BTC is about to be $5K-$8K ++

[1Referee]

It's impossible that btc will reach 5 or 8 thousands. I hope it won't fall down till 20$ or so :/

not impossible, but it require time

as i said, i'm more interested in a stable high price, than a simply new unsubstantial ath

It requires a heck of a lot time, people don't seem to understand that. It may take 10 years or longer. There are people thinking if I buy now at $300 I will sell it for $10,000 just after the halving 

[1714672091]

1714672091

[1714672091]

1714672091

[1714672091]

1714672091

[cohnhead]

if the halving has the same effect on btc price  as it recently did to ltc, wouldn't we expect an approximate doubling by 2016. Then another 2 -3 doublings in next 10-12 years.  with nothing else effecting growth..just that  could possibly push price to 2,400 - 4,800. I would happily wait that long...as they say ..."time flies when your halving fun"

[jt byte]

Maybe after 5 years? or maybe more longer.
I think that a good amount of people are satisfied with the current price.
But we want to see the price much more higher than now , it really takes too much time and many halving period to reach 5k-8k.

[anthonycamp]

well the only thing i can figure out its we see a horizont of 500$ for next year but continuose rising its very impossible there will be attacks

[gentlemand]

   
With an available supply of 14,771,150 BTC it takes $4,351,964,840 to yield a price of $ 294.63. To move the price to $8k where are all of these extra billions coming from. Tens of extra billions. You know something we don't?

Bitcoin is over-pumped as it is.

You have an activity level that high and you haven't figured out that market cap is a borderline meaningless measure?

The price is set by a few tens of thousands of coins and a few tens of millions of dollars. On Bitstamp a $5.9 million dollar buy would push the price to $2700. Congratulations you now have a 16 billion dollar market cap at a bargain price.

A $4.3 billion dollar buy would probably push the price to $500,000 and then infinity as I doubt anyone's set a high enough price and there wouldn't be any coins left.

[Q7]

Before we set our aims so high, let's just wait and see what would happen in the following weeks to come. I wouldn't be surprised if this pulls back once again. Hopefully the effect is caused by the expected halving that is going to take place around mid of next year.

[Denker]

Before we set our aims so high, let's just wait and see what would happen in the following weeks to come. I wouldn't be surprised if this pulls back once again. Hopefully the effect is caused by the expected halving that is going to take place around mid of next year.

Ssshhhhh!!!
Don't say that ever again!
This time we will break the $300 barrier permanent!Have a bit trust and think positive.

[spazzdla]

Before we set our aims so high, let's just wait and see what would happen in the following weeks to come. I wouldn't be surprised if this pulls back once again. Hopefully the effect is caused by the expected halving that is going to take place around mid of next year.

Ssshhhhh!!!
Don't say that ever again!
This time we will break the $300 barrier permanent!Have a bit trust and think positive.

We are positive, just realistic no super crazy bull mode lol.

IMO we go back to 220-240 one more time.  Sub $200 will never be seen again.

[AdopterOfCoin]

You have an activity level that high and you haven't figured out that market cap is a borderline meaningless measure?

The price is set by a few tens of thousands of coins and a few tens of millions of dollars. On Bitstamp a $5.9 million dollar buy would push the price to $2700. Congratulations you now have a 16 billion dollar market cap at a bargain price.

A $4.3 billion dollar buy would probably push the price to $500,000 and then infinity as I doubt anyone's set a high enough price and there wouldn't be any coins left.

That $2700 price is not sustainable. If the price gets higher, more seller will appear to sell at higher price.

[SmoothCurves]

if the halving has the same effect on btc price  as it recently did to ltc, wouldn't we expect an approximate doubling by 2016. Then another 2 -3 doublings in next 10-12 years.  with nothing else effecting growth..just that  could possibly push price to 2,400 - 4,800. I would happily wait that long...as they say ..."time flies when your halving fun"

Don't use ltc as an example - ltc has nothing to do with this. We already have an example of what will happen based on the previous block reward halving. ie. Current Price * 40. Or roughly 11k/BTC

[AdopterOfCoin]

if the halving has the same effect on btc price  as it recently did to ltc, wouldn't we expect an approximate doubling by 2016. Then another 2 -3 doublings in next 10-12 years.  with nothing else effecting growth..just that  could possibly push price to 2,400 - 4,800. I would happily wait that long...as they say ..."time flies when your halving fun"

Don't use ltc as an example - ltc has nothing to do with this. We already have an example of what will happen based on the previous block reward halving. ie. Current Price * 40. Or roughly 11k/BTC

Even if it is x20, that would be $6k/btc. I think it is very difficult to rise that much. The market capitalization is much larger than before. We need more fresh money to push the price higher.

[SmoothCurves]

if the halving has the same effect on btc price  as it recently did to ltc, wouldn't we expect an approximate doubling by 2016. Then another 2 -3 doublings in next 10-12 years.  with nothing else effecting growth..just that  could possibly push price to 2,400 - 4,800. I would happily wait that long...as they say ..."time flies when your halving fun"

Don't use ltc as an example - ltc has nothing to do with this. We already have an example of what will happen based on the previous block reward halving. ie. Current Price * 40. Or roughly 11k/BTC

Even if it is x20, that would be $6k/btc. I think it is very difficult to rise that much. The market capitalization is much larger than before. We need more fresh money to push the price higher.

we're going to get fresh money, leveraged longs, less selling and a block reward halving all at the same time.

[gentlemand]

That $2700 price is not sustainable. If the price gets higher, more seller will appear to sell at higher price.

I know this. That's why those who moan about VC money going into companies rather than directly buying coins are deluded. There'd be a giant spike and then it would all come crashing down again.

[enhu]

Wow 5k - 8k? Must be a bitcoin craze, by then I can afford to buy the script I've been meaning to buy since then. I could pay my mortage too
I wonder what can make the price go skyrocket, could it be the Chinese?

[spazzdla]

Wow 5k - 8k? Must be a bitcoin craze, by then I can afford to buy the script I've been meaning to buy since then. I could pay my mortage too
I wonder what can make the price go skyrocket, could it be the Chinese?

The idea this is here to stay might be enough.

[randy8777]

Wow 5k - 8k? Must be a bitcoin craze, by then I can afford to buy the script I've been meaning to buy since then. I could pay my mortage too
I wonder what can make the price go skyrocket, could it be the Chinese?

china and especially wallstreet. if you have wall street guys investing in bitcoin, then we're going to see a lot fireworks the comming years. just make sure you keep holding your coins.

[Raimonn]

I don't know witch price bitcoin will have in 2 years or 5 years, could be 500, 3000. But i think that in long time bitcoin is a good inversion. There are risks, but all the inversions have risks.

[dothebeats]

It isn't impossible, but I think it would require loads of time before we get there: with massive adaption and full support from the merchants and consumers too. For now, let's focus on the realistic goals such as $320 and somewhere near it.

[spazzdla]

   
With an available supply of 14,771,150 BTC it takes $4,351,964,840 to yield a price of $ 294.63. To move the price to $8k where are all of these extra billions coming from. Tens of extra billions. You know something we don't?

Bitcoin is over-pumped as it is.

FAIL MATH IS FAIL,

You have no idea what the actual available supply is.

14,771,150 BTC is the number of btc in the world, the amount actually for sale is unknown.  If 14,771,000 btc is being held by people that refuse to sell below $5k the available supply is 150.

[Amph]

You have an activity level that high and you haven't figured out that market cap is a borderline meaningless measure?

The price is set by a few tens of thousands of coins and a few tens of millions of dollars. On Bitstamp a $5.9 million dollar buy would push the price to $2700. Congratulations you now have a 16 billion dollar market cap at a bargain price.

A $4.3 billion dollar buy would probably push the price to $500,000 and then infinity as I doubt anyone's set a high enough price and there wouldn't be any coins left.

That $2700 price is not sustainable. If the price gets higher, more seller will appear to sell at higher price.

that's actually a good, thing, because more sellers, mean more buyers, which mean more consolidation at that point of the price

you need plenty of price correction, before you can sustain higher value, you can't simply rise to 10k(for example) and think it can remain there