Bitcoin will reach $10,000

[molecular]

If USD was to go away tomorrow how would you know how much a Bitcoin is worth?

Euros, Yuan, gold, rubles?

I think the OP was referring to an increase in Bitcoin's value, not the dollar's collapse, although both are probably inevitable to some degree.

What if there was no more gold or silver or fiat money, How would you determine Bitcoins value then?

Camels, salt, women, mobile phones, bread?

[tokeweed]

Inspired by this thread https://bitcointalk.org/index.php?topic=245802.0 I thought I'd try the scientific approach.


Before 2020 is my non-fact-based estimate.  What do you think?

it could happen. but then, it could not.

[mp420]

Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.

If this does indeed happen, I'm going to be filthy rich.

[molecular]

Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.

If this does indeed happen, I'm going to be filthy rich.

not necessarily:

[ruletheworld]

Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.

If this does indeed happen, I'm going to be filthy rich.

Where did you come up with the "natural" value of Bitcoin as $20?

[mp420]

Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.

If this does indeed happen, I'm going to be filthy rich.

Where did you come up with the "natural" value of Bitcoin as $20?

Gut feeling based on comparing price to other adoption indicators (mainly number of transactions).

[mp420]

Oh, and I thought "five-hundred-fold" but typed "five-thousand-fold", it appears.

[hamiltino]

Never. My conclusion is that while Bitcoin is useful, it's not THAT useful. It won't be eternally cheaper than other payment solutions, and it has its hassles. While it has way to go, I think it's grossly overpriced at the moment; the "natural" value of Bitcoin should not be over $20. So, in order to be "naturally" valued $10,000 the adoption should grow five-thousand-fold. I think this is unlikely. Not impossible but very unlikely.

If this does indeed happen, I'm going to be filthy rich.

Where did you come up with the "natural" value of Bitcoin as $20?

Gut feeling based on comparing price to other adoption indicators (mainly number of transactions).

Show me the maths.

[Jaroslaw]

wheres the moron who open this threat

[Book]

If USD was to go away tomorrow how would you know how much a Bitcoin is worth?

Euros, Yuan, gold, rubles?

I think the OP was referring to an increase in Bitcoin's value, not the dollar's collapse, although both are probably inevitable to some degree.

What if there was no more gold or silver or fiat money, How would you determine Bitcoins value then?

If every currency is wiped I guess people just determine on resources and objects. Most likely the same way the where when these currencies were around.

[Viceroy]

wheres the moron who open this threat

That would be me.   I threatened to drive btc to $10,000 with this thread.  I'm surprised how easy it was to support my position.  We are strong believers, huh?  That $260 made us hungry.

[Jaroslaw]

wheres the moron who open this threat

That would be me.   I threatened to drive btc to $10,000 with this thread.  I'm surprised how easy it was to support my position.  We are strong believers, huh?  That $260 made us hungry.

Make another one with bitcoin will reach $100 000 000

[Viceroy]

That would be CRAZY!  ;-)

[monkeybars]

wheres the moron who open this threat

That would be me.   I threatened to drive btc to $10,000 with this thread.  I'm surprised how easy it was to support my position.  We are strong believers, huh?  That $260 made us hungry.

Make another one with bitcoin will reach $100 000 000

Could happen but not until there are hundreds of billions of people in the economy. Talk to you in 2313

[viboracecata]

I just cared when it will get back to 110 again.

Dreamers always achieve dreams by dreaming?

[Jozzaboy]

wheres the moron who open this threat

That would be me.   I threatened to drive btc to $10,000 with this thread.  I'm surprised how easy it was to support my position.  We are strong believers, huh?  That $260 made us hungry.

Make another one with bitcoin will reach $100 000 000

1 BTC at 100mil? I don't know what I would do with the money really. Complete my fortress and fund a local senator enough to acquire military hardware defenses? 

I know! I'm build a bloody space station!

[just_me]

Not likely. No reason to buy bitcoins if they are too expensive. There are plenty of other coins now that are much cheaper.

[ruletheworld]

Not likely. No reason to buy bitcoins if they are too expensive. There are plenty of other coins now that are much cheaper.

I hope you didn't use the same logic selling USD and buying Zimbabwean dollars because they were "cheap" - a billion of those for a USD!