Topic: 10k$/BTC by the 31st December 2013? (Read 1794 times)
It seems like the shift to decimal places is already starting, most of the listings on ebay are for fractional Bitcoins.
I think using a smaller unit like Satoshi also makes it easier for people who only want to buy a very small fraction of a one BTC, just to see how they can do it in everyday life. Sure, if 1 BTC = $10k, people could get out a calculator and see what their 5 dollars are worth in BTC but it just gets confusing for the average joe. And for wide adoption of Bitcoins, we need to cater to the average joe.
tldr: we need more stupid suckers to buyNah it's not about stupid suckers or anything like that. If Bitcoin grows to be really big in the next couple of months/years, the average person can't think of buying a single Bitcoin, they simply can't afford to. Use smaller units to help them out, that's all I'm saying.
I think using a smaller unit like Satoshi also makes it easier for people who only want to buy a very small fraction of a one BTC, just to see how they can do it in everyday life. Sure, if 1 BTC = $10k, people could get out a calculator and see what their 5 dollars are worth in BTC but it just gets confusing for the average joe. And for wide adoption of Bitcoins, we need to cater to the average joe.
tldr: we need more stupid suckers to buy
I think using a smaller unit like Satoshi also makes it easier for people who only want to buy a very small fraction of a one BTC, just to see how they can do it in everyday life. Sure, if 1 BTC = $10k, people could get out a calculator and see what their 5 dollars are worth in BTC but it just gets confusing for the average joe. And for wide adoption of Bitcoins, we need to cater to the average joe.
1000$ per bitcoin by apr 18th seems more accurate
Don't worry, once 1 satoshi is $1 it will all be real simple again 
Seriously, I doubt that it'll ever be at 10k$.
Seriously, I doubt that it'll ever be at 10k$.
If bitcoin is to be a widely used and reasonably stable currency, it pretty much has to ride at $10k+/BTC, barring an unlikely deflation of the dollar.
There are scaling issues that may need to be addressed, of course, before we can get up there. But bitcoin is traded at the margins, and if rich investors have enough appetite to vacuum up most of the loose bitcoins floating around...
We need to start using "Satoshi's". It'd be easier to get people in if they think they're buying 100's and 1000's of Satoshis instead of one Bitcoin.
Yep many people say that. My point is that Bitcoin will be successful on its own ground and NOT because of some marketing BS and gimmicks. People will figure out how to call things, no need for marketing BS.
Indeed. I haven't noticed any slowdown in people lusting after one share of BerkshireHathaway-A - at $140k or so.
Value is value.
Don't worry, once 1 satoshi is $1 it will all be real simple again
Seriously, I doubt that it'll ever be at 10k$.
Seriously, I doubt that it'll ever be at 10k$.
Won't happen.
Because there will be a point where people stop buying coins when they think they are too "expensive" ... "$1k for just 1 coin???"
And they don't understand the divisibility. We need to change the units/decimals to make it look cheaper....
agreed
Yep many people say that. My point is that Bitcoin will be successful on its own ground and NOT because of some marketing BS and gimmicks. People will figure out how to call things, no need for marketing BS.
+1
You should tell that the guys at The Bitcoin Foundation.
It would only need the exchanges to change to mbit as a unit of trade rather then using the full BTC unit. Just use the inbuilt divisability
Won't happen.
Because there will be a point where people stop buying coins when they think they are too "expensive" ... "$1k for just 1 coin???"
And they don't understand the divisibility. We need to change the units/decimals to make it look cheaper....
We need to start using "Satoshi's". It'd be easier to get people in if they think they're buying 100's and 1000's of Satoshis instead of one Bitcoin.
Won't happen.
Because there will be a point where people stop buying coins when they think they are too "expensive" ... "$1k for just 1 coin???"
And they don't understand the divisibility. We need to change the units/decimals to make it look cheaper....
won't happen. There is a coordinated crack down in all of Europe on offshore holdings France Spain Italy, you name them. Lists are published daily about politicians high profiled individuals, but Bitcoin is flying under the radar as it doubles every few days?
Aren't you contradicting yourself here?
It was an ironic rhetorical question, sorry that doesn't always come across on forum posts!
won't happen. There is a coordinated crack down in all of Europe on offshore holdings France Spain Italy, you name them. Lists are published daily about politicians high profiled individuals, but Bitcoin is flying under the radar as it doubles every few days?
Aren't you contradicting yourself here?
Exactly.
An end price of around 1k or so by year's end is more likely, but even that is slim. Don't expect 10k any time soon.
I do not think it is likely to occur, but I think it is possible. Bitcoin thus far has proven that typical expectations and assumptions are often false.
won't happen. There is a coordinated crack down in all of Europe on offshore holdings France Spain Italy, you name them. Lists are published daily about politicians high profiled individuals, but Bitcoin is flying under the radar as it doubles every few days?
Discuss.
Nah, I don't think so.
I think it'll take at least until March 2014.
It's looking like it could hit 10k by the end of June.
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