Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254138 times)
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shanecoins
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December 29, 2014, 01:52:05 AM

3 years ago I would have laughed if you told me bitcoin would be $300 in 2014. what are you all complaining about  Huh
just under 5 years ago I read an article about something called "bitcoin" and I made a mental note in my brain that it would reach $1000 before or in 2015.
so yea.... depends on one's perspective and expectations...

I also assumed that improvements would be made to the protocol like cutting the time between blocks and other obvious scaling improvements.

I thought that if it hit $1000 by or in 2015 that it could easily go to $10000+ by 2025.

However, again I was under the assumption that the protocol would improve in its scaling factors.

Given the poor performance of the bitcoin dev's and miners to improve these scaling factors, and the fact that a lot of people waste energy on hacks to work around these scaling issues, I am less confident of it reaching $10k.  

However I could see the coin going so low in value that the dev and mining community would risk a hard fork in order to improve those scaling factors as a last ditch effort to shore up this generation 1 tech.
 
thats  why we have numerous alt coins