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mgio
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December 12, 2013, 06:20:07 PM |
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Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
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shadowninjax
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December 12, 2013, 06:20:37 PM |
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and your arguments are what exactly?
sometimes it looks like the average bitcoin-believer has an IQ of a dead goat
THIS. lol  |
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kireinaha
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December 12, 2013, 09:16:00 PM |
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Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
+1. This sounds about right. I think it's far more likely that we'll be dropping in Q1 of next year unless there's some major world financial scare or the ETF gets approved, at which point we'll go up again... but yes, it's going to take some time. |
Night gathers, and now my bitcoinwisdom watch begins.
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huadylmate
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December 12, 2013, 09:21:50 PM |
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Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
Give it some time, I believe it is only matter of time. Price may reach $10,000 before this happens |
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matt608
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December 12, 2013, 09:53:31 PM
Last edit: December 12, 2013, 10:03:34 PM by matt608 |
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Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
"Wall Street Will Put 'Hundreds of Millions' Into Bitcoin" http://www.entrepreneur.com/article/230346Bitcoin will be over $10k by the end of 2014 (is my guess). |
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jamesc760
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December 12, 2013, 09:55:08 PM |
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This is a speculation forum, so I'm going to speculate that it will take US$10,000 to buy 1.0 BTC by end of Q2 2014.
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Luckybit (OP)
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December 12, 2013, 10:30:03 PM |
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The demand is there. The people are sold on it and are trying to figure out how to buy it. When they can call their broker and order it then you'll see $10,000. When it goes over $10,000 people will go into a buying frenzy and push it to $100,000.
No, price does not work this way. Going from $1,000 to $10,000 is ten times harder than going from $100 to $1,000 Actually no it's not 10 times harder. The network effect actually would make it more like 10 times easier. When something is easier to buy, more people want it, bigger institutions with more money want it, and it's seen as legitimate rather than a currency for drug dealers and terrorists, why would it be 10 times harder to go from $1000-10,000 as if there aren't hedge funds and investment banks who could easily put in hundreds of millions to billions at a time? |
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trumbadera
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December 12, 2013, 10:37:10 PM |
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Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
"Wall Street Will Put 'Hundreds of Millions' Into Bitcoin" http://www.entrepreneur.com/article/230346Bitcoin will be over $10k by the end of 2014 (is my guess). Hundreds of Millions is not enought, you would need hundred Billion instead... $10k * 12,000,000 = 120 Billion $ |
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Painful Truth
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December 12, 2013, 10:51:00 PM |
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Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
"Wall Street Will Put 'Hundreds of Millions' Into Bitcoin" http://www.entrepreneur.com/article/230346Bitcoin will be over $10k by the end of 2014 (is my guess). Hundreds of Millions is not enought, you would need hundred Billion instead... $10k * 12,000,000 = 120 Billion $ Nope. Not every coin is paid for with $10k. |
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wobber
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December 12, 2013, 11:22:25 PM |
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Bitcoin is stupid enough to be driven to 10k with no more than 50M USD
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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Ardenyham
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Don't Hesitate to Tip me for My Helps and Guides.
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December 12, 2013, 11:40:16 PM |
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Bitcoin is stupid enough to be driven to 10k with no more than 50M USD
At exchanges is around 100M USD You need ten times more USD at exchanges for 10k to have about the same price stability |
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johnyj
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Beyond Imagination
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December 13, 2013, 01:32:54 AM |
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The difficulty must rise another 10 times to make this happen  |
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Qoheleth
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Spurn wild goose chases. Seek that which endures.
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December 13, 2013, 01:48:29 AM |
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Keep in mind that the bloke being quoted in that headline is the CEO of the company running the Bitcoin Investment Trust, and thus has a lot to gain from making people think that Wall Street will be putting huge money into Bitcoin, whether or not he actually believes it. |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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Luckybit (OP)
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December 13, 2013, 10:31:55 AM |
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Keep in mind that the bloke being quoted in that headline is the CEO of the company running the Bitcoin Investment Trust, and thus has a lot to gain from making people think that Wall Street will be putting huge money into Bitcoin, whether or not he actually believes it. Keep in mind, everyone here has a lot to gain saying Bitcoin will go up or down because who knows they could have made bets either way. And nothing stops you from profiting from the crash down as much as from the rise up. Bitcoin can be shorted. Incredibly short sighted and weak argument. |
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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December 13, 2013, 10:34:20 AM |
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I have also made some calculations but I come closer to $23000: 1000*23= 23000 I approve of this calculation, because the number 23 is in it |
It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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azedee
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December 13, 2013, 12:18:23 PM
Last edit: December 14, 2013, 11:45:35 AM by azedee |
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x42 Then I'll have everything I need.  |
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Qoheleth
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Spurn wild goose chases. Seek that which endures.
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December 13, 2013, 03:29:58 PM |
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Keep in mind, everyone here has a lot to gain saying Bitcoin will go up or down because who knows they could have made bets either way.
And nothing stops you from profiting from the crash down as much as from the rise up. Bitcoin can be shorted. Incredibly short sighted and weak argument. Let me clarify. My point was more that a news article with a headline like that should be taken with a grain of salt rather than treated as evidence of its own, given that the person being quoted is incentivized to talk up Bitcoin's upside. Whether it's possible to "profit on the way down" or whether people on this forum (who may or may not have positions) are similarly incentivized isn't really relevant to that; if my post came across as making some other argument, I apologize for being unclear. |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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BitchicksHusband
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December 13, 2013, 03:42:52 PM |
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I have found that people in Barry Siebert's position RARELY make untrue statements trying to influence the markets. They have had it beaten out of them by the SEC. In almost every other investment he runs beside bitcoin, he could go to jail for making such a statement if it is not true. If he is saying it I believe it to be true.
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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GigaCoin
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Giga
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December 13, 2013, 07:48:56 PM |
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you have to keep in mind that all the big guys coming into bitcoin at $500-$1000 will want at least 10-15x returns before they cash out, so yeah $10,000 is v real. Doubt about Q1 but towards the end of 2014 v likely.
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Dafar
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dafar consulting
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December 13, 2013, 08:00:50 PM |
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LOL @ Op.... tagging this thread so I can laugh at ur face for being way off. Q1 2014? gtfo... probably 2015-2016 at the earliest
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