Post
Topic
Board Speculation
Re: Will BTC hit $10.000 in Q1 of 2014 ?
by
Alvara80
on 10/12/2013, 21:19:26 UTC
I've said it to friends, but people need to stop thinking in whole BTC.
A truly catchy name needs to be used for something smaller than a BTC. Like Satoshis but bigger.

Why is this? Pretty simple, $1000 a BTCsounds huge for something you can't hold in your hand. But! If an bit dollar was 0.000001 BTC. You could say right now you can buy a 1000 bitdollars for $1.
Or on Amazon you are looking at an item that is normally $11 it would show 0.011 BTC. The first is easy. the second is unwieldly for most people.  (scientific/mathematical notation is all well and good for some people, but average people will prefer a simpler squeme.

So if the community wants BTCto go to $10k and beyond. The community needs to start using a smaller denominator for wider adoption to really occur.

Just my opinion. Since I think of my mining of BTCas mining satoshis. Since it's satoshis that will be meaningful in 5 years.