When to hit $10,000? - page 19. | Bitcointalksearch.org

techgeek

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Quote from: zby on April 17, 2016, 07:37:22 AM

Quote from: uki on April 17, 2016, 07:30:32 AM

...
$10k is a sci-fi section value, unless we go to a scenario of global financial meltdown that would destroy all fiat currencies, dollar included. Even then, I am not sure if Bitcoin (at its current development stage) would be the currency of choice. At the moment the 'ancient barbarian relics' called gold and silver have much bigger recognition world-wide and thus better chances to be the emergency money. But the chances that such a scenario will happen are relatively low.

No - it is just a bubble scenario. Nothing unsual actually.

Pretty much on point there.

Its a similar case when manipulated events happen to make these prices rise like in 2012 mt.gox exchange. So if an exchange does shady acts in the same nature, Id see those prices.

uki

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Quote from: zby on April 17, 2016, 07:37:22 AM

Quote from: uki on April 17, 2016, 07:30:32 AM

...
$10k is a sci-fi section value, unless we go to a scenario of global financial meltdown that would destroy all fiat currencies, dollar included. Even then, I am not sure if Bitcoin (at its current development stage) would be the currency of choice. At the moment the 'ancient barbarian relics' called gold and silver have much bigger recognition world-wide and thus better chances to be the emergency money. But the chances that such a scenario will happen are relatively low.

No - it is just a bubble scenario. Nothing unsual actually.

I would say the most bubblish scenario I can imagine does not exceed $2-3k at the peak value. This value comes from cycles analysis: we have finished two full 3 year cycles with either 1000 or 100 fold increase at the peak (from the start of the cycle), and thus the next one is supposed to have 10 fold increase from $250ish.

greghansel89

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I dont think it will hit 10k for longer period of time or maybe will not ever gonna happen.
There wont be any reason or scenario that would take it to that price.

zby

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Quote from: uki on April 17, 2016, 07:30:32 AM

...
$10k is a sci-fi section value, unless we go to a scenario of global financial meltdown that would destroy all fiat currencies, dollar included. Even then, I am not sure if Bitcoin (at its current development stage) would be the currency of choice. At the moment the 'ancient barbarian relics' called gold and silver have much bigger recognition world-wide and thus better chances to be the emergency money. But the chances that such a scenario will happen are relatively low.

No - it is just a bubble scenario. Nothing unsual actually.

1Referee

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Quote from: uki on April 17, 2016, 07:30:32 AM

Quote from: armansolis593 on April 16, 2016, 11:46:18 PM

Quote from: sidrab14 on April 16, 2016, 09:20:33 AM

Quote from: DashCoinDark on April 15, 2016, 08:53:16 AM

It will take a long time until it will reach that value and that is because the value is now stable for a long time and there are lot of people that is mad because of gambling.
But it would be nice if there will be more people that will have some profit, but it cant reach that value soon.

will not happen. Anyhow the next years will not happen. I also think the value it goes up.

Yes you are correct that it wont happen and never will be,10k is far from happening no matter what kind of speculation you go trough.

$10k is a sci-fi section value, unless we go to a scenario of global financial meltdown that would destroy all fiat currencies, dollar included. Even then, I am not sure if Bitcoin (at its current development stage) would be the currency of choice. At the moment the 'ancient barbarian relics' called gold and silver have much bigger recognition world-wide and thus better chances to be the emergency money. But the chances that such a scenario will happen are relatively low.

Let's pretend the economy in the world crashes down and all fiat currencies go down in value by a lot. If Bitcoin at that time reaches a price of $10,000, then that doesn't mean anything as fiat by that time is barely worth anything. Even if it reaches $10,000, then the real (non-economy crash) value would most likely be around $700-$1000 eventhough the price is sitting at $10,000. As you say, people will then most likely switch to precious metals as Gold and Silver.

uki

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Quote from: armansolis593 on April 16, 2016, 11:46:18 PM

Quote from: sidrab14 on April 16, 2016, 09:20:33 AM

Quote from: DashCoinDark on April 15, 2016, 08:53:16 AM

It will take a long time until it will reach that value and that is because the value is now stable for a long time and there are lot of people that is mad because of gambling.
But it would be nice if there will be more people that will have some profit, but it cant reach that value soon.

will not happen. Anyhow the next years will not happen. I also think the value it goes up.

Yes you are correct that it wont happen and never will be,10k is far from happening no matter what kind of speculation you go trough.

$10k is a sci-fi section value, unless we go to a scenario of global financial meltdown that would destroy all fiat currencies, dollar included. Even then, I am not sure if Bitcoin (at its current development stage) would be the currency of choice. At the moment the 'ancient barbarian relics' called gold and silver have much bigger recognition world-wide and thus better chances to be the emergency money. But the chances that such a scenario will happen are relatively low.

armansolis593

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Quote from: sidrab14 on April 16, 2016, 09:20:33 AM

Quote from: DashCoinDark on April 15, 2016, 08:53:16 AM

It will take a long time until it will reach that value and that is because the value is now stable for a long time and there are lot of people that is mad because of gambling.
But it would be nice if there will be more people that will have some profit, but it cant reach that value soon.

will not happen. Anyhow the next years will not happen. I also think the value it goes up.

Yes you are correct that it wont happen and never will be,10k is far from happening no matter what kind of speculation you go trough.

uki

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Quote from: DashCoinDark on April 15, 2016, 08:53:16 AM

It will take a long time until it will reach that value and that is because the value is now stable for a long time and there are lot of people that is mad because of gambling.
But it would be nice if there will be more people that will have some profit, but it cant reach that value soon.

value is stable for long time? since mid-January it is long time? Come on, give me a break.

sidrab14

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Quote from: DashCoinDark on April 15, 2016, 08:53:16 AM

It will take a long time until it will reach that value and that is because the value is now stable for a long time and there are lot of people that is mad because of gambling.
But it would be nice if there will be more people that will have some profit, but it cant reach that value soon.

will not happen. Anyhow the next years will not happen. I also think the value it goes up.

DashCoinDark

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It will take a long time until it will reach that value and that is because the value is now stable for a long time and there are lot of people that is mad because of gambling.
But it would be nice if there will be more people that will have some profit, but it cant reach that value soon.

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Quote from: setupbounds on April 13, 2016, 10:17:59 PM

I agree from 1000$ it will face heavy sell off
but some $800 or $700 only possible
then it will bounce back to $2000 for sure

Yeah I thought reaching $1000 means it is a great amount, I can't imagine $10,000, I don't know when it may happen. If it happen sure we all can become rich within a very short period.

luciann

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Quote from: KennyR on April 09, 2016, 12:49:55 AM

Quote from: nejibens on April 08, 2016, 04:13:46 PM

10.000$ is really high price, i don't know if Bitcoin will reach this price soon, but it's of course not simple.

$10000 is really high, but such a big rise can be expected only when users can mass adoption take place in accordance to the time period of existence.

I can see the adoption only because we seen how responsive the bitcoin debit card has been.

And overall people like the fact they use bitcoin offline using it with their debit cards, so I can see the same for the non-informed person.

setupbounds

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I agree from 1000$ it will face heavy sell off
but some $800 or $700 only possible
then it will bounce back to $2000 for sure

uki

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Quote from: richardsNY on April 10, 2016, 02:02:05 PM

Quote from: d5000 on April 10, 2016, 01:44:44 PM

If Bitcoin manages to fix the following problems:

scalability
energy consumption (which leads to high real transaction costs)
usability for non-technical minded people

then 10.000 are a possibility in the next 5 years. But in other cases I think the long-term value of BTC is only slightly above the actual price. I predict $500-1000 as the maximum for the second half of 2016, so the poll is very far away from reality (as we are already seeing) Wink

.

Even the best case scenario can't make the price reach $10,000 levels in 5 years (if ever). Where are the billions of dollars that we need to support a much higher price? Without this money not much will happen, and it allows semi whales to dump down the price easily.

Finally some reasonable posts in this thread. Good to see that I am not alone with my feet still on Earth and not out there on the moon.
$10k is a long way from here, if at all, and if and only if, the three points d5000 mentioned will be fully in place. For now these price levels are pure sci-fi.

AsaroUk

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Quote from: angaper on April 10, 2016, 05:03:26 PM

Quote from: tokeweed on December 20, 2015, 05:42:11 PM

Quote from: shamati on December 20, 2015, 10:03:46 AM

Your vote thanks Grin

Please an an option, 'Never'.

I agree with you mate. Perhaps, in my best dreams, the bitcoin price will reach the $2000 level in some years, but even I have several doubts about the continuity of bitcoin in the long run.

Yes indeed, it is almost not possible that it can reach that value, you already can see that the value is now not even rising even the halving is coming so that is already bad.
It is good that many people are positive but we have to be realistic and dont dream.

Hashminers

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Quote from: Hellacopter on April 11, 2016, 10:02:32 AM

Quote from: BitsandBites on April 11, 2016, 04:19:41 AM

This is not going to happen any time soon. We are just to far away from $10,000. We are now at just around $400 the deference is just to big at the moment. It can happen later on in the future but not right now.

I think so too, because the actual price is really far away from $10k and that's need long time and waiting till reaching this level . In the other hand, i think that Bitcoin price will increase again may be it could reach 1000$ soon.

Yeah it is possible for Bitcoin to hit $1000 bit $10,000 is just to far away from were we are now. We have to see things like $1000 and $2000 before we start talking about $10,000.

Yakamoto

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Quote from: alisafidel58 on April 11, 2016, 11:33:02 PM

Quote from: Piltover on April 11, 2016, 10:07:58 AM

It will take some time before the bitcoin is gonna hit the 10k most likely it will take a lot of years because its not as easy as the most people are saying in my opinion.
The bitcoin is something that is not something that can reach, it would firstly need a lot more users to succeed with this right ?

It is really impossible for bitcoin to reach that price and wont be reaching it unless all people are using bitcoin and companies have already join the use of bitcoin.

I think it is possible to hit $10k towards the end of the Bitcoin halving cycles, but we're taking about 208x here, nothing soon.

Maybe we can get there closer if inflation goes nuts, but you never know.

alisafidel58

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Quote from: Piltover on April 11, 2016, 10:07:58 AM

It will take some time before the bitcoin is gonna hit the 10k most likely it will take a lot of years because its not as easy as the most people are saying in my opinion.
The bitcoin is something that is not something that can reach, it would firstly need a lot more users to succeed with this right ?

It is really impossible for bitcoin to reach that price and wont be reaching it unless all people are using bitcoin and companies have already join the use of bitcoin.

Piltover

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It will take some time before the bitcoin is gonna hit the 10k most likely it will take a lot of years because its not as easy as the most people are saying in my opinion.
The bitcoin is something that is not something that can reach, it would firstly need a lot more users to succeed with this right ?

Hellacopter

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Quote from: BitsandBites on April 11, 2016, 04:19:41 AM

This is not going to happen any time soon. We are just to far away from $10,000. We are now at just around $400 the deference is just to big at the moment. It can happen later on in the future but not right now.

I think so too, because the actual price is really far away from $10k and that's need long time and waiting till reaching this level . In the other hand, i think that Bitcoin price will increase again may be it could reach 1000$ soon.

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