Post
Topic
Board Beginners & Help
Re: Will bitcoin reach $10,000 one day...?
by
PenAndPaper
on 08/12/2013, 22:52:00 UTC
i think that bitcoin has two possibilities in two years roadmap:

a) value near around 3000-7000$
b) value between 0 and 100$

..and what will be? nobody knows


I pick a) but hard to believe Bitcoin would not reach $10,000 before stabilizing at $3,000-$7,000  within two years

i also think that second altcoin will be litecon... becaue bitecoin has one disadvantage - is not fast. i cant imagine the situation, that in restaurant i will pay with btc and then wait to 3 confirmations. this is the weakness of btc. so in my opinion is btc "gold" (fast and small transactions is not necessary) and litecon "silver"

next question is -  what value would have usd in two years? inflation....

First of all you don't need 6 or 3 confirmations. Those are arbitrary numbers. 99.9% of time you 'll be fine with 1 especially for low amounts like a restaurant bill.
In any case for pos like starbacks even 0 confirmations will do the job. Of course some kids will try to take advantage and order a coffee and then double spend but it isn't worth the trouble anyway