Title: Bitcoin price in 5 years - 2/2013 Post by: notig on February 03, 2013, 02:14:31 AM Go!
I'm going to say 99 dollars per BTC. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: adamstgBit on February 03, 2013, 02:16:34 AM 5$ ;)
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Melbustus on February 03, 2013, 02:17:50 AM 1/4ozAU / BTC
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: evoorhees on February 03, 2013, 02:19:51 AM Between $200-$2000
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Bowjob on February 03, 2013, 02:20:30 AM 1000.32 I am six significant figures sure.
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: smoothie on February 03, 2013, 02:48:17 AM 2010 - $0.50
2011 - $5.00 2012 - $13.00 2013 - $50.00 2014 - $100.00 2015 - $200.00 2016 - $400.00 2017 - $800.00 2018 - $1600.00 So my guess is at least $1600 per btc Title: Re: Bitcoin price in 5 years - 2/2013 Post by: ArticMine on February 03, 2013, 03:08:10 AM Over 10000 USD or possibly even over 100000 USD by 2018 are by far the most probable. If Bitcoin does not reach 1% market share by 2018 it is because it has failed drastically, so I will also give a small but finite probability of way under 0.01 USD.
As for the range of 0.01 USD to 10000 USD very unlikely. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Zangelbert Bingledack on February 03, 2013, 03:19:22 AM 75% probability of $0.
25% probability of $10,000+. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: chriswilmer on February 03, 2013, 03:20:30 AM Over 10000 USD or possibly even over 100000 USD by 2018 are by far the most probable. If Bitcoin does not reach 1% market share by 2018 it is because it has failed drastically, so I will also give a small but finite probability of way under 0.01 USD. As for the range of 0.01 USD to 10000 USD very unlikely. I have to say, I kind of fall into this line of thinking. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Luceo on February 03, 2013, 03:53:41 AM 75% probability of $0. 25% probability of $10,000+. This is probably spot on. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Bowjob on February 03, 2013, 05:28:41 AM 75% probability of $0. 25% probability of $10,000+. This is probably spot on. That's basically suggesting all or nothing, which seems like the least likely scenario in a short 5 years. Those odds are a delicious gamble though. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: goldlyre on February 03, 2013, 05:58:28 AM I wish to get on a time machine in order to have a look at price of bitcoin in 2018.
http://img1.soufun.com/bbs/2011_11/30/11/sh/1322625422439_000.jpg Title: Re: Bitcoin price in 5 years - 2/2013 Post by: evolve on February 03, 2013, 08:14:05 AM 5$ ;) This. Or in the midst of a double digit bubble (like now)...boom and bust, just like the american economy. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Foxpup on February 03, 2013, 08:19:00 AM 3 oz AU
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: FreeMoney on February 03, 2013, 08:25:02 AM 75% probability of $0. 25% probability of $10,000+. This is probably spot on. That's basically suggesting all or nothing, which seems like the least likely scenario in a short 5 years. Bitcoin has gone from essentially not a money to here in about 3 years. It's gunna be happening for real in 5 or never. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Jutarul on February 03, 2013, 09:01:11 AM I say if people quote bitcoin prices they should denominate it in gold. USD won't exist for long.
Currently 1 BTC = 0.4 gram of gold Thus BTC market cap is about 4 tons of gold. Assuming a max of 21 million coins and equal wealth distribution between bitcoin and gold, we're likely to see a BTC market cap of around 8,000 tons of gold (*/ 2), which would price a BTC at 400 gram of gold, or 21,200 USD by TODAYS gold price. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: zoinky on February 03, 2013, 09:03:47 AM I think we will be close to a 5 billion dollar market cap by 2018.
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: TraderTimm on February 03, 2013, 09:37:42 AM I think it will defy any attempt to predict its true value.
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: phatsphere on February 03, 2013, 09:46:22 AM I want to remind everyone posting here USD values, that it isn't sure if the USD is still around in 5 years. (same goes for the EUR, with a higher probablility). So, maybe some more general measurements are necessary … AU is an example.
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Vladimir on February 03, 2013, 11:37:19 AM Now this is my kind of thread (as opposed to "Bitcoin price in 5 days"). LOL
Optimistically, parity with 1 oz of gold in 5 years. But it is possible that it will be much more than that. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: proudhon on February 03, 2013, 12:11:12 PM ~$50
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Vladimir on February 03, 2013, 12:42:08 PM Another stab at it.
100 000 000 000 000 USD (one hundred trillion US dollars), give or take one-two zeroes, lol P.S. BTW the guess in my post above still stands i.e. both 100 000 000 000 USD and 1 oz of gold could be possible at the same time. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: flipperfish on February 03, 2013, 12:44:14 PM I want to remind everyone posting here USD values, that it isn't sure if the USD is still around in 5 years. (same goes for the EUR, with a higher probablility). So, maybe some more general measurements are necessary … AU is an example. I think most statements involving USD assume a constant USD value, even if that's not the reality. So what actually is meant is the value of today's USD.Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Mageant on February 03, 2013, 12:44:35 PM I say around $1000. That is in today's dollar purchasing value.
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Chaz on February 03, 2013, 01:25:46 PM US$6,189 in 2013 dollars 8)
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Bowjob on February 03, 2013, 01:31:40 PM :o Whatever it is you guys are smoking, stop. The correct value is $9421.02 on Feb 4, 2018
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: muyuu on February 03, 2013, 01:43:18 PM $100 in today's purchasing power.
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: piramida on February 03, 2013, 03:36:06 PM exactly 1 BTC minus exchange commision! :)
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: proudhon on February 03, 2013, 03:51:53 PM $50 in 2018's purchasing power.
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: johnyj on February 03, 2013, 10:56:40 PM No, by that time, there is no other currency, no exchange rate 8)
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: CurbsideProphet on February 03, 2013, 11:05:46 PM It's very possible in 5 years time there could even be a war within Bitcoin itself. The problem with the 1MB size limit for example and how to deal with it. As problems and solutions come up, I could see forks in Bitcoin as a possibility. Some people go with Bitcoin-y for a certain reason while others go with Bitcoin-x for other reasons.
If that's the case then the early, pre-fork Bitcoins would be more valuable as they could be used on all chains. An early adopter bonus, if you will. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: johnyj on February 03, 2013, 11:16:45 PM It's very possible in 5 years time there could even be a war within Bitcoin itself. The problem with the 1MB size limit for example and how to deal with it. As problems and solutions come up, I could see forks in Bitcoin as a possibility. Some people go with Bitcoin-y for a certain reason while others go with Bitcoin-x for other reasons. If that's the case then the early, pre-fork Bitcoins would be more valuable as they could be used on all chains. An early adopter bonus, if you will. If there is really a fork with unlimited transaction size, then most will follow it without questioning, people are ignorant, as long as their coins are valid ;D Title: Re: Bitcoin price in 5 years - 2/2013 Post by: 01BTC10 on February 03, 2013, 11:19:03 PM The oracle say realistically between $0.00000099 and $99999999.99!
http://www.therecycler.com/wp-content/uploads/2012/01/crystal-ball.jpg Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Vladimir on February 03, 2013, 11:45:10 PM It's very possible in 5 years time there could even be a war within Bitcoin itself. The problem with the 1MB size limit for example and how to deal with it. As problems and solutions come up, I could see forks in Bitcoin as a possibility. Some people go with Bitcoin-y for a certain reason while others go with Bitcoin-x for other reasons. If that's the case then the early, pre-fork Bitcoins would be more valuable as they could be used on all chains. An early adopter bonus, if you will. If there is really a fork with unlimited transaction size, then most will follow it without questioning, people are ignorant, as long as their coins are valid ;D It's not a bug, it is a feature. P.S. Ignorance, is definitely a factor with Bitcoin, however. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: notig on February 04, 2013, 01:17:16 AM It's very possible in 5 years time there could even be a war within Bitcoin itself. The problem with the 1MB size limit for example and how to deal with it. As problems and solutions come up, I could see forks in Bitcoin as a possibility. Some people go with Bitcoin-y for a certain reason while others go with Bitcoin-x for other reasons. If that's the case then the early, pre-fork Bitcoins would be more valuable as they could be used on all chains. An early adopter bonus, if you will. If there is really a fork with unlimited transaction size, then most will follow it without questioning, people are ignorant, as long as their coins are valid ;D It's not a bug, it is a feature. P.S. Ignorance, is definitely a factor with Bitcoin, however. is there a possibility of bitcoin not forking though? Is the feature of the block size limit to make transactions more profitable to entice more miners once the bitcoins have been mined? Title: Re: Bitcoin price in 5 years - 2/2013 Post by: XxionxX on February 04, 2013, 02:30:43 AM If the usd collapses $10k+
If not $500-$1000 If a major flaw is found in the code or encryption $0-$5 Title: Re: Bitcoin price in 5 years - 2/2013 Post by: farfiman on February 04, 2013, 07:04:58 PM I say if people quote bitcoin prices they should denominate it in gold. USD won't exist for long. Currently 1 BTC = 0.4 gram of gold I agree. I don't give the dollar much chance of survival in 5 years ( well, the name could be the same but wouldn't be surprised if its worth 1/10 - 1/100 of what it is now. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: notig on November 04, 2017, 04:22:56 AM It's very possible in 5 years time there could even be a war within Bitcoin itself. The problem with the 1MB size limit for example and how to deal with it. As problems and solutions come up, I could see forks in Bitcoin as a possibility. Some people go with Bitcoin-y for a certain reason while others go with Bitcoin-x for other reasons. If that's the case then the early, pre-fork Bitcoins would be more valuable as they could be used on all chains. An early adopter bonus, if you will. How prescient! Title: Re: Bitcoin price in 5 years - 2/2013 Post by: thecodebear on November 04, 2017, 07:22:01 AM It's very possible in 5 years time there could even be a war within Bitcoin itself. The problem with the 1MB size limit for example and how to deal with it. As problems and solutions come up, I could see forks in Bitcoin as a possibility. Some people go with Bitcoin-y for a certain reason while others go with Bitcoin-x for other reasons. If that's the case then the early, pre-fork Bitcoins would be more valuable as they could be used on all chains. An early adopter bonus, if you will. How prescient! haha wow nice find. I enjoyed seeing people's predictions. and then read that post and was like wow he was spot on 5 years ago! Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Granxis on November 04, 2017, 09:01:46 AM It's very possible in 5 years time there could even be a war within Bitcoin itself. The problem with the 1MB size limit for example and how to deal with it. As problems and solutions come up, I could see forks in Bitcoin as a possibility. Some people go with Bitcoin-y for a certain reason while others go with Bitcoin-x for other reasons. If that's the case then the early, pre-fork Bitcoins would be more valuable as they could be used on all chains. An early adopter bonus, if you will. How prescient! Title: Re: Bitcoin price in 5 years - 2/2013 Post by: AIRDROPSQUAD on November 04, 2017, 09:06:49 AM Damn! Old thread. To much speculation, but now, it is become true. What about 5 year later (2017)? $1500??
Title: Re: Bitcoin price in 5 years - 2/2013 Post by: Chris314 on November 04, 2017, 10:43:58 AM :o Whatever it is you guys are smoking, stop. The correct value is $9421.02 on Feb 4, 2018 He may not be so far from the truth... Closer predicted value of the actual situation, but that supposes bitcoin will survive the upcoming fork. Title: Re: Bitcoin price in 5 years - 2/2013 Post by: VuLDK on November 04, 2017, 12:47:30 PM Go! I think $15000 8) 8) 8) 8) 8) 8) 8) 8)I'm going to say 99 dollars per BTC. |