Topic: Will Bitcoin Reach $10,000 One Day? - page 4. (Read 5350 times)

There is a very strong chance it will reach 10k next year.

I am sure it will. I can see it being worth much more than that but it will take some time.

I would say that Bitcoins success depends entirely on it's adoption by the masses. If it does happen, I won't be surprised if it shoots up to 100,000 or even half a million per bitcoin.

It's possible but I don't think it's good unless there are other coins adopted by the masses to serve for the smaller transactions.

Well you can definitely bet on it.

BTC will be over 10k yes 1 day, but to use it illegally not so. Then we are all criminals. First all world dont like USD, so for some countries it is perfect not to relay on dollar they can exchange it into there own currency.

That why most of coin are used for.

It is a big problem for BTC, that it is more handled as an investment, than as a real currency.

As an investment, everyone is speculating, that BTC will be an accepted currency sometimes. Which would be nice, I admit, but actually to make this happen the big authorities have to accept them. States (Tax), Banks (Credits) and all those big companies delivering the daily needs (electricity, water, food, fuel) - and they cannot accept them before taxing system accepts them.

So ahdnling BTC just as an investment (which it is atm) will just lead to a sudden death of BTC .. trust will be zero and cryptocoins may disappear, leaving people with a big whole in thair financials.

This is not meant to be a future prediction, this is just meant as a very likely scenario, but it does not mean, that you NOW can make some $$$ out of it. As long as the bubble gets bigger, you have a good opportunity to pull others money.

edit: another very likely scenario is, that BTC will stay being a perfect currency for illegal usage. As long as there is enough Supply for different goods which can then be exchanged to real money, BTC could have a shining future as the next underground currency - for which it is very well suited. You can easily transfer "Money" from US to mexico without any risk. It will always be "clean" money when exchanged to something else which can be sold for $$$. Actually that is, what Cryptos are currently used for.

im thinking that bitcoin needs an alt coin to really help push eachother along. yes bitcoin is a pioneer. but the concepts that give it strength are not unique. yes we would all love to become millionaires very very quick. but but to have or not have a system in place that allows for personal freedom

If this happens it will be much higher

I made this exact comparison last week, I also agree with your entire statement.  The more people that invest in btc the stronger it becomes, because there are more people with more $$ that want it to succeed. If we have a economic downturn in large enough scale to fail btc, btc will be the last of everyone's worries.

Bitcoin might reach 10k at some point, but I think it will be way down the road.  I think you'll see a pretty steady rise into next year, my guess is somewhere around 4-5k by the end of 2014.

This Bitcoin phenomenon is interesting.  It really is an experiment in mass psychology.  The value of Bitcoin depends solely on confidence, since it is backed by nothing (dissipated power doesn't count!).  I can tell you this from personal experience.  I had a considerable stake in Bitcoins during the April crash, having bought in at the low $100s.  I eventually liquidated my position and considered giving up on this altogether.  Admittedly, I was in it for the wrong reasons (get in, get out, get rich).  I decided to throw caution to the wind and daytrade.  It was quite easy double or even triple a stash post crash, to my delight (high volatility and no real trends to speak of, just sloshing back and forth - easy coins!).  Then, I was caught up in the second Bitfloor fiasco, where the exchange closed its doors.  I panicked and sold my Bitcoins minutes before the exchange went offline (I expected a massive price correction across all exchanges - stupid, stupid, stupid).  I had to wait several months to get my fiat out (I have to hand it to Roman, he held up his end of the bargain).  A few months ago, I went all in sub $200 and have been very pleased with the performance.  The experience gave me a much stronger hand.  Whales feed off of weak hands.  Plus, the earlier you jump in, the deeper the market has to correct before you'll get heartburn (generally).  My advice to newbies is this: Take everything you can afford to lose and either go all in on Bitcoin or spread a portion of your stash across the ocean of altcoins out there (everything from Litecoins to Quarkcoins, Stablecoins, etc).  Then, forget about cryptocoins for a few months.  Watching charts does you no good if you don't plan on daytrading.

I've been lurking around these forums for about a year and there are many subhuman people here who are interested in nothing more than spreading unsubstantiated fear, doubt, and negativity.  You see the same people popping up and humping that Bitcoin doomsday leg, hoping for some cheap coins.  What a sad existence.  If you want a good laugh, go back several months and look at all of the failed predictions, hunches and "security flaws".  Regarding Bitcoin's future, nobody knows what will happen.  No one person or group can match wits with hundreds of millions of entrepreneurs.  We are all along for the ride .. some will get lucky with their guesses.  One thing is for certain.  As the price increases, the technology and surrounding infrastructure becomes increasingly robust (think of money flooding into a developing nation).  Thus, the likelihood of a deep crash becomes increasingly improbable as the days march on.  There will be bugs, glitches, scares, etc. and people will panic sell, losing their shirts in the process.  Problems will be fixed.  Fears will be dispelled.  The price will recover.

Regarding $10k, I'd say the price will (over the "long term") either go to basically $0 or will run far beyond $10k.  For it to go to $0, I think there would have be a global cataclysmic event or a competing technology so obviously superior in every way that no one would ever use a Bitcoin again.  This reminds me of Facebook vs Myspace, but you know what?  There are still millions of people who use Myspace for some reason.  Being the Myspace of the cryptocurrency world wouldn't be all that bad for a worst case scenario

I don't think the investor mass-exodus is going to happen. I'd wager the majority of investors in BTC are smart enough to know to ride out market turbulence. Additionally, investors didn't go 'all-in' with BTC. This isn't, for example, their fiat-retirement or generations of family-money at stake.

Has to, it's the next currency.


(Well that's today's fill of pretentiousness)

Honestly I think bitcoin may crash soon. As soon as th price dips a bit people will start pulling out their money and cause it to lose value quickly but I doubt it'll dip below $200 . I'm just here for the ride :p

Bitcoin is deflationary, as long as demand remains it will easily hit 10k

I would love to see Bitcoin reach over 10k. I personally like the "rocky" feel to the whole idea. A concept that came from a point in time when we needed this massive change. We are at a point where information is becoming more and more widely available. Still feels like we are in the wild west of technological advancement. So this is very much a Gold rush period of time. Learning about bitcoin when it first came about, but i soon dismissed it and focused on earning money in a more traditional way. through further education about the world money system, supporting bitcoin and other digital currencies is what im gonna be putting my focus and attention on. hopefully there are others on the same wave length. Good luck everyone

It seems that right now the vast majority of people who are buying into bitcoin are doing so as an investment, not to spend them on products or services.
imo the only way bitcoin hits 10k is if it becomes a widely accepted form of payment. I believe most people will be hard pressed to pay 10k for something with little actual purpose.

I do tend to believe that we will see bitcoin and other altcoins become more mainstream over the next few years and as such the value will rise as demand does.

It's all about public perception. Anyone heard of a financial column/site called The Motley Fool? The crypto-world needs to copy them. The Motley Fool finds a small company somewhere and they hype the hell out of their stock with a positive sales/promotional pitch. Their sales pitch works, it drives those stocks up, and their subscribers make money. Now for crypto, everyone should hype it up. We find that not many people know that they can buy partial Bitcoins and when they see 1 BTC for $1000, they shy away. "Too expensive," they say. We say, "Spend $25.00, $50.00, whatever you want. It's in essence the Poor Man's Stock Market." Guess what? They like that, and they go and buy little bits and pieces. It's growing, and how this grows depends almost entirely on what people think of it.

The one problem I have with bitcoin is stability. It is increasing rapidly but that also means that it could decrease rapidly as well