Bitcoin Forum

Let's summarize opinions.

Yes, in 2015. Safe prediction I guess

2014, 2015 or never.
Casey Research in IS today recommended to liquidate all bitcoin positions
and buy gold instead. Time to buy more coins!

Gold is too heavy for e-wallets.

not today brother! the masses are shitting them selves!

Today's crash is strange.

Showing similar trends to that in April.


May people are speculating that this is the shockwave of China limiting businesses uses of BTC but if you look at the charts, you find some strange activity.

Almost a 30 minute lag on gox.

https://i.imgur.com/xembW1R.png?1

This is abnormal and looks like an artificial crash.

Stay strong, the storm will pass.

Its logarithmic growth  ....... ....just add a zero every year.

1        2010
10       2011
100     2012
1000.  2013
10000  2014
100000 2015
100000000  ?   satoshi PAR usd
I believe in a few years a satoshi will be a dollar!

Drivers--  Demand, scarcity, destroyed bitcoins, lost keys, difficulty and massive new emerging markets......

i dont think it will reach 10k$, the price fall from ~1200$ to ~800$ in two days

Economic disaster

I could see it getting to 10,000 this year but I don't know if it'll reach 100,000 by 2015. we will probably see some large crashes and minor ones with a high recovery rate after. I suspect a low possibility of 20,000 by 2015-20 but not a 10x growth. Especially with the prices rising relatively high, people will want them but not afford them, others will want to hold them to gain value but because of the greed "investors" will take into it they'll hold onto them and people won't be able to buy them because of the "what if they go up" logic which will bring them down and cause a panic of selling with the "I don't want to lose my money" panic logic then you'll have others gobble them back up at the fallen rate and people will covet them again.

some day it might, in a couple of years :)
sit back,relax and enjoy you are here while it is still cheap :D

Yes, i'm sure. At one day it will cost 10000 and then 100000 and then more

i´m pretty sure that BTC will continue rising in long turn.
still everybody who is hoping that BTC will be 10k$ in next year is to optimistic. we are now in price level where 1000% per year would make whole BTC-community to "closed elite community" and result would be (if amount of user does not grow), that BTC has very limited fiat-background.
so here my opinion:
5500$ end of ´14
8500$ - 10000$ end of ´15
15k$ end of ´16

to speculate what happens after ´16 doesn´t have now any sense.

I don't see why it couldn't reach $10,000 some day and I wouldn't be surprised if it happened in the near future.  Personally, I was surprised when the exchange rate stayed pretty stagnant hovering around $130 for quite a long time while the difficulty was skyrocketing.  Theoretically, I would think that as it becomes more difficult for people to mine bitcoins that as long as the demand for them stays high then the value of them should also rise.

I think so, the limited (small) number of BTC will will ensure this.
If a big online player ebay, amazon,  facebook etc use crypto currency it will help move things along nicely.

My prediction is for 2015. I don't see it happening in 2014. Although BTC went up from $15 to $1,000 (66 times) in 2013, I think the most realistic scenario would be to expect a 500-600% increase in 2014.

One day maybe however that will be definitively not today.

mtgox needs to be destroyed for stability

My prediction is around 2018, we could see 25%-100% yearly growth from now

I think bitcoin will be replaced by better alt coins. EG more secure, faster etc.  Bitcoin is awesome but there are a lot of innovative new coins that are much better suited to commercial transactions.  

Personally I hate waiting for confirmations with bitcoin.. it takes so damn long!

BTC is already to popular to be replaced by an altcoin. I can see it going up to 10k too... Someday ;-)

You apparently dont understand how Bitcoin works. 0 confirmations is enought for small payments. If you transfer bigger sum, like 0.1+ BTC, You might wait for 1 confirmation to be sure

The Winklevoss twins think it can realistically hit $40k/coin

That's a pretty safe bet in my eyes

I doubt it will reach $10,000.
Either a new crypto currency which proves to be better will come along or it just simply won't reach 10k.

You think that the prices will be stable once we ban Mt Gox? Volatility will be three for many more years to come. And you cannot blame Mt Gox for that.

i voted yes in 2014. but due to the recent price down it wuld be more likely in 2016+

This fit my $25,000-$125,000 estimate, but 5-10 years

yes,2014-2015

2016, not sonner, $10,000 is a lot of money
On the other side 1 BTC is a lot of all Bitcoins in existnce, not like trillions of dollars in existence...

I doubt it'll hit that much, the price is too volatile as it stands already, and any item is unsustainable for long periods of time at those prices.

Its limited issue, the very thing that is making it popular, could very well be its downfall (don't forget, the majority of people that have joined the bandwagon, are doing so because of its popularity, which is in turn driving the price up. Once the minting limit is hit, they will simply move on to the next one.), or the price will stabilise and will just be circulated amongst a select few that wish to trade in bitcoins and collect them.

We shall see.

I for one would love to see a cryptocurrency become a solid currency! I really hope Bitcoins are that currency!!

~Foyz

If you follow the charts, you will notice that they are not leading anymore. in some moments they are hanging on place 4 even...
so maybe your wishes will become true soon...

I think that it will be replaced by an altcoin..

I believe Bitcoin will continue to lead the charge rather than being usurped by another coin, it's the trailblazer with the infastructure built around it, litecoin is 2nd, it's going to be interesting which coin is going to hold 3rd spot through 2014, my view is quark will move into that position through February-march next year.

I recall Bitcoin at £2.00 when it reached £20.00 I remember thinking it just can't go any higher......can it ?  ;D now anythings possible only 6-12 months ago it was considered experimental now half of the world is poised to invest.
Bitcoin is gong to shock and oar throughout 2014 you'll be able to hear the deafening sound of jaws dropping around the globe $10,000 - $20,000 $50,000 the stage is set for explosive growth.

Disclaimer : this is my view do your own research draw your own conclusions, any CryptoCurrency carries with it risk - only invest what you can afford to lose that way your able to ride the volatility up and down without any sleepless nights.

i wish

I doubt, dont forget next year there will be new altcoins and new people might join the early adoption illusion again. Today or future altcoins will not replace Bitcoin, altcoins are just pump and dump schemes without even caring to build infrastructure

I think it will be in 2014. The bitcoin rises in waves, maybe somewhere in 2014 there will be a next wave and go to $10.000.
At least I hope so  ;D
But I also think alternative coins will eat some marketvalue out of Bitcoin.

I find this all to be such an amazing concept.
However unless it is someday somewhat connected to the real life ( i.e. regulated to some extend ), I find it hard to believe it will end up being the currency/coin of tomorrow for everyone (at least as is).

How can you use it to buy actual goods on a regular basis if the value fluctuates in such a way that it does currently?

So at the moment this is "just" to me an intrument of speculation before it turns out to get mature  (which I have no idea in which actual shape).

Having said that, it is not mainstream yet so I believe it will go up for some time again, but I hardly believe it will reach $10000 as is.

I have to agree, for $10000, Bitcoin have to mature, so not next year.

Lower price movements will happen when coins are distributed to more people, owning even 1 BTC is a lot of Bitcoin supply

Depends if it becomes 'the way to pay'. If it has so much advantages to use it over other currencies, everybody would want to use it.
Then I would say yes.

If it only stays in the realm of speculators, maybe. But then it will be too volatile and in the end never succeed, because then it's really a bubble.
The market cap of Bitcoin is about 10 billion dollar, but when everybody would sell it, it would turn out to be worth a lot less.

But I really believe it is here to stay, because it is a great concept and the innovation has just begun.

BTW, you don't have to own 1BTC to participate in it. A lot of people are scared by the price of 1BTC when introduced.
I know it's psychology, but it is just a random unit. It is now time to use mBTC I think.

Bitcoin only has first mover advantage. Bitcoin is an amazing crypto-currency, however it is time for another to step up to the plate. Have you guys been introduced to Nextcoin yet? 100% POS, it will have an included decentralized exchange and messaging system.

I think Litecoin will hit 100 USD in a few months though.

Technically yes, this is such an ingenious system.
But the drawback of its distributed unregulated nature is that you hardly can fix prices on goods with it since the value of the goods may be doubled or halved in a matter of days which seems to me as highly impractical for shopping (appart from some "geek" stores and  underground economy).
So to be the "way to pay" it has first to have a value that is somewhat connected to the real lworld IMO.
I am pretty sure something will come out from the cryptocurrency world that will be mainstream and usable as the way to pay, but again, as is, this is to me too much on the speculating side.

I think eventually Bitcoin will reach the 5k mark but it is not now. Even in 2014 I think it will not happen.  I think some countries, due to the lobbying of banks since the banks can't skim something off every transaction, will restrict the usage of bitcoin and other crypto currencies for whatever made up reason.. i'm sure some idiot will think of some ridiculous reason to do so.
Either way Bitcoin can also back to 100 dollars or less. Everything is possible. I've read an article that stated that the majority of Bitcoins are in the portfolios of a  1000 people or so. For the sake of argument let's say its true for a moment. When one of these guys or girls decides to sell every last Bitcoin in his or her portfolio the price will drop dramatically. Most people if they see a drop of 5% begin to panic and sell their bitcoins and so on and so on. Then bitcoin will be in a free fall. So people bear in mind that, though bitcoin is very popular it can go in a free fall if enough bitcoins are sold in 1 go. I've seen it happen with stocks often enough.
From experience I know that looking too far ahead and occupying yourself with the " what if's" or the " what will be according to...."  can and will distract you just enough to miss certain key signs.
Read the signs carefully and make up your own mind. That's my advice :)

no i don't think so

bitcoin is a pretty bad currency and when the transaction fees has increased to 10BTC per transaction i doupt it will be able to hold much value. the bitcoin network will funktion well until the next reward halvning when the transaction fees will have to be a lot larger to keep the network safe.

when are you guys going to realize that bitcoin is going to the moon and beyond in our lifetime?

I think mid 50K by this time next year.

Sure,

thats a natural growth like Google, Facebook, and Twitter had...
i think that we are now in the developmentphase and launchphase,
next year we will step into the real big growphase and we will hit the 10k very soon
 i think that the price will stabelize maybe at 100k or more.

Who knows??

this reminds me of https://en.wikipedia.org/wiki/Tulip_mania

I totally agree im still very new to btc and even i think that a jump that large in one year is
Not plausable but i do supposed anything can happen.

It will eventually, be patient..

That would be nice, but it looks from the past week to be pretty stable in the $880- $900 range.

I don't know if it will ever go that high., but we can all hope, assuming we have a coin or 2.

I personally think it has a decent shot.  The way that things have been going lately, anything's possible, for good or bad, I think.  I'm optimistic though since I need prices to not crash because I'm altcoin mining to partially fund my school band trip.  ;D I figure I can actually make $5-6 a day currently with my 7870, a 6770 that's in the mail ($30 card + free power = win?), and a 6750, so what the heck right? Who knows how long that'll last though.

On topic, I'd say that it could happen around early/mid 2015, but you never know!  I'm not liking the recent very slow price drop, but I guess the relative stability is something Bitcoin needs.

Doesn't have to be. If a lot of people want to pay in Bitcoin, they pushing the price up.
That's just free market. Only reason why it is this high, is because a lot of Bitcoins are not in circulation right now. Maybe as high as 80%.

That's your opinion, which seems to be an in the box opinion. I like to think out of the box.

This is a like a gold rush. Everyone has dollar signs reflecting in their eyes.

I just hope it ends well.

_____________________________
Get 420 online at zeltasgarden.com

Do you guys think that somehow more bitcoins will eventually be released?

No, that would be very very hard.
Only if it is changed in the protocol and the majority of the miners agree with it.

yes ofcourse anyone is free to pay whatever he want's, bitcoin price is similar to the value of art, very low intrinsic value and mostly speculation. Currently bitcoin isn't used to much and transaction fees is getting larger and larger.

no. for sure no new release.

that would change the "built in deflation" to absolute inflation.

Agreed, I hope though that the intrinsic value goes up fast if it's used more as a payment system.
The transaction fee is taken care off in the next release 0.90. Hope they finish it soon.

Personally I'm almost certain that it will reach it in the next 2 years. If not then It has to eventually. The amount of hype it has now will see to that.

No. There are enought bitcoins available to mine, almost 9 millions

I see what you mean on a speculation caused bubble, but what would you do with tulips in the 1600's? Grow them into flowers or trade them in the future (for more money hopefully). Take away the speculation use and a flower doesn't have tremendous value to me (not at the cost of a hard year's work as a craftsman). Now when I compare that to Bitcoin,  I can think of thousands of uses for it other than future trading at an increased value. Anyone else feel the same? What excites me about Bitcoin is not the speculation part at all.

I feel EXACTLY the same.  And predict a $10,000 price point at this time next year, along with dow 18000 and nasdaq 5200

Never heard Tulips can be used to send money to your family member overseas cheaply and quickly, without your ID verification

because of the finite quantity of available BTC I think it is possible within next year or two it could be several thousand

Since the value of the currency is based on its transaction frequency, it is pretty hard to say, but as more people become aware of it and it gains popularity, who knows.  I don't see 10K in the near future, but perhaps a couple of years out.

The advantage of Bitcoin is honesty - you know the number of mined coins and max coins.
Compare it with dollars, noone knows exactly how many dollars are there now or how many dollars will be there next years

I guess this is very possible in late 2014 - 2015.

It might be possible but there will be need for mass adoption before it will be possible.

It's all about adoption. Bitcoin needs ways to be spent before it can get anywhere near $10,000. The average person needs a reason to get Bitcoin.

This, and go throught the ID verification process just to buy Bitcoin is not good way
Much more Bitcoin ATMs are needed first

Yes, soon. In 2018  :)

maybe in 2019

of course I would argue that someday bitcoin prices can actually last in the price of $ 10000, or even more. I feel it will happen next year. well, even this year, bitcoin prices almost reach those prices. the bitcoin is absolutely fantastic.

 ;) Absolutely it can be very soon, even more than that. I believe in Bitcoin's power!