Five digits - page 4. | Bitcointalksearch.org

ASHLIUSZ

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Quote from: Fatanut on June 25, 2016, 10:15:53 AM

Quote from: zimmah on June 08, 2016, 07:19:10 PM

Quote from: Piladeer on June 08, 2016, 02:24:37 PM

Quote from: DomesticTrader on May 25, 2016, 06:25:05 PM

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

~Snip~

An altcoin can only surpass bitcoin if it has more users, because of the network effect. And every day that is not happening, it will become harder to happen in the future. It won't take long before bitcoin will reach critical mass, at which point it won't ever be surpassed.

It is almost impossible for an alt coin to surpass bitcoins because the total amount of all the altcoin users is just a portion of the total bitcoin users. Never have I seen a variant of something surpass the original one. If we think of the amount of audience as a race, bitcoin is already far far away and alt coins are just still in the beginning.

altcoins are already based on the Bitcoin blockchain. The only real possible scenario where an altcoin could overtake Bitcoin is if there is some serious flaw in the code that basically causes Bitcoin to stop working. other than that altcoins can never surpass bitcoin.

Gotottack

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Quote from: Fatanut on June 25, 2016, 10:15:53 AM

Quote from: zimmah on June 08, 2016, 07:19:10 PM

Quote from: Piladeer on June 08, 2016, 02:24:37 PM

Quote from: DomesticTrader on May 25, 2016, 06:25:05 PM

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

~Snip~

An altcoin can only surpass bitcoin if it has more users, because of the network effect. And every day that is not happening, it will become harder to happen in the future. It won't take long before bitcoin will reach critical mass, at which point it won't ever be surpassed.

It is almost impossible for an alt coin to surpass bitcoins because the total amount of all the altcoin users is just a portion of the total bitcoin users. Never have I seen a variant of something surpass the original one. If we think of the amount of audience as a race, bitcoin is already far far away and alt coins are just still in the beginning.

that is right. there are also many bitcoin shills. They will try their best to troll in other "successful" altcoins.

Bitcoin Brazil

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Quote from: md1120 on June 25, 2016, 09:49:47 AM

So, It's time to buy?

Well, if you wanna make a quick profit, maybe buying right now and selling two weeks from now will do. Or maybe depending after halving, the price will drop and you could buy then.

My suggestion, buy right now

Fatanut

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Quote from: zimmah on June 08, 2016, 07:19:10 PM

Quote from: Piladeer on June 08, 2016, 02:24:37 PM

Quote from: DomesticTrader on May 25, 2016, 06:25:05 PM

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

~Snip~

An altcoin can only surpass bitcoin if it has more users, because of the network effect. And every day that is not happening, it will become harder to happen in the future. It won't take long before bitcoin will reach critical mass, at which point it won't ever be surpassed.

It is almost impossible for an alt coin to surpass bitcoins because the total amount of all the altcoin users is just a portion of the total bitcoin users. Never have I seen a variant of something surpass the original one. If we think of the amount of audience as a race, bitcoin is already far far away and alt coins are just still in the beginning.

md1120

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So, It's time to buy?

harizen

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Quote from: freedomgo on June 25, 2016, 04:05:14 AM

Quote from: AsaroUk on June 21, 2016, 03:41:11 PM

In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

5 digits will not happen in the next two years. But with the help of more adoptions and devleopments, it could happen in 5 to 10 years.

More adoptions and developments will just lead for an increase of bitcoin usage as a currency.

If that is the case, bitcoin price will not that go for a surge even for many years as coins will now be on a regular circulation in the world of currency.

panju1

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Quote from: Eternadars on June 21, 2016, 02:31:56 PM

Quote from: newcoins1978 on June 09, 2016, 04:23:35 AM

A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more years before we have finally reached the five digit price.

I agree with that. It will take 3 to 4 years to take the price to 5 digits. It will also need good adoption level.

It probably will have a chance at the next block reward halving.
There will be a sea change in the bitcoin ecosystem before that.

JumperX

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Quote from: AsaroUk on June 21, 2016, 03:41:11 PM

In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

We can expect 5 digits in next 5 years and not before that, as its taking too long to reach even 4 digits so its not possible to achieve 5 digits in this year for sure.

freedomgo

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Quote from: AsaroUk on June 21, 2016, 03:41:11 PM

In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

5 digits will not happen in the next two years. But with the help of more adoptions and devleopments, it could happen in 5 to 10 years.

AsaroUk

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In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

Eternadars

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Quote from: newcoins1978 on June 09, 2016, 04:23:35 AM

A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more years before we have finally reached the five digit price.

I agree with that. It will take 3 to 4 years to take the price to 5 digits. It will also need good adoption level.

zimmah

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Quote from: newcoins1978 on June 09, 2016, 04:23:35 AM

A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more ~~years~~ months before we have finally reached the five digit price.

FTFY

newcoins1978

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A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more years before we have finally reached the five digit price.

techgeek

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Its obviously going to take some significant time.

Unless some crazy adaptive measures take place, are people perceive bitcoin as a gov partnered thing like a treasury note.

But outside from the obvious remarks above, its better to just focus on current price which is still good being $580ish in 1 month span of time.

zimmah

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Quote from: Piladeer on June 08, 2016, 02:24:37 PM

Quote from: DomesticTrader on May 25, 2016, 06:25:05 PM

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

2020?

how long did facebook need to grow from 1 million to 5 million?

and how long dd it take to go from 5 million to 12 million?

and from 12 million to 600 million?

growth is exponential, not linear.

don't expect bitcoin to be different.

It will either fail completely or be the most successful currency ever.

With this many users I doubt it will fail, since even though there is competition, every day bitcoin is the biggest it will continue to gain more users exponentially, so it will be exponentially harder for altcoins to surpass bitcoin.

An altcoin can only surpass bitcoin if it has more users, because of the network effect. And every day that is not happening, it will become harder to happen in the future. It won't take long before bitcoin will reach critical mass, at which point it won't ever be surpassed.

gentlemand

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Quote from: helloeverybody on June 08, 2016, 02:53:50 PM

Indeed but chances are if we get to that kind of value then actual finance professionals are already onboard, If bitcoin continues as it is then its going to be used more as a store of value and not used to actually buy anything. If this is the case then 10k would be a life changing amount for many people who would probably want to cash out. Im a holder i just dont think we can reach such heights.

Im also willing to accept crowd funding for a mind blowing experience aboard the ISS

Ok. I'll see what I can rustle up.

I'm not sure anyone can yet guess what Bitcoin's going to become. I think the store of value case makes more sense than internet currency. In that case if a sufficient chunk of the global population agreed then 10k would be a ludicriously low valuation.

It might become the de facto currency for obtaining other assets. If I was selling my fancy house would I prefer crappy old dollars that I'd immediately want to shift into another asset or sit and relax with my Bitcoins for a while?

helloeverybody

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Quote from: gentlemand on June 08, 2016, 02:46:39 PM

Quote from: helloeverybody on June 08, 2016, 02:41:44 PM

So your confirming what ive said then but instead of hundreds of people your right, thousands of people have more than 100 bitcoins and would be more than eager to cash them in should it hit 10k per coin. Therefore 10k would not be very easy to reach and maintain.

Depends on the nature of the rise. If it was spiraling beyond 10k then why would you sell? It would be doing what it was designed to do which is deflate. Also you'd probably have many more options to directly buy the stuff you fancy. That would negate any need to sell it. If you don't want to buy anything then you may as well sit back and let it continue to appreciate.

Having said that I'm sure there are enough traders who'd be happy to attempt to oblige but if that price level was nudged, and who knows whether it ever will, there'll have to be a ton more demand and some actual finance professionals getting on board. The current crop of traders would be wiped out or sit on their hands like most holders.

Indeed but chances are if we get to that kind of value then actual finance professionals are already onboard, If bitcoin continues as it is then its going to be used more as a store of value and not used to actually buy anything. If this is the case then 10k would be a life changing amount for many people who would probably want to cash out. Im a holder i just dont think we can reach such heights.

Im also willing to accept crowd funding for a mind blowing experience aboard the ISS

gentlemand

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Welt Am Draht

Quote from: helloeverybody on June 08, 2016, 02:41:44 PM

So your confirming what ive said then but instead of hundreds of people your right, thousands of people have more than 100 bitcoins and would be more than eager to cash them in should it hit 10k per coin. Therefore 10k would not be very easy to reach and maintain.

Depends on the nature of the rise. If it was spiraling beyond 10k then why would you sell? It would be doing what it was designed to do which is deflate. Also you'd probably have many more options to directly buy the stuff you fancy. That would negate any need to sell it. If you don't want to buy anything then you may as well sit back and let it continue to appreciate.

Having said that I'm sure there are enough traders who'd be happy to attempt to oblige but if that price level was nudged, and who knows whether it ever will, there'll have to be a ton more demand and some actual finance professionals getting on board. The current crop of traders would be wiped out or sit on their hands like most holders.

rjclarke2000

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Quote from: gentlemand on June 08, 2016, 02:38:59 PM

Quote from: helloeverybody on June 08, 2016, 02:32:15 PM

It would have to be a couple of serious whale spending somewhere in the billions on bitcoin which isnt going to happen. Think about it. Someone with just 100 bitcoins which is nothing can cash out with 1 million and there are literally hundreds of people with the same or more, That 10k bitcoins would get eaten up in no time.

Literally hundreds of people? Steady on there. You might blow your own mind. I think we should crowd fund you a month on the ISS to remind that you're living on a large planet and more than a few hundred people live there. There might be thousands even.

This reply is very amusing but very true.

helloeverybody

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Quote from: gentlemand on June 08, 2016, 02:38:59 PM

Quote from: helloeverybody on June 08, 2016, 02:32:15 PM

It would have to be a couple of serious whale spending somewhere in the billions on bitcoin which isnt going to happen. Think about it. Someone with just 100 bitcoins which is nothing can cash out with 1 million and there are literally hundreds of people with the same or more, That 10k bitcoins would get eaten up in no time.

Literally hundreds of people? Steady on there. You might blow your own mind. I think we should crowd fund you a month on the ISS to remind that you're living on a large planet and more than a few hundred people live there. There might be thousands even.

So your confirming what ive said then but instead of hundreds of people your right, thousands of people have more than 100 bitcoins and would be more than eager to cash them in should it hit 10k per coin. Therefore 10k would not be very easy to reach and maintain.

Topic: Five digits - page 4. (Read 12263 times)