Bitcoin Forum

do you guys think it is possible? 8)

Yes. But in the same way that I think it could be raining in exactly 1 year. That is to say, no one on Earth knows.

Don't bet on it but anything is possible.

It would be incredible ;D

Gonna buy my first car and boat if it happens, only gonna cost 500k ubtc

I do not think it is possible , or at least not by the end of 2016... but most probable after 2-3 halving (or when the block reward will be less than 1 btc).

No.

probably 350-450 USD ... yes.
end 2013 is shitted ... by mtgox false graphics.

A lot has changed investment and infrastructure wise.. We may see much higher numbers than that, we have already come close to your lower limit last week.

Yeah get you one of these for just under $500k ;)
They might throw in the chick for free  :P

http://sundancemarine.com.au/wp-content/uploads/2013/06/OC55_1146_Banner.jpg

I think we will see 10K by the next halving in July 2016.  IMHO

Anything is possible, but I think it is unlikely. Perhaps $2,000 by the end of next year will be more realistic. The infrastructure is continuing to grow but asking for 35x return in less than 2 years seems excessive.

Once privacy and block size change issues are clarified I see BTC continuing to move up.

I am much more bullish about Monero than Bitcoin right now. Fungibility will become more and more of an important issue in the years to come with whitelisting and blacklisting of coins at least with merchants and service providers in certain countries.

To the moon by halving time!

yes, it's that what i waiting for ... the mass media rally for the value of bitcoin at the halving !

your target sounds more like a target for this year(actually very pessimistic because 350 isn't not sof ar away, at the end of the summer is already possible to be in 300-400 range), OP is talking about 2016 i'm quite sure that we can hover above 1200 for that time

So you think after 2016 bitcoin price rise up to $1200++
But what i see price drop again to 288-295 ?
im not sure because now is already in half a year 2016

The halving is somewhere around August 2016. So still more than a year to go.

$10k per coin? Not going to happen. Really.

I don't have that much bitcoin to care but that would be more then great , at least I can buy my own car at the age of 18  ::) that would be awesome . anything can happens after July 2016 since there is the block halving reward . Let's hope everything goes smooth

It can happen,  as in the start of Bitcoin it was just a dust,  you could buy many of these in just a dollar.
But after 2012 in late 2013 it's prices were sky high.
So basically it is having a potential to reach 10K$ per Bitcoin. But a 2016 deadline is far from possible.

very unlikely. that doesn't mean i don't like it if bitcoin indeed reaches $10k, but it's simply not going to happen. i think $500-$600 is more reasonable by that time.

no it is not possible.  unless the world has another major financial crisis.  but it is fun to dream now and again.

Global events, block halving, the killer BTC app. The holy triangle of what is needed for what you are asking. Any one of the three could spark the rise.

Well, planet earth is huge so there will be at least one place where it's raining exactly 1 year away from your message. 10K confirmed? :)
On a serious note, I think 10K is actually possible, the trend is obviously up, things are looking great for the future, and the halving hype may be insanely huge coupled with the rest of Bitcoin advancements. Im looking forward to it.

Hehehe. Good one. Ok, rain is confirmed.
 And I do think it is "possible", but 10k is a high bar. Even if it ended the year at $400 it would be a stellar performance in value appreciation. I'd be cool with that.

then you are saying that bitcoin will never be mainstream, unless you really think that bitcoin can be fully adopted an be mainstream with 4B market cap....

this financial crysis isn't helping so much bitcoin, people are only starting to learning why bank sucks and moving into something else, and bitcoin has captured their interest

By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low

expontial trends in all natural phenomena are rather very short-term and very hard to sustain over longer time periods, thus, I believe it will be very unlikely to see 10k USD this, or even next year.

Haha lol.

I will be rich that year if that happens. "IF" . Im hoping.

If we are to trust the typical S-curve adoption model of technologies we are only entering the exponential trend of Bitcoin`s adoption.

that would be great, I am afraid however, that the assumption that it can be applied in case of Bitcoin may be not valid.

$10,000 per Bitcoin is a very high price. I do not know if it is even possible or not for Bitcoin to hit a price point that high. I think that the end of 2016 may possibly be too soon for Bitcoin to rise that much though. But I could be wrong, nobody knows for sure.

after some halvings will be possible, otherwise mining will be too profitable and will consume too much electricity, making countries ban ASIC things

Unless countries get into the mining ASIC things

sure it is possible. but only if bitcoin managed to replace fiat by the end of this year. people will dump all of their USD and its price will drop while bitcoin soars  ;D

10,000$ Bitcoin would represent roughly 150 B$ market cap. That is nowhere close to fiat-replacement value.

For reference Berkshire Hathaway has a market cap of 350 B$

Another financial crisis?  We're no where near fixing the one that started in 2007, and likely it can't be fixed.  The fact that the only effect of the ongoing financial crisis most people see right now is abnormally low interest rates (which most people probably think is a good thing) doesn't mean the crisis isn't still there.

Yes.  The rates are still low because they know if they raise them, the asset bubble will burst.  I would say we are in the eye of the shit storm.  They could fix it by making regulations, or just simply putting back some old regulations (Glass-Stegal anyone?).  But no.  Mr. Hope and Change in stead put the same goldman sachs asshats in charge, we get no good regulations, and the problem still continues.  Welcome to the new world order.

Don't listen to people that say Bitcoin will "never" be mega valuable.  Also, don't listen to people
that claim its going to be $50k by Christmas.   

$10k by the end of 2016 seems extremely ambitious, probably unrealistic.
$1k by the 2016 is much more possible. 

$10k-$20k by 2025 is what I'm thinking.

Its to hard if you want Price back to $1000 by 2016
Many player like dumbing price and i dont know what in they head and why they really like for dumbing price

I agree it will be hard, but possible because 18 months is a long time for demand to grow plus there is the block halving.

not possible by the end of 2016!
i think at least we need a couple of more block reward halvings and also it becomes mass adopted.
until them we will be lucky if it reaches 1000 USD.

no it is not.
unless bitcoin demand suddenly skyrocketed.

even I usually like similar bullish threads with mathematical calculations, graphs and complex equations, this can't really happen within 18 months. only if will happen something like:

* major expansion of dark web, illegal stores and activities
* war, plague, epidemic disease or other catastrophic scenario
* collapse of banking system, as we know him until today
* paypal, visa, mastercard total collapse
* really massive adoption by major retail businesses

I mean, it can't happen because of some startup or fancy looking app for iphone (because we already had both)

If it's too good to be true then it is .
There is a 99% that this will never happen , at least not on 2016 maybe five to ten years who knows . but 2016 is too soon and even halving block won't be able to do such change on the price.

10k for coin and we would have a total of about 210.000.000.000$ market crap, for have this number bitcoin need a lot of people that buy it and don't convert in fiat after

Maybe during a big bubble, but don't see 10k sustained by end of 2016

We don't really need any sort of super impossible scenareo for it to happen IMO. All it takes is a couple of whales feeling like they are missing a very obvious boat and getting in causing a huge price surge. Consider that the marketcap of Bitcoin is tiny, it only takes a couple of whales to push the price x10 times what it is now.

But still the whales also need a valid reason behind the pumping of Bitcoin price.
Because if there is no reason behind it then everyone will understand that the whales are behind it and no one will buy Bitcoin at the manipulated prices.

i think like that too, look like price at the manipulated by some big player. if situation like this all time i'm not sure bitcoin can survive as a currency in the future

A bubble peak of >$10k is possible, although unlikely. Sustained price above $10k is not possible in this time frame, if ever. Would need a very different kind of economy.

The only thing that can be write without hesitation and for sure is: everything is possible. Especially for the bitcoin.
But can be write even that no one can predict if this can be happen. There are no possibilities to make someone the finder of such prediction. To arrive at one prediction needed data to analyse; data that can help in such direction. For the price of bitcoin these data simply don't exists. The volatility and the freedom are the two main data that were emerged from the beginning of the bitcoin as a currency. Both don't give the possibility to find if this prediction will be true.

I'm not sure, I'm a pessimist but it's be amazing if we could get anywhere near 10k per coin by the end of 2016. It'd make my life, I think I'd break down with tears of joy. I'm unsure if 10k is a bit too optimistic that soon though. I'd be happy to be on 1000 USD by the end of 2016, that'd be acceptable.

Possible, yes, probability VERY low... With all the forces at work trying to disrupt the protocol, even from within the crypto communities trying to drive down bitcoin to promote their own shitcoin, it looks grim in my opinion.... Not evne talking about the banking cartels...

Yesterday we said tomorrow, when is this rise going to happen? Dreams do come true, all we have to do is JUST DO IT!