Will BTC hit $10.000 in Q1 of 2014 ?

[Ibian]

It is possible that the price to raise up to $10.000 in the Q1 of 2014 ?

Possible, but extremely unlikely, IMO.

This is interesting. Bear avatar, trivial amount of savings invested in bitcoin, yet admits the possibility?

[1715145790]

1715145790

[evolve]

This is interesting. Bear avatar, trivial amount of savings invested in bitcoin, yet admits the possibility?

I've been trading bitcoins for @ 2 years,  I've seen enough not to discount the possibility.  That said, I strongly believe $10,000 in the next year is a pipe dream.

Yes, I only hold a trivial amount in BTC,  the insane amount of volatility makes for a good speculative vehicle, but a poor store of value.  Also, I strongly believe in diversification, and my investment portfolio reflects that...I would never stack all my money on one investment platform.

The bear avatar is a hold over from the second major bubble;  In the short term, I am bullish (but cautious) on the price.  That said, whether I am bullish or bearish on the market can vary from day to day, and highly depends on the current state of the market.

[Alvara80]

I've said it to friends, but people need to stop thinking in whole BTC.
A truly catchy name needs to be used for something smaller than a BTC. Like Satoshis but bigger.

Why is this? Pretty simple, $1000 a BTCsounds huge for something you can't hold in your hand. But! If an bit dollar was 0.000001 BTC. You could say right now you can buy a 1000 bitdollars for $1.
Or on Amazon you are looking at an item that is normally $11 it would show 0.011 BTC. The first is easy. the second is unwieldly for most people.  (scientific/mathematical notation is all well and good for some people, but average people will prefer a simpler squeme.

So if the community wants BTCto go to $10k and beyond. The community needs to start using a smaller denominator for wider adoption to really occur.

Just my opinion. Since I think of my mining of BTCas mining satoshis. Since it's satoshis that will be meaningful in 5 years.

[flyG]

Like Satoshis but bigger.

mBTC: https://en.bitcoin.it/wiki/MilliBit

[flynn]

Or ... we could make it the anglosaxon way

Each bitcoin would be 12 feetcoins
Each feetcoin would be 16 ozcoins
And each ozcoin would simply be divided into 17 milecoins

...

[Wekkel]

If it hits $10k, I see no reason why it should not hit $100k as well.

[dark143i]

I Really doubt it will hit by Q1. Its too early. But nothing is Impossible.

[flynn]

If it hits $10k, I see no reason why it should not hit $100k as well.

Maybe the missing trillion $ explains this ?

[Wekkel]

If it hits $10k, I see no reason why it should not hit $100k as well.

Maybe the missing trillion $ explains this ?

Why would it require an additional $ trillion?

[flynn]

Well, 10,000,000 coins * 100K = 1 trillon $

they've got to be somewhere, or at least some of it

[zimmah]

Or a large part of humanity being too stupid to understand they're putting all their trust in monopoly money and fraudulent banks.

Likely. Very likely in fact, I'd say. It wouldn't do to crash the system without suckers to suffer for it. In fact, given the nature of debt based money they can't wait until everyone decides to cash out. What happens after, that... will be interesting.

naturally bitcoin will increase in value by a lot, the only question is, will there be a world left to buy?

[zimmah]

Or ... we could make it the anglosaxon way

Each bitcoin would be 12 feetcoins
Each feetcoin would be 16 ozcoins
And each ozcoin would simply be divided into 17 milecoins

...

but then we also need american ozcoins, which are slightly smaller.

we also need stonecoins because that just sounds cooler, even though stones measure the same thing as oz, but that doesn't matter, they just sound cool.

[Wekkel]

Well, 10,000,000 coins * 100K = 1 trillon $

they've got to be somewhere, or at least some of it

Not each single coin has to be bought for $100k. In theory price could reach $100k with one single coin exchanging over and over again. Since Bitcoin has extreme limits (no P/E involved), it can reach extreme heights as long as fools keep buying 

[matt4054]

And there is much more than 1 trillion dollars issued and circulating right now

[lambdaE]

Well, 10,000,000 coins * 100K = 1 trillon $

they've got to be somewhere, or at least some of it

Maybe about 1% of 1 trillon $ to keep 100K price relative stable

[Seanzqt]

I doubt we will see it over a 2 year period 

[porcupine87]

if it is an S-curve (and it looks like it so far) it will decelerate when the market is saturated. The market is only pretty much saturated when everyone who wants bitcoin, has bitcoin. And as long as people realize the dollar is just worlds biggest ponzi scheme (and any other fiat is as well), they will eventually want bitcoins.

if Bitcoin will ever be successful (whatever that might be) you have an s-curve. It start's with zero. Then it has to grow exponentially. Only that way you can come to big numbers. But exponjentiality lasts never forever. So there comes a saturation. It's the same with the rats in australia or the spreading of big newe like the earth quake in Fukushima. There is always the first who knows. Then it gets spread (news), but finally nearly everybody knows and the spreading gets saturated.

But were are we at the s-curve? At the steepest part? I don't know

[Luckybit]

It is possible that the price to raise up to $10.000 in the Q1 of 2014 ?

Possible, but extremely unlikely, IMO.

I think it's very likely based on the growth in 2013. I don't see growth slowing down, it's speeding up.

I will be the first one here to predict that we will surpass 10k in Q1 2014.