Five digits - page 5. | Bitcointalksearch.org

gentlemand

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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.

helloeverybody

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Quote from: manselr on June 08, 2016, 02:27:40 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.

Again, active users don't matter. Does gold have 5 million people constantly paying for stuff with gold? exactly.
We just need a couple whales to get in and price goes beyond $10000 easy.

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.

manselr

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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.

Again, active users don't matter. Does gold have 5 million people constantly paying for stuff with gold? exactly.
We just need a couple whales to get in and price goes beyond $10000 easy.

helloeverybody

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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.

It is crazy, the main growth of bitcoins price has already happened. It gets alot harder to get that kind of growthe the higher the amount gets. People would literally have to be throwing money into it to get it to reach 10k and hardly anyone would be able to sell without affecting the price. Thing is once it got anywhere even near 1k people will sell straight off the mark.

Piladeer

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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.

techgeek

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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.

Its not technically wrong.

Yes, its wrong in the sense of natural price growth - but several buy orders on the exchange by a group of people or a whale can influence on price if they buy enough bitcoins.

Its all about buy orders - and peoples reactions to follow that trail to submit to buying when they dont need it due to fear or misc stuff.

DomesticTrader

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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.

talks_cheep

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Quote from: zimmah on May 25, 2016, 04:43:36 PM

Quote from: Piladeer on March 15, 2016, 07:35:06 AM

Quote from: Pollak on March 06, 2016, 08:58:16 AM

I believe the price will never reach 5 digits. reason why is that is too absurd. 10k is so far from reality that it don't makes any sense.
But with bitcoin you never now...

No. It will reach $10,000 or $100,000 in the future. It will just take long time. 5 years ago, the price was less than $1.

exactly.

people who think bitcoin will never go to $10,000 are delusional.

bitcoin is a VERY LIMITED resources with a LOT of potential.

If even 10% of humanity would use bitcoin on a regular basis and want to transfer a large portion of their wealth in bitcoin because they either find it more convenient or more safe than fiat, than that alone would make the price of bitcoin explode.

$10,000 is absolutely nothing compared to every other market in the world. The markets measure things in billions, trillions even, and the bitcoin market trades only a few millions a day, that's absolutely pathetic amounts of money.

1 single rich guy like for example mark zuckerburg or bill gates or warren buffet could on his own buy ALL bitcoins for the current price and it wouldn't even cost him all his money.

How can a currency this good be worth so little that 1 single person could theoretically buy the ENTIRE SUPPLY easily?

Bitcoin is way too small, and it will need to grow by several orders of magnitude. $10,000 is just the start. It will be closer to $10,000,000 by the time it reaches its final value. (In terms of current day dollars).

Anyone who thinks bitcoin will stay below $10,000 forever has no understanding of basic economics whatsoever.

Actually, exactly 2 years ago, the price was $700. We've hit the apex of success at $1200 in late 2013 and we've been declining. You can say we are currently recovering. Just because it was less than $1 five years ago, does not mean it will continue to grow exponentially. We can dream of $10,000 bitcoin but I fear we will never see it in our life time. Why? Because of China. China has the most amount of bitcoins, they control the mining, they control the production of miners, they control the trades, they control all aspects of bitcoins. Bitcoin has become China's cryptocurrency, they own it. As long as they own it, they will play games and to play games, it won't behoove them to jack up the price too much so soon. It's better to slowly, incrementally increase or decrease the price, TO MITIGATE THE RISK AND TO MAXIMIZE THE PROFIT.

talks_cheep

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Quote from: zimmah on May 25, 2016, 04:43:36 PM

Quote from: Piladeer on March 15, 2016, 07:35:06 AM

Quote from: Pollak on March 06, 2016, 08:58:16 AM

I believe the price will never reach 5 digits. reason why is that is too absurd. 10k is so far from reality that it don't makes any sense.
But with bitcoin you never now...

No. It will reach $10,000 or $100,000 in the future. It will just take long time. 5 years ago, the price was less than $1.

Actually, exactly 2 years ago, the price was $700. We've hit the apex of success at $1200 in late 2013 and we've been declining. You can say we are currently recovering. Just because it was less than $1 five years ago, does not mean it will continue to grow exponentially. We can dream of $10,000 bitcoin but I fear we will never see it in our life time. Why? Because of China. China has the most amount of bitcoins, they control the mining, they control the production of miners, they control the trades, they control all aspects of bitcoins. Bitcoin has become China's cryptocurrency, they own it. As long as they own it, they will play games and to play games, it won't behoove them to jack up the price too much so soon. It's better to slowly, incrementally increase or decrease the price, TO MITIGATE THE RISK AND TO MAXIMIZE THE PROFIT.

HarryKPeters

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Quote from: zimmah on May 25, 2016, 04:43:36 PM

Quote from: Piladeer on March 15, 2016, 07:35:06 AM

Quote from: Pollak on March 06, 2016, 08:58:16 AM

I believe the price will never reach 5 digits. reason why is that is too absurd. 10k is so far from reality that it don't makes any sense.
But with bitcoin you never now...

No. It will reach $10,000 or $100,000 in the future. It will just take long time. 5 years ago, the price was less than $1.

exactly.

people who think bitcoin will never go to $10,000 are delusional.

bitcoin is a VERY LIMITED resources with a LOT of potential.

If even 10% of humanity would use bitcoin on a regular basis and want to transfer a large portion of their wealth in bitcoin because they either find it more convenient or more safe than fiat, than that alone would make the price of bitcoin explode.

$10,000 is absolutely nothing compared to every other market in the world. The markets measure things in billions, trillions even, and the bitcoin market trades only a few millions a day, that's absolutely pathetic amounts of money.

1 single rich guy like for example mark zuckerburg or bill gates or warren buffet could on his own buy ALL bitcoins for the current price and it wouldn't even cost him all his money.

How can a currency this good be worth so little that 1 single person could theoretically buy the ENTIRE SUPPLY easily?

Bitcoin is way too small, and it will need to grow by several orders of magnitude. $10,000 is just the start. It will be closer to $10,000,000 by the time it reaches its final value. (In terms of current day dollars).

Anyone who thinks bitcoin will stay below $10,000 forever has no understanding of basic economics whatsoever.

What if the project is overthrown by another currency? Bitcoin has been there for 7 years and marketing wise & development not so much has happened. Which means something is up.
Even the Bank of England has it's own crypto currency

Yes I do believe in crypto's potential, and even more how bitcoin has grown, but it's possible it will come from something (10k, 100k etc.).

zimmah

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Quote from: Piladeer on March 15, 2016, 07:35:06 AM

Quote from: Pollak on March 06, 2016, 08:58:16 AM

I believe the price will never reach 5 digits. reason why is that is too absurd. 10k is so far from reality that it don't makes any sense.
But with bitcoin you never now...

No. It will reach $10,000 or $100,000 in the future. It will just take long time. 5 years ago, the price was less than $1.

exactly.

people who think bitcoin will never go to $10,000 are delusional.

bitcoin is a VERY LIMITED resources with a LOT of potential.

If even 10% of humanity would use bitcoin on a regular basis and want to transfer a large portion of their wealth in bitcoin because they either find it more convenient or more safe than fiat, than that alone would make the price of bitcoin explode.

$10,000 is absolutely nothing compared to every other market in the world. The markets measure things in billions, trillions even, and the bitcoin market trades only a few millions a day, that's absolutely pathetic amounts of money.

1 single rich guy like for example mark zuckerburg or bill gates or warren buffet could on his own buy ALL bitcoins for the current price and it wouldn't even cost him all his money.

How can a currency this good be worth so little that 1 single person could theoretically buy the ENTIRE SUPPLY easily?

Bitcoin is way too small, and it will need to grow by several orders of magnitude. $10,000 is just the start. It will be closer to $10,000,000 by the time it reaches its final value. (In terms of current day dollars).

Anyone who thinks bitcoin will stay below $10,000 forever has no understanding of basic economics whatsoever.

freedomgo

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Quote from: maokoto on May 12, 2016, 09:39:18 AM

A five digit price would mean a revolution. I do not think it can go up to that with the tech we have now. Blocksize problem solved, much faster transactios, ease of use for not techy people etc. should be in place for that price to happen.

That is right. I think the price will not reach 5 digits in the next few years unless 5 million people use bitcoin.

maokoto

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A five digit price would mean a revolution. I do not think it can go up to that with the tech we have now. Blocksize problem solved, much faster transactios, ease of use for not techy people etc. should be in place for that price to happen.

AsaroUk

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Quote from: ElpadroBitcoin on May 11, 2016, 10:28:13 AM

If the price is going to be five digits in the future that will be insane. I do not want to get my hopes up to high but it would be nice, it will earn me allot of money that is for sure.

It will be the best day of my live the day that the Bitcoin price is going to hit five digits. That means that the price has to be at least $10,000.
But how big is the chance of that actually happening because I do not know the answer.

uki

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@OP: why not six digits? Five is too low, we should aim for six. Dream big, then wake up and check the real price. Make sure to call the ambulance before that.

Denker

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Quote from: ElpadroBitcoin on May 11, 2016, 10:28:13 AM

If the price is going to be five digits in the future that will be insane. I do not want to get my hopes up to high but it would be nice, it will earn me allot of money that is for sure.

Let's do the four digits first I'd say.The way to 5 digits is a very long one.
And yeah that would indeed be incredible.Everything is possible I say.
But let's start with small steps first.

ElpadroBitcoin

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If the price is going to be five digits in the future that will be insane. I do not want to get my hopes up to high but it would be nice, it will earn me allot of money that is for sure.

freedomgo

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Quote from: ~Bitcoin~ on March 15, 2016, 11:53:42 AM

Quote from: Laosai on March 15, 2016, 09:40:36 AM

Lol, calm down.

Let btc reach 4 digits it would be cool you know... Cause I'm still waiting for the 500$ in fact!

you are waiting 500 and some are waiting even 450 to sort bitcoin, in this way value of bitcoin is always kept low. Small marketcap and quick day traders killing value of bitcoin.

If the bitcoin is used widely in eEcommerice, the price will go much higher. it depends on the usage of the coin.

~Bitcoin~

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Quote from: Laosai on March 15, 2016, 09:40:36 AM

Lol, calm down.

Let btc reach 4 digits it would be cool you know... Cause I'm still waiting for the 500$ in fact!

you are waiting 500 and some are waiting even 450 to sort bitcoin, in this way value of bitcoin is always kept low. Small marketcap and quick day traders killing value of bitcoin.

Denker

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Quote from: Laosai on March 15, 2016, 09:40:36 AM

Lol, calm down.

Let btc reach 4 digits it would be cool you know... Cause I'm still waiting for the 500$ in fact!

Yes better to go small steps and expectations first.
And in the end every small step added will result in a big one.

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