When to hit $10,000? - page 20. | Bitcointalksearch.org

terman45x

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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.

It will take a long time to hit that price as it seems to impossible for next couple of months, it can reach there only if there is mass adoption in future.

BombayChicken

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The hard thing is that you never know when it will reach and for how long so that is difficult and risky, but the chance is really small that it can happen or it must jump.
If it is going to jump than many people will be happy so they can sell it with a huge profit.

BitsandBites

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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.

BombayChicken

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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.

It takes a really long time indeed if it will reach the 10.000 but the bad thing is that you have also to wait a really long time with Bitcoin if you want to make some profit with it.
It will never reach the 10.000 I think, you see that the value is now rising slowly and difficulty so that is not good for the people who already have some Bitcoins.

lottery248

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beware of your keys.

dammit bet for April this year and most likely failed. lol.
for the bitcoin to 10,000 is impossible unless most of the people accepts bitcoin as their alternative.
at least this month can go through 500.

angaper

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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.

Ulloa

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Not sure if the price ever will reach 10k. Look at how much trouble we have to go over 500 dollar.
I guess we can hit 5k in a few years but not much higher. The moment it does it makes btc the same as monopoly's money.

techgeek

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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

.

This is why everyone should have some partner in china lol.

Thats only sensible way to mine, and not by going with just getting a antminer, but getting a way to establish yourself outthere eventually.

richardsNY

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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.

d5000

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Decentralization Maximalist

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

.

Zaun

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Forza Roma

Quote from: romero121 on April 10, 2016, 11:46:54 AM

Quote from: CryptoBjorn on April 09, 2016, 02:58:30 PM

10k is a figure that will probably never happen. I just don't see it happening since the resistance is too big.
Even at just 500 dollar there are enough sell orders to keep the price there for years.

Will never happen, but it has its potential to give such a big price. Bitcoin might reach $10000 only after having a long history equal to our national currencies or long ago existed currencies.

I do not think it will ever happen, and I mean never its just unrealistic and not possible at all in my opinion, the bitcoin is now too small and even if its big it will not reach this amount.
I think the bitcoin can max go to the 5k in its life time honestly.

romero121

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Vave.com - Crypto Casino

Quote from: CryptoBjorn on April 09, 2016, 02:58:30 PM

10k is a figure that will probably never happen. I just don't see it happening since the resistance is too big.
Even at just 500 dollar there are enough sell orders to keep the price there for years.

Will never happen, but it has its potential to give such a big price. Bitcoin might reach $10000 only after having a long history equal to our national currencies or long ago existed currencies.

uki

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cryptojunk bag holder

Quote from: Mr. Big on April 10, 2016, 12:20:28 AM

Quote from: SocialBunnerGuy on April 09, 2016, 08:00:51 PM

It would definitely take a ton of years before we can hit that number. The first thing we have to do is actually spread the information of Bitcoin. Let people actually know about it. It's like trying to just to grade 9 before dealing with grade 7 and 8. One step at a time. There's no need to rush.

Yeah, it will be years from now before it could reach $10,000 or might be the unexpected drop..But for sure, if bitcoin is adopted by many, the price won't drop that easy even if don't reach a very high price..

Yes, if we get the mass adoption , we may finally reach that price in a very, very distant future. There are however very many 'ifs' on the way. The first one being, for example, with too many pumps and dumps of Bitcoin (at the verge of halving that is no.1 topic in here) the broader public may not be interested in switching into Bitcoin, in order not to carry the risk of losing their money.

Mr. Big

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While my guitar gently weeps!!!

Quote from: SocialBunnerGuy on April 09, 2016, 08:00:51 PM

It would definitely take a ton of years before we can hit that number. The first thing we have to do is actually spread the information of Bitcoin. Let people actually know about it. It's like trying to just to grade 9 before dealing with grade 7 and 8. One step at a time. There's no need to rush.

Yeah, it will be years from now before it could reach $10,000 or might be the unexpected drop..But for sure, if bitcoin is adopted by many, the price won't drop that easy even if don't reach a very high price..

SocialBunnerGuy

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It would definitely take a ton of years before we can hit that number. The first thing we have to do is actually spread the information of Bitcoin. Let people actually know about it. It's like trying to just to grade 9 before dealing with grade 7 and 8. One step at a time. There's no need to rush.

1Referee

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Quote from: techgeek on April 09, 2016, 04:13:52 PM

Quote from: LMGTFY on April 09, 2016, 11:55:56 AM

Quote from: BitHodler on April 09, 2016, 11:37:19 AM

Quote from: Rutdam on April 09, 2016, 10:02:08 AM

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.

According to the effect of network on the price. If the number of user increase 10 folds, the price will increase 100 folds. So the mass adoption can increase the price a lot.

And what if all these users are faucet farmers only and looking for free ways to collect as many Bitcoins as they can?

I am quite sure that these people will not have any effect on the price as they only look for free coins.

In that case I guess the network effect would be zero. But it seems like quite an implausible scenario. Is there anything to suggest that the demographics of new users has changed so dramatically?

That scenario of faucet farms to start with wont even happen.

Who would have the right mind to just continue to waste their time on a faucet? unless youre botting thats a different story.

Just look at how much traffic some popular faucets are generating every day. People that burn through faucets can earn around 0.0025BTC per day if they have enough free time. People from India and other countries where a large portion of the people don't have much income will welcome these faucets with open arms.

jt byte

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Quote from: uki on April 09, 2016, 05:35:45 PM

Quote from: CryptoBjorn on April 09, 2016, 02:58:30 PM

10k is a figure that will probably never happen. I just don't see it happening since the resistance is too big.
Even at just 500 dollar there are enough sell orders to keep the price there for years.

Agree. Talking about $10k price now is like talking about colonization of planets beyond the solar system. It is an interesting topic, but for sci-fi section.

LOL.
But that is the way it is. The price should slowly evolve to around 500 and then test 550 etc.
With the current sentiment i guess the price is good where it is.

Alas, finally some stability. Many people, me included has waited for this.

uki

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cryptojunk bag holder

Quote from: CryptoBjorn on April 09, 2016, 02:58:30 PM

10k is a figure that will probably never happen. I just don't see it happening since the resistance is too big.
Even at just 500 dollar there are enough sell orders to keep the price there for years.

Agree. Talking about $10k price now is like talking about colonization of planets beyond the solar system. It is an interesting topic, but for sci-fi section.

techgeek

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Activity: 826

Merit: 1000

Quote from: LMGTFY on April 09, 2016, 11:55:56 AM

Quote from: BitHodler on April 09, 2016, 11:37:19 AM

Quote from: Rutdam on April 09, 2016, 10:02:08 AM

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.

According to the effect of network on the price. If the number of user increase 10 folds, the price will increase 100 folds. So the mass adoption can increase the price a lot.

And what if all these users are faucet farmers only and looking for free ways to collect as many Bitcoins as they can?

I am quite sure that these people will not have any effect on the price as they only look for free coins.

In that case I guess the network effect would be zero. But it seems like quite an implausible scenario. Is there anything to suggest that the demographics of new users has changed so dramatically?

That scenario of faucet farms to start with wont even happen.

Who would have the right mind to just continue to waste their time on a faucet? unless youre botting thats a different story.

CryptoBjorn

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Activity: 714

Merit: 500

10k is a figure that will probably never happen. I just don't see it happening since the resistance is too big.
Even at just 500 dollar there are enough sell orders to keep the price there for years.

Topic: When to hit $10,000? - page 20. (Read 28156 times)