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Board Beginners & Help
Re: Will the bitcoin reach $10000 one day...?
by
ndrmutz
on 13/02/2014, 01:22:01 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.

You've obviously never heard of hardware wallets like trezor. Nobody will be using software wallets in 12-18 months time. Won't eliminate "bitcoin loss" completely but will go a long way to reducing it. ...

 ... Everyone knows storing bitcoins on virus-infected PCs is a weakness of the current bitcoin ecosystem.

I don't follow your logic re: my alleged ignorance of hardware wallets, given my initial statement.  Nevertheless it's irrelevant to my argument because unless the loss rate from using HW <= 0 the total quantity of BTC will still eventually begin a decline.

I'll agree that storing wallets on "virus-infected PCs" is a bad idea.  So don't do that.  But it's hardly something that _everybody_ knows.