$5000+ bitcoin?

[spazzdla]

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

 

I like the cut of your jib.

This thread has me all hot and bothered.. this is a good thread.

[BitchicksHusband]

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

What's "more realistic" is bitcoin going up 10x every year since the beginning.  Since we are still pretty soundly in the early adoption phase, what's "most realistic" is that it continues to do so this year.  Since we started the year over $500, it's very realistic that we will exceed $5000 this year.

[mymenace]

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

What's "more realistic" is bitcoin going up 10x every year since the beginning.  Since we are still pretty soundly in the early adoption phase, what's "most realistic" is that it continues to do so this year.  Since we started the year over $500, it's very realistic that we will exceed $5000 this year.

+1 this

I have tried and tried and tried to not acknowledge the realistic evidence that bitcoin goes up 10x every year since the beginning

it is unrealistic to think this can occur on an investment, we are always told if it is too good to be true it is not real

but there is the evidence

[xDan]

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

What's "more realistic" is bitcoin going up 10x every year since the beginning.  Since we are still pretty soundly in the early adoption phase, what's "most realistic" is that it continues to do so this year.  Since we started the year over $500, it's very realistic that we will exceed $5000 this year.

+1 this

I have tried and tried and tried to not acknowledge the realistic evidence that bitcoin goes up 10x every year since the beginning

it is unrealistic to think this can occur on an investment, we are always told if it is too good to be true it is not real

but there is the evidence

are there any statistics showing if userbase, merchant adoption etc, are increasing by 10x a year?

[mymenace]

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

What's "more realistic" is bitcoin going up 10x every year since the beginning.  Since we are still pretty soundly in the early adoption phase, what's "most realistic" is that it continues to do so this year.  Since we started the year over $500, it's very realistic that we will exceed $5000 this year.

+1 this

I have tried and tried and tried to not acknowledge the realistic evidence that bitcoin goes up 10x every year since the beginning

it is unrealistic to think this can occur on an investment, we are always told if it is too good to be true it is not real

but there is the evidence

are there any statistics showing if userbase, merchant adoption etc, are increasing by 10x a year?

http://blockchain.info/charts

great charts all types of trends

not sure if they show 10x merchant adoption etc

I think these trends would have a different adoption, unsure

for instance overstock adopting btc would result in a far lot more transactions and increase in the transaction trend than the merchant trend

is this right

[xDan]

http://blockchain.info/charts

great charts all types of trends

not sure if they show 10x merchant adoption etc

I think these trends would have a different adoption, unsure

for instance overstock adopting btc would result in a far lot more transactions and increase in the transaction trend than the merchant trend

is this right

thanks

the transaction one seems like a factor of 10x every 2-3 years. So maybe $5000 this year, $10000 the year after...

Their "my wallet" user stats are growing at a crazy rate.

[leopard2]

Sure, absolutely. Look at it:

1. FIAT MONEY created at zero difficulty by a central bank. For example ECB creates unlimited EUR, a scamcoin that is now equipped with negative interest rates, to make people take more EUR

2. BTC, a highly useful private money, with a limited supply and very hard to mine, difficulty 10 billions and rising.

Why should a BTC not be worth 5000 scamcoins?

Even a devcoin is harder to mine than a EUR (for ECB, that is) 

[blacky90]

euro,dollar,yen are all the same shitcoins

[mymenace]

Sure, absolutely. Look at it:

1. FIAT MONEY created at zero difficulty by a central bank. For example ECB creates unlimited EUR, a scamcoin that is now equipped with negative interest rates, to make people take more EUR

2. BTC, a highly useful private money, with a limited supply and very hard to mine, difficulty 10 billions and rising.

Why should a BTC not be worth 5000 scamcoins?

Even a devcoin is harder to mine than a EUR (for ECB, that is) 

http://www.trueactivist.com/gab_gallery/the-biggest-scam-in-the-history-of-mankind-debt-ceiling-truth/

[Taras]

I have a friend of mine at the conference this weekend and he has been speaking to a few people who think a $5000 + bitcoin could be possible.

Thoughts ?

You're crazy.
Your friend is crazy.
The people your friend talks to are crazy.
I'm crazy.
We all have two things in common.
We're passionately crazy, and we know it's going to happen.
██╗  ██╗ ██████╗ ██████╗ ██╗     
██║  ██║██╔═══██╗██╔══██╗██║     
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██║  ██║╚██████╔╝██████╔╝███████╗
╚═╝  ╚═╝ ╚═════╝ ╚═════╝ ╚══════╝

By the way:
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[zimmah]

you misspelled 2014

[Peter R]

are there any statistics showing if userbase, merchant adoption etc, are increasing by 10x a year?

Measures of usage seem to be growing at roughly 3.2X per year, inline with Metcalfe's Law that states that the value of a network is proportional to the square of the number of connections.

[romerun]

5000 could totally be ath of this current rally if history repeats itself

[painlord2k]

5000 could totally be ath of this current rally if history repeats itself

Between 4K-8k, more probable 4K-6K,

The greatest potential will be seen in the future, when closed loops will establish and there will not be need for converting all BTC (or a large part of them) in fiat for the nodes in the loop.

[swecrypt]

I have a friend of mine at the conference this weekend and he has been speaking to a few people who think a $5000 + bitcoin could be possible.

Thoughts ?

My guess: Possible this year but I would rather think around $2500 this year and at least $5000 next year. For 2016 we could see $25000 or even more.
From there who knows. If we get mass adoption and the US dollar crashes then so does EUR & GBP. Then we'll go to a moon in another galaxy. So I will be hodling an buying for at least 5 years.
Even if BTC wont be "the final global crypto winner", it's not a problem for us. Surely most of us will see such development early and exchange our BTC to the new global standard in due time and possibly make even more by being even earlier adopters then we are now.