Bitcoin Forum

Your opinion

Well I would like to say sure, but I am not so sure. If it survives next couple of years then yes.

If dollar crashes I see a big rise in bitcoin price.

Never.

$10,000 - yes.

But not in the near future. Need to get rid of Gox first, (btc-e as well probably), and get some professionally run exchanges going. Plus have thousands of 2-way BTC ATMs round the globe.

Couple of years would be my guess.

Yes, it will pass $10,000, but I can't tell you exactly when lest I get droned.  Never forget that BTC are constantly being destroyed as holders of them die, forget passwords, watch as their disk drives die, or whatever.  I cannot quantity this but it's certain to be happening.  As the number of users rises the rate at which coins die, never to be resurrected, will surpass the quantity created via mining.  Therefore the total quantity of BTC will begin to decline.

You've obviously never heard of hardware wallets like trezor. Nobody will be using software wallets in 12-18 months time. Won't eliminate "bitcoin loss" completely but will go a long way to reducing it. Might like to check how it works:

http://www.bitcointrezor.com/faq/

They will have several competitors in 2014. Everyone knows storing bitcoins on virus-infected PCs is a weakness of the current bitcoin ecosystem.

Those hardware wallets are cool of course, but why do you predict no one will be using software wallet 1 year later?

I'm sure the hardware wallets will have there problems too. Those things are expensive as well.

Because software wallets have a host of problems that hardware wallets solve. A hardware wallet is like a dedicated offline computer, which is exactly what people need to run safe wallets. I bet you 99.9% of software wallets running today are on computers connected to the Net. With software wallets, you have to constantly worry about malware / trojans / keyloggers etc.

The thought of losing / corrupting / having their wallet stolen puts lots of people off using bitcoins. And so it should.

Maybe the 1st Gen hardware wallets won't solve all security issues, but they will reduce bitcoin loss substantially.

As for price, it will be a very competitive market. There is no reason to think hardware wallets won't be knocking around for under $100 in 2014. Heck, you can build a functioning bitcoin ATM machine for a couple of hundred bucks. There is no reason for hardware wallets to be expensive.

Everyone In this community/forum wants to see that day, btc can reach to 10k$ one day , there is a thread about reaching to 1k which was created few years ago , at that time many said " NO " or " NEVER " but now BTC already crossed 1k mark few months ago.. now we are talking about 10k so this time no one will say " NO " atleast I'm not gonna say it.

Only time will tell!

You want to tell me that the hardware wallet runs secure on an infected system, even with a keylogger installed?

Besides Bitcoins I own 5 other alts. Against theft and fire I have distributed my backups to at least one other location. Hence I will for sure use software wallets in 1 1/2 year and much longer. Security is never easy.

I don't follow your logic re: my alleged ignorance of hardware wallets, given my initial statement.  Nevertheless it's irrelevant to my argument because unless the loss rate from using HW <= 0 the total quantity of BTC will still eventually begin a decline.

I'll agree that storing wallets on "virus-infected PCs" is a bad idea.  So don't do that.  But it's hardly something that _everybody_ knows.

I'm not seeing it on my ball

my time is valuable if you want investment advance pm me and we can work something out :P    lol

It can be more than $10k this year

Bitcoin USD price 2014 estimate

2009: Started 0.0, ended 0.01
2010: Started 0.01, ended 0.30 ( 29x )
2011: Started 0.30, ended 4.72 ( 14x )
2012: Started 4.72, ended 13.44 ( 1.84x )
2013: Started 13.44, ended 750 ( 55x )
2014: Started 750, ended ?
if:
(5x ) 3,750
(10x) 7,500
(20x) 15,000
(30x) 22,500
(40x) 30,000

If it goes with the current trend definitely it won't reach 10000 position

Yes why not as long as Goverments make it legal.

So by what  as can be seen   over recent months should reach and more...

of course  ::)

Probably within 5 years, but not anytime soon (i.e. next 2-3 years).

Agree.
Though I have full faith in bitcoin, I don't think it can go further 20x in one or two years...