Bitcoin Forum

By December 31st, 2014 we will have touched $5000/BTC


Could I be right once again???  ;D ;D ;D

well, that would be nice  ;D

I guess if I remember I will dig this thread up, otherwise I'm sure someone will find it and necro it.

btctrend.py (based on rpietila's formula) says 6519.44 for Dec 31, 2014. I'm thinking probably.

That's not much of a prediction.

Okay please make a prediction and show me how to make one.

Despite all of the correct ones I have had. I'm willing to hear you out. Teach me o wise one.  :D

You can't always be right, the momentum is dead. Even Goldman Sachs released a new study saying crypto is shitty investment and is all hype that makes no sense. Doesn't really offer anything and current systems can be easily upgraded to match all features of bitcoin

I can make predictions in a bull market and always look like a prophet. But the bitcoin bull market is over .

$5000 won't happen and if does I'll give u my hot girlfriend that I posted about earlier u can view her in off topic.

I agree with the OP. Legit  :D
I think $5000 will be eventually reached. Bitcoin either goes main stream or it dies. I do not see a middle solution.

The middle solution is what you have now: a "steady" rise in value and visibility. The other 2 extremes seem more unlikely to me, as much as I would like to see it going mainstream as soon as possible.

EDIT:


I don't know about $5000, but you're not very attached to your hot girlfriend, are you?  :P

Dont make empty promises lol.

You are on haha!

yeah hopeso

Could somebody give me a quote on cosmofly's girlfriend in BTC so we can bet using BTC instead?

0.001337 BTC?

Oh mate that hurts

This heavenly beauty is worth a lot more

http://i59.tinypic.com/b5mu5z.jpg

I'm quoting you prices in year 2017 then lol.  :D

I am, but it shows you how much confidence i have in smoothie's prediction failure.

Time will tell if I am wrong.

I think the question of BTC being worth $5000 or more is a no brainer - but i think it maybe far slower than the OP states.

The infrastructure behind BTC is just too much in its infancy. Once/If we have stable, trusted decentralised exchanges established, things will change.

Until this happens we will have many more peaks and troughs along the way.

Far too many people bought into BTC in the $1000 frenzy we had last year - and they all seemed to have such an unrealistic understanding of BTC - treating it as a guaranteed ticket to profits....its still a baby at the moment and will have many tantrums along the way.

These weak hands need shaking out!

But i have managed to loosen my addiction of checking btc prices daily - as long as the blockchain is working and the protocol is secure then i am happy. whenever my friends ask me "how is bitcoin doing today" and what they really mean is "how much is btc valued at today" and my answer is always "btc is doing great - satoshi is a genius" no matter what the price is doing.

having a fundamental belief in btc is what gives me strength.....i do not care what manipulators and the media and market are doing to its price...nor does the honeybadger.

Many said the same thing when predictions of $100 or even $1000 were made.

I'm not going to commit like Smoothie did, but I do think the fundamentals are coming together. While many have decried the slow adoption of bitcoin, I think it was probably good for it, as now the network is so strong that no entity could really derail it without being brutal and open, if at all.

So, now it's time to get it functional at the retail level. This is doable. We need to get something similar to Visa for Point of Sale in BTC. Being actually Visa would be even better, but one thing at a time.

Despite what some have said, it's not that Bitcoin settles slower than credit cards, it's that it don't have credit cards. Credit cards make a near instant transaction LEDGER, but settle days to weeks later. Bitcoin could easily have such a system, and it would or at least could settle inside of an hour. When that comes about, the value will likely skyrocket, and 5k will be chickenfeed.

Another wildcard is California voting to make bitcoin a form of legal tender. Cali can break or boost anything. That culture has a lock on bizarre.

I"m with smoothie on this prediction, all it takes is approx 4x - 6x Market cap growth for us to reach $4000-$5000 range. It's still a lot of money but i'm pretty sure wall street will get us there.

LiteCoin will follow and grow to $200+ Levels

Always use escrow.  I'd like to volunteer.  Please send over girlfriend so I can hang on to her till bet is resolved.

The 'number of unique bitcoin addresses used daily' is at a new all time high on a 30-day average.

https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=all&show_header=true&daysAverageString=1&scale=0&address=

Honestly what the fuck would they know about crypto

...we have had only about 1-2% mainstream acceptance...everyday we get more and more as the layers of the onion are exposed

When we see bitcoin mining rigs on late night tv then we are starting to hit a sturation point .....aka Ostrich farming

Also coming from a finance background the establishment want us to fail ...as we are not under their control ...in a way this gives us all the oppurtunity to make some profit b4 the big guys come in with 500 million and blow us out of the water

I have known smoothie since my day 10 in crypto and one thing that I know 100%.... is that he is right 9 times out of 10 ..I think he was born with a private key embeded in his skin ..he knows this market very well

Personally i am in the process of getting all of my 401k and creating an investment company to invest in btc

I have been through 2 end of year cycles now and they are always so awesome ..it makes u happy to be alive :D

Or you're gay and want to get rid of your hot GF :P

BTC will reach 600 before 31dec 2014
Is she mine now?

I would say 10K USD / BTC.
But LTC will still see higher returns.

I expect LTC/BTC ratio to touch 0.1 atleast once under 2014.

I think 5000$ are possible. It depends on the news(= adoption fpr good news). There will be no technical problems, and the problems with exchanges will lose impact. The biggest rsik factors are the goverment regulations and people losing coins through scam or hacking.


I am not sure about that. Litecoin has a big community and reputation. But only little innovation over Bitcoin. Otherwise Dogecoin has no innovations and just behind PPC.

How are the chances, that another altcoin becomes the #2 with >5% of Bitcoins market cap?

I doubt it but we will see :)

I wouldn't be surprised to see 5k a coin if:

- winklevoss ETF is approved
- US government approves BTC as some type of legal tender
- Wider adoption (specifically sites like amazon google facebook etc...)
- 5% of the worlds population uses it.

Go on... ::)

Sorry, somehow I managed to post before i was done....

I think 1% would take BTC to $50,000 easily. 5% is huge.

Very true....perhaps 5% of the US population.

5 percent of the population... That's huge. If it gets there, I think 50k would be more realistic. You're talking like the entire popluation of the Americas there...


EDIT. I got beat :)

Careful.

Smoothie carefully said "would touch $5000 before..."

Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year :)  Technically...

As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.

Every day that goes by:  more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.

If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.

-B-

lol Yes and pigs fly for 0.0000001 seconds when they jump.

Over the next 10 months I can see the price touching $5000 but I doubt it would go to $200 shortly thereafter.

I would think they'd fly a bit longer than that... And when they suit up and get in helicopters. Oh, wait, you meant actual pigs. Or did you :D

Anyway, on a slightly more serious note, do you base your prediction on anything in particular, or just guts? FWIW, I think you'll likely be right, based on trends I'm watching AND my gut. Just not willing to commit like you did :)

Well, if you're talking about commitment, he isn't the one willing to bet his girlfriend on it...  ;D

LOL

It's hard to explain why I made the prediction(s) I made.

I'm not always right but seems like I've been quite right recently.

Once you get a "pulse" on a market you keep up to date on it and then you own it.

Others who have done well will say the same thing. A lot of it has to do with gauging sentiment and that is not a straight forward metric to be put into a simple explanation.

Fair enough. I can see some measurable trends, but the ones that are currently "wildcards" seem the most likely to push it up. And there are several. Destabilizing fiat currencies being one of them, wider adoption of bitcoin evolving as we look on, these are good for a modest rise. I think a good POS payment system is the one that will break the cycle seriously upwards, and I think it's coming. I don't have any information on that, it's just such an obvious step.

Seems a bit too conservative given bitcoin's track record for these types of posts... 2013 was a 6000% year, I think 2014 can be a 2000% year at least.

$16 000!

With the current 300%/day climbrate at GOX we'll be at >$5000 in 3 days.
Looking at it from the $220/day point of view we'll be there in 21 days.

TO DA MOON!!! :o  ;)

I don't understand why people are panicking this badly.

So far, Bitcoin has roughly followed previous patterns. Drop to 500 or even around 400 or 300 will fit the pattern exactly, followed by 8x to 10x bubble rise in another 9 months or so.

Of course, we have greater variables now with regulations and crackdowns as well as more public exposure and media attention.

For all such new unknowns, crypto and bitcoin specifically is following a remarkably steady and regular pattern similar to the past.

I believe a plunge down to around 500, followed by prolonged period of sideway movement along that line, with rise up to 5000 and even 6000 by the end of this year, followed by another plunge to 2500-3000 followed by rise to 15,000 and above is not out of the question, excluding every country on earth officially banning crypto.

Some regulations and official attention may even bolster the market for a while as really big players and investors seriously get into the game - right now the volatility is keeping serious money away due to fear of complete anarchy and lack of financial security that is crypto 'market's.