$10,000 when?

[myhoho]

 It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.

[CEG5952]

It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.

I'm not sure comparing to Napster is the best analogy -- Napster became a business model that was unsustainable. Nothing to do with the possibilities that bitcoin as a currency and protocol represent.

[silvestar]

It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.

You may be right, but from the past experience, we have seen how difficult it is to predict future bitcoin price, as shown in https://bitcointalk.org/index.php?topic=136780.0.

[CEG5952]

It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.

You may be right, but from the past experience, we have seen how difficult it is to predict future bitcoin price, as shown in https://bitcointalk.org/index.php?topic=136780.0.

Traders tend to fall into the 80/20 Pareto distribution -- 80% lose and 20% win. Further, 80% of your profits will come from 20% of trades. It is clear that it is possible to predict bitcoin price -- within the realm of probability, of course -- but only a minority will be successful at it.

[Gimmelfarb]

I think ebay and a big retailer like amazon would be needed for bitcoin to reach 10,000. 2000-5000 may be more likely, and that could be a year or two. It may also never get more than 1000 again, we don't know.

It's hard to say what is needed, really. If we were to see ETFs, a lot of institutional money that would never otherwise flow into BTC could get in. These types of investment firms have billions in holdings. Imagine.....

That too, I forgot about the EFTs. What I wonder about is if it'll drag alt prices along with it, or if bitcoin will go crazy while alts go down. It's weird to think of coins like litecoin or darkcoin being worth several hundred or more per coin, but if bitcoin is 10,000 and alts keep pace, that's about where they may be.

who knows with alts -- some might just die. some will see like 100x. huge risk, huge reward -- that's the nature of alts, when btc is already so risky. i will stick to trading btc until we are in a full blown bull market, then i'll get into alts when it looks like the bottom is in.

[Gimmelfarb]

My guess would be bitcoin will never hit $10k, hope I'm wrong though.

hmm, why? i mean, i am not sure either way, but the historical trend says we could certainly get there. and with all these advancements in the industry/infrastructure, interest from institutional investors, green lights from governments.... i think we get there.

[hodlmybtc]

My guess would be bitcoin will never hit $10k, hope I'm wrong though.

Today it almost happened on CampBX, only 2% off, never say never

[Gimmelfarb]

My guess would be bitcoin will never hit $10k, hope I'm wrong though.

Today it almost happened on CampBX, only 2% off, never say never

yeahhh, i'm pretty sure that was some sort of API glitch. or it may have been a hack or where somebody exploited the API to use fake USD to buy up the order book. that was the top of the book, it looks like. and then Campbx goes offline....

[hollowframe]

still clinging to my original $10k by July prediction. got a few weeks left....LOL....

[Lauda]

It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.

I'm not sure comparing to Napster is the best analogy -- Napster became a business model that was unsustainable. Nothing to do with the possibilities that bitcoin as a currency and protocol represent.

Don't listen to him IMO. Stop believing in some random magic altcoin. You actually can't compare those.

[hollowframe]

It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.

I'm not sure comparing to Napster is the best analogy -- Napster became a business model that was unsustainable. Nothing to do with the possibilities that bitcoin as a currency and protocol represent.

Don't listen to him IMO. Stop believing in some random magic altcoin. You actually can't compare those.

some altcoins could eventually become established. too early to say.

[InwardContour]

My guess would be bitcoin will never hit $10k, hope I'm wrong though.

hmm, why? i mean, i am not sure either way, but the historical trend says we could certainly get there. and with all these advancements in the industry/infrastructure, interest from institutional investors, green lights from governments.... i think we get there.

If history is any indicator then bitcoin will likely reach 10k in either the next runup/bubble or the one after the next.

[Salmon1989]

My guess would be bitcoin will never hit $10k, hope I'm wrong though.

Today it almost happened on CampBX, only 2% off, never say never

yeahhh, i'm pretty sure that was some sort of API glitch. or it may have been a hack or where somebody exploited the API to use fake USD to buy up the order book. that was the top of the book, it looks like. and then Campbx goes offline....

It is not the first time happening on bitcoin exchanges, something similar happened on bitfinex in Feb.
https://bitcointalk.org/index.php?topic=451109.0

[Habeler876]

My guess would be bitcoin will never hit $10k, hope I'm wrong though.

Today it almost happened on CampBX, only 2% off, never say never

yeahhh, i'm pretty sure that was some sort of API glitch. or it may have been a hack or where somebody exploited the API to use fake USD to buy up the order book. that was the top of the book, it looks like. and then Campbx goes offline....

It is not the first time happening on bitfinex.
https://bitcointalk.org/index.php?topic=451109.0

This was Campbx, not Bitfinex. Still not clear if it was just a glitch on a trade that never happened, or if their API got exploited to allow that trade to happen. I mean, who keeps a million bucks on Campbx?

[Salmon1989]

My guess would be bitcoin will never hit $10k, hope I'm wrong though.

Today it almost happened on CampBX, only 2% off, never say never

yeahhh, i'm pretty sure that was some sort of API glitch. or it may have been a hack or where somebody exploited the API to use fake USD to buy up the order book. that was the top of the book, it looks like. and then Campbx goes offline....

It is not the first time happening on bitfinex.
https://bitcointalk.org/index.php?topic=451109.0

This was Campbx, not Bitfinex. Still not clear if it was just a glitch on a trade that never happened, or if their API got exploited to allow that trade to happen. I mean, who keeps a million bucks on Campbx?

Yup, I noticed that just now, and have corrected my post.

[rajko00]

It will never happen to bitcoin. Like Napster is unknown now. Something new will come into.

I'm not sure comparing to Napster is the best analogy -- Napster became a business model that was unsustainable. Nothing to do with the possibilities that bitcoin as a currency and protocol represent.

Don't listen to him IMO. Stop believing in some random magic altcoin. You actually can't compare those.

there is no magic altcoin....

[CoinDiver]

When the market cap hits about $150,000,000,000.

[Lamigo]

My guess would be bitcoin will never hit $10k, hope I'm wrong though.

hmm, why? i mean, i am not sure either way, but the historical trend says we could certainly get there. and with all these advancements in the industry/infrastructure, interest from institutional investors, green lights from governments.... i think we get there.

If history is any indicator then bitcoin will likely reach 10k in either the next runup/bubble or the one after the next.

True lol. The bitcoin price reached $230 and $1100 in the previous two bull trends in Apr and Dec 2013.

[ThomasCrowne]

Not for several years at least if ever

Sadly I have to agree with this fella.  Given the number of people holding large #'s of coins I suspect bitcoin will have a really difficult time ever reaching $10,000 and that if it does it won't be for at least 3-5 years.

It seems there is at least 1 out of every 5 BTC being held by somebody somewhere that was acquired via less than honorable means.  These people are in it for the get rich quick aspect and I suspect will keep bitcoin in the sub $10,000 for years to come.

[jump4ever]

in 2015 hopefully maybe sooner.