Will Bitcoin Reach $10,000 One Day?

[dotsync]

Quite possibly. It will crash a few times in the meantime though. IMO, multiple cryptocurrencies will inflate and deflate in relation to BTC and help stabilize the market. My eyes are on FTC.

[naphto]

I don't think so.
Not soon at least

[exstasie]

Does it have the potential to reach $10k? Of course!
Will it reach $10k? No idea.  The way BTC is going and the strong adoption suggests that it is possible, but it depends now on the market adoption of BTC and if governments are going to intervene on it.

[marcovaldo]

Does it have the potential to reach $10k? Of course!
Will it reach $10k? No idea.  The way BTC is going and the strong adoption suggests that it is possible, but it depends now on the market adoption of BTC and if governments are going to intervene on it.

If btc price is going to reach such a high value, it should have a lot of new use

[azguard]

Quite possibly. It will crash a few times in the meantime though. IMO, multiple cryptocurrencies will inflate and deflate in relation to BTC and help stabilize the market. My eyes are on FTC.

rising from morning this maybe is the 3rd coin or maybe not will see in few months

[tamb0r]

the more it is adopted there is a possibility it will rise more

[marcovaldo]

And then 100k usd?
It will take years to reach 10k if it suceed to go that high :O

[kevindanielbrown]

I learned about Bitcoin near the beginning of the year and mostly ignored it and wrote it off as a silly game.  Then I started seeing more and more news articles, friends on facebook posting about them, and even my friends talking about them.  It seemed like the news of them just wouldn't go away.  It was then that I finally decided to really learn about them and I did a lot of reading and watched a bunch of youtube videos.  It wasn't after I understood it combined with the ever growing news about them that I decided to buy a couple which at that time were about $125 each.  Well the news hasn't slowed down and I just keep hearing more and more about new services, sites that accept them, etc.  For this reason I do not think bitcoin is at all a fad and I am extremely confident that yes bitcoin will reach $10,000 one day.  I'm not at all confident in this time frame but if I had to guess I would say that they will hit $10,000 in 2 years.

[WayTooGosu]

I really doubt that it will ever reach $10,000. Only after half of the possible number of Bitcoins that can be mined has been mined did it finally reach $1,000.

[RonPaul1993]

I believe Bitcoin will reach 10.000 within 6 months. Bitcoins has already made the impossible possible a dozen of times.

[Nano Fiber]

There's no doubt in my mind that Bitcoin will reach $10,000 one day - I predict it'll happen in the middle of 2014, at the rate things are going now. In fact, I don't think it'll be that much of a stretch to say that Bitcoin will reach $100,000 if not $1,000,000 by 2040. Perhaps that's being too optimistic, but we'll see.

[RonPaul1993]

[...] Perhaps that's being too optimistic, but we'll see.

Well, I find it actually pretty pessimistic

[rostbiffen]

Your Opinion,

Let it happen.

BTC

i hope.

[TRJohnnyc]

Bitcoin is a deflating currency, unless its security is compromised, a better alternative comes along, or the world economy shrinks in an apocalyptic manner 10000 is pretty much inevitable.

[manoamano]

Bitcoin is a deflating currency, unless its security is compromised, a better alternative comes along, or the world economy shrinks in an apocalyptic manner 10000 is pretty much inevitable.

Non-sense.
And Bitcoin is not a deflating currency.
Bitcoin has a limited number of bitcoins, in the time

[MR2]

Actually mathematically BTC will reach Infinity someday.

That is because there is a fixed amount of BTC and the amount is dropping (by wallet loosage for example) and the amount of humans is rising.

Therefore it is mathematically proofed, that BTC - when used as currency - has to reach infinity value if the timespan is long enough. That sad, the timespan of BTC is not infinite and it will get replaced when it is not longer suitable.

10k is therefore a valid amount for 1 BTC - IF btc is used as a regular currency, which we will see.

[manoamano]

Actually mathematically BTC will reach Infinity someday.

That is because there is a fixed amount of BTC and the amount is dropping (by wallet loosage for example) and the amount of humans is rising.

Does not make sense at all.



There is a limited (and not fixed) amount of oil in the world, and the number of humans is rising.
It does not mean that the price of oil will increase to infinity.

[coincontender]

Here's my take:

Look at the exchanges we use to trade stocks.

Now look at crypto currency exchanges.

Notice the difference? Would lag and downtime be acceptable?

I think in the next 5 years etrade or tdameritrade will get into cryptos. when that happens and everyone is talking about crypto coins like the they did back in 1999 pre-internet bubble days...it will go ballistic as everyone will be wanting to invest in it.

Could very easily go 100k when that happens.

I think it will go 5-10k in 2014 before any of that happens as more people find out about it and start buying. That's not to say there won't be boom or bust cycles...but the long trend is always up.

I like where your head is at, optimistic but definitely viable. 

[MR2]

There is a limited (and not fixed) amount of oil in the world, and the number of humans is rising.
It does not mean that the price of oil will increase to infinity.

Oil can be made synthtetically. Expansive but possible. Technology can adapt different fuels. So sooner or later noone would need to pay the price for oil anymore.

Easy said: Value = Demand / Supply

With BTC Supply can only decline while Demand can only rise. Given an infinite timespan, value goes infinite. In Real World that just means, that BTC will reach enormous value IF the above equation stays valid.

PS: Yes, Mr. Obvious, this is a simplification, not the "real world equation of death"

[syp]

It seems like 10K could be possible. I'm curious if anyone has estimated the likely price per coin if bitcoin replaces the current credit-card/paypal market?