price in next future

[angrynerd88]

I want to do an investment and need to have some opinions of you guys. Will btc price grow bigger or decrease and why? thanks.  I have my idea but opinions are welcome.

[ning]

"Look only and solely at what are the facts." -- Bertrand Russell

[Johnny Bitcoinseed]

Both higher and lower in the future.  Also the same during the normal course of ups and downs.

[tanatos]

well take the overstock for an example....which only accepts fiat btw...


every purchase via btc on overstock is basically a btc sell order, if u dont have enough demand...enough buyers for btc to at least sustain the value (compared to fiat) on some level...the price will go down...the more of this (payment processor takes the risk) the lower the price, unless the demand increases...yet...why even bother with the fiat then?



 

[LOADING.READY.RUN]

On the short term (months) price may well go down, but it's hard to say how much and if at all. Opinions vary from 500s to stability in the current price region and at some point up again.

In the long run (1-3 years), practically everyone here believes bitcoin will go a lot higher. $10,000 per BTC would almost be a very low guess, many people believe it will go beyond $100,000 . This is due to the fact that the number of bitcoins is strictly limited -- there will never be more than 21 million BTC, and if adoption continues (as it undoubtedly does), the only way to grow the overall bitcoin market is by valuing each BTC higher.

[UnDerDoG81]

In the long run (1-3 years), practically everyone here believes bitcoin will go a lot higher. $10,000 per BTC would almost be a very low guess, many people believe it will go beyond $100,000 . This is due to the fact that the number of bitcoins is strictly limited -- there will never be more than 21 million BTC, and if adoption continues (as it undoubtedly does), the only way to grow the overall bitcoin market is by valuing each BTC higher.

Except that skynet will overtake the internet.

Seriously, I´m very afraid of what will happen when the internet crashes some day. For whatever reason. Maybe the governments lose control over people and shut down the internet or an mega virus will destroy all pc´s or an world war III will destruct all infrastructure.

Sounds fantasy but every scenario can be a real danger for BTC.

[the_sunship]

It will go up and go down, sometimes slowly, sometimes violently. The question is - how are you going to feel about that? It's better to understand and accept the swings of BTC before you get in, that way you aren't shaken to the core if it drops 40% in a day. If that's hard to believe, take a look at the charts and you'll see that it's a real possibility.

In the meantime, I would suggest this article be posted close to anyone's computer screen before a major sell order is executed.


http://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/?hpw&rref=technology

[Edward50]

Most people on this forum will own bitcoins, so they will be biased for the price going higher. They will also have mined the bitcoins for free, or purchased them very cheaply. So you have to take into account this bias.

That being said, I personally feel that bitcoin price has risen way too much and was based on speculated major adoption like china using it as a major currency. Most of this is not holding up now as china has made it difficult to buy bitcoins.

Bitcon also has many new competitors coming to the table and with the price being mostly driven by speculators, it will be far easier to make money in other digital currencies that are much cheaper at the moment.

honestly, I would rather invest my money in a good alt (lite coin, even dogecoin) than bitcoin, because you have the potential to make 10-100 times your money in an alt than in bitcoin. The boat has been missed in bitcoin with the best possible results really being only double or possibly tripling your money, but that is highly unlikely and will take a lot of money to push it to those levels.

I personally sold all my bitcoins at $810-$840 a while ago and have been sitting it out. I believe it will go lower before it goes higher and I have been right so far. $780 is still a very high price and unsustainable.

If you want to buy bitcoins, my advice would be to get your money into the exchanges and ready to buy at a moments notice. Stay out of the market until the price gets really low, or it starts to show some significant gains. Significant gains is an obvious rise above $1000 that looks to hold.

[JimboToronto]

I want to do an investment

Since you use the word "investment", I assume you're in for the longer term.

No one has ever failed to make a handsome profit by simply buying bitcoins and holding for at least 2 years.

You can trust the logarithmic chart until Bitcoin reaches the vertical phase of its adoption curve, and that may still be years away.

[FierceRadish]

Read all you can about how Bitcoin works and the reasons why people believe it has potential. This includes reading Satoshi's original white paper - http://bitcoin.org/bitcoin.pdf

Secondly, at least one person in this thread has previously stated very similar things about price sustainability when the price was at a much lower level. Read back through the posts of opinionated people -- whether bearish or bullish -- and see if they have an agenda, or a track record of bad calls.

Finally, there are no guarantees here. Be mentally prepared for loss.

(Oh, and as for the thread title: NOBODY knows the future price.)

[segeln]

I want to do an investment

Since you use the word "investment", I assume you're in for the longer term.
No one has ever failed to make a handsome profit by simply buying bitcoins and holding for at least 2 years.

You can trust the logarithmic chart until Bitcoin reaches the vertical phase of its adoption curve, and that may still be years away.

I agree but
I disagree with the last sentence.The vertical ist not that far away. It might happen in 2014 ,at last 2015.
If things are going smooth