Bitcoin Forum
December 13, 2024, 04:05:48 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: How valuable will 1 Bitcoin be 2 years from now?  (Voting closed: May 02, 2013, 07:48:12 AM)
$1000 - 30 (34.1%)
$5000 - 23 (26.1%)
$10,000 - 12 (13.6%)
$100 - 16 (18.2%)
More than we can fathom - 7 (8%)
Total Voters: 88

Pages: [1] 2 »  All
  Print  
Author Topic: How valuable will 1 Bitcoin be 2 years from now? Make an educated guess.  (Read 1760 times)
Luckybit (OP)
Hero Member
*****
Offline Offline

Activity: 714
Merit: 510



View Profile
April 02, 2013, 07:48:12 AM
 #1

This is really simple but I want the newbie perspective on this even though I lurk in the speculator section I consider myself new because I barely have 4-5 Bitcoins. The question is, how many much will those 4-5 Bitcoins be worth in a couple years?

Do you seriously believe that we can make a living doing this?
Luckybit (OP)
Hero Member
*****
Offline Offline

Activity: 714
Merit: 510



View Profile
April 02, 2013, 08:06:36 AM
 #2

Such a guess can only be speculation and not an "educated" guess.

Feel free to speculate my friend.
Lethn
Legendary
*
Offline Offline

Activity: 1540
Merit: 1000



View Profile WWW
April 02, 2013, 08:13:38 AM
 #3

Such a guess can only be speculation and not an "educated" guess.

I disagree, someone who is far better than math at me could look at the current rate of printing going on as well as various political activities like Cyprus to make a very good educated guess on how much it's going to be worth in USD. As for the other currencies, it depends on what the other countries are planning, but they all seem desperate to hold onto power so they'll probably go the same way as the USD eventually.
gizmoh
Legendary
*
Offline Offline

Activity: 1428
Merit: 1000



View Profile
April 02, 2013, 08:55:02 AM
 #4

I see $300 end 2013 provided continuing turmoil in eurozone .If the euro cripples down, then $900 is a fair price..

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
crookedfingers
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
April 02, 2013, 09:09:14 AM
 #5

might have to change that second last option, it's already over 100!  Smiley http://blockchain.info/charts/market-price
th3l33tl0rd
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
April 02, 2013, 09:39:02 AM
 #6

I'm putting my money on them becoming either really expensive ($300+) or really cheap (under $15)
nfhiggs
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
April 02, 2013, 09:44:56 AM
 #7

This is really simple but I want the newbie perspective on this even though I lurk in the speculator section I consider myself new because I barely have 4-5 Bitcoins. The question is, how many much will those 4-5 Bitcoins be worth in a couple years?

Do you seriously believe that we can make a living doing this?

Make a living doing *what*? Trading virtual currency? Only if you are very lucky. Mining virtual currency? Only if you have a shit ton of money to spend on a mining rig.
Jace
Sr. Member
****
Offline Offline

Activity: 288
Merit: 251


View Profile
April 02, 2013, 09:49:08 AM
 #8

In one year from now, somewhere between $400 and $1000.
In two years from now, somewhere between $1000 and $3000.

Regardless of the recent rise (which is history and thus should be ignored), there is much, SO MUCH more potential in Bitcoin. Combined with all the shit that's going on with the euro and dollar (which can only go one way: down hill) and the new possibilities, freedom, independency and safety that Bitcoin offers for people's money, I see things going sky high in the near future.


Feel free to send your life savings to 1JhrfA12dBMUhcgh85wYan6HL2uLQdB6z9
virtualmaster
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500



View Profile
April 02, 2013, 10:17:23 AM
 #9

I think around 1.000$ would be normal.

Calendars for free to print: 2014 Calendar in JPG | 2014 Calendar in PDF Protect the Environment with Namecoin: 2014 Calendar in JPG | 2014 Calendar in PDF
Namecoinia.org  -  take the planet in your hands
BTC: 15KXVQv7UGtUoTe5VNWXT1bMz46MXuePba   |  NMC: NABFA31b3x7CvhKMxcipUqA3TnKsNfCC7S
Lieutenant_Bob
Newbie
*
Offline Offline

Activity: 27
Merit: 0



View Profile
April 02, 2013, 10:24:14 AM
 #10

It is hard to make an educated guess.

I think the price will be closely linked to its real-life-real-objects usage. Can you buy milk with Bitcoins in two years? If yes: Very valuable If no: Not so much.

(Substitute Milk with any other product)
Acesbomb
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
April 02, 2013, 11:32:05 AM
 #11

Depends, if the Euro or USD are still around in 2 years.  Cheesy
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
April 02, 2013, 12:40:06 PM
 #12

OK - the recent rise has been largely "blamed" on the trouble in Cyprus. Cyprus is a tiny economy.

But the EU has been full of near disasters in the last 5 years. Anyone in the UK will remember Northern Rock bank. The bitcoin didn't exist then, not in the public consciousness anyway.

In the future, when banking crises occur in Europe, and they will occur due to the EU putting sticking plasters on massive economic problems, people from those countries will head to the bitcoin.

If lots of Germans or Brits headed to the bitcoin for example, you can wave $200, $300 per bitcoin goodbye very easily.

So my guess is the genie is out of the bag thanks to Cyprus. Every new major EU banking crisis will add $50 to $100 to the bitcoin price, more for the major EU economies.
paradigm
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
April 02, 2013, 12:57:12 PM
 #13

I'm going to guess around $200.

But IMO bitcoin is better off without the investors because it needs long term sustainability.  Investors will leave once a bubble and subsequent crash occurs.  Long term users who use it to buy and sell will not leave as long as bitcoin does what they need.
newtothescene
Full Member
***
Offline Offline

Activity: 147
Merit: 100


View Profile
April 02, 2013, 01:04:30 PM
 #14

I picked $1000, but think that $300-$400 is more likely.  When (if) a large number o ASIC devices go online then the value may go down as supply could increase slightly faster.  I guess the increase in difficulty should nip that in the bud, but if BTC availability rapidly increases the value may level off.  Or it could be the opposite as people scramble to hold on to a few for speculation...
yucca
Full Member
***
Offline Offline

Activity: 217
Merit: 100



View Profile WWW
April 02, 2013, 01:06:22 PM
 #15

Over 1k, how much i'm not sure. maybe around 3.5k per BTC.

Thats ballparking that it can grow just .5% per day for the next 2 years.

But remember the worth of the $ will also be less in 2 years.


MineMind
Newbie
*
Offline Offline

Activity: 31
Merit: 0



View Profile WWW
April 02, 2013, 01:19:37 PM
 #16

Around 10k after Russia enforces the 10k cash-carry limit in 2015.
sun
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
April 02, 2013, 01:44:36 PM
 #17

I think we're in a bubble right now, approaching a peak (I could be wrong); I'm expecting it to be worth somewhat less than or maybe around $100. Could be totally wrong.
jing_troop
Newbie
*
Offline Offline

Activity: 21
Merit: 0



View Profile
April 02, 2013, 01:48:47 PM
 #18

Depends, if the Euro or USD are still around in 2 years.  Cheesy

If the Argentinian Peso can still be around, I'm pretty sure we'll still have plenty of room for and be seeing Greenbacks.
over1977v
Member
**
Offline Offline

Activity: 116
Merit: 10


View Profile
April 02, 2013, 01:58:43 PM
 #19

In 2 years eighter it hit little over $1000 or will be under $1. Depends if goverments begin "to fight back" bitcoin drugs/terrorist/money laundering.
Pangia
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
April 02, 2013, 02:03:37 PM
 #20

2 years is too far out.  Even 6 months is too far out. There are too many variables to consider. It's even difficult to speculate what the price might be at the end of April  If things continue on the current trajectory, then we're looking at close to $200 by the end of this month.  But only if the price pattern adheres to the current trend.

What I'm about to put forward is more along the lines of an investors/speculators reasoning and not the reasoning of a BTC - kill the banks zealot. What we're missing is (I'm going to create a new word here) "INSTANTY".  There needs to be a mechanism in place that would permit a purchaser to rapidly fund their account so that the purchase of a BTC can be almost instantaneous.  Think about, by the time that you make the decision to purchase a coin, to the time you fund your account and then hit the buy button, the darn coin might have increased 5% - 10%.  The use of a credit card would assist with that, but we all know how those attempts went.  

I read on the forum a discussion about getting BTC into the FX market.  That would be awesome to say the least. If we were to attract credit into our market, then the price of a BTC would go through the roof and into the clouds. If Mt.Gox became something akin to an E-Trade where we could buys shares of a currency/fund/stock that was attached to BTC and our account could be buttressed by MARGIN, then we'd be able to purchase 2x (or 10x) our account holdings.  Now that would drive the price of each coin into triple digits at minimal.

And we're not even talking about main stream adoption yet. That would push it even higher.  

Just my 2 cents.



 
 
           ▄████▄
         ▄████████▄
       ▄████████████▄
     ▄████████████████▄
    ████████████████████      ▄█▄                 ▄███▄                 ▄███▄                 ▄████████████████▀   ▄██████████

  ▄▄▄▀█████▀▄▄▄▄▀█████▀▄▄▄     ▀██▄             ▄██▀ ▀██▄             ▄██▀ ▀██▄             ▄██▀                   ██
▄█████▄▀▀▀▄██████▄▀▀▀▄█████▄     ▀██▄         ▄██▀     ▀██▄         ▄██▀     ▀██▄         ▄██▀        ▄█▄          ▀██████████████▄
████████████████████████████       ▀██▄     ▄██▀         ▀██▄     ▄██▀         ▀██▄     ▄██▀          ▀█▀                        ██
 ▀████████████████████████▀          ▀██▄ ▄██▀             ▀██▄ ▄██▀     ▄█▄     ▀██▄ ▄██▀                                       ██
   ▀████████████████████▀              ▀███▀                 ▀███▀       ▀█▀       ▀███▀      ▄███████████████████████████████████▀
     ▀████████████████▀
       ▀████████████▀
         ▀████████▀
           ▀████▀
║║


║║
.
.

║║
██
║║
.
.

║║
██
║║
.
║║


║║
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!