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Author Topic: $10k????  (Read 19445 times)
gbBit
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May 24, 2016, 09:08:01 AM
 #221

The problem with a bitcoin reaching this value is that it will have to become more widely used and exchanged.  If there's to only be 21M BTC total and with a current world economy worth about $75.5T then that would bring every BTC to be worth $3.6M each if only bitcoins were to be exchanged.  So reaching $10k is defiantly possible.

But the biggest road block I see for BTC taking off is the denomination of bitcoins are not built to fit into everyday people's thinking or spending.  Just think the average salary in the US is approximately $30k and people work all year for 3 BTC.  Or a monthly salary of .25 BTC.  I can't imagine working for a complete month for .25 of anything and the idea of buying a candy bar for .0001 just doesn't make sense.  People don't like to think in fractions or decimals and will want to be paid and spend in whole numbers.  Until the mBTC or mircoBTC are commonly used terms then BTC will suffer to gain popularity among normal people.
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May 24, 2016, 02:13:16 PM
 #222

$10k=2016

your thoughts?
10,000 dollars in 2016 is something that is never going to happen that is just unrealistic. We have to think about what really can happen and not what people hope for that maybe can happen.
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May 24, 2016, 02:23:30 PM
 #223

This is unrealistic approach which is not going to happen soon.In fact no one can not predict anything about Bitcoin's price.But there should be so reasons and ground preparations to happen all this.There will be some increase in coming weeks but false hype isn't making anything positive but disappointments.

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May 25, 2016, 09:12:34 AM
 #224

$10k=2016

your thoughts?
It will not happen in 2016 that is for sure because we are almost halve way 2016 and I have seen no signs yet of the price being 10k. We will at least need two more years for something like this big to happen.
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May 25, 2016, 12:51:09 PM
 #225

This would be great but in reality this is impossible as of the moment. Im okay seeing the price stable in $1k-$2k range. If that prediction happen, for sure it would be really hard to earn btc by that time.

Yeah and I also think if price goes that higher then we won't have an opportunity to earn from signature campaign, as they might shut down their campaign.

signature campaigns are an interesting form of advertising for services and companies. they will continue to exist as long as the forum rules allow it. higher price of bitcoin will only result in lower signature campaign earnings, that's it.

Yeah campaigns will continue to move on even if bitcoin price goes higher, but there will be sure change in payouts as they will reduce the rates for sure.
The chance is not that high that you can make such a high profit with the Bitcoin and that is the problem and nobody will also now what is going to happen with the value.
And when the value is going to rise so that is the problem and that have to rise soon we all waited already a long time.
I agree we are now 5 months in to 2016 and we have seen no sign yet of the price being 10k per bitcoin. It is just not going to happen this year.
Maybe next year the chances of that happening are greater.
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May 25, 2016, 12:55:46 PM
 #226

This would be great but in reality this is impossible as of the moment. Im okay seeing the price stable in $1k-$2k range. If that prediction happen, for sure it would be really hard to earn btc by that time.

Yeah and I also think if price goes that higher then we won't have an opportunity to earn from signature campaign, as they might shut down their campaign.

signature campaigns are an interesting form of advertising for services and companies. they will continue to exist as long as the forum rules allow it. higher price of bitcoin will only result in lower signature campaign earnings, that's it.

Yeah campaigns will continue to move on even if bitcoin price goes higher, but there will be sure change in payouts as they will reduce the rates for sure.
The chance is not that high that you can make such a high profit with the Bitcoin and that is the problem and nobody will also now what is going to happen with the value.
And when the value is going to rise so that is the problem and that have to rise soon we all waited already a long time.
I agree we are now 5 months in to 2016 and we have seen no sign yet of the price being 10k per bitcoin. It is just not going to happen this year.
Maybe next year the chances of that happening are greater.

do you even know what you are saying? of course there are no signs of seeing $10,000 prices this year. there are even no signs of seeing $1000 this year...
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May 25, 2016, 01:39:57 PM
 #227

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.
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May 26, 2016, 03:45:22 PM
 #228

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.

$10,000 is about 25 times of present price. It might take up to 10 years to achieve that value.

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May 26, 2016, 03:55:07 PM
 #229

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.

$10,000 is about 25 times of present price. It might take up to 10 years to achieve that value.

Exactly it will take almost decade to reach there as its not small amount to be achieved and its only possible if we see mass adoption in future.
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May 26, 2016, 05:17:47 PM
 #230

Sooner than a lot of people predict, we'll reach 5 figures. I think a lot of people that will sell as soon as we hit 1K again, will become extremely depressed once they realize the magnitude of their mistake, best case scenario it will only cause depression, worst case scenario, suicide due missing out on massive gains.

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May 27, 2016, 12:40:34 AM
 #231

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.

$10,000 is about 25 times of present price. It might take up to 10 years to achieve that value.

it may just as easily take 10 months to achieve that value.

you can't really tell

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May 28, 2016, 04:51:24 PM
 #232

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.

$10,000 is about 25 times of present price. It might take up to 10 years to achieve that value.

it may just as easily take 10 months to achieve that value.

you can't really tell

If the price rises 50% a year, it will take 8 years to rise 25 times. But it might be shorter as bitcoin is still very young.
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May 28, 2016, 05:08:14 PM
 #233

We will be soon at 1000k again as the new floor, so that will be doing x10 of the last ATH. Extremely easily done as more and more countries start removing cash and making citizens pay stupid insanely high taxes, they will look for ways to keep working outside fo the government radar so they can make enough money to pay the bills, which will lead to a trillion+ dollar market of Bitcoin jobs. We will be at a solid 10k+ per coin Bitcoin in the next decade.


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May 28, 2016, 05:12:24 PM
 #234

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.

and to reach $500 apparently did not have to wait the end of the year. but today the price so quickly increased to $500, and the end of the year could possibly touch in $1000 because we will also pass halving.



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thejaytiesto
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May 29, 2016, 06:30:56 PM
 #235

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.

and to reach $500 apparently did not have to wait the end of the year. but today the price so quickly increased to $500, and the end of the year could possibly touch in $1000 because we will also pass halving.

It shows how pessimists a lot of people became. When the price is not raising quickly and it becomes stable, people start making very soft predictions, they stop believing in impossible things, but Bitcoin proves them wrong once again. Everytime you start considering a prediction as unrealistic, it ends up being reality. We've just hit 530 hours ago, and we are already at 520 after a small correction and it continues going up. This is fantastic.


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May 29, 2016, 11:25:31 PM
 #236

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.

$10,000 is about 25 times of present price. It might take up to 10 years to achieve that value.

it may just as easily take 10 months to achieve that value.

you can't really tell

If the price rises 50% a year, it will take 8 years to rise 25 times. But it might be shorter as bitcoin is still very young.

in 2013 the price rose 100 times in 11 months

if this was the result of the halving in late 2012, then we might see something of a similar scale in 2017

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.ALL.ME.*
..SOCIAL NETWORK OF THE BLOCKCHAIN TIME..
▬▬▬▬▬▬▬▬▬  BOUNTY all.MEJan 29th - May, 8th, 2018  ▬▬▬▬▬▬▬▬
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May 30, 2016, 10:24:20 AM
 #237

That is a lot of money but it wont reach that high value soon and that is because it needs a long time until the value will be higher and in the end of the year it will only reach some $500 I think.
So it takes a really long time when you want to reach that high value so you need also the patience for it.

$10,000 is about 25 times of present price. It might take up to 10 years to achieve that value.

it may just as easily take 10 months to achieve that value.

you can't really tell

If the price rises 50% a year, it will take 8 years to rise 25 times. But it might be shorter as bitcoin is still very young.

in 2013 the price rose 100 times in 11 months

if this was the result of the halving in late 2012, then we might see something of a similar scale in 2017

No, that was not the result of halving. The rise due to block halving is about 10 times. The rest is due to Mt Gox manipulation.

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May 30, 2016, 02:29:18 PM
 #238

Bitcoin will not reach that high value and that is because it also needs a long time until the value will be more worth so that is really nice of the Bitcoin.
But it is still hard to know what will happen with the Bitcoin and it would be nice of course if we can earn a lot of profit with the Bitcoin.
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May 30, 2016, 06:47:30 PM
 #239

Bitcoin will not reach that high value and that is because it also needs a long time until the value will be more worth so that is really nice of the Bitcoin.
But it is still hard to know what will happen with the Bitcoin and it would be nice of course if we can earn a lot of profit with the Bitcoin.

The mass adoption of the bitcoin takes time. According to networking effect, when the user number double, the price will quadruple.
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May 30, 2016, 06:56:06 PM
 #240

Bitcoin will not reach that high value and that is because it also needs a long time until the value will be more worth so that is really nice of the Bitcoin.
But it is still hard to know what will happen with the Bitcoin and it would be nice of course if we can earn a lot of profit with the Bitcoin.

The mass adoption of the bitcoin takes time. According to networking effect, when the user number double, the price will quadruple.

Bitcoin has an ability to achieve this price in future for sure, but we have to wait for a long time to see this price, may be in next 5 years it can achieve that price.
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