Say BTC hits $10,000 each in 2014 (or 12 x for the year)

[mskryxz]

Say BTC hits $10,000 each in 2014 (or 12 x for the year)

What are the chances that it will still have room to grow in 2015 or 2016 by 10-25x? Meaning 10k to 100k in 2015 and 100k to 1 Million in 2016?

[Dalmar]

2016

[Dragonkiller]

If final price is $1m, growth will start slowing down once it reaches around $200,000

[mskryxz]

If final price is $1m, growth will start slowing down once it reaches around $200,000

Thanks thats what I was looking for.

I worded my question wrong, but yeah thats waht I mean't. When would it start to slow down from exponential growth. thanks

[Dragonkiller]

If final price is $1m, growth will start slowing down once it reaches around $200,000

Thanks thats what I was looking for.

I worded my question wrong, but yeah thats waht I mean't. When would it start to slow down from exponential growth. thanks

Take a look at this:

https://bitcointalk.org/index.php?topic=366214.0

[UnDerDoG81]

It is still hard to believe for me that BTC will hit 6 or even 7 figures. There would be too many millionairs out there. Every person who owns 10 BTCs would be a millionair. Probably a million will not be worth a million when this happens?!

And if BTC hits 10K, where is the point to sell? Hold forever and live at home with your mom and dad or pay out one day and live good!? If you own 50 BTCs 10K would be a good point to sell and live... Or at least sell the half or so...

[Ibian]

Tenfold increase every year until semi-saturation. That's when half the people you know are using it. Enjoy the ride.

[Dalmar]

Tenfold increase every year until semi-saturation. That's when half the people you know are using it. Enjoy the ride.

Or it becomes the myspace of cryptocurrencies. 

[Dragonkiller]

It is still hard to believe for me that BTC will hit 6 or even 7 figures. There would be too many millionairs out there. Every person who owns 10 BTCs would be a millionair. Probably a million will not be worth a million when this happens?!

And if BTC hits 10K, where is the point to sell? Hold forever and live at home with your mom and dad or pay out one day and live good!? If you own 50 BTCs 10K would be a good point to sell and live... Or at least sell the half or so...

Currenly there are 25 million millionaires in the world (probably more). Currently only about 75,000 people own 10 BTC or more. Assuming bitcoin hits $100,000, that's 75k new millionaires (if they hold their BTC until then).

Adding 75k millionaires to the 25 million that already exist is nothing!

[Syke]

Currenly there are 25 million millionaires in the world (probably more). Currently only about 75,000 people own 10 BTC or more. Assuming bitcoin hits $100,000, that's 75k new millionaires (if they hold their BTC until then).

Adding 75k millionaires to the 25 million that already exist is nothing!

Right. Think of it from another angle. What if those 25 million millionaires decide to store even a small portion of their investments in Bitcoin? What would that do to the price?

[Dragonkiller]

Currenly there are 25 million millionaires in the world (probably more). Currently only about 75,000 people own 10 BTC or more. Assuming bitcoin hits $100,000, that's 75k new millionaires (if they hold their BTC until then).

Adding 75k millionaires to the 25 million that already exist is nothing!

Right. Think of it from another angle. What if those 25 million millionaires decide to store even a small portion of their investments in Bitcoin? What would that do to the price?

to da moon

[wobber]

Let's get past 800, 900, 1000, 2000, 3000, 4000, 5000 etc and I'll start to believe.

[Lala]

I see it hitting $10,000 and I don't know how long it'd take for it to hit $1,000,000

[jamesc760]

My conservative estimate is 5-6 fold increase annually. It's $800 per bitcoin at mtgox currently; so, on 12/26/2014, a bitcoin will be trading at $4000-$5000.

[Elwar]

If you believe Bitcoin will reach $10,000 by 2016 drop a few mBTC here and double your investment when it does:
http://betsofbitco.in/item?id=1532

[Dragonkiller]

If you believe Bitcoin will reach $10,000 by 2016 drop a few mBTC here and double your investment when it does:
http://betsofbitco.in/item?id=1532

biggest risk is that site not existing in 3 years

[Ibian]

If you believe Bitcoin will reach $10,000 by 2016 drop a few mBTC here and double your investment when it does:
http://betsofbitco.in/item?id=1532

I'd take that bet if someone made it over on bitbet.us. On that note, we need more no's for this one: http://bitbet.us/bet/672/btc-will-hit-1000-without-dropping-to-100/

[DPoS]

judging from what I read on wookieepedia, bitcoins will most likely be about 25 druggats soon... so 2 BTC will get you a T-14 hyperdrive generator

[windjc]

If you believe Bitcoin will reach $10,000 by 2016 drop a few mBTC here and double your investment when it does:
http://betsofbitco.in/item?id=1532

Lol. What? You mean instead of keeping your bitcoin and making a 12 fold increase if it does?

[Wilhelm]

It is still hard to believe for me that BTC will hit 6 or even 7 figures. There would be too many millionairs out there. Every person who owns 10 BTCs would be a millionair. Probably a million will not be worth a million when this happens?!

And if BTC hits 10K, where is the point to sell? Hold forever and live at home with your mom and dad or pay out one day and live good!? If you own 50 BTCs 10K would be a good point to sell and live... Or at least sell the half or so...

If everything goes well there is no sell point you can live your rich life using BTC only