Bitcoin Forum

So when? I think 7 years and three months from now the price of one bitcoin will be 10 k  ;)

At that particular time the infrastructure surrounding bitcoin will have bore its fruits but there is still the possibility of a 51-attack thus causing a hindrance to full-blown acceptance, 2 years and 2 months before the ending of the 7 years and three months NXT will start to come to the forefront as a safe alternative investment and will start taking over the lead from Bitcoin  ;)

All just speculation :)

This is a quote from Satoshi himself:

Feb. 14, 2010:

He is basically saying that in 2020, then will you either be rich or have nothing.

We don't know this. Bitcoin can never reach 10k as far I know. Future is hard to predict, 2 years ago bitcoin cost was over $1000 for brief period of time and here we are under $300.
Bitcoin price is no something that can be predicted with knowledge alone. And if you think someone with 51% hash power gonna destroy bitcoin network you are gravely mistaken.
Why would someone try to destroy something which gives him money? It is like someone rich suddenly try to burn all his money...

Governments don't like competing monetary systems because those who controll the money supply controll the people and what do governments want? exactly; controll. Now I don't think they would do this openly, but once Bitcoin becomes a threat, for example if the dollar loses trust amongs international (especially Chinese) investors then dollars will be used to buy bitcoins (thus further depreciating the value of the dollar and appreciating the value of the Bitcoin eco-system). Then the US can consider Bitcoin to be a threat to the US economy and therewith to US national security. National Security/politics always prevails over economic morals/interests thus the US would fund behind closed doors agencies (like the NSA or FBI or whatever) and they could easily take controll of the Bitcoin system and ruin it. They could totally destroy it even if it would cost them 50 billion dollars to do so because that would ultimately save the dollar and protect the US national security (and international security since a collapse of the dollar would have huge international implications). So therefore, as long as bitcoin is a cute little puppy within the international financial/monetary realm it's all good, but once it reaches a market cap of 100 billion or more governments will start to worry and consider Bitcoin more and more as a threat.

No.

Altcoin will not take over bitcoin. New altcoin depreciate the value of other altcoin.

I see that banks are starting to develop their own "altcoins", eventually will bitcoin be the back bone of the whole system. Since each banks makes the mistake, that they all make their own personal altcoins, since they want to be in control.

Not to be annoying, but 20 years from the date of that quote is 2030 AD.
So if by 2020 prices aren't as desired, don't worry, you got another 10 years.

So we'll be rich, because at this point the network effect of Bitcoin is way too strong to ever disappear. Im sorry for the haters. What can I say? get on this train before it's too late, otherwise it may be the decision that you regret the most making in your entire life and beyond. Just owning 1 BTC should be mandatory in 2015.

20 years from 2010 is 2030, not 2020. Heavily depends on the supply and demand. If there is continuous demand over a diminishing supply, then it's a big boom for us bitcoiners. If not, probably the miners would need to shut down their miners and sell everything, therefore disabling the whole network and as a result, no one to process bitcoin transactions = no more movement for bitcoin.

Maybe in 10 years, maybe never. I happen to believe we'll see 1 bitcoin's value as 10,000 USD in 10-15 years time.
I'm obviously aware that bitcoin could have next to zero value by then too but hopefully it's the former rather than the latter. Not knowing is what's so unsettling but I guess that's the high risk, high reward stakes that we are all so aware of when investing in bitcoin.

10-15 years sounds reasonable to me as well.

HA ha ha, you are right. I cant add two numbers  ::)
Great you pointed that out.

a BTC unbeliever: "Bitcoin 10k when? I am eager to convert my bitcoins to dollars."
a BTC believer: "Bitcoin accepted everywhere, when? I am eager to shop with Bitcoin."

not sure why everyone is excited about a $10k bitcoin.. as that $10k will only buy you a weeks rent once the dollar fails..

.. people need to start thinking about bitcoin as:
1 bitcoin buys 10k loaves of bread
1 bitcoin buys a year of rent

$10k when? Bitcoin will be worth $10k if a single egg costs $500. A true bitcoiner will think of when will a single egg cost BTC0.00001 not when a single BTC is worth $10,000.

i agree.

bank account (for life economies) is in the same range ...

This is a very good way to put it. I like this a lot.
I will quote and use this in the future.

This "Bitcoin 10k when?", "Bitcoin 5k when?" "Bitcoin 100k when?" threads come up with a pretty constant interval.

i agree.

that's why  1 BTC = 100 000 000 Satoshis.
http://www.btcsatoshi.com/

so, when it's time ... Bitcoin can touch the satoshi unit.

inside of 5 years imo.

Once the ETF kicks off, and nasdaq opens the door for greater blockchain integration into their share tracking platform of colored coins, it will literally be overnight. Literally I can see a 10x increase inside of a few month span. Nasdaq opening the door is the real rocket ship.

get your head out of the sand.

There may be a day where you wont have to think about USD as the reserve currency, but since the USA owns all the guns and airplanes, and aircraft carriers there is basically zero chance that the dollar experiences a total collapse inside of the next 50 years. For that to happen, we will need World War 3 or even 4.

And since USA is basically cannot be beached by any foreign force, it makes your argument completely null and void. USA can do whatever it fucking wants when the world goes into the toilet, and while FIAT may literally be out of favor, USD will still be preferred over every other fiat.

Nasdaq is already dead.

because of the lack of trust in the stats.


Bitcoin is pure stats. system ... people and traders will like this when time come (trusted value = fondamental restored).

you are both dumb and delusional if you dont believe that bitcoin needs the legacy financial system to succeed.

no, it's financial system that it's need ... a cleaning.  ::)
problem : bank, state and debt are linked.  :P

This should be in the speculation section. And it's way too hard to guess when (if) bitcoin will reach 10k/coin. But I'm hoping within the next 2-3 years.

Wrong, the Nasdaq needs Bitcoin to succeed. Nasdaq tranactions will all be run over the blockchain or over a sidechain in the next decade. All other options are objectively stupid and deprecated by Bitcoin's superior technology. All banks are old versions of what Bitcoin can do. Theres no turning back.

and with sidechain linked to hard asset (bitcoin address) ... banks will not able to shit the "stress test".  ::)
that's why i talk about fondamental restored ...

We missed it.  Most bitcoin users said it was supposed to have  happened by now. (http://www.coindesk.com/56-of-bitcoiners-believe-bitcoin-will-reach-10000-in-2014/)

Seriously, there is no way to know, as the over optimism at the end of 2013 clearly illustrates.

However, I agree about bitcon being a big hit or a bust - so good luck everyone!

from personal point of view, i wait the halving (end of 2016) ... but not to liquidate the btc holding.
in Bitcoin, i have find a safe heaven from LAW that they can FROOZE bank account with LIFE ECONOMIES.

like in Greek (2015) ... or Cyprus (2013).

Millions of people don't even know about them; when word continues the spread, it's probable that there'll be a spike in value, since there's a limit to how many BitCoins will be in existence.

Let's get real for a second. Bitcoin is based on cool technology.. and should be superior in many ways than current systems. However, it absolutely does need the financial and legal system to succeed.

Nasdaq would be great.

I think 10k is too much, at a guess I would say back up to the 1k mark next year and it will remain hovering around that mark albeit up and down a bit, then perhaps if it gets the right attention slowly moving up towards 5k by 2020.

If my math is correct and keep in mind I'm using very vague numbers. In 2030 a little over 19 million Bitcoin will be mined. We'll call it 20 million. At $10k per Bitcoin that's a 200 billion market cap.

I think it's very doable.

I think the more interesting question is what would fiat USD be worth if bitcoin is worth 10k?

Meaning is the rise in bitcoin the result of an inflated fiat currency or the result of increased demand and volume?

I think that is a really difficult achievement,maybe 2k in the long term

2025 would be nearly 20million coins

if you include the dollar devaluing. where a loaf of bread will end up costing $15+.. then it makes it easier for 1btc to be worth $10k, much the same as 1btc is worth 35527 japanese yen.. simply because a single yen is worthless

can you give me link about his statement ?
Im not sure bitcoin will be hit 10.000$ again

this is about suply and demand, the suply of bitcoin is very big and im not sure can be 1000$ if all of people in the world not use bitcoin

heres a tip though, itll be 10k when?

its when we all stop thinking about that 10k thats when itll be lol. seriously though the whole speculation on seeing this wanting to grow is like a watching a plant turn into the tallest tree which takes 14 years..

I agree with you
we need to stop speculation just action
buy bitcoin hold it and don't forget to introduce bitcoin to close our friends and relatives

I agree with you too, but I cant forget it since reddit always reminds me to go watch the price movements. Since there is something always influence the price.

Also i did the last part you did, but they just looked at me as if I`m crazy. And I linked them a video and they asked me so its like fake money. Thats the reply I got.. from all my efforts lolll.

everyone keeps talking about the side chain..

can you explain where I can find this sidechain? is it a option of some sort on the blockchain or bitcoin wallet im not looking at? or is this something discussed being built?

you can't find it because it doesn't exist. sidechains are a great addition to bitcoin if done right. but i still need to see one working properly together with bitcoin.

http://techcrunch.com/2015/06/13/down-the-blockchain-rabbit-hole/

Read this. They are still not operative, you will have to wait. Also google blockstream and lightning network, you need to do some research yourself.

We can actually reach it earlier then 2025 I believe, if the ASIC war keeps on going and we keep ramping up the tech.

And for better miners to evolve like how we are so quick, its actually amazing how fast we ended up from graphics cards to asic chips.

I'm hoping tomorrow ;D but seriously, I believe before 2025, it will reach 10k per btc

i think the year 2020 would be the closest time if ever this price is going to happen

are you speculating about bitcoin price in the future or are you attracting attention to NXT?

because I don't see any altcoin that can replace bitcoin so far

this price is never going to happen  ::)

2017.

I will try to say it without any wrappings... SIDE CHAIN SUCKS.
They will not solve anything they are just a lame excuse for amatures dev that have no idea how to make a system design.

Why do they suck? What if you are a bank or something, and you want to take advantage of the blockchain supporting Bitcoin but you want your own rules? what if the devs of Bitcoin make a change in the way the main blockchain works but you don't like it? what if you are a country and you want to stablish your own coin and your own release of coins (inflation rate)... etc.

P2Pool is a sidechain.

2017 ?
not sure with it bitcoin have more problem
also need more merchands accept it to get 10.000$

I think 2050 bitcoin price will be up to 10000$

u mad bro?

by 2050 10k probably will be nothing, I don't think BTC will fails that much

by 2020 if nothing global happens

What do you mean by "if nothing global happens"? A bug in bitcoins code, fork gone bad or a worldwide currency crisies? I think the crisis is much more likely.

that's way too fast to happen in that very short time. We must be happy if we see $1000 again by 2020.

sorry, i laugh on the first and second argument ...  ;D Bitcoin is nothing more than a perfect tool for financial system, it don't lie and you can trace everything you want.

the inverse of the actual system (and shadow banking that it must saves by deposits of client).

Not anytime close, that's for sure. And I wouldn't want to increase the number that high. I man it's good for short term profit, yes. But it's bad for long term establishment.

Well, something seems clear to me, we will not reach mainstream status without a couple more bubble and burst cycles, continued growth in a stable fashion is impossible, bitcoin is too revolutionary and disruptive, it will trigger people's panic a lot of times, both up and down.

You have a good point about the bank using sidechains to support cryptocurrency, this is a valid scenarory where sidechains can be useful. I was provoking a bit, what I mean is that the common answer all the challanges with cryptocurrency is always, "ooohhh just use sidechains". Good example is the bitcoin blocksize; "ooohhh just use sidechains".

Soon, maybe by the end of the year. Big Wall Street money is coming in right now, bigger money than bitcoin has ever seen. They haven't hit the bottom of their liquidity pool yet, but they will.

Can you tell me what you smoke? Not sure if you're serious or just trolling. If indeed serious, then I feel sorry for you.

I hope it too
but we must be realistic in view it

bitcoin now we know the price is still below $ 300 and are very difficult to penetrate $ 350

Bitcoin is an amazing system, and it's potential is enormous. On top of that, it's a global currency. Right now we have a market cap of 4b$. That's not even half of Bill gate's net worth, FOR A GLOBAL CURRENCY. 4b$ is peanuts on global scale. If bitcoin really breaks through, expect atleast a 100-1000 times increase.

There are endless ventures that are way worth more than 4 billion, the famous Uber app for example surpasses bitcoin's market cap, it's unbelievable how undervalued is and how most people seem not to get this fact.

This is utter nonsense that you are pulling out of your ass. 

There is no big money going in to Bitcoin at this time, otherwise you wouldn't be able to afford it.  Also, the currency is still primarily used for dark web purchases.

Feeding lies (whether you believe in them or not) is irresponsible.

some people in this world just want to see tho world burn even if they make tons of money.