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

[Shunak]

   
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,

Ya your math is hard core fail.. hard core.. 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.

Good point, but the fudders dont understand it..

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[Meuh6879]

It's impossible that btc will reach 5 or 8 thousands.

do the maths.

if BTC represent 1% of the global PIB, it's value rise to 100 000 USD per 1 BTC.

and, trust me, if people awake ... they don't represent 1% of the global PIB.

why the horse car have fallen ?
because of the car.

[brg444]

It's impossible that btc will reach 5 or 8 thousands.

do the maths.

if BTC represent 1% of the global PIB, it's value rise to 100 000 USD per 1 BTC.

and, trust me, if people awake ... they don't represent 1% of the global PIB.

why the horse car have fallen ?
because of the car.

Outside of the french world PIB is GDP 

[RodeoX]

It's impossible that btc will reach 5 or 8 thousands.

I love this. It reminds me of the many people who said "It is IMPOSSIBLE for bitcoins to ever be worth $1".

[AdopterOfCoin]

We can use the US treasury bonds as an example. The new ceiling is just below 20 trillion. If 1% of the money enters bitcoin, that is 200 billion. Divided that by 16 million bitcoin (supply in a few years), that is $12.5k/bitcoin.

[vendetahome]

well i hope you are right it might reach such high prices though i think we will need to wait for a few more years to achieve such a milestone but sooner or later it will happen

[Raize]

I love this. It reminds me of the many people who said "It is IMPOSSIBLE for bitcoins to ever be worth $1".

I remember when it first hit $1, even. And then as it fell back under $1, too. Artforz flipping about 20k bitcoins within the span of 15 minutes as it was falling and laughing at whoever bought at the higher price and sold at the lower price while in IRC.

The bigger traders don't broadcast their trades in BTC nowadays. Almost like they learned a lesson.

[zimmah]

Get ready.

I'm glad I'm not the only one who thinks this.

Although it will probably not go straight there from $300, it will probably be a "double bubble" like we have seen before.

[ANdr0id]

Get ready.

I'm glad I'm not the only one who thinks this.

Although it will probably not go straight there from $300, it will probably be a "double bubble" like we have seen before.

Double bubble. Care to explain that a bit so I know what is coming 

I think it has a chance actually all depends if this is infact the bubble move.  Would be pretty sick to see though i think the whole world would be sent a little crazy this time.

Mass hysteria as in cats and dogs living together a'la Venkman style?

[Furio]

Please realize that the last bubble was pure and simple manipulation, MTgox together with some serious hedgefunds (read capital) exploded the price.

Don't get me wrong, I do think bitcoin should be worth alot more than this dump price, yet I'm not so optimistic about the timeframe. I sure hope so, but I dont think its likely that we'll see a double bubble, 300/400 woould be more realistic I think

[cohnhead]

Please realize that the last bubble was pure and simple manipulation, MTgox together with some serious hedgefunds (read capital) exploded the price.

Don't get me wrong, I do think bitcoin should be worth alot more than this dump price, yet I'm not so optimistic about the timeframe. I sure hope so, but I dont think its likely that we'll see a double bubble, 300/400 woould be more realistic I think

Wasn't the willy bot pretty much responsible for the spike in prices?  It was on Gox but have they been able to figure out who was responsible getting it on there? Seems like it had to be an inside job.

Japanese authorities are probably so happy grilling karpales about the hookers they could care less about a willy bot.

[ANdr0id]

Please realize that the last bubble was pure and simple manipulation, MTgox together with some serious hedgefunds (read capital) exploded the price.

Don't get me wrong, I do think bitcoin should be worth alot more than this dump price, yet I'm not so optimistic about the timeframe. I sure hope so, but I dont think its likely that we'll see a double bubble, 300/400 woould be more realistic I think

So no to double bubble. Alright no needless worrying over nothing.

[ca333]

   
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.

the btc-market do not contains 14,771,150 BTC. Maybe the amount of total btc in circulation worldwide is near to this amount.. So with ~4 billion USD BTC-investment BTC will go up like factor x100 or x1000 easily because market-liquidity is very limited.

And those people who write BTC will never reach X k USD etc. Everything is possible in financial market. Also the cryptocurrencies market.  i think this people must read more mathematical lecture to learn financial economic and market-movement and basic stochiastic.

In reality it only need small changes for market to BTC reach at least 10.000 USD per coin. i know many scenarios where this WILL happen. one example: say 21 million people suddenly become interested in BTC and want to hold min. 1 BTC for long-term investment: I think then this will be the last time BTC being worth less than a house thousand dollar.


NOTICE: This post represents my own opinion and thoughts about the speculation on BTC price. I do not advice anybody to take this information as base for financial investment decisions.

[CasioK]

   
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.

the btc-market do not contains 14,771,150 BTC. Maybe the amount of total btc in circulation worldwide is near to this amount.. So with ~4 billion USD BTC-investment BTC will go up like factor x100 or x1000 easily because market-liquidity is very limited.

And those people who write BTC will never reach X k USD etc. Everything is possible in financial market. Also the cryptocurrencies market.  i think this people must read more mathematical lecture to learn financial economic and market-movement and basic stochiastic.

In reality it only need small changes for market to BTC reach at least 10.000 USD per coin. i know many scenarios where this WILL happen. one example: say 21 million people suddenly become interested in BTC and want to hold min. 1 BTC for long-term investment: I think then this will be the last time BTC being worth less than a house thousand dollar.


NOTICE: This post represents my own opinion and thoughts about the speculation on BTC price. I do not advice anybody to take this information as base for financial investment decisions.

Yes total coins in circulation is much lesser than total mined coins. So, the new money flow into bitcoin investments may take bitcoin prices to new heights. I too strongly believe that bitcoin price will reach $10k levels so soon.

[NorrisK]

Please realize that the last bubble was pure and simple manipulation, MTgox together with some serious hedgefunds (read capital) exploded the price.

Don't get me wrong, I do think bitcoin should be worth alot more than this dump price, yet I'm not so optimistic about the timeframe. I sure hope so, but I dont think its likely that we'll see a double bubble, 300/400 woould be more realistic I think

Wasn't the willy bot pretty much responsible for the spike in prices?  It was on Gox but have they been able to figure out who was responsible getting it on there? Seems like it had to be an inside job.

Japanese authorities are probably so happy grilling karpales about the hookers they could care less about a willy bot.

It sure played a huge role in the rise, but it was also maintained by buyers who supported the bot. Without people mass buying, the bot would've been dumped to the ground. This shows what effect a price rise can have on people with no clear sell goals. They start thinking to the moon and beyond and keep holding, thus supporting the crazy price increase.

The bot may be partially responsible, but peoples greediness and unwillingness to part at 2x profit was the major reason for it actually going as high as it did.

[frobley]

I agree, but it still will be only 20,000 Rubles...
Get out of this forum and study current global geopolitical events in a language other than English.
The world is waking up to the $ scam, and the savvy minded are looking for somewhere new to put those $'s

[katafrag]

http://www.reactiongifs.com/r/2013/05/Ron-Paul_Its-Happening1.gif

[dragonseer]

I'm looking at October 2013 right now, it's possible history may repeat and we could have a two year moon cycle. This time around there is enough infrastructure to keep things aloft for longer, so we'll see 

[solid12345]

The bot may be partially responsible, but peoples greediness and unwillingness to part at 2x profit was the major reason for it actually going as high as it did.

Well let's be honest, if I wanted to make a 2x profit i'd go back to selling junk on ebay. I'm here for the 100x-200x potential profit in the long-run. People can call it greed, I just call it investing.

[InvoKing]

$5k? Maybe after few years..
Bitcoin price have a surprising consistent increase but the risk of a big collapse is still present..
Let's only hope btc continues to be green everyday.