Post
Topic
Board Speculation
Re: $10,000 when?
by
brg444
on 06/12/2014, 18:17:52 UTC
Why do people think that it's impossible for BTC to reach there? Not only limited to such factors as %s of gold, forex, stocks, equities, etc., but we must not forget that whenever the stagnancy of either miners or BTC will take place, some huge longs or shorts will take place for sure...

Even I hate it when someone says it's impossible as I'm too a firm believer that it will reach that for sure... Winklevoss brothers ain't much fools to say that BTC will be $1,00,000 one day...

I think Bitcoin will easily reach $10,000 one day, may not be for a few years as nobody can predict when mass adoption will occur. The only way btc wont reach the moon is if it's succeeded by a superior crypto currency (not very likely imho).

I would argue that it is very likely that bitcoin will be succeeded by a superior crypto currency.  Its a questions of when not if.  Everything evolves and I cant think of a single thing that was not replaced by a 2.0.  If "Satoshi" was still actively developing bitcoin I would expect it to retain its dominate position for quite some time.  He is not.  And he left pretty early after its birth.  I don't think bitcoin is addressing its fundamental issues quick enough to not be replaced in the not so distant future.

What fundamental issues?

You are greatly underestimating the force of network effect and protocols.

TCP/IP is one thing that has yet to be replaced by a 2.0.