[2014-09-12] Tim Draper: Bitcoin’s Price Still Headed to $10k - page 2.

Chef Ramsay

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Quote from: Buffer Overflow on September 12, 2014, 12:14:26 PM

In 3 years 12.5 BTC will be produced every 10 minutes. At 10K each, that's $18,000,000 that the market needs to absorb everyday to maintain that price. I really can't see that personally.

In that amount of time there could be upwards of 15-20 million more wallets and once BTC is steadily hovering north of the 1 or 2 thousand dollar range, it's public attention factor will have already been solidified and the genie will be permanently out of the bottle.

Buffer Overflow

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In 3 years 12.5 BTC will be produced every 10 minutes. At 10K each, that's $18,000,000 that the market needs to absorb everyday to maintain that price. I really can't see that personally.

LiteCoinGuy

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Quote from: CoinMode on September 12, 2014, 11:45:08 AM

In 3-5 years, $10k/BTC will be the medium level price of low volatility, similar to the low we are at right now. I could easily see a spike to $10k and a crash back down to $4k before then.

yeah of course, we will see alot of booms and busts on the way to 10k.

CoinMode

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In 3-5 years, $10k/BTC will be the medium level price of low volatility, similar to the low we are at right now. I could easily see a spike to $10k and a crash back down to $4k before then.

LiteCoinGuy

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Tim Draper: Bitcoin’s Price Still Headed to $10k

Draper told CoinDesk:

“I guess the markets aren’t seeing what I am seeing. An entire economy is being rebuilt. I have a price target of $10,000 in three years. Even that may be pessimistic.”[/i]

http://www.coindesk.com/tim-draper-bitcoins-price-still-headed-10k/

3-5 years i would say

Topic: [2014-09-12] Tim Draper: Bitcoin’s Price Still Headed to $10k - page 2. (Read 16829 times)