Bitcoin Forum

Economy => Speculation => Topic started by: LFC_Bitcoin on April 16, 2015, 10:30:40 AM



Title: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 16, 2015, 10:30:40 AM
Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.



Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 16, 2015, 10:33:23 AM
Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.


it would suck if it was only 5k/coin. Well, actually it doesn't really matter. I hope to see at least 30k/coin at some point in time in the next 5 years. It can drop right down like it did when it reached 1.2k.

but to go back to the OP:

I'm just gonna say 225k for the heck of it. possibly achieved through semi hyperinflation


Title: Re: Bitcoin price in 10 years.....
Post by: srgkrgkj on April 16, 2015, 10:36:05 AM
in ten years i would estimate something around the range of 10-20k with the halvings we are going to experience a price rise is well overdue :D


Title: Re: Bitcoin price in 10 years.....
Post by: michaeladair on April 16, 2015, 10:38:15 AM
I feel myself loosing hope in Bitcoin... what makes it so that it will become successful? Price keeps dropping...


Title: Re: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 16, 2015, 10:38:31 AM
We'll be popping bottles of Dom on a yacht if we reach 10-20k per coin.
Wow just imagine.


Title: Re: Bitcoin price in 10 years.....
Post by: redsn0w on April 16, 2015, 10:41:15 AM
Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.



No one will know what will happen to bitcoin in the next 10 years, the unique thing we can know is that the blockchain will stile exist and the price will be more important than now (due the halving , 25 BTC >> 12,5 BTC  \\&&\\  12,5 BTC >> 6.25 BTC). In those case if the price will not go up, then it will be a serious problem to all the speculators (but not for the technology/concept itself).


Title: Re: Bitcoin price in 10 years.....
Post by: gentlemand on April 16, 2015, 10:51:39 AM
We'll be popping bottles of Dom on a yacht if we reach 10-20k per coin.
Wow just imagine.

There's probably surprisingly few people whose lives would change at that price level. It would make a few existing whales galactically rich. I can't imagine there's that many people with more than 50 coins. A very nice windfall anyway but not something you could live the rest of your life off.  


Title: Re: Bitcoin price in 10 years.....
Post by: needmoney on April 16, 2015, 10:54:26 AM
At least $100 maximum $ 10k


Title: Re: Bitcoin price in 10 years.....
Post by: bitkilo on April 16, 2015, 10:59:08 AM
Assuming bitcoin is still around in 10 years and mass adoption has taken place I think the price could be anywhere from 2k to 10k a coin, can't see it going to more than that but I also remember saying that when bitcoin was at $30 a coin, no one knows.


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 16, 2015, 11:01:55 AM
We'll be popping bottles of Dom on a yacht if we reach 10-20k per coin.
Wow just imagine.

There's probably surprisingly few people whose lives would change at that price level. It would make a few existing whales galactically rich. I can't imagine there's that many people with more than 50 coins. A very nice windfall anyway but not something you could live the rest of your life off.  
Exactly! This is exactly what i'm talking about.

10k isn't that exciting at all. If you have ~$10k in bitcoins (~50 coins) it would take a 100x increase to get to a million. That would be ~25k/coin. At least.


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 16, 2015, 11:59:15 AM
what i think? bitcoin will start to rise when we approch the fee era, until then we should forget about 10k-100k, all those price are too far away, the chance that we get there are very slim...

in 10 years it could achieve 1k-3k range at best case scenario


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 16, 2015, 12:03:39 PM
what i think? bitcoin will start to rise when we approch the fee era, until then we should forget about 10k-100k, all those price are too far away, the chance that we get there are very slim...

in 10 years it could achieve 1k-3k range at best case scenario

If bitcoin is less than 5k in 10 years, pretty much that means it failed. At least in the sense of failing to get mainstream adoption, and that it will probably never get mainstream adoption. It may still survive for a niche group, but would never go to the moon.


Title: Re: Bitcoin price in 10 years.....
Post by: gentlemand on April 16, 2015, 12:10:19 PM
Indeed. Every pro who put effort and investment into the infrastructure will have long since abandoned it. If it doesn't gain serious traction by the end of this decade, and it certainly hasn't yet despite all the noise, then it's over.

Niche groups will probably have moved on to more glittery things.


Title: Re: Bitcoin price in 10 years.....
Post by: yayayo on April 16, 2015, 12:13:06 PM
It's pure speculation. But - assuming that Bitcoin doesn't fail and is worth zero -  a target of $5000 seems to be very low, because you have to consider inflation. Even without hyperinflation $5000 in 2025 will have the buying power of $2000-3000 today.

My prediction: One Bitcoin in 2025 = between 10 to 100 ounces of gold. Because for Bitcoin to survive that long, it will have to grow substantially.

ya.ya.yo!


Title: Re: Bitcoin price in 10 years.....
Post by: redsn0w on April 16, 2015, 12:18:54 PM
what i think? bitcoin will start to rise when we approch the fee era, until then we should forget about 10k-100k, all those price are too far away, the chance that we get there are very slim...

in 10 years it could achieve 1k-3k range at best case scenario

If bitcoin is less than 5k in 10 years, pretty much that means it failed. At least in the sense of failing to get mainstream adoption, and that it will probably never get mainstream adoption. It may still survive for a niche group, but would never go to the moon.

Yes of course, but if the bitcoin will go mainstream doesn't mean that the price will be 5'000 dollars per bitcoin or maybe I didn't understand what you meant.


It's pure speculation. But - assuming that Bitcoin doesn't fail and is worth zero -  a target of $5000 seems to be very low, because you have to consider inflation. Even without hyperinflation $5000 in 2025 will have the buying power of $2000-3000 today.

My prediction: One Bitcoin in 2025 = between 10 to 100 ounces of gold. Because for Bitcoin to survive that long, it will have to grow substantially.

ya.ya.yo!


The halving is the unique possibility of the increase of price.


Title: Re: Bitcoin price in 10 years.....
Post by: 3x2 on April 16, 2015, 12:19:44 PM
i would be happy if it is above 1000$


Title: Re: Bitcoin price in 10 years.....
Post by: abyrnes81 on April 16, 2015, 12:23:23 PM
i would be happy if it is above 1000$

Everyone will be happy if the price will be more than 1k dollars, it's normal.


Title: Re: Bitcoin price in 10 years.....
Post by: 3x2 on April 16, 2015, 12:24:35 PM
i would be happy if it is above 1000$

Everyone will be happy if the price will be more than 1k dollars, it's normal.
Nahh some people wants to see bitcoin above 10k usd in next 3 to 5 years  :P so they wont be happy with just 1k usd.


Title: Re: Bitcoin price in 10 years.....
Post by: Paashaas on April 16, 2015, 12:33:03 PM
We will know within a few years if Bitcoin will become mainstream. I think the price will go to $10k -$100k a bear minimum.

I'm reading each day much news about Bitcoin and the way it looks atm Bitcoin will go mainstream. So much awsome stuff happening at the background.

If ppl starting to understand Bitcoin and handle it with care, they will love it. Mark my words for that.


Title: Re: Bitcoin price in 10 years.....
Post by: zcxvbs on April 16, 2015, 12:33:17 PM
It's not a speculation, it's a guessing to me.
Bitcoin might touch 100$ again in few year, if you're talking about 10 year, maximum price is thousand dollars maybe, while the bottom could be 10$ or so.


Title: Re: Bitcoin price in 10 years.....
Post by: AtheistAKASaneBrain on April 16, 2015, 12:34:39 PM
People said you were suffering from severe dementia if you thought Bitcoin would reach 1 dollar back in the day, and look what happened.
The price will be higher than you can logically predict, again.


Title: Re: Bitcoin price in 10 years.....
Post by: Paashaas on April 16, 2015, 12:43:33 PM
It's not a speculation, it's a guessing to me.
Bitcoin might touch 100$ again in few year, if you're talking about 10 year, maximum price is thousand dollars maybe, while the bottom could be 10$ or so.

You are not quessing, its pure trolling.


Title: Re: Bitcoin price in 10 years.....
Post by: BillyBobZorton on April 16, 2015, 01:17:21 PM
It's not a speculation, it's a guessing to me.
Bitcoin might touch 100$ again in few year, if you're talking about 10 year, maximum price is thousand dollars maybe, while the bottom could be 10$ or so.

You are not quessing, its pure trolling.
Lol, anyone that thinks we'll see 3 digits again in 5+ years just has no notions on what Bitcoin does mean at several levels.


Title: Re: Bitcoin price in 10 years.....
Post by: farting_shot on April 16, 2015, 01:30:13 PM
By 2025, one bitcoin will be worth exactly 0, as in big fat ZERO.


Title: Re: Bitcoin price in 10 years.....
Post by: redsn0w on April 16, 2015, 01:34:19 PM
By 2025, one bitcoin will be worth exactly 0, as in big fat ZERO.

Nah I do not think it will never be  worth zero dollars, until some few people will use it, bitcoin will continue to 'own' his intrinsic value. It will be worth zero when all the miners will shut down their 'hardware machines'.


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 16, 2015, 01:58:37 PM
i would be happy if it is above 1000$

Everyone will be happy if the price will be more than 1k dollars, it's normal.

if people are just waiting 1k to dump asap, then it will never reach 1k, the price can't be raised by poors who just hold and wait for the miracle, wihtout the influence of strong individuals, the price will remain low


Title: Re: Bitcoin price in 10 years.....
Post by: kaykawa on April 16, 2015, 02:03:34 PM
in 10' years

1000 usd (today) = 100 USD
inflation my friends


Title: Re: Bitcoin price in 10 years.....
Post by: Patel on April 16, 2015, 02:03:39 PM
10 years, Bitcoin will be zero. Something better will be out.


Title: Re: Bitcoin price in 10 years.....
Post by: erikalui on April 16, 2015, 02:06:51 PM
I honestly have very less hope that bitcoins will last or 10 years as it's not regulated till date and not legalized in my country as well. It's not about the price dropping but the recognition of bitcoins is what matters. As of now, bitcoins may last for another year or two and the price may reach $100.


Title: Re: Bitcoin price in 10 years.....
Post by: redsn0w on April 16, 2015, 02:27:05 PM
i would be happy if it is above 1000$

Everyone will be happy if the price will be more than 1k dollars, it's normal.

if people are just waiting 1k to dump asap, then it will never reach 1k, the price can't be raised by poors who just hold and wait for the miracle, wihtout the influence of strong individuals, the price will remain low


Interesting reply, but why a rich person should invest in bitcoin? He can open any charts of the last few months and see this:


after I think he will not buy not even 1 bitcoin http://techforum.it/styles/default/xenforo/smilies/asd.gif.


Title: Re: Bitcoin price in 10 years.....
Post by: hodlmybtc on April 16, 2015, 02:42:56 PM
Between $100k and $1 million in todays value if BTC isn't surpassed by something superior, this is even without the scenario of hyperinflation of fiat currencies.


Title: Re: Bitcoin price in 10 years.....
Post by: Kupsi on April 16, 2015, 02:46:57 PM
$200k +


Title: Re: Bitcoin price in 10 years.....
Post by: Dilla on April 16, 2015, 02:51:05 PM
Really depends on how the world chooses to use Bitcoin and integrate it. Market caps could be low billions like now, or trillions. If it gets adopted much more, I don't see high billion to trillion being too far fetched in 10 years. I'm going to say $25k-$50k.


Title: Re: Bitcoin price in 10 years.....
Post by: manselr on April 16, 2015, 02:58:58 PM
what i think? bitcoin will start to rise when we approch the fee era, until then we should forget about 10k-100k, all those price are too far away, the chance that we get there are very slim...

in 10 years it could achieve 1k-3k range at best case scenario

We DONT KNOW where is the limit. For me, sky is the limit. If you have been here since the begining, you would have learned a lesson: No one can predict Bitcoin because its unprecedented and revolutionary as hell. It's a day-to-day scenareo, we are discovering the future.

Here is an history lesson:

https://bitcointalk.org/index.php?topic=27348.0



Title: Re: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 16, 2015, 03:05:33 PM
Some real positivity in here, I like it.


Title: Re: Bitcoin price in 10 years.....
Post by: redsn0w on April 16, 2015, 03:09:43 PM
what i think? bitcoin will start to rise when we approch the fee era, until then we should forget about 10k-100k, all those price are too far away, the chance that we get there are very slim...

in 10 years it could achieve 1k-3k range at best case scenario

We DONT KNOW where is the limit. For me, sky is the limit. If you have been here since the begining, you would have learned a lesson: No one can predict Bitcoin because its unprecedented and revolutionary as hell. It's a day-to-day scenareo, we are discovering the future.

Here is an history lesson:

https://bitcointalk.org/index.php?topic=27348.0



Sky is not the limit, in that case the also space is not the limit http://techforum.it/styles/default/xenforo/smilies/asd.gif. A simple question, will you buy bitcoin if it will reach again 1'000 dollars ? Yes or No? Bitcoin will be worth exactly how much we will be able (or we would be willing) to pay it, this ....


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 16, 2015, 03:13:52 PM
what i think? bitcoin will start to rise when we approch the fee era, until then we should forget about 10k-100k, all those price are too far away, the chance that we get there are very slim...

in 10 years it could achieve 1k-3k range at best case scenario

We DONT KNOW where is the limit. For me, sky is the limit. If you have been here since the begining, you would have learned a lesson: No one can predict Bitcoin because its unprecedented and revolutionary as hell. It's a day-to-day scenareo, we are discovering the future.

Here is an history lesson:

https://bitcointalk.org/index.php?topic=27348.0



if i was here since the beginning i would not post that much, notice how early adopters don't even post in this forum, i would agree that the limit is endless in theory, but practically speaking the chance to rise that much are very poor...


Title: Re: Bitcoin price in 10 years.....
Post by: kaykawa on April 16, 2015, 03:24:55 PM
a 10 years long-investment is a good move, with the current price of btc.

we currenlty are in "despair"


Title: Re: Bitcoin price in 10 years.....
Post by: adamstgBit on April 16, 2015, 03:26:40 PM
10 years, Bitcoin will be zero. Something better will be out.

doubtful

even if there is something "better" out there, all i really want is a reliable way to make an entry on the blockchain recording a TX and bitcoin does that very well, so theres no reason for me to try this, new, experimental, system being advertized as "better".

and even if this new coin is prefered over bitcoin, bitcoin will always be the first crypto and will hold "collector value" FOREVER. also i would assume if this new coin took over, it would be more successful than bitcoin currently is, making crypto in general more successful, in turn bring up the collector value of the first original crypto, bitcoin.

so with that being said, I believe in 10 years bitcoin will be worth anywhere from 1000 to 100,000


Title: Re: Bitcoin price in 10 years.....
Post by: hodlmybtc on April 16, 2015, 03:29:20 PM
10 years, Bitcoin will be zero. Something better will be out.

doubtful

even if there is something "better" out there, all i really want is a reliable way to make an entry on the blockchain recording a TX and bitcoin does that very well, so theres no reason for me to try this, new, experimental, system being advertized as "better".

and even if this new coin is prefered over bitcoin, bitcoin will always be the first crypto and will hold "collector value" FOREVER. also i would assume if this new coin took over, it would be more successful than bitcoin currently is, making crypto in general more successful, in turn bring up the collector value of the first original crypto, bitcoin.

so with that being said, I believe in 10 years bitcoin will be worth anywhere from 1000 to 100,000

From 32k to 1000 in adam's 8 year long bear market ;D


Title: Re: Bitcoin price in 10 years.....
Post by: igorr on April 16, 2015, 03:43:35 PM
Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.



What is bitcoin price in the 1 milion years ?


Title: Re: Bitcoin price in 10 years.....
Post by: redsn0w on April 16, 2015, 03:46:38 PM
...
so with that being said, I believe in 10 years bitcoin will be worth anywhere from 1000 to 100,000

You are so optimistic, I think bitcoin will be worth more than 500 dollars after the next halving.



Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.



What is bitcoin price in the 1 milion years ?

A better question, what will be worth bitcoin by the end of this month?


Title: Re: Bitcoin price in 10 years.....
Post by: randy8777 on April 16, 2015, 05:57:21 PM
when everything works out well for bitcoin we could possibly see bitcoin being worth around $5000 at some point within 10 years. i think that's reasonable.


Title: Re: Bitcoin price in 10 years.....
Post by: Natalia_AnatolioPAMM on April 16, 2015, 06:02:53 PM
when everything works out well for bitcoin we could possibly see bitcoin being worth around $5000 at some point within 10 years. i think that's reasonable.

why do you think so?


Title: Re: Bitcoin price in 10 years.....
Post by: the_sunship on April 16, 2015, 06:27:13 PM
it'll peak at $9999 and then crash, just to piss off a bunch of people planning on selling at 10k



Title: Re: Bitcoin price in 10 years.....
Post by: battbot on April 17, 2015, 01:41:02 AM
Either sub $100 or $10,000+


Title: Re: Bitcoin price in 10 years.....
Post by: ssmc2 on April 17, 2015, 01:55:55 AM
Either sub $100 or $10,000+

I think you mean 0 or $10k+


Title: Re: Bitcoin price in 10 years.....
Post by: Biodom on April 17, 2015, 02:02:02 AM
In 10 years there will be no bitcoin as we know it now.
There will be myidcoin. Bitcoin is unable to finance its own development.
Soon devs will have an offer from a friendly agency to "modify" bitcoin as to allow for the much easier transaction id.
Essentially, it would become an advanced bank account.
How this would reflect in the price?
Most likely positively, otherwise there is no enticement, but to what degree...maybe $ 500-600 in 2025, back to 1200 in 2030 or so.


Title: Re: Bitcoin price in 10 years.....
Post by: Netpyder on April 17, 2015, 02:14:46 AM
approximately from 100$ to 450$
OR they would just stabled it, giving it a fix price range.


Title: Re: Bitcoin price in 10 years.....
Post by: naypalm on April 17, 2015, 02:18:24 AM
Priceless.


Title: Re: Bitcoin price in 10 years.....
Post by: Netpyder on April 17, 2015, 02:29:41 AM
Priceless.

difficult to judge it that way... with the number of acceptancy on alts. priceless is too much to hope for


Title: Re: Bitcoin price in 10 years.....
Post by: mikelitoris on April 17, 2015, 04:02:09 AM
$0.14


Title: Re: Bitcoin price in 10 years.....
Post by: coinableS on April 17, 2015, 04:50:44 AM
If BTC is still a thing and supported in 10 years the price will be astronomical.
Web hosts like godaddy, and hostgator will come with bitcoin wallets and scripts built-in just like you see blog, shopping cart or forum scripts today.
The increase will be exponential, also likely quick and violent, not a slow steady rise. Only the old school adopters will talk about "whole bitcoins", everyone else will communicate and price things in bits and satoshis. 


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 17, 2015, 05:10:54 AM
If BTC is still a thing and supported in 10 years the price will be astronomical.
Web hosts like godaddy, and hostgator will come with bitcoin wallets and scripts built-in just like you see blog, shopping cart or forum scripts today.
The increase will be exponential, also likely quick and violent, not a slow steady rise. Only the old school adopters will talk about "whole bitcoins", everyone else will communicate and price things in bits and satoshis. 
are we old school adatopers in 2015?  ::)


Title: Re: Bitcoin price in 10 years.....
Post by: BlackSpidy on April 17, 2015, 05:17:23 AM

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Look at me.
I am the avatar now.


Over $1000? Or $10... Ether way, it's use will be much more widespread, and that's what I'd love to see.


Title: Re: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 17, 2015, 09:27:42 AM
If BTC is still a thing and supported in 10 years the price will be astronomical.
Web hosts like godaddy, and hostgator will come with bitcoin wallets and scripts built-in just like you see blog, shopping cart or forum scripts today.
The increase will be exponential, also likely quick and violent, not a slow steady rise. Only the old school adopters will talk about "whole bitcoins", everyone else will communicate and price things in bits and satoshis. 

Now this is what I like to read.


Title: Re: Bitcoin price in 10 years.....
Post by: Netpyder on April 17, 2015, 10:03:54 AM
If BTC is still a thing and supported in 10 years the price will be astronomical.
Web hosts like godaddy, and hostgator will come with bitcoin wallets and scripts built-in just like you see blog, shopping cart or forum scripts today.
The increase will be exponential, also likely quick and violent, not a slow steady rise. Only the old school adopters will talk about "whole bitcoins", everyone else will communicate and price things in bits and satoshis. 

Now this is what I like to read.

you are probably waiting for a huge pump to dump your coins then. but dont just wish on. its better to go with the market it you have a big wallet. play the dump and pump too


Title: Re: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 17, 2015, 10:39:20 AM
Moon is inevitable


Title: Re: Bitcoin price in 10 years.....
Post by: Frost on April 17, 2015, 10:49:48 AM
We all know, this question is not easy to answer. Could be worth a lot, or could be worth zero.


Title: Re: Bitcoin price in 10 years.....
Post by: marcovaldo on April 17, 2015, 11:11:09 AM
I'd be surprise if it is above $100.


Title: Re: Bitcoin price in 10 years.....
Post by: btcxyzzz on April 17, 2015, 11:38:53 AM
either 0 or ~100k usd


Title: Re: Bitcoin price in 10 years.....
Post by: fearlesscat10 on April 17, 2015, 12:28:34 PM
Probably over 10k at least.


Title: Re: Bitcoin price in 10 years.....
Post by: inca on April 17, 2015, 02:42:30 PM
Shorts back at 26k. Could easily move up 30 dollars in a sniff.


Title: Re: Bitcoin price in 10 years.....
Post by: spazzdla on April 17, 2015, 02:56:15 PM
either 0 or ~100k usd

I am thinking this as well.


Title: Re: Bitcoin price in 10 years.....
Post by: Brewins on April 17, 2015, 11:11:35 PM
20k each, after stabilization after two halvings


Title: Re: Bitcoin price in 10 years.....
Post by: Q7 on April 18, 2015, 02:00:09 AM
As much as I want to see the numbers grow insanely, i just like to remain realistic. Truth is I prefer the numbers to keep at a moderate but more importantly at a stable level where it can sustain itself. Remember we had a bad experience once when it jumped to 1000 and then moving back towards where it is right now


Title: Re: Bitcoin price in 10 years.....
Post by: Patel on April 18, 2015, 05:09:27 AM
Truth is, Bitcoin has way higher chance to fail than succeed.


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 18, 2015, 06:14:47 AM
Truth is, Bitcoin has way higher chance to fail than succeed.

i see it as the opposite actually, the chance to succeed are far greater than the one to fall, this is due to the progress that bitcoin has done in all this years


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 18, 2015, 01:55:13 PM
Truth is, Bitcoin has way higher chance to fail than succeed.

i see it as the opposite actually, the chance to succeed are far greater than the one to fall, this is due to the progress that bitcoin has done in all this years

I would say the chances of success, in the sense that the world uses it like a currency (like usd or rmb or yen right now in their respective countries) is close to 0%. By close, I don't mean 1% or 2%. I mean 0. something.

The chances of success, in the sense that bitcoin or some blockchain survives is probably at least 50%, maybe even 60-70%.

The chances of bitcoin's price going waaaaay up in the case that bitcoin survives, is probably something like 60-70%*.

So I would say the chances of bitcoin succeeding (i.e giving us a return, screw those libertarian ideals) is 60-70% * 60-70% = 36-49%.


*It seems possible for bitcoin's price to remain relatively low (2 or low 3-digits) and only used by a niche group of companies/people for whatever reason say remittances or whatever, and said bitcoin companies are still profitable (for a VC). I am pretty sure VCs aren't betting that bitcoin will be used as a global currency in the future. They must've taken into consideration the outcome that bitcoin survives and brings a certain amount of economic activity without going completely mainstream, and I bet to them this scenario is likely.


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 18, 2015, 02:54:43 PM
Truth is, Bitcoin has way higher chance to fail than succeed.

i see it as the opposite actually, the chance to succeed are far greater than the one to fall, this is due to the progress that bitcoin has done in all this years

I would say the chances of success, in the sense that the world uses it like a currency (like usd or rmb or yen right now in their respective countries) is close to 0%. By close, I don't mean 1% or 2%. I mean 0. something.

The chances of success, in the sense that bitcoin or some blockchain survives is probably at least 50%, maybe even 60-70%.

The chances of bitcoin's price going waaaaay up in the case that bitcoin survives, is probably something like 60-70%*.

So I would say the chances of bitcoin succeeding (i.e giving us a return, screw those libertarian ideals) is 60-70% * 60-70% = 36-49%.


*It seems possible for bitcoin's price to remain relatively low (2 or low 3-digits) and only used by a niche group of companies/people for whatever reason say remittances or whatever, and said bitcoin companies are still profitable (for a VC). I am pretty sure VCs aren't betting that bitcoin will be used as a global currency in the future. They must've taken into consideration the outcome that bitcoin survives and brings a certain amount of economic activity without going completely mainstream, and I bet to them this scenario is likely.

you can't say 0 come one, this is not something so unlikely to happen, even collisions have not 0% chance to happen, and you want to tell me that is more harder for bitcoin to succeed than a collision to happen? bullshit...

i would say that chances are at least 60% succeed and 40% falling, right now, instead the bitcoin technologhy has a 90% chances to happen and i would say 99% to evolve in a more complete tech in the future


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 18, 2015, 03:20:18 PM

you can't say 0 come one, this is not something so unlikely to happen, even collisions have not 0% chance to happen, and you want to tell me that is more harder for bitcoin to succeed than a collision to happen? bullshit...

i would say that chances are at least 60% succeed and 40% falling, right now, instead the bitcoin technologhy has a 90% chances to happen and i would say 99% to evolve in a more complete tech in the future

??? What collision? I have no idea what you're talking about. I said close to 0%, I didn't say exactly 0%. I would say it has a slightly higher chance than winning the US powerball, or euromillions, for example. But you're not gonna convince me to use bitcoin unless I personally have some very big benefit in using it over government money. And I'm a bitcoin "believer". I just don't see people mass switching to bitcoin for a 0.5% saving over credit cards or whatever. Too much hassle. And we're not even at that point yet.

I can see myself using bitcoin if for example my bitcoins' value skyrockets, and by trading my bitcoins directly for a mansion/lambourghini etc it will be somehow beneficial in terms of taxes, since it's an asset or whatever. But if I was a late adapter, when bitcoin is already on the moon, I wouldn't bother with it unless no one accepts fiat anymore. And that will be very hard to achieve when governments enforce their fiat money on companies in their territory


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 18, 2015, 03:59:35 PM

you can't say 0 come one, this is not something so unlikely to happen, even collisions have not 0% chance to happen, and you want to tell me that is more harder for bitcoin to succeed than a collision to happen? bullshit...

i would say that chances are at least 60% succeed and 40% falling, right now, instead the bitcoin technologhy has a 90% chances to happen and i would say 99% to evolve in a more complete tech in the future

??? What collision? I have no idea what you're talking about. I said close to 0%, I didn't say exactly 0%. I would say it has a slightly higher chance than winning the US powerball, or euromillions, for example. But you're not gonna convince me to use bitcoin unless I personally have some very big benefit in using it over government money. And I'm a bitcoin "believer". I just don't see people mass switching to bitcoin for a 0.5% saving over credit cards or whatever. Too much hassle. And we're not even at that point yet.

I can see myself using bitcoin if for example my bitcoins' value skyrockets, and by trading my bitcoins directly for a mansion/lambourghini etc it will be somehow beneficial in terms of taxes, since it's an asset or whatever. But if I was a late adapter, when bitcoin is already on the moon, I wouldn't bother with it unless no one accepts fiat anymore. And that will be very hard to achieve when governments enforce their fiat money on companies in their territory

collision is when two users generate the same bitcoin address, is basically the thing with last chance to happen in this reality(the only other thing with less chance would be saying that the universe will collapse right now, or something like that..)

you said " I don't mean 1% or 2%. I mean 0. something. ", this is like saying zero to me

bitcoin can still reserve many surprise in future, adding new tech is something that could happen easily, enchanching its protocol, its structure(hard forking to resolve issue like 51% ecc...) if all those issues would be resolved, then i'm confident that bitcoin will skyrocket in every sense, there is a chance that it could become bigger than fiat, maybe not in 10 years maybe will not be bitcoin, but a better technology(based on bitcoin/blochchain), but it could in fact replace fiat in the future

this chance is not so slim as many think, people should stop predict the future of bitcoin based on its price, the price does not reflect exactly its future


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 18, 2015, 04:12:19 PM

bitcoin can still reserve many surprise in future, adding new tech is something that could happen easily, enchanching its protocol, its structure(hard forking to resolve issue like 51% ecc...) if all those issues would be resolved, then i'm confident that bitcoin will skyrocket in every sense, there is a chance that it could become bigger than fiat, maybe not in 10 years maybe will not be bitcoin, but a better technology(based on bitcoin/blochchain), but it could in fact replace fiat in the future

this chance is not so slim as many think, people should stop predict the future of bitcoin based on its price, the price does not reflect exactly its future

Nothing to do with the price. Even if bitcoin goes to 10,000,000,000 USD per coin, I know for a fact my grandparents won't use it. They still don't know how to use the computer. Every time I use it to watch a drama or play a game, my grandfather would be like "that's good, computers are very important these days, you need practise to get good at using it".

He thinks it's like driving a car or tennis, something that needs practise. I feel guilty and tell him it's not the case, watching a video online doesn't help make you "good at computers", whatever that means. But he just doesn't believe me. He thinks based on all his years of experience, everything in the world needs practise. I'm just not old enough to understand yet.

They're not the exception. There are many people like them. And there are many more who may have learned how to use a computer since they were younger, but are the same type of people as my grandparents; they will not understand future tech, and choose not to learn it. I suspect bitcoin will be one of these things. The only way to get many people to use bitcoin is if it's the only choice. As long as they can still live life the old way, they won't change.


Title: Re: Bitcoin price in 10 years.....
Post by: D05GTO on April 18, 2015, 05:53:31 PM
Bet they can use a credit/debit card.   Same thing will happen.. just instead of some fiat it'll be moving Bitcoins.   Also, NFC is pretty neat with Mycelium, want to send to another person just touch phones :D Too cool.


Title: Re: Bitcoin price in 10 years.....
Post by: mcplums on April 18, 2015, 06:55:48 PM
I can't imagine there's that many people with more than 50 coins.

I believe you are right, but why do you think this is? I only discovered bitcoin in January, I am not wealthy by any means and I have managed to wangle 75 coins. Maybe I am just significantly more optimistic than the average person?

I predict the price in ten years to be ~$30k, unadjusted for inflation. As this would make bitcoin 10% as valuable as the world's gold. Ultimately I think bitcoin will overtake gold (as it is simply better- has all the advantages but none of the disadvantages) but this will take more than ten years.


Title: Re: Bitcoin price in 10 years.....
Post by: gentlemand on April 18, 2015, 07:02:04 PM
I can't imagine there's that many people with more than 50 coins.

I believe you are right, but why do you think this is? I only discovered bitcoin in January, I am not wealthy by any means and I have managed to wangle 75 coins. Maybe I am just significantly more optimistic than the average person?


Most of the people in the real world that I know don't have a pot to piss in or have gargantuan debts or outgoings that need constant servicing.

Those that do have a thousand speculative dollars to spend really aren't all that common. Willingness to spend that on BTC is even rarer. Willingness to wait what might be quite a long time to make the potential gains that justify such a risk narrows it down even more.







Title: Re: Bitcoin price in 10 years.....
Post by: coinableS on April 18, 2015, 07:08:31 PM
I can't imagine there's that many people with more than 50 coins.

I believe you are right, but why do you think this is? I only discovered bitcoin in January, I am not wealthy by any means and I have managed to wangle 75 coins. Maybe I am just significantly more optimistic than the average person?

I predict the price in ten years to be ~$30k, unadjusted for inflation. As this would make bitcoin 10% as valuable as the world's gold. Ultimately I think bitcoin will overtake gold (as it is simply better- has all the advantages but none of the disadvantages) but this will take more than ten years.

That statement is completely contradictory. 75 coins in 4 months (~$18-$19K), you are indeed very wealthy OR you have a nice paying job and live at home with mom n dad with zero expenses.


Title: Re: Bitcoin price in 10 years.....
Post by: BitCoinNutJob on April 18, 2015, 07:10:47 PM
Bitcoin is the most recognizing coin for beginner web users. Maybe in future will be created new internet 2.0 with different coin integrated in the core. Maybe, maybe... so many possibilities. IMO bitcoin price will skyrocket to 10k usd in 2016. Next bubble and next ATH.


Title: Re: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 18, 2015, 09:42:22 PM
Bitcoin is the most recognizing coin for beginner web users. Maybe in future will be created new internet 2.0 with different coin integrated in the core. Maybe, maybe... so many possibilities. IMO bitcoin price will skyrocket to 10k usd in 2016. Next bubble and next ATH.
Damn well hope so bro.


Title: Re: Bitcoin price in 10 years.....
Post by: tabnloz on April 18, 2015, 10:06:58 PM
I think this shows that the bear market is not done with yet.

If you think there's a good possibility that coins will be even >$5k in 5 years, then around $220 is extremely cheap. From this you have to ask why aren't people falling over themselves to buy?

Seems like many are waiting for a catalyst (ie Wall St or think we've got a ways lower to head yet.


Title: Re: Bitcoin price in 10 years.....
Post by: Biodom on April 18, 2015, 11:40:38 PM
I think this shows that the bear market is not done with yet.

If you think there's a good possibility that coins will be even >$5k in 5 years, then around $220 is extremely cheap. From this you have to ask why aren't people falling over themselves to buy?

Seems like many are waiting for a catalyst (ie Wall St or think we've got a ways lower to head yet.

OT: Sometimes i wonder where ~$400 mil in bitcoin VC funding of 2013-2014 went?
Certainly, i had seen nothing in "products" to justify these investment numbers.
Around me, i see absolutely no increase in bitcoin usage or interest in it, apart from myself, despite trying to interest friends and relatives.


Title: Re: Bitcoin price in 10 years.....
Post by: bornil267645 on April 19, 2015, 10:57:16 AM
In ten years, here is the situation:

1. Bitcoin price around 500$

2. Bitcoin is the worlds top ten currency.

3. Some of the leading countries have adopted BTC

4. Nobody uses pocket wallet anymore, they use bitcoin wallet.

Wouldn't that be a scenario....


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 19, 2015, 11:09:16 AM
In ten years, here is the situation:

1. Bitcoin price around 500$

2. Bitcoin is the worlds top ten currency.

3. Some of the leading countries have adopted BTC

4. Nobody uses pocket wallet anymore, they use bitcoin wallet.

Wouldn't that be a scenario....

I think no. 1 and 2 are pretty much contradictory by definition. It's impossible for both to happen at the same time, due to the maximum limit on the number of bitcoins in circulation.

No.1 and the rest are also pretty much contradictory.


Title: Re: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 19, 2015, 12:11:39 PM
I think if BTC is to really succeed and be around in the mainstream in 10 years it'll be a lot more than 500 dollars per coin.


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 19, 2015, 12:15:32 PM
In ten years, here is the situation:

1. Bitcoin price around 500$

2. Bitcoin is the worlds top ten currency.

3. Some of the leading countries have adopted BTC

4. Nobody uses pocket wallet anymore, they use bitcoin wallet.

Wouldn't that be a scenario....

I think no. 1 and 2 are pretty much contradictory by definition. It's impossible for both to happen at the same time, due to the maximum limit on the number of bitcoins in circulation.

No.1 and the rest are also pretty much contradictory.

you think that bitcoin can't have a small price and at the same time be a mainstream currency?

i'm not sure about that, it could be that at the end, people will use many different crypto, and thus dilute the price among severals crypto currencies..resulting in many coin with a low value, but still accepted in all the world


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 19, 2015, 12:55:18 PM
In ten years, here is the situation:

1. Bitcoin price around 500$

2. Bitcoin is the worlds top ten currency.

3. Some of the leading countries have adopted BTC

4. Nobody uses pocket wallet anymore, they use bitcoin wallet.

Wouldn't that be a scenario....

I think no. 1 and 2 are pretty much contradictory by definition. It's impossible for both to happen at the same time, due to the maximum limit on the number of bitcoins in circulation.

No.1 and the rest are also pretty much contradictory.

you think that bitcoin can't have a small price and at the same time be a mainstream currency?

i'm not sure about that, it could be that at the end, people will use many different crypto, and thus dilute the price among severals crypto currencies..resulting in many coin with a low value, but still accepted in all the world

I think bitcoin can't have a small price and be a TOP TEN CURRENCY. How do you define top 10 currency anyway? The easiest way I can think of is market cap. 21M * 500 would obviously not be in the top 10 currency in terms of market cap.

I'm not saying bitcoin cannnot survive with a low value, I've written about this before, and you've commented after my post as well. I think it's quite possible that bitcoin's price remains low yet there's a niche group using it.

I wouldn't call it mainstream, though.


Title: Re: Bitcoin price in 10 years.....
Post by: GregH37 on April 19, 2015, 03:03:26 PM
In ten years, here is the situation:

1. Bitcoin price around 500$

2. Bitcoin is the worlds top ten currency.

3. Some of the leading countries have adopted BTC

4. Nobody uses pocket wallet anymore, they use bitcoin wallet.

Wouldn't that be a scenario....

First of all its price will be more than 1000$ speculation said
May or May not be
I think No, Because btc can be hacked by hacker these big companies will avoid using btc
i think no, it may be in more than 20 year when this could or may happened.


Title: Re: Bitcoin price in 10 years.....
Post by: ensurance982 on April 20, 2015, 10:50:07 AM
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!


Title: Re: Bitcoin price in 10 years.....
Post by: thejaytiesto on April 20, 2015, 04:12:09 PM
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!
It will be fun looking at the all time graph a decade from now or so. That 1.2K ATH peak will look literally like a small bump. Just like the first 30 USD peak now looks like nothing.


Title: Re: Bitcoin price in 10 years.....
Post by: randy8777 on April 20, 2015, 04:45:14 PM
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!

which means you bought a lot coins and are holding them firmly. however i think $35k is way too high. doesn't sound very realistic if you ask me.


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 20, 2015, 04:53:21 PM
100-fold in 10 years isn't even that good. Much less disruptive companies have gained way more than that over the years.


Title: Re: Bitcoin price in 10 years.....
Post by: coinableS on April 21, 2015, 01:39:35 AM
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!

which means you bought a lot coins and are holding them firmly. however i think $35k is way too high. doesn't sound very realistic if you ask me.

Truth can be stranger than fiction my friend  ;)


Title: Re: Bitcoin price in 10 years.....
Post by: mladen00 on April 21, 2015, 05:39:24 AM
BTC MC > 1.000.000.000.000 ( 1-10 trillion USD mc)

so 1BTC from 47619 USD to 500.000,00 USD


Title: Re: Bitcoin price in 10 years.....
Post by: Mehek on April 21, 2015, 05:55:10 AM
I think it will be $500 for 1bitcoin...or even $5000 for 1bitcoins as because the price is not depend on time so we cannot say what it will be.....and if you are thinking about the 2010-2013 then let me tell you that we have mtgox that time and it is the only one who make this bitcoin train upto $1000 lol...that's was the wounderful times


Title: Re: Bitcoin price in 10 years.....
Post by: futureofbitcoin on April 21, 2015, 06:03:46 AM
I think it will be $500 for 1bitcoin...or even $5000 for 1bitcoins as because the price is not depend on time so we cannot say what it will be.....and if you are thinking about the 2010-2013 then let me tell you that we have mtgox that time and it is the only one who make this bitcoin train upto $1000 lol...that's was the wounderful times
Then why did you say 500 or 5000? Kind of contradicting yourself?

If bitcoin is 500 in 10 years, then it will never go mainstream. It'll just be used by pump and dumpers, so that VC run companies can make back their investment, and the few libertarians who desperately try to avoid government authority.


Title: Re: Bitcoin price in 10 years.....
Post by: Mehek on April 21, 2015, 08:10:44 AM
I think it will be $500 for 1bitcoin...or even $5000 for 1bitcoins as because the price is not depend on time so we cannot say what it will be.....and if you are thinking about the 2010-2013 then let me tell you that we have mtgox that time and it is the only one who make this bitcoin train upto $1000 lol...that's was the wounderful times
Then why did you say 500 or 5000? Kind of contradicting yourself?

If bitcoin is 500 in 10 years, then it will never go mainstream. It'll just be used by pump and dumpers, so that VC run companies can make back their investment, and the few libertarians who desperately try to avoid government authority.
if I am wrong then the price will grow as time passes because it will also getting accepted by many big industrys but we should also see the disadvantags or bad results of it too.....it is not a stable currency(which is fun)(which is damaging too)....sorry for my poor english
~mehek


Title: Re: Bitcoin price in 10 years.....
Post by: mladen00 on April 21, 2015, 09:09:56 AM
In ten years, here is the situation:

1. Bitcoin price around 500$

2. Bitcoin is the worlds top ten currency.

3. Some of the leading countries have adopted BTC

4. Nobody uses pocket wallet anymore, they use bitcoin wallet.

Wouldn't that be a scenario....

1 BTC for 500 USD eql. MC is 21000000*500 = 10,5 B USD

for top 10 currency MC must be 100 times higher so btc must be around 50000USD


Title: Re: Bitcoin price in 10 years.....
Post by: muhrohmat on April 21, 2015, 09:24:41 AM
well the variation are like bitcoin in 2007 20$ in 2014 800$ and now its a stable 200$ 300$ might get a bit bigger next few years in the middle of years each like 350 450 or 500$ in my opinion but that over the years like 2 or 3 not 10 i can not predict 10 years and the bit coin will be more diff to mine yes


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 21, 2015, 10:30:36 AM
well the variation are like bitcoin in 2007 20$ in 2014 800$ and now its a stable 200$ 300$ might get a bit bigger next few years in the middle of years each like 350 450 or 500$ in my opinion but that over the years like 2 or 3 not 10 i can not predict 10 years and the bit coin will be more diff to mine yes

there was no bitcoin in 2007, it started in 2009, 6 years olds at best, in another 10 years the supply will halve 3 times counting the next years, if we take in consideration that around the first halving bitcoin doubled, a good estimate would be 2k usd as a stable value, with a peak of 10k, basically like the last previous pump but with one more zero


Title: Re: Bitcoin price in 10 years.....
Post by: ensurance982 on April 21, 2015, 10:58:08 AM
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!
It will be fun looking at the all time graph a decade from now or so. That 1.2K ATH peak will look literally like a small bump. Just like the first 30 USD peak now looks like nothing.

Ha, yeah that could very well be. At least if Bitcoin succeeds! We're still in the 'lunatic' phase, actually. And the price could have been inflated over the past 2 years or so - thing is, no one knows. But I think the risk/reward calculation is positive on this one (my opinion)


Title: Re: Bitcoin price in 10 years.....
Post by: ensurance982 on April 21, 2015, 10:59:07 AM
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!

which means you bought a lot coins and are holding them firmly. however i think $35k is way too high. doesn't sound very realistic if you ask me.

I can't really afford 'a lot of coins' but I have my small measly stack in the game. I think this may very well be still the beginning of a very interesting technology and potentially something even bigger!


Title: Re: Bitcoin price in 10 years.....
Post by: ensurance982 on April 21, 2015, 11:08:47 AM
well the variation are like bitcoin in 2007 20$ in 2014 800$ and now its a stable 200$ 300$ might get a bit bigger next few years in the middle of years each like 350 450 or 500$ in my opinion but that over the years like 2 or 3 not 10 i can not predict 10 years and the bit coin will be more diff to mine yes

Have you actually looked at long-term charts? :D Apart from the fact that there was no Bitcoin back in 2007, just imagine what people in 2011 thought about a $100 coin - unbelievable! The same argument could be made about a $10k coin today.


Title: Re: Bitcoin price in 10 years.....
Post by: chaoman on April 21, 2015, 12:16:28 PM
You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.


Title: Re: Bitcoin price in 10 years.....
Post by: ensurance982 on April 21, 2015, 12:19:28 PM
You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.

You don't need money to enter the Internet - well at least not to that extent. Also, the Internet is an even more basic technology and provides an incredible amount of utility to the people using it. Just don't fall too hard for that analogy!


Title: Re: Bitcoin price in 10 years.....
Post by: minerpumpkin on April 21, 2015, 12:34:13 PM
I've seen similar sentiments back in 2013 when the price was around $70. People were predicting a continuing decline of the price back into the low double-digits, or even lower. With Bitcoin you really can't seem to postulate the bubbles and the heights it may achieve over time. I wouldn't be surprised at all to see $5000 in the coming years!


Title: Re: Bitcoin price in 10 years.....
Post by: pereira4 on April 21, 2015, 12:44:39 PM
You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.

You don't need money to enter the Internet - well at least not to that extent. Also, the Internet is an even more basic technology and provides an incredible amount of utility to the people using it. Just don't fall too hard for that analogy!
How do you enter the internet without paying an ISP?
Also, we could say Bitcoin is to money what TCP/IP was to internet, and it's a pretty accurate analogy, even Andreas agrees with this view.


Title: Re: Bitcoin price in 10 years.....
Post by: Dalmar on April 21, 2015, 12:46:09 PM
Either a very low price / nonexistent.

Or about the same market cap as Apple. I don't think it will ever replace fiat, but will just become an important alternative.


Title: Re: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 21, 2015, 01:18:58 PM
I've seen similar sentiments back in 2013 when the price was around $70. People were predicting a continuing decline of the price back into the low double-digits, or even lower. With Bitcoin you really can't seem to postulate the bubbles and the heights it may achieve over time. I wouldn't be surprised at all to see $5000 in the coming years!

5000 USD would make a lot of us very comfortable.
I wouldn't be rich as such but it'd give us mortgage free lives etc.


Title: Re: Bitcoin price in 10 years.....
Post by: Biodom on April 21, 2015, 05:28:26 PM
I think most here are correct as far as it being either a lot of money or a negligible amount.
It is almost like a game of alternative universes.

Points:
1. With BTC at 50thou-1mil, many techies and btctalk participants will become regular to multi-millionaires.
2. How likely is that a small group of people, distinguishable only by one attribute (btc participation) will become uncommonly wealthy? Anecdotally, it does not seem likely.
 I know of only a few groups like this-MSFT&Dell investors in the 90ies, Amazon & AAPL investors from 1997.
2. I wonder if someone can apply Bayesian or frequentist probability models to bitcoin's future and what the likely results would be.


Title: Re: Bitcoin price in 10 years.....
Post by: rjclarke2000 on April 21, 2015, 07:02:29 PM
I've seen similar sentiments back in 2013 when the price was around $70. People were predicting a continuing decline of the price back into the low double-digits, or even lower. With Bitcoin you really can't seem to postulate the bubbles and the heights it may achieve over time. I wouldn't be surprised at all to see $5000 in the coming years!

5000 USD would make a lot of us very comfortable.
I wouldn't be rich as such but it'd give us mortgage free lives etc.

No mortgage would be a dream for me. You said it all right there.


Title: Re: Bitcoin price in 10 years.....
Post by: manselr on April 23, 2015, 05:51:37 PM
I've seen similar sentiments back in 2013 when the price was around $70. People were predicting a continuing decline of the price back into the low double-digits, or even lower. With Bitcoin you really can't seem to postulate the bubbles and the heights it may achieve over time. I wouldn't be surprised at all to see $5000 in the coming years!

5000 USD would make a lot of us very comfortable.
I wouldn't be rich as such but it'd give us mortgage free lives etc.

10K is a conservative price for me long term. 5000 is pretty much guaranteed. When comparing the current marketcap of BTC with other's of similar nature (even tho there is nothing similar to BTC, but for example, VISA, Mastercard, Paypal etc). When BTC takes the world, it will have the marketcap of all of those combined.


Title: Re: Bitcoin price in 10 years.....
Post by: ThatDGuy on April 23, 2015, 06:02:17 PM
I've seen similar sentiments back in 2013 when the price was around $70. People were predicting a continuing decline of the price back into the low double-digits, or even lower. With Bitcoin you really can't seem to postulate the bubbles and the heights it may achieve over time. I wouldn't be surprised at all to see $5000 in the coming years!

5000 USD would make a lot of us very comfortable.
I wouldn't be rich as such but it'd give us mortgage free lives etc.

No mortgage would be a dream for me. You said it all right there.

Agreed.  Would be wonderful and anything more would just be bonus.


Title: Re: Bitcoin price in 10 years.....
Post by: Baghead on April 23, 2015, 06:08:13 PM
Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.




I bet you would i would as well lol!

I will play your game and have a wild guess at saying it will be either under $100 or over $3000, if it is under $100 i think $56 if it is over $3000 i think it will be $3899.

It is funny to think about because if we knew we would be filthy rich wouldn't we.


Title: Re: Bitcoin price in 10 years.....
Post by: LFC_Bitcoin on April 23, 2015, 08:20:34 PM
Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.




I bet you would i would as well lol!

I will play your game and have a wild guess at saying it will be either under $100 or over $3000, if it is under $100 i think $56 if it is over $3000 i think it will be $3899.

It is funny to think about because if we knew we would be filthy rich wouldn't we.

We certainly would.


Title: Re: Bitcoin price in 10 years.....
Post by: ensurance982 on April 23, 2015, 08:47:10 PM
You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.

You don't need money to enter the Internet - well at least not to that extent. Also, the Internet is an even more basic technology and provides an incredible amount of utility to the people using it. Just don't fall too hard for that analogy!
How do you enter the internet without paying an ISP?
Also, we could say Bitcoin is to money what TCP/IP was to internet, and it's a pretty accurate analogy, even Andreas agrees with this view.

When you pay an ISP you exactly know what you're getting, there're no surprises and no risk of losing your money. Also the investment is relatively small. People may see at their friends houses how the Internet works and what the benefits are. If I really want to profit from BTC  I have to buy some coins.


Title: Re: Bitcoin price in 10 years.....
Post by: pereira4 on April 23, 2015, 10:04:04 PM
You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.

You don't need money to enter the Internet - well at least not to that extent. Also, the Internet is an even more basic technology and provides an incredible amount of utility to the people using it. Just don't fall too hard for that analogy!
How do you enter the internet without paying an ISP?
Also, we could say Bitcoin is to money what TCP/IP was to internet, and it's a pretty accurate analogy, even Andreas agrees with this view.

When you pay an ISP you exactly know what you're getting, there're no surprises and no risk of losing your money. Also the investment is relatively small. People may see at their friends houses how the Internet works and what the benefits are. If I really want to profit from BTC  I have to buy some coins.
Dude we are talking at an analogy level, we are comparing protocols and putting things in context. You are missing the point completely.
Of course when you pay an ISP you know what you are getting and no surprises, because its 2015. In the early days no one got internet because it was a mess, just like Bitcoin today.


Title: Re: Bitcoin price in 10 years.....
Post by: minerpumpkin on April 23, 2015, 10:19:25 PM
Just like Satoshi already said, I also believe that in 10 years the volume will either be very high on there will be no volume at all. This will directly be reflected by the price of BTC, which will either be very high or crash even below current levels.


Title: Re: Bitcoin price in 10 years.....
Post by: rjclarke2000 on April 23, 2015, 10:33:59 PM
Just like Satoshi already said, I also believe that in 10 years the volume will either be very high on there will be no volume at all. This will directly be reflected by the price of BTC, which will either be very high or crash even below current levels.


Or "katashi takamoto" as my wife thinks he's called.........


Title: Re: Bitcoin price in 10 years.....
Post by: neurotypical on April 23, 2015, 11:07:15 PM
Just like Satoshi already said, I also believe that in 10 years the volume will either be very high on there will be no volume at all. This will directly be reflected by the price of BTC, which will either be very high or crash even below current levels.
Satoshi predicted everything thus far, including the centralization of mining. Guy was a genius, im pretty sure in 5 years we'll laugh at the current ATH since it will be nothing compared to the current price at that time.


Title: Re: Bitcoin price in 10 years.....
Post by: minerpumpkin on April 24, 2015, 05:02:32 PM
Just like Satoshi already said, I also believe that in 10 years the volume will either be very high on there will be no volume at all. This will directly be reflected by the price of BTC, which will either be very high or crash even below current levels.


Or "katashi takamoto" as my wife thinks he's called.........

You're talking with your wife about Bitcoin? Is she also involved with it or just accepting it as your "weird hobby". I think when it comes to BTC you may either end up a genius or a total fool in 10 years (or maybe even earlier).


Title: Re: Bitcoin price in 10 years.....
Post by: minerpumpkin on April 24, 2015, 05:03:45 PM
Just like Satoshi already said, I also believe that in 10 years the volume will either be very high on there will be no volume at all. This will directly be reflected by the price of BTC, which will either be very high or crash even below current levels.
Satoshi predicted everything thus far, including the centralization of mining. Guy was a genius, im pretty sure in 5 years we'll laugh at the current ATH since it will be nothing compared to the current price at that time.

He just really understood what he was doing. He saw the implications before they played out, which is remarkable. But I'm sure he couldn't predict every single thing happening over the last couple of years, I'm not even sure he would have predicted today's prices!


Title: Re: Bitcoin price in 10 years.....
Post by: Amph on April 25, 2015, 08:08:25 AM
Just like Satoshi already said, I also believe that in 10 years the volume will either be very high on there will be no volume at all. This will directly be reflected by the price of BTC, which will either be very high or crash even below current levels.
Satoshi predicted everything thus far, including the centralization of mining. Guy was a genius, im pretty sure in 5 years we'll laugh at the current ATH since it will be nothing compared to the current price at that time.

He just really understood what he was doing. He saw the implications before they played out, which is remarkable. But I'm sure he couldn't predict every single thing happening over the last couple of years, I'm not even sure he would have predicted today's prices!

well today price doesn't matter much, since is a "passing price", i don't think he cared at all about all the swings, or if he follow the chart so desperately like many of us, if he did some math about the price he based it on block halving and hashrate increase.


Title: Re: Bitcoin price in 10 years.....
Post by: tokeweed on April 25, 2015, 08:24:34 AM
Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.



In 10 years?  I think this will be $10,000 per Bitcoin.  So better buy now, it can go surge to +1000 really fast.  Remember 2013?


Title: Re: Bitcoin price in 10 years.....
Post by: shmadz on April 25, 2015, 09:18:31 AM
Ten years is a long time. I hesitate to put a dollar price on that timeframe, though I expect to be able to buy a nice house (current dollar value, around 500 k) for roughly 20 bitcoin in ten years - so in today's dollars I suppose I'm hoping for roughly 25k per bitcoin.

Or zero, zero is always possible.



Title: Re: Bitcoin price in 10 years.....
Post by: minerpumpkin on April 25, 2015, 07:17:25 PM
Just like Satoshi already said, I also believe that in 10 years the volume will either be very high on there will be no volume at all. This will directly be reflected by the price of BTC, which will either be very high or crash even below current levels.
Satoshi predicted everything thus far, including the centralization of mining. Guy was a genius, im pretty sure in 5 years we'll laugh at the current ATH since it will be nothing compared to the current price at that time.

He just really understood what he was doing. He saw the implications before they played out, which is remarkable. But I'm sure he couldn't predict every single thing happening over the last couple of years, I'm not even sure he would have predicted today's prices!

well today price doesn't matter much, since is a "passing price", i don't think he cared at all about all the swings, or if he follow the chart so desperately like many of us, if he did some math about the price he based it on block halving and hashrate increase.

I believe he was mainly concerned about the block-reward-halving times and the actual factor of the halvings (they could've been 1/3, 1/4, 1/x, or any other maybe even logarithmic or exponential factor). He made sure that they made sense (more or less) and sent Bitcoin on it's way. There are tons of altcoins with different difficulty-adjustment-formulas and reward-schemes. If one of them was really better than BTC, they would have the biggest market cap already!


Title: Re: Bitcoin price in 10 years.....
Post by: minerpumpkin on April 25, 2015, 07:24:14 PM
Ten years is a long time. I hesitate to put a dollar price on that timeframe, though I expect to be able to buy a nice house (current dollar value, around 500 k) for roughly 20 bitcoin in ten years - so in today's dollars I suppose I'm hoping for roughly 25k per bitcoin.

Or zero, zero is always possible.



Wow that's really a decent price and also, if I may say so: a bold prediction during these bearish days. I'm rather worried about the weeks and months to come, but I also believe that we may achieve those prices if Bitcoin continues to gain traction and finds even more use-cases. A bold goal, but I think it's still possible in 10 years or so!


Title: Re: Bitcoin price in 10 years.....
Post by: rjclarke2000 on April 25, 2015, 10:26:48 PM
Ten years is a long time. I hesitate to put a dollar price on that timeframe, though I expect to be able to buy a nice house (current dollar value, around 500 k) for roughly 20 bitcoin in ten years - so in today's dollars I suppose I'm hoping for roughly 25k per bitcoin.

Or zero, zero is always possible.




This is exactly what I am hoping for. Same timeframe and roughly the same number of btc.

Enough to be in the game if it succeeds but not too much to be suicidal if it fails.


Title: Re: Bitcoin price in 10 years.....
Post by: ensurance982 on April 25, 2015, 10:29:58 PM
Glad to see that there are still some people who are willing to put some decent money into the game without actually having their hopes up too high, or denying the possibility of losing it all - which may very well still happen! Just keep a cool head and everything will be fine :)


Title: Re: Bitcoin price in 10 years.....
Post by: rjclarke2000 on April 25, 2015, 10:37:54 PM
Glad to see that there are still some people who are willing to put some decent money into the game without actually having their hopes up too high, or denying the possibility of losing it all - which may very well still happen! Just keep a cool head and everything will be fine :)


Well.....I may buy a little more!😉


I'd be a bit pissed off if it fails as I enjoy reading up on the forums each evening.

.......for this reason it can't fail.