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Piladeer
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June 08, 2016, 06:24:37 PM
 #121

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.
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June 08, 2016, 06:26:50 PM
 #122

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

It is crazy, the main growth of bitcoins price has already happened. It gets alot harder to get that kind of growthe the higher the amount gets. People would literally have to be throwing money into it to get it to reach 10k and hardly anyone would be able to sell without affecting the price. Thing is once it got anywhere even near 1k people will sell straight off the mark.

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June 08, 2016, 06:27:40 PM
 #123

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

Again, active users don't matter. Does gold have 5 million people constantly paying for stuff with gold? exactly.
We just need a couple whales to get in and price goes beyond $10000 easy.
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June 08, 2016, 06:32:15 PM
 #124

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

Again, active users don't matter. Does gold have 5 million people constantly paying for stuff with gold? exactly.
We just need a couple whales to get in and price goes beyond $10000 easy.


It would have to be a couple of serious whale spending somewhere in the billions on bitcoin which isnt going to happen. Think about it. Someone with just 100 bitcoins which is nothing can cash out with 1 million and there are literally hundreds of people with the same or more, That 10k bitcoins would get eaten up in no time.

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June 08, 2016, 06:38:59 PM
 #125


It would have to be a couple of serious whale spending somewhere in the billions on bitcoin which isnt going to happen. Think about it. Someone with just 100 bitcoins which is nothing can cash out with 1 million and there are literally hundreds of people with the same or more, That 10k bitcoins would get eaten up in no time.

Literally hundreds of people? Steady on there. You might blow your own mind. I think we should crowd fund you a month on the ISS to remind that you're living on a large planet and more than a few hundred people live there. There might be thousands even.

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June 08, 2016, 06:41:44 PM
 #126


It would have to be a couple of serious whale spending somewhere in the billions on bitcoin which isnt going to happen. Think about it. Someone with just 100 bitcoins which is nothing can cash out with 1 million and there are literally hundreds of people with the same or more, That 10k bitcoins would get eaten up in no time.

Literally hundreds of people? Steady on there. You might blow your own mind. I think we should crowd fund you a month on the ISS to remind that you're living on a large planet and more than a few hundred people live there. There might be thousands even.

So your confirming what ive said then but instead of hundreds of people your right, thousands of people have more than 100 bitcoins and would be more than eager to cash them in should it hit 10k per coin. Therefore 10k would not be very easy to reach and maintain.

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June 08, 2016, 06:44:03 PM
 #127


It would have to be a couple of serious whale spending somewhere in the billions on bitcoin which isnt going to happen. Think about it. Someone with just 100 bitcoins which is nothing can cash out with 1 million and there are literally hundreds of people with the same or more, That 10k bitcoins would get eaten up in no time.

Literally hundreds of people? Steady on there. You might blow your own mind. I think we should crowd fund you a month on the ISS to remind that you're living on a large planet and more than a few hundred people live there. There might be thousands even.


This reply is very amusing but very true.
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June 08, 2016, 06:46:39 PM
 #128


So your confirming what ive said then but instead of hundreds of people your right, thousands of people have more than 100 bitcoins and would be more than eager to cash them in should it hit 10k per coin. Therefore 10k would not be very easy to reach and maintain.

Depends on the nature of the rise. If it was spiraling beyond 10k then why would you sell? It would be doing what it was designed to do which is deflate. Also you'd probably have many more options to directly buy the stuff you fancy. That would negate any need to sell it. If you don't want to buy anything then you may as well sit back and let it continue to appreciate.

Having said that I'm sure there are enough traders who'd be happy to attempt to oblige but if that price level was nudged, and who knows whether it ever will, there'll have to be a ton more demand and some actual finance professionals getting on board. The current crop of traders would be wiped out or sit on their hands like most holders.

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June 08, 2016, 06:53:50 PM
 #129


So your confirming what ive said then but instead of hundreds of people your right, thousands of people have more than 100 bitcoins and would be more than eager to cash them in should it hit 10k per coin. Therefore 10k would not be very easy to reach and maintain.

Depends on the nature of the rise. If it was spiraling beyond 10k then why would you sell? It would be doing what it was designed to do which is deflate. Also you'd probably have many more options to directly buy the stuff you fancy. That would negate any need to sell it. If you don't want to buy anything then you may as well sit back and let it continue to appreciate.

Having said that I'm sure there are enough traders who'd be happy to attempt to oblige but if that price level was nudged, and who knows whether it ever will, there'll have to be a ton more demand and some actual finance professionals getting on board. The current crop of traders would be wiped out or sit on their hands like most holders.

Indeed but chances are if we get to that kind of value then actual finance professionals are already onboard, If bitcoin continues as it is then its going to be used more as a store of value and not used to actually buy anything. If this is the case then 10k would be a life changing amount for many people who would probably want to cash out. Im a holder i just dont think we can reach such heights.

Im also willing to accept crowd funding for a mind blowing experience aboard the ISS

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June 08, 2016, 07:07:59 PM
 #130


Indeed but chances are if we get to that kind of value then actual finance professionals are already onboard, If bitcoin continues as it is then its going to be used more as a store of value and not used to actually buy anything. If this is the case then 10k would be a life changing amount for many people who would probably want to cash out. Im a holder i just dont think we can reach such heights.

Im also willing to accept crowd funding for a mind blowing experience aboard the ISS

Ok. I'll see what I can rustle up.

I'm not sure anyone can yet guess what Bitcoin's going to become. I think the store of value case makes more sense than internet currency. In that case if a sufficient chunk of the global population agreed then 10k would be a ludicriously low valuation.

It might become the de facto currency for obtaining other assets. If I was selling my fancy house would I prefer crappy old dollars that I'd immediately want to shift into another asset or sit and relax with my Bitcoins for a while?

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June 08, 2016, 11:19:10 PM
 #131

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

2020?

how long did facebook need to grow from 1 million to 5 million?

and how long dd it take to go from 5 million to 12 million?

and from 12 million to 600 million?

growth is exponential, not linear.

don't expect bitcoin to be different.

It will either fail completely or be the most successful currency ever.

With this many users I doubt it will fail, since even though there is competition, every day bitcoin is the biggest it will continue to gain more users exponentially, so it will be exponentially harder for altcoins to surpass bitcoin.

An altcoin can only surpass bitcoin if it has more users, because of the network effect. And every day that is not happening, it will become harder to happen in the future. It won't take long before bitcoin will reach critical mass, at which point it won't ever be surpassed.
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June 09, 2016, 12:26:02 AM
 #132

Its obviously going to take some significant time.

Unless some crazy adaptive measures take place, are people perceive bitcoin as a gov partnered thing like a treasury note.

But outside from the obvious remarks above, its better to just focus on current price which is still good being $580ish in 1 month span of time.

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June 09, 2016, 08:23:35 AM
 #133

A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more years before we have finally reached the five digit price.
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June 09, 2016, 11:20:37 AM
 #134

A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more years months before we have finally reached the five digit price.

FTFY
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June 21, 2016, 06:31:56 PM
 #135

A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more years before we have finally reached the five digit price.

I agree with that. It will take 3 to 4 years to take the price to 5 digits. It will also need good adoption level.
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June 21, 2016, 07:41:11 PM
 #136

In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.
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June 25, 2016, 08:05:14 AM
 #137

In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

5 digits will not happen in the next two years. But with the help of more adoptions and devleopments, it could happen in 5 to 10 years.



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June 25, 2016, 08:09:56 AM
 #138

In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

We can expect 5 digits in next 5 years and not before that, as its taking too long to reach even 4 digits so its not possible to achieve 5 digits in this year for sure.

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June 25, 2016, 01:41:08 PM
 #139

A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more years before we have finally reached the five digit price.

I agree with that. It will take 3 to 4 years to take the price to 5 digits. It will also need good adoption level.

It probably will have a chance at the next block reward halving.
There will be a sea change in the bitcoin ecosystem before that.

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June 25, 2016, 01:47:26 PM
 #140

In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

5 digits will not happen in the next two years. But with the help of more adoptions and devleopments, it could happen in 5 to 10 years.

More adoptions and developments will just lead for an increase of bitcoin usage as a currency.

If that is the case, bitcoin price will not that go for a surge even for many years as coins will now be on a regular circulation in the world of currency.

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