Rising Numbers

[BassBoat]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

[Hugroll]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

definetely, after the halfing next year the price is certainly going up. might not go up over 1000 but its definitely going up. and slowly over time price is going to break 1000 and keep escalating, in about 15 years from now, i see bitcoin at being worth $5000 ea

[Pab]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

That is enough if in USA inflation will appear,that moment btc price   will sky rocket,another reason if Chinise business will accept bitcoin one time again.EU and Euro is  on the edge,Euro may die any moment
Yes  it is possible to have btc at that prce,biggest issue is bitcoin price be stable

[BassBoat]

What does halfing mean?  I have only bought one coin.  I am trying to figure all this out before diving in.

[bitbaby]

What does halfing mean?  I have only bought one coin.  I am trying to figure all this out before diving in.

Bitcoin Halving* means the the reward the miners get when the succesfully mine a block gets halved, currently it is 25 bitcoins but after the halving it will become 12.5 bitcoins. People associate this with the price increase because the supply will get reduced by half and if the demand remains the same, the price is bound to go up.

But it is still very far.

[BassBoat]

Thank you.  How many make a blockchain?  Hope I asked that correctly.

[zodiac3011]

Thank you.  How many make a blockchain?  Hope I asked that correctly.

Nope not at all. I guessed you used the translator LOL. I don't really understand what you mean
Anyway, the price of bitcoin surely gonna go up as this is the trend right now (a week ago it was like $270 I think). And it will be sky-rocket when the halving coming next year. However the price at the moment, in my opinion, is not stable because it increased really fast

[steveds]

Thank you.  How many make a blockchain?  Hope I asked that correctly.

first read something about bitcoins .....https://en.wikipedia.org/wiki/Bitcoin
this is just speculation nothing is guaranteed ,dont invest the amount you cannot afford to lose.

[Amph]

1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore

if everything goes well we can hit 10k, with the next halving already...

[zimmah]

Thank you.  How many make a blockchain?  Hope I asked that correctly.

it doesnt matter how many people are making the blockchain, every 10 minutes (on average) a new block is created. This system is self-regulating, so if there are more miners, the problems become harder to solve, so that they will still be solved in 10 minutes (but this increases the security), but if there are less miners the problems become easier, so they still take 10 minutes to solve (but the network gets less secure).

Right now, every 10 minutes, 25 new bitcoins are created (and we already have 14,800,000 bitcoins). In a year a total of 1.314.000 bitcoins will be generated, so that's about 10% of what we have, which means that in theory the inflation would be 10% (in practice the bitcoin value still can go up because more people start using it).

But next year, only 12.5 bitcoin will be made every 10 minutes (so 75 per hour instead of 150 per hour). Which means that only about 650.000 new bitcoins will be made per year, which is less than 5% inflation.

It's still quite a lot, but every 4 years or so this will keep on halving. Until almost no new bitcoins will be created. (In 2140 or so, no new bitcoins will be created at all).

[zimmah]

1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore

if everything goes well we can hit 10k, with the next halving already...

we can hit it before the halving, not sure if it will happen, but it might.

[Pierre 2]

Definitely. You know that it already hit 1k in past like 2 years ago? So that basically means it is not surprise to hit it again.
But I don't think it would happen in short range time.

[Mickeyb]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

Mate 1K is nothing compared to the prices that this thing can really climb to. The world is still discovering this awesome technology. Did you see what was on the front page of the Economist?

We need to give the world time. Time not just to learn about Bitcoin, but time that Bitcoin earns the much necessary trust. Once this happens, prices will go up very high.

[Searing]

I am new to the Bitcoin world but trying to learn.  Can you in reality in the far future ever see a coin be worth more than 1K or more?

Mate 1K is nothing compared to the prices that this thing can really climb to. The world is still discovering this awesome technology. Did you see what was on the front page of the Economist?

We need to give the world time. Time not just to learn about Bitcoin, but time that Bitcoin earns the much necessary trust. Once this happens, prices will go up very high.

the catch is will open crypto catch on (btc) or will banks say the evil btc is not the way to go and their pos coin method is better (trust us we are your bank see...puppies)

so the war has not started yet on btc being evil and push back imho it will be soon thou...imho ...the powers that be in finance are starting to figure this btc and open crypto stuff is really really a threat

remember: the only things the banks do NOT like about Bitcoin and the blockchain is THEY did not invent it first and patent it.......thats the rub on their part...it is 'gasp' 'dismay' 'open source' w/o any controls etc..(the horror bank execs feel at that)

when that fear takes hold...look out ..they will come after open crypto with a vengance imho....(hope i'm wrong..but doubt it) ;(

[dothebeats]

Possible, seeing that the trend points out that we should be going up right now. Also, we have already seen $1100 from $0 so I think we will see much higher than that.

[thejaytiesto]

Yes, 1k ATK peak will look like a drop in the sea in 10 years. WE are talking 5 figure Bitcoins and above in 10 years, because the marketcap right now is specially tiny. It's only 4 billion, other companies have hundred thousands of billions of dollars. It's a VERY simple math. Small supply, big demand = Bitcoin must be 100K +dollars, there are no ifs.

[Tstar]

When the market will be mature enough a price range between 500 and 750$ is more than reasonable.
My only concern is that then BTC will have to face the Gold price. IMHO it is very unlikely to have a single BTC higher in value than a Gold oz.

It is just a psychological thing, I don't think this will happen. But I hope it will.

[Q7]

Why not? It has all the features and I bet you've read all of it. Right now, it is probably under priced and have the best chance to rise further due to the removal of restrictions placed by the Chinese government. My target price at this moment is 500 level. I know a lot of people put hope on the $1000 but I think we still have a long way to go. Anything is possible. 

[odolvlobo]

What does halfing mean?  I have only bought one coin.  I am trying to figure all this out before diving in.

Approximately every 4 years, the subsidy to miners is halved. Eventually, it will go to 0 and miners will only be paid from transaction fees. The subsidy is the method of creating new bitcoins, and the halvings limit the total supply to 21 million bitcoins. Other than ensuring that the supply of bitcoins is limited and some economic effects, the halvings have no direct effect on you or your bitcoins.

People like to celebrate Halving Day, so get ready to party next year!

[Denker]

1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore

if everything goes well we can hit 10k, with the next halving already...

we can hit it before the halving, not sure if it will happen, but it might.

So you think this will be the priced in halving then? Or do you expect a much larger effect while and after the halving event?