Post
Topic
Board Beginners & Help
Re: Will the bitcoin reach $10000 one day...?
by
ndrmutz
on 12/02/2014, 05:16:29 UTC
Yes, it will pass $10,000, but I can't tell you exactly when lest I get droned.  Never forget that BTC are constantly being destroyed as holders of them die, forget passwords, watch as their disk drives die, or whatever.  I cannot quantity this but it's certain to be happening.  As the number of users rises the rate at which coins die, never to be resurrected, will surpass the quantity created via mining.  Therefore the total quantity of BTC will begin to decline.