Bitcoin Forum

Well in 2013 bitcoin just scratched the surface of mainstream adoption and hit $1000 so if it continues to rise in popularity raising to $5000 shouldn't be a problem. Especially considering it raised with 10 000% during 2013 alone.

So yeah, I believe it should go over $5000 this year. You?

100$ in the next 3 months$
Bitcoin is way overpumped.
It will fall hard.

10000$ by end of year

Hahahahahaha, $5000 he says.
Amazing that people are still so delusional to believe this bullshit!
Bubble with pop mid 2014. Back to sub $100 soon.

Nope.

Above 5k

i'll be happy to see it back above 1000

Slow start to the year, but anything can happen.

That being said, I thought that even during last year's $1200 tsunami, that $5000 was still a long ways away. I expect the price to recover and even grow beyond last year's ATH, but $5000 per BTC in 2014 is a long-shot.

disclaimer: My predictions may be "off" by several thousand percent either way.

Yes. 

5000$ a BTC would make Bitcoins around a 62 billion dollar market. That a big difference then going from 1 billion to 10 billion

Yes, no doubt.

$40,000 by the end of this year guaranteed

Phew. I was worried there for a minute.

Would you like to bet some BTC on this?

In July or August.

it will.

is it possible to try to ban straight up trolls, please!! (not OP just fucking lame trolls in general)

correct, except the fact that a large chunck of coins haven't been "moved" and/or stolen.

true market cap is "unknown"

Yes

fonzie? you can just ignore them is all i guess

87% yes.

2-3k I do, easily, not sure about 5k.

quite sure it'll take some time to reach 1k again, but the maybe end of year it'll got straight up!

One million dollars for one bitcoin.

http://static.comicvine.com/uploads/original/0/40/1139064-dr_evil_one_million_dollars.jpeg

No one knows, i'm sure we all think it has that potential or we wouldn't be here. What I believe tho is if bitcoin hasn't died (from a bug or something of the like) in 3/5/10 years from now. The price isn't going to be the same as it is now it will be a whole lot higher i'm sure. I don't think there will be a middle of the road I think its going to be either zero or settle at a price alot higher than we've seen so far.

Agreed, IMHO, Bitcoin will be binary - 1 or 0.

The question that no-one knows the answer to, is whether it will be a 1 or a 0.

I know what we are all hoping for :D

Hoping: yes, but I think it won't be over $5000 by the end of this year.

Much better to invest in another crypto coin, because bitcoin will fall to 10 usd .

I'd be really surprised if we were at $5k by end of the year. I think even ~$2.5k by the end of the year would take some doing. I just hope it gets to $5k even if it takes a few years as that's a number where my holdings would mean i'd never have to work again.

Then again I held quite a large amount of litecoin's since they were $0.40 as I believed they would go up was happy when they went up to $5~ and I thought they would break over $10 and ended up going to $48. so I don't think there's any real way to guess what the price is going to do I like to under expect and then if it blows up its all the nicer.

Not at this rate but I think it's realistic within a couple of years, assuming there are no showstopper problems

Yeah. more worried about the bugs than anything else. I don't believe the encryption will be broken anytime soon and if it was then its a lot bigger problem than just bitcoin.

Quite possible. $2-3,000 with ease.

Above that it's likely to need increasing numbers of legislators, regularish joes and a more refined breed of whale jumping on board if serious traction is to be gained. 

no, it will be slightly above 1K:
http://oi58.tinypic.com/1ys5s4.jpg

nice chart...kudos if you made this.

 ^ This

Top of the 2014 bubble could be 5k, but those prices can only be sustained for a few days. Then we will crash hard to 2k as a return to normal. Bitcoin is a perpetual bubble machine.

Producers ASIC technology will massively to leave the Bitcoin mining,
when mining factor reach red line of 5 cents per Gh at 24h, and there is the beginning of the end.

sellout mining hardware is started;

https://bitcointalk.org/index.php?topic=417159.0;topicseen

https://bitcointalk.org/index.php?topic=170332.0;topicseen

https://bitcointalk.org/index.php?topic=294197.0;topicseen

peak of $5k EASILY

i think we will see a stable price of $5k to but we might see dips down to $3, 4k

Wouldn't be bitcoin if we didn't have a roller coaster of a graph :)

A bubble of 50 k seems more logical, then back to 25k.

100% to 200% growth in one year is totally illogical... 2014 will be booming.

Possible, yes. Likely, no.

I can see BTC at $1000, While LTC at $250 January 2015.. Then a huge spike in 2015.

BTC will only ever reach a level like 5000 if the exchange system is seriously improved. There needs to be a reputable exchange in the United States, that everyday people can use that has the backing of regulation and insurance so that nobody has any fears about using it. Maybe integration with bank accounts like that bank in Africa. Also we'd probably need to see the U.S. federal government come out and officially recognize BTC as legal tender.

Is there any reason to think the exchange system will not be seriously improved?

I agree about the need for insurance. Andreas had some great comments about this on The Bitcoin Group #17.

I disagree about the need for the U.S. government to officialy recognize it as legal tender, which will never happen anyway. Not banning it would be sufficient to allow for continued growth. Banning it would be unconstitutional and the Tea Party would for once do something good and prevent Obama from doing it.

it could get to the 1000 area in an afternoon next week if conditions were right, not that they're likely to be.

i am very intrigued to see what litecoin will do this year. it's possible it'll drown in a sea of alts or perhaps it'll get an economy of its own going.

Gentlemand, Yeah... I can see LTC going either way.. ZipZap said that in their first batch of thousands of ATM's are going to sell BTC/LTC.. This will let people buy LTC easily.

The market is already oversaturated. Practically everyone in the world now owns bitcoins. There is nowhere to go but down.

Much less than 1% of the world owns bitcoins actually

Yup. I can't move for Bitcoin this and Bitcoin that where I am. I got so sick of people giving them to me that I went back to fiat. Everyone laughs at me and says it's a ponzi scheme but I have faith in its future.

Not sure if this guy is serious

yup probably joking but with very serious voice :)

0.014084 % max now

with an increase of 14 million wallets in 2014 we get

0.211267 % ... still nothing

Imagine several percent , the growth potential is enormous

cool data, how do you got to it?
do we have reliable estimate on the current bitcoin users?

We have max 1 million users currently (between 500,000 and 1 million) so 1 million : 7.1 billion

bill gates alone could probably push the price up to $20k-30k lol

creating some wealth for others 8)

yes i see
1 million really is nothing
if 1 million can drive the price to $1000 i can't imagine what will happen if it gets the adoption rate of credit cards or mobile phones.

As annoying as lame trolls like Fonzie, MatTheCat, Revans and Bitcoinlitcoinbtcltc might be, even they have a right to their ridiculous opinions.

You have the right to either put them on ignore or gain entertainment by laughing at their stupidity and ignorance.

by the way I believe just blockchain.info alone has over 1M wallets now? and coinbase over 200k
and then you have the people with desktop clients which I believe should be even more.

Possible, but more likely imo that we'll stop just short of it, say: rally in june/July, hitting 4800 in September, then crash  back to ~1000 or 2000, etc.

I agree, I had a dollar and went the store and was like "do you take Federal Reserve Notes?" the dude was like wtf?

Personally I am putting my money into alt fiats like the Peso.

Well, I have two answer on this:
1) I would like to believe bitcoin will rich $5000 price.
2) I believe the price is going to grow up but it will rich $3000 only. But that would also be good.

just added a poll

Umm.... I don't think so... I think it will go up to 1000$ again and stay there. And actually i think if price stabilize that will be good for bitcoin . Main problem with it is that the price is unreliable , that is one more reason why people having hard time adopting it. Any currency to succeed needs stable rate.

yes

When I saw this thread I rushed to the window looking for it, but had to come inside... no sign of BTC above 5000...

10 usd

All depends if gox is still around to crash the price every 3 months or not

Yeah to much depends on them...

trendline says we are at $5k in dec.

currently trendline is at $670 so a bit undervalued

$2000 likely, $3000 may be, $5000?? Don't think so... not by end of 2014 at least

I think Gox just ran off with your trendline too

If OPEC announces that oil will only be sold for bitcoin... the first business just started accepting bitcoin in Dubai.

That will be sweet... :) . Just still don't think price going to much up. If it does that is bad for it. It needs stabilized rate.

Even as a bull, I tentatively voted no. But like I said, tentatively: bitcoin market does have this tendency to surprise us a lot! ;D

very well said!

good one :)

China starts trading again from tomorrow, let the RISE BEGIN!

Go and have a look at some prediction threads from 2012 and 2013. They are all totally way off the mark. Don't even bother trying to predict it.

so that proves that my guess can't be right either?

Playboy Plus, a Playboy Brand Website, is Now Accepting Bitcoin
http://www.coindesk.com/playboy-plus-accepting-bitcoin-payments/

http://cdn.themetapicture.com/media/funny-Pikachu-playboy-logo-Pokemon.jpg

so let the crypto-jerking-off begin?

I will be happy if it gets to 1000$.
It is still a new technology and if it can stabilize around the current ATH that bodes well.

1000$ is perfect. And should stabilize around that price. And then everybody can use it without to much risk.

I want my Lambo and Jet so $1000 isn't good enough :P

I guess that's impossible. Though it's a volatile currency and nobody can make any forecast but based on it's history and the situation now I can probably tell that it's reputation thanks to MtGOx was undermined and that's why it won't reach 5000$ by the end of the year

dude what makes u think it will drop to 200+? LOL?! the price u see this pass 2 weeks were FAKE!.. thats only for imaginary goxbtc..

today 400-500+ price u saw is the lowest for this year unless.. there is another exchange like mtgox.. but apparently only mtgox at this moment..


so buy now =) as u can see many companies have joined!

tigerdirect
overstock
paypal will be
ebay will be
california said its LEGAL!
subway in USA!
ATM coming soon in singapore usa hk EUR UK!

infrastructure already up.. if ur still not buying its ok LOL!

price sure up next week.. many ppl will wired and buy them!

dude its not 2013 anymore.. LOL 200usd? u must be doing margin short HAHA!!


IT WILL REACH MORE THEN 1k thats for sure... =)))

I don't see a world where Bitcoin is low-risk for at least another 3-5 years at a minimum.

There is a lot more violent growth and regression on the way.

Before we see 5000$, we will see double digits again (not GOX).
BTC-e will default in less than 365 days.

We will see $5,000 (or pretty close) this year.

based on what info?... or just fud slinging...

Arguments Mr. Branson

Do you know the guys which are operating BTC-e ?
GOX was very bad, but BTC-e is on the same level.

Bitstamp is one step above, but they lost a few % of their BTC stash because of the malability "bug".


I'm still optimistic for btc, but I will buy more coins soon. They will get a lot cheaper. Selling is not an option.

It will be bad for Bitcoin if it goes that high. Will be good for traders but not goo for average user. We need Bitcoin to have stabilized rate, then it will be accepted by average men.
How good is for somebody to buy Bitcoin for lets say he wanted to buy something from dinodirect. And he doesn't buy it right away, and wakes up next day see his bitcoins are worth 1/2 price :D ?

I don't think Bitcoin will stabilize until we reach full saturation in the market, which means it will be several years and probably hundreds of thousands of dollars worth of growth before we get there. 

Although Bitcoin should not be treated like a stock, in many ways it does have some similarities.  Like any stock there is a period of growth where the price increases substantially until it eventually levels out.  Then there will still be ups and downs but for the most part it will be stable. 

Volatility isn't a good or bad thing for Bitcoin in a black and white sense.  Volatility is a naturally occurring phenomenon.

We don't need Bitcoin to have a stabilized rate.

I only say what i hear. People are afraid to buy bitcoin coz ot its big price ups and downs. People that don't love gambling with their money think that bitcoin is to much of a gamble. Every currency needs stable rate as possible. And bitcoin is one ! I am not arguing this with u. That is my opinion and opinion of people around me in Serbia. 

One cuts of the dead wood from a plant and then it blooms in the spring. The dead wood was just cut from Bitcoin, so I voted yes.

it's not over until it's over. I'd like to see more capitulation here before starting to be overtly bullish.
But during an exponential growth you can be prudent up to a point I guess.
All in all if we establish a new bottom around $1000 in 2014 I'm happy enough. Anything more is manna from the sky.

the big rise just started

I dont think so, but  judge for yourself.

http://www.dodaj.rs/f/V/JM/4H6veSvX/yyy.jpg

if it goes in 800 area we're out of the downtrend my friend ;). We'll see at the end of the week.

Tough question.

I would say that there is no chance btc could reach over 5000 by the end of the year. ... BUT......each time I doubted bitcoin, whether it was when it broke $100, $250, or $1000, I have been wrong, so .... ya, maybe it is possible.

I think a point of view about this subject that isn't brought up much is important also, so I'll bring it up:

It's not so much that bitcoin is raising so fast in USD/BTC price, as it is that fiat is falling so fast against bitcoin.   Like, to say, most people don't  realize how fast our debt-fiat funny-money is inflated, every single year.  Even if bitcoin did not raise so much on its own, it is bound to do well just because it is not created out of thin air and most nations of Earth are facing insolvency.

(Which is also sort of funny if you think of it. All the countries of the planet, even the 'richest' ones, are looking like they will go bankrupt in the next few years. I think any sane and reasonable person would have to question our economic system at this point, but most people can't be bothered. )

very well put

Hm, randomly drawn lines that don't match up with either candles or wicks, but do have cool bands of bright primary colors between them? I'm completely convinced.

There is a lot of reasoning of this type on the forum - I doubted bitcoin price could double in the past, so it means that now that I doubt it again, it would double again ...

By the same logic, we can say " everybody was telling me I am gonna die one day, but I am still alive, so I am sure I will not die next year, either" ;)

Because 5k is a little bit to much and you're own statement sub$100 is just the same BS. Dude, even when the worlds biggest Bitcoin exchange went down it didnt even reached that lvl...

Go troll more.

never again 1000 usd

People may not want to risk losing money with bitcoin, or may not be interested in gambling, but as more people take the time to understand what bitcoin means in terms of change to the financial system, people will be willing to risk- not risk losing their money because of the hope of making more money, but be willing to risk their money to participate in the birth of a new global financial order. Sure, people argue that power corrupts, and the new digital currency elite will be corrupted, but it is these phases of renewal that make up the ebbs and flows of nature. So to purchase bitcoin and to transact in bitcoin and to minimize transactions in fiat is not only a potential means of profit and loss, like the ownership of any commodity or currency, it is supporting a movement to give the power of the issuing of currency back to the people- just as it was when grain or metals were used as currency, and anyone could mine or grow it if they had some basic tools and know-how.

I don't think it will reach $ 5000+ so soon. Maybe at end of 2015.

Never forget the law of big numbers.

what's that law?