Price at end of 2014?

[Parazyd]

My prophecy is getting close

Choo choo!

[1715363925]

1715363925

[1715363925]

1715363925

[BitChick]

We went from about $15 at the beginning of 2013 to about $700 right now (we are still not done with 2013 either) and most of you think all it will do in 2014 will rise to $2000-$7000?  BTC increased in value about 50x this year.  If we multiply $700 X 50 we get $35,000.  I think that is totally realistic because people are just starting to hear about BTC and we are on the brink of more companies using and accepting BTC as well.

My expectations, that are based on the past behavior of BTC and the exponential growth rate is that we will hit $35,000 to even $50,000 by the end of next year.  

Except it doesn't work like this. You can't assume that because it grew so much in one year it will continue to do so the next.

But it already has worked like this for the past couple of years, and next year should be an even bigger year with news, more companies investing, wall street getting involved.  I think I am being really conservative with these numbers basing it on this year's growth.  It could be even more then this.  I am not the only one that believes this either and I am not just guessing at these numbers.  This is just based on the adoption curve of new technologies and there has been proof already that we are on a logarithmic growth scale that seems to be fairly accurate.  The big "crashes" just bring the price closer to this scale and we continue on.  The really good traders out there are the ones that can predict when the price is over this growth rate and sell accordingly.  I am not always confident that the price will keep dropping or when the top of the rises are so I just hold but there is some definite math involved here that can be used if studied.

What I am trying to say is that $2000 to $3000 is not realistic.  That is way too low of a number.  Call me crazy or just bring this thread back in December of 2014 and see who was right.

I think I am.  I am holding. 

[guybrushthreepwood]

What I am trying to say is that $2000 to $3000 is not realistic.  That is way too low of a number.  Call me crazy or just bring this thread back in December of 2014 and see who was right.

I think I am.  I am holding. 

So have you put your entire life savings into BTC?

[ThatDGuy]

We went from about $15 at the beginning of 2013 to about $700 right now (we are still not done with 2013 either) and most of you think all it will do in 2014 will rise to $2000-$7000?  BTC increased in value about 50x this year.  If we multiply $700 X 50 we get $35,000.  I think that is totally realistic because people are just starting to hear about BTC and we are on the brink of more companies using and accepting BTC as well.

My expectations, that are based on the past behavior of BTC and the exponential growth rate is that we will hit $35,000 to even $50,000 by the end of next year.  

Except it doesn't work like this. You can't assume that because it grew so much in one year it will continue to do so the next.

But it already has worked like this for the past couple of years, and next year should be an even bigger year with news, more companies investing, wall street getting involved.  I think I am being really conservative with these numbers basing it on this year's growth.  It could be even more then this.  I am not the only one that believes this either and I am not just guessing at these numbers.  This is just based on the adoption curve of new technologies and there has been proof already that we are on a logarithmic growth scale that seems to be fairly accurate.  The big "crashes" just bring the price closer to this scale and we continue on.  The really good traders out there are the ones that can predict when the price is over this growth rate and sell accordingly.  I am not always confident that the price will keep dropping or when the top of the rises are so I just hold but there is some definite math involved here that can be used if studied.

What I am trying to say is that $2000 to $3000 is not realistic.  That is way too low of a number.  Call me crazy or just bring this thread back in December of 2014 and see who was right.

I think I am.  I am holding. 

Right there with you.  10K plus *seems* crazy right now - but so did 1k.  So did $200.  So did $30.

[Parazyd]

Love the way you think.

[stompix]

We went from about $15 at the beginning of 2013 to about $700 right now (we are still not done with 2013 either) and most of you think all it will do in 2014 will rise to $2000-$7000?  BTC increased in value about 50x this year.  If we multiply $700 X 50 we get $35,000.  I think that is totally realistic because people are just starting to hear about BTC and we are on the brink of more companies using and accepting BTC as well.

My expectations, that are based on the past behavior of BTC and the exponential growth rate is that we will hit $35,000 to even $50,000 by the end of next year.  

Except it doesn't work like this. You can't assume that because it grew so much in one year it will continue to do so the next.

But it already has worked like this for the past couple of years, and next year should be an even bigger year with news, more companies investing, wall street getting involved.  I think I am being really conservative with these numbers basing it on this year's growth.  It could be even more then this.  I am not the only one that believes this either and I am not just guessing at these numbers.  This is just based on the adoption curve of new technologies and there has been proof already that we are on a logarithmic growth scale that seems to be fairly accurate.  The big "crashes" just bring the price closer to this scale and we continue on.  The really good traders out there are the ones that can predict when the price is over this growth rate and sell accordingly.  I am not always confident that the price will keep dropping or when the top of the rises are so I just hold but there is some definite math involved here that can be used if studied.

What I am trying to say is that $2000 to $3000 is not realistic.  That is way too low of a number.  Call me crazy or just bring this thread back in December of 2014 and see who was right.

I think I am.  I am holding.  

Think of your numbers as playing martingale starting with 100.
1 , 2 , 4 , 8  and when it hits 16 (1600) the things are begging to look scary.

And , why should this increase stop in 2015 , 1,25 millions by 2015?
50 millions in 2016?


Also the price was around 14$ in jan 2013 and 2$ in 2012. that's just 7x.
According to your logic , the growth in the next year would be 350x.  ( 7 50 350)

[marcus_of_augustus]

not sure about end 2014 (kind of arbitrary date end of year anyway) ... currently we are stabilising around the $750ish level, picking the next stable level I think we should approach that by early-mid 2015 in the 7,500-13,000 range, possibly peaking as high as 25,000 by end-2014 before dropping back.

Edit: also upside surprises will come out of Europe and UK in 2014, Russia, Eastern Europe and South America, Singapore, South Africa and various island tax havens and gambling locales which have wealth stored in the order of trilions that need to be moved around privately regularly.

[BitChick]

What I am trying to say is that $2000 to $3000 is not realistic.  That is way too low of a number.  Call me crazy or just bring this thread back in December of 2014 and see who was right.

I think I am.  I am holding. 

So have you put your entire life savings into BTC?

Yes actually.  Can't say we had that much to put in, but all we could afford to.  Of course, I understand that it could all be worth nothing if something fatal happened, but the odds of that happening are decreasing as time goes on.  I think the odds of it reaching $35,000 are even better than $0 at this point.

[marcus_of_augustus]

What I am trying to say is that $2000 to $3000 is not realistic.  That is way too low of a number.  Call me crazy or just bring this thread back in December of 2014 and see who was right.

I think I am.  I am holding. 

So have you put your entire life savings into BTC?

Yes actually.  Can't say we had that much to put in, but all we could afford to.  Of course, I understand that it could all be worth nothing if something fatal happened, but the odds of that happening are decreasing as time goes on.  I think the odds of it reaching $35,000 are even better than $0 at this point.

BitChick has demonstrated unflinchingly over a long period of time that she has more bitcoin balls than the most of the bullish bitcoin bulls ... and all power to her. (I'm a quiet admirer )

[shmadz]

<snip>
So have you put your entire life savings into BTC?
</snip>

This comment gave me pause for a moment while I tried to determine what my "entire life savings" actually was.

 I did not intend to put my entire life savings into BTC, but once I started mining, and re-investing mining profits into more mining, BTC has now become an exceedingly large portion of my "entire life savings"

I did not intend for this to be the case, but it seems that BTC cares not for my intentions.

Kudos to BitChick btw. "Strength of your convictions" and all that.

*edit, forgot to respond to OP question: *

I expect the price to be over 10,000 at some point before the end of 2014, but I wouldn't even hazard a guess at where it will end up.

[BitChick]

What I am trying to say is that $2000 to $3000 is not realistic.  That is way too low of a number.  Call me crazy or just bring this thread back in December of 2014 and see who was right.

I think I am.  I am holding.  

So have you put your entire life savings into BTC?

Yes actually.  Can't say we had that much to put in, but all we could afford to.  Of course, I understand that it could all be worth nothing if something fatal happened, but the odds of that happening are decreasing as time goes on.  I think the odds of it reaching $35,000 are even better than $0 at this point.

BitChick has demonstrated unflinchingly over a long period of time that she has more bitcoin balls than the most of the bullish bitcoin bulls ... and all power to her. (I'm a quiet admirer )

Ahhh.  Thanks!  Holding has not hurt us yet!  We even purchased into the April run and were underwater a little for a several months.  But we did not invest more than we could afford to lose and we really do believe that this is just the beginning of something revolutionary.

I can say that November was epic.  It totally surprised us!  We did not sell any coins though.  In fact, we just end up buying a little more on the dip.  Just what we could afford to buy, which was very little with Christmas and hubby's new car! We decided that there was no way we would use Bitcoin to buy the car though.  We learned from a few on here that they regretted that mistake.  Some, like Goat, with thousands of coins I can't blame though.  They should be taking advantage of the value of the coins already!  Hopefully next year we will be at that point.  

All that said, we are not huge holders by any means.

[BitChick]

<snip>
So have you put your entire life savings into BTC?
</snip>

This comment gave me pause for a moment while I tried to determine what my "entire life savings" actually was.

 I did not intend to put my entire life savings into BTC, but once I started mining, and re-investing mining profits into more mining, BTC has now become an exceedingly large portion of my "entire life savings"

I did not intend for this to be the case, but it seems that BTC cares not for my intentions.

Kudos to BitChick btw. "Strength of your convictions" and all that.

*edit, forgot to respond to OP question: *

I expect the price to be over 10,000 at some point before the end of 2014, but I wouldn't even hazard a guess at where it will end up.

Some people's "life savings" are not that exciting!    However, thanks to BTC, it is now much more exciting than it was! We have never been great savers, unfortunately.  We did have some though.  I guess the benefit for us has been that we are not really used to having any savings anyway so having it all tied up in Bitcoin does not feel like we are living any differently.  We have had the mentality to give to charities generously, enjoy life, go on vacations, and have basically just used the money God has blessed us with and not really worried about tomorrow.  However, with two kids and college to plan for someday, I was thinking we should really start to be a little more conscientious and BitChicksHusband introduced me to Bitcoin and we decided to give it a try.  So thankful we at least had a little to throw in.  And YES it is our kid's college fund.  If it goes to $0 then they end up going to state schools, like they would have anyways.  But if we get the returns we might get next year, not only will we be able to afford to send them to almost any college they want, we may even have some left over.    We can dream anyways.  But at this point it is a "no lose" situation for us.

[hvezdasmrti]

My prediction: 6666.66 because satan loves BTC. Last days and over christmas the 666.66 was very common price. And LTC will be sold for 66.66 of course. However the price will be stable like political situation in middle Africa. And it will be the last golden age of bitcoin, it will fall suddenly and will be replaced by something else.

[DoomDumas]

Arround 10k is my bet..

Bitcoin is growing so fast, and just begins to be known.  I expect a lot of devellopment and big news for 2014.

It should be a very exiting year

[BitchicksHusband]

Ups and downs in between? common guys speculate thats what we are here for

Okay completely wild numbers...

Short term (now to mid Jan 2014) I expect a drop -- a sharp one.  Longer term, up up and away.  Wall Street has funds that are all about buying it.  Political stuff could introduce some speed bumps.  But here are the 3 predictions:

#1 -- Drop to around $375 between now and January 20, 2014.

#2 -- Increase to over $1800 by May 30, 2014.

#4 -- End 2014 in the $2500 to $3000 range.

Okay, quoting myself here now, I'm going to go ahead and assert that #1 above has now come to fruition.  I see Bitstamp touched 382.21 last night which technically is not $375, but I did say around $375, so I think it qualifies.  (Camp BX claims it hit $300, but I'm not sure it technically qualifies as an exchange.)

Now it's time to buy with both hands. :-)

If you bought a coin at CampBx the price would probably double

I could be such a whale on there if I were so inclined.  It was fun to pick up more coins on the bad China news, though.

And yes, we have virtually our whole life savings in bitcoin now.  As shmadz said, it doesn't start out that way, it just ends up like that.  We have some sell points that we haven't hit yet, but when we do I will retire.

[BitChick]

Ups and downs in between? common guys speculate thats what we are here for

Okay completely wild numbers...

Short term (now to mid Jan 2014) I expect a drop -- a sharp one.  Longer term, up up and away.  Wall Street has funds that are all about buying it.  Political stuff could introduce some speed bumps.  But here are the 3 predictions:

#1 -- Drop to around $375 between now and January 20, 2014.

#2 -- Increase to over $1800 by May 30, 2014.

#4 -- End 2014 in the $2500 to $3000 range.

Okay, quoting myself here now, I'm going to go ahead and assert that #1 above has now come to fruition.  I see Bitstamp touched 382.21 last night which technically is not $375, but I did say around $375, so I think it qualifies.  (Camp BX claims it hit $300, but I'm not sure it technically qualifies as an exchange.)

Now it's time to buy with both hands. :-)

If you bought a coin at CampBx the price would probably double

I could be such a whale on there if I were so inclined.  It was fun to pick up more coins on the bad China news, though.

And yes, we have virtually our whole life savings in bitcoin now.  As shmadz said, it doesn't start out that way, it just ends up like that.  We have some sell points that we haven't hit yet, but when we do I will retire.

And some of you wonder why I am so patient and unconcerned about the price rising?  BitChick is not sure she is ready for BitChicksHusband to go into early retirement yet!   (Just kidding of course.  It will be great.  Hubby can pursue some hobbies/programming projects at home and hopefully we can travel more if all goes well!)

[viboracecata]

As the date approaching, who will be the winner?

[BitChick]

As the date approaching, who will be the winner?

I think we still have an entire year until the end of 2014.

[stompix]

My prediction: 6666.66 because satan loves BTC. Last days and over christmas the 666.66 was very common price. And LTC will be sold for 66.66 of course. However the price will be stable like political situation in middle Africa. And it will be the last golden age of bitcoin, it will fall suddenly and will be replaced by something else.

You know , Satan doesn't own all the bitcoins. Buddha has some , Shiva and Allah some and there are a lot of Kami(s) with a few BTC each.
So , it could be 12(000) , 9413 ,  4949

[Parazyd]

I have some too, and I'm the obscure bitcoiner.