Topic: Bitcoin a road to 10k. - page 9. (Read 5512 times)

Sure I'm an optimist, why would I be a pessimist?
But I'm not overly optimistic, otherwise I'd be thinking it can hit $6k this year (which it might) and then double every year after that which would have us at $96k in 2021 - which I think is within the realm of possibility but I don't think there is any way it will be that high that soon, I think $30-40k by end of 2021 is much more realistic. But I would not at all be surprised if my own personal goals for bitcoin ($10k in 2018, $50k in 2022) end up looking pessimistic in hindsight during those years.

Your pessimism seems to be geared around not seeing any reason for it to triple from the current price earlier than 3 years from now. It just more than tripled in 7 months. It just went up almost $500 the past 3 days. 7 months ago I bet you would have said it'll take 3 years to hit 3k as well! The reason is the same reason why it could more than triple in the past 7 months, because bitcoin userbase is very small but is growing exponentially. Furthermore rich investors are just barely starting to get into bitcoin. $10k ain't gonna come in the next few months, but it ain't gonna take THAT long. Bitcoin can gain $400-500 over a weekend, or a couple thousand over a month or two, as we've seen this year. It's not gonna take 3-5 years to gain only another ~$6600. Maybe three more bull runs (this Fall?, next Spring?, next Fall?) could put btc at $10k.

People change their view on the market as soon as the price starts to peak or dump. In this case people tend to exaggerate everything by throwing around with bullish predictions.

If the price goes down to $2000 for example, people will start talking about a bear market, and that they expect the price to go down even further.

Nothing wrong with being bullish, but people should remain bullish even in days where the price is going down. If they change from bullish to bearish due to the volatility, these people shouldn't be taken seriously.

You are an optimist. I would not be so sure that the price rises so much. I believe in bitcoin, but I see no reason for such growth. Maybe it will reach $ 10,000, but it will not be as soon as we want

I'm really surprised by how conservative some people are despite the exponential growth of bitcoin that we've already seen time and time again. Some people here think it will take 3 or even 5 years to hit just $10k?! That is extremely conservative!! In 3 to 5 years I'd expect $20-60k, $10k will be long since forgotten by then.

I would guess $10k for late 2018 or early 2019, but honestly with the way this year is going (more than tripling in just over 7 months) I wouldn't be totally shocked to see a couple more big bull runs in the next 6 months (we might be starting one right now!) and hit $10k by early 2018.

$10k might look like a lot right now (which it in reality also is), but at some point we will walk over that level in the same way we walked over the $1000 level. Important is to look at the massive potential growth that Bitcoin might/will be experiencing throughout the years. If you realize how insignificant Bitcoin still is today, even $20k will be peanuts in the long term. If institutions at some point start taking Bitcoin seriously, this market will literally fly to levels we at this point can only dream of. It's good to cash out some profits every now and then, but make sure you keep holding the majority of your coins.

At the current rate, it seems $10k is inevitable. The question is when exactly? My guess for hitting the $10k milestone for the first time would be sometime in 2021. This guess is based on the fact that the next halving will be in 2020 and that the 2020 Summer Olympics will be held in Japan where bitcoin is recognized as legal currency. I think the hype surrounding the next halving will have more weight and affect on price than the Summer Olympics to be honest. But barring any hugely negative events for bitcoin, I can see 5-digit prices for bitcoin within 5 years.

Of course it will reach $10,000. But one would be silly to just wait for $10,000 rather than wait for the next halving in 2020. That halving would kick this bull run in the nuts and grab ass investors.

The rise in Bitcoin price has been posted on the front page of BBC.com today. The difficulty keeps rising and will always keep rising. Bitcoin is limited in amount. Do the math and $1,00,000 or more up ahead is common sense.

http://www.bbc.com/news/technology-40848505

good and nice question bitcoin is now have very strong position in decentralized cryprtocurrencies in the world i think as of now the bitcoin go uprise and pumping the value included the altcoin nothing impossible to reach the value of bitcoin 10k dollar maybe next year before the of year of 2018 the 10k dollar value of bitcoin will be reach.

Its possible to hit up that price but we shouldnt still think on this price point because we are still on 3k price range and for this year i would speculate between 3k-4k price and beyond on it would be possible but on such movements it wont really reach out soon. No one could able to give you the exact answer on here since we are on speculation board 

10k is too far.

Transaction speed is of course important, but I think nowadays people refer to bitcoin as "money" but rather as a means of savings, like gold.

bitcoin will reach to 10k ETA 3 years but here's the catch if the block chain technology doesn't have a significant improvement for the last three years there might be a gradual dip but not a nose dive to bitcoin. there are a lot of BIP proposals but if the developments are always on the favor on the side of bitcoin core who control the majority of the mining pool bitcoin core can be disastrous. bitcoin adaptability to merchant is still not impressive imagine it can handle at max of 10 transactions per seconds compare to ETH which can handle 2 to 3 times faster than bitcoin but it is slow unlike visa transactions which can handle to 10k to 50k transactions per seconds this is the drawback of block chain technology - slow transaction speed. speed is essential speed is money.

We're already 1/3 of the way there, and there's no end in sight for fiat.  Maybe
for Venezuela,  but not any of the others.  Never would have thought we'd be in the
nosebleed seats like we are now.  So I think we could hit $10k by the middle of next
year...if we don't collapse.  If demand stays high.  If bitcoin doesn't get outlawed. 
There are too many ifs, but by next year I think it's doable.

I understand that people get excited by current increase, but it's always a better option to remain conservative while we still haven't dealt with the scaling drama yet. This year November we will experience a very crucial moment due to the planned hard fork - even more crucial than has been the case with the 1st of August that a lot people here were worrying about. If we manage go walk through this event without any issues (i.e no chain split), I am quite confident that we'll be hitting the $5000 level this year. $10,000 is just too much to happen within the current year. Next year, or ultimately the year after that will be perfectly okay for me. No need to rush things - stable growth is always better than peaks that mostly don't last very long.

True or not true.Fact is nobody can predict what's going to happen in the future.
I believe Bitcoin's upside potential is much bigger than the risk to fail. However this risk still is big compared to other investment possibilities. $10.000 is possible. It could happen pretty soon if we should get into another crazy bubble run like in 2013! If that is not happening I believe halving 2020 is the time where this price level can be reality at the latest.

According to me the price will reach $10,000 by the end of next year or in the start of year 2019. The increase in demand highly point in that direction. With various merchants accepting Bitcoin, mainstream media covering Bitcoin and countries making it legal, popularity rate is increasing and so does the demand when the supply is limited. Thus the price is set to increase with a good speed.

We are not far off it right now, perhaps another year or even by the end of the year if bitcoin really gets some good attention and adoption.

I think the price of 10,000 dollars will happen maybe next year or in the year of 2019 because that price is very high and I think it takes few years to reach that. And I think they need a lot of new investor to invest in bitcoin so that price we reach. If that happen for sure we earn a lot of profit in the future. We need a lot of patience if you want to see bitcoin price reach 10,000 dollars. More bitcoin more money to come.

Bitcoin definitely will reach $10.000 marks or even more in the future,
and if you're asking about the date,lets make a speculation :
Today price we can see Bitcoin hit $3200 marks and let assume it in the end of this year we will see $4000(lets talk about it without hardfork and another split,it's pure Bitcoin movement),
in 2018 early~mid Bitcoin slowly moving upward and we can see Bitcoin prices hit $5500~6000 marks and repeat again in the future.
So,in my opinion if we keep doing this we will see it around early 2019ish or mid 2019ish.

for 2020 i am expecting $15.000 marks because we will see another halving and in early 2020ish  we can see huge bullrun

the true statement is "bitcoin can reach 10K" not "will reach" in my opinion.

in my experience price is all about the supply and demand. of course there is manipulation and bubbles, pumps, and a lot more but all of these are too small compared to supply and demand.
the supply is obvious, and is the total number of coins and it is a very small number in comparison.
the demand is the new people who start buying bitcoin and the old people buying more to add to their stash. and as bitcoin is adopted more and as it becomes legal in new countries and as new merchants adopt it,.... price goes higher and higher.

so far all this has happened but it has been a very small percentage of the total potential that bitcoin really has. which is why i said it can reach 10K because it has that potential for growth.