Bitcoin Forum

How much do you think a bit coin could cost in 3 years from now? I know is difficult to say but I would like too hear what you think.

Regards

A lot more than right now...i'm hoping.

Between 0 and 10 thousand USD

Most likely 3 digits, 100-999

Depends on Bitcoin demand

Lets just hope it rises.

my guestimate...

It must rise to keep up as the process powers go up and cost more to mint the coins

the real question is...will people still be talking about Bitcoin in 3 years from now?

Yes lets hope it rises. but i think bitcoin will keep rising and will probally reach 500$- 1000$ in the years to come. the more people adopting it and using the currency and the constant rise lately it cant be that far away

A LOT, because there is no alternative and the base concept is great and there is a demand.

There is no alternative?? how about litecoins, or Ripples, or any other web currency that may come out ???

I think you're right.  With the success that bitcoins have been seeing, you can guarantee that there will bit other alternatives like litecoin where people might try and just on the bandwagon so they don't 'miss out' on whats happened with BTC over the last year.

I'd rather invest $10 now in some alternative in hopes it gets big, then miss out.

i would say 1000$ , ;D

as economist and stock trader's say there is nothing worse than try to predict exchange rates.

see this

year 2009  0.001
year 2010  0.025
year 2011  0.5
year 2012  10
year 2013  200
year 2014  4,000
year 2015  80,000
year 2016  1,600,000


it will grow 20x every year

Difficult to say, i estimate that market cap of BTC in 3 years will be around 30 BIL, so that would make price of 1 coin equivalent of about 2500 usd

That would be fantastic but i think about 2-3k USD

IMHO:
There will be no USD  ;D  ::)
If seriously, we should understand, in future we will use  mBTC and uBTC.
So, IMO in 2014 1 mbtc(0.001BTC) = 1 usd. It's very realistic, cos '1 bitcoin = 1000 dollars looks insane'

I might wait to 2025 and buy island with my requested mBTC from free faucets  ;D

Seriously this wont happen obviously

I hope it rises but I'm afraid it may be a victim of trading platforms failure or some sort of a hacking problem. April's fall in price was caused but DDOS attacks and general people's panic. Surely the same will happen again, and quite possible not just once

$10,000 would be my guess... 3 years is really long and don't forget about the halve for miners.. :)

Nobody can predict the future but if we think that Amazon has a ~15 billion USD volume/ year, I find it more than reasonable to approximate with that.
so I would guess that ~15 million BTC equals 15 bilion USD so 1 BTC equals 1000 USD.

This assuming that all the BTCs will be in continous trading and not kept somewhere. If we consider only half of the coins will be used for trading, it means 1 BTC ~ 2000 USD.

Logically speaking, I find it very likely 1-2 year(s) from now, BTC to have this value.

Nobody though can calculate the mass hysteria of investors having their funds chased for (to be read as being robbed) as in Cyprus example.

I think any event threatening the security of financial markets will lead to a BTC price increase.

To sum up, it is impossible to predict a price, but 2 years from now, 2000USD/BTC i find it very very likely.

All the best to all of you!

1oz gold :)

Around $280 or more

$100.  Can see it getting to $10k, but think the price will stabilize about $100.

it should be way more the bitcoin grew in the last months extrem, its already on 220$ right now.. imagine in 3 years

Well, maybe it might suddenly burst and go down in value like last time when bitcoin hit $260

Eventually it will stabilize somewhere around 200$, this will happen when the other cryptos get more integrated the way BTC is now more and more accepted and integrated.. If the price for 1 BTC is to high people go search for alternatives

Bitcoin is unique because of it's community. Everyone who has one, has an invested interest in it. It's like everyone is a share holder. Because of that, no one's going to be happy with just letting it 'sit around 200'. The average Joe bitcoin owner will always be thinking of new ways to promote it, exchange it, or integrate it with something. It will probably be volatile for many years, but I think it will definitely reach 4 figures per coin after 3 years.

Anyone got the Bitcoin, Paypal, WU and Gold comparison image to hand?

Maybe a thousand dollar or more?

That will be great! ;)

I think answer is yes :)

And this is just one company. If Bitcoin is adopted much more, only the sky is the limit. I believe Bitcoin price equeals to adoption

Inputs.io hacks does provide an launch of making the price going down on Bitcoin today :(
But I'm sure we hit 300$ before the end of year.

I dont believe this, all stolen funds are going back to user ballances from TradeFortress pocket.

So no inpact on trustworthy for Inputs.io

You people are overly optimistic. It is incredibly difficult to transact between BTC and fiat and that's whats holding it back, nobody is going to go straight bitcoin, you need ability to convert.

Adoption of bitcoin is also problematic, it cannot possibly compete with Visa/Mc, or even paypal/wu at this point.

this will be the biggest problem to solve, becoming accepted method of transactions.

or some kind of viral-like meme that just convinces everyone its an eternal store of value. not very likely, as network miners must be rewarded, and they are now losing money.

Nobody knows.
But i hope bitcoin will worth much more.

After paying electricity cost , ASIC devices still generating BTCs

It was mistake to buy over expensive units in first place, these will never pay back.  I will wait for the cheap ones  ;)

There are several alternatives some even using the same algorithm as bitcoins..

Alt-coins are fake, cos Bitcoin have one SPECIAL SPECIAL SECRET that nobody knows for now. But you can turn on your fantasy, throw away 'mind', and imagine:
https://en.wikipedia.org/wiki/Message_From_Earth
And in just 1 year we got BITCOIN, that is factually GIANT HUGE ENCRYPTED MESSAGE, and someone pays money for DECRYPTION, right ?
I'm not crazy, but concept of Bitcoin looks like something really fantastic, it opens door to true Technical Progress, so maybe 'they' just waiting till 'mokeyz' reach higher level, and then come to us ? I think in whole Universe so much unknowed, we even dont know actually what is on the deep of ocean (https://en.wikipedia.org/wiki/Deep_sea_fish) - and we even can't imagine what is Deep Space (like Deep Web, where we can hire hitman or buy drugs, human slaves etc, but also can find something beautiful, like Bitcoin).. IMO, there are no 'humandois' in seemed future, just people from another planet, that want to help us reach some higher level, and keep the Planet in good mood..

I'd guess 500$, but really, who know?

$1,100

And you can make yourselves thousands more alternative coins.

But what really matters is the number of people using the coin - so clearly there is no alternative to Bitcoin

Of course nobody can guess.  Catastrophes happen sometimes, that is a fact of life.  Sometimes catastrophes can have other consequences, such as if a failing currency in Greece, Argentina, China, or even the USA causes millions of people to flee government currencies in exchange for bitcoin.

I can see Bitcoin being easily worth the equivalent of thousands of US dollars, maybe even tens of thousands.  But, it could also go to Zero or maybe have some value as a simple collectors item as an experiment that didn't quite pan out.

In other words, don't bet the farm on bitcoin but it is wise to acquire a few coins just to be in on the game and see where it goes.  It is an interesting ride to be sure.

i wonder what percent of bitcoins have been lost and what percent have been mined but never been transacted if that makes sense

Between 1000 and 3000 USD

http://coinometrics.com/bitcoin/btix

Thanks mate

lets hope around a thousand stock up now :D

It really could go either way. Something catastrophic could happen. such as someone cracking the hash and BTC will be worthless.

On the other hand, most people believe the hash is quite safe and the price could just rise and rise.

Estimated around 10% last time I read discussin on this matter. I dont belive it has much affect on price thoug, max 10% higher now I guess

It's effectively difficult to say but the price could be between ~600 and ~10.000

IMHO it will be at the level of $2000-$3000 in that time of course with no proof except just my opinion that the price might continue to grow with the same growth pattern and more stably.