When will Bitcoin hit $500?

[Gordonium]

Discuss.

[rausvi15]

14days..

[Crazy]

Since all anyone can do is guess, mine is... to hit $500? maybe a week or two. To be a stable valuation? Maybe a year or two.

[Come-from-Beyond]

In 4 days.

[tbcoin]

 

I'm not averse to drawing lines on things, so in order to answer the question on everyone's lips, which is when is the current run up going to correct, I thought I'd try something new...



The first run up to ~$32 gives us two price points, the point where the run up started and the high point at which the correction came. This allows us to draw a line (A).

The second time this happened was in the run up to $266, again the point where steady growth started to run away, and the correction point describe another line (B).

The intersection of these two lines, becomes the origin (Origin), from which it is possible to project knew lines, when a new run up commences - such as seems to be beginning now, here I have projected from the origin to the start of the run up a few days ago (C)

The next part of the projection comes from the high points themselves, these describe a further gradient (D), which intersects the projected run up lines. Where it intersects the current run up projection the indicator shows both the target price point (E) and date (F) at which the correction will occur.

As you can see the latest run up is probably only going to run for another fortnight before it corrects just before the end of november, slightly over the $500 mark.

Extrapolating in this fashion its clear to see that as time goes on this method handily projects the run up trajectory and correction points during this manic growth phase of bitcoin. Of course once we hit mass market adoption this becomes redundant. During this growth phase though it is sound. As time goes on the shallower rate of increase, and the duration/correction point being proportional to the length of time between run-ups, but also becoming less 'euphoric bubble' and more a tendency towards stable growth, with the most important thing being to note about the method being, that if you believe this crap, then you are crackpot insane.

[fallinglantern]

14days..

You mean...

two weeks^tm

[klee]

14days..

You mean...

two weeks^tm

This 

[adamstgBit]

damn i need to get me some more bitcoins... 

[EatonABooger]

As you can see the latest run up is probably only going to run for another fortnight before it corrects just before the end of november, slightly over the $500 mark.


And the best part of this whole thing is the use of "fortnight"  !!!!

I love it.   Plus, I believe the 2 week swag ... err I mean analytic conclusion.  Great work.

[mccorvic]

Eventually

[Taxidermista]

Tomorrow.

[shizuska]

I think we will hit 500 in January, this rally cant continue for very long (i hope it could)

[rampantparanoia]

soon.

[rocks]

14days..

You mean...

two weeks^tm

two weeks^tm means sometime maybe later next year, just ask Josh.

14 days means .... 14 days

These are very different metrics 

[smoothie]

Before the end of November?...that would be sweet. 

[wtfvanity]

14days..

You mean...

two weeks^tm

two weeks^tm means sometime maybe later next year, just ask Josh.

14 days means .... 14 days

These are very different metrics 

Yes, VERY different.

My guess? Tomorrow.

[Chalkbot]

Another graph with lines!

[Wekkel]

Another graph with lines!

Not likely but Bitcoin never ceases to amaze.

[renaxi]

As long as it happends within the next year, i really dont care.

[antimattercrusader]

I'm pissed it didn't happen in the last 2 hours.

[matt608]

hmmm this is a tough one.  I have quite high confidence we will reach $400 during this bubble, 2-4 weeks is my guess for $400.  $500 however I'm not sure if we will reach it this time, bitcoin might crash before then.  But I'll be bold and say this bubble will self-sustain until next year and then buttercoin will launch and shoot us up to $500 in January.  Or we could crash back to $100-$200 in a few weeks.

[bitboyben]

Another graph with lines!

Not likely but Bitcoin never ceases to amaze.

Maybe this time we can skip the spike and stabilize at $300 and growing.
Unless we need more publicity.

[ThatDGuy]

Maybe this time we can skip the spike and stabilize at $300 and growing.
Unless we need more publicity.

I don't think we have a choice.  If growth continues at anything close to this rate, Bitcoin is going to get a lot more attention, money, and violent spikes.

[phlogistonq]

The later the better. At the current rate, I'd say we'd hit it within two weeks. I would rather slow down a bit and keep going up for longer. Ofcourse, we'll crash again to the normal exponential growth, but that's fine. I didn't hurt me a bit last time 

[bitrider]

I think $500 by January is pretty reasonable. I'm interested to see if the big money players now in the market actually serve a stabilizing effect and lessen the explosive boom bust cycles and just keep the bull going relatively steady. That's my guess, as they have a lot of incentive to do that and keep the fear level low. And we are still at a stage where it does not take very much $ to move the market - at least smooth the market.

Does not really matter in the big picture, but would just nicely speed the adoption process along.

[barbs]

I think $500 by January is pretty reasonable. I'm interested to see if the big money players now in the market actually serve a stabilizing effect and lessen the explosive boom bust cycles and just keep the bull going relatively steady. That's my guess, as they have a lot of incentive to do that and keep the fear level low. And we are still at a stage where it does not take very much $ to move the market - at least smooth the market.

Does not really matter in the big picture, but would just nicely speed the adoption process along.

Agreed. Incentive is to keep fear low, no reason for being greedy right? Unfortunately we humans prove ourselves every time. So we'll see what the future holds, for now we're optimistic

[600watt]

on november 17th


 

[cctvtech]

soon.

Soon^tm

[SOSLOVE868]

Another graph with lines!

Oh, dude ,why don't you make the line with more shape slope ,so we can touch the sky like 1000USD in tomorrow....

[DAN444]

With all the panicking American Swiss bank account holders, it will

[SOSLOVE868]

With all the panicking American Swiss bank account holders, it will

U got the point!!!!!!

[antimattercrusader]

With all the panicking American Swiss bank account holders, it will

Oh what juicy tidbit of news did I miss?

[DAN444]

With all the panicking American Swiss bank account holders, it will

Oh what juicy tidbit of news did I miss?

The Swiss bank voluntary disclosure program is just another way of disclosing information on American taxpayers

50 percent maximum penalty for banks that come forward by Dec. 31....
http://www.bloomberg.com/news/2013-09-08/secret-swiss-accounts-said-no-longer-safe-for-tax-dodging.html

[Inedible]

I think this one will hit around the $400 mark and then burst. It'll be the next bubble before it hits $500.

[silversurfer]

If we get through 2000CNY (~330USD) then we have a shot.  But I think 2000CNY is the next hurdle.

[antimattercrusader]

With all the panicking American Swiss bank account holders, it will

Oh what juicy tidbit of news did I miss?

The Swiss bank voluntary disclosure program is just another way of disclosing information on American taxpayers

50 percent maximum penalty for banks that come forward by Dec. 31....
http://www.bloomberg.com/news/2013-09-08/secret-swiss-accounts-said-no-longer-safe-for-tax-dodging.html

"Another 38,000 Americans moved $5.5 billion to the U.S. and avoided prosecution by saying who helped them offshore."

#1: Stinkin RATs.
#2: What the hell did the people offshore helping do wrong? Is it locally illegal for someone in another country to help a US Citizen avoid taxes? That's on the US citizen I'd think but who knows thesedays.
#3: *Sigh*

[assortmentofsorts]

I agree with 14 days. I have something cooking which will boost the value to 500$ minimum. You guys just have to wait for few more days for the announcement

[FNG]

Tomorrow

[RenegadeMind]

soon.

+1

Now, once more with feeling!

[LOADING.READY.RUN]

At current rate next week  

[DoomDumas]

Before 2014..
See my signature

[mvidetto]

Within 10 days imo.

[Liquid]

[Come-from-Beyond]

Could u extend the graph? I'd like to see when it touchs the one million mark.

[Liquid]

Prob 2020 

[Come-from-Beyond]

Prob 2020 

In 2020 dollar won't be used for payment

[Liquid]

no point having 1 million pieces of toilet paper lol

[pand70]

500$ by monday. China is unstobubble 

[fallinglantern]

Could u extend the graph? I'd like to see when it touchs the one million mark.

Based on linear extrapolation, October 2017.

[Frizz23]

Could u extend the graph? I'd like to see when it touchs the one million mark.

Seriously people! 1.000, 10.000 or 100.000 $ for one BTC? BTC will become more and more attractive for hackers and thieves. There will be massive waves of wallet.dat stealers, trojan horses, etc. People will kill to get one lousy Bitcoin.

Don't you see the massive implications that this will bring? And that this alone will stop BTC from rising "forever".

[BitChick]

Could u extend the graph? I'd like to see when it touchs the one million mark.

Seriously people! 1.000, 10.000 or 100.000 $ for one BTC? BTC will become more and more attractive for hackers and thieves. There will be massive waves of wallet.dat stealers, trojan horses, etc. People will kill to get one lousy Bitcoin.

Don't you see the massive implications that this will bring? And that this alone will stop BTC from rising "forever".

As better services are in place with better security, this will lesson I would think.  It is already better than it was a year ago!  But there will always be a risk of hackers and scammers.

But as the price increases the new people adopting BTC for use will not be holding 1BTC  they will be most likely only holding 0.01BTC in their wallets.  Just like we hold a few bucks in our pockets. 

[bitjoint]

$330 January?

OMG that graph is SOOOO yesterday!

(literally)  

[rampantparanoia]

no point having 1 million pieces of toilet paper lol

what if you have chronic diahrrea?

[mvidetto]

Could u extend the graph? I'd like to see when it touchs the one million mark.

Seriously people! 1.000, 10.000 or 100.000 $ for one BTC? BTC will become more and more attractive for hackers and thieves. There will be massive waves of wallet.dat stealers, trojan horses, etc. People will kill to get one lousy Bitcoin.

Don't you see the massive implications that this will bring? And that this alone will stop BTC from rising "forever".

Yeah but also people will have less and less on average as more people come into the scene buying bitcoins.  Stealing bitcoins will be just as lucrative as it is today.

[bitboyben]

I like that 0.59% graph you got there.
I was going to suggest 1-2% Per day up until the next Panic Bitcoin Sale (correction).

[antimattercrusader]

Hopefully in the same amount of time it took from the time you posted your $300 thread until BTC was 300.