btcbug
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July 16, 2016, 03:26:23 PM |
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bitcoin is a netscape of digital currencies. there will be more advanced central bank coin in the future with regular people mass adoption which you can actually use at grocery store
IMO that is practically irrelevant. Gold exists and it's not an accepted form of money, but almost exclusively used as a safe haven asset. There is $8 TRILLION invested in Gold. If people use FiatCoin in the future there is still a case for an alternative safe haven crypto asset (BTC). If BTC reaches 2% of Gold market cap then we're at $10,000 BTC. If 1 bitcoin is worth $10k, it will cost (1800 bitcoins mined per day) x ($10,000 per bitcoin) = $18 million per day to secure the bitcoin network at current level. Eighteen million dollars every day, six billion five hundred seventy million dollars per year, forever and all time. Doesn't seem practical Seems like a large amount I agree, but in the grand scheme it's still a drop in the bucket. For a global payments system and store of value that 8 Billion people can potentially benefit from? I think money has been spent in far worse ways.
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ASHLIUSZ
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July 16, 2016, 03:41:22 PM |
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We need one solid bull run to cross $10K. It might happen sooner than 2026, is what I feel. The next halving might push us to that level. it can not go from $600 to $10k just because another halving is taking place, so we must have first another pump or two, to 3k-5k level, then we might see more easily the 10k mark Forecasting the future price of bitcoin is difficult, my assumption is that the price may cross $5k and not more.
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BitCinderella
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Activity: 7
Merit: 0
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July 16, 2016, 03:44:23 PM |
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bitcoin is a netscape of digital currencies. there will be more advanced central bank coin in the future with regular people mass adoption which you can actually use at grocery store
IMO that is practically irrelevant. Gold exists and it's not an accepted form of money, but almost exclusively used as a safe haven asset. There is $8 TRILLION invested in Gold. If people use FiatCoin in the future there is still a case for an alternative safe haven crypto asset (BTC). If BTC reaches 2% of Gold market cap then we're at $10,000 BTC. If 1 bitcoin is worth $10k, it will cost (1800 bitcoins mined per day) x ($10,000 per bitcoin) = $18 million per day to secure the bitcoin network at current level. Eighteen million dollars every day, six billion five hundred seventy million dollars per year, forever and all time. Doesn't seem practical Seems like a large amount I agree, but in the grand scheme it's still a drop in the bucket. For a global payments system and store of value that 8 Billion people can potentially benefit from? I think money has been spent in far worse ways. Didn't you say FiatCoin will be the global payment system, with BTC being an "alternative safe haven crypto asset"? Bitcoin makes a pretty poor "global payments system," it can process 7 transactions per second max. That's enough for maybe two US shopping malls. On a slow day.
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FruitBucket
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July 18, 2016, 03:33:32 PM |
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The price of bitcoin could be $10,000 in 5 to 10 years. But it depends on the mass adoption of bitcoin.
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escrowboy
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July 18, 2016, 04:23:34 PM |
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bitcoin is a netscape of digital currencies. there will be more advanced central bank coin in the future with regular people mass adoption which you can actually use at grocery store
IMO that is practically irrelevant. Gold exists and it's not an accepted form of money, but almost exclusively used as a safe haven asset. There is $8 TRILLION invested in Gold. If people use FiatCoin in the future there is still a case for an alternative safe haven crypto asset (BTC). If BTC reaches 2% of Gold market cap then we're at $10,000 BTC. If 1 bitcoin is worth $10k, it will cost (1800 bitcoins mined per day) x ($10,000 per bitcoin) = $18 million per day to secure the bitcoin network at current level. Eighteen million dollars every day, six billion five hundred seventy million dollars per year, forever and all time. Doesn't seem practical Seems like a large amount I agree, but in the grand scheme it's still a drop in the bucket. For a global payments system and store of value that 8 Billion people can potentially benefit from? I think money has been spent in far worse ways. Didn't you say FiatCoin will be the global payment system, with BTC being an "alternative safe haven crypto asset"? Bitcoin makes a pretty poor "global payments system," it can process 7 transactions per second max. That's enough for maybe two US shopping malls. On a slow day. The reason bitcoin is developing is because to fix the issues we're facing like slow transactions.. Soon this things will be fix and there will be no reason as bitcoin won't be good payment system globally.
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Denker
Legendary
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Activity: 1442
Merit: 1016
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July 18, 2016, 04:31:15 PM |
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bitcoin is a netscape of digital currencies. there will be more advanced central bank coin in the future with regular people mass adoption which you can actually use at grocery store
Sorry but that is not correct. Bitcoin is a network and protocol first, like the internet or TCP/IP for instance. Netscape was a service created on top of that! Bitcoin is no service!!There are many services on top of that using Bitcoin!! You are compering apples and oranges here.
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sishendaoye
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July 19, 2016, 07:48:23 AM |
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I do think that it is possible for the price to be $10,000 in 2026 it may be even higher then that we just have to wait and see what will happen. With Bitcoin you will never know what is going to happen in the future.
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azguard
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Crypto-News.net: News from Crypto World
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July 19, 2016, 09:09:06 AM |
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I do think that it is possible for the price to be $10,000 in 2026 it may be even higher then that we just have to wait and see what will happen. With Bitcoin you will never know what is going to happen in the future.
no can predict exactly what will be price even for this halving there speculation for how much from 800 - 3500$ in 10 years who hows we might like you said and many before see price so high or even so low (hard on this one) my estimate is that we will see good price considering its from 10 year from now we might see dream 5 or even 6 digits in price
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FruitBucket
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July 20, 2016, 07:45:15 AM |
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I do think that it is possible for the price to be $10,000 in 2026 it may be even higher then that we just have to wait and see what will happen. With Bitcoin you will never know what is going to happen in the future.
2026 is 10 years away from now. The price could be around $50,000 at the time if there is good mass adoption.
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Bitcoinbro
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July 20, 2016, 07:50:27 AM |
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In 2026, mining would be very unprofitable. Transactions would take days or even longer and the bitcoin is going to die at that point.
It can be possible if the price is going to be that high in 2026 but we can not be sure about that right now because we have a couple of years that we need to get trough. I hope that it is going to be that high because I would for sure sell it for that price.
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yubsep
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July 20, 2016, 08:15:25 AM |
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I think 1 Bitcoin will be over $10,000 in 2032 and 1 satoshi = $0.0001 2016 2nd halving to reward block 12.5 BTC2020 3rd halving to reward block 6.25 BTC2024 4th halving to reward block 3.125 BTC2028 5th halving to reward block 1.5625 BTC2032 6th halving to reward block 0.78125 BTC- Mining bitcoin will be so difficult but not impossible.. To mine you must be get Antminer s100000 - Bitcoin the future of currency and most of websites 85% will be add bitcoin for payment systems... - May be fees of transactions will be increase little but never be late for 1 day maximum 30-60 min to receive your transaction.. Technology upgrading every hour to be smartest and fastest... Remember 1 bitcoin was $1032 in the middle of 2013...
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sishendaoye
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July 21, 2016, 03:36:54 PM |
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In 2026, mining would be very unprofitable. Transactions would take days or even longer and the bitcoin is going to die at that point.
It can be possible if the price is going to be that high in 2026 but we can not be sure about that right now because we have a couple of years that we need to get trough. I hope that it is going to be that high because I would for sure sell it for that price. It can be possible but that is a really long time that we have to wait for the price to be that high and that is what I do not like about Bitcoin. The waiting process can sometimes be way to long.
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dmarine
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Merit: 10
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July 21, 2016, 04:06:46 PM |
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It is possible, given the long period of time to gain space.
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Vikingr
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July 21, 2016, 10:13:17 PM |
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In 2016 it will be very hard for the bitcoin to reach to the value of $10 000 , I think the price will increase but only to around $1000, and the price will then continue and will take some more years to reach to $10 000.
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angaper
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July 21, 2016, 11:08:07 PM |
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I would like to know what are your theoretical basis to think that bitcoin will achieve that price at that precise time. I think it is almost impossible to foresee what will happen on the altcoin world in ten years because of the continuous advances that we are seeing in technological innovations every day. And I don't think the bitcoin price can achieve a price above $1500 ever.
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FruitBucket
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July 22, 2016, 08:32:20 AM |
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It is possible, given the long period of time to gain space.
That is right. 10,000 is just 16 times of present value. In the past 7 years, the price more than doubled every year on average.
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CryptoBjorn
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July 22, 2016, 10:11:56 AM |
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It is possible, given the long period of time to gain space.
That is right. 10,000 is just 16 times of present value. In the past 7 years, the price more than doubled every year on average. Where did you get this information from? If you count 2012 200, then 2013 would be 400, 2015 800 and 2016 1600. We are not even close tot that figure, not even half.. So no it's bad math/ investment advice. Expecting 20% per year, is ok.
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retrocoingames
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July 22, 2016, 01:15:05 PM |
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10,000+ sounds good to me. Kind of makes it tough spending the bitcoins I have now thinking about that!
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FruitBucket
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July 23, 2016, 05:43:56 PM |
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10,000+ sounds good to me. Kind of makes it tough spending the bitcoins I have now thinking about that!
There is no need to wait 10 years for the bitcoin price to reach $10,000. It might take much shorter than that.
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CloudStrife
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July 23, 2016, 06:09:43 PM |
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It can be before 2026, but we need a safe and stable network over the coming years.
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