Topic: Will Bitcoin Reach $10,000 One Day? - page 5. (Read 5348 times)
Right not the demand is being fueled by hype. I don't know if hype will take it to $10,000. But as more people start using BitCoins for buying and selling stuff, the value would definitely exceed $10,000. Right now the BitCoin market cap is much lower than yearly revenue for the big retailers. They are not going to start accepting it for a while. The onus is on the smaller, or new players to accept BitCoins in exchange for their services and push for its adoption. But changes like that can take years to happen.
seems it actually may 
We just need the public to realize they can't trust everything they hear on tv, or read in the newspaper.
Trust is a very important part of bitcoin. Less trust in society will not favour technologies relying on just that.
I'm going to throw in my 2 cents..
I watched this video, and I agree with it 100%, I highly recommend to give it a watch, I think you have to read between the lines and just take a look around you to see how valuable bitcoin really could be.
http://www.youtube.com/watch?v=w4HGVJjqDVk
I believe that economies around the world are slowly being crippled due to corrupt government officials, poor decisions and wasting tax payers money juggling debts from book to book. Everyone (mainly the mainstream media) is talking about how our economies are finally "rebounding" from the 2008 recession, but you don't have to look far to see that this is clearly not the case.
We all heard about the recent "US Shutdown" right?, I believe something similar to this (albeit much worse), is right around the corner (mid - late 2014). I think the value of bitcoin will really be seen by the general public when they see their beloved fiat currency slowly melt like ice bit by bit, the next significant drop in the USD will cause the price of bitcoin to skyrocket.
I'm certain another recession is on its way in the next 2-5 years, and this one will be the BIG one, the one where many people will lose A LOT of money, assets and ultimately everything they've worked towards, putting all their trust into greedy banks and thieves who call themselves "Government Officials" or whatever.
I think the true value of bitcoin is way above its current $1000+ USD, but the general public just don't see it yet (They put all their faith in the governments and banks, who take your money for an entire year, and give you back a poxy 3-5% in interest (which you will also pay tax on)).
I don't like to keep "all my eggs in one basket", and i'm a true believer that innovation in technology and finance will really push our economy forward (and bitcoin is an example of this).
I'm going to throw my guess in at over $20,000 per BTC within the next 3 years, (We just need the public to realize they can't trust everything they hear on tv, or read in the newspaper), and due to bitcoin's limited availability (and that its divisible to 8 decimal places), I believe its just going to go higher and higher, year after year.
Sources (Google):
"economic outlook 2014"
"us debt crisis 2014"
1FbQwFX9wXbEHEqsZ2RVzrnev2iVLNREpc
I watched this video, and I agree with it 100%, I highly recommend to give it a watch, I think you have to read between the lines and just take a look around you to see how valuable bitcoin really could be.
http://www.youtube.com/watch?v=w4HGVJjqDVk
I believe that economies around the world are slowly being crippled due to corrupt government officials, poor decisions and wasting tax payers money juggling debts from book to book. Everyone (mainly the mainstream media) is talking about how our economies are finally "rebounding" from the 2008 recession, but you don't have to look far to see that this is clearly not the case.
We all heard about the recent "US Shutdown" right?, I believe something similar to this (albeit much worse), is right around the corner (mid - late 2014). I think the value of bitcoin will really be seen by the general public when they see their beloved fiat currency slowly melt like ice bit by bit, the next significant drop in the USD will cause the price of bitcoin to skyrocket.
I'm certain another recession is on its way in the next 2-5 years, and this one will be the BIG one, the one where many people will lose A LOT of money, assets and ultimately everything they've worked towards, putting all their trust into greedy banks and thieves who call themselves "Government Officials" or whatever.
I think the true value of bitcoin is way above its current $1000+ USD, but the general public just don't see it yet (They put all their faith in the governments and banks, who take your money for an entire year, and give you back a poxy 3-5% in interest (which you will also pay tax on)).
I don't like to keep "all my eggs in one basket", and i'm a true believer that innovation in technology and finance will really push our economy forward (and bitcoin is an example of this).
I'm going to throw my guess in at over $20,000 per BTC within the next 3 years, (We just need the public to realize they can't trust everything they hear on tv, or read in the newspaper), and due to bitcoin's limited availability (and that its divisible to 8 decimal places), I believe its just going to go higher and higher, year after year.
Sources (Google):
"economic outlook 2014"
"us debt crisis 2014"
1FbQwFX9wXbEHEqsZ2RVzrnev2iVLNREpc
It seems inevitable at this point.
Perhaps a year away, maybe. LTC seems to be following the same path.
Perhaps a year away, maybe.
LTC seems to be following the same path. 
Your Opinion,
Let it happen.
BTC
Let it happen.
BTC
About this time last year people were asking if Bitcoin would hit $100 one day, which was considered a very generous estimate for the end of this year, and here we are now at $1,000. I'd expect more ups and downs, there will be bad news related to Bitcoin at some point which will lead some to question it. Assuming there isn't some catastrophic flaw in the protocol that has been missed I think we will see $10,000 Bitcoin at some point, and probably sooner rather than later.
It's possible for it to reach $10,000 eventually. It won't happen yet though. I can see Bitcoin possibly reaching $1,500+ by the end of the year.
After being caught by the recent bull, I think it has the potential to reach $10,000 by the end of 2014 or slightly later. It will probably never go below $1,000 next year.
Bitcoins are limited and demand for them is continually growing due to privacy concerns, tax avoidance, media attention etc. Bitcoin being limited is what makes it deflationary unlike fiat currencies.
Although i agree tha bitcoins nature is deflationary, you just mentioned all the wrong reasons about why bitcoin growths. Tax avoidance, privacy etc it was some of the dreams of some libertarians that initially endorsed the currency. Since then much have changed. Just see how the price has skyrocketed after the closing of SR.
Nobody knows the exact or even orientative value of Bitcoin. As of now, it's gaining momentum, and it's just reaching the well informed masses.
I barely paid atention to Bitcoin in the past, altough I did read a lot about it, I thought it wasn't the coin that would explode. I was waiting for another coin. But it has exploded. Nobody can ignore Bitcoin now, and the supply is limited. 10k$? certainly possible. Wait until big online shops accept it, and it will gain even more momentum.
There are a lot of people interested in the success of Bitcoins beyond current Bitcoin owners. From anti-Centralized Bank printed money, to big nations contrary to the status quo.
Yeah, I expect it to explode even more and go over 10k$
I barely paid atention to Bitcoin in the past, altough I did read a lot about it, I thought it wasn't the coin that would explode. I was waiting for another coin. But it has exploded. Nobody can ignore Bitcoin now, and the supply is limited. 10k$? certainly possible. Wait until big online shops accept it, and it will gain even more momentum.
There are a lot of people interested in the success of Bitcoins beyond current Bitcoin owners. From anti-Centralized Bank printed money, to big nations contrary to the status quo.
Yeah, I expect it to explode even more and go over 10k$
Non-sense.
And Bitcoin is not a deflating currency.
Bitcoin has a limited number of bitcoins, in the time
Some guy bought a pizza for 100000 btc in 2010, now a pizza is worth about 0.1 btc. How is that not deflationary? Bitcoins are limited and demand for them is continually growing due to privacy concerns, tax avoidance, media attention etc. Bitcoin being limited is what makes it deflationary unlike fiat currencies.
10,000 BTC to be exact. To be fair today Bitcoin value could be 0 USD if things went differently. In this case it would be well spent 10,000 BTC
Some guy bought a pizza for 100000 btc in 2010, now a pizza is worth about 0.1 btc. How is that not deflationary? Bitcoins are limited and demand for them is continually growing due to privacy concerns, tax avoidance, media attention etc. Bitcoin being limited is what makes it deflationary unlike fiat currencies.
Because the price of btc increased between a time T1 and a time T2 does not make it "deflationary" as a permanent property.
If the oil supply drops to one barrel and the people of the world decide that this one barrel is worth everything every single person on the person ever owns, they will give the owner of that barrel the wealth of the entire world, which is in practical terms, infinite. I know that is still not absolutely infinite, and such a scenario is impossible, but it explains how a price has no limits.
As you said, it is impossible.
^^ expensive pizza
At this time, it was a normal price ...
^^ $100... expensive pizza
But yea it could reach $10000 in a few years if it continues to be adopted by business across the planet
But yea it could reach $10000 in a few years if it continues to be adopted by business across the planet
Non-sense.
And Bitcoin is not a deflating currency.
Bitcoin has a limited number of bitcoins, in the time
Some guy bought a pizza for 100000 btc in 2010, now a pizza is worth about 0.1 btc. How is that not deflationary? Bitcoins are limited and demand for them is continually growing due to privacy concerns, tax avoidance, media attention etc. Bitcoin being limited is what makes it deflationary unlike fiat currencies.
Does not make sense at all.
There is a limited (and not fixed) amount of oil in the world, and the number of humans is rising.
It does not mean that the price of oil will increase to infinity.
If the oil supply drops to one barrel and the people of the world decide that this one barrel is worth everything every single person on the person ever owns, they will give the owner of that barrel the wealth of the entire world, which is in practical terms, infinite. I know that is still not absolutely infinite, and such a scenario is impossible, but it explains how a price has no limits.
It seems like 10K could be possible. I'm curious if anyone has estimated the likely price per coin if bitcoin replaces the current credit-card/paypal market?
There is a limited (and not fixed) amount of oil in the world, and the number of humans is rising.
It does not mean that the price of oil will increase to infinity.
It does not mean that the price of oil will increase to infinity.
Oil can be made synthtetically. Expansive but possible. Technology can adapt different fuels. So sooner or later noone would need to pay the price for oil anymore.
Easy said: Value = Demand / Supply
With BTC Supply can only decline while Demand can only rise. Given an infinite timespan, value goes infinite. In Real World that just means, that BTC will reach enormous value IF the above equation stays valid.
PS: Yes, Mr. Obvious, this is a simplification, not the "real world equation of death"
Here's my take:
Look at the exchanges we use to trade stocks.
Now look at crypto currency exchanges.
Notice the difference? Would lag and downtime be acceptable?
I think in the next 5 years etrade or tdameritrade will get into cryptos. when that happens and everyone is talking about crypto coins like the they did back in 1999 pre-internet bubble days...it will go ballistic as everyone will be wanting to invest in it.
Could very easily go 100k when that happens.
I think it will go 5-10k in 2014 before any of that happens as more people find out about it and start buying. That's not to say there won't be boom or bust cycles...but the long trend is always up.
Look at the exchanges we use to trade stocks.
Now look at crypto currency exchanges.
Notice the difference? Would lag and downtime be acceptable?
I think in the next 5 years etrade or tdameritrade will get into cryptos. when that happens and everyone is talking about crypto coins like the they did back in 1999 pre-internet bubble days...it will go ballistic as everyone will be wanting to invest in it.
Could very easily go 100k when that happens.
I think it will go 5-10k in 2014 before any of that happens as more people find out about it and start buying. That's not to say there won't be boom or bust cycles...but the long trend is always up.
I like where your head is at, optimistic but definitely viable.
Actually mathematically BTC will reach Infinity someday.
That is because there is a fixed amount of BTC and the amount is dropping (by wallet loosage for example) and the amount of humans is rising.
That is because there is a fixed amount of BTC and the amount is dropping (by wallet loosage for example) and the amount of humans is rising.
Does not make sense at all.
There is a limited (and not fixed) amount of oil in the world, and the number of humans is rising.
It does not mean that the price of oil will increase to infinity.
Actually mathematically BTC will reach Infinity someday.
That is because there is a fixed amount of BTC and the amount is dropping (by wallet loosage for example) and the amount of humans is rising.
Therefore it is mathematically proofed, that BTC - when used as currency - has to reach infinity value if the timespan is long enough. That sad, the timespan of BTC is not infinite and it will get replaced when it is not longer suitable.
10k is therefore a valid amount for 1 BTC - IF btc is used as a regular currency, which we will see.
That is because there is a fixed amount of BTC and the amount is dropping (by wallet loosage for example) and the amount of humans is rising.
Therefore it is mathematically proofed, that BTC - when used as currency - has to reach infinity value if the timespan is long enough. That sad, the timespan of BTC is not infinite and it will get replaced when it is not longer suitable.
10k is therefore a valid amount for 1 BTC - IF btc is used as a regular currency, which we will see.
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