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Author Topic: A $10,000 Bitcoin is possible, but it won't be what you think it would be  (Read 1151 times)
n0ne
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June 08, 2017, 02:51:20 AM
 #21

It's clear that $10000 is a possible one, because what experts have predicted is much higher than the quoted price. Also the user base is increasing with increased circulation, along with increased holding of bitcoins. This generates a higher demand for bitcoin and cause a price pumping that has got highest chance of reaching $10000 and more.

 
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June 08, 2017, 03:09:40 AM
 #22

It's clear that $10000 is a possible one, because what experts have predicted is much higher than the quoted price. Also the user base is increasing with increased circulation, along with increased holding of bitcoins. This generates a higher demand for bitcoin and cause a price pumping that has got highest chance of reaching $10000 and more.

$10k is possible absolutely, tho it would just take some time for more people, businesses and countries to accept it. Once it's spread enough, I believe we'll see a 5 digit number in the future and we've had a good half of the year with Japan and Australia accepting bitcoin. Just give it some time.
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June 08, 2017, 03:20:12 AM
 #23

People often tend to miss the point with such posts. Yes, I believe it is possible for Bitcoins to be valued at $10,000 USD or greater at some point in the future, but only because the USD is going to suffer from inflation. Not all of us are taking this into account. Bitcoin's value does not come from the USD at all. Let's stop making the comparison, for the sake of economics. It is not a substitute or a competitor of the USD either. It is *actual money*. The US dollar bills are debt slips. Bitcoin is based on supply and demand. It may or may not be the currency of the future, but cryptocurrency definitely is!

You got the point,
Bitcoin is basically the stuff under supply and demand, no-one control it, 24 hours and no holiday.
It is ways too big if compared to fiat money.
Bitcoin is king (so far), it is actually a real stuff with the function of real money.

BTC is like the real lion king in the wild harsh jungle while the fiat money is tamed and controlled,.... there is no way to trade it 24/no holidays.


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June 08, 2017, 03:42:15 AM
 #24

10,000$ bitcoin each is very much possible actually. I think 2 or 3 years from now it will be given or happen.
That's why many of the bitcoin enthusiast are holding it because of this things.
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June 08, 2017, 05:14:27 AM
 #25

People often tend to miss the point with such posts. Yes, I believe it is possible for Bitcoins to be valued at $10,000 USD or greater at some point in the future, but only because the USD is going to suffer from inflation. Not all of us are taking this into account. Bitcoin's value does not come from the USD at all. Let's stop making the comparison, for the sake of economics.
Its easy to miss this point because most of the times we all talk of bitcoins value in dollars and end up pegging it to the USD, which in reality is not what happens.

It is not a substitute or a competitor of the USD either. It is *actual money*. The US dollar bills are debt slips. Bitcoin is based on supply and demand.
Correct the price system of bitcoin  is entirely based on supply and demand, and that is why a $10,000 Bitcoin is possible because of its limited coin supply on condition demand is always there.

It may or may not be the currency of the future, but cryptocurrency definitely is!
Whichever role it plays in the future it has paved way for the mystery future currency

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June 08, 2017, 05:32:02 AM
 #26

People often tend to miss the point with such posts. Yes, I believe it is possible for Bitcoins to be valued at $10,000 USD or greater at some point in the future, but only because the USD is going to suffer from inflation. Not all of us are taking this into account.

Wow, incredible point here!

But if that is true, you're implying that the USD would be in free fall more than other currencies. So while Bitcoin could hit $10,000USD it could still be $2,500 or $5,000 or less than $10,000 in CAD or Pounds or Euro or Yuan?

That would be quite an weird turn of events. This makes the case for putting all of ones savings into Bitcoin and then leveraging the arbitrage between currency values to really make gains in purchasing power, be it with the USD or any other fiat currency.

It's interesting that as the price of bitcoin to fiat gets higher the volatility that still remains (and almost in the same nominal value swings) becomes less concerning. Anyone else feeling more ease about the volatility that still exists?


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June 08, 2017, 10:00:56 PM
 #27

It is possible and it dont need through inflation, it can be reaches if there are a lot of people using bitcoin and we are using usd because it is the most common currency used for global transaction, it doesn't matter what currency we used, it is just an exchange rate as the comparison
Supply and demand, you have the right point though if someone finds a flaw in Bitcoin and is able to make coins out of nowhere even though people say that it’s impossible then the price of Bitcoin would just go on a decline till Bitcoin is finally over.
$10,000 per Bitcoin is easily possible if more people start purchasing it, if purchasing Bitcoin becomes easier to the regular people that don’t use Computers that much then the price would go up really fast.

 
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June 08, 2017, 10:15:49 PM
 #28

I agree, but for some individuals it will be difficult to understand. For many users the first thing that comes in mind is how to sell Bitcoin to get fiat. This is because they fail to understand how Bitcoin can be sustainable in the long run, because such people have not put the effort into understanding the technology and where Bitcoin's value comes from.

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