Bitcoin will reach $10,000 - page 2.

skilo

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Activity: 321

Merit: 250

Quote from: JimboToronto on June 30, 2013, 05:21:07 PM

Quote from: skilo on June 30, 2013, 05:11:47 PM

If USD was to go away tomorrow how would you know how much a Bitcoin is worth?

Euros, Yuan, gold, rubles?

I think the OP was referring to an increase in Bitcoin's value, not the dollar's collapse, although both are probably inevitable to some degree.

What if there was no more gold or silver or fiat money, How would you determine Bitcoins value then?

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Even at very moderate adoption numbers, the big surge would happen before 2020. The recent run up to $266 just spoiled us a little bit Shocked

ThatDGuy

hero member

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Merit: 500

Quote from: JimboToronto on June 30, 2013, 05:10:37 PM

Quote from: chriswilmer on June 28, 2013, 04:00:41 PM

I bet the stories of how I gave away 1 BTC casacius coins to friends will seem completely unbelievable.

Kinda like 10,000BTC pizzas?

Bingo. One of the metrics I'm watching now is the lowest price per BTC on a month-to-month basis. Tracking it from 2011:

Google Spreadsheet with Monthly Lows Summary Data

Interesting findings:

23 of 29 months since the beginning of 2011 have seen an increase in the monthly low price
We are in the 16th consecutive month of an increased monthly low price.
The average change from one monthly low price in this time period to the next: +35.70%

I'm not saying past performance predicts future gains, but that is a pretty significant period of time. I don't think +35.7% could realistically continue, but I'm sure if you asked me that question in 2012 I would have said the same thing, and in 2011, and so on.

JimboToronto

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You're never too old to think young.

Quote from: skilo on June 30, 2013, 05:11:47 PM

If USD was to go away tomorrow how would you know how much a Bitcoin is worth?

Euros, Yuan, gold, rubles?

I think the OP was referring to an increase in Bitcoin's value, not the dollar's collapse, although both are probably inevitable to some degree.

monkeybars

sr. member

Activity: 278

Merit: 251

Quote from: skilo on June 30, 2013, 05:11:47 PM

I don't really know what to say about this... lol

Um i guess if we have a dollar collapse it's possible but how exactly do you determine Bitcoins value without a fiat currency to compare it to?

If USD was to go away tomorrow how would you know how much a Bitcoin is worth?

There is no such thing as absolute value

Viceroy

hero member

Activity: 924

Merit: 501

Do you expect $USD to disappear in the next 30 years for some reason? Or ever?

skilo

sr. member

Activity: 321

Merit: 250

I don't really know what to say about this... lol

Um i guess if we have a dollar collapse it's possible but how exactly do you determine Bitcoins value without a fiat currency to compare it to?

If USD was to go away tomorrow how would you know how much a Bitcoin is worth?

JimboToronto

legendary

Activity: 4032

Merit: 4562

You're never too old to think young.

Quote from: chriswilmer on June 28, 2013, 04:00:41 PM

I bet the stories of how I gave away 1 BTC casacius coins to friends will seem completely unbelievable.

Kinda like 10,000BTC pizzas?

Viceroy

hero member

Activity: 924

Merit: 501

Quote from: Wagner2014 on June 30, 2013, 03:25:34 PM

We could reach $10 before $10,000...threads with titles like this make me bearish...

You can choose to vote or not. While certainly in no way scientific the results are fascinating to me.

Wagner2014

member

Activity: 84

Merit: 10

We could reach $10 before $10,000...threads with titles like this make me bearish...

ThatDGuy

hero member

Activity: 728

Merit: 500

Quote from: vokain on June 29, 2013, 10:43:26 PM

Quote from: ?? on ??

Stop spreading this crap. Its not realistic, you fuggin troll.

it is if we choose not to use fiat-based currency any longer

Yup. Bitcoin is a potential successor, or at least as a store of wealth and/or money transmitter.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: ?? on ??

Stop spreading this crap. Its not realistic, you fuggin troll.

it is if we choose not to use fiat-based currency any longer

monkeybars

sr. member

Activity: 278

Merit: 251

Quote from: zoinky on June 28, 2013, 04:53:04 PM

I've always seen 2017 as the golden year.

I agree with this in terms of adoption/usage. But the price won't hit the plateau until 2-5 years later.

Spring 2016 is my prediction for $10,000 USD/BTC.

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

I've always seen 2017 as the golden year.

molecular

donator

Activity: 2772

Merit: 1019

the dollar will be replaced by some other currency before that happens.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: ?? on ??

Quote from: chriswilmer on June 28, 2013, 04:00:41 PM

but I bet the stories of how I gave away 1 BTC casacius coins to friends will seem completely unbelievable.

they will say, Does not compute Cheesy

hopefully not "damn, should've kept that!"

chriswilmer

legendary

Activity: 1008

Merit: 1000

2020 is very reasonable in my opinion. I have no idea what 2030 or 2040 will bring... but I bet the stories of how I gave away 1 BTC casacius coins to friends will seem completely unbelievable.

Viceroy

hero member

Activity: 924

Merit: 501

Inspired by this thread https://bitcointalksearch.org/topic/maybe-i-am-the-last-bull-245802 I thought I'd try the scientific approach.

Before 2020 is my non-fact-based estimate. What do you think?

Topic: Bitcoin will reach $10,000 - page 2. (Read 5074 times)