Bitcoin Forum

Forget the $1m & $100,000 predictions, when will bitcoin hit $10,000 (if ever)?

It'll definitely be before $100k

after we hit 9,000$

seriously  ;D

Soonish.

Some people think it could reach that on the next bubble, so July or August maybe?

I think it will probably take two more "bubbles" to get there but with Bitcoin nothing seems impossible!

Once the ETF opens next year, $10,000 will be considered "cheap coins" around here and we'll look back nostalgically at the days of $450.

Of course, by then, everyone will be denominating their holdings in millibitcoin. By sometime next year, it will be a dream for most investors to obtain 1,000 millibitcoin.

give me a second...counting toothpicks....2016...yes, definitely 2016  ;D

http://www.marcojacobs.nl/wp-content/uploads/2012/07/Rain-Man-toothpicks-on-the-floor.jpeg

Really? I thought they built it overnight?  ;D

The logistic adoption trend line provided by my model of bitcoin adoption passes through $10000 on February 25, 2015.

If the next bubble happens this summer as some observers project from simple assumptions, then I expect a peak at $6000, falling to $3000 in the bubble collapse during this fall. Therefore, I believe that the bitcoin price will exceed $10000 two bubbles from now, and that this year is the last one in which bitcoin may be easily purchased for less than $1000.

https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c (https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c)

Maybe after the next block reward reduction, but even that requires some hope of broad acceptance which keeps getting hurt by events.

May 2015

Sigh... c'mon people! The answer is easy! Well, it's easy in 2 parts:

1) Not soon enough.
2) (After hitting $10,000) Never again.

Sigh... Now was that so hard? ;D

After cheap hardware wallets available.

About 2 years minimum

However long it may take for some its just 'too damn long'  ;D

cheap hardware wallets mean $50k 8)

I'm hoping by the end of this month

I think in less than one year. I wonder who are these insane who think it would reach $100,000???
What makes you think so ?? beyond a reasonable

Hopefully $10k is many years away.  I say this as I'm interested in the long term health and viability of bitcoin.  If we continue to act like thousands of percent of growth in a year is normal we just look like massive pump and dump merchants looking for a sucker.

If bitcoin continues to appreciate in value like mad, why would you, or anyone else, ever spend one?  As soon as you get your hands on a bitcoin you're going to hold on to it for dear life as it's going to buy ten times more goods in a year's time.  This is not normal or healthy.

That would have to be dream.

I rather be rich now than "many years away"... speak for yourself

Every time btc experiences a huge spike unlike any other investment, that's when it gets the most positive media attention and that's when new money jumps in. Using bitcoin as day-to-day currency doesn't have to be the #1 application. It can be a store of wealth, investment, a portal to transfer money, etc. Merchants automatically adjust prices to current dollar value and sell bitcoins immediately so it doesn't really matter. Take your steady, boring growth attitude back to the stock market if you want to wait 5 years to see a 10% profit

it probably never hits 10k in our life time. WHen nobody expected it at $100 it got there. WHen everybody anticipating 10k  it  will never get there, works other way around

There were plenty of people that thought it would get to $100 or $1000 or even $10,000 or more even a year or two ago. 

nooo...everybody thinks it gets to 10k because twins say so...it started then

I don't understand why you act so certain about something like this. How would you even begin to believe you can speak for everybody.

Check this thread out (and then check the timestamps):
https://bitcointalk.org/index.php?topic=22619.0

In 2011 someone said this:
Darn.  We are a little slow!  ;D

Nothing like bitcoin has existed before! How do you know what is normal and what is not?

Your point about pump and dump is correct - yet there is not much that we can do about it.

If the Bitcoin Economy follows the classical S-Curve model of technology adoption, the sort of exponential grow we have seen in the past four years will continue at the same sort of exponential growth until the half-way point of adoption. After that point, exponential growth will rapidly decline.

But how many more years will it take to reach the halfway point of adoption? I believe that we are three or four years away at least.

There is plenty of time left for more bitcoin price bubbles.

10k+ bitcoin means it used instead of visa, paypal. Will this happen? . Huge argument against 10k is that it would make me multimillionaire. Do you really think multimillionaires sound like me?

In the 4th quarter of this year Second Market has already announced that they will be introducing a fund that will get some major players on Wall Street involved.  Bitcoin will not need to take over Visa and Paypal for millions of dollars to be invested.  This should easily propel the price of bitcoin up by several thousand, if not $10,000.

But if you don't believe in Bitcoin getting to that point feel free to sell whenever you want. ;)

I am afraid Mtgox was artificially inflating the price. So maybe we won't see 1000-2000 for a relatively long time.

Best regards,
ilpirata79

Same thought. Would be too easy for some people to get multimillionaires. And Satoshi would have what, greatest wealth all-time? But that's not a an argument for which BTC can never be 10,000 usd. It will never be because we already are saturated. Many many people learn about bitcoin each day but very very few buy. Bitcoin is niche.

I don't know what ETF/ SecondMarket is. But I do know that there is no place of "financial businesses" in Bitcoin world. No investments, no derivatives, nothing else than buyers and sellers of good or services. No even exchanges.

So 2000 = never.

People are not buying right now because they are nervous about it. The price dropped so rapidly, just like after it did last April, that it will take some time to recover from that.  But once people start buying again there are more players in the "game" so to speak than the last run in November.  It will sky rocket again and this time to new heights.  People will throw money in so fast it will make our heads spin.  It will be insane.  Just wait.

March 6th. 2015 at exactly 2:12GMT.

Does that make you feel better.  :)

I understand this is what you want, but not going to happen. Or, to be explicit, we can have a few bubbles, maybe some ATHs but all less than 2000.

better?
http://www.picturesof.net/_images_300/A_Cartoon_Man_with_His_Head_Spinning_Royalty_Free_Clipart_Picture_100509-137647-604053.jpg

Couldn't you have at least found a picture of a head spinning?  ;)

It will happen when the dollar is worth 20 times less than it is at this exact second.

- Gox surprises everyone with a revival under new management. Investors buy the company and lots of cheap BTC, then pay everyone off 100%

- IRS ruling is overturned because it is impractical and this Texas senators bill passes

- China news turns out as FUD, more regulation but no ban

- Wall street money is pouring in

Then all we need is a "bank holiday" of some sort or a similar event, maybe a Japanese bank this time, they are ripe. $10K is as likely as zero.  :)

This sounds very likely. I'm gonna go put all my eggs in this basket

 :D :D :D

Ah excellent my prophecy is starting to become true, first bullet point: CHECK

http://www.coindesk.com/investor-group-offers-buy-mt-gox-one-bitcoin/

Sure, cheap coins make it possible. 20% reimbursement immediately, rest over time, pretty close to what I suggested.  ;D

I WILL PAY 1.5 BITCOINS FOR GOX

BEAT THAT

the offer is for a company that is 500 000 coins under water; it is a symbolic price really; but it is a great sign to the community!

Like I said, I will one up this to 1.5 bitcoins

Back to the title. I predict the middle of the summer

Which one?

meh, 40% this one 80% next one. (30 percent chance it goes up to 10,000 this summer and drops to 10,000 next summer.

That would be awesome though.

You need a goddamn reality check if you really believe that. Who will lift Bitcoin to 10k? Who will even lift it out of this misery?

Who lifted it from $100 to $1200 in November?  We have more people involved now so it could go to 10K with a little hype.  I wouldn't write it off as impossible.

the deeper the correction, the broader the base. the broader the base, the bigger the log function. It may take some time to get back on it's feet, but 10k < 1 year I say YES.

We need less hype and more practical application of the Bitcoin protocol. BTC would have a market cap of over $125 Billion if it reached a value of $10,000 per coin right now.

In the words of Josh - Soon™

Lol, 2 more weeks ;)

Bullet point 3 still processing but looking better

http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/

Bullet point 4 is processing quickly

http://www.coindesk.com/secondmarket-to-launch-institutional-level-bitcoin-exchange/