Will Bitcoin reach $10,000 one day ?

[chessnut]

No. Never. The value of Bitcoin will reach 3,000 max in the next 3 years. Then the value will dissipate into alt coins that are faster and don't require a unit such as 0.0001 for a cup of coffee.

true. Because of that gold is worth nothing, because how much is one cup of coffee in kg of gold?

the software will change...... it will be 4000satoshis for a cup of coffee...... in time perhaps 400satoshis..... and maybe 40 satoshis.

[porcupine87]

I don't believe the question can be intelligently answered, or at least addressed, until we get a handle on what, specifically, drives the price of a Bitcoin.  This is the component of it that drives me crazy.  Why do we think that more widespread acceptance will make the price go up, or this or that government taking a benign position on it, or whatever? 

Let me put it this way...a dollar has the same "price", the same buying power, the same "value", whether a hundred thousand merchants accept it or a hundred million merchants accept it.  The relative general acceptance of the dollar has nothing to do with its price or value.  It certainly is a stablizing force, but not a price mover.  I can't wrap my head around what, precisely, is driving the price of Bitcoin, up or down, other than the actions of a few wealthy Chinese speculators at this point.

Please, if I'm missing something damn simple, explain it to me.  I would love to comprehend a connection between some market fundamental and the Bitcoin price.

more merchants make the currency more valuable. I would pay everything in Bitcoin, but I can't. (to be clear, I would have not all of my money in Bitcoin. To risky! I would have some stocks, some gold, but for spending I would use Bitcoin). Just because it is more convenient for me. A good that can be used as medium of exchange has some extra property that is valuable for users. THE example is gold. The industrial value is very small compared to its storage value.

[porcupine87]

No. Never. The value of Bitcoin will reach 3,000 max in the next 3 years. Then the value will dissipate into alt coins that are faster and don't require a unit such as 0.0001 for a cup of coffee.

true. Because of that gold is worth nothing, because how much is one cup of coffee in kg of gold?

the software will change...... it will be 4000satoshis for a cup of coffee...... in time perhaps 400satoshis..... and maybe 40 satoshis.

you know that I was ironic, right?

[chessnut]

No. Never. The value of Bitcoin will reach 3,000 max in the next 3 years. Then the value will dissipate into alt coins that are faster and don't require a unit such as 0.0001 for a cup of coffee.

true. Because of that gold is worth nothing, because how much is one cup of coffee in kg of gold?

the software will change...... it will be 4000satoshis for a cup of coffee...... in time perhaps 400satoshis..... and maybe 40 satoshis.

you know that I was ironic, right?

yeah should have replied to the original thread.

[ltcifc]

yes

[Akka]

There simply is no upper limit to the possible price Bitcoin can reach.

Of course at some point growth would be minimal and you could call it a top. Maybe ~1000 already is that point, probably not.

In the long term, either Bitcoin goes to zero some day (maybe 100 Years from now) or in will have its real All Time High in USD on the last day USD is traded somewhere (maybe 100 Years from now).

But to give it any fixed value it will reach some day and that's it, IMO makes no real sense. If Bitcoin is here to stay, it will grow compared to USD as long as there is USD.

[Mythul]

I plan on waiting 10 years for $100.000 or $1.000.000 .

I can live without the fiat that I've invested so no point in selling.

[jubalix]

I plan on waiting 10 years for $100.000 or $1.000.000 .

I can live without the fiat that I've invested so no point in selling.

one think the infrastructure to support btc or ppc, or even nxt is a lot less than, use, in its paper,coin,or electronic forms, so I expect them to be a round much longer

[dehogeheren]

Very likely BTC and a few other cryptos will be the next tax heavens with hundreds if not trillions of $ if the exchanges are more stable.

[Buffer Overflow]

Who believe BTC will reach 10,000 dollars ?

Yes. But the more important question is what could you buy with $10000 when the time comes?

A loaf of bread?

[chessnut]

Who believe BTC will reach 10,000 dollars ?

Yes. But the more important question is what could you buy with $10000 when the time comes?

A loaf of bread?

Id be glad for the loaf of bread, cos I wouldn't have the 10k otherwise.

[zerk89]

I don't believe the question can be intelligently answered, or at least addressed, until we get a handle on what, specifically, drives the price of a Bitcoin.  This is the component of it that drives me crazy.  Why do we think that more widespread acceptance will make the price go up, or this or that government taking a benign position on it, or whatever? 

Let me put it this way...a dollar has the same "price", the same buying power, the same "value", whether a hundred thousand merchants accept it or a hundred million merchants accept it.  The relative general acceptance of the dollar has nothing to do with its price or value.  It certainly is a stablizing force, but not a price mover.  I can't wrap my head around what, precisely, is driving the price of Bitcoin, up or down, other than the actions of a few wealthy Chinese speculators at this point.

Please, if I'm missing something damn simple, explain it to me.  I would love to comprehend a connection between some market fundamental and the Bitcoin price.

I already answered what drives the market, it's rather simple but in accepting my explanation you also have to accept there is a disguised pyramid in effect in the form of mining hardware prices and ever increasing difficulty. When miners can't ROI they hoard their coins, it created artificial scarcity and all new buyers gobble up the coins until they are at a price that makes it viable for miners to see a ROI on their mined Bitcoins.

[podyx]

it seems very few people actually realize the potential of bitcoin

i would say it is gonna reach $100k easy sooner or later

[Akka]

I already answered what drives the market, it's rather simple but in accepting my explanation you also have to accept there is a disguised pyramid in effect in the form of mining hardware prices and ever increasing difficulty. When miners can't ROI they hoard their coins, it created artificial scarcity and all new buyers gobble up the coins until they are at a price that makes it viable for miners to see a ROI on their mined Bitcoins.

Maybe true for hobbyist miners. But the big miners have running expenses they need to cover. So quite the contrary is actually true. If the provability get's lower they are required to sell a larger and larger percentage of their income in order to cover their expenses.

[UnDerDoG81]

I think the american government would not like it if BTC goes too high. They probably will do the same thing they did to gold and let it collapse... Or ban it if the U$ Dollar gets in trouble...

I Start losing trust in Crypto more and more 

[Buffer Overflow]

it seems very few people actually realize the potential of bitcoin

i would say it is gonna reach $100k easy sooner or later

Only if Bitcoin goes mainstream, and as we've seen in China, mainstream can easily be stopped if governments so choose.

[termqzi]

Would be good to see reaching $10,000.
But it seems impossible about next 2 years.

[painlord2k]

10K $ will be reached this year in the worst case.

Just wait for the next economic turmoil somewhere and you will see the price move up. A lot.

[Mythul]

Bitcoin just needs to be a little more accessible to the masses. There are 7 billion people on earth. In no way are 21 million coins enough for everybody at this price rate.

[piramida]

Bitcoin just needs to be a little more accessible to the masses. There are 7 billion people on earth. In no way are 21 million coins enough for everybody at this price rate.

what the hell you wanted to say I wonder. "We can't live on Earth, There are 7 billion people , in no way 1 Earth is enough for everybody at this tiny land area".