Topic: Bitcoin will hit the $10,000 because the U.S. economy will collapse soon! (Read 2741 times)

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Not necessarily, believe it or not, the amount of people with 10+ BTC isn't as many as you would think. Someone on these forums did an analysis of it; it was quite a good read.

we can't predict what will happen in future , all the speculations isn't making it vivid rather making it more uncertain, we all are positive about the future of bitcoins and want that it last forever.

If bitcoin will reach that price, thats crazy 1 bitcoin for 100k wow.
In the serie Almost human ,they are living in the future and everyone is using bitcoins as the standart currency.
But if 1 bitcoin will become 100k alot of people will become millionair then?

Recovery is newspeak for walking on a increasingly sloping ramp, greased with chicken blood.

That's some serious charges lol. US economy is not looking like collapsing atm and in nearest future.
We should not rely on something like this in order to get a price high. We should make more and more services to accept Bitcoin as a payment then and only then demand will be high enough for price to hit 10k$

We are talking about edit: november edit2: 1st 2013 dollars. Dollars can not be used as unit of account, unless you snapshoot them.

A couple things to consider:

- If the US economy collapses, $10k won't buy you a roll of toilet paper (but could be used as one ). So let's hope 1 BTC isn't worth only $10k.

- If the US economy collapses, Bitcoin won't help you. Why? Because you won't have access to the Internet! In a real economic collapse, most ISPs will go under, greatly limiting the number of people who can access the Internet. So it doesn't matter how much Bitcoin you hold if you can't access it (and even if you can, almost no one else could receive your Bitcoin).

I'm a believer in the value of Bitcoin, but I don't think it would be very useful in an economic collapse unless the infrastructure and acceptance of Bitcoin was so widespread it could seamlessly replace the collapsing fiat currency.

Future price assumes todays buying power. Always and every time. Can we stop with that particular bit of silliness now?

I think $10K/BTC will be after few years no matter from the situation in U.S. economy.

True The value of bitcoin should be measured in something tangible, e.g. real estate. Purchasing power is the key thing

Personally I think a deflationary implosion is still possible... all this quantitative easing doesn't actually make it into the marketplace, all it does is temporarily prop up asset prices.

In any case the most profitable thing to do is remain diversified and not put one's eggs all in one basket. Surely bitcoin could be one place to put money especially if it starts to get widespread acceptance but I think the days of $10,000 a coin are a long way off... it's going to take a long time to get all the bitcoin in the hands of the very wealthy distributed out into the marketplace and I think ultimately the people holding 10,000 or more coins have no reason to wait until $10,000 per coin to sell.. I certainly wouldn't. I'd be slowly spending my coin now here and there on things I needed... 8 million dollars would be more than enough for me to live on... of course market cap is sort of a false number... it assumes if everyone sold all their shares all at once they could all get the current price per share, which is a false notion...

In reality the 'market cap' of any stock is far less than the actual proceeds they get if everyone tried selling all at once or even say 10-25% of the outstanding shares were attempted to be sold all at once it would crash the price just having these orders on the books, causing the 'market cap' to be far lower.

Whatever happens I'm ready and able to invest my 401K on basically any trading ETF available right now which leaves precious metals open to me... and potentially bitcoin in the future assuming a bitcoin ETF ever opens that I would trust is actually holding the bitcoins. (Lots of leveraged ETFs or commodity ETFs have something called 'decay' in them due to the way they operate.. you could basically short them down to zero if you held them long enough)

Think of the U.S dollar in terms of the Japanese Yen or Zimbabwe Dollar, yes, I really do think it's going to get that bad.

Exactly!

It is a possible truth behind that statement!

More opinions please!

Hahah +1

If the US economy collapses, the. The $10,000 that you are referencing may end up being worth the same as the $800 it is today... Lol

So silly. It's the unregulated fiat currency that is collapsing. Now we have evolved a system which is intrinsically superior.

Then you are slow. Update your sarcasm detector.

People have been saying that the economy will collapse for decades now.  Even if it does, I am not sure it guarantees BTC will hit $10,000 for that reason.  In spite of that perhaps?


1-2 years.    

You lost me at ponzi...  Are you by chance a clueless gov't official?  If not, I feel even more sorry for you.