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Author Topic: Will bitcoin reach $10,000 one day...?  (Read 10055 times)
il--ya
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December 08, 2013, 10:08:33 PM
 #21

I don't its possible, but who knows. Maybe I am wrong, only time will show.
Nobody knows for sure. But I think end of Jan next year it's highly possible. Almost certainly this will happen in the first half of 2014
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macher
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December 08, 2013, 10:31:59 PM
 #22

i think that bitcoin has two possibilities in two years roadmap:

a) value near around 3000-7000$
b) value between 0 and 100$

..and what will be? nobody knows


I pick a) but hard to believe Bitcoin would not reach $10,000 before stabilizing at $3,000-$7,000  within two years

i also think that second altcoin will be litecon... becaue bitecoin has one disadvantage - is not fast. i cant imagine the situation, that in restaurant i will pay with btc and then wait to 3 confirmations. this is the weakness of btc. so in my opinion is btc "gold" (fast and small transactions is not necessary) and litecon "silver"

next question is -  what value would have usd in two years? inflation....
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December 08, 2013, 10:33:54 PM
 #23

I don't think it will happen, however, at the start when I knew about bitcoins, and didn't even expect it to become worth more than a dollar
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December 08, 2013, 10:37:26 PM
 #24

I really doubt it will reach 10k. I think it will only hit up to about 1,300 next year and stay around there for a few years.
PenAndPaper
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December 08, 2013, 10:52:00 PM
 #25

i think that bitcoin has two possibilities in two years roadmap:

a) value near around 3000-7000$
b) value between 0 and 100$

..and what will be? nobody knows


I pick a) but hard to believe Bitcoin would not reach $10,000 before stabilizing at $3,000-$7,000  within two years

i also think that second altcoin will be litecon... becaue bitecoin has one disadvantage - is not fast. i cant imagine the situation, that in restaurant i will pay with btc and then wait to 3 confirmations. this is the weakness of btc. so in my opinion is btc "gold" (fast and small transactions is not necessary) and litecon "silver"

next question is -  what value would have usd in two years? inflation....

First of all you don't need 6 or 3 confirmations. Those are arbitrary numbers. 99.9% of time you 'll be fine with 1 especially for low amounts like a restaurant bill.
In any case for pos like starbacks even 0 confirmations will do the job. Of course some kids will try to take advantage and order a coffee and then double spend but it isn't worth the trouble anyway
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December 08, 2013, 10:58:40 PM
 #26

i think that bitcoin has two possibilities in two years roadmap:

a) value near around 3000-7000$
b) value between 0 and 100$

..and what will be? nobody knows


I pick a) but hard to believe Bitcoin would not reach $10,000 before stabilizing at $3,000-$7,000  within two years

i also think that second altcoin will be litecon... becaue bitecoin has one disadvantage - is not fast. i cant imagine the situation, that in restaurant i will pay with btc and then wait to 3 confirmations. this is the weakness of btc. so in my opinion is btc "gold" (fast and small transactions is not necessary) and litecon "silver"

next question is -  what value would have usd in two years? inflation....

First of all you don't need 6 or 3 confirmations. Those are arbitrary numbers. 99.9% of time you 'll be fine with 1 especially for low amounts like a restaurant bill.
In any case for pos like starbacks even 0 confirmations will do the job. Of course some kids will try to take advantage and order a coffee and then double spend but it isn't worth the trouble anyway

ok, now i dont understand why all merchants/exchanges need at least 3 confirmations? and also this is not the argument why any merchant will be use btc in real shop ("Of course some kids will try to take advantage and order a coffee and then double spend but it isn't worth the trouble anyway")

the system of credit/debit cards hates merchants (because of fee 2%), but it has one advantage - you can trust.
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December 08, 2013, 11:00:18 PM
 #27

i think that bitcoin has two possibilities in two years roadmap:

a) value near around 3000-7000$
b) value between 0 and 100$

..and what will be? nobody knows


I pick a) but hard to believe Bitcoin would not reach $10,000 before stabilizing at $3,000-$7,000  within two years

i also think that second altcoin will be litecon... becaue bitecoin has one disadvantage - is not fast. i cant imagine the situation, that in restaurant i will pay with btc and then wait to 3 confirmations. this is the weakness of btc. so in my opinion is btc "gold" (fast and small transactions is not necessary) and litecon "silver"

next question is -  what value would have usd in two years? inflation....

First of all you don't need 6 or 3 confirmations. Those are arbitrary numbers. 99.9% of time you 'll be fine with 1 especially for low amounts like a restaurant bill.
In any case for pos like starbacks even 0 confirmations will do the job. Of course some kids will try to take advantage and order a coffee and then double spend but it isn't worth the trouble anyway

While it may not be worth the trouble to you or me, I think to greedy corporations that don't want to incur any losses it might be a bigger deal which is why I'm not looking away from litecoins.  That said tho, while we all would like btc to reach sky high levels, I don't see it going much higher than 2500-5000 in the next few years.  then again I could be totally wrong tho since back in april I thought it would never go higher that 200$ lol
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December 08, 2013, 11:05:19 PM
 #28

Relative value of the US dollar will also have a big impact, as it is backed by other currencies as well.
toy4lov3rs
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December 08, 2013, 11:36:33 PM
 #29

Relative value of the US dollar will also have a big impact, as it is backed by other currencies as well.

Not much impact, $10,000 is reasonable to expect within 3 years
scarthan
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December 09, 2013, 12:02:16 AM
 #30

Bitcoin will reach 10,000 dollars and well above in my opinion. Just as we all continually cash out as we think it won't get any higher we ourselves drive the interest in it. All crypto currencies have a much grander purpose and utilitarian existence well beyond what they are being used for now. What will drive them above these limits the most will be the ubiquitous integration into everyday transactions. This all to be taken with a large grain of salt as I'm not only an idealist but optimistic as well and my opinions are just that.
TiagoTiago
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December 09, 2013, 12:06:39 AM
 #31

It would surprise me if we get to the end of 2014 with less than 5 digits.

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

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nahtnam
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December 09, 2013, 12:08:01 AM
 #32

Maybe, but the problem is that they buy and sell limit will decrease as more people will probably be selling instead of buying.

PenAndPaper
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December 09, 2013, 12:30:03 AM
 #33

i think that bitcoin has two possibilities in two years roadmap:

a) value near around 3000-7000$
b) value between 0 and 100$

..and what will be? nobody knows


I pick a) but hard to believe Bitcoin would not reach $10,000 before stabilizing at $3,000-$7,000  within two years

i also think that second altcoin will be litecon... becaue bitecoin has one disadvantage - is not fast. i cant imagine the situation, that in restaurant i will pay with btc and then wait to 3 confirmations. this is the weakness of btc. so in my opinion is btc "gold" (fast and small transactions is not necessary) and litecon "silver"

next question is -  what value would have usd in two years? inflation....

First of all you don't need 6 or 3 confirmations. Those are arbitrary numbers. 99.9% of time you 'll be fine with 1 especially for low amounts like a restaurant bill.
In any case for pos like starbacks even 0 confirmations will do the job. Of course some kids will try to take advantage and order a coffee and then double spend but it isn't worth the trouble anyway

While it may not be worth the trouble to you or me, I think to greedy corporations that don't want to incur any losses it might be a bigger deal which is why I'm not looking away from litecoins.  That said tho, while we all would like btc to reach sky high levels, I don't see it going much higher than 2500-5000 in the next few years.  then again I could be totally wrong tho since back in april I thought it would never go higher that 200$ lol

It might be a bigger deal but bitcoin will give them so much more that kids trying to double spend every now and they would be nothing. Also Litecoin doesn't solves the problem. Remember that 2 mins or 5 mins or 10mins are average times.
TiagoTiago
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December 09, 2013, 12:47:17 AM
 #34

And what is the time you have to wait before you know the customer can't make a charge back on a credit card?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
YoyodyneSystems
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December 09, 2013, 12:54:49 AM
 #35

I think it's very likely. If there is no catastrophic failure of some kind. As more businesses accept it then the demand will increase. My guess is

$1500 by jan 1rst
$2000 by feb 1rst
$10,000 by end of 2014.

Some are saying summer for 10k. But I like to be a little reserved. Those $5k to $3k slides will be interesting.

I think that $30,000k within 3 years from now is possible. But I think that after 6-12 months Bitcoin will have competetion for sure to eat
at it's market share. I think it may stay at $10k and slow down. Bitcoin transaction times are a bit slow. And security and other factors are average.
Revoleixel
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December 09, 2013, 01:29:46 AM
 #36

Looks like its a good time to buy.

Does anyone know of a good bitcoin wallet I can use for my computer?
terman45x
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December 09, 2013, 01:32:21 AM
 #37

Does anyone know of a good bitcoin wallet I can use for my computer?

Use Bitcoin-qt, most secure wallet client, but it will take many hours to synchronize (but only once)
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December 09, 2013, 01:59:58 AM
 #38

Oh most definitely.

hivewallet.com • humint.is • spinjar.me • vizor.io • xbalances.com • inkpad.io
rkam91
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December 09, 2013, 02:02:07 AM
 #39

I think it's very likely. If there is no catastrophic failure of some kind. As more businesses accept it then the demand will increase. My guess is

$1500 by jan 1rst
$2000 by feb 1rst
$10,000 by end of 2014.

Some are saying summer for 10k. But I like to be a little reserved. Those $5k to $3k slides will be interesting.

I think that $30,000k within 3 years from now is possible. But I think that after 6-12 months Bitcoin will have competetion for sure to eat
at it's market share. I think it may stay at $10k and slow down. Bitcoin transaction times are a bit slow. And security and other factors are average.
optimistic estimates, but possible

10,000 by end of 2015

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December 09, 2013, 02:03:30 AM
 #40

I think it's very likely. If there is no catastrophic failure of some kind. As more businesses accept it then the demand will increase. My guess is

$1500 by jan 1rst
$2000 by feb 1rst
$10,000 by end of 2014.

Some are saying summer for 10k. But I like to be a little reserved.


Your very reserved  Smiley
I believe your timeline is off by a factor of 2-3 (your timeline is quick)
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