Bitcoin Forum

Voting starts now, closes in 2 weeks (tm).

I hope bitcoin does it in 2014, but 2015 is more realistic, while 2017 is the year when that would be an average/minimum price.

During 2016 and if not during at the end since block halving will occur.

Sooner than we think.

And what do you think?

He thinks sooner than you do.

According to the chart on this post it is going to hit $10,000 on 5-16-2014. 

Sounds good to me.  ;D

https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238

Going to Wall Street would boost the rate a lot I guess. Also the funds like Fortress'... $10000 is possible during 2014 as I see it. The faster we get to the level where Bitcoin value doesn't grow 1000%s in a year, the better.

The better?  I think I could stomach a few more years of 1000% returns. ;)

Current Btc users are less than 1 Million.

Current user growth rate is around 30 to 40% per month.  That is shockingly good expansion.  I can't think of anything else on the planet that is doing that.

Number of users will double in about 2 months.  If transaction volume rises at similar rate, we should see Btc value double every two months, which will take us to $10k just after mid 2014.

If the open ended investment trusts come into play and start hoarding Btcs then I would expect Btc values to jump much higher faster.  This would especially be the case if IRA accounts are allowed to invest and the Winklevoss ETF is listed, allowing retail investors to get in on the action.  By mid 2014, the Winklevoss Trust will have been in application for 12 months, which is around the time that it should normally be approved assuming nothing goes wrong.

The amount of money from investors allocating just 1% of their portfolios to Bitcoins as a "just in case" investment will easily push up the $10 Billion cap many times, IMHO.

This will eventually end up kind of like gold where sovereign authorities sit on vaults of gold.  There will be large open ended investment trusts holding Bitcoins as very long term investments.  If a large transaction needs to be made, they'll most likely do it off market to avoid hurting the market.

Obviously, regulatory risks could impact on progression. However, it looks like governments worldwide appear to have calmed down.

Good points, Lloydie.

Virality is the undercurrent.

Remember also that the majority of existing users, seeing this happen, will move quickly to double, treble, ... their positions. Despite the legion of fans we have here my gut feeling says most people are not "FULL BITCOIN"! - and incidentally nor should they be in my opinion, as common sense dictates but also as the future is all about the relationship between Bitcoin and other currencies, not the smashing of other currencies into oblivion by Bitcoin (despite the sound thrashing that seems to be going on at the moment  ;) ).

What's the source for the 30 to 40% per month user growth rate?

Bitcoinpulse.com

Thanks.

Overstock bump!

5 days to go and the voting closes. Did Overstock increase the speed of Bitcoin Wagon?

Nope. Still jogging merrily along.

http://i664.photobucket.com/albums/vv10/JimboToronto/bandwagon-2.jpg (http://s664.photobucket.com/user/JimboToronto/media/bandwagon-2.jpg.html)

Not sooner than next reward per block halving.

Only few hours left!

I'm optimistic but that's bullish!  :D

Since everyone with real money and market sense is shotring bitcoin right now on high margin, it just can't ever go that high.  So, never.