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Topic: Will Bitcoin reach $10,000 one day ? (Read 6188 times)

full member
Activity: 131
Merit: 100
February 04, 2014, 09:47:16 PM
#64
No, it will get up to $9,999 and then stay there forever.
sr. member
Activity: 344
Merit: 250
February 04, 2014, 06:23:33 PM
#63
yes, it will reach $50k
legendary
Activity: 1806
Merit: 1024
February 04, 2014, 06:16:14 PM
#62
Sure, bitcoin will reach $ 10,000 - question is, what will $ 10,000 be worth by then?

Better compare to commodities: gold, oil, sugar and the like...

ya.ya.yo!
legendary
Activity: 1652
Merit: 1016
February 04, 2014, 03:47:09 PM
#61
Bitcoin just needs to be a little more accessible to the masses. There are 7 billion people on earth. In no way are 21 million coins enough for everybody at this price rate.

A coin can be split up you know. You don't need a whole coin.
 
legendary
Activity: 1176
Merit: 1010
Borsche
February 04, 2014, 03:26:51 PM
#60
Bitcoin just needs to be a little more accessible to the masses. There are 7 billion people on earth. In no way are 21 million coins enough for everybody at this price rate.

what the hell you wanted to say I wonder. "We can't live on Earth, There are 7 billion people , in no way 1 Earth is enough for everybody at this tiny land area".
sr. member
Activity: 644
Merit: 250
February 04, 2014, 03:01:12 PM
#59
Bitcoin just needs to be a little more accessible to the masses. There are 7 billion people on earth. In no way are 21 million coins enough for everybody at this price rate.
sr. member
Activity: 453
Merit: 254
February 04, 2014, 02:56:21 PM
#58
10K $ will be reached this year in the worst case.

Just wait for the next economic turmoil somewhere and you will see the price move up. A lot.
newbie
Activity: 1
Merit: 0
February 04, 2014, 09:15:53 AM
#57
Would be good to see reaching $10,000.
But it seems impossible about next 2 years.
legendary
Activity: 1652
Merit: 1016
February 04, 2014, 07:03:20 AM
#56
it seems very few people actually realize the potential of bitcoin

i would say it is gonna reach $100k easy sooner or later

Only if Bitcoin goes mainstream, and as we've seen in China, mainstream can easily be stopped if governments so choose.

legendary
Activity: 2186
Merit: 1213
February 04, 2014, 07:01:13 AM
#55
I think the american government would not like it if BTC goes too high. They probably will do the same thing they did to gold and let it collapse... Or ban it if the U$ Dollar gets in trouble...

I Start losing trust in Crypto more and more  Embarrassed
legendary
Activity: 1232
Merit: 1001
February 04, 2014, 06:49:45 AM
#54
I already answered what drives the market, it's rather simple but in accepting my explanation you also have to accept there is a disguised pyramid in effect in the form of mining hardware prices and ever increasing difficulty. When miners can't ROI they hoard their coins, it created artificial scarcity and all new buyers gobble up the coins until they are at a price that makes it viable for miners to see a ROI on their mined Bitcoins.

Maybe true for hobbyist miners. But the big miners have running expenses they need to cover. So quite the contrary is actually true. If the provability get's lower they are required to sell a larger and larger percentage of their income in order to cover their expenses.
legendary
Activity: 2338
Merit: 1035
February 04, 2014, 06:47:12 AM
#53
it seems very few people actually realize the potential of bitcoin

i would say it is gonna reach $100k easy sooner or later
newbie
Activity: 38
Merit: 0
February 04, 2014, 06:45:14 AM
#52
I don't believe the question can be intelligently answered, or at least addressed, until we get a handle on what, specifically, drives the price of a Bitcoin.  This is the component of it that drives me crazy.  Why do we think that more widespread acceptance will make the price go up, or this or that government taking a benign position on it, or whatever? 

Let me put it this way...a dollar has the same "price", the same buying power, the same "value", whether a hundred thousand merchants accept it or a hundred million merchants accept it.  The relative general acceptance of the dollar has nothing to do with its price or value.  It certainly is a stablizing force, but not a price mover.  I can't wrap my head around what, precisely, is driving the price of Bitcoin, up or down, other than the actions of a few wealthy Chinese speculators at this point.

Please, if I'm missing something damn simple, explain it to me.  I would love to comprehend a connection between some market fundamental and the Bitcoin price.

I already answered what drives the market, it's rather simple but in accepting my explanation you also have to accept there is a disguised pyramid in effect in the form of mining hardware prices and ever increasing difficulty. When miners can't ROI they hoard their coins, it created artificial scarcity and all new buyers gobble up the coins until they are at a price that makes it viable for miners to see a ROI on their mined Bitcoins.
legendary
Activity: 924
Merit: 1001
February 04, 2014, 06:34:32 AM
#51
Who believe BTC will reach 10,000 dollars ?


Yes. But the more important question is what could you buy with $10000 when the time comes?

A loaf of bread?



Id be glad for the loaf of bread, cos I wouldn't have the 10k otherwise.
legendary
Activity: 1652
Merit: 1016
February 04, 2014, 06:33:02 AM
#50
Who believe BTC will reach 10,000 dollars ?


Yes. But the more important question is what could you buy with $10000 when the time comes?

A loaf of bread?

newbie
Activity: 8
Merit: 0
February 04, 2014, 05:44:34 AM
#49
Very likely BTC and a few other cryptos will be the next tax heavens with hundreds if not trillions of $ if the exchanges are more stable.
legendary
Activity: 2674
Merit: 1029
February 04, 2014, 05:32:57 AM
#48
I plan on waiting 10 years for $100.000 or $1.000.000 .

I can live without the fiat that I've invested so no point in selling.

one think the infrastructure to support btc or ppc, or even nxt is a lot less than, use, in its paper,coin,or electronic forms, so I expect them to be a round much longer
sr. member
Activity: 644
Merit: 250
February 04, 2014, 04:40:35 AM
#47
I plan on waiting 10 years for $100.000 or $1.000.000 .

I can live without the fiat that I've invested so no point in selling.
legendary
Activity: 1232
Merit: 1001
February 04, 2014, 03:30:38 AM
#46
There simply is no upper limit to the possible price Bitcoin can reach.

Of course at some point growth would be minimal and you could call it a top. Maybe ~1000 already is that point, probably not.

In the long term, either Bitcoin goes to zero some day (maybe 100 Years from now) or in will have its real All Time High in USD on the last day USD is traded somewhere (maybe 100 Years from now).

But to give it any fixed value it will reach some day and that's it, IMO makes no real sense. If Bitcoin is here to stay, it will grow compared to USD as long as there is USD.
sr. member
Activity: 344
Merit: 250
February 04, 2014, 02:59:22 AM
#45
yes
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