[2014-09-12] Tim Draper: Bitcoin’s Price Still Headed to $10k

[1Referee]

you guys make one mistake,all of you
you value bitcoin in USD

It's because the majority of the people only care about the value in USD as they will cash out their coins at some point. I am fairly sure that these people account for +95% of the total userbase of Bitcoin. I can't really blame them for that as they treat Bitcoin as an investment tool with the intention of seeing their fiat wealth increase eventually. Everything you do with Bitcoin gets directly tied to the value in USD - how will you convince people to not think like that?

[salemon]

you guys make one mistake,all of you
you value bitcoin in USD

It's because the majority of the people only care about the value in USD as they will cash out their coins at some point. I am fairly sure that these people account for +95% of the total userbase of Bitcoin. I can't really blame them for that as they treat Bitcoin as an investment tool with the intention of seeing their fiat wealth increase eventually. Everything you do with Bitcoin gets directly tied to the value in USD - how will you convince people to not think like that?

Is pink really Bitcoin not related to the dollar? Most users work Bitcoin just to earn a dollar. Of course the dollar rate does not affect the price of bitcoin, Bitcoin can raise the dollar well. And this is a good indicator of the impact of the crypto currency on the financial stability of other currencies.

[RomanJDS]

He is a pessimistic person. Bitcoin will cost  $10,001 in three years 

[veleten]

He is a pessimistic person. Bitcoin will cost  $10,001 in three years 

maybe more and maybe before that
maybe we all die in a nuclear holocaust
who knows?

[Kemarit]

He is a pessimistic person. Bitcoin will cost  $10,001 in three years 

Yeah. He is trying to hype bitcoin so that when the price reach $10,000 eventually he will just go and say "I told you so" . Also he has a lot of investment so making this kind of bold prediction will make him huge profit. Bitcoin halving is coming, and that makes bitcoin more scarce and the demand would be high pushing the price to a new level. I don't know if $10,000 is possible in the next coming years. But what we know is that bitcoin is really gaining grounds at the moment and general public is embracing it.