Five digits

[Amph]

5 digits is at least $10k. The price will not be that high for a few years. It also depends on the general adoption of bitcoin.

It will take several months at most.

Definitely not several years.

If you want to make fun of me, quote this in 2017 if it hasn't come true.

Do you mean the price will be over $10k before middle of 2016? That is very brave prediction.

it can reach 5 figures in 2016 imho, and if you consider it as a unsubstantial rise, this is more true

you see we increase in 3 day by 100%, increasing x10/x20 does not look so impossible

[smiletyson]

It can't be soon.
We should see the 3rd block halvening first. (Block prize should be 6.125 BTC at first).
Until then 4 digits at most.

[Mickeyb]

5 digits is at least $10k. The price will not be that high for a few years. It also depends on the general adoption of bitcoin.

It will take several months at most.

Definitely not several years.

If you want to make fun of me, quote this in 2017 if it hasn't come true.

Sure.

You're saying that by January-February 2016 we should be expecting prices in excess of $1000 when the bitcoin price has been stagnant pretty much since December of 2013. I just don't see us going that high in such a small time period with the price history of bitcoin, there's no logic for it.

Honestly, I didn't see us going from $250 before the run and hitting $500 just few days ago. That was surprising as hell to me. Especially after the 2 year torturing period and terrible year 2015. So I wouldn't just say no to a $1,000 in February.


Then again I agree that the chances that we stay in these levels are bigger than another push to a $1,000 in few months.

But the bottom line is that you never know with Bitcoin!

note that we are still bullish as long as we stay above $350

Yes I agree! All you need to look at the chart and you can't but notice how price is going upwards in the last month with green everywhere and under is volume that is just incredible.

This is a very bullish sign in my opinion as well and I think that the price increase will continue soon enough!

[rjclarke2000]

We have all got used to the 300s now. It's boring again. Ha ha

[Feri22]

a lot of weak hands will be shaken before the peak

Yep  

https://www.youtube.com/watch?v=4n54-uXMBOs

[jaredboice]

a lot of weak hands will be shaken before the peak

Yep  

https://www.youtube.com/watch?v=4n54-uXMBOs

 

[YOLOMAN]

Aint expecting a five digits moon but it might hit 600- on december at least if the things keep going as well as theyr right now I think is everyones hope tho

[CryptoGreek]

I think that five digits are inevitable, if bitcoin becomes widely adopted. Mass adoption is the key.

[pattu1]

It can't be soon.
We should see the 3rd block halvening first. (Block prize should be 6.125 BTC at first).
Until then 4 digits at most.

That is 2020.
We will surely have some big event before that. Waiting for that inflection point. 

[Wells Fargo]

I think that five digits are inevitable, if bitcoin becomes widely adopted. Mass adoption is the key.

Five digits in 5 years could be possible. We need the bitcoin to be accepted by many retailers, also for grocery shopping.

[freedomgo]

There is continuous adoption of bitcoin in many areas of finance. With the continuing trend, the price will reach 5 figures, maybe in a decade.

[MataKhobRazi]

I think the price of bitcoin will go up in the end of december and in the beginning of year 2016. This rise will be in anticipation of the next halving, then in the middle of the 2016, the price will skyrocket to the 2000-5000$ zone.

[Wilhelm]

Febuary 2016 M00n!!

[1Referee]

I think the price of bitcoin will go up in the end of december and in the beginning of year 2016. This rise will be in anticipation of the next halving, then in the middle of the 2016, the price will skyrocket to the 2000-5000$ zone.

You are pretty sure of that, aren't you? If we ever going to reach five digit prices then it will take at least 10 years from now. In that time you will see a lot early adopters dump a huge part of their coins to cash out. There are enough people with thousands of coins and even tens of thousands of coins in their wallets.

The higher the price will be, the weaker the buy walls will become. If for example you place a buy wall of 6700BTC at $300 to support the price, which is worth just over $2 million currently, it will offer a much better support than when the price per Bitcoin for example is $10,000. Then the $2 million buy wall will translate in just 200 Bitcoins. Early adopters and large holders will then easily eat through any active buy order with their thousands of coins.

[Pierre 2]

I expect to see new highes in bitcoin in short range but I am doubtful to see 5 digits.
It may happen but it would make lots of people dumb all their bitcoin. I don't think it is good.

[ThunderThomas]

We have all got used to the 300s now. It's boring again. Ha ha

It may be boring but it's better to have a stable $300 rather than an unsteady $200.

Hopefully we can hit the 5 digits sometime next year

[NorrisK]

We have all got used to the 300s now. It's boring again. Ha ha

It may be boring but it's better to have a stable $300 rather than an unsteady $200.

Hopefully we can hit the 5 digits sometime next year

How is it boring? It is still moving 10-20 usd a day up and down on a regular basis. Those are still 5-10% swings daily!

People really have gotten too spoiled and used to unrealistic movements over here

[Oscoda]

exactly, i think this is just one of those shakes to shake out weak hands


no free rides on the bitcoin train

I feel this too. The ride has been bumpy and only true believers are in.

WIth some more stability around 300 usd more people will sell and we will have the supports in.

[randy8777]

We have all got used to the 300s now. It's boring again. Ha ha

It may be boring but it's better to have a stable $300 rather than an unsteady $200.

Hopefully we can hit the 5 digits sometime next year

boring means the price is stable as far as stable is the right word to use when it comes to bitcoin. i much rather prefer a slow but steady or what some people might consider 'boring' upwards growth, over peaks and rally's.

[LuckyYOU]

We have all got used to the 300s now. It's boring again. Ha ha

It may be boring but it's better to have a stable $300 rather than an unsteady $200.

Hopefully we can hit the 5 digits sometime next year

boring means the price is stable as far as stable is the right word to use when it comes to bitcoin. i much rather prefer a slow but steady or what some people might consider 'boring' upwards growth, over peaks and rally's.

Stable rising of the price is what bitcoin needs indeed. No crazy high or crazy low, slow and steady progress. Sure some prise rises like 15 -30% is ok but the long term focus should be steady and slow so investors and new merchants will start to trust it.