Bitcoin 10k when?

[b1007]

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

[Scamalert]

This is a quote from Satoshi himself:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

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

[Hazir]

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...

[b1007]

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.

[Scamalert]

This is a quote from Satoshi himself:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

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

I agree, I think Bitcoin hasn't reached its peak yet, but after that what is going to happen? Altcoins will take over and Bitcoin will depreciate in value, however be permanently relevant since its infrastructure is then being integrated into the regular economy. I believe we are going to have many succesfull crypto currencies in the future and it will contribute to the idea that cross-national boundaries are the root of evil in human civilization since it is the cause of wars, inequal wealth distributions, genocides and all kinds of other evil stuff mankind has brought forth upon itself...

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.

[AgentofCoin]

This is a quote from Satoshi himself:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

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

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.

[oblivi]

This is a quote from Satoshi himself:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

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

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.

[dothebeats]

This is a quote from Satoshi himself:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

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

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.

[LFC_Bitcoin]

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

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.

[jonald_fyookball]

10-15 years sounds reasonable to me as well.

[Scamalert]

This is a quote from Satoshi himself:

Feb. 14, 2010:

I’m sure that in 20 years there will either be very large (bitcoin) transaction volume or no volume.

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

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.

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

[GonnaGrinditout]

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."

[franky1]

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

[dothebeats]

$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.

[Meuh6879]

10-15 years sounds reasonable to me as well.

i agree.

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

[Scamalert]

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

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.

[Meuh6879]

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

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.

[electerium]

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.

[electerium]

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

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.

[Meuh6879]

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).