the link, and it turns out to be $5 million lol.
sr. member
Activity: 322
Merit: 250
July 16, 2014, 06:25:16 AM
If you do the math is almost an obligation that the price goes a lot higher as the supply shrinks daily at ridiculous speed, and there's only more and more demand.
hero member
Activity: 546
Merit: 500
July 16, 2014, 05:11:19 AM
It might reach that over the next few years if the Chinese government stop fucking it up for everyone by causing panic dumping every time they announce banning the shit out of every crypto and exchange as and when they feel like it.
legendary
Activity: 1582
Merit: 1196
Reputation first.
July 16, 2014, 04:55:11 AM
mmm When market cap will reach 150.000.000.000$  Grin

Seriously, you have to consider that for this result many company will have to accept Bitcoin like payment method.

10.000$ is too much expensive for me, I consider that 5.000$ is the best price for the end of 2015.
member
Activity: 84
Merit: 10
July 15, 2014, 09:05:28 PM
Not for several years at least if ever
Sadly I have to agree with this fella.  Given the number of people holding large #'s of coins I suspect bitcoin will have a really difficult time ever reaching $10,000 and that if it does it won't be for at least 3-5 years.

It seems there is at least 1 out of every 5 BTC being held by somebody somewhere that was acquired via less than honorable means.  These people are in it for the get rich quick aspect and I suspect will keep bitcoin in the sub $10,000 for years to come.

True, but also you have to keep in mind how the supple gets inevitably smaller every year, as more and more people lose their wallets forever, this incidentally increases the price along with bigger demand. Who knows what would happen if it gets on that ebay time.
I wish it goes higher anyway since im late to the party already  Embarrassed
Pages:
Jump to: