Bitcoin Forum

With the rapid adaption of Bitcoin i do believe that price would still recover to 900-1200USD by the end of 2014 and an an continuous upward trend by 2015.

Change is the only constant thing in this world, Bitcoin and digital currencies is the answer to our Digital age.  ;D

I think we will do well to touch $1000 by the end of the year
I am far more optimistic for 2015

There will be high possibility to climb back to the peak of 2013 if China and other countries cancel their restriction to BTC. I think it isn't long before they will realize the benefit the new technology will bring to us.

I think at least 1000$, I wouldn't say it would get much higher than that though.

Bitcoin price was unaffected by Dell Announcement, it is a sign of a long term stability.
More bitcoin adoption means more price stability. $600-650$, no more in 2015 I hope.

This thread should be in speculation subforum, btw in my opinion we are close to the end of this
stagnation period and soon we will see a new rally: my prediction is 1500$ before 2015.

http://s1.directupload.net/images/140723/9yd6jf2f.png (http://www.directupload.net)

Hopefully it will close the year above 1200$

Higher adoption is usually the result of stable prices, not the other way around. 

$700-$800.

Price seems to have stabilized, but might head up gradually.

I will also answer with using image :)

as this is the best what I can say ...

http://altoidnerd.files.wordpress.com/2014/02/future-white.png



I am always bullish :)

I think that people still fail to understand potential that bitcoin has as a store of value.
As people slowly start to realise this , price is rising, and when its not, its getting thicker support lines just below current price.
Im guessing we are definetly looking at over 1000$ by end of the year, but there is also a small chance we will stay just below it since 1000$ is kind of a psy.border of some kind to traders.

May be BTC will reach there but your "mathematical proof" isn't making much sense.

If there won't be huge bad news during these months, in my opinion the value will skyrocket before the next year.

This looks like a good year for bitcoin with big companies starting to accept it like dell, so i expect it to hit more than 1100$ by the end of the year.

I just sew reports that soon Amazon will accept Bitcoin.
Already some other great companies accepting Bitcoin like Dell.
I think as this list grow and bitcoin becoming more and more mainstream, price will surely go up, it's just question when this will happen, no if will happen.
maybe I'm little optimistic here but i guess that bitcoin hit $ 1000 by the end of year :)

Amazon accepting bitcoin is massive because pretty much everything is on amazon.

There are a few ways to buy on amazon now with bitcoin, although it is risky for the seller.

I see that majority of people here are optimistic: 46% believe it would be $1200 or over :-)
The fact is, nobody knows.

I think $850 - $950, and the price still stable  ;D


optimistic is good, and only god is know  ;D


Maybe only 1/3 (about $1600)

You forgot to add the disclaimer that past performance isn't indicative or a predictor of future results.

Like most others participating in this thread, I am just guessing; however, I get the sense that once bitcoin passes $850 again, then prices are going to be upward and onward to the new ATH between $3k and $5k.   I just remain doubtful concerning how long it is going to take to get to and to surpass $850.... whether before the end of this year or by early next year. 

I am most inclined to think that prices will stay in the $600 to $650 range for a few more weeks.  Then prices will bounce into the $700s, and maybe drift up towards $850 for several more months.  Accordingly, prices will likely go past $850 into the $3k to $5k range either this year or by no later than early 2015... but the longer that we have to wait  for the rocket, the higher the BTC price rocket will go.

Sorry, but there is only 1 correct question for question like this:

http://blog.mainstreethost.com/wp-content/uploads/2012/08/Dr.-Evil-One-Million-Dollars.png

It's funny when people write 'I'm just guessing but I think...' followed by a list of very specific price moves with zero rationale, support, or logic to back up their assumptions.

This poll is useful, it's great to see people optomistic. The posts should talk about how we spread the use of Bitcoin. If each of us introduced one new person to it, how much growth would we see?

Came here to say more or less this...China can potentially play an incredibly strong role in sending bitcoin moonward in 2014, as was already shown in 2013.  For what it's worth, they have the #2 highest GDP in the world.  Clearly, many Chinese enjoyed Bitcoin for a short while.  However, the ripple effects of so many Chinese people in the Bitcoin market have not ever been realized.  The price could easily soar if restrictions are eased in China, otherwise I think we will see a generally steady price with gradual increases.

Any new thoughts given the price drop today?

This drop could be have triggered by the new big companies like Dell Newegg etc because maybe
they are cashing out all the bitcoins earned in these first days of commerce.

What is so funny about that?  Posters on this bitcoin talk form do such all the time - sometimes reasons are stated and sometimes NOT.  In my thinking specifics are better than a mere assertion of an amount without a date or without any other specifics.

Also, in my thinking, the reason that posters have to state that they do NOT know is mainly for reasons that the poster is likely NOT a whale who can manipulate the direction of bitcoin - whales have some control over the direction of bitcoin, but likely only for short periods of time.

I stick with my yesterday prediction at the top of this page (https://bitcointalk.org/index.php?topic=707004.msg7998839#msg7998839), except I will modify the lower amount of fluctuation to $550 to $650 - and that BTC may stay in this price range for about a month before moving up to the $700 to $850 range at the end of the year and then the $3k to $5k bubble thereafter, by no later than early 2015.

I'm probably being really optimistic, but I think Bitcoin will be worth around $950, if not $1000. But I'm looking at 2015 as the year of opportunity.

I expect about $200-300 increases as time progresses, but don't quote me. I'd expect increases to go slowly at first, and increase in speed until we reach a fairly high point in value.

I eagerly await to see what will happen to Bitcoin!

yes I've experienced an increase in the end of each year.

but I do not know if the end of this year will rise to $ 1000 again?

yes we wait, hopefully up :)

I'll be satisfied if it grows to 700$, all that matters is a steady growth in my opinion. Then there is more trust in BTC and more growth.

$800-$1000 would be my educated guess and hopefully it will come true to even exceed my prediction.

Predicting the value Bitcoin is the worst way to waste your time.

Most of the people here spending their time on the forums believe that the value of Bitcoin will rise and will be worth something in the long run. However , short term speculation is useless.

The price of a single bitcoin depends mainly on what happens to Bitcoin businesses.

Unless you are John Donahoe and you decide that from tomorrow Paypal is going to accept Bitcoin , or any other huge business deciding to accept Bitcoin , you have no power in prediction.

You may flaunt your ability to predict the value of other commodities , but Bitcoin is much more volatile and even more heavily affected by public perception.

I believe that Bitcoin will stay at 650$ for as long as it takes for either , a big business to accept Bitcoin or a huge spike in awareness.

Factors that affects Bitcoin price

Supply of bitcoins increases over time, as determined by the rules in the software which is run by the majority of miners, and increases regularly over time, in decreasing increments. It can also decrease when people lose access to the private keys which are needed to spend bitcoins.

The demand is driven by a variety of factors:
Bitcoin's utility as a flexible medium of exchange, with low transaction costs, efficient micropayments, little effective regulation, ease of becoming a merchant, pseudonymous accounts, and a worldwide market.

Impediments to the bitcoin economy caused by the friction and inconvenience of using bitcoins due to idiosyncratic software, difficulties obtaining bitcoins, relative lack of people who have bitcoins to spend, the risks of a new experimental currency, lack of understanding, etc.

Demand from new users, derived from recent publicity or new uses.

Speculation as to the future of bitcoins as an investment, over the long-term as well as the short term

Competition from related transactional or investment options such as Paypal, gold, etc.

Update Note that as long at the overall exchange market is relatively small, the market price can be manipulated by sufficiently well-funded investors who can expand the supply of available bitcoins, or increase demand, to meet their own goals.

Dell isn't a small company but its adoption hasn't changed the buy pressure, on the contrary the value is dropping a little.
There are few business which can give a spark to the bitcoin rocket, but maybe they should be in the top5  in the world to have some positive effect.

Recently, many companies have accepted the BTC. But BTC the price is not too many changes, I feel that a new wave of market to fight.
It is now test your patience.

If there are some B2B transactions in BTC, that can give a huge impetus. Maybe, if dell used this BTC to pay its suppliers, then the bitcoin economy would really take off.

The 2013 spike of Bitcoin price was ignited by the government of Cyprus expropriating deposits in their banks. So if Europe decides on something like this again but on a larger scale now, the Bitcoin price will skyrocket once again. In this case I expect that it will definitely get to the all time highs and above.

it will skyrocket again!

I think we have a shot for modestly higher prices by the end of the year, but I think it pretty much comes down to investment opportunities.  The launching of large investment funds would help.  An ETF could easily spark another rally, but it's hard to know if that will happen before 2015 or not.

I think myself that anything around $1000 sounds about reasonable for the end of this year. 2015 does seem like it could potentially be a better year for bitcoin but as it stands now I do not see it climbing too high for the moment. I personally do not feel though that you can truly predict how much bitcoin will be worth as anything could happen to make the price skyrocket.

I agree that China could play a huge role in another rally if restrictions are eased.  But do you really think that's going to happen?  Maybe eventually, but considering how much the Chinese government likes to control things, I doubt it would anytime in the near future.  If anything, I see regulation getting worse.

Any under-penetrated and large market, like China or India, could spark off the next bitcoin rally.  :)

Still hoping for a over 2000 dollar price range
That said it might only be a mere 1000 but I can live with that  ;)

Don't forget Argentina, they are in a world of trouble right now. I don't think most of them are too tech savvy (due to import laws and taxes), but something like a stellar smart phone app could launch local trade of bitcoins in the country, with or without their governments approval.

Hello,

I think the true value of Bitcoin now, and into the future is not determined by what I would like it to be (As I am A miner :-) .

I think the true vale will be established simply by it's long run utility, and safety.

For strengths I think it is a limited resource and can thus hold real value longer term than other things where the supply can actually increase dramatically over time. I do not mean only money, but other things like Gold, Silver or anything I can produce or dig out of the ground. The supplies of Gold, Silver, Diamonds, etc can increase rapidly over time.

The downside of Bitcoin is basically you can't really use it for anything except speculation. Kind of like gambling. Is it worth $1 or one million dollars ?

The other problem is it's difficulty to use safely for the average non technical person, who can barely turn a computer on or off. I am sorry to say there are Billions of people on planet earth that fit that category.

It is just a dream to expect them to all learn computers, bitcoin wallets, paper wallets, mind wallets, etc.

They can't really grasp that. It is just to hard.

If you hand them a $20 Bill they can firure out that, and can count change. They are fine with that, but not getting an Android phone, setting up a wallet on their phone, buying or earning Bitcoin and somehow getting it on their phone, Finding some store to buy food, and figure out how to pay with their Android Bitcoin wallet.  The first time they send their Bitcoin to a wrong address and it's lost. Their money is gone!

Until you can use Bitcoin as easily as a $20 Bill, it will have a very hard time in the real world.

Please do not get me wrong. A lot of people are going to make a lot of money with Bitcoin. Companies, Miners, App developers, Smart businesses that want their share of Bitcoin, Hedge Funds, Traders, etc, etc, etc.

Just not average people.

I think Bitcoin will end 2014 around $350 to $675. Maybe 2015 $500 to $800 With lot's of up and down along the way.

I think it will close the year around $830 and then jump a bit higher in Jan 2015.
People invest some of that Xmas money.
At the end of the day, its simply a guessing game.

This is really possible lots of shop are adapting now..

I think we will see around $1k by end of 2014

I analysed those price graphs and best conclusion was not price of bitcoin actually rising, but rather price of dollar and general market/economy failure.
At point of $5k per BTC, how much dollars you need to support all those bitcoins? $ 60 billion. How on earth do you even think it is even possible?
Not even in your wildest dreams. My prediction for the end of 2014 is $450- $520. Sorry guys, I'm way too long in this crap, party is over.
I am only guessing- half of "optimists" here are newcomers (February, March? right?) and the other half are guy from late December, who either
lost on bitcoin price swing, shitty mining equipment or failed trading, and try to lure some fresh meat on board to get them into scam and regain lost money.
Prove me wrong. I dare you, I double dare you!


Maybe like 2% max is real supporters who do not have any bitcoins, but support the general idea.



EDIT:

And just to reveal the whole joke about bitcoin:

It will be worth exactly the same. Question you all wanted to ask: how much you wish it to be pumped in price?

YES>>>> keep pumping the message that bitcoins are NOT worth anything... maybe you will be correct, but likely NOT.



Second, you are engaging in faulty logic when you attempt to characterize the financial status or the investment timeline of those people who have invested in bitcoin.  There remains much more diversity in the group than you make out to be... additionally, with some institutional investors and more institutional investors coming on board.  The message is spreading and hopefully you will be sufficiently "in" btc in order to profit from such price appreciation.... if NOT you may have to run after the train in order to jump on at the next station. 

Bitcoin will likely be nearing $850 by the end of the year, and if it surpasses $850, then we will likely be on our way to the next bubble, which is in the $3-5k range.   Such bubble could occur before the end of calendar year 2014 - however, I would NOT be completely thrown off guard if such next bubble did NOT take place until early 2015.

I guess you missed the Bitcoin train and are now giving vent to your anger and disappointment of yourself? Or maybe you are one of those who bought at $1100+ and had to close at $450 (and got really angry)?

Predicting what bitcoin will be worth at the end of this year is not something that is easy however seeing how popular it is becoming now. I would has it a guess that bitcoin may be worth something around the $800 mark by the end of 2014 but with more businesses jumping in to accept bitcoin it could prove a good year in 2015 for the coin to be worth more.

Total market capitalization ($60B with $5k/BTC) is not the amount of money that's been pumped into the market.  It's simply a multiplication of the coin value and coin price, which is useful for little more than comparing with other markets (e.g., market cap of gold, stocks, etc.).  It takes much less to actually move the market.

Also, there are hedge funds out there with hundreds of billions of dollars under management.  If there were enough interest, if a few funds each threw in, say, $10B, you could easily have $60B+ invested in bitcoin.

Can we say that the current bitcoin price is the best predictor of the future price as is the case with other currencies? Has anyone done a serial correlation study or something similar. I saw a quote that daily bitcoin volatility is about 7.6%. So in a year whatever your prediction you should plus or minus 7.6*(365^0.5) percent.

More than $700 in the end of 2014, and i think will reach $1000 again in a middle of 2015.
No body knows, hope the best for bitcoin.

You got part of the answer correct, and that is the current price trend is the best predictor of future price, and in that regard, the price of bitcoin is in NO way at a stable value....    Accordingly, BTC future prices are likely to be going up... up and up... just like they have done in the past, yet maybe NOT

The more likely outcome is that BTC is going to experience between 25% and 800% annual appreciations in price for the next several years...   Maybe in the meantime, there could be some changes or some new and upcoming competitive asset class... but until then BTC is the main game in town.

Implying a floor of zero.  ;)