Will bitcoin reach $10,000 one day...?

[ducatitalia]

Chris Dixon set a potential price target today at $100k via WIRED.

[1715234951]

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[1715234951]

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[inspiredinvestor]

April 2014 $10,000 sounds good to me! 

[rb420det]

its been estimated by some (even an article written) that it will possibly reach over $100,000 per coin.

a wired article actually

http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

[Damanuelman]

It is possible but for that we would need to begin taking some commodities and payment processors like Paypal, Visa, and Mastercard's market share. In order for us to be at 10k these things need to happen. For BTC to rule the world! And maybe we will all have islands.

[BitThink]

its been estimated by some (even an article written) that it will possibly reach over $100,000 per coin.

a wired article actually

http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

"He says he owns less than one bitcoin himself." How could one believes 1 BTC will worth $100000 but doesn't have 1 BTC yet.

[Bitcopia]

its been estimated by some (even an article written) that it will possibly reach over $100,000 per coin.

a wired article actually

http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

"He says he owns less than one bitcoin himself." How could one believes 1 BTC will worth $100000 but doesn't have 1 BTC yet.

I was asking myself the same thing, and had a few thoughts.

Maybe because he thinks hoarding is bad for functionality. Which, it kind of is, but still, if you expect a 10,000% return, would you reject it out of principle? If so, kudos.
Maybe he's lying because he doesn't want to publicly disclose his holdings. I can think of a few reasons this would make sense.
Maybe he believes that investing in the infrastructure will prove more profitable. It will certainly prove more valuable for the entire community. Although, even with this mindset, I'm sure he still has enough USD left to hold more than 1BTC!!

[BitThink]

its been estimated by some (even an article written) that it will possibly reach over $100,000 per coin.

a wired article actually

http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

"He says he owns less than one bitcoin himself." How could one believes 1 BTC will worth $100000 but doesn't have 1 BTC yet.

I was asking myself the same thing, and had a few thoughts.

Maybe because he thinks hoarding is bad for functionality. Which, it kind of is, but still, if you expect a 10,000% return, would you reject it out of principle? If so, kudos.
Maybe he's lying because he doesn't want to publicly disclose his holdings. I can think of a few reasons this would make sense.
Maybe he believes that investing in the infrastructure will prove more profitable. It will certainly prove more valuable for the entire community. Although, even with this mindset, I'm sure he still has enough USD left to hold more than 1BTC!!

Anyway, to me I think he either lied about his holding or lied about his belief in BTC, and therefore makes what he said means little to me.

Certainly I could be wrong and he could be just like those who spend all of his income and have no saving at all.

[BiTJack]

Sure, Why not cryptocurrencies are made to grow up.

[cryptoastrotrader]

I believe 10K to be an achievable target within the first quarter of 2014. If some crisis a la Cyprus hits the Fed, we might even hit the 100K mark that Max Keiser talks about.

[ak111in]

obviously $10000 is easy, so the question is not will but when

[nezarkadhem]

its been estimated by some (even an article written) that it will possibly reach over $100,000 per coin.

a wired article actually

http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

It will reach $10,000 easy. Here is why:
1. At $10,000 * 21million coins: $210 billion market cap = companies listed on the stock exchange
2. At $100,000 * 21million coins: $2.1 trillion market cap = market cap of gold
3. At $1,000,000 * 21 million coins: $21 trillion market cap = leverage US GDP

Scenario 1: Bitcoin is equivalent to less than most companies listed on the stock exchange. Today's bitcoin media hype and value potential > companies on the stock exchange. We could see the $10,000 mark IF the hype remains the same and merchant adoption continues to rise. See: Bitcoinpulse

Scenario 2: Bitcoin can replace gold, because unlike gold, bitcoin has an intrinsic store of value. You can sell it for any currency anywhere in the world instantly. Whereas gold has a speculative value of roughly $200 an ounce, and the remaining $1000 is speculation. I can't fly to London with an OZ of gold and start chipping it in exchange for goods. And pawn shops won't pay $1200 for an OZ of gold. Fact.  

Scenario 3: This is a long haul, but what if governments would leverage every printed note in exchange for bitcoin. The US wants to print $10 million dollars worth of notes? ok, in exchange buy bitcoins. So that if ever you wanted to cash out your dollars, there is real intrinsic value for them. That was the idea for Gold, but it never seemed to work.

[Bitcopia]

its been estimated by some (even an article written) that it will possibly reach over $100,000 per coin.

a wired article actually

http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

"He says he owns less than one bitcoin himself." How could one believes 1 BTC will worth $100000 but doesn't have 1 BTC yet.

I was asking myself the same thing, and had a few thoughts.

Maybe because he thinks hoarding is bad for functionality. Which, it kind of is, but still, if you expect a 10,000% return, would you reject it out of principle? If so, kudos.
Maybe he's lying because he doesn't want to publicly disclose his holdings. I can think of a few reasons this would make sense.
Maybe he believes that investing in the infrastructure will prove more profitable. It will certainly prove more valuable for the entire community. Although, even with this mindset, I'm sure he still has enough USD left to hold more than 1BTC!!

Anyway, to me I think he either lied about his holding or lied about his belief in BTC, and therefore makes what he said means little to me.

Certainly I could be wrong and he could be just like those who spend all of his income and have no saving at all.

I doubt he lied about his belief in bitcoin or else Andressen Horowitz is wasting a lot of time and money in Coinbase. Although I can understand investing in a coin agnostic infrastructure as something of an ETF for all digital currencies, present and future, but still.... less than 1BTC?! He's gotta be kidding.

[reckt26]

never

[yntro]

never

You should be more optimistic about this :/ Well realistic is good too but..

[TradeAnalyst]

Coming back from a tiny trip in the future aboard my quantic time traveler model Nexus 7XV

I had the opportunity to have a quick look on the market and 1 satoshi will be worth in 2059 :

3.5236 International Electronic Units ( the new world currency as described in Blade Runner Sci-Fi movie )

Quantic Time traveler NEXUS 7XV are available

PM me for price

 

[pickaname]

How about we reach 1000 again first

[totalslacker]

$10k would be great but I'm hoping for more stability first!

[asic_miner]

dont think it will ever happen.

[Starscream]

10k means the market will grow 10x of its current state and that no significant amount of new BTC will enter the market which I don't think will happen this year. Maybe in 4-5 years or if there will be another crisis similar to the one in 2007-2008 that will drive people to buy BTC.

[arczi19]

Any increase is more than welcome!