Cozynunu
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June 17, 2016, 07:55:11 AM |
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That is not going to happen and of course you see now that the value of Bitcoin becomes more worth and that is really nice. But you have to know that it is not rising that fast so we have to wait a longer time for it to reach a higher value.
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beerlover
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June 18, 2016, 09:30:24 PM |
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10,000 There is no reason for price to get pumped to it within one month or atleast this year. It needs lot more years to reach that level. 2x 3x Halving more and Yes BTC can reach up to 10,000 $ Think that We are living in EARTH BitCoin need to be profitable to exsist but can not be SO SO SO MUCH profitable cuz everyone gonna get to rich to fast.... Yes if You invest 100,000 $ and You get Your investment back in few montsh and later You win like about 5,000 - 10,000 $ per month is okey but if You will win like 10,000$ monthly than something is wrong it will be TO MUCH profitable... Same with all other markets like food, cigarretes, weed PPC PPD etc etc it give You something but not to be rich ... Halving is just an event where bitcoin mining reward is halved by 50%, that's all. If market's demand or adoption never raise up, there's no way bitcoin price could rise up because halving. So, the key is mass adoption not halving. The demand will increase it is sure as now every person is using bitcoin, and a number of websites also have adopted bitcoin for their businesses, so even after halving people will buy bitcoin and in that case the value of bitcoin will increase.
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d5000
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Decentralization Maximalist
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June 18, 2016, 10:19:51 PM |
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For 10.000 to happen, there are basically two ways:
1. Bitcoin is really adopted as a currency by many people and businesses all over the world, for example dominating the remittance market. That would mean that we would need better usability, and also probably less volatility. So this way would be the long one - not less than, let's say, 5 years (I expect 10). In this case, early adopters will really have the chance to be a "wealthy elite". But it's the hard way. Some people here in this subforum, I think, would prefer ...
2. Greedy speculators (Wall street?) declare Bitcoin the "next big thing". An insane rally begins and brings Bitcoin in a few weeks to the moon. The problem is that when they take their profits, it will go down again because everyone would panic and the few bagholders would be left with prices like now (or even lower). So no, then the Bitcoiners would not be an elite.
Scenario 2 is possible, but I think probability is very low for it to happen this year.
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WaffleMaster
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June 19, 2016, 12:49:08 AM |
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For 10.000 to happen, there are basically two ways:
1. Bitcoin is really adopted as a currency by many people and businesses all over the world, for example dominating the remittance market. That would mean that we would need better usability, and also probably less volatility. So this way would be the long one - not less than, let's say, 5 years (I expect 10). In this case, early adopters will really have the chance to be a "wealthy elite". But it's the hard way. Some people here in this subforum, I think, would prefer ...
Mass adoption does not equal price rise. Sure, people may buy and hold it so the speculation then is what makes the price rise anyways. However, when people start getting into it more as a currency and use it, then they will buy and instantly use it for goods which then the person who had the goods uses it (or most likely sells it at the early stages because fiat is still strong). So excluding the mining fees it's a net neutral transaction, not a net profit.
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Cyaren
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June 19, 2016, 04:19:07 AM |
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Well, it could happen but I don't really think so. However if there is a major collapse in the status of the US dollar then sure, anything can happen with the bitcoin price as it is unlinked to USD.
Who knows, we could even see $50k.
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hermanhs09
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June 19, 2016, 06:35:18 AM |
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I think it is possible but not probable. Anything going 13x its current price value within a month is hard, but if anything is going to do it, it's going to be bitcoin. Not the stock market exchange xD
That is just too short of a timeframe IMO.
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2double0
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June 19, 2016, 01:47:54 PM |
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Talk bullish, talk smart, but don't talk bullshit, don't talk stupid. 10000 is still impossible as there are no reasons for bitcoins to get above that value. Just based on halving, do you think you are too lucky to dive in and see 10000 bucks for nothing?
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Red-Apple
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June 19, 2016, 01:50:36 PM |
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i doubt that 10,000 USD per 1 bitcoin is even possible to reach not in one month not even in one moth i think it is better to talk and speculate about more real prices and the current state of bitcoin price not something imaginary which may never even happen.
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--signature space for rent; sent PM--
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Holdaaja
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June 19, 2016, 01:55:48 PM |
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I believe that 10 000$ per coin is very realistic prediction. But I don't think it can happen in just one month.
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bL4nkcode
Copper Member
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Limited in number. Limitless in potential.
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June 19, 2016, 02:07:16 PM |
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We are soon entering into a totally new price range when we, bitcoin investors, become a new wealthy elite! Don't sell now because price will skyrocket soon to the moon. It's a trap to sell now!! It will go higher and higher until 10 000 dollars which is a psychological barrier
I guess $10 000 USD is too much, Or should we say it will break at $1000 but $10 000 is too far but its not impossible I guess. I can happen but se dont know when. But we have to expect more about the up coming halving. So just hold , wait for the right price before selling it and earn more.
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Barbut
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June 19, 2016, 02:08:26 PM |
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So just like that on 10 000 $. That sounds to good to be truth, and no matter how much everyone here would love to see that happen it's just impossible. For that we need to wait next halving, or even more.
I think if we see BTC price stabile over 1000 $, it will be a big success. And for beginning that is enough for everyone to feel satisfied, btc will grow slowly and that is good for long run.
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Biodom
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Merit: 4252
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June 19, 2016, 06:41:00 PM |
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IF we assume repeating bubble or bubblets, then $10000 within a year or two is possible (on the spike). The prior two bubbles were:
0.68 in April 4 2011 to $28.6 on June 8, 2011 a 41 time rise in about two months, followed by a 93% decline to $2.05 on Nov 18, 2011
13.3 on Jan 1, 2013 to 1147 on Dec 4, 2013 (some people start counting at July 5 $66, but I think first bubblet from 13 to 250 should be included)-a 85-fold rise (or 16 fold rise from July), followed by 85% decline to $177. Notice the decrease in decline %.
This (potential bubble) might go to 41-85X of the lowest ($177) point to $7257-15025 at the spike or second spike (as in 2013), followed by a 78% decline to $1669-3455.
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BlueStackz
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June 20, 2016, 06:38:37 AM |
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We are soon entering into a totally new price range when we, bitcoin investors, become a new wealthy elite! Don't sell now because price will skyrocket soon to the moon. It's a trap to sell now!! It will go higher and higher until 10 000 dollars which is a psychological barrier
1 trillion dollars. I would advise op to sell his family if he has one and buy buttcoins - as much as possible! Yes, we can say that one day the price of bitcoin will be at $10,000 but we cannot say that the price will reach to $10,000 in the next month as in the next month the price can only double up or may increase to triple.
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fulgdenea
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June 20, 2016, 06:43:01 AM |
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What $10,000 within current month i am not agreed with op because that is not realistic and it looking hard limit will be around $1000, i think keep hope for this kind of high price it is dreaming with open eyes because there no reason for this kind of increase.
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Kellor
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June 20, 2016, 07:34:48 AM |
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What $10,000 within current month i am not agreed with op because that is not realistic and it looking hard limit will be around $1000, i think keep hope for this kind of high price it is dreaming with open eyes because there no reason for this kind of increase. I do not think the price will reach $10000 within a month. If it does happen, I will sell all my bitcoins and enjoy life after.
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maudevang
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June 20, 2016, 07:45:16 AM |
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bitcoins up to 10.000 each i dont think that would be able just in a couple of months. Then we need to invest allot more into the bitcoin than we allready doing right now.
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sishendaoye
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June 20, 2016, 07:53:25 AM |
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We are soon entering into a totally new price range when we, bitcoin investors, become a new wealthy elite! Don't sell now because price will skyrocket soon to the moon. It's a trap to sell now!! It will go higher and higher until 10 000 dollars which is a psychological barrier
We all know that that is not going to happen anytime soon now because even tho the price is rising pretty fast, for it to suddenly go to $10,000 is almost impossible to just happen.
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DuckKeeper
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June 20, 2016, 08:01:29 AM |
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I think you are suggesting wrong things because how do you think the price of the bitcoin will rise to 10000 each in just a month i dont think you know anything about it.
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Kellor
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June 21, 2016, 09:10:18 AM |
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I think you are suggesting wrong things because how do you think the price of the bitcoin will rise to 10000 each in just a month i dont think you know anything about it.
It is just wide speculation. It is in the right section of the forum. If the price rise to $10,000 in 5 years, I will be very happy.
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fkvidar
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June 21, 2016, 09:14:39 AM |
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I think you are suggesting wrong things because how do you think the price of the bitcoin will rise to 10000 each in just a month i dont think you know anything about it.
Exactly that price is impossible to achieve in a month, and it will take a long time to reach there may be we can see that price after 10 years not before that.
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