Bitcoin Forum

This is really simple but I want the newbie perspective on this even though I lurk in the speculator section I consider myself new because I barely have 4-5 Bitcoins. The question is, how many much will those 4-5 Bitcoins be worth in a couple years?

Do you seriously believe that we can make a living doing this?

Feel free to speculate my friend.

I disagree, someone who is far better than math at me could look at the current rate of printing going on as well as various political activities like Cyprus to make a very good educated guess on how much it's going to be worth in USD. As for the other currencies, it depends on what the other countries are planning, but they all seem desperate to hold onto power so they'll probably go the same way as the USD eventually.

I see $300 end 2013 provided continuing turmoil in eurozone .If the euro cripples down, then $900 is a fair price..

might have to change that second last option, it's already over 100!  :) http://blockchain.info/charts/market-price (http://blockchain.info/charts/market-price)

I'm putting my money on them becoming either really expensive ($300+) or really cheap (under $15)

Make a living doing *what*? Trading virtual currency? Only if you are very lucky. Mining virtual currency? Only if you have a shit ton of money to spend on a mining rig.

In one year from now, somewhere between $400 and $1000.
In two years from now, somewhere between $1000 and $3000.

Regardless of the recent rise (which is history and thus should be ignored), there is much, SO MUCH more potential in Bitcoin. Combined with all the shit that's going on with the euro and dollar (which can only go one way: down hill) and the new possibilities, freedom, independency and safety that Bitcoin offers for people's money, I see things going sky high in the near future.

I think around 1.000$ would be normal.

It is hard to make an educated guess.

I think the price will be closely linked to its real-life-real-objects usage. Can you buy milk with Bitcoins in two years? If yes: Very valuable If no: Not so much.

(Substitute Milk with any other product)

Depends, if the Euro or USD are still around in 2 years.  :D

OK - the recent rise has been largely "blamed" on the trouble in Cyprus. Cyprus is a tiny economy.

But the EU has been full of near disasters in the last 5 years. Anyone in the UK will remember Northern Rock bank. The bitcoin didn't exist then, not in the public consciousness anyway.

In the future, when banking crises occur in Europe, and they will occur due to the EU putting sticking plasters on massive economic problems, people from those countries will head to the bitcoin.

If lots of Germans or Brits headed to the bitcoin for example, you can wave $200, $300 per bitcoin goodbye very easily.

So my guess is the genie is out of the bag thanks to Cyprus. Every new major EU banking crisis will add $50 to $100 to the bitcoin price, more for the major EU economies.

I'm going to guess around $200.

But IMO bitcoin is better off without the investors because it needs long term sustainability.  Investors will leave once a bubble and subsequent crash occurs.  Long term users who use it to buy and sell will not leave as long as bitcoin does what they need.

I picked $1000, but think that $300-$400 is more likely.  When (if) a large number o ASIC devices go online then the value may go down as supply could increase slightly faster.  I guess the increase in difficulty should nip that in the bud, but if BTC availability rapidly increases the value may level off.  Or it could be the opposite as people scramble to hold on to a few for speculation...

Over 1k, how much i'm not sure. maybe around 3.5k per BTC.

Thats ballparking that it can grow just .5% per day for the next 2 years.

But remember the worth of the $ will also be less in 2 years.

Around 10k after Russia enforces the 10k cash-carry limit in 2015.

I think we're in a bubble right now, approaching a peak (I could be wrong); I'm expecting it to be worth somewhat less than or maybe around $100. Could be totally wrong.

If the Argentinian Peso can still be around, I'm pretty sure we'll still have plenty of room for and be seeing Greenbacks.

In 2 years eighter it hit little over $1000 or will be under $1. Depends if goverments begin "to fight back" bitcoin drugs/terrorist/money laundering.

2 years is too far out.  Even 6 months is too far out. There are too many variables to consider. It's even difficult to speculate what the price might be at the end of April  If things continue on the current trajectory, then we're looking at close to $200 by the end of this month.  But only if the price pattern adheres to the current trend.

What I'm about to put forward is more along the lines of an investors/speculators reasoning and not the reasoning of a BTC - kill the banks zealot. What we're missing is (I'm going to create a new word here) "INSTANTY".  There needs to be a mechanism in place that would permit a purchaser to rapidly fund their account so that the purchase of a BTC can be almost instantaneous.  Think about, by the time that you make the decision to purchase a coin, to the time you fund your account and then hit the buy button, the darn coin might have increased 5% - 10%.  The use of a credit card would assist with that, but we all know how those attempts went.  

I read on the forum a discussion about getting BTC into the FX market.  That would be awesome to say the least. If we were to attract credit into our market, then the price of a BTC would go through the roof and into the clouds. If Mt.Gox became something akin to an E-Trade where we could buys shares of a currency/fund/stock that was attached to BTC and our account could be buttressed by MARGIN, then we'd be able to purchase 2x (or 10x) our account holdings.  Now that would drive the price of each coin into triple digits at minimal.

And we're not even talking about main stream adoption yet. That would push it even higher.  

Just my 2 cents.

Someone just posted this link in another thread about BTC in the FX news.

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=5563c5e7-c344-4b98-8eef-17e5727e0b18


Now if BTC gets into the FX market, we're going much much higher.

bit gap i know low $650 high $5000

I'd pick on avg $1000-1500 :)

Depends
if the EU are going to continue to do stupid things like steal 80% of peoples money.
if yes then crypto currencies will become BIG, but at the same time governments will do their best to limit them.

previously Bitcoin was a gimmick used by people wanting to buy drugs, but if the stupidity continues then people will invest, purely because there is nothing else, I mean 900% increase since September 2012

I already answered but I think you should have made a $0 option.  I'm sad to say this but there is probably about a 30% or so chance that within 2 years something will happen to make bitcoins worthless.  I hope it doesn't happen but the possibility is always there that something will happen such as the cryptography being broken or the governments all coming together to outlaw them or otherwise make them extremely unappealing to the point where they are worth under a penny.

But as I said if bitcoins stick around without something catastrophic happening I think somewhere around $200 per BTC is likely.

They could also be worth alot less - maybe even nothing if someone somehow hacks the system and brings it crashing down.

I think between $500 and $1000.  BUY BUY BUY!

I think that $1000 is a reasonable estimate, though probably slightly lower as it would be a huge psychological barrier to break to go over the $1000 mark. Probably $900-ish. I think that its likely that some small nation(s) would simply start accepting bitcoins as much as their own national currency in a couple of years, and just this small amount of adoption could drive up the price hugely. I can easily see some country that is currently in dire financial straights going "hey, lets copy Cayman Islands, only lets do it in Bitcoin, for style points." It just takes one country like that to crop up, or one rich guy deciding that he doesn't want his money taken by the EU and setting a trend, to cause the price to skyrocket.

First, I think that Pangea's comment about the ease of purchase is definitely valid.  The average Joe doesn't feel comfortable with the current mechanism.  To buy your first coins with USD there are several steps that must be taken that include either connecting your bank account to strange websites that you have never heard of, or wiring cold hard cash to "weird" addresses. I have talked about Bitcoin to a lot of friends and family, and none of them are even close to comfortable with the purchase process. 

Another problem is getting average Joe to even understand how Bitcoin works, since most people have a hard time finding the button to turn on their computer. 

Of course, this is all getting better, and easier.  But acquiring and using bitcoins has to be an absolute no-brainer process that grandma can do before we really see mainstream acceptance.  We are not even close to there yet.

Of course, I don't think that the value of bitcoins right now is something we should be concerned with.  What matters is how many people adopt BTC as merchants, consumers and investors.  It is the transaction volume, especially by people spending them on stuff, that will make the value go up.  If bitcoins come to represent even one percent of the global economy one BTC would be worth 100,000 USD, minimum.  Bitcoins are worth a little over $100 each, with the total value at just over 1 billion.  When compared to the global economy 1 billion is nothing.  You do the math.

What I find most encouraging is that BTC survived the crash from a couple of years ago.  Even if the price does collapse, as long as they are being used, by the end of this decade, or much sooner, current prices will seem ridiculously low.

My turn. I predict it will be over $1000 by the end of the year and most likely reach it during the end of summer early fall. I predict next year it will probably reach $10,000.

Why would you need luck? I don't see what luck has to do with it. Buy a lot of coins, save them.

The Bitcoin ATM will be here this year. Bitcoin will overtake Paypal within 2 years time. You'll be able to buy Milk from Peapod via Bitcoin within 2 years. So yeah, it's going to happen but how long it takes is the only question. Everything is in place for Bitcoin to eclipse Paypal and Paypal sucks politically for their economic censorship.

Depends on the economy really, but I'd say around 1000$ is a good guess,

It might go back down to 100 or even 0! Or in other case scenarion it can rise to ~300$ per coin that's my guess

depends on how many bitcoins i manage to get in the next 2 years!

I voted $1000... but I remember when they were $4  :'(