$5000+ bitcoin?

[BitChick]

I am still optimistic! Maybe even more so now! 

[tinus42]

I am still optimistic! Maybe even more so now!  

It's only likely going to be a lot slower than these first 4 years. You should prepare to be in it for the long haul. Expect not to buy an apartment with your investment in BTC in 2017. See it as a long term savings.

[600watt]

I am still optimistic! Maybe even more so now!  

It's only likely going to be a lot slower than these first 4 years. You should prepare to be in it for the long haul. Expect not to buy an apartment with your investment in BTC in 2017. See it as a long term savings.

when deep pockets start pouring in money, when institutional investors start jumping in, when it hits mainstream and everyone wants to throw some money in - the expansion will not be slower. long haul is correct, but do expect to buy several apartments with your investment  .
it has been estimated there are 340 k bitcoin holders currently but there are 12 mio millionaires in the world. so there´s  p l e n t y  of room.

[BitChick]

I am still optimistic! Maybe even more so now!  

It's only likely going to be a lot slower than these first 4 years. You should prepare to be in it for the long haul. Expect not to buy an apartment with your investment in BTC in 2017. See it as a long term savings.

when deep pockets start pouring in money, when institutional investors start jumping in, when it hits mainstream and everyone wants to throw some money in - the expansion will not be slower. long haul is correct, but do expect to buy several apartments with your investment  .
it has been estimated there are 340 k bitcoin holders currently but there are 12 mio millionaires in the world. so there´s  p l e n t y  of room.

We should dress like bulls for Halloween tomorrow. 

It is exciting times for sure.  I think it will be like the Gold Rush pretty soon.  Articles like the one just posted about someone forgetting their BTC and in a few years buying an apartment will only help fuel the fire. 

Hubby and I are only putting in what we can afford to lose ALL of though.  No mortgaging the house or anything.  It is still a risky investment but I think it is less so than a year or two ago for sure.  That seems fair enough to me.  The risk takers get greater rewards.

[painlord2k]

I am still optimistic! Maybe even more so now!  

It's only likely going to be a lot slower than these first 4 years. You should prepare to be in it for the long haul. Expect not to buy an apartment with your investment in BTC in 2017. See it as a long term savings.

What a lot of people undervalue is the inflation differential between bitcoin and the USD, € and the other currencies.
For example, this is the M0 money base of the USD


It is expanding like crazy like five times in 6 years (2008-2014) and probably will expand even faster.

Why keep your savings in devaluating USD when you can keep your savings in revaluating bitcoin, gold, silver, whatever?

As the price grow and the use of bitcoin increase, more and more people will find obvious to move from fiat  and fiat denominated assets to commodities and bitcoin.
Who don't will lose and be lost. I suppose you know the partabe about the house built on sand and the house built on rock.
A lot of people will follow the example of the people investing in Bitcoin. They will do it after the first have positioned themselves and the second have lost a lot of purchasing power.
And when the second have lot a lot of purchasing power, the first will be there with a lot more purchasing power than before.
And the second will buy bitcoin from the first and will sell houses, shares, daughters, land (be careful with all of these because could be lousy deals).
And the first will become wealth and wealthier and the seconds will work for the first as it must be.

 

[BitchicksHusband]

I am still optimistic! Maybe even more so now!  

It's only likely going to be a lot slower than these first 4 years. You should prepare to be in it for the long haul. Expect not to buy an apartment with your investment in BTC in 2017. See it as a long term savings.

I think the people arguing about technology S-curves are correct.  Pretty soon it's going to go vertical.  As soon as bitcoin funds show up for your 401k/IRA in the US, it's gonna skyrocket.

[realdos]

Looking back to this post, those days were full of joy and hope, mixed with doubt and fear.

[BitChick]

I am still optimistic and even more excited than I was in October!    Bitcoin is a fun "ride."  Half the fun is just aticipating the next rally I believe.  It is like waiting for Christmas morning.

[zimmah]

$5000 will happen if bitcoin catches on. But it is likely years away. NO WAY will we see $5k by the end of this year. We won't even see $1k by the end of this year.

In fact, I'd be honestly surprised if we were at $200 at the end of this year. I think a reasonable high for the rest of this year is $160-$170 perhaps.

 

[MNDan]

Rinse...repeat!

[piramida]

$5000 is a long shot. Judging from the price log scale, bitcoin will be 1000$ by the end of year. When do you think bitcoin will reach $1000 ?

September.

ZB, so close.

[painlord2k]

When the breakthru happen, the last two times, 30 days were enough to double the price.
So 900 in 30 days from now, if we break decisively over resistance at 455$

[Bytas]

5 thousand dollars isn't cool. You know what's cool? 5 million dollars.

 

5 million a coin is impossible, even if every single person on earth would instantly start using BTC.

GDP of the entire world: 71 Trillion.
Number of coins: 21 million -> value per coin: 3,4 million, enjoy

[bryant.coleman]

5 million a coin is impossible, even if every single person on earth would instantly start using BTC.

Agreed. If the exchange rate of one BTC crosses $5,000,000, then the USD will be having no more value than the toilet paper (it will become similar to the Zimbabwe Dollar). 

[painlord2k]

5 thousand dollars isn't cool. You know what's cool? 5 million dollars.

 

5 million a coin is impossible, even if every single person on earth would instantly start using BTC.

GDP of the entire world: 71 Trillion.
Number of coins: 21 million -> value per coin: 3,4 million, enjoy

It is not an impossible quote.
Just think about Forex Market.
Falkvinge computed 1 M $/btc is the Forex market used bitcoin for 10% of the trade's volume (with 25% of BTC used and the other kept in reserve/hold).
If you make it 100%, it is around 10 M$/btc.

Trace Meyer just got 2.8 M $/btc if all usd in offshore accounts (fiscal heaven) are converted in BTC.

If you add the two together, you get 25% of BTC used for Forex exchange, 25% kept in tax heaves (something like it), 50% for everything else (in reserve in the pockets of companies and people and used for common transactions at the grocery stores and likes).
And this is just for 10 M $/BTC

[jubalix]

5 thousand dollars isn't cool. You know what's cool? 5 million dollars.

 

5 million a coin is impossible, even if every single person on earth would instantly start using BTC.

GDP of the entire world: 71 Trillion.
Number of coins: 21 million -> value per coin: 3,4 million, enjoy

gdp accumlates over years.....eg 20 years = 20 x gdp worth + interest/inflation

[DolanDuck]

5000$+ per bitcoin isn't impossible, I'm almost sure btc will reach those values in a couple of years.
With the reward halving in 2016 the selling pressure will be lower, the adoption is growing
every day between people and merchants, the future can't be brighter.

[thecoinjournal]

5000$+ per bitcoin isn't impossible, I'm almost sure btc will reach those values in a couple of years.
With the reward halving in 2016 the selling pressure will be lower, the adoption is growing
every day between people and merchants, the future can't be brighter.

We may see it this year.

[gondel]

Let's wait for the reward halving in 2016 then it's likely to happen.

Yes this is something more realistic.
Not sure what advise can give, but the thing i am sure about is that BTC is not predictable!
BR

[zimmah]

5000$+ per bitcoin isn't impossible, I'm almost sure btc will reach those values in a couple of years.
With the reward halving in 2016 the selling pressure will be lower, the adoption is growing
every day between people and merchants, the future can't be brighter.

We may see it this year.

by the time we hit the reward halving in 2016 we're more likely to be deep in the 6 digit territory.