You are all pricing BTC with a fiat money. This is so wrong! The great question would be:
How many of BTCs needed to get a 100 ounces of gold or how many of BTCs needed to buy a 50 acre of land in KY or WA? True value of BTC could be seen with this approach.
Topic: Imagine 10000 - page 3. (Read 4796 times)
Holding till ~40k 
There is no way it is impossible.
A wide adoption can increase the price over 10K.
The question is, can Bitcoin handle all this power ? IT'S OVER 9000 !!!
A wide adoption can increase the price over 10K.
The question is, can Bitcoin handle all this power ? IT'S OVER 9000 !!!
I think we'll at least test $10,000 once in our lifetime.
Take it a little further... Imagine when entire countries see the light and begin to rely on bitcoins to store national wealth rather than gold.
And a rather significant fractions will have become lost by then.
$1000,000 easily!
Take it a little further... Imagine when entire countries see the light and begin to rely on bitcoins to store national wealth rather than gold.
And a rather significant fractions will have become lost by then.
$1000,000 easily!
It's too much! 1000 is ok, but 10,000?? Let's be serious.
He said "imagine". I do it all the time with the lottery. You should try it. Great way to kill time on my public bus commutes around the city. ;-)
Less coins available=higher value of the remaining ones.
[...]
How about mining gets sooooo unprofitable that most (99.999%) people just stop doing that. [...]
How long would a transaction of this many satoshi take in this case - hypothetically just a couple of computers still run the software, for the sake of it - ?
sorry but how mining could be unprofitable with price of $10000 (and probably still rising) per bitcoin?
Less coins available=higher value of the remaining ones.
[...]
How about mining gets sooooo unprofitable that most (99.999%) people just stop doing that. [...]
How long would a transaction of this many satoshi take in this case - hypothetically just a couple of computers still run the software, for the sake of it - ?
The same 10 minutes per confirmation as always?
100 million dollar pizza.
Mining difficulty is adjusted to the hash rate of the network. If 90% of miners dropped out the difficulty would drop, which would yield a bigger return for the remaining miners. Not an issue in other words. There will always be miners, even when all they get is the transfer fees.
Less coins available=higher value of the remaining ones.
[...]
How about mining gets sooooo unprofitable that most (99.999%) people just stop doing that. [...]
How long would a transaction of this many satoshi take in this case - hypothetically just a couple of computers still run the software, for the sake of it - ?
imagining the first "10 000 is boring" posts. 
Less coins available=higher value of the remaining ones.
Wonder if this was an intended feature?
Wonder if this was an intended feature?
the market "cap" will never be correct due to all the missing/destroyed/too afraud to spend due to theft coins etc
I'm with the Winkelvii
100x now so....
$40,000
100x now so....
$40,000
I'm imagining it as we speak. However, unfortunately, that does not seem to be having the desired effect.
I wouldn't like 10,000 much. The volatility would probably be mostly gone and I make much more profit by trading than just holding.
10k?
It's over 9000!
It's over 9000!
I want to come back to these threads when bitcoins are in the $5000+ range... there will be so many Dragonball Z references...
10k?
It's over 9000!
It's over 9000!
This would mean a market cap of ~200 billion.
This is certainly not impossible if bitcoin becomes a popular method of storing value, but still certainly a "black swan event".
This is certainly not impossible if bitcoin becomes a popular method of storing value, but still certainly a "black swan event".
I'm holding for $7,000,000
10,000 is chicken feed
10,000 is chicken feed
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