When $10k?

[machinek20]

I dont think we are able to see 10k this year, bitcoin still in unstable condition and then alt coins have gain a lot of attention causing bitcoin investor to decrease, slowly we are seeing bitcoin price crawling up, but to reach 10k still need a breakthrough

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[ekoice]

The crypto market cap is still relatively tiny.

I think that it would take a long time for bitcoin to reach $10,000.Already,it is struggling to reach $3000.We all expected last month that bitcoin would soon cross $3000 and it may cross $4000 by this year end.But Due to fear of hard fork after segwit activation,lots of newbies sold their bitcoins which lead bitcoin price to fall down to $2250.But now its recovering.So may be,by the year 2020,bitcoin price may reach $10,000.

[chesthing]

If it hadn't been for the Gox fiasco and the China ban back in '13/'14 I wonder how high it would have gone? if nothing horrible happens now, will it just keep rising? or will there be an inevitable dump and bear market again before the next big leg up?
Probably a stupid question, nobody has a crystal ball.

[jk_14]

If it hadn't been for the Gox fiasco and the China ban back in '13/'14 I wonder how high it would have gone? if nothing horrible happens now, will it just keep rising? or will there be an inevitable dump and bear market again before the next big leg up?
Probably a stupid question, nobody has a crystal ball.

Honestly, every such negative event that doesn't outright kill crypto as a whole is just a fresh opportunity to me. It gives me more time to accumulate and gives new people more chances to proser as well.
Let's just hope that the fresh millionaires actually use their money sensibly rather than blowing it all on coke, lambos and hookers and then going into debt.

[Sanutos]

If it hadn't been for the Gox fiasco and the China ban back in '13/'14 I wonder how high it would have gone? if nothing horrible happens now, will it just keep rising? or will there be an inevitable dump and bear market again before the next big leg up?
Probably a stupid question, nobody has a crystal ball.

I think after the Segwit and block size increase, the price could be $10k in a year.   

[bitbunnny]

Let's be realistic, 10000$ is just exaggerated at this moment. I'm not saying it's impossibe but this will not happen so soon, not this year anyway. And it's hard to predict all the things that would happen at the market and influence the price and what direction will Bitcoin go after August 1. So let's take one step at the time.

[~Bitcoin~]

Marketcap is still thin but we have to know that it will take lots of time to get new investment added to bitcoin so we can't predict when marketcap will grow so that price per bitcoin will be $10k+ but when segwit will be activated I think price will easily cross over $5000 and when LN will be started than price can shoot upto $10k easily. 

[agustina2]

The crypto market cap is still relatively tiny.

Just don't mind the $10,000 as long as price is always rebounding and not to the point that it will drastically goes down always and continously. Soon we can reached that but it needs time. Reality speaking or not, I can say that it has chances to happen.

There are still lots of events in developments that will take placed. Speculations of price increase will not end hence it will give a strong foundation for the bull. Ride the waves and let's see where we will landed.

[Clark05]

For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.

[1Referee]

alt coins have gain a lot of attention causing bitcoin investor to decrease

Not really. If you closely pay attention to how Bitcoin has increased in value, and how the sentiment has been more bullish than ever before, you'll understand that you're wrong. Various altcoins have indeed gained a certain form of attention, but that's mainly due to the fact that people are stunned by the sheer increase of Ethereum, and thus invest in other altcoins in the hope that they will experience the same level of growth. Ethereum without the ICO hype would be sitting below Litecoin's price at current levels. I am not an altcoin fan at all, but the only altcoin I do somewhat appreciate is Litecoin. It has maintained its value extremely well throughout the years. All other alts are straight junk.

[Slow death]

The crypto market cap is still relatively tiny.

Market cap is indeed tiny, which is why i believe that $10k is not probable but rather something that is inevitable. If you think about it, bitcoin is everything that fiat and even gold is and so much more. It deserves to have a much larger market cap.

$10k would mean a $180-210billion market cap depending on the amount of coins in circulation. This might seem a large amount right now but guess what we thought when market cap was at less than 10 billion? Obviously everyone thought that market cap couldn't go up any further -_-

I would say that by 2025, after 2 halvings it is safe to say that bitcoin market cap will quadruple to approximately the $10k level. This plus the inflation of fiat currencies naturally will push bitcoin comfortably over $10k imo.

You did all the calculations and following your reasoning, I think it makes sense.


Still we are not even  $3000 and OP already wants to know when we will be in the $10.000?

Wait until we get to  $3000.

[jk_14]

alt coins have gain a lot of attention causing bitcoin investor to decrease

Not really. If you closely pay attention to how Bitcoin has increased in value, and how the sentiment has been more bullish than ever before, you'll understand that you're wrong. Various altcoins have indeed gained a certain form of attention, but that's mainly due to the fact that people are stunned by the sheer increase of Ethereum, and thus invest in other altcoins in the hope that they will experience the same level of growth. Ethereum without the ICO hype would be sitting below Litecoin's price at current levels. I am not an altcoin fan at all, but the only altcoin I do somewhat appreciate is Litecoin. It has maintained its value extremely well throughout the years. All other alts are straight junk.

If you pay real close attention, you'll notice that there's a lot more people participating in the crypto-markets than before. It is true, that a lot of people are diversifying into altcoins, but since there's so many more people joining the market in general, Bitcoin is and will be climbing. Bitcoin is the hedge against risk and will, along with Ethereum, hold the largest positions in most portfolios. But people will be putting some of their money and/or profits into alts regardless, since the potential gains are too large to not even try.

[Tyrantt]

I can't even speculate if it's going to rain in that moment with looking at the sky. Since the announcement that segwit is being implemented 1st of august, I thought that the price will be going down by a little and we had that little drop to 1900$ (preev.com) but the it went up to 2,756$(preev.com) so I'm even sure about anything and now thinking about investing into bitcoin pre aug 1st.

[chesthing]

For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.

Price went up 4x from 3 years ago, but that was a deflated coin suffering from Mt Cocks fiasco and China bans. You reallly think the next 3 years will see this same growth?

[jk_14]

For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.

Price went up 4x from 3 years ago, but that was a deflated coin suffering from Mt Cocks fiasco and China bans. You reallly think the next 3 years will see this same growth?

Of course it can, whether or not it will is a different question. However, with the influx of new people into the crypto-markets the rates of adoption increase. The more people come in, the more people will come in during the next run. Cryptos are in a stage of exponential growth which could potentially sustain itself up to a point where finances in general are run through the blockchain.
Cryptos are a far more efficient way of equity participation, so it's not completely unreasonable to believe that stock markets could one day be replaced by this technology. In a more pessimistic scenario crypto-markets would be sponging up Paypal/Visa/Mastercard shares of financial transactions, which would still be massive.

In either case, I personally expect a market in the trillions within a few decades. That does not mean that buying a Bitcoin will make you rich though, since it could always be replaced by a better coin if BTC doesn't scale fast enough to cope with increases in demand.

[chesthing]

For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.

Price went up 4x from 3 years ago, but that was a deflated coin suffering from Mt Cocks fiasco and China bans. You reallly think the next 3 years will see this same growth?

Of course it can, whether or not it will is a different question. However, with the influx of new people into the crypto-markets the rates of adoption increase. The more people come in, the more people will come in during the next run. Cryptos are in a stage of exponential growth which could potentially sustain itself up to a point where finances in general are run through the blockchain.
Cryptos are a far more efficient way of equity participation, so it's not completely unreasonable to believe that stock markets could one day be replaced by this technology. In a more pessimistic scenario crypto-markets would be sponging up Paypal/Visa/Mastercard shares of financial transactions, which would still be massive.

In either case, I personally expect a market in the trillions within a few decades. That does not mean that buying a Bitcoin will make you rich though, since it could always be replaced by a better coin if BTC doesn't scale fast enough to cope with increases in demand.

I think the next 3 years will see bigger growth than the last 3 years. I wouldn't eat my dick if I was wrong, but I'm pretty sure it will be more than $10k in 3 years. It took a hell of a lot of time to recover from those problems, there are no pressing problems only good forecast as of now.

[1Referee]

If you pay real close attention, you'll notice that there's a lot more people participating in the crypto-markets than before. It is true, that a lot of people are diversifying into altcoins, but since there's so many more people joining the market in general, Bitcoin is and will be climbing. Bitcoin is the hedge against risk and will, along with Ethereum, hold the largest positions in most portfolios. But people will be putting some of their money and/or profits into alts regardless, since the potential gains are too large to not even try.

Like seriously, what's the point of you basically rehashing everything that I have said, without adding anything contributing? Try harder.

[karabasss]

For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.

Price went up 4x from 3 years ago, but that was a deflated coin suffering from Mt Cocks fiasco and China bans. You reallly think the next 3 years will see this same growth?

I do not believe that growth will be as strong in the years to come. Bitcoin has already made a leap over the past year. And now the growth of its price is unlikely to be as rapid. If bitcoin reaches such a large price, it will happen in 50 years

[jk_14]

If you pay real close attention, you'll notice that there's a lot more people participating in the crypto-markets than before. It is true, that a lot of people are diversifying into altcoins, but since there's so many more people joining the market in general, Bitcoin is and will be climbing. Bitcoin is the hedge against risk and will, along with Ethereum, hold the largest positions in most portfolios. But people will be putting some of their money and/or profits into alts regardless, since the potential gains are too large to not even try.

Like seriously, what's the point of you basically rehashing everything that I have said, without adding anything contributing? Try harder.

Reading comprehension? You stated that a decrease in BTC investors is generally wrong, which it is not. You also stated that all altcoins are junk, which is patently false. Perhaps you should spend more time paying attention and less time being so awkwardly impulsive.

For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.

Price went up 4x from 3 years ago, but that was a deflated coin suffering from Mt Cocks fiasco and China bans. You reallly think the next 3 years will see this same growth?

Of course it can, whether or not it will is a different question. However, with the influx of new people into the crypto-markets the rates of adoption increase. The more people come in, the more people will come in during the next run. Cryptos are in a stage of exponential growth which could potentially sustain itself up to a point where finances in general are run through the blockchain.
Cryptos are a far more efficient way of equity participation, so it's not completely unreasonable to believe that stock markets could one day be replaced by this technology. In a more pessimistic scenario crypto-markets would be sponging up Paypal/Visa/Mastercard shares of financial transactions, which would still be massive.

In either case, I personally expect a market in the trillions within a few decades. That does not mean that buying a Bitcoin will make you rich though, since it could always be replaced by a better coin if BTC doesn't scale fast enough to cope with increases in demand.

I think the next 3 years will see bigger growth than the last 3 years. I wouldn't eat my dick if I was wrong, but I'm pretty sure it will be more than $10k in 3 years. It took a hell of a lot of time to recover from those problems, there are no pressing problems only good forecast as of now.

I believe the same, but I wouldn't be surprised if something stunted growths. In my book it's more likely that adoption rates will increase rather than staying constant or falling off though, which implies a price in excess of $10k to me. I do prefer assuming the worst case scenario though, so I won't feel disappointed if my expectations are off. Also feels better to have more than you hoped for to begin with.

[chesthing]

Bitcoin is the reserve currency and gateway to the alts, it is more than a "hedge".