zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
|
|
December 13, 2013, 10:12:21 PM |
|
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 $ that's not how you calculate the increase of stock value. you have to look at the market debt. Right now, with the current available orders, you'd need: $4.87 Million to bring Mt. Gox (USD) to 10,000 $6.06 Million for bitstamp the other markets don't have any sell orders for $10,000 so they'd need to create sell orders in that range. So theoretically you could place a market order with ~10 Million dollars and increase the bitcoin price to $10,000 on Mt. Gox and bitstamp, but it would quickly decrease due to arbitrage. Note that this is purely theoretical, and also the price will most likely crash when there is not enough support to keep the market stable. to buy up all the coins at all other exchanges you may need over 100 million, but still not anywhere near 120 billion.
|
|
|
|
yurimir
Legendary
Offline
Activity: 1554
Merit: 1044
|
|
December 14, 2013, 01:11:18 PM |
|
There are two options In 2015, for 1 bitcoin will 1) to give more than $ 100,000 2) will beat face
|
|
|
|
operrajunk74
|
|
December 14, 2013, 03:44:38 PM |
|
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.
I doubt about the minimum 10-15x requirements, big guys knows +50% in short time is enought. $10,000 next year wont happen I guess
|
|
|
|
PenAndPaper
|
|
December 14, 2013, 03:52:20 PM |
|
Remember this thread to see if I'm right when the time comes and if I am right you can tip me. 16AgTxbEARQN2BnxVfZcLgtBFb1TBjbJiw
I think you should ask for tips from now because if your prediction come true you 'll get 10 times lower tips
|
|
|
|
Reece523
Member
Offline
Activity: 84
Merit: 10
|
|
December 14, 2013, 04:26:32 PM |
|
$10,000 would make Bitcoin roughly 1/4 the size of AAPL in market cap -- I don't think it's unrealistic at all to imagine Bitcoin being worth more than one quarter of a single company at some point... What would QQ have become had the Chinese government not intervened? Bitcoin ftw!
|
|
|
|
EvilPanda
|
|
December 14, 2013, 05:05:11 PM |
|
I would love to see OP's predictions come true. But reality is usually different from expectations.
|
|
|
|
CoinGeneral
Full Member
Offline
Activity: 182
Merit: 100
The General
|
|
December 14, 2013, 06:04:51 PM |
|
I've run some calculations and have been tracking the growth trend. The rate of growth that new people are coming into Bitcoin is very high, media attention is high, and that means demand is high.
I believe Bitcoin is growing faster now than it was in April and will be growing even faster in Q1 2014 because there will be better infrastructure. Once we have an easy way to buy and store Bitcoins the demand will so far outweigh the supply that the price will go from $1000 to $10,000 within a matter of weeks. We will see growth spurts of $1000+ in a matter of 48hrs or less.
I predict it will peak out at around $15,000 and that all of this will happen between January 2014 and May 2014. Remember this thread to see if I'm right when the time comes and if I am right you can tip me. 16AgTxbEARQN2BnxVfZcLgtBFb1TBjbJiw
Sure if you're right I'll tip
|
|
|
|
CoinGeneral
Full Member
Offline
Activity: 182
Merit: 100
The General
|
|
December 14, 2013, 06:12:34 PM |
|
I've run some calculations and have been tracking the growth trend. The rate of growth that new people are coming into Bitcoin is very high, media attention is high, and that means demand is high.
I believe Bitcoin is growing faster now than it was in April and will be growing even faster in Q1 2014 because there will be better infrastructure. Once we have an easy way to buy and store Bitcoins the demand will so far outweigh the supply that the price will go from $1000 to $10,000 within a matter of weeks. We will see growth spurts of $1000+ in a matter of 48hrs or less.
I predict it will peak out at around $15,000 and that all of this will happen between January 2014 and May 2014. Remember this thread to see if I'm right when the time comes and if I am right you can tip me. 16AgTxbEARQN2BnxVfZcLgtBFb1TBjbJiw
Sure if you're right I'll tip But you have to send me a PM, if it reaches $10,000+ by Q1 of 2014, you must send me a PM and link to this thread and include your BTC address again, then I will tip you. Deal.
|
|
|
|
id10tothe9
|
|
December 15, 2013, 03:46:43 PM |
|
I have also made some calculations but I come closer to $23000: 1000*23= 23000 hahahahaha
|
|
|
|
reactive4ce
|
|
December 15, 2013, 03:51:16 PM |
|
$10,000 would make Bitcoin roughly 1/4 the size of AAPL in market cap -- I don't think it's unrealistic at all to imagine Bitcoin being worth more than one quarter of a single company at some point... What would QQ have become had the Chinese government not intervened? Bitcoin ftw!
Chinese government just told what is obvious already. About the $10,000: definitively will happen, because Bitcoin can take nice share of payment systems pie, but more likely in 2016
|
|
|
|
Tzupy
Legendary
Offline
Activity: 2170
Merit: 1094
|
|
December 15, 2013, 04:20:00 PM |
|
To break the previous ATH of 1240$ would require about 27M$ plus resistance. While the bid side isn't looking bad yet, those 27M$ are 73% of the 37M$ total bids on Gox. With little new money coming to the exchanges, it's not going to happen. Wave C has to finish, then a new market cycle can begin, but historical data shows those have been failed bull markets, and only after several months a fully developed bull market will succeed and possibly drive the price to a new ATH.
|
Sometimes, if it looks too bullish, it's actually bearish
|
|
|
hellfrozenow
|
|
December 15, 2013, 04:51:53 PM |
|
To break the previous ATH of 1240$ would require about 27M$ plus resistance. While the bid side isn't looking bad yet, those 27M$ are 73% of the 37M$ total bids on Gox. With little new money coming to the exchanges, it's not going to happen. Wave C has to finish, then a new market cycle can begin, but historical data shows those have been failed bull markets, and only after several months a fully developed bull market will succeed and possibly drive the price to a new ATH.
I agree, we will see about 1000$ for next few months before new panic buy happens somewhere. Bitcoin is interesting, indeed
|
|
|
|
kireinaha
|
|
January 20, 2014, 10:32:13 PM |
|
Wrong! We are not at 10k!
|
Night gathers, and now my bitcoinwisdom watch begins.
|
|
|
CoinPN
Newbie
Offline
Activity: 42
Merit: 0
|
|
January 20, 2014, 10:45:53 PM |
|
Wrong! We are not at 10k!
We are 19/365 into 2014
|
|
|
|
BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
|
January 20, 2014, 11:52:01 PM |
|
Wrong! We are not at 10k!
We are 19/365 into 2014 Bitcoin has a funny way of plateauing for a month or two and then increasing by 4 or 5 times in a very short period of time. Look at April and November of last year. So wait until the end of March and then come back and say "wrong." It could still happen, or should I say will probably happen. I think it is highly likely to be $10,000 by May at least!
|
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
|
|
|
flagel8
|
|
January 21, 2014, 12:15:21 AM |
|
I have also made some calculations but I come closer to $23000: 1000*23= 23000 LOL! Although I'd rather it didn't happen until after the FBI has sold all of its coins! Irony ftw!
|
|
|
|
shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
|
|
January 21, 2014, 01:37:28 AM |
|
Wrong! We are not at 10k!
We are 19/365 into 2014 Bitcoin has a funny way of plateauing for a month or two and then increasing by 4 or 5 times in a very short period of time. Look at April and November of last year. So wait until the end of March and then come back and say "wrong." It could still happen, or should I say will probably happen. I think it is highly likely to be $10,000 by May at least! Agreed, be very careful, bitcoin tends to crash up
|
"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
|
|
|
loopgate88
|
|
January 21, 2014, 02:01:24 AM |
|
numbers first, talk second
|
|
|
|
cryptoanarchist
Legendary
Offline
Activity: 1120
Merit: 1003
|
|
January 21, 2014, 09:48:53 AM |
|
$10,000 by July 2014
|
I'm grumpy!!
|
|
|
fr33d0miz3r
|
|
January 21, 2014, 11:37:37 AM |
|
Probably $5-6k before April 2014. P.S.: Yes, I was wrong with my bearish calculations. Now I'm bullish
|
|
|
|
|