Will BTC hit $10.000 in Q1 of 2014 ?

[KFR]

In order to get to 10.000 you need people willing to pay 10.000 per bitcoin. It might be possible in the very long term, but I don´t think this is going to happen in such a short timeframe.

Or you need people willing to pay $10 for 1mBTC.

[Ivanhoe]

5 days ago I would have said yes, right now, definitely not.

I'm curious about your opinion over another 5 days.

[mladen00]

look at this posts
https://bitcointalk.org/index.php?topic=322058.0;topicseen

[xDan]

5 days ago I would have said yes, right now, definitely not.

makes me think the opposite. We knew it was growing a bit too fast much like other bubbles, and a crash was likely, yet it hasn't crashed too hard or too fast... Short term traders got scared, but plenty of people believe $1000 and higher is a reasonable price. I'm sure there's fat whales continually buying.

the next bubble's gonna be REALLY exciting

[Ibian]

In order to get to 10.000 you need people willing to pay 10.000 per bitcoin. It might be possible in the very long term, but I don´t think this is going to happen in such a short timeframe.

In order to get to 100 you need people willing to pay 100 per bitcoin. It might be possible in the very long term, but I don´t think this is going to happen in such a short timeframe.

I'm going with the tenfold increase every year theory, personally. This has proven to be conservative recently but this way I don't end up disappointed if it's "only", say, a thirteen-fold increase. So Q3 maybe?

I was reading the other day that there was a big spike in value of BTC when the Cyprus nonsense was going on.  So, if you think there might be any more destabilizing events, or more confiscations of wealth, BTC might go further up.

This is the sort of thing that will really drive price up, yes. And yeah it will happen. Cyprus was just a test case, now that our Great Leaders know we will accept it, it is going to happen over and over with increasing frequency and severity until it becomes the new normal.

[zachcope]

Each spike contributes to greater penetration and greater adoption.
Merchant and individual use continues to grow.
This provides the infrastructure to respond to the acute events that will occur in the global economy over the next few years.
I suspect bitcoin value rise will be gradual with spikes as new disasters effect financial markets until a fiat flee into bitcoin becomes a race, rather than a theoretical idea.

[sgbett]

Santa Clause rally incoming!! hehe

$10k by xmas. Now that would be funny.

Santa on a Choo Choo motherfucking train 

Need a Meme for this !

I leave captioning to the crowds

[Hfertig]

In order to get to 10.000 you need people willing to pay 10.000 per bitcoin. It might be possible in the very long term, but I don´t think this is going to happen in such a short timeframe.

Or you need people willing to pay $10 for 1mBTC.

There is no difference.... they are still paying 10k for 1 BTC

[henryreardon]

Bitcoin could reach 10K if amazon starts accepting it BUT that wont happen if value keeps crazy jumping

Why not?  If major vendors like Amazon or Google or eBay start accepting btc's today, all they have to do is immediately exchange to fiat.  In that instant volatility is irrelevant, btc is just serving as a proxy to the dollar for a nanosecond or so.  But the benefits to the company (perception of being in the vanguard) and to btc would be immense.

I have been predicting a major ecosystem announcement for about a week now, we are due anytime I think.  Lots of guys in garages burning the midnight oil on btc projects as we speak.

[porcupine87]

look at this posts
https://bitcointalk.org/index.php?topic=322058.0;topicseen

I love exploration like that. Bitcoin was at 13$ one year ago. So the price is risen 6600%. So therefore the in one year the price is at 50 000$. An by the end of 2015 we see 350 000$. And guess what we see in 2040  

Oh yeah, from dec 2011 to dec 2012 it were only 400%?

Hm let's see:
Dec 2009: 0$, so we skip that.
Dec 2010: 0.24$
Dec 2011: 3.5$
Dec 2012: 13$
Dec 2013: 900$

So we draw a regression line. Or let's just calculate: 0.24*(growing rate)^3 = 900$
-> 1500%
So:
Dec 2014: 13,500$
Dec 2015: 200,000$
Dec 2020: 150000000000$
Dec 2050: you get the idea


-> and this is exactly what rpietila did. I think he also never heard of a S-curve.

[nwbitcoin]

Bitcoin could reach 10K if amazon starts accepting it BUT that wont happen if value keeps crazy jumping

Why not?  If major vendors like Amazon or Google or eBay start accepting btc's today, all they have to do is immediately exchange to fiat.  In that instant volatility is irrelevant, btc is just serving as a proxy to the dollar for a nanosecond or so.  But the benefits to the company (perception of being in the vanguard) and to btc would be immense.

I have been predicting a major ecosystem announcement for about a week now, we are due anytime I think.  Lots of guys in garages burning the midnight oil on btc projects as we speak.

This is exactly what I have been telling people - BTC is the transport, not the end result, although it does have some basic value in it as a store.

What people are also not seeing is that it isn't people buying 1 BTC for $10K, they will be buying 0.1 BTC for $1000 - knowing that its still worth $1000 for the internet sale they are arranging later that day.  Its long term value will be irrelevant to people when it becomes mainstream!

This is why I don't see it having a long term value - much like Domain names were going for $100k+ during the dotcom days and today, people are smarter in how they buy their online company names.

[Hyena]

depends on many things;

$, oil, gold, silver, nwo....

you forgot reptilians

[barbs]

Santa Clause rally incoming!! hehe

$10k by xmas. Now that would be funny.

Santa on a Choo Choo motherfucking train 

Need a Meme for this !

I leave captioning to the crowds

This is simply fantastic.

[matt608]

My guess is that BTC will be over $10k at the end of 2014.

[Davyd05]

Santa Clause rally incoming!! hehe

$10k by xmas. Now that would be funny.

Santa on a Choo Choo motherfucking train 

Need a Meme for this !

I leave captioning to the crowds

This is simply fantastic.

gotta agree this is what I was showing my friends who were wondering where it was going. I said this weekend will probably test the new bottom for the year and will wedge us for support to some new ath but I am not predicting 10k.. I did predict 1k by June and look what bitcoin did to me

[alexeft]

This is exactly what I have been telling people - BTC is the transport, not the end result, although it does have some basic value in it as a store.

Bitcoin is not only a transport. It is also a perfect store of value!!!

[Davyd05]

This is exactly what I have been telling people - BTC is the transport, not the end result, although it does have some basic value in it as a store.

Bitcoin is not only a transport. It is also a perfect store of value!!!

I think managing and storing your own money is huge part. Bank fees are so silleh

[nwbitcoin]

I think managing and storing your own money is huge part. Bank fees are so silleh

But storing your own money isn't a reason to use it - people have a low level of confidence when it comes to financial transactions. I would say that at least 80% would prefer to have someone else do the hard work, and offer 100% security while they are at it!

;-)

[BitchicksHusband]

End of Q2 at the earliest.  We could see $5000 by the end of Q1 maybe, but more likely $3000.

[nwbitcoin]

End of Q2 at the earliest.  We could see $5000 by the end of Q1 maybe, but more likely $3000.

I would forecast this
$1200 Jan 2014
$2000 Mar 2014
$4000 Oct 2014
$5000 Dec 2014

Based loosely on what happening in 2013