What happens when BTC is $10,000 USD?

in #bitcoin7 years ago

Speculation is now taking place on Steemit and in other places that Bitcoin will reach $10,000 in the near future. While this idea didn't seem plausible or even realistic just a month ago, it is now becoming speculation.

At what point is Bitcoin really in a bubble? What effect does $10,000 Bitcoin have on the rest of the cryptocurrency market? Will this impact the price of Steem?

References

  1. https://steemit.com/bitcoin/@kingscrown/it-looks-like-we-will-hit-10-000-usd-on-btc-soon
Sort:  

STEEM seems to be slowly dragged along by BTC, but doesnt seem to have much of its own internal momentum. Unfortunately.

I'm beginning to wonder if STEEM can ever increase by 6X, and go to $10; other than if BTC increases by 6X and pulls STEEM along for the ride

I can't afford to join the BTC investor, too rich for me. Congrats to all who own BTC coins.

Follow me @Yehey
Thank you.

Then buy some fraction of a BTC. I've been in the bitcoins game for years but I still buy $25 per week at Coinbase with recurring buy. It adds up then pow! multiplies for you pretty often.

Your welcome.

Bitcoin o the moon literally , big bad side , I have a lot in BCC right now

Been wondering when you would comment on one of my posts. Been a while.

It will trade at $10,001 milliseconds later for sure

Oh, sure. Bitcoin pull with it steemit
Because Bitcoin is to give the force of the digital coins

HAH! yes! if BTC goes up and STEEM at least stays stable the USD per will be dragged up... Love the pic.

It'll mean an increased interest in government regulation and increased efforts by government to collect the taxes on capital gains. And there are those in the bitcoin community that'll accept some level of regulation if they think it'll help make bitcoin more mainstream.

I think at some point people will decide Bitcoin is too expensive to buy.

How can it be too expensive to buy? It is highly divisable.

What I want to know is what is the REAL value of BTC? do we even know

The definition of value: 'What a willing buyer and willing seller agree to in a free and open market"..or something like that!

  1. talks about 'bubble' will be epic again
  2. maybe institutional investors will become genuinely interested
  3. further scrutiny by regulators / central banks

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.029
BTC 62260.20
ETH 2431.98
USDT 1.00
SBD 2.64