Topic: What will push Bitcoin to $10,000 (Read 1105 times)

Bitcoin reached 10 thousand and even more as it was ( and it is) extremely popular crypto and many people believe into it.

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No, not 2017, we will see $5000 this year, but $10,000 I strongly believe we will see that once Trump fucks it up! and he will!

if those well established countries showed their big support about this system it would be another thing for china, as of now we are seeing their influence
but after that and support still becoming bigger from other places might be a turning point for bitcoin to pushed and jumped up to that level, we just needed to support and keep using it a currency not just an investment.

Right now none can clearly say what's the real factor that's gonna push the price reach $100000 or even higher. But the adoption and the increased usage for regular needs will surely contribute a large to the bitcoin price to grow. Apart from that when the adoption takes place as a whole same as the Japan, Australia and so on, we can expect this to happen in lesser time period.

lol I don't think it will be hittin 10k this year, is just a matter of time for bitcoin to rise but ain't going to hit that much this year.

Totally agreeing!

In my opinion if the november drama will be over the price will climb above 10 k $. We need to solve the Segwit x2 issue and the price will rise.

We should stop thinking about it as currency or as commodity

The other question then will be: Does it even make sense to change BTC into FIAT, when the price per coin hits 100k.
If the adaption reaches a point like in Swiss where they start to accept tax payments in Bitcoin. Why should I ever convert into paper money?

I would say around 2020-something too. The bond market is going to collapse and geopolitical situation with North Korea and so on will just keep getting worse. Add in the materialization of the brexit, add in Euro collapse... so many bullish reasons for BTC, and this is not considering the technological improvements that are coming such as lightning network, finally allowing everyone on the planet to transact BTC, or sidechains, rendering all alts useless.

BTC is going $100,000 next decade, forget $10,000. Trump will try to avoid the bond market crash for as long as possible but they can't stop this, nobody can.

I used to think along the same lines, but nowadays I'm not so sure anymore.

People tend to be more risk averse during bear markets, so with the current situation I think BTC would simply crash along with the rest of the markets -- similar to how the alt coins bleed whenever BTC is hit. I think to be deemed a proper hedge during times of financial crisis, BTC will need to reach USD 10k,- first and stay there for a couple years. Only then will it be seen as an asset as trustworthy as gold, any sooner than that I'm doubtful about BTC's viability as a recession hedge.

No these are not Chinese Media, but they are Fed media which will always find someone to blame, and make it front page! Does that mean China is a good player? No, it benefits from it.

i can not decide if this is FUD or just an overly pessimistic view!

China has always been a big player and it will remain that. don't read the English bullshit-news too much, they have nothing against bitcoin.
and no China alone won't be reason for rise nor fall.

neither US nor any European countries ever closed any doors on bitcoin to want to open it now. there is a lot of adoption, specially in US, but if any decent regulations like Japan take place it can be a big step forwards. and it WILL happen in time.

Japan was the reason for the big rise of this year and it will continue increase the adoption, specially now that they have also removed taxes from bitcoin payments.

LOL, why not?

they are also coming in these days. there have been increased interest among them towards bitcoin, not just because of the price but also because bitcoin is a global money which they can use oversees easily and the cheapest way possible.

people have been waiting for "financial melt downs" for as long as i can remember and they used to say bitcoin will rise because of it ever since it was $200 and started with bitcoin.

and not only "financial melt downs" never happened but bitcoin price went nearly to $5000 without it! and will continue to do so.

i did not know Coindesk, cryptocoinnews, news.bitcoin.com,... and others like bloomberg, CNN,.... belong to China. good to know.
because the real news in Chinese has no mention of the rumors on any of above links!

My friend who is a photographer in hawaii learned about bit coin about 3 years ago because a lot of her Japanese clients wanted to pay her in bitcoin.

This will not happened! You don't know how the U.S Fed works, nor how the financial sector in the U.S.

No one cares what India will do (with respect to all my Indian friends)


You need something big! Something to force Bitcoin from a commodity to become a currency as you said.

more acceptance as payment and more easy to use for a normal person who understands little of the crypto universe but wants to be involved

Demand. More and more people wants to own bitcoins. More and more people in the world wants to be free from governments. Crypto is the only way (unless you wanna carry 200kg of gold in a backpack)

the Chinese government spread the dark rumors obtained by the developed countries of the government support the people to prosper the people not the politics including managing the money control strategy

I think yes this is possible and if there will be financial meltdown, billion of fiat might move into bitcoin market cap pumping its price like hell.

Gross national debt of USA just crossed $20 trillion which is a shocking number.