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Author Topic: Will bitcoin reach $10,000 one day...?  (Read 10110 times)
Connact
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December 09, 2013, 01:12:47 PM
 #61

i think it's only a matter of time before BTC hits $10k, the question is whether or not BTC will be overtaken by somthing else.
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Pattes
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December 09, 2013, 01:24:34 PM
 #62

Unless there's something deeply wrong with it in its code or something like that, I don't see why it couldn't reach 10K. But if it does, it's gonna be much sooner than 2020. Something started on November, the 20th, I don't know what but all coins have started soaring and now that they have some momentum, the best/more original ones will keep increasing in value.There isn't even that many services using Bitcoin (not to mention altcoins) so when it's a fully-fledged currency, it can do much better than it does now. Bottomline : if Bitcoin ever reaches 10K, it's gonna be by the end of 2014 I think, not a long time after that.

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igear2
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December 09, 2013, 02:07:34 PM
 #63

I guess the most people talking, using this forum hope BTC go to 10K, right?
I think BTC will go over 10K, just like it unbelievably goes to 1K.
young3dvard
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December 09, 2013, 02:15:41 PM
 #64

if Bitcoin ever reaches 10K, it's gonna be by the end of 2014 I think, not a long time after that.

I think it has to take longer, 10x more value might mean 10x more time to go to this value. It would make sence to me
slike321
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December 09, 2013, 02:40:42 PM
 #65

It will reach it if rich people keep putting lots of cash in - of course the problem is that they do not spend it either (long term investments) - which will defeat the use of bitcoin as a currency.

Bitcoin needs to be accepted by more retailers to make people spend the money and I think things will get better.
neordicICE
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December 09, 2013, 02:47:14 PM
 #66

Bitcoin needs to be accepted by more retailers to make people spend the money and I think things will get better.

I see more retailers accepting Bitcoin since I started, so there will be many places to spend Bitcoins soon. Once people spend more instead of selling coins, Bitcoin price will increase
HHvindenes
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December 09, 2013, 03:06:48 PM
 #67

Might, might now. Depends, they say as long as people believe in it as a currency it will keep on growing, and be worth a lot because of the limits of how much there is!
Tonza
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December 09, 2013, 03:30:13 PM
 #68

I don't see it climbing fast enough to get 10k next year but some day maybe.
It will be interesting to see if this cryptocurrencies will actually survive.

WDC: WkJWjXjW5iyYT2t2wKYwuMtdHt7cRHS4ty
MetalGuy
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December 09, 2013, 04:49:27 PM
 #69

I don't think that it will be near 10k for next 2 years.And i don't think that people will forget more "ordinary" currencies(like euro or dollar) in next 20 years.Also we still don't know who is Satoshi and he holds a pretty big amounts of bitcoin, and capable to drop the price really low, also as i know bitcoin is open source so there can't be any "coding" backdoors but who knows about algorithmic and mathematical backdoors. As far as i know it wasn't inspected this way, was it?
t3xasdolly
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December 09, 2013, 06:04:06 PM
 #70

I don't see it climbing fast enough to get 10k next year but some day maybe.
It will be interesting to see if this cryptocurrencies will actually survive.

Bitcoin increased from $150 to $1200 in about one month. I would say this climb was very fast
MetalGuy
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December 09, 2013, 06:36:30 PM
 #71

It's all was due Chinese interest, and it's just another stage of bubble.
qwertyGuy
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December 09, 2013, 06:46:53 PM
 #72

It's all was due Chinese interest, and it's just another stage of bubble.

Mainly from Chinese, but not completly. Bitcoin is getting popular in Europe, many local Exchanges started this year in Europe
bitfix
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December 09, 2013, 07:24:23 PM
 #73

the question is whether or not BTC will be overtaken by somthing else.
+1
Pattes
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December 09, 2013, 07:37:50 PM
 #74

if Bitcoin ever reaches 10K, it's gonna be by the end of 2014 I think, not a long time after that.

I think it has to take longer, 10x more value might mean 10x more time to go to this value. It would make sence to me
Only if it's linear. Now, look at this graph and tell me if it looks linear to you Smiley Maybe I'm being too optimistic, maybe getting from 1000$ to 10.000$ is much harder than from 1$ to 1000$ but I don't think so. What would make sense to me would be that the more people know Bitcoin the more people convey this news to other people and so on...

Leafcoin - THE Altcoin -
MetalGuy
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December 09, 2013, 07:39:51 PM
 #75

But by what? I think there is no optimal uberaltcoins, they all just variations of old good bitcoin or litecoin. I only remember one that have interesting possibility of "coins mining coins"
burnO
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December 09, 2013, 07:40:47 PM
 #76

I don't think so. Wink
The Analytics from Bank of America (the second biggest bank in America) in their research report compare a Bitcoin currency to Gold. They appraise the real Bitcoin price on 1300 USD (so a 50% higher than today)
Here is orginal article: (in polish ;( ) http://bitcoin.pl/191-analitycy-bank-of-america-szacuja-uczciwa-wartosc-jednego-bitcoina-na-1300-i-porownuja-go-do-zlota
And here is the reoport: https://www.documentcloud.org/documents/885843-banks-research-report-on-bitcoin.html

You think it will be really 1300 USD?
adworker
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December 09, 2013, 07:42:37 PM
 #77

i think it's only a matter of time before BTC hits $10k, the question is whether or not BTC will be overtaken by somthing else.

Something like Ripple? I dont think so. It needs to be decentralized I believe (otherwise centralized banks and paypal would be enought)

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Astryxx
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December 09, 2013, 07:51:49 PM
 #78

I honestly can't see it reaching 10k ever. I think like most sites say it's like myspace or napster, it ushered in a new age but competition will come and wipe it out.
pasikisu
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December 09, 2013, 07:59:34 PM
 #79

if Bitcoin ever reaches 10K, it's gonna be by the end of 2014 I think, not a long time after that.

I think it has to take longer, 10x more value might mean 10x more time to go to this value. It would make sence to me
Only if it's linear. Now, look at this graph and tell me if it looks linear to you Smiley Maybe I'm being too optimistic, maybe getting from 1000$ to 10.000$ is much harder than from 1$ to 1000$ but I don't think so. What would make sense to me would be that the more people know Bitcoin the more people convey this news to other people and so on...
you're right, it'll most likely continue the current trend of ~80x increase per year, resulting in 1btc being worth over the entire world economy by 2017 or w/e
MRDRMUFN
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December 09, 2013, 08:04:56 PM
 #80

I sure hope so.  Cheesy
maybe in 4 years who knows. I'm investing for the future of currency.
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