Quote from: brg444 on December 06, 2014, 06:17:52 PM

Quote from: labsbitforum on December 06, 2014, 06:12:31 PM

Quote from: newflesh on December 06, 2014, 05:01:08 PM

Quote from: gkv9 on December 06, 2014, 04:40:15 PM

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.

A few of the more serious issues are:
Evolving away from Peer to Peer. The trend to larger and larger ASIC farms increasingly controlled by a fewer and fewer.
Block Chain Size
Transactions per second

Do you Mean TCP/IP V4 or TCP/IP V6?

Quoted from this site. http://www.tcpipguide.com/free/t_InternetProtocolVersion6IPv6IPNextGenerationIPng.htm

"Since 1981, TCP/IP has been built on version 4 of the Internet Protocol. IPv4 was created when the giant, world-wide Internet we take for granted today was just a small experimental network. Considering how much the Internet has grown and changed over the course of two decades, IPv4 has done its job admirably. At the same time, it has been apparent for many years that certain limitations in this venerable protocol would hold back the future growth of both Internet size and services if not addressed.

Due to the key role that IP plays, changing it is no simple feat. It means a substantial modification to the way that nearly everything in TCP/IP operates. However, even though we find change difficult, most of us know that it is necessary. For the last several years, development of a new version of IP has been underway, officially called Internet Protocol version 6 (IPv6) and also sometimes referred to as IP Next Generation or IPng. IPv6 is poised to take over from IPv4, and will be the basis for the Internet of the future."