I think if you consider the vast majority of the worlds population who dont own or have probably not even heard of bitcoin.
By the time they do hear about it, the price mayt be 1.5-2k
They will want a piece of the crypto currency pie to invest and trade with.
By that point, a few other crypto currencies that are much cheaper than bitcoin will be seen as attractive options.
Not everyone likes the idea of making purchases in miniscule fractions!
Its not attractive!
Thats where I think other lower prices crypto currencies will be seen as more attractive.
Topic: Will bitcoin reach $10,000 one day...? - page 12. (Read 10435 times)
The real question is, "Would you be willing to spend $10,000 to buy a bitcoin if the price reached that high?"
See, thats the essential problem with bitcoin. People say that its going to go to 1 million, but its not. No one is going to buy a bitcoin for a million dollars. Most people will be selling all the BTC that they have and exchanges wont allow them to be sold since no one is really buying. That means the sell limit will be something low like 0.0001 BTC per day.
If we reach 1 million/BTC, not many will have 1 BTC or more, probably between 100-1,000 million users will share all the bitcoins.
But then there are people like you and me who have a few btc's and the early investors who have 100's or 1000's!
Almost all coins will be redistributed in 20-50 years timeframe if price will keep rising, I and you will most likely not hold 1 BTC anymore
Why is that? Every time I reach 0.05 I keep it in a paper wallet leaving only as much as I need.
The real question is, "Would you be willing to spend $10,000 to buy a bitcoin if the price reached that high?"
See, thats the essential problem with bitcoin. People say that its going to go to 1 million, but its not. No one is going to buy a bitcoin for a million dollars. Most people will be selling all the BTC that they have and exchanges wont allow them to be sold since no one is really buying. That means the sell limit will be something low like 0.0001 BTC per day.
If we reach 1 million/BTC, not many will have 1 BTC or more, probably between 100-1,000 million users will share all the bitcoins.
But then there are people like you and me who have a few btc's and the early investors who have 100's or 1000's!
Almost all coins will be redistributed in 20-50 years timeframe if price will keep rising, I and you will most likely not hold 1 BTC anymore
The real question is, "Would you be willing to spend $10,000 to buy a bitcoin if the price reached that high?"
See, thats the essential problem with bitcoin. People say that its going to go to 1 million, but its not. No one is going to buy a bitcoin for a million dollars. Most people will be selling all the BTC that they have and exchanges wont allow them to be sold since no one is really buying. That means the sell limit will be something low like 0.0001 BTC per day.
I could only afford 0.29 of a bitcoin when I started a few weeks ago. After playing around with other cryptocurrences I'm up to 1.568BTC. So I guess what I'm trying to say is. Why would you pay 10K for a full coin
Exactly, no one would buy and the price would drop to a reasonable price.
The real question is, "Would you be willing to spend $10,000 to buy a bitcoin if the price reached that high?"
See, thats the essential problem with bitcoin. People say that its going to go to 1 million, but its not. No one is going to buy a bitcoin for a million dollars. Most people will be selling all the BTC that they have and exchanges wont allow them to be sold since no one is really buying. That means the sell limit will be something low like 0.0001 BTC per day.
I could only afford 0.29 of a bitcoin when I started a few weeks ago. After playing around with other cryptocurrences I'm up to 1.568BTC. So I guess what I'm trying to say is. Why would you pay 10K for a full coin
The real question is, "Would you be willing to spend $10,000 to buy a bitcoin if the price reached that high?"
See, thats the essential problem with bitcoin. People say that its going to go to 1 million, but its not. No one is going to buy a bitcoin for a million dollars. Most people will be selling all the BTC that they have and exchanges wont allow them to be sold since no one is really buying. That means the sell limit will be something low like 0.0001 BTC per day.
If we reach 1 million/BTC, not many will have 1 BTC or more, probably between 100-1,000 million users will share all the bitcoins.
But then there are people like you and me who have a few btc's and the early investors who have 100's or 1000's!
The real question is, "Would you be willing to spend $10,000 to buy a bitcoin if the price reached that high?"
See, thats the essential problem with bitcoin. People say that its going to go to 1 million, but its not. No one is going to buy a bitcoin for a million dollars. Most people will be selling all the BTC that they have and exchanges wont allow them to be sold since no one is really buying. That means the sell limit will be something low like 0.0001 BTC per day.
If we reach 1 million/BTC, not many will have 1 BTC or more, probably between 100-1,000 million users will share all the bitcoins.
The real question is, "Would you be willing to spend $10,000 to buy a bitcoin if the price reached that high?"
I think people would be willing to spend 10000$ to buy 10 mbits.
The real question is, "Would you be willing to spend $10,000 to buy a bitcoin if the price reached that high?"
See, thats the essential problem with bitcoin. People say that its going to go to 1 million, but its not. No one is going to buy a bitcoin for a million dollars. Most people will be selling all the BTC that they have and exchanges wont allow them to be sold since no one is really buying. That means the sell limit will be something low like 0.0001 BTC per day.
I hope it does. In the short time I've been watching them they have doubled in value so its not impossible.
if Bitcoin ever reaches 10K, it's gonna be by the end of 2014 I think, not a long time after that.
I think it has to take longer, 10x more value might mean 10x more time to go to this value. It would make sence to me
Maybe I'm being too optimistic, maybe getting from 1000$ to 10.000$ is much harder than from 1$ to 1000$ but I don't think so. What would make sense to me would be that the more people know Bitcoin the more people convey this news to other people and so on...I think it's a bit of a problem if enough BTC owners think the value will rise to jupiter and beyond in the coming years, because that'll lead to them just sitting on their coins -> less demand since it's not used as much as it could be for buying stuff in stores.
I think 10,000 is highly unlikely. I can see it hitting the middle stages of that though. We have just seen the beginning stages of bitcoin.
if Bitcoin ever reaches 10K, it's gonna be by the end of 2014 I think, not a long time after that.
I think it has to take longer, 10x more value might mean 10x more time to go to this value. It would make sence to me
Maybe I'm being too optimistic, maybe getting from 1000$ to 10.000$ is much harder than from 1$ to 1000$ but I don't think so. What would make sense to me would be that the more people know Bitcoin the more people convey this news to other people and so on...
I sure hope so. 
maybe in 4 years who knows. I'm investing for the future of currency.
maybe in 4 years who knows. I'm investing for the future of currency.
if Bitcoin ever reaches 10K, it's gonna be by the end of 2014 I think, not a long time after that.
I think it has to take longer, 10x more value might mean 10x more time to go to this value. It would make sence to me
Maybe I'm being too optimistic, maybe getting from 1000$ to 10.000$ is much harder than from 1$ to 1000$ but I don't think so. What would make sense to me would be that the more people know Bitcoin the more people convey this news to other people and so on...
I honestly can't see it reaching 10k ever. I think like most sites say it's like myspace or napster, it ushered in a new age but competition will come and wipe it out.
i think it's only a matter of time before BTC hits $10k, the question is whether or not BTC will be overtaken by somthing else.
Something like Ripple? I dont think so. It needs to be decentralized I believe (otherwise centralized banks and paypal would be enought)
I don't think so. 
The Analytics from Bank of America (the second biggest bank in America) in their research report compare a Bitcoin currency to Gold. They appraise the real Bitcoin price on 1300 USD (so a 50% higher than today)
Here is orginal article: (in polish ;( ) http://bitcoin.pl/191-analitycy-bank-of-america-szacuja-uczciwa-wartosc-jednego-bitcoina-na-1300-i-porownuja-go-do-zlota
And here is the reoport: https://www.documentcloud.org/documents/885843-banks-research-report-on-bitcoin.html
You think it will be really 1300 USD?
The Analytics from Bank of America (the second biggest bank in America) in their research report compare a Bitcoin currency to Gold. They appraise the real Bitcoin price on 1300 USD (so a 50% higher than today)
Here is orginal article: (in polish ;( ) http://bitcoin.pl/191-analitycy-bank-of-america-szacuja-uczciwa-wartosc-jednego-bitcoina-na-1300-i-porownuja-go-do-zlota
And here is the reoport: https://www.documentcloud.org/documents/885843-banks-research-report-on-bitcoin.html
You think it will be really 1300 USD?
But by what? I think there is no optimal uberaltcoins, they all just variations of old good bitcoin or litecoin. I only remember one that have interesting possibility of "coins mining coins"
the question is whether or not BTC will be overtaken by somthing else.
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