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Topic: $10K by the end of 2016 - page 2. (Read 3120 times)

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copper member
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Re: $10K by the end of 2016
July 15, 2015, 01:06:32 PM
#33
sure it is possible. but only if bitcoin managed to replace fiat by the end of this year. people will dump all of their USD and its price will drop while bitcoin soars  Grin
brg444
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Re: $10K by the end of 2016
July 15, 2015, 12:59:42 PM
#32
Quote from: Brewins on July 15, 2015, 12:55:19 PM
after some halvings will be possible, otherwise mining will be too profitable and will consume too much electricity, making countries ban ASIC things

Unless countries get into the mining ASIC things
Brewins
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Re: $10K by the end of 2016
July 15, 2015, 12:55:19 PM
#31
after some halvings will be possible, otherwise mining will be too profitable and will consume too much electricity, making countries ban ASIC things
BitcoinNewbie15
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Re: $10K by the end of 2016
July 15, 2015, 12:27:28 PM
#30
$10,000 per Bitcoin is a very high price. I do not know if it is even possible or not for Bitcoin to hit a price point that high. I think that the end of 2016 may possibly be too soon for Bitcoin to rise that much though. But I could be wrong, nobody knows for sure.
uki
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Re: $10K by the end of 2016
July 15, 2015, 11:10:30 AM
#29
Quote from: brg444 on July 15, 2015, 09:59:43 AM
Quote from: uki on July 15, 2015, 09:42:46 AM
expontial trends in all natural phenomena are rather very short-term and very hard to sustain over longer time periods, thus, I believe it will be very unlikely to see 10k USD this, or even next year.

If we are to trust the typical S-curve adoption model of technologies we are only entering the exponential trend of Bitcoin`s adoption.
that would be great, I am afraid however, that the assumption that it can be applied in case of Bitcoin may be not valid.
brg444
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Re: $10K by the end of 2016
July 15, 2015, 09:59:43 AM
#28
Quote from: uki on July 15, 2015, 09:42:46 AM
Quote from: rivoke on July 15, 2015, 09:33:48 AM
By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low
expontial trends in all natural phenomena are rather very short-term and very hard to sustain over longer time periods, thus, I believe it will be very unlikely to see 10k USD this, or even next year.

If we are to trust the typical S-curve adoption model of technologies we are only entering the exponential trend of Bitcoin`s adoption.
chaser15
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Re: $10K by the end of 2016
July 15, 2015, 09:55:51 AM
#27
Quote from: ?? on ??
Quote from: rivoke on July 15, 2015, 09:33:48 AM
By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low

Extrapolating further:
Year 2017 price BTC 10^6 USD = 1000000 USD (Speculation)
...
Year 2027 price BTC 10^16 USD = 10000000000000000 USD (Speculation) Shocked

Haha lol.

I will be rich that year if that happens. "IF" . Im hoping.
uki
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Re: $10K by the end of 2016
July 15, 2015, 09:42:46 AM
#26
Quote from: rivoke on July 15, 2015, 09:33:48 AM
By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low
expontial trends in all natural phenomena are rather very short-term and very hard to sustain over longer time periods, thus, I believe it will be very unlikely to see 10k USD this, or even next year.
rivoke
legendary
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Re: $10K by the end of 2016
July 15, 2015, 09:33:48 AM
#25
By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low
Amph
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Re: $10K by the end of 2016
July 15, 2015, 09:26:12 AM
#24
Quote from: tss on July 15, 2015, 07:44:12 AM
no it is not possible.  unless the world has another major financial crisis.  but it is fun to dream now and again.

then you are saying that bitcoin will never be mainstream, unless you really think that bitcoin can be fully adopted an be mainstream with 4B market cap....

this financial crysis isn't helping so much bitcoin, people are only starting to learning why bank sucks and moving into something else, and bitcoin has captured their interest
RodeoX
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Re: $10K by the end of 2016
July 15, 2015, 08:23:18 AM
#23
Quote from: cellard on July 15, 2015, 08:10:20 AM
Quote from: RodeoX on July 14, 2015, 03:06:43 PM
Yes. But in the same way that I think it could be raining in exactly 1 year. That is to say, no one on Earth knows.

Well, planet earth is huge so there will be at least one place where it's raining exactly 1 year away from your message. 10K confirmed? Smiley
On a serious note, I think 10K is actually possible, the trend is obviously up, things are looking great for the future, and the halving hype may be insanely huge coupled with the rest of Bitcoin advancements. Im looking forward to it.

Hehehe. Good one. Ok, rain is confirmed.
 And I do think it is "possible", but 10k is a high bar. Even if it ended the year at $400 it would be a stellar performance in value appreciation. I'd be cool with that.
cellard
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Re: $10K by the end of 2016
July 15, 2015, 08:10:20 AM
#22
Quote from: RodeoX on July 14, 2015, 03:06:43 PM
Yes. But in the same way that I think it could be raining in exactly 1 year. That is to say, no one on Earth knows.

Well, planet earth is huge so there will be at least one place where it's raining exactly 1 year away from your message. 10K confirmed? Smiley
On a serious note, I think 10K is actually possible, the trend is obviously up, things are looking great for the future, and the halving hype may be insanely huge coupled with the rest of Bitcoin advancements. Im looking forward to it.
cambda
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Re: $10K by the end of 2016
July 15, 2015, 07:51:37 AM
#21
Global events, block halving, the killer BTC app. The holy triangle of what is needed for what you are asking. Any one of the three could spark the rise.
tss
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Re: $10K by the end of 2016
July 15, 2015, 07:44:12 AM
#20
no it is not possible.  unless the world has another major financial crisis.  but it is fun to dream now and again.
randy8777
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Re: $10K by the end of 2016
July 15, 2015, 05:21:57 AM
#19
very unlikely. that doesn't mean i don't like it if bitcoin indeed reaches $10k, but it's simply not going to happen. i think $500-$600 is more reasonable by that time.
aakashsangwan
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Re: $10K by the end of 2016
July 15, 2015, 05:08:28 AM
#18
Quote from: Morecoin Freeman on July 15, 2015, 04:41:04 AM
$10k per coin? Not going to happen. Really.
It can happen,  as in the start of Bitcoin it was just a dust,  you could buy many of these in just a dollar.
But after 2012 in late 2013 it's prices were sky high.
So basically it is having a potential to reach 10K$ per Bitcoin. But a 2016 deadline is far from possible.
OmegaStarScream
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Re: $10K by the end of 2016
July 15, 2015, 04:42:44 AM
#17
Quote from: kenji on July 14, 2015, 03:02:59 PM
do you guys think it is possible? Cool

I don't have that much bitcoin to care but that would be more then great , at least I can buy my own car at the age of 18  Roll Eyes that would be awesome . anything can happens after July 2016 since there is the block halving reward . Let's hope everything goes smooth
Morecoin Freeman
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Re: $10K by the end of 2016
July 15, 2015, 04:41:04 AM
#16
$10k per coin? Not going to happen. Really.
Denker
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Re: $10K by the end of 2016
July 15, 2015, 04:10:15 AM
#15
Quote from: lexuz on July 15, 2015, 03:39:57 AM
Quote from: Amph on July 15, 2015, 02:38:07 AM
Quote from: Meuh6879 on July 14, 2015, 03:18:55 PM
No.

probably 350-450 USD ... yes.
end 2013 is shitted ... by mtgox false graphics.

your target sounds more like a target for this year(actually very pessimistic because 350 isn't not sof ar away, at the end of the summer is already possible to be in 300-400 range), OP is talking about 2016 i'm quite sure that we can hover above 1200 for that time
So you think after 2016 bitcoin price rise up to $1200++
But what i see price drop again to 288-295 ?
im not sure because now is already in half a year 2016

The halving is somewhere around August 2016. So still more than a year to go.
lexuz
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Re: $10K by the end of 2016
July 15, 2015, 03:39:57 AM
#14
Quote from: Amph on July 15, 2015, 02:38:07 AM
Quote from: Meuh6879 on July 14, 2015, 03:18:55 PM
No.

probably 350-450 USD ... yes.
end 2013 is shitted ... by mtgox false graphics.

your target sounds more like a target for this year(actually very pessimistic because 350 isn't not sof ar away, at the end of the summer is already possible to be in 300-400 range), OP is talking about 2016 i'm quite sure that we can hover above 1200 for that time
So you think after 2016 bitcoin price rise up to $1200++
But what i see price drop again to 288-295 ?
im not sure because now is already in half a year 2016
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