Topic: Bitcoin 10k when? - page 4. (Read 4254 times)

So we'll be rich, because at this point the network effect of Bitcoin is way too strong to ever disappear. Im sorry for the haters. What can I say? get on this train before it's too late, otherwise it may be the decision that you regret the most making in your entire life and beyond. Just owning 1 BTC should be mandatory in 2015.

Not to be annoying, but 20 years from the date of that quote is 2030 AD.
So if by 2020 prices aren't as desired, don't worry, you got another 10 years.

No.

Altcoin will not take over bitcoin. New altcoin depreciate the value of other altcoin.

I see that banks are starting to develop their own "altcoins", eventually will bitcoin be the back bone of the whole system. Since each banks makes the mistake, that they all make their own personal altcoins, since they want to be in control.

Governments don't like competing monetary systems because those who controll the money supply controll the people and what do governments want? exactly; controll. Now I don't think they would do this openly, but once Bitcoin becomes a threat, for example if the dollar loses trust amongs international (especially Chinese) investors then dollars will be used to buy bitcoins (thus further depreciating the value of the dollar and appreciating the value of the Bitcoin eco-system). Then the US can consider Bitcoin to be a threat to the US economy and therewith to US national security. National Security/politics always prevails over economic morals/interests thus the US would fund behind closed doors agencies (like the NSA or FBI or whatever) and they could easily take controll of the Bitcoin system and ruin it. They could totally destroy it even if it would cost them 50 billion dollars to do so because that would ultimately save the dollar and protect the US national security (and international security since a collapse of the dollar would have huge international implications). So therefore, as long as bitcoin is a cute little puppy within the international financial/monetary realm it's all good, but once it reaches a market cap of 100 billion or more governments will start to worry and consider Bitcoin more and more as a threat.

I agree, I think Bitcoin hasn't reached its peak yet, but after that what is going to happen? Altcoins will take over and Bitcoin will depreciate in value, however be permanently relevant since its infrastructure is then being integrated into the regular economy. I believe we are going to have many succesfull crypto currencies in the future and it will contribute to the idea that cross-national boundaries are the root of evil in human civilization since it is the cause of wars, inequal wealth distributions, genocides and all kinds of other evil stuff mankind has brought forth upon itself...

We don't know this. Bitcoin can never reach 10k as far I know. Future is hard to predict, 2 years ago bitcoin cost was over $1000 for brief period of time and here we are under $300.
Bitcoin price is no something that can be predicted with knowledge alone. And if you think someone with 51% hash power gonna destroy bitcoin network you are gravely mistaken.
Why would someone try to destroy something which gives him money? It is like someone rich suddenly try to burn all his money...

This is a quote from Satoshi himself:

Feb. 14, 2010:

He is basically saying that in 2020, then will you either be rich or have nothing.

So when? I think 7 years and three months from now the price of one bitcoin will be 10 k  

At that particular time the infrastructure surrounding bitcoin will have bore its fruits but there is still the possibility of a 51-attack thus causing a hindrance to full-blown acceptance, 2 years and 2 months before the ending of the 7 years and three months NXT will start to come to the forefront as a safe alternative investment and will start taking over the lead from Bitcoin  

All just speculation