justusranvier
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March 25, 2013, 09:43:54 PM Last edit: March 25, 2013, 09:57:46 PM by justusranvier |
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Since Bitcoin started being traded at Mt Gox it has increased by an average of 6.8% per week. Based on that the exchange rate should be around $300 by the end of the year.
Since the beginning of 2013 the exchange rate has increased by an average of 15.4% per week. Based on that the exchange rate should be around $12000 by the end of the year.
My guess is somewhere in between those two numbers.
Edit: It helps to look at the right line on the spreadsheet.
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Elwar
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Viva Ut Vivas
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March 25, 2013, 09:46:57 PM Last edit: March 25, 2013, 10:46:46 PM by Elwar |
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For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!
It has not done that since...hmm...what is $75 divided by $4 (price this time last year) * 100%?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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Amitabh S (OP)
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April 02, 2013, 08:55:30 PM |
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I'll give OP a bitcoin if it hits $1000/BTC this year. Will not happen. Just quoting you in case you delete your post
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Crazy
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April 02, 2013, 09:05:32 PM |
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For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!
$114 -> $1000 is 777% increase. No?
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Elon Krusky
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deathcode
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April 02, 2013, 09:08:15 PM |
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For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!
$114 -> $1000 is 777% increase. No? Although possible, I do not think we will hit $1000 this year. And I'm one of the biggest bulls here. I do think that U$S300-U$S500 is very possible. I believe the rate of speculators will decrease overtime and the coin will start to get used more and more as a trading currency.
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Crazy
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April 02, 2013, 09:11:33 PM |
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I don't either, I was just pointing out the math was wrong. I've corrected 2 or 3 people on percent increase mistakes. Ironically, they're also all bulls dumping money into a speculative bubble. Perhaps based on bad math? Go figure.
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Elon Krusky
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Amitabh S (OP)
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April 02, 2013, 09:16:02 PM |
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Crazy
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April 02, 2013, 09:28:55 PM |
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Well if I were to buy something today, the service provider would get shafted if the value crashed. So that's a two way street.
Anything is possible, you're definitely right, but I don't think that's likely. I think I saw it would take $3.2M in new capital to get to ~$220/BTC. I don't see that happening anytime soon, and once the new money dries up, all the speculators will get bored with holding what they can't spend, see a slow (if they're lucky) descent to more reasoned pricing, and jump on the sell bandwagon.
I'm a long term bull (defined as probably 5 years*), but short term I'm bearish for obvious reasons I guess.
* A major collapse would change this, possibly destroying BTC in the process.
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Elon Krusky
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 02, 2013, 09:30:40 PM |
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I agree that 1k is not likely but... Well, who knows what shenanigans governments will get up to next. They're out of money and can't print their way out of more. What happens when they start plundering retirement funds?
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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Crazy
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April 02, 2013, 09:38:02 PM |
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So what's the hold up?
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Elon Krusky
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MiracleRiver
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April 03, 2013, 01:01:12 AM |
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Sign me up for $1,000 USD by the end of the year. I think that's an easy figure.
There are an endless list of folks who will/are buying big time - including all the rich Silicon Valley lot who can see the potential and are now developing apps etc.
How about more like $5,000?
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jhansen858
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April 03, 2013, 07:27:36 AM |
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We have gone from 33 to 140 in 30 days. if we increase at that rate for 12 months it will be at over 1200 in 12 months time. but I think it will happen sooner.
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Hi forum: 1DDpiEt36VTJsiJunyBc3XtG6CcSAnsQ4p
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ninjaboon
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April 03, 2013, 07:43:40 AM |
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With the recent screwps.. Cyprus, Chase bank, etc. and so many new adopters, it looks like we will cross 1000 this year, a couple of years too soon in my opinion.. And im not complaining I see USD 100K per BTC in 2023.
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Amitabh S (OP)
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November 27, 2013, 02:14:36 PM |
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I'll give OP a bitcoin if it hits $1000/BTC this year. Will not happen. Time to necro another thread BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt
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porcupine87
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November 27, 2013, 03:02:45 PM |
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I'll give OP a bitcoin if it hits $1000/BTC this year. Will not happen. Time to necro another thread BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt I will send him 0.0001, if he sends it to you
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"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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proudhon
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November 27, 2013, 03:16:52 PM |
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I'll give OP a bitcoin if it hits $1000/BTC this year. Will not happen. Time to necro another thread BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt My past self was a real shit sometimes. Give me some time, I only have ~0.75 in an online wallet. The rest is offline, and I'm at work. Might just buy ~$300 more so I don't have to dip into the offline wallets, unless somebody wants to chip in
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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xxnewbiecoinerxx
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November 27, 2013, 03:33:57 PM |
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Long term, it might have been one of the biggest bets in history.
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Heutenamos
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November 27, 2013, 03:40:23 PM |
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I'll give OP a bitcoin if it hits $1000/BTC this year. Will not happen. Time to necro another thread BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt Nice, just a reminder: never say never So it is $1000 just for a prediction, nice! I might start $100,000 for next year
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yo
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piramida
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Borsche
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November 27, 2013, 03:47:59 PM |
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My past self was a real shit sometimes. Give me some time, I only have ~0.75 in an online wallet. The rest is offline, and I'm at work. Might just buy ~$300 more so I don't have to dip into the offline wallets, unless somebody wants to chip in Past sins always come haunting you back Giving some guy on the interwebs 1000$ that's something I wish all of the doomcallers on this forum would do! I like this new economy. PS I'm actually surprised you still work Just for fun?
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i am satoshi
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BadBear
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November 27, 2013, 03:48:25 PM |
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Poor proudhon.
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