$10,000 per bitcoin

[sumit513]

I think we are going to spend $10,000 per bitcoin sooner than we thought because more countries are legalizing bitcoin. Australia is going to do it on July 1st, India is on its way. What do you think?

[MadGamer]

10,000$ is not impossible to achieve but when? I don't think we will see it anytime soon, we are currently finding hard times to go to 3000$ so 10k is a little bit unrealistic at the moment. Bitcoin regulation could definitely boost the price a little bit but we will never have a lot of demand until people know for sure that their money is safe, this is only achievable by putting the bitcoin scaling proposals behind us,"chain split" isn't something someone would like to read.

[virtualdn]

You are looking too low! $10,000 is nothing. BTC can reach $50,000 in a few years and I'm not joking, just wait and see, the potential is there

[sumit513]

You are looking too low! $10,000 is nothing. BTC can reach $50,000 in a few years and I'm not joking, just wait and see, the potential is there

It will go to $50,000 for sure, but first, lets talk about $10,000.

[virtualdn]

You are looking too low! $10,000 is nothing. BTC can reach $50,000 in a few years and I'm not joking, just wait and see, the potential is there

It will go to $50,000 for sure, but first, lets talk about $10,000.

Well I'd say that's a very probable price for Bitcoin and we will see it in max. 2-3 years time. August 1 will raise BTC value I'm sure.

[J Gambler]

I think we are going to spend $10,000 per bitcoin sooner than we thought because more countries are legalizing bitcoin. Australia is going to do it on July 1st, India is on its way. What do you think?

Probably bitcoin can now reach as more than $10000 . It has been popular and it has a high demand in the market now so theres no reason for it not to have as much like that. Many countries will soon legalize it therefore the bitcoin value will increase more. Theres no doubt about it. Bitcoin will rise in 2 to 10yrs more.

[Dudeperfect]

I strongly believe that bitcoin is worth $10K at this moment and it is undervalued but I also notice the increasing transaction fees, delayed confirmations & the volatility in the price are the main reasons of bitcoin's slow growth. Everyone out there is excited about bitcoin but not all of them are as risk takers and enthusiastic like us so they will probably enter in bitcoin when we will find the solution to these issues. I am sure a couple of years is the maximum time frame for this milestone.

[Xester]

I do not know if it was good or bad.  Reading all your comments it seems that it is more of a disadvantage.  But, to think that bitcoin price is going higher and higher, and even if it will be legalized in other country, I do not think that it will affect us that great.  But we will see.

[haroldtee]

I strongly believe that bitcoin is worth $10K at this moment and it is undervalued but I also notice the increasing transaction fees, delayed confirmations & the volatility in the price are the main reasons of bitcoin's slow growth. Everyone out there is excited about bitcoin but not all of them are as risk takers and enthusiastic like us so they will probably enter in bitcoin when we will find the solution to these issues. I am sure a couple of years is the maximum time frame for this milestone.

I kinda agree with you. The huge civil war and scaling challenge going on could probably be one of the reasons why bitcoin ain't really targeting the moon yet. All these are challenges that would pass anyway and I am sure one day, we will look back and say it was worth it. However it is, we willl survive it but with what OP said, I ain't sure $10,000 is feasible anytime soon.

[youdacapt]

I strongly believe that bitcoin is worth $10K at this moment and it is undervalued but I also notice the increasing transaction fees, delayed confirmations & the volatility in the price are the main reasons of bitcoin's slow growth. Everyone out there is excited about bitcoin but not all of them are as risk takers and enthusiastic like us so they will probably enter in bitcoin when we will find the solution to these issues. I am sure a couple of years is the maximum time frame for this milestone.

High fees and slow management of blocksize are still the main reasons why bitcoin prices are still slowing. But I am sure it will be resolved by the end of this year. Bitcoin can go straight up but there are worries about high prices then it will not be balanced with ongoing business, the need to impose prices will always happen but cannot be too drastic, I think the current price is ideal, the next wave will occur at the end of this year.

[joao1973]

We will see them for sure but the time is not known if in 1, 2, 3, 4 or 5 years

[Gaaara]

10,000$ is not impossible to achieve but when? I don't think we will see it anytime soon, we are currently finding hard times to go to 3000$ so 10k is a little bit unrealistic at the moment. Bitcoin regulation could definitely boost the price a little bit but we will never have a lot of demand until people know for sure that their money is safe, this is only achievable by putting the bitcoin scaling proposals behind us,"chain split" isn't something someone would like to read.

The outcome might be a reverse of what you stated, as they will be legalized the primary impact will be on improving bitcoin not on gaining demand for higher price because as we know bitcoin is starting to have some certain problems regarding transaction (transaction fee, delay of confirmation) governments might want it to be more functional and useful so high price are unnecissary for doing so. (Bitcoin is not only for investment purposes.)

[The Sceptical Chymist]

I know it's my fault for not reading any news, but what's up with all this "legalization" stuff?  Was bitcoin actually outlawed in any countries?   Russia is the only one I ever knew about, and I did read a post about Ecuador or Argentina.   

I'm not a doubter anymore.   I didn't think we'd hit $3000 even two months ago, so 10k could certainly happen within the next couple of years.

[bouren]

I think we are going to spend $10,000 per bitcoin sooner than we thought because more countries are legalizing bitcoin. Australia is going to do it on July 1st, India is on its way. What do you think?

Legalizing bitcoin doesn't directly raise the prices. But the raise in number of users is what affect the prices to rise. When a country legalise bitcoin, it helps bitcoin in two way. Existing users get a chance to expand their working with bitcoin either as a form of investment or as payment mode. Whereas new users come to know and start using it who earlier fear to use it as sake of conventional approach. Thus, if such big countries going to legalize bitcoin then we could say $10000 is not a big play. 

[unamis76]

I think we are going to spend $10,000 per bitcoin sooner than we thought because more countries are legalizing bitcoin. Australia is going to do it on July 1st, India is on its way. What do you think?

Yet again... It's been happening very frequently recently around here, can you post sources to backup your post?

Maybe you mean that double taxation will end in Australia?

Regarding India, maybe you mean this?

[Lieldoryn]

I know it's my fault for not reading any news, but what's up with all this "legalization" stuff?  Was bitcoin actually outlawed in any countries?   Russia is the only one I ever knew about, and I did read a post about Ecuador or Argentina.   

I'm not a doubter anymore.   I didn't think we'd hit $3000 even two months ago, so 10k could certainly happen within the next couple of years.

The legalization of bitcoin is absurd. The government just wants to accept bitcoin a means of payment to have the official right to demand payment of taxes from transactions using BTC. I do not understand how this can affect the popularity of BTC. It may have the opposite effect.

[Prodigan786]

I think it may possible in next two to three years . There is no exact or genuine resource for legalising bitcoin in Australia and India I also read some article let's wait and watch.

[lady Royal]

Legalizing Bitcoin doesn't mean that it price will increase.
Yes, I do accept the fact that more people accept Bitcoin its demand increase, but that doesn't increase the price.
There are still hundreds of facts which are still to be analyzed and we cannot just depend on legalization.

[joao1973]

The valuation of BTC clearly is still low in a few years will be in line with the fiat

[dey90]

This may not be the value you expect, but it all depends on the bitcoin itself. With some high demand will grow it. If year to year with good popularity then it is not possible to get better bitcoin.