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

No, it will get up to $9,999 and then stay there forever.

yes, it will reach $50k

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!

A coin can be split up you know. You don't need a whole coin.
 

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".

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.

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.

Would be good to see reaching $10,000.
But it seems impossible about next 2 years.

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

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 

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.

it seems very few people actually realize the potential of bitcoin

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

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.

Id be glad for the loaf of bread, cos I wouldn't have the 10k otherwise.

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

A loaf of bread?

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.

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

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.

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.

yes

yeah should have replied to the original thread.

you know that I was ironic, right?

more merchants make the currency more valuable. I would pay everything in Bitcoin, but I can't. (to be clear, I would have not all of my money in Bitcoin. To risky! I would have some stocks, some gold, but for spending I would use Bitcoin). Just because it is more convenient for me. A good that can be used as medium of exchange has some extra property that is valuable for users. THE example is gold. The industrial value is very small compared to its storage value.

the software will change...... it will be 4000satoshis for a cup of coffee...... in time perhaps 400satoshis..... and maybe 40 satoshis.

true. Because of that gold is worth nothing, because how much is one cup of coffee in kg of gold?

It's not that simple. Value in money is very flexible and is based on international relationships...

You're considering 1 dollar to be the price of a dollar... That's not the case outside of the US. The value of the dollar increases as the amount of trade increases. The more merchants that accept dollars the higher the probability that the amount of trade will increase. If half of the merchants in the world who currently accept the dollar were to stop accepting dollars it would result in fewer goods and services available for purchase using dollars and thus a weaker dollar. Imagine the supply of goods and services available for dollars decreasing and demanding higher dollar prices for what's left.

Think of it like this; imagine a world with only 3 types of currency. Each currency will have equal amounts in circulation and the value of goods and services will be denominated as $...

Currency 1 GDP = $10,000,000,000 and will be stored as the variable "A"
Currency 2 GDP = $15,000,000,000 and will be stored as the variable "B"  
Currency 3 GDP = $5,000,000,000 and will be stored as the variable "C"

The total monetary value for all goods and services traded in the world will equal $30,000,000,000 and will be stored as "X" as can be calculated with the formula "A + B + C = X"

You can more or less determine the value of any of the three currencies by solving the relationships between them. The value of currency "A" is 2/3rds of "B" and 2 times that of "C."

In this scenario you could infer that there are more goods and services transacting in currency B. Currency B is likely accepted by more merchants than A or C as can be seen by the larger volume of trade. It get's more complicated when you start inflating or deflating the money supplies and increasing the number of currencies but the principle still holds true.

===================================

The price of Bitcoin is speculative not on the current value of Bitcoin; rather the survival of Bitcoin and crypto currencies in general. Here's why:

The market adoption that occurs as time goes on will increase the amount of trade in Bitcoin. As the amount of trade increases the value will increase naturally and progressively as more people use Bitcoin to store the value of their work.

Basically, the major motivator behind the Bitcoin price right now is the investors who favor the odds that it will survive long enough to account for a certain percentage of world trade. If you believe that Bitcoin will never do more than what is today's equivalent of 12 Billion per year in global trade then you should sell everything now as you would believe that the price per coin has peaked...

As it is now; the volume of Bitcoin trade is too low to justify it's current value. It's price is inflated because people think it will be used more in the future.

$10,000 per coin is an extremely low number and would allow for a peak market capitalization of around $120 Billion with 12 million coins in circulation...

Remember, currencies aren't valued on other currencies. They are valued on the amount of real world goods and services that are exchanged for them. People are only interested in exchanging goods and services for other goods and services. Currency is nothing more than a container to store the value of your work to be used at a future time for goods or services...

My simply and "in one" wise answer is: I think it's very very to early to talk about that all. I personaly never heard maybe 80% of all what you thought.

I focused jet on fundamentals who aren't formed yet. I think we must have that fundamentals formed before we can go forward and think about all that specific information you talked about. For exemple biggest news would be one of some country given an offical status to bitcoin. That means we will exactly know what bitcoin is, why we need that, what we will do with coins and just then we will have an opportunity to think of bitcoins future. Today it's just experiment, to day nobody knows what this beast is and how you hunt it.

Then how about the accellerating aggregate demand for bitcoin as a result of broadening adoption and increasing coin distribution? Or the number of hardware devices being specifically engineered in a capital intensive fashion to increase bitcoin mining efficiency specifically? Or what about the network hashrate & the first-mover advantage of increasing awareness of bitcoin in mass media causing too large of a barrier to entry for competing alt-coins that provide marginal to zero improvement over the blockchain protocol. Or more simply, the fact that most people can only learn about and properly understand one crypto at a time. This will naturally draw more people towards the dominant entity, which is bitcoin.

For the moment at least. Things may change if a new altcoin improves signifigantly over the bitcoin protocol, or achieves dramaticly more 'fame' than bitcoin already has. But once the price starts heading north of €10,000 you might perhaps get people looking more closely at which altcoins are here for the 'long-term' and which are flash-in-the pan pump & dump schemes.

not big reason to me,
seems like you thinking everybody is stupid around...  

Because there are too many rich people in the world with more fiat money than you can ever dream of who are itching to spend it on something before it becomes worthless, yet afraid to spend it at the same time for fear of it causing inflationary effects on the economy and destroying even more of debt-based assets they also own in large quantities.

Yes it is.
Miniscule in fact, in the grand scheme of things, in a monetary environment where the Federal Reserve System has just created >15 TRILLION usd in monetised debt over the last 5 years alone.

why not? 

3k is too low of a price for market elasticity mechanisms to kick in.
This will not happen on very large scales until MUCH higher prices.
But I do agree that altcoins can dampen price exploration and coin distribution.
However, the tide of innovation is strongly on our side for the present moment.

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.

$10,000 dollars a low number? That's not a very low number and I wonder if you would throw that amount of money around and if you lost it would you be like "only a small amount of money" if Bitcoin ever reached that amount which I don't think it will I think it would be the highest Bitcoin would reach.

ftfy

$10,000 is such a low number it hardly makes sense not to think we'll get there... We could see $10,000 from the purchasing power of a single investor.

I guess time will tell.

Whatever you were smoking while writing this, you should continue smoking it.
You can stay high for ever, it is so easy.

No.

They won't do it unless they are offered something in return from it. You have to buy support from governments...

There is chance it will happen, but only if officials will support it, I dont think it will grow that much in underground.

I don't think there is much incentive to cash out honestly when you can hold and just use it as if it were USD. It would cost more to sell for fiat as opposed to just using it to buy/pay for what you need...

Yeah.. 10000$ per coin with 100k bitcoins traded 
At some point it's time to cash out with 10000-100000 bitcoins.

Staying in bitcoin is at that point just stupid. Even with 2% inflation in fiat you are way better off than with bitcoin. With 10k Coins @ 10k USD/EUR/GBP you never have to worry about bitcoin.

Yes.

The gears are in motion; the tension created from bad news can slow it down but there's too much leverage to stop it.

It'll happen extremely fast when it does; maybe 3 days to go from $1,000 to $10,000 when the legality and tax liability issues are addressed properly.

The numbers are still small even at $10,000 per coin when you consider the scope of the playing field.

This thread is exactly what we need in order to stop the shit storm of today's news. NOT

Yes, it will eventually. Might be a while or might be quick

Very likely. 
I believe it will be $100,000 by the end of 2015.

never heard of this? https://en.bitcoin.it/wiki/MilliBit   

i am think this posible this must true 100%

on brain
guys
i am say same this realy normal price i am sure

i am say 70$ price bitcoin

not one trust this stimul grow


TODAY PRICE 800+ $ IS MORE STABILITY FUTURE

9 or 10 zero
calculte maybe 1  0 0 0 0 0 0 0


just 10k i am think posible 

Posting for the very first time does not mean post should be ignored.
Answer is short and precise.
Well done, well done.

Oh, this is your very first post...

yes, of course BTC or PeerCoin will do it, a more relevant/ interesting question at this point is will it reach 1 million a coin.

Its possible

Maybe maybe not.  Just wait and seeeeee

I never said Bitcoin will not reach 10k, i also never said it would.
there are tons of the same threads all over here, like you were told before, search before posting.

It's not stupid. When the BTC had a value of 50$, it was posted "will the btc reach 1000$ one day" ... some thought it was a stupid question too ...

Which alt coins are you talking about?
Apart from a different block time and block reward, how is it different from btc / ltc ?

Indeed Math is getting pretty hard in bitcoin and it's value

Don't fall for the XXX Coin is faster argument. It's not true.

No. Never. The value of Bitcoin will reach 3,000 max in the next 3 years. Then the value will dissipate into alt coins that are faster and don't require a unit such as 0.0001 for a cup of coffee.

Yep, this topic has been done to death now

Just search

Will you stop posting stupid threads?

Who believe BTC will reach 10,000 dollars ?