Bitcoin Forum

Clearly we are heading to another so-called bubble, and for this time i expect 5 digits to be the limit, a lot of weak hands will be shaken before the peak, and I think this could be only good for the known (but largely denied) matter of btc distribution .

After this "bubble" I predict btc price to crash and stabilize around 1k usd, with many people calling btc dead and selling their coins, for another re-distribution round.

I like these cycles because they are re-distributing the coins, basically if you really belive in btc and just buy & hodl you will end up with a lot more coins than with a stable growth, and weak hands are shaken vigorously   :)

Yep  :)

Nope we didn't or aren't going to make those 5 digits.

Poor panic buyers. Reality is coming down on them quite hard right now.

I disagree, you can also think about it another way...
The "panic buyers" aren't selling, the miners aren't selling as much, the conventional markets are in unfathomable bubbles and in "bad news is good news" manipulation mode...

This bull rally has inertia, and it's going to take a considerable opposing force to reverse it...

Bitcoin is widely known today, in 2013 it was on the fringe. This spring has been winding for 2 years, and judging by the momentum of this price movement, it looks like we'll be rocketing past the previous ATH before the end of November (likely even before).

1k won't happen, not before halving at least. People will panic a and sell whenever we will be close to $500.
I see many people already selling, because they are content with this price compared to stagnant price we had for over six months.

Sigh.

I doubt we'll see 5 digits. Maybe we'll go into 4 digits, though if we do we'll probably drop back out of it as it will most likely be due to a bubble. But 5 digits is just insane to suggest, I actually would be quite worried by seeing a price that high.

How can we reach 5 digits if people cannot hold when the price is $500?

I think the max we can reach at this time is $1000. (MAX)

5 digit seems impossible until Bill Gates exchanges all his fiat for Bitcoins :)

I think maybe you just lack a bit of optimism

500 seemed impossible just a few days ago, now think about something that, like now, seems impossible. Think about btc in 2011 and where we are now.

4 digits seems not so unlikely, I claim that the limit is actually beyond our imagination :)

The only way for Bitcoin is to go to 5 figures eventually. The limited supply dictates that price as the demand increases. It only take a couple whales fearing their capital controls on their countries to drive the price at such level. Of course we have the usual FUDsters in this thread where they would call insane anyone that claimed $500 before 2016. Those short termed idiots will be shaken with the ups and downs. For some reason morons don't understand 5 billion is shit nothing compared to the average venture out there.

I doubt many people would be calling BTC dead if it crashed and stabilized at around $1000.

Really?
When it crashed from 1250 and stabilized around 200/300, 2x times the peak of the previous bubble, seemed like a lot of people did it.

The people who say that those who call out bubbles lack optimism are usually either cryptoanarchists or have no actual knowledge of how this stuff usually works.

We have seen bubbles all throughout bitcoin's history, especially with new all-time highs. Corrections are a matter of life. You would not say the same thing about the stock market.

it's normal that a lot people are selling around these price levels. they most likely made a decent enough profit to not let greed take them over. profit is profit.

This what's happening right now is not a bubble really. When it went from 100 to 1200 - that was a bubble. I'm not saying that the price won't correct itself
just that these prices were expected long time ago, and now with all the news, it was just a matter of time.
Five digits within a few years is not too optimistic, it seams pretty realistic for me.

^By far the biggest child on the forum constantly spamming lies and FUD to try and make his short position work.  Just going to post this picture any time this scumbag posts.  He shorted all year and made a little bit of money then lost BIG when it went up, yet he still continues to spam the forum with garbage every day saying "coin die now sell everyting"

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FaNX0p5Y.png&t=558&c=PqOfhoAn7qogHQ

So how you doing with those short losses?

so keep holding. my 0.06 btc will somehow turn more :)

the denial is strong in this one

I knew he would be back as soon as the price drops more than 50 USD or so.

He comfortable ignores that price is still double that of a few weeks ago and that he predicted sub 200 there at the same time..

exactly, i think this is just one of those shakes to shake out weak hands


no free rides on the bitcoin train

We should think about what the resistance point is gonna be before speculating it's rise to five digits. It couldn't even hold at $400 for a full day. Currently trading st 388.

My vision is more about medium term, not daily fluctuations.

The rally has started, before 2016 we'll see if it gets momentum or not.

Actually it held up rather well, given the fact that it rose at an insane rate (percentage wise), and there was not really enough time for support to build up at those prices.
The very fact that we are leveled just under 400$ shows that this probably will continue to move forward. However, five digits is still far away for sure.

The vibe in the air is very bullish, all the doubters will get obliterated in the midst of the next halving because all of them will get sucked in by FOMO once the rally starts for real.

Yeah i won't see a 5 digit price the coming years.

Perhaps a low 2k at the end of 2016. For now i am happy we left the 200USD zone, btc is way undervalued there.

This is a temporary staying period to make a solid floor before next rise which will take the price in four digits.I think this time all speculations and ever rise will be constant and on permanent basis.

I am holding for almost 1 year now and will keep holding untill price really hit five digits.All we need to have patience because real game will start after blocks halving so we need to hold for few more months at least to be next millionaires.

5 Digits means i am quite rich.
But let's face it, it is just dreaming, nothing more.

The digits are based on.. nothing just speculation. So new people should not see dollar signs when they step into the world of bitcoin.

5 digits being a dream, doesn't mean bitcoin is not an excellent investment. it is.

5 digits, and I sell only a part of my holdings to buy a house. Bitcoins future imo is much greater than its dollar value

5 digits is at least $10k. The price will not be that high for a few years. It also depends on the general adoption of bitcoin.

The future for Bitcoin is bright, but a lot people expect too much from what is right now nothing more than just an alternative to fiat. To make Bitcoin successful we need to convince the average joe's of this world to give Bitcoin a fair chance. If we manage to achieve that in the near future, it can be considered another great milestone.

It will take several months at most.

Definitely not several years.

If you want to make fun of me, quote this in 2017 if it hasn't come true.

Sure.

You're saying that by January-February 2016 we should be expecting prices in excess of $1000 when the bitcoin price has been stagnant pretty much since December of 2013. I just don't see us going that high in such a small time period with the price history of bitcoin, there's no logic for it.

Educate yourself and see it's much more than an alternative.

probably no though. but  i hope to reach 1000

Honestly, I didn't see us going from $250 before the run and hitting $500 just few days ago. That was surprising as hell to me. Especially after the 2 year torturing period and terrible year 2015. So I wouldn't just say no to a $1,000 in February.


Then again I agree that the chances that we stay in these levels are bigger than another push to a $1,000 in few months.

But the bottom line is that you never know with Bitcoin!

Do you mean the price will be over $10k before middle of 2016? That is very brave prediction.

I like the last part. I follow news and analyst and the thing with bitcoin is... you really never now.. Not only is it extreme (nothing really happens or a lot happens), it is too unpredictable.

Therefore I don't only rely on my personal feeling regarding expectation but also check the some analysts predictions.

Beh, the bubble was but not so big as you wondered. It was about 100% increase of price comparing to the initial one and a drop of 50% of it. I think that is not at all bad. If bitcoin do the same thing every month I will be more than happy. To not forget the very important fact of the drop not in the same amount of the increase but only half of that. If bitcoin will continue in this way the result of price will be always higher and higher and all we (the self called bitcoiners) can be named good predictors for have believe on it since 2-3 years ago when the price was about 30-40 us dollar one bitcoin. Please, remain where you are....  ???

note that we are still bullish as long as we stay above $350

it can reach 5 figures in 2016 imho, and if you consider it as a unsubstantial rise, this is more true

you see we increase in 3 day by 100%, increasing x10/x20 does not look so impossible

It can't be soon.
We should see the 3rd block halvening first. (Block prize should be 6.125 BTC at first).
Until then 4 digits at most.

Yes I agree! All you need to look at the chart and you can't but notice how price is going upwards in the last month with green everywhere and under is volume that is just incredible.

This is a very bullish sign in my opinion as well and I think that the price increase will continue soon enough!

We have all got used to the 300s now. It's boring again. Ha ha

https://www.youtube.com/watch?v=4n54-uXMBOs (https://www.youtube.com/watch?v=4n54-uXMBOs)

 :D

Aint expecting a five digits moon but it might hit 600- on december at least if the things keep going as well as theyr right now I think is everyones hope tho

I think that five digits are inevitable, if bitcoin becomes widely adopted. Mass adoption is the key.

That is 2020.
We will surely have some big event before that. Waiting for that inflection point.  :)

Five digits in 5 years could be possible. We need the bitcoin to be accepted by many retailers, also for grocery shopping.

There is continuous adoption of bitcoin in many areas of finance. With the continuing trend, the price will reach 5 figures, maybe in a decade.

I think the price of bitcoin will go up in the end of december and in the beginning of year 2016. This rise will be in anticipation of the next halving, then in the middle of the 2016, the price will skyrocket to the 2000-5000$ zone.

Febuary 2016 M00n!!

You are pretty sure of that, aren't you? :) If we ever going to reach five digit prices then it will take at least 10 years from now. In that time you will see a lot early adopters dump a huge part of their coins to cash out. There are enough people with thousands of coins and even tens of thousands of coins in their wallets.

The higher the price will be, the weaker the buy walls will become. If for example you place a buy wall of 6700BTC at $300 to support the price, which is worth just over $2 million currently, it will offer a much better support than when the price per Bitcoin for example is $10,000. Then the $2 million buy wall will translate in just 200 Bitcoins. Early adopters and large holders will then easily eat through any active buy order with their thousands of coins.

I expect to see new highes in bitcoin in short range but I am doubtful to see 5 digits.
It may happen but it would make lots of people dumb all their bitcoin. I don't think it is good.

It may be boring but it's better to have a stable $300 rather than an unsteady $200.

Hopefully we can hit the 5 digits sometime next year

How is it boring? It is still moving 10-20 usd a day up and down on a regular basis. Those are still 5-10% swings daily!

People really have gotten too spoiled and used to unrealistic movements over here :D

I feel this too. The ride has been bumpy and only true believers are in.

WIth some more stability around 300 usd more people will sell and we will have the supports in.

boring means the price is stable as far as stable is the right word to use when it comes to bitcoin. i much rather prefer a slow but steady or what some people might consider 'boring' upwards growth, over peaks and rally's.

Stable rising of the price is what bitcoin needs indeed. No crazy high or crazy low, slow and steady progress. Sure some prise rises like 15 -30% is ok but the long term focus should be steady and slow so investors and new merchants will start to trust it.

200 was very stable actually, 10 months straight with that price, let's see if this 300 is at least half as a stable, before judging

but i don't want another 10 months of stagnation, if we can go to a much higher value it will be confirmed that 300 was rock solid anyway

5 digits will be something we get maybe in a few users.

4 digits will be something for 2016. I predict we will reach it end of 2016 or maybe mid 2017

Maybe in 3 years. Wait better yet make it 5 years.

330 to 10K is like 30 times, perhaps 10 years is a better prediction.

The last bubble was 200 usd to 1200, that's 6 times and it hold only for a few weeks.

I don't see this happen..
Quadripples happen on gambling sites, not with trusted e-money like bitcoin, at most we are looking to go back to 1200 again (for 1 year)

5 digits are quite a lot of money. It will only happen after several years of adoption and more people use bitcoin.

We had a test pump to 500..

Get your facts straight.

Stop being extremists about the price of BTC, ffs. You act like terrorists, when someone has a different opinion than you.
Not sure if you have agendas, or you're just bored trolls, lol.

Just hold your bits and enjoy while you accumulate 'em.

I doubt we'll see 5 digits in the next 5 years, at least. But it's possible to see $2k in 1 year from now.
Halving will play a significant role in BTC's price, no matter what you think.
MM will push it to the ceiling before halving, so people go full retard FOMO mode, like they've always been doing.
That's when media jumps on the hype train.

Just my 2 satoshis.

If the price rise 50% a year, it will take about 8 years to reach 5 digits. But the price of bitcoin is not stable.

Indeed, it raised 60% in the last 6 months alone. And this was not the bubble I was talking about, i feel like we're still going sideways....

While i do not see 10k$ coins in a year, people tend to forget one thing: IF bitcoin is at 10k$, you might not need to "sell" for dollars anymore, to take "profit". You can just use bitcoins directly to use on whatever you would use dollars on it. With that huge price rise, bitcoin will be accepted AS IS directly by a lot, and i mean in a LOT of economic exchange directly (merchants try to grab some, because their suppliers demands it instead of fiat, people selling their houses for btc, etc) and stays inside the bitcoin ecosystem, without ever transferring back to "fiat land" again. So, we might not need strong "buy walls" anymore, since 1 bitcoin gonna be simply 1 bitcoin, and not really stepping in fiat land any more.

to see the progress we may have to wait a few months longer, is it really going to achieve 4-digit or not, the point still believe and hold bitcoin that we have because if we sell it at the same time will make the others panic and sell bitcoin they have so can lower the price of bitcoin

there was an increase of x4000 since bitcoin is born, in 7 years, from january 2009, if we expect it again, it mean that in 2023, basically before the third halving from now, there will be another x4000, and you know what this mean for value...

before halving we will see another x4000? why not after halving because in my opinion big increase will happened after halving

With many new bitcoins mined and more investors it's hard to pump the price to even 4 digits, let alone 5 digits.
It's the reason why the pump to 500 dollar failed so hard.

I don't think it's too hard to pump to five digits by considering the upcoming block reward halving. Once bitcoin hit its previous high level of $1000, it will start attract to new users as well as new investments. It will automatically take bitcoin into new higher price like $10k.

I would like to see 5 digits with bitcoin.
I don't think that will happen soon. I think we will just be around the 400 to 800 dollars for now.
We will see what this year will give.

That is what I was hoping when I was starting with bitcoin.
We will see if bitcoin can reach to five digits.
I think it can go that high, but I am not that sure if it will happen in 5 year.

I do believe that bitcoin will grow to 5 digits but it will take a couple of years to see this happen, bitcoin isn't even in the 4 digits so we can't expect to see this happening this year.

Even some people say here that bitcoin will stabilize at 1k this year, I don't see this happening either. Yes I do believe bitcoin wil lreach 4 digits this year but it won't be a stable one.

And there goes our hope :P Oh well if the price is around 500 dollars is still fine with me.
I am not that concern about the price I am just hoping that bitcoin can survive more than 50 years.
Also that a lot of people will use bitcoin so that bitcoin can be a daily think in the store.

If the bitcoin can survive for more than 50 years, its price will be 6 or 7 digits. Most people will know bitcoin in 20 years.

The chancecs of bitcoin stabilizing at 1k is very slim.
For bitcoin to reach this it would have to reach $1000 a couple of times to stay there
Just like it's hitting $450 right now and stabilized on that number.

Bitcoin is a very long way from 5 digits.
No way we will see this any time soon
Perhaps not even in this life time, bitcoin needs time, time to grow

I would love to see 5 digits for bitcoin. I think it will just take so long to happen.
I am just if it is 4 digits than I am okay with it if that would be a stable price.

I am sure we won see a 5 digits bitcoin. I hope I am wrong, because that would be awesome we will see if ever bitcoin will reach to 5 digits.
Me personally I don't see it happening.

I think we won't see ever a 5 digits to bitcoin. I think in my opinion is just to high to reach at 5 digits.
We need to see the reality that it can maybe go to 5000 dollars. But not stable.

from 5k to 10k is not that much hard anymore, you know that 10k is already 5 digits?

if you think that we can reach 5k, then why not 10k? no-sense

So true but you know bitcoin he love to go down and go up again.
We can really reach a high price but is just difficult if it will be stable or not.
At the end in my opinion bitcoin will just be at 1500 dollars in 5 years.

I think the bitcoin will be $1500 this year after halving and block size increase to 2MB or even higher.

The block size increase should happend. But it will not attract many more investors.
Thus I expect the price increase but not a lot. Maybe upto 800 USD

I see all of this was written last November, and we definitely did see a big drop but we've rebounded nicely.  But I would agree that weak hands will be be lopped off before the peak is seen.  I wonder how many bitcoin whales there are still in existence--that haven't sold out to fiat, I mean.

The bitcoin price is still below $400 now. It is 3 digits. So I think we will not see 5 digits this year, maybe in 5 years.

No the price will never get to 5 digits. That would mean something is really wrong.
Sure we can get to 1200 again. And even 3000 but 10k. That's not likely to happen.

Of course it's not likely to happen, currently. But with enough adoption and institutional investors we can definitely see $10,000 at some point in the future. I think it will take around 10 years (if not longer). We just need to have patience and to hold our coins firmly.

Can it happen?
Yes

Will it happen?
No!

Why?
Well it would not make sense. Because so much people would lose enormous amounts of money when the price go down again.

Lol yes.
It can happen but it will not. I expect the price to max out around 5000 in maybe 10 years.
From there we will see what will happen.

By then some big companies would have step it which would make sure the price would be more stable.

$10,000 Bitcoin - $160 billion market cap more of less. How much real and sustained expenditure would it take to reach there considering how few coins are available at any one time and lost coins? $3-5 billion of actual cash? Probably way, way less if it happened during a bubble.

Losses in the dotcom bubble - trillions.

This market is still nursery level. The turnovers would make the shittiest stock or forex trader snort in derision. There's a good possibility it'll stay here or dwindle. If it actually breaks out then tiny minds will be blown.

if bitcoin reach five digits
the marketcap of "altcoin" will be up too  :D

anyway i think it's very hard to reach five digits, maybe we can reach $5000 after the final block halving (6.25btc/block)

Yes. That could be true. But the altcoin price relative to bitcoin will reduce. If it is a good altcoin, its price will rse.

In 10 years, it should reach 5 figures. I heard about network effect. the price is the square of the user numbers. In 10 years, the user will increase 10 fold at least.

Thats impossible that the price will reach 5 digit even that $5000 after halving ends.. i think the price will rise only double of the price today after halving.Because if its half so it means the price should be double.. that's my thoughts that the price will be double. no can tell what will happen in end of halving.. patience is the best way to know if what will happen for the price if it will rise or not..

Bitcoin's own market cap or any other market cap all nothing to do with bitcoin price. It may grow on it's own pace. Own pace also in exponential. So, 5 digits may be reached within 2 years. I strongly believe bitcoin worth will grow till one satoshi values 10 dollars.

Uh, that's not correct. Leaving aside whether "market cap" is the correct term (it's "borrowed" from equities, so strictly speaking isn't correct in an FX world, but we've adopted it for cryptos regardless) it's calculated by multiplying stock price by quantity of stock - or BTC price by available BTC. That's why Bitcoinwatch (http://bitcoinwatch.com/), for example, state "market cap based on latest prices".

I believe the price will never reach 5 digits. reason why is that is too absurd. 10k is so far from reality that it don't makes any sense.
But with bitcoin you never now...

No. It will reach $10,000 or $100,000 in the future. It will just take long time. 5 years ago, the price was less than $1.

Lol, calm down.

Let btc reach 4 digits it would be cool you know... Cause I'm still waiting for the 500$ in fact!

Yes better to go small steps and expectations first.
And in the end every small step added will result in a big one. :)

you are waiting 500 and some are waiting even 450 to sort bitcoin, in this way value of bitcoin is always kept low. Small marketcap and quick day traders killing value of bitcoin.

If the bitcoin is used widely in eEcommerice, the price will go much higher. it depends on the usage of the coin.

If the price is going to be five digits in the future that will be insane. I do not want to get my hopes up to high but it would be nice, it will earn me allot of money that is for sure.

Let's do the four digits first I'd say.The way to 5 digits is a very long one.
And yeah that would indeed be incredible.Everything is possible I say.
But let's start with small steps first.

@OP: why not six digits? Five is too low, we should aim for six. Dream big, then wake up and check the real price. Make sure to call the ambulance before that.

It will be the best day of my live the day that the Bitcoin price is going to hit five digits. That means that the price has to be at least $10,000.
But how big is the chance of that actually happening because I do not know the answer.

A five digit price would mean a revolution. I do not think it can go up to that with the tech we have now. Blocksize problem solved, much faster transactios, ease of use for not techy people etc. should be in place for that price to happen.

That is right. I think the price will not reach 5 digits in the next few years unless 5 million people use bitcoin.

exactly.

people who think bitcoin will never go to $10,000 are delusional.

bitcoin is a VERY LIMITED resources with a LOT of potential.

If even 10% of humanity would use bitcoin on a regular basis and want to transfer a large portion of their wealth in bitcoin because they either find it more convenient or more safe than fiat, than that alone would make the price of bitcoin explode.

$10,000 is absolutely nothing compared to every other market in the world. The markets measure things in billions, trillions even, and the bitcoin market trades only a few millions a day, that's absolutely pathetic amounts of money.

1 single rich guy like for example mark zuckerburg or bill gates or warren buffet could on his own buy ALL bitcoins for the current price and it wouldn't even cost him all his money.

How can a currency this good be worth so little that 1 single person could theoretically buy the ENTIRE SUPPLY easily?

Bitcoin is way too small, and it will need to grow by several orders of magnitude. $10,000 is just the start. It will be closer to $10,000,000 by the time it reaches its final value. (In terms of current day dollars).

Anyone who thinks bitcoin will stay below $10,000 forever has no understanding of basic economics whatsoever.

What if the project is overthrown by another currency? Bitcoin has been there for 7 years and marketing wise & development not so much has happened. Which means something is up.
Even the Bank of England has it's own crypto currency

Yes I do believe in crypto's potential, and even more how bitcoin has grown, but it's possible it will come from something (10k, 100k etc.).

Actually, exactly 2 years ago, the price was $700. We've hit the apex of success at $1200 in late 2013 and we've been declining. You can say we are currently recovering. Just because it was less than $1 five years ago, does not mean it will continue to grow exponentially. We can dream of $10,000 bitcoin but I fear we will never see it in our life time. Why? Because of China. China has the most amount of bitcoins, they control the mining, they control the production of miners, they control the trades, they control all aspects of bitcoins. Bitcoin has become China's cryptocurrency, they own it. As long as they own it, they will play games and to play games, it won't behoove them to jack up the price too much so soon. It's better to slowly, incrementally increase or decrease the price, TO MITIGATE THE RISK AND TO MAXIMIZE THE PROFIT.

Expecting it goes to 10.000 dollar just crazy, are you on drugs man! 1 Dollar could be 100 euro too looking at the 'market size', but that's not going to happen.
nor bitcoin going to 10k.

Its not technically wrong.

Yes, its wrong in the sense of natural price growth - but several buy orders on the exchange by a group of people or a whale can influence on price if they buy enough bitcoins.

Its all about buy orders - and peoples reactions to follow that trail to submit to buying when they dont need it due to fear or misc stuff.

It is not crazy to imagine the bitcoin price to be $10000 in 2020. If we have 5 million active users, it is possible.

It is crazy, the main growth of bitcoins price has already happened. It gets alot harder to get that kind of growthe the higher the amount gets. People would literally have to be throwing money into it to get it to reach 10k and hardly anyone would be able to sell without affecting the price. Thing is once it got anywhere even near 1k people will sell straight off the mark.

Again, active users don't matter. Does gold have 5 million people constantly paying for stuff with gold? exactly.
We just need a couple whales to get in and price goes beyond $10000 easy.

It would have to be a couple of serious whale spending somewhere in the billions on bitcoin which isnt going to happen. Think about it. Someone with just 100 bitcoins which is nothing can cash out with 1 million and there are literally hundreds of people with the same or more, That 10k bitcoins would get eaten up in no time.

Literally hundreds of people? Steady on there. You might blow your own mind. I think we should crowd fund you a month on the ISS to remind that you're living on a large planet and more than a few hundred people live there. There might be thousands even.

So your confirming what ive said then but instead of hundreds of people your right, thousands of people have more than 100 bitcoins and would be more than eager to cash them in should it hit 10k per coin. Therefore 10k would not be very easy to reach and maintain.

This reply is very amusing but very true.

Depends on the nature of the rise. If it was spiraling beyond 10k then why would you sell? It would be doing what it was designed to do which is deflate. Also you'd probably have many more options to directly buy the stuff you fancy. That would negate any need to sell it. If you don't want to buy anything then you may as well sit back and let it continue to appreciate.

Having said that I'm sure there are enough traders who'd be happy to attempt to oblige but if that price level was nudged, and who knows whether it ever will, there'll have to be a ton more demand and some actual finance professionals getting on board. The current crop of traders would be wiped out or sit on their hands like most holders.

Indeed but chances are if we get to that kind of value then actual finance professionals are already onboard, If bitcoin continues as it is then its going to be used more as a store of value and not used to actually buy anything. If this is the case then 10k would be a life changing amount for many people who would probably want to cash out. Im a holder i just dont think we can reach such heights.

Im also willing to accept crowd funding for a mind blowing experience aboard the ISS

Ok. I'll see what I can rustle up.

I'm not sure anyone can yet guess what Bitcoin's going to become. I think the store of value case makes more sense than internet currency. In that case if a sufficient chunk of the global population agreed then 10k would be a ludicriously low valuation.

It might become the de facto currency for obtaining other assets. If I was selling my fancy house would I prefer crappy old dollars that I'd immediately want to shift into another asset or sit and relax with my Bitcoins for a while?

2020?

how long did facebook need to grow from 1 million to 5 million?

and how long dd it take to go from 5 million to 12 million?

and from 12 million to 600 million?

growth is exponential, not linear.

don't expect bitcoin to be different.

It will either fail completely or be the most successful currency ever.

With this many users I doubt it will fail, since even though there is competition, every day bitcoin is the biggest it will continue to gain more users exponentially, so it will be exponentially harder for altcoins to surpass bitcoin.

An altcoin can only surpass bitcoin if it has more users, because of the network effect. And every day that is not happening, it will become harder to happen in the future. It won't take long before bitcoin will reach critical mass, at which point it won't ever be surpassed.

Its obviously going to take some significant time.

Unless some crazy adaptive measures take place, are people perceive bitcoin as a gov partnered thing like a treasury note.

But outside from the obvious remarks above, its better to just focus on current price which is still good being $580ish in 1 month span of time.

A five digits price is something that we have been waiting for a long time already and we are still not there. I think we will at least need 3-4 more years before we have finally reached the five digit price.

FTFY

I agree with that. It will take 3 to 4 years to take the price to 5 digits. It will also need good adoption level.

In my eyes a 5 digit number is just not gonna happen its way too much for the bitcoin and it cannot even simply rise to the 1k these days.
Maybe in about 10 years this is possible and even than its the question if it can.

5 digits will not happen in the next two years. But with the help of more adoptions and devleopments, it could happen in 5 to 10 years.

We can expect 5 digits in next 5 years and not before that, as its taking too long to reach even 4 digits so its not possible to achieve 5 digits in this year for sure.

It probably will have a chance at the next block reward halving.
There will be a sea change in the bitcoin ecosystem before that.

More adoptions and developments will just lead for an increase of bitcoin usage as a currency.

If that is the case, bitcoin price will not that go for a surge even for many years as coins will now be on a regular circulation in the world of currency.

So, It's time to buy?

It is almost impossible for an alt coin to surpass bitcoins because the total amount of all the altcoin users is just a portion of the total bitcoin users. Never have I seen a variant of something surpass the original one. If we think of the amount of audience as a race, bitcoin is already far far away and alt coins are just still in the beginning.

Well, if you wanna make a quick profit, maybe buying right now and selling two weeks from now will do.  Or maybe depending after halving, the price will drop and you could buy then.

My suggestion, buy right now

that is right. there are also many bitcoin shills. They will try their best to troll in other "successful" altcoins.

altcoins are already based on the Bitcoin blockchain. The only real possible scenario where an altcoin could overtake Bitcoin is if there is some serious flaw in the code that basically causes Bitcoin to stop working. other than that altcoins can never surpass bitcoin.

Altcoin is altcoin and your right bitcoin will still remain because bitcoin is already publish and many stores right now are accepting bitcoin and i think more will come about bitcoin..
According to the op five digit for bitcoin is its impossible right now to think and i think bitcoin price will stay at 3 digit until end of this year..

It is possible for the bitcoin to reach 5 figure price in 5 to 10 years. But it depends of the adoption of the coin.

The price of the bitcoin increases with the general usage and mass adoptoin. We should encourage people to use it.

I think it is hard to reach five digits for few years, may be it can happen after years when usage grows heavily.

The lowest 5 digits is just $10,000. That is 16 times of the current price. It could be reached in 3 to 6 years.

As long as there are good adoptions about the bitcoin, the price will rise. We will still on the bottom of the S curve.

yes, it probably would require a very long time to wait bitcoin prices reached five digits. it may be better to use it for other businesses rather than waiting for that moment to happen. It may be time that you need to wait for prices to reach $ 10,000, could make generate $ 20,000 if you use it for other businesses

When the number of bitcoin users increase by 100% in the next two years, the bitcoin price will increase 400%.

The network effect is the square of the number of users. I wish the bitcoin is developed to attract more users.

Im sure in 10 years time if bitcoin is still alive then we will still be referencing these old threads for 2015 and saying how maybe some day the price will reach 5 digits. Maybe the cold hard truth is that bitcoin has a limit of how high it can actually go and we are their right now? Maybe we can push slightly higher yet but i think we could be almost at the very top.

We are not ready for the 5 digits now. It could be reached in the five to ten years if the bitcoin is fully developed.

i think it is really a great time to buy your bitcoins right now because the price of the bitcoin is going to increase pretty soon and give a chance for you to make money

Not exactly, more usage=more users=new users=more bitcoin purchases= more expensive bitcoin. More adoption is exactly what we want to push price higher.
Plus, we need more people to know about bitcoin it is the only way to evolve and grow.

That is true. The more people use the bitcoin, the higher the price it will be. That is the network effect.

I think the $10000 price could be achieved in 3 to 7 years when the bitcoin user number reaches 2 to 5 million.

i think you might be right, i believe such price will be reached sooner or later, besides that in my opinion we will reach a new all time high in like 30 days

Did you say net all time high in 30 days? I think it is not possible. If that is the case, that will be a big bubble.

I think the new all time high could be reach in 12 to 24 months. Earlier than that could mean a price bubble.

5 digits, Jeez I don't know. I can't see it becoming a reality any time soon. We're probably looking at 5 years plus unless we see some real, mass adoption.

The factors like increased bitcoin adoption and acceptance, rapidly growing interest in blockchain technology and increased demand from China due to a weakening economy and currency will contribute to the rise of bitcoin and make it touch four digit value. 5 digits is even so far.

The inflation in China is quite high at the moment. So people will buy the bitcoin to hedge the inflation.

hopefully it is able to make bitcoin prices to be higher, but I guess the price will not be up to five digits. maybe this time we just have to hope that it will bring the price of bitcoin into 4 digit, or over $ 1000, if it really happened this year, maybe it will trigger the development of a broader bitcoin

The $1000 could be reached in December this year. But it is more likely to be around $900 to $950 range.

I don't think Bitcoin will ever see price in five digit because there is nothing such thing which can make it so much valuable. It was best time to see this happening 2-3 years ago when there was increase which took price to all time high. Bitcoin's fair price will take it to a maximum of 2000 $ in my opinion without exaggeration in coming years. This is too much to think a Bitcoin worth of $10000.

but if the price started to increase within a month or two from now then I think it will be a permanent bubble and from that the price increase will start once again, and after that till the end of the year or maybe in the next year it will reach to a peak of stability.

A bubble is not permanent and permanent is not bubble, the current price is real and not just bubble that would easily disappear. I believe the price will increase but will not reach 5 digits this year alone and I am even doubting if it will reach at least 4 digits before year ends.

yeah, the price is definitely not going to grow that fast even though we might see some small increases in price but definitely not that big

In the short term, the bitcoin price could still be around $700 in the next 6 to 10 weeks. But after that, the price will rise.

You might be right in the long term. The bitcoin price could trade at $500 in the short term after the hack.

It is very probably for the bitcoin price to trade around the $500 range in the next few weeks.

The bitcoin price is already $570 now. It could trade between $550 to $650 in the next few months.

such price will be reached definitely way faster as a lot of people will be buying their coins pretty soon as more and more people come to bitcoin, i would predict such price in 2 years

This can happen, but I am not counting on it... ever. Sure potential is great, but come on on 10k. At this moment the distance is to far and yes time will maek it up.
But never to 10k. At least i don't believe it.

For that to happen we need wealthy people to take a position into Bitcoin as investment, and as store of wealth. Only then we may have a chance to go higher than $2000-$3000 levels. And then I'm not even talking about prices of $10,000 and higher. That's not part of the story yet. First $1000, then $2000, then $3000, and so on. After that we'll see what will happen.

That's true, one step at a time fellas don't be too excited as we will totally reach that level in due time. That will happen in the future if we will continue to support bitcoin as we are one of the supporters who will make bitcoin a success.

I  think the bitcoin price could rise to $1200 this time next year. By the end of 2017, the price could be $1600.

I think that could happen. But that depends on the further development of the bitcoin network and number of users.

The popularity of bitcoin, much like its value, has been in a state of flux for the past several years, but the fact that it has stuck around this long lends further credence to the staying power of the cryptocurrency. So it will see continued growth, and sharp increase in value as well.

I do not agree with that. The bitcoin price has more than double from last year's value. It is rising steadily.

The bitcoin price is quite strong recently. i think it will rise again after the Bitfinex hack is forgotten by the investors.

we don't have to fear the durability of crypto currency that I think has been tested in a few instances such as when mt gox collapse but cryptocurrency can survive.

How can be you so sure that end of 2016 the price will be 1600$ , when we are not even sure what will be the price by the end of this month.

I think no perdition is true for bitcoin as it is unpredictable.

Yeah no one can predict the price of bitcoin as its simply impossible, its just an speculation of the people but to be honest I think bitcoin reaching to 5 digits will really take very long time.

when bitcoin does surpass five digits, it could be that others see it as more legitimate. may be i am wrong, i think the price will reach five digits within 1 year.

I think the bitcoin could reach 5 digits after it becomes a regulated currency. Otherwise, it is too risky to invest in it.

Its too early to expect that price from bitcon, as its taking long time even to hit the 4 digit price so I think it will be not that easy to achieve that price in this year.

Five digits could take very long time as we are still waiting to get more stable price above 4 digits, it could take several years to achieve this milestone, maybe after 2020 we can expect for this price of 5 digits at this stage it looking really hard.

I think personally that the price will not reach that high value soon. We are talking about a x20 increase so far, a really enormous pump, (8billions x _x20 = 160 billions of dollars the entire market value) ....
I hope to see this value :) and be already in this earth ;) but probably my sons could see it !

It will just come at the right time I guess, bitcoin is not easy to predict when your basis is the pricing but it is easy to determine that the price will increase in the future but to how much, we cannot ascertain that. It could surpass the 4 digits prediction if the massive adoption will happen soon.

People should focus if the bitcoin price will reach 4 digits or not because even this "near" target is very hard to be achieved unless something big will happen, five digits is at least 10,000 usd for each bitcoin and I don't think it is possible in this decade.

True words!
Let's make one step after the other.
4 digits is not easy to achieve, especially now after the Finex drama.But I'm still confident we could reach the 1000 at the end of this or early 2017 at the latest, if not any other bs happens.
Regarding the 10k that might be a possibility around 2028 to 2032. I'm wild guessing here :D

I don't think we will see $1000 unless something big happens.
BTC needs more users. If some big company starts accepting payments in Bitcoin the price could go up.
Otherwise the price will be in the $600-700 range for a while.
Most people who own coins now are miners or investors sitting on their pile.
We need new users spending more coins if the price is going to gain another 50% increase.

this will definitely happen as the users count is going to grow significantly in the near future, because of that we will make some big profit out of a price growth

Four digits is up to $9,999 so this is pretty unbelieveble for this year.

It's unnatural, so I'd say it's impossible for at least next 3 years for bitcoin to reach 9999$ +

it is definitely possible, in my opinion the price of the bitcoin will grow a lot in the near and no one can predict what the price will be in 3 years so it can possibly give us good profit

I think the bitcoin price will not grow a lot in the near future. The bitcoin trading volume is very small at the moment.

There is limited funds in the digital coin market. The traders are trading the altcoin at the moment, that will reduce the demand of bitcoin.

Exactly people are more attracted towards altcoin trading at a moment and bitcoin is facing the consequences for the same, as people are making really good profits in altcoin.

historically traders have went back to bitcoin as soon as there are signs of a rising price.

but right now, bitcoin has no reasons to rise, but it's a good sign we're at least holding stable despite all the negativity bitcoin has going for it right now.