Topic: Will the bitcoin reach $10000 one day? - page 2. (Read 2631 times)

Do you guys think that somehow more bitcoins will eventually be released?

This is a like a gold rush. Everyone has dollar signs reflecting in their eyes.

I just hope it ends well.

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That's your opinion, which seems to be an in the box opinion. I like to think out of the box.

Doesn't have to be. If a lot of people want to pay in Bitcoin, they pushing the price up.
That's just free market. Only reason why it is this high, is because a lot of Bitcoins are not in circulation right now. Maybe as high as 80%.

I personally think it has a decent shot.  The way that things have been going lately, anything's possible, for good or bad, I think.  I'm optimistic though since I need prices to not crash because I'm altcoin mining to partially fund my school band trip.   I figure I can actually make $5-6 a day currently with my 7870, a 6770 that's in the mail ($30 card + free power = win?), and a 6750, so what the heck right? Who knows how long that'll last though.

On topic, I'd say that it could happen around early/mid 2015, but you never know!  I'm not liking the recent very slow price drop, but I guess the relative stability is something Bitcoin needs.

That would be nice, but it looks from the past week to be pretty stable in the $880- $900 range.

I don't know if it will ever go that high., but we can all hope, assuming we have a coin or 2.

It will eventually, be patient..

I totally agree im still very new to btc and even i think that a jump that large in one year is
Not plausable but i do supposed anything can happen.

this reminds me of https://en.wikipedia.org/wiki/Tulip_mania

Sure,

thats a natural growth like Google, Facebook, and Twitter had...
i think that we are now in the developmentphase and launchphase,
next year we will step into the real big growphase and we will hit the 10k very soon
 i think that the price will stabelize maybe at 100k or more.

Who knows??

when are you guys going to realize that bitcoin is going to the moon and beyond in our lifetime?

I think mid 50K by this time next year.

no i don't think so

bitcoin is a pretty bad currency and when the transaction fees has increased to 10BTC per transaction i doupt it will be able to hold much value. the bitcoin network will funktion well until the next reward halvning when the transaction fees will have to be a lot larger to keep the network safe.

I think eventually Bitcoin will reach the 5k mark but it is not now. Even in 2014 I think it will not happen.  I think some countries, due to the lobbying of banks since the banks can't skim something off every transaction, will restrict the usage of bitcoin and other crypto currencies for whatever made up reason.. i'm sure some idiot will think of some ridiculous reason to do so.
Either way Bitcoin can also back to 100 dollars or less. Everything is possible. I've read an article that stated that the majority of Bitcoins are in the portfolios of a  1000 people or so. For the sake of argument let's say its true for a moment. When one of these guys or girls decides to sell every last Bitcoin in his or her portfolio the price will drop dramatically. Most people if they see a drop of 5% begin to panic and sell their bitcoins and so on and so on. Then bitcoin will be in a free fall. So people bear in mind that, though bitcoin is very popular it can go in a free fall if enough bitcoins are sold in 1 go. I've seen it happen with stocks often enough.
From experience I know that looking too far ahead and occupying yourself with the " what if's" or the " what will be according to...."  can and will distract you just enough to miss certain key signs.
Read the signs carefully and make up your own mind. That's my advice

Technically yes, this is such an ingenious system.
But the drawback of its distributed unregulated nature is that you hardly can fix prices on goods with it since the value of the goods may be doubled or halved in a matter of days which seems to me as highly impractical for shopping (appart from some "geek" stores and  underground economy).
So to be the "way to pay" it has first to have a value that is somewhat connected to the real lworld IMO.
I am pretty sure something will come out from the cryptocurrency world that will be mainstream and usable as the way to pay, but again, as is, this is to me too much on the speculating side.

Bitcoin only has first mover advantage. Bitcoin is an amazing crypto-currency, however it is time for another to step up to the plate. Have you guys been introduced to Nextcoin yet? 100% POS, it will have an included decentralized exchange and messaging system.

I think Litecoin will hit 100 USD in a few months though.

Depends if it becomes 'the way to pay'. If it has so much advantages to use it over other currencies, everybody would want to use it.
Then I would say yes.

If it only stays in the realm of speculators, maybe. But then it will be too volatile and in the end never succeed, because then it's really a bubble.
The market cap of Bitcoin is about 10 billion dollar, but when everybody would sell it, it would turn out to be worth a lot less.

But I really believe it is here to stay, because it is a great concept and the innovation has just begun.

BTW, you don't have to own 1BTC to participate in it. A lot of people are scared by the price of 1BTC when introduced.
I know it's psychology, but it is just a random unit. It is now time to use mBTC I think.

I have to agree, for $10000, Bitcoin have to mature, so not next year.

Lower price movements will happen when coins are distributed to more people, owning even 1 BTC is a lot of Bitcoin supply

I find this all to be such an amazing concept.
However unless it is someday somewhat connected to the real life ( i.e. regulated to some extend ), I find it hard to believe it will end up being the currency/coin of tomorrow for everyone (at least as is).

How can you use it to buy actual goods on a regular basis if the value fluctuates in such a way that it does currently?

So at the moment this is "just" to me an intrument of speculation before it turns out to get mature  (which I have no idea in which actual shape).

Having said that, it is not mainstream yet so I believe it will go up for some time again, but I hardly believe it will reach $10000 as is.

I think it will be in 2014. The bitcoin rises in waves, maybe somewhere in 2014 there will be a next wave and go to $10.000.
At least I hope so 
But I also think alternative coins will eat some marketvalue out of Bitcoin.

I doubt, dont forget next year there will be new altcoins and new people might join the early adoption illusion again. Today or future altcoins will not replace Bitcoin, altcoins are just pump and dump schemes without even caring to build infrastructure