Anyone else think we hitting $10,000 this year?

[kingcrimson]

Something's in the air. When it comes, it will come fast.

[zby]

This is a possibility. The optimist here predict 800 as the peak this year. This is also possible - but when it breaks 500 - then it is more probable that it will go to 8000 than stop at 800. When it goes up steadily for a longer time the speed of the growth also grows.

[OmegaStarScream]

Something's in the air. When it comes, it will come fast.

I'd say we will reach 1000$ maximum this year and it's going to be just after the halving block reward however and because of the panic selling (people just don't know how it works) , we will go down to something like 600$ .

[Novep]

Something's in the air. When it comes, it will come fast.

I think it is too much wishfull thinking.  Maybe near $1000 but not around $10,000.

[KenR]

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

[zby]

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

[pooya87]

there is a huge difference between last time rises and this time and you cannot just compare rising to $1000 with rising to $10,000
the 2013 market cap was 11 bil but the market cap at 10K will be a ridiculous number which is why i doubt if we can see that this year, there is not enough demand.
this year's rise will bring it up to min $700 and max $1500 IMO

[Xenophoto]

This is very unrealistic. It will make every person who bought bitcoin a long time ago a millionaire. This year will reach 800-900$ max and if we're lucky enough, 1000$ but not 10,000$

[pleaseexplainagain]

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

not sure you are comparing apples with apples. in 2013 it was a few people chasing the willy bot and it went quickly up to 1000 and then down to $250 (oe down 75%)  over time. Not sure what prompted the 2011 jump but again the price was down about 70% a few months later.

not sure there is alot of pent up demand out there. So if it shoots up quickly and in a big way it will be being pumped. Just ensure you sell out before the next 70% drop from the new ATH or it will hurt.

[Denker]

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

It doesn't matter what and how often it happened in the past.
Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price?
That is really unlikely to happen this year.
When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year.

[zby]

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

It doesn't matter what and how often it happened in the past.
Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price?
That is really unlikely to happen this year.
When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year.

It is not just 'it happened 3 times' - it happened in the same way 3 times. My argument is a model. An informal one - but it is enough for me. I have tested it three times and it worked - and that has a meaning for me. The scale is now bigger - but it does not change the mechanism. I don't say it will stay at 10000 though

[Herbert2020]

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

It doesn't matter what and how often it happened in the past.
Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price?
That is really unlikely to happen this year.
When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year.

It is not just 'it happened 3 times' - it happened in the same way 3 times. My argument is a model. An informal one - but it is enough for me. I have tested it three times and it worked - and that has a meaning for me. The scale is now bigger - but it does not change the mechanism. I don't say it will stay at 10000 though

it is obvious that 10000 is not gonna stay but reaching it is another matter, and those previous times the price rose had other reason's, which does not exist now.
and the important part is that in order to reach $10000 there should be a large amount of money invested in bitcoin everyday to push it that high and i don't think demand will be higher than $2000

you can always hope though

[BlackPanda]

it seems highly improbable. reached 10,000 USD in 2016 is unrealistic. according to various sources are to be believed, at least bitcoin will reach 1,000 USD this year.

[ayesha201009]

Something's in the air. When it comes, it will come fast.

or too slow to see a daily increase? I see a little % of gain every day and not as usual strong percentage of gain...

[gentlemand]

Nope. The landscape has changed. If there will be future rises they're not going to be as explosive.  margin trading and more exchanges will even it out.

[KenR]

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

How big were the jumps ? From $10 to $100 ,$100 to $400 ,yes ! If you can analyse the pattern from $400 to $10,000 does not only seems hypothetical but impossible in such a short period of time which according to OP is 8 more months.

[MedaR]

10k$?
This is beyond my imagination, and however i try to understand how people think this is possible, is this exaggeration or daydreaming, i'm not sure any more. But i'm sure i would be very happy this to happen, but wont, i'm also sure.

[Amph]

mmh not really, it may be possible as a peak but still i think the peak will be just 1k, and a stablòe price between 400 and 1k

although 10 could happen between 2016 and 2020 time frame

[Eric Cartman]

No, we won't, there is no reason at all for such rise(tell me why if I'm wrong)

[Karartma1]

They say it and I still believe it, even though I think their assessment is undervalued as well

http://www.coindesk.com/bitcoin-undervalued-200-needham-report/

We should be well past 850$ today.