Bitcoin Forum

How high will BTC go in the next bull run, which hopefully will come this year?

There will be a major bubble forming sometime this summer (June/July/August) and will hit $4000 at least.

To those who are about to dig up my past posts,
Yes, I am changing my tune. My crystal ball is showing me new pictures.

What did your crystal ball show you before?  ;D

My crystal ball had a flat line all through 2014 until this morning. I did a double take when I saw it. The ball has collected much hair over the years due to static, so sometimes it's hard to see through. But I can see the purple and pink lines that are indicating a major bubble in about 3 month's time.

His book-talking of being short  ;)

A major caveat:

ALL my past predictions had been WRONG!!!

I advise you to do the EXACT opposite of my predictions!!!

You've been warned.

You know that you are in hot water when people in this community are using crystal balls and "Astrobirth??" charts to determine the future price of BTC. I can't say, for sure, but I swear that I also saw a Nigerian 419 Scammer here too. Wow, all new lows! 4k is absurd...no way!  

This silliness is nothing new... Go read some posts from 2011, it's really quite enlightening. Same old, same old.

(along with people telling others they are fools to buy at $15 and Bitcoin is going down)

The bulls already ran, straight off a cliff. Nothing left to do now but sit around, and jerk each other off trying to predict a future that will never materialize.

The price has been stagnant for the last few days with not much development being announced. That, coupled with the bad news from gox, points to a downtrend for the short-term.

It will go 2731.03 USD, then crash to 743.57 USD >>> that will be the best buy moment since tomorrow.

A lot depends on when the next bull run will happen. For a bull run in 2014 or early 2015 I would say between 10,000 and 200,000 for the BTC/USD rate, with the lower part of the range for an early bull run and the higher part of the range for a later bull run.

There has been two great news today: http://www.coindesk.com/vault-satoshi-announces-proof-solvency-service/ (http://www.coindesk.com/vault-satoshi-announces-proof-solvency-service/) and http://www.coindesk.com/europes-first-bitcoin-centre-open-france/ (http://www.coindesk.com/europes-first-bitcoin-centre-open-france/)

I think that the next bull run in 2015 drives price from e.g. 50 USD to 150-200 USD ;) Now, the market tends to despair time...

That is not a bull run, that is a bear market correction. Kind of like the August 2012 peak of of just over 15 USD.

200k in a year or less is absurd. Sounds more like a 2017 or later thing to me.

Fly me to the moon! Let's ascend with style ^^

http://www.youtube.com/watch?v=5VXieTCqWzc

Yes, $200,000 in the next year seems pretty much impossible, but I'll be very happy to be proved wrong :) $50,000 would enough for me  ;D

Not until we discover actual physical bitcoins ;D

http://www.kitguru.net/wp-content/uploads/2013/04/bitcoins.jpg

ArticMine, I presume you were joking?

Pessimistically I'd say $2K
Based on trendline on log chart $8K

Let's hope for the latter. It wouldn't supprise me if we do an $8K ATH and then fall back to $2K.

https://bitcointalk.org/index.php?topic=537916.0

a few thousands within a year and 4digits within 2years

I just happen to remember that just 18 months ago a similar comment would have been made if someone said 1100 for BTC/USD. And someone saying 1 for BTC/USD 4 years ago would have sounded even more insane.

I sure hope you're right anyway :)

I'm just going to throw out $2500 as the peak for the next bull run. Something in me feels like the logarithmic rise isn't going to hold this time around unfortunately. But hey, $2500 will put the BTC market cap at over $30B. Not too shabby right? Especially considering how many people are in the crypto-currency realm.

Although, I wouldn't be surprised if in the next 2-3 years the cap breaks the $100B mark.

If we can get past this constant stream of bad news and the second market or winkelvoss fund shows up then I see no reason we can't go back to 1000 USD this year.

There is possibility next bull run will be as high as $250, starting from under $100  :D

Or maybe 5 digits, who knows  :)

I'm going to "outbid" you by a bit.
The next big up move should peak at $3,400 or up to $4,998.
Based on the past, I could be highly correct and still sell way too early.

so many people watching bitcoin like hawks. this is not going to pass ATHs without causing an ugly mess to the upside. a sequence of 5 is too much for speculators to ignore.

Oh really!?

And which nations tech savvy money movers are going to panic buy Bitcoin this time around? You have any inside knowledge on a political situation in some tin pot nation that we need to know about?

Or this all going to be speculation and increased adoption?


a sequence of 5?

...going to be speculation and increased adoption?
The world has a tremendous need for what BTC offers:
Low transaction fees, especially on huge amounts
Global usage
Micro-payments (currently alts offer the lowest transaction fees)
Limited supply/No central source of unlimited inflation

The previous all time highs:
~$32.50
~$257
~$1150 to ~$1225

Once BTC final gets moving, it doesn't like to stop.  :)

$5,000-$20,000

Get ready.

Fair enough. I personally don't think pushing a cap over $50B is too far-fetched. Although, I don't know if there are too many people that follow your sentiment (as a response you already gotten hints at). I'll be honest, I like the sound of it hitting higher than I said, but just based on the ATH upswings having gone ~13x, then ~7x, then ~4.5x, ~2.5x "feels" right.

Fortunately, I've done fairly well the last two run ups, and fortunately I hadn't sold way too early. Of course though, I've also sold at stupid times too. (I guess selling at $240 last April and $1050 in November offsets selling a bunch last August for $100. Ha! In my defense, I did it to make the person who I thought was the love of my life happy so yeah...)

LOL,
check it, go down, BEAR

At least $350,000 by September

nice thought Blatchcorn  ;D

No problem :)

I presume you're not serious; if you are, I'm a millionaire  :)

It depends on how easy it is to buy and store bitcoins when the next bull run begins. 

If the next bull run starts in May, then not too high. 

If the next bull run starts just before the Winklevoss ETF goes live, and if thousands of bitcoin ATMs are deployed and operating across the world, and if we have improved wallet technology to secure our private keys, then I think we could see the biggest bull run in bitcoin's history. 

It already feels like "it's taking too long", but your wisdom is correct.
BTC still has some more growing up to do.

It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.

Just giving back to the community :)

Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed.

ya.ya.yo!

A sideway trend with low volatility is boring, but can be really healthy long-term.

When has Bitcoin hovered around any number for a year or more?  I think the odd of that happening are pretty low. ;)

I remember it happening for about that long in 2011/2012. You were probably being rhetorical, though.

Hey.  Honest question.  Honest answer.  Thanks for that.

I would bet it will not hover around 400-500 for 3months, it was at 350 a few weeks ago, remember? If it was at 3000$ for 2weeks you would say it is going to hover between 2900 and 3100 for another year or more


The price volatility has been excellent for Bitcoin because it has attracted a lot of people that want to profit from it + it is fun like you said

BTC was in the ~$5 to $7 range for a long time after the low of $1.9998.
I don't remember exactly how long.

I guess it could happen.  But we have more "players in the game" now.  I would think it would be harder now than it was then to plateau for so long.  Plus we have some big "players" entering the field in a few months, so it appears.

at about $4000 we'll be like woah thats mental it can't keep going up, but it'll keep going then at $12000 we'll be going holy shit its gonna go to $200000 but then it will collapse down to about $6000 and we'll be going shit its the end of bitcoins its going down to $0 but then it'll stablise about $5000 for about half ayear and stuff then it will happen again at higher level. Booms will keep going for a while yet

Bitcoin will still be hard to use for non-IT people, it does not matter what kind of security measure you have setup, as long as people don't understand how private key works (which is the most difficult part), they will get hacked sooner or later

The hope is on professional services. Experienced bitcoiner can become tomorrow's bitcoin fund manager, many bitcoiners will become private fund manager for their relatives and friends

Price can go very high, there are trillions of dollars that commercial banks stored at Federal reserve right now (because of large inflow of QE money), they just need one green signal to flood the exchanges

Daily inflow of fiat money decide exchange rate, daily coin supply is about 5000 coins, if daily inflow of fiat money worldwide is 5 million dollars, then the exchange rate will be $1000

1 trillion dollars of QE money is able to maintain 1000 days of money inflow at a rate of 1 billion dollars per day, that will keep the exchange rate at $200K for almost 3 years 8)

OK, sounds great.
What happens after $200K/BTC for almost 3 years?

If this ends up being a 2011-like bear market, then the next bull run may not set new ATHs, but may be a recovery rally, perhaps from $200 to $500. Then 8 months later another recovery rally to $900, Then 8 months after that, a rally that breaks ATH.

I'm gonna go with 1500 - 1700 $  it just seems like a safe bet to me.  I can see it going higher but I don't have any real reason for this.  If there is more growth among users then I could be way off and I hope I will be.

And pigs may fly.... bitcoin waiting around for the ~ 2 years that you talk about ...

3 months is a long long time in crypto

This is one of the elements that contributes to the powerful "bubble" nature of Bitcoin - it acts as a barrier to entry which actually gives speculators plenty of time to get on board the train (something many only see with hindsight).

I think the next high will be around $3,600, sometime before the end of the year.

What do you think will cause the next spike?

$6,000 per BTC . Easily

I think that the pattern seen with Bitcoin so far is not fundamentally based on particular "saviour" events coming along and causing massive spikes; it is more a case of the cumulative effect of people hearing about, learning about, and joining the ecosystem. The relatively complicated nature of Bitcoin technology, the host of associated security problems (ironically none of them really to do with the Bitcoin protocol itself), etc. make for an extremely extended and slow adoption rate, even though this is enough still to result in massive price increases.

As the positive feedback loop strengthens enough to push the uptrend, any news that happens to be around at the time and loosly fits the bill can get picked up on as "the" cause of the spike. Look back at Bitcoin history. People say one of the previous spikes was caused by people in Cyprus investing in Bitcoin. That's nonsense.

But anyway, to answer your question without being too pedantic, I think simple adoption will cause the next spike, and that most of it may come, on this occasion, from good old America!

Hmm... next bull run I would be looking at 1,800-2,200 area.

The past is not always a perfect predictor of the future. If it would be then the term "speculation" would not exist. You have to acknowledge the fact that with each increase in price further increases of comparable magnitude are harder to achieve because a lot more capital is needed.

We are in the billions already. It's possible for Bitcoin to rise much higher however it will do so at an overall reduced velocity.

ya.ya.yo!

next peak will be either in 2014 around 4500 or - if it happens in 2015 it will rise to 8500.

http://www.coindesk.com/xapo-launches-bitcoin-debit-card-accepted-at-all-mastercard-locations/

After reading this I'm pretty excited.

Yes, sounds good, I hope it boosts the number of bitcoin users.

Wow an other bullish news in a kind of bearish market, bearish short term but bullish long term