is it time to start seriously talking about a $5000 BTC

[richardsNY]

Really? We're not even close to reaching the $1000 level, and you're already speculating about something that might never happen. It's -> $800 -> $900 -> $1000 - $1100 -> $1200 and the list goes on. Let's stay with both feets on earth shall we? It's no moon time yet. On the other hand, it's not even sure we'll see the price reach $800 any time soon. Bitcoin is full of surprises. We may very well see the price go heavily south this month.

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[FlightyPouch]

Whooaa. That escalates quickly. Well, bitcoin's price really is unstable but it goes higher than being going low. $5000 is big pricw for Bitcoin. Maybe 10 years, for that price. Or maybe 15 years. Many things can happen and it may affect bitcoins price. So saying that, lets aim first for $1000 price. That is really a big price dont you think?

[Biodom]

Whooaa. That escalates quickly. Well, bitcoin's price really is unstable but it goes higher than being going low. $5000 is big pricw for Bitcoin. Maybe 10 years, for that price. Or maybe 15 years. Many things can happen and it may affect bitcoins price. So saying that, lets aim first for $1000 price. That is really a big price dont you think?

If bitcoin takes 15 years to get to 5K, it would probably die beforehand.
Why? We have a difficulty mechanism that splits the block reward approx every 4 years.
In less than 16 years block reward would be 0.78125 BTC, which is 1/16 of the current. 767X16=12272.
EVEN if difficulty does not increase at ALL (fat chance), then prices would have to adjust upward accordingly or nobody will maintain the network.
tech improvement (chip going 14/16>10>7nm) and difficulty rise due to an increase in hashing would cancel each other at best. This did not happen before, which suggests a potential need for even higher prices in that timeframe.

[bobtlk]

Whooaa. That escalates quickly. Well, bitcoin's price really is unstable but it goes higher than being going low. $5000 is big pricw for Bitcoin. Maybe 10 years, for that price. Or maybe 15 years. Many things can happen and it may affect bitcoins price. So saying that, lets aim first for $1000 price. That is really a big price dont you think?

If bitcoin takes 15 years to get to 5K, it would probably die beforehand.
Why? We have a difficulty mechanism that splits the block reward approx every 4 years.
In less than 16 years block reward would be 0.78125 BTC, which is 1/16 of the current. 767X16=12272.
EVEN if difficulty does not increase at ALL (fat chance), then prices would have to adjust upward accordingly or nobody will maintain the network.
tech improvement (chip going 14/16>10>7nm) and difficulty rise due to an increase in hashing would cancel each other at best. This did not happen before, which suggests a potential need for even higher prices in that timeframe.

Maybe but don't forget that any parameter can be changed if need be including difficulty adjustment, mining algorithm, etc.
If Bitcoin becomes mainstream and widely used anything could happen really if issues as you describe were to happen.

[~Bitcoin~]

Is it time to start seriously talking about $5000 BTC in the next 3 years?

$5000 per Bitcoin in next 3 years...umm seem reachable not that hard anyway.

The way bitcoin is finding stable point on each rise is nice to see and that also shows price is growing naturally rather than some hype/manipulation making it jump high before dumping hard.

[Pearls Before Swine]

Eh, isn't that kind of what everyone does on the speculation forum?  Talk about arbitrary values of bitcoin and whether those values are going to happen or not, and when. 

I think $5000 is possible within years, and it may be closer to a decade or more, and that's only if nothing better shows up to replace bitcoin.  Definitely could happen.

[1Referee]

Definitely not. $5000 isn't even part of the question while we haven't touched the $4000 level yet. Honestly speaking, there is a chance we may never get to experience such prices. I prefer to focus on what the price realistically is capable of in the coming years. If we manage to realize a growth of around $200-$300 per year, then that already is a fantastic achievement. So far this year has brought us exactly that. In that regard, there is not much more to wish for this year.

[iamnotback]

Re: is it time to start seriously talking about a $5000 BTC

I expected a correction because the price went too high too quickly. Most of the time when we see it spike high like that, it will come back a little.

They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.

The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.

BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.

If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.

And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.

Just look at the events around us to see what is accelerating:

https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102


It Is Just Time.

Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:

https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006

[Nahl]

i always be serious if talking about the price of bitcoin and $5000 for next 3 years actually that was sounds good but i think it's too early to talking about these price and i personally quite doubt the price will reach at those price even for next 3 years and i think for now we are better focus for looking forward bitcoin price for the near future and 2017 maybe will happening new ATH $1000

[iamnotback]

Sentiment in this thread is very cautious and scared.

That is extremely bullish.

We are climbing the wall of worry now. Everybody is still remembering the $1200 to $150 crash.

When the "Bitcoin to $100,000" (to da moon) mania returns, that is the time to become cautious.

[imbladednow]

Really? We're not even close to reaching the $1000 level, and you're already speculating about something that might never happen. It's -> $800 -> $900 -> $1000 - $1100 -> $1200 and the list goes on. Let's stay with both feets on earth shall we? It's no moon time yet. On the other hand, it's not even sure we'll see the price reach $800 any time soon. Bitcoin is full of surprises. We may very well see the price go heavily south this month.

Not even close??

Open your eyes man. We are on the cusp of the next big push which I believe will take us to a new ath. And once that happens the sky is truly the limit.

[robelneo]

Sentiment in this thread is very cautious and scared.

That is extremely bullish.

We are climbing the wall of worry now. Everybody is still remembering the $1200 to $150 crash.

When the "Bitcoin to $100,000" (to da moon) mania returns, that is the time to become cautious.

All those who sees that will remember that,and we're hoping it'll never happen again,but if this things happen again we're just in a cycle ,I'm too scared in that scenarios,we all depends and hoping that Bitcoin price stabilize and no crash will ever happen again in the future.

[richardsNY]

Really? We're not even close to reaching the $1000 level, and you're already speculating about something that might never happen. It's -> $800 -> $900 -> $1000 - $1100 -> $1200 and the list goes on. Let's stay with both feets on earth shall we? It's no moon time yet. On the other hand, it's not even sure we'll see the price reach $800 any time soon. Bitcoin is full of surprises. We may very well see the price go heavily south this month.

Not even close??

Open your eyes man. We are on the cusp of the next big push which I believe will take us to a new ath. And once that happens the sky is truly the limit.

To you a difference of $245 might not look like much, but for me it certainly is. Especially when you consider how much time it may cost to go from current levels to $1000. It's not a piece of cake situation. It may take a year to finally reach there. But hey, we all have different thoughts and views on how we think the market will perform.

[lionheart78]

we're at $770... $1000 coming soon.

Is it time to start seriously talking about $5000 BTC in the next 3 years?

No it's not!
Why not before we break the actual ATH, build a new one and consolidate somewhere between these two.
Then we may can start to seriously talk about higher prices.
Right now I don't believe this is useful.
Let's do things step by step.

I agree, ATH should be surpassed first then of course the following high prices next.  For me it is a bit extreme to talk about $5000 worth of BTC when BTC had not touched 20%(after the ATH) of that $5000 bitcoin price.  And in my opinion talking about bitcoin reaching $5000 is a nonsense when at the end of this year the possibility of bitcoin not reaching $950 is very clear.

[bitebits]

They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.

The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.

Great graphs. Any bold prediction where we might be on the Amazon graph? I would say between 2002 and 2004.

[...]
We are climbing the wall of worry now. Everybody is still remembering the $1200 to $150 crash.
[...]

That is an interesting remark and point of view. There is definitely some truth in this and for some in retrospective painfully obvious.

[talks_cheep]

No, it's time to start talking about a $50000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 BTC.

LOL

Absolutely right, when noobs start posting threads like this, btc is soon going to tank, tank hard.

You're just about one of the least credible posters on here regarding price predictions.

Your overly bearish agenda driven rambles are embarrassing. PM theymos & see if he will change your username to talks_shit.

LOL

Why you mad, bro? Does your butt hurt? Go see a proctologist. You've been sitting too long on your butt, staring at your computer screen. Go outside, smell the shit your dog shat in your shoes, just don't put them on.

[quake313]

No, it's time to start talking about a $50000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 BTC.

LOL

Absolutely right, when noobs start posting threads like this, btc is soon going to tank, tank hard.

You're just about one of the least credible posters on here regarding price predictions.

Your overly bearish agenda driven rambles are embarrassing. PM theymos & see if he will change your username to talks_shit.

LOL

Why you mad, bro? Does your butt hurt? Go see a proctologist. You've been sitting too long on your butt, staring at your computer screen. Go outside, smell the shit your dog shat in your shoes, just don't put them on.

He doesn't sound mad to me "bro". He's probably tired of you and your alt accounts trolling speculation, trying to sway noobs into panic selling. Either you do it for the lols or you're a paid troll, either way, everyone who frequents here knows your agenda.

[Sniper44]

we're at $770... $1000 coming soon.

Is it time to start seriously talking about $5000 BTC in the next 3 years?

talking about $5000 was always a serious topic and it only becomes not-so-serious when people start talking about a very short time frame like 1-2 months.

[pooya87]

Sentiment in this thread is very cautious and scared.
That is extremely bullish.
We are climbing the wall of worry now. Everybody is still remembering the $1200 to $150 crash.
When the "Bitcoin to $100,000" (to da moon) mania returns, that is the time to become cautious.

not really. those who matter remember the rise to $1200 and crash to $170 but also know and remember what happened during all that time and what the reasons were. for example they remember MtGox and the fake pump, they remember the FUD and they know the bubble had to burst and they also remember this is the real rise which took nearly 2 years to go from $200 to $700
there is no fear, bitcoin is resembling any other market with slower rise.

[MingLee]

It is far from the time to start even thinking about $5000 BTC, right now we're looking at getting passed the $1000 point if anything, and we are very, very far away from getting to somewhere like $5000, at least over the next 4-8 years.

let me know once we've hit the ATH again, then we can start talking about how we're going to get to $5k.