[POLL] - Predict Bitcoin's all time high

[BitBOOM]

Personally I don't think the current ATH we experienced in Novemeber was the top or even close. I predict the all time high for bitcoin will be over $100,000 per coin some day.

Let's hear some predictions  

[knightcoin]

[kooke]

I think it'll be between $5k - $25k.

[pera]

You forgot $10,000,000.

[HairyMaclairy]

Do we expect bitcoin to be around in 50 years time?

[MatTheCat]

I would wager that Bitcoin shall reach astronomical highs from here.....

.....but the question that interests me the most is how low is it going to go from here.

I dont want to buy $800 Bitcoins if they are going to be had for $400 at some point in future.

[billyjoeallen]

I would wager that Bitcoin shall reach astronomical highs from here.....

.....but the question that interests me the most is how low is it going to go from here.

I dont want to buy $800 Bitcoins if they are going to be had for $400 at some point in future.

get too greedy and you'll miss the train.

[pbody]

I would wager that Bitcoin shall reach astronomical highs from here.....

.....but the question that interests me the most is how low is it going to go from here.

I dont want to buy $800 Bitcoins if they are going to be had for $400 at some point in future.

This is the question. Who knows?

We could see 400 coins by the 31st. If not, it will probably stay steady for a while. Some negative news such as a possible ban in our country or ? may bring it back down to 400 only to see it go back up. I don't see it dropping below 400 for more than an hour from here on out. Even on the worst news. This said, Im waiting for 600 coins before I buy back in.

I'm still confused as to why it went up so suddenly to 1200 in Nov. China was already aware of btc months before... I think more gradual upward curves are to come.

[keithers]

wow, 50% of people think it will reach that astronomical price?  That would be great...but the stars would really have to align for that.   Imagine the security that would be needed if the value were that high.   People would be kidnapped for ransoms in some countries if people found out how many bitcoins other people had...seriously

[keithers]

I'm the only one that put $1500-$5000 so far...  I even think at prices higher than that, it is going to tough to have significant buy support on the exchanges.   Obviously most people will be buying fractions of bitcoins at those prices (especially at prices higher than that).   The average person would not even have enough disposable money to buy 1 btc...

[KFR]

I'm the only one that put $1500-$5000 so far...  I even think at prices higher than that, it is going to tough to have significant buy support on the exchanges.   Obviously most people will be buying fractions of bitcoins at those prices (especially at prices higher than that).   The average person would not even have enough disposable money to buy 1 btc...

If you can afford $1,000 worth of bitcoin, you can afford $1,000 worth of bitcoin.  It doesn't really matter whether that's written down as 1 BTC or 100 million satoshi.

[Dalmar]

I'm the only one that put $1500-$5000 so far...  I even think at prices higher than that, it is going to tough to have significant buy support on the exchanges.   Obviously most people will be buying fractions of bitcoins at those prices (especially at prices higher than that).   The average person would not even have enough disposable money to buy 1 btc...

Oh this psychological bullshit again. 1 BTC is just a random value, it means jackshit. Obviously with only 12.3 million BTC around and this much media attention one whole BTC will be expensive since there are millions of people interested in bitcoin. However, the most commonly used denomination can always be changed (mBTC, uBTC, satoshis, etc.). You can still store value or send/receive at mBTC level if you are living in a developing country.

Also, I think that a high price for 1 BTC gives it more respect and attracts curiosity. So, it will unlikely negatively affect bitcoin overall.

[elewton]

If Bitcoin isn't crushed within 18 months, it will be meaningless to measure the price of 1 Bitcoin in worthless government paper.

[jpesquire]

If Bitcoin isn't crushed within 18 months, it will be meaningless to measure the price of 1 Bitcoin in worthless government paper.

This seems right.

I will stop worrying about BTC to dollar equivalents when I can get contractors working on my house to accept it and use it or something similar to sign the contract.  At the current rate of adoption, that could happen in the next 18 months.  If it doesn't, it's likely because something intervened to stop it from going mainstream.  Then, we'll be stuck in the $1K-$5K (or lower) doldrums for the foreseeable future.

[smoothie]

If you look closely the graph portion of the "future" bitcoin price shows that there is some time travel going on in the price. lol

[zimmah]

I'm the only one that put $1500-$5000 so far...  I even think at prices higher than that, it is going to tough to have significant buy support on the exchanges.   Obviously most people will be buying fractions of bitcoins at those prices (especially at prices higher than that).   The average person would not even have enough disposable money to buy 1 btc...

there's over 7 billion people in the world, and 21 million bitcoins.

If every person in the world wanted bitcoins, the average amount of bitcoins per person would be less then 0.003, that is, in 2140 when there are actual 21 million bitcoins (assuming none or lost)

so if the price per bitcoin is even $5000 then 0.003 bitcoin would be $15, so on average every person would have $15 worth of bitcoin.

This seems really insignificant to me, therefore i think bitcoin would be worth MUCH more, assuming bitcoin will be used by a majority of people.

If you think many people are too poor to even have $15 or have internet, consider that over 6 billion people own a cellphone (source: http://www.wolframalpha.com/input/?i=number+of+cellphone+users) and facebook has 1 billion users.

Therefore, it would not be outrageous to expect at the very least a billion bitcoin users in the not-so-distant future. (say, 2017-2018 or so).

Let's assume by end 2018 there will be 1 billion bitcoin users each having about $250 worth of bitcoins on average(note, this does not mean they actually bought $250 worth of bitcoin, they could have been early adoptors), there are about 17 million bitcoins by then. So 0.017 bitcoin would be worth at least $250 so 1 bitcoin would be at least $14700

This could easily get very big.

[gogxmagog]

I have to think that a lot of people losing money in the stock market may be unable or unwilling to get into BTC now and in the near future. They've lost their shirts and will have to adjust before embracing a risky thing like BTC. Ultimately BTC will prevail, but there could be a slowing of new money into the economy for a bit while people recover their ground. They will see the value of BTC all the more through their fiat-based losses, but they may not be able to spend any money at all for a while.

[nopara73]

I'm the only one that put $1500-$5000 so far...  I even think at prices higher than that, it is going to tough to have significant buy support on the exchanges.   Obviously most people will be buying fractions of bitcoins at those prices (especially at prices higher than that).   The average person would not even have enough disposable money to buy 1 btc...

there's over 7 billion people in the world, and 21 million bitcoins.

If every person in the world wanted bitcoins, the average amount of bitcoins per person would be less then 0.003, that is, in 2140 when there are actual 21 million bitcoins (assuming none or lost)

so if the price per bitcoin is even $5000 then 0.003 bitcoin would be $15, so on average every person would have $15 worth of bitcoin.

This seems really insignificant to me, therefore i think bitcoin would be worth MUCH more, assuming bitcoin will be used by a majority of people.

If you think many people are too poor to even have $15 or have internet, consider that over 6 billion people own a cellphone (source: http://www.wolframalpha.com/input/?i=number+of+cellphone+users) and facebook has 1 billion users.

Therefore, it would not be outrageous to expect at the very least a billion bitcoin users in the not-so-distant future. (say, 2017-2018 or so).

Let's assume by end 2018 there will be 1 billion bitcoin users each having about $250 worth of bitcoins on average(note, this does not mean they actually bought $250 worth of bitcoin, they could have been early adoptors), there are about 17 million bitcoins by then. So 0.017 bitcoin would be worth at least $250 so 1 bitcoin would be at least $14700

This could easily get very big.

This logic could give a nice estimation, but that last 250$ multiplier just came from nowhere.

[zimmah]

I know, but it's hard to get figures on that

[UnDerDoG81]

I would be happy with $10.000 but cant imagine that it will happen. But then again, as it was $200 I was not able to imagine $1.000... Lets see what will happen. I changed 60% of my FIAT to BTC.