The Mythical $10,000 USD bitcoin

[wopwop]

bitcoin's idea is worth way more than 10.000$ per bitcoin

imo 1.000.000$ per bitcoin seems fair to the people of earth

[Wekkel]

If BTC reaches $10,000 at the current stage of the BTC economy, THAT would be a bubble.....

That would be the end of bitcoin.

we have official confirmation, gentlemen 

[CasinoBit]

Problem is that the price of bitcoin rises and many people that have absolutely no idea about bitcoin or computers in general are making "investments" to try and profit off the phenomena.

[b!z]

Problem is that the price of bitcoin rises and many people that have absolutely no idea about bitcoin or computers in general are making "investments" to try and profit off the phenomena.

It's good for them and it's good for all of us too.

[John Self]

where do you get world GDP as 340T?   The USA is still the largest economy and its GDP is only around 20t right?

I am in contact with Morisson Bonpasse, who authored "The Single Global Currency" who has provided me with that estimate. He runs the Single Global currency association (www.singleglobalcurrency.org)

That figure of 340T isn't even close to being correct.

http://en.wikipedia.org/wiki/World_economy

If your present-day figures are total shit, why should anyone believe your extrapolations about future figures?

[CasinoBit]

Problem is that the price of bitcoin rises and many people that have absolutely no idea about bitcoin or computers in general are making "investments" to try and profit off the phenomena.

It's good for them and it's good for all of us too.

People like stability when it comes to currency, it is good for bitcoin as an investment and as a virtual commodity but not as a currency which most of the forum supports according to my understanding.

[johnyj]

Given current daily money supply of $2.8 billion from QE infinite and 3600 bitcoin, 10K is quite possible, but that will change when FED start to tighten

[Minor Miner]

where do you get world GDP as 340T?   The USA is still the largest economy and its GDP is only around 20t right?

I am in contact with Morisson Bonpasse, who authored "The Single Global Currency" who has provided me with that estimate. He runs the Single Global currency association (www.singleglobalcurrency.org)

It is off by an order of magnitude.   How does he explain that.  The US is 14T and the whole G8 is only 34T and then it drops off the face of the earth from there.

[samson]

Given current daily money supply of $2.8 billion from QE infinite and 3600 bitcoin, 10K is quite possible, but that will change when FED start to tighten

You seem to be ignoring the fact that outside the US nobody really gives a crap what the 'FED' thinks.

[samurai1200]

Given current daily money supply of $2.8 billion from QE infinite and 3600 bitcoin, 10K is quite possible, but that will change when FED start to tighten

You seem to be ignoring the fact that outside the US nobody really gives a crap what the 'FED' thinks.

Wrong. Something like 70% of all Forex trade is done with the USD as the quote currency. Interp/Extrapolated, that means most people interested in currencies outside the US give a crap what the Fed thinks.