Bitcoin price ready to increase ~$25 USD per day during this year.

[SaShiRaJaVu]

I doubt very much that we will see bitcoin at $10,000 this year and prob not within the next 3.  i do think it will be at $2000 by the end of Jan 2018 tho.  I think $10000 will be around the next halving.

The possibility of a price range around $2000 at the end of 2017 is a real possibility but the said rate of $10000 is a very big dream that wont be fulfilled any time soon. Bitcoin has to first settle the fundamental issues it has with the transaction delays it is having and if the core team could settle the issues the better and then you could see some record prices.

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[shinratensei_]

At least if the price keeps the steady way in over $1000 and the people of the Chinese bank aren't releasing the fuckin fake ban announcement for bitcoin.

Or it goes down again. 

[error08]

https://cointelegraph.com/news/bitcoin-price-will-reach-10000-might-take-another-year-tim-draper

Three years ago, Draper predicted the Bitcoin price to reach $10,000 by now. He remains optimistic regarding the increasing Bitcoin value and expects it to reach $10,000 in a year:

“I predicted a $10000 price on Bitcoin in three years about three years ago. Might take another year.”

That equates to 9,000/365 = $24.66 per day. Luckily, the blockchain is now able to handle all them transactions. It is able to ain't it? Surely, them behind-close-doors meetings were producing such solutions, attendees only taking breaks to advance a rumor or two as fodder for respective trade rags, eh?

Well, great news about bitcoin which the problem about transaction could be solved, is it because blockchain has been upgraded? I know that they had voted about it but have not read about the implementation.
According to the article, looks like the pump come from China regulations again and US investors. I'm concerned about investors will cash out what they had put in the first place, then we will get another significant dump.
Overall, hopefully we won't facing another crash in this year and could reach ATH in February

[aso118]

There are a lot of holders who would be ecstatic if this does happen. But it does appear to be wishful thinking. Draper sure is holding a lot of bitcoins and it makes sense for him to 'talk the price up'.

[LeGaulois]

For a price of $10k i really don't think, it will happen very soon but if it's happen i won't refuse it :p... I would prefer to see it going slowly to 1500-2000$ and keep that price instead to see it at $10k and crashing the  next day to 400$ . As for the man i guess if you ask him every year, every year he will tell you we may need another year. With a good dose of weed you can even say $20000.
But first we are going to see again the 1000$ mark in some days i hope.

[deadsilent]

We are going to pump up again. Its been 2 days when i saw that the price is increasing. This is a good sign that we are going up again. Or maybe its just a bull trap. I hope not. Im sure PBOC will be alarmed again and will spread FUDs. So the price will fall again.

[wmabern]

Not that I believe anywhere near $10,000.

But the spot price just went up about $25 today - so far. Not sure if it will hold or settle back down. I was kinda surprised when I looked and had to do a double-take.

Edit: I wonder if we are going to see a run on the $1,000 level again soon. Interesting. ~$978 now.

[Gleb Gamow]

I doubt very much that we will see bitcoin at $10,000 this year and prob not within the next 3.  i do think it will be at $2000 by the end of Jan 2018 tho.  I think $10000 will be around the next halving.

The possibility of a price range around $2000 at the end of 2017 is a real possibility but the said rate of $10000 is a very big dream that wont be fulfilled any time soon. Bitcoin has to first settle the fundamental issues it has with the transaction delays it is having and if the core team could settle the issues the better and then you could see some record prices.

For bitcoins to reach $2,000 per, that equates to a 1% rise on average every three days. Sustainable?

[DannyHamilton]

For bitcoins to reach $2,000 per, that equates to a 1% rise on average every three days. Sustainable?

I assume you're rounding up to the nearest full percent?

It's actually about 0.65% every 3 days. 1% would get you closer to $3000.

$976 * (1 + 0.01)^(335/3) = $2964.85

$976 * (1 + 0.00645)^(335/3) = $2000.99

Another way to look at it is approximately 0.215% per day:

$976 * (1 + 0.00215)³³⁵ = $2004.08

[Slark]

Bitcoin was designed to be deflationary currency, so in theory we should see some kind of gradual growth.
But so far bitcoin's price was shaped by series of a huge pumps and dumps rather than stable&mild upward trend.
I don't see why bitcoin's nature would suddenly change now to accumulate 1% progressive increase of price.

[Apriand]

Not that I believe anywhere near $10,000.

But the spot price just went up about $25 today - so far. Not sure if it will hold or settle back down. I was kinda surprised when I looked and had to do a double-take.

Edit: I wonder if we are going to see a run on the $1,000 level again soon. Interesting. ~$978 now.

I think $1000 will come very soon, price increase slow but sure. $10k is looking hard but nothing is impossible, we'll just wait and see then to be happy if that happen.

[uneng]

In the last few hours the price rised more than 10$, it's growing fast right now, why is this happening?
And looks it will continue growing yet, maybe until tomorrow in a crescent chart, very near to 1000$ now, but if it continues this way I don't think the price will be stable and there is a medium risk to have bitcoin dropping below 1000$ again...

[ethereumhunter]

We are going to pump up again. Its been 2 days when i saw that the price is increasing. This is a good sign that we are going up again. Or maybe its just a bull trap. I hope not. Im sure PBOC will be alarmed again and will spread FUDs. So the price will fall again.

indeed until now i see the price in poloniex, there was an increase and now reach $971 although there is down until $96x but i hope that the price will reach at least $10xx first so after that the time for altcoin is comes so we can make more profit by selling bitcoin and altcoin together.

[Gleb Gamow]

For bitcoins to reach $2,000 per, that equates to a 1% rise on average every three days. Sustainable?

I assume you're rounding up to the nearest full percent?

It's actually about 0.65% every 3 days. 1% would get you closer to $3000.

$976 * (1 + 0.01)^(335/3) = $2964.85

$976 * (1 + 0.00645)^(335/3) = $2000.99

Another way to look at it is approximately 0.215% per day:

$976 * (1 + 0.00215)³³⁵ = $2004.08

How the hell did I do the math wrong? Since I quote a $2,000 price point by the end of the year (-31 days), my equation became 1,000/334 = 2.994. Since you had me doubting my Leroy Fodor math skills, I resorted to check my by-hand calculations via https://percentagecalculator.net/



Assuming I can still times numbers more betterer then my riting skills or doing percentage thingies, 0.2994 X 3 = 0.8982, of which I did round up to 1%.

Not a diss, Danny, but please follow-up if again I'm truly in error, bud.

Bruno

[KennyR]

Often we might experience a price drop and rise of $25. I don't think of making a gradual increase of $25 for a long time. If so the value goes high than the previous ath in a very short time period. Now it is a good time to profit.

[strasboug]

https://cointelegraph.com/news/bitcoin-price-will-reach-10000-might-take-another-year-tim-draper

Three years ago, Draper predicted the Bitcoin price to reach $10,000 by now. He remains optimistic regarding the increasing Bitcoin value and expects it to reach $10,000 in a year:

“I predicted a $10000 price on Bitcoin in three years about three years ago. Might take another year.”

That equates to 9,000/365 = $24.66 per day. Luckily, the blockchain is now able to handle all them transactions. It is able to ain't it? Surely, them behind-close-doors meetings were producing such solutions, attendees only taking breaks to advance a rumor or two as fodder for respective trade rags, eh?

Nice... although I am bullish on bitcoin, I am not that crazy believing bitcoin will go to $10000 in 3 years, lol. If it actually does, then it is great, but I don't think so.

[DannyHamilton]

How the hell did I do the math wrong?
- snip -
Not a diss, Danny, but please follow-up if again I'm truly in error, bud.

You are correct that it needs to increase by a flat amount of $2.994 per day, and if you had said that I wouldn't have corrected you.

You are also correct that it needs to increase by a flat amount of $8.982 every 3 days, and if you had said that I wouldn't have corrected you.

However, what you said was that it needed "a 1% rise on average every three days", and that's where you made the mistake.

Certainly, $8.982 is approximately 1% (pretty close to 0.92%) of the CURRENT $976, but it is less than half a percent of $1952 which you'll be calculating 1% of about a week before we reach $2000.

If the exchange rate rose by 1% ($9.76) in the next 3 days then the new rate would be $985.76.
A 1% increase on that over the next 3 days would be an increase of $9.8576 (bringing the new rate 6 days from now to $995.6176).
Another 1% increase on that over the next 3 days would be an increase of nearly $9.9562 (bringing the new rate 9 days from now to more then $1000).
Now (9 days from now) 1% is no longer $9.76, it's more than $10.
That increase keeps getting bigger and bigger since the amount that you are taking 1% of is getting bigger.  By the end of 335 days, the rate has grown to nearly $3000.

With a 1% increase every 3 days you'd get to $2000 in about 217 days.  After that, your 1% increase will be more than $20 every 3 days.

If you just go with a flat amount of $8.982 every 3 days, then the percent increase gets smaller as the exchange rate increases (since the numerator of your division isn't changing, but the denominator is growing).

[Gleb Gamow]

How the hell did I do the math wrong?
- snip -
Not a diss, Danny, but please follow-up if again I'm truly in error, bud.

You are correct that it needs to increase by a flat amount of $2.994 per day, and if you had said that I wouldn't have corrected you.

You are also correct that it needs to increase by a flat amount of $8.982 every 3 days, and if you had said that I wouldn't have corrected you.

However, what you said was that it needed "a 1% rise on average every three days", and that's where you made the mistake.

Certainly, $8.982 is approximately 1% (pretty close to 0.92%) of the CURRENT $976, but it is less than half a percent of $1952 which you'll be calculating 1% of about a week before we reach $2000.

If the exchange rate rose by 1% ($9.76) in the next 3 days then the new rate would be $985.76.
A 1% increase on that over the next 3 days would be an increase of $9.8576 (bringing the new rate 6 days from now to $995.6176).
Another 1% increase on that over the next 3 days would be an increase of nearly $9.9562 (bringing the new rate 9 days from now to more then $1000).
Now (9 days from now) 1% is no longer $9.76, it's more than $10.
That increase keeps getting bigger and bigger since the amount that you are taking 1% of is getting bigger.  By the end of 335 days, the rate has grown to nearly $3000.

With a 1% increase every 3 days you'd get to $2000 in about 217 days.  After that, your 1% increase will be more than $20 every 3 days.

If you just go with a flat amount of $8.982 every 3 days, then the percent increase gets smaller as the exchange rate increases (since the numerator of your division isn't changing, but the denominator is growing).

I won't let you trick me into becoming part of your Monty Python skit, but thanks for the coconuts nonetheless. 

[BitcoinBarrel]

You all are acting as if Bitcoin moves in predictable linear paths...

[Loganota]

Only if the USA says that from tomorrow Bitcoin becomes the official currency of the country. In order for there to be a high of this size, much adoption is necessary, which will not happen for no reason. Doubling the value this year is already being very optimistic, imagine x10.