the blind optimism in this thread is sad and childish. bitcoin will never be worth 10000 usd. it is a pipe dream and you better let it go. bitcoin is supposed to be a currency not your personal lottery ticket. sadly beliefs like this are probably the reason why we are still close to the tripple digits as it keeps holders of big amounts of bitcoins from cashing out. the price of bitcoin is just reflects the current sentiment towards this pipe dream. Coinseeker is being called a troll and ignored for bringing a little bit of realism to bitcoin wonderland. if crypto currency will succeed bitcoin will be surpassed by something better. best case scenario is that there will be a perpetual stream of cryptocurrencies that never really break out into the mainstream similar to the centralized grey area currencies like perfect money, liqpay and liberty reserve. in any case i bet my left nut that 10k for one coin will never happen and it never should because value fluctuations are poison for a currency. but it is still early and bitcoin has been widely successful but we need people actually using it instead of the get rich quick crowd that hopes that bitcoin will enable them to comfortably retire in the near future.
There are thousands, if not millions, of absolutely plausible scenarios that could happen within the next decade which could drive the price for one bitcoin well above 10,000 USD. Admittedly, in many of these scenarios, the buying power of USD would be greatly decreased. In other words, we could see 10,000 USD bitcoin, but by that time 10,000 USD might be what a set of new tires costs.
I do think that bitcoin reaching 10,000 dollars a coin and the buying power of the USD remianing steady is unlikely- if bitcoin starts to go mainstream fast it will only be because of widespread hyperinflation, which would lead to a flight out of dollars and devaluation. If bitcoin goes mainstream slow, it will be because of advantages as a payment system, and we won't see such a radical increase in terms of real purchasing power.
I consistently hear people claiming that new and improved versions of bitcoin will come out. Why hasn't a better store of value than gold been found in thousands of years?
A lot of people compare bitcoin's growth to the growth of the internet. They compare bitcoin to Netscape, saying it is the first, but better will come out. I say no way José, bitcoin is TCP/IP. After all, bitcoin is a protocol, not a program.
Just adding to the diversity of opinions.
