Post
Topic
Board Speculation
Re: Five digits
by
takingthis4
on 27/07/2016, 12:44:04 UTC
In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

5 digits will not happen in the next two years. But with the help of more adoptions and devleopments, it could happen in 5 to 10 years.

More adoptions and developments will just lead for an increase of bitcoin usage as a currency.

If that is the case, bitcoin price will not that go for a surge even for many years as coins will now be on a regular circulation in the world of currency.
Not exactly, more usage=more users=new users=more bitcoin purchases= more expensive bitcoin. More adoption is exactly what we want to push price higher.
Plus, we need more people to know about bitcoin it is the only way to evolve and grow.

That is true. The more people use the bitcoin, the higher the price it will be. That is the network effect.

I think the $10000 price could be achieved in 3 to 7 years when the bitcoin user number reaches 2 to 5 million.
i think you might be right, i believe such price will be reached sooner or later, besides that in my opinion we will reach a new all time high in like 30 days