Let's predict the end point of bitcoin~

[aagreement81tw]

When I started to earn some bitcoin, there was a saying that bitcoin would not meet 200US$/1BTC.
But everyone can tell it is much more than that now.......

So~I want to start a new prediction~
Not more than 2000US$/1BTC? Just a wild guess~

[Jacce]

It's really hard to predict, since it could crash tomorrow or just steadily increase over time. But if I have to guess, I'd say maybe 10k USD/BTC?

[bigstinkydinosaur]

So if the value stays the same for three months, would it be advisable to sell it then?

[Betglin]

When I started to earn some bitcoin, there was a saying that bitcoin would not meet 200US$/1BTC.
But everyone can tell it is much more than that now.......

So~I want to start a new prediction~
Not more than 2000US$/1BTC? Just a wild guess~

From what i see the bitcoin are way too much expensive now , people wont have enought fund to push it up more .

[philipma1957]

nobody really knows.  in the long run or the short run.   


top end won't go past 10k .  the   bottom  end worthless. -  a silly guess as I have no idea.

below is fact for usa taxpayers.




short term the last week of dec. and the first week of jan.  are key tax points for big winners and tax payment strategy


  if you sell in dec you take the gain  this year.   and pay tax  in apr of 2014.

if you sell in jan   you take the gain next year and pay tax in apr of 2015. 

 so look for big moves in price dec 20 - jan 10

[Pentax]

When I started to earn some bitcoin, there was a saying that bitcoin would not meet 200US$/1BTC.
But everyone can tell it is much more than that now.......

So~I want to start a new prediction~
Not more than 2000US$/1BTC? Just a wild guess~

From what i see the bitcoin are way too much expensive now , people wont have enought fund to push it up more .

That could be, although as long as there is demand in the marketplace it will continue to rise.  At this point people are still trying and failing to even acquire bitcoins on the general market in some places, indicating to me that demand is still higher than supply which obviates further increase in price.  Add to that the fact that people are just waking up to the fact that it even exists, which would seem to indicate further untapped demand.


In terms of where it stops, that's impossible to say.  That, to me, is a function of multiple events both pro and con.  Firstly, the price has to stabilize for it to be more widely accepted as a means of trade.  If more global vendors, ebay, Amazon, google, etc., start accepting it, which I think they will eventually, price blows up.  Just as in the normal stock market these types of market shifting events will impact price.   If governments, banks, etc., try to stamp it out, which in some cases it is likely they will, prices will fall.  These types will ultimately fail to control it, however, so long term, as long as bitcoin can maintain it's structure and keep the miners/processors making money, therefore keeping their network running, it is viable and pricing is likely to rise further, as it is a finite asset with further demand to be developed.

[Lingler]

if the gorverment declare to denied it will worth nothing , since nothing are backuping these no value coin

[affan]

33.000

[renatoconti]

The end of bitcoin depends on the commitment of a team to keep him alive, while there were people with the thought of keeping a strong currency and believe they can change the world with it, the bitcoin remained until this very moment

My guess is while there was love for bitcoin will never end.

;]

[oteoztsoffn]

Maybe in the future one can buy a house in the outskirts of a city with one bitcoin.

[Mastercoiner95]

I see bitcoin being worth 100k plus OR being worth nothing, not because of a 'speculation/bubble/panic) but because something better arrives,  I can't see that happening for the next 12 months atleast , also I believe the next big thing might be built on top on bitcoin like mastercoin which is a great concept.  I have no idea really but if I had to put my money on it (and I have) I'd say bitcoin will be worth atleast $3000 USD this time next year, or well $0

[ajax3592]

I wish it reaches 1,000,000$ but there's a very minuscule chance of that. In fact, the current rally is going to crash anytime soon.

[mu]

There are way too many factors for any sort of surefire prediction.
That being said, I think $1 million per coin is very possible barring some sort of global ban, serious social stigma, or an altcoin replacing it.

My reasoning:
$1 million/coin is 1000x the current value ($1000/coin).
Bitcoin went from $1 to $1000 on investment from nerds/techies alone.

2014 is going to be the year of "normal" people and Wall Street getting involved. That's going to be a huge amount of money coming in and will easily push up the value an equal or greater amount.

[pgt168]

The End Is Nigh, well maybe not but we are certainly in for some interesting times ahead.

As the flow and focus disseminate around more circles cash and awareness are thrown at this increasing behemoth.  I think it's got a long way to go yet but that it will have some interim short-term growth trending towards the $2k mark with a correction below that support line then will sail past it with the next support being $5k within 3 months. $10k peak soon enough but at those levels it's just going to take away the functionality of it as it will be viewed as an alternate investment to things like gold..

Tulips.  Just remember the tulips people.

[Gator-hex]

It's already surpassed the 1.5bn Ebay paid for PayPal

The next target is the Visa Card Network which would value Bitcoin at about $6000

We got to get people spending the coins though and build an economy. www.takeaway.com

Spread the word about www.BitPay.com to store owners if you want to see Bitcoin pass Visa.

Tell them you just pay for stuff using your mobile phone.
https://play.google.com/store/apps/details?id=de.schildbach.wallet

Eventually people will get it.

Check out this video: http://www.youtube.com/watch?v=qHUPPYzzZrI

[philipma1957]

There are way too many factors for any sort of surefire prediction.
That being said, I think $1 million per coin is very possible barring some sort of global ban, serious social stigma, or an altcoin replacing it.

My reasoning:
$1 million/coin is 1000x the current value ($1000/coin).
Bitcoin went from $1 to $1000 on investment from nerds/techies alone.

2014 is going to be the year of "normal" people and Wall Street getting involved. That's going to be a huge amount of money coming in and will easily push up the value an equal or greater amount.

  12,000,000 coins out and about  9,000,000 left to find.  
  at   1,100 a coin the value of coins out and about = 13.2 billion
  at  10,000 the value is   120 billion.
  at 100,000 the value is   1.2 trillion   this is a very high amount of money.
  at 1,000,000 the value is 12 trillion usd   I can't see this happening .  too big almost 60% of the entire USA national debt.

I can see 10k a coin as 120 billion in worth  is about that of a top company   which with a widespread  net work can be true for BTC.    BTC has a weakness right now cex.io is fucking huge.   If they go poof BTC would take a big hit.

[monbux]

So if the value stays the same for three months, would it be advisable to sell it then?

No... That would mean bitcoin is finally stablizing, which can be good and bad.  To me, it's good, because I wouldn't have to stare at the exhanges 24/7.

[stromma44]

If we are talking about 20 years, somewhere between 1-10 million USD/BTC

It is all about infrastructure (Bitcoin ATMs), and Bitcoin overtaking western union, paypal and other web payment systems.

[reversebackwards]

Here's my prediction: We'll end up with a major cryptocurrency and a major cryptocommodity.  It will be hard for bitcoin to be both.

The price run-up continues, and the scarce, deflationary nature of Bitcoin forces it in to a role of a highly liquid store of value and investment, rather than an everyday currency.  Spending bitcoin is essentially selling an investment with a history of extraordinary positive return, (and, yes, a vote that it can work as a currency).  The more people that are greedy for deflation, the more we move toward tulip mania terrirory.  The analogy is unfair, but I don't think we're quite there yet, although the recent rise in altcoins suggests to me that it's starting to happen.

Another coin which, by design, maintains stable value no matter what happens with its fiat value or mining network, could be much more useful as a medium of everyday exchange.  You don't want to worry about bubbles and crashes when you're buying toilet paper, and that's how I feel when I think about spending Bitcoin.  Holding has just been too good to me since $160/BTC.

[AbcAbcwebd]

I'm new to bitcoin, but based on what I know of economics at large, it all comes back to supply and demand. The supply is running out fast, in the sense that mining seems to become less and less cost effective (I've been told). The demand is the big question mark.
I would argue that the value of bitcoin is mostly speculative. People are interested in it either because they think it's going to catch on as a major currency (where it's actually practical to buy stuff with it), or they expect to be able to trade it for more fiat currency than they paid for it (an investment).

All major currencies today, and indeed corprate stocks as well, are built on percieved value. I can go to a store a trade a $5 bill for a roll of toilet paper, because me and the business and the girl at the checkout counter all agree to "pretend" that that green slip of paper is worth something.

A bubble pops when enough people (or a few wealthy people) stop believing the given commodity is worth as much as has been previously accepted. They cash out, and the value tanks. In the late 1920s the US stock market crashed because enough people realized the prices were artificially inflated far above their actual value. Same with the .COM bubble of the 90s, and the housing market crash just a few years ago.

The thing that makes Bitcoins a little harder to predict, is that their value isn't really tied to any real world object (IE- the value of a single company, as with stocks). It's speculative. It based on an assumption that other people will accept that a coin is worth more than we paid, just as we accepted it's worth more than our bitcoin forefathers paid. Or else that the market stabalizes and it becomes a practical online currency. (The big picture idealists.)