What do you think the price of bitcoin will be 1 year from today (feb 2015)?

[bitcoinsrus]

I like to look at past trends and the history of bitcoin has been phenominal.  What price do you think 1 btc will cost one year from today (feb 2015)?

From seeing the past trend it seems to be exponential to me.

[MatTheCat]

I like to look at past trends and the history of bitcoin has been phenominal.  What price do you think 1 btc will cost one year from today (feb 2015)?

From seeing the past trend it seems to be exponential to me.

You might do well to consider the possibility of Bitcoin not even existing by Feb 2015. I am not saying that I think this will happen; although it is certainly possible that this star has shone too bright too soon, I am just saying that it might do your frame of mind the world of good to consider this possibility and the many ways that a Bitcoin death event might be brought about.

If you came to Bitcoin back in October or November with your obvious level of enthusiasm and anxiety to get invested. You would have done very well. But it is a very different market right now. Instead of dreaming about exponential profits, try focussing on learning to read these markets and choosing a good entry point, and then nursing your position and ensuring that you aren't going to go underwater on it. Let Feb 2015 take care of Feb 2015 itself.

[bitcoinsrus]

with sites starting to accept bitcoin as payment, it looks good for btc future
there is no telling what will happen to btc but it looks like people will definitely invest in it if the price dips and what not

[MatTheCat]

with sites starting to accept bitcoin as payment, it looks good for btc future
there is no telling what will happen to btc but it looks like people will definitely invest in it if the price dips and what not

Governments banning it.

US regulatory stance still not yet decided.

Market totally cornered by a relative handful of whales who end up in a big fight to the death.

Exponentially growing computational demands that already requires the power of 50 Super computers.

Dodgy exchanges going under with everyone's funds and Bitcoins.

.......go and google E-Gold. An electronic digital payments system backed by precious metals, right through the period of precious metals expansive boom. Talk about Win-Win-Win. Over 5 million users. Where is it now?

[bitcoinsrus]

with sites starting to accept bitcoin as payment, it looks good for btc future
there is no telling what will happen to btc but it looks like people will definitely invest in it if the price dips and what not

Governments banning it.

US regulatory stance still not yet decided.

Market totally cornered by a relative handful of whales.

Exponentially growing computational demands that already requires the power of 50 Super computers.

Dodgy exchanges going under with everyone's funds and Bitcoins.

so what do you think the price will be in 1 year?

[debani]

We're in a textbook bubble right now
A lot of people here are fanatical about Bitcoin because they have their life savings invested in it or are convinced that it will make them rich.
Unless you have significant insider knowledge I'm not sure you can make an informed prediction on where we will be in a year.
My uninformed guess is double digits. Maybe by then Bitcoin has already been replaced and it's worthless. Who knows really.

[MatTheCat]

so what do you think the price will be in 1 year?

I am here looking for a chance to truly capitalise to compensate for my lack of a specualtive mindset when I first started using Bitcoins in 2011.

But I am also ready to accept the possibility that things just might not work out for Bitcoin.

There are no certainties.

[efarah2549]

Well now even the supports like to cheer on bitcoin falls so there are not any positives to look forward too other than a bunch of delusional freaks who think spamming on twitter and trollbox is going to make them rich

[serje]

it might be around 230000 USD

[bitcoinsrus]

i understand what your all saying.  again i refer back to bitcoins past
every year it has increased, more places are accepting it etc.
on the flip side it is getting banned and new payment may arise
yes btc may die or may go to new heights.

personally i think it will grow

[bitcoinsrus]

it might be around 230000 USD

care to elaborate why that exact number 

[BitChick]

This chart pegs the price at either $1200 conservatively or over $1,000,000 depending on what kind of exponential growth we are really looking at.  I would take either option.

http://bildr.no/view/ZFowYlNi

Edit:  I put $12,000 instead of $1200.  I guess I need to learn how to read charts a little better.

[Elwar]

two fiddy

[bitcoinsrus]

This chart pegs the price at either $12,000 conservatively or over $1,000,000 depending on what kind of exponential growth we are really looking at.  I would take either option.

http://bildr.no/view/ZFowYlNi

 

[serje]

i understand what your all saying.  again i refer back to bitcoins past
every year it has increased, more places are accepting it etc.
on the flip side it is getting banned and new payment may arise
yes btc may die or may go to new heights.

personally i think it will grow

It will go up by a lot when people will start value their privacy again!

for example:
A guy has been very sick(almost died) a few years ago and now is healthy, and he goes to an insurance company to make a health insurance, that company will make some test on him before asking for a yearly payment and believe it or not they will check is banking account and see what he bought in the last years, when they will see he spent money on medicine a few years ago then they will ask for a bigger payment because that person represents a risk for them not an investment!

And banks do offer private information about their customers for the right price because everything is for sale!

That's why i said around 230000 USD

[BitChick]

This chart pegs the price at either $12,000 conservatively or over $1,000,000 depending on what kind of exponential growth we are really looking at.  I would take either option.

http://bildr.no/view/ZFowYlNi

 

My bad.  I meant $1200 conservatively.  I am just way too bullish I guess! 

[bitcoinsrus]

i understand what your all saying.  again i refer back to bitcoins past
every year it has increased, more places are accepting it etc.
on the flip side it is getting banned and new payment may arise
yes btc may die or may go to new heights.

personally i think it will grow

It will go up by a lot when people will start value their privacy again!

for example:
A guy has been very sick(almost died) a few years ago and now is healthy, and he goes to an insurance company to make a health insurance, that company will make some test on him before asking for a yearly payment and believe it or not they will check is banking account and see what he bought in the last years, when they will see he spent money on medicine a few years ago then they will ask for a bigger payment because that person represents a risk for them not an investment!

And banks do offer private information about their customers for the right price because everything is for sale!

That's why i said around 230000 USD

oh now 230,000 makes sense 

[adamstgBit]

16,000 to 32,000
If only 5% of gold speculative value moves to the bitcoin this implies a price of 32,000
and thats not the only market the bitcoin is looking to disrupt
if bitcoin really catches on and is used in international trade, we're taking millions pre coin.

suddenly FIAT becomes irrelevant.
1BTC = infinite FAIT.
suddenly catcoin doesn't look so bad.

[bitcoinsrus]

This chart pegs the price at either $12,000 conservatively or over $1,000,000 depending on what kind of exponential growth we are really looking at.  I would take either option.

http://bildr.no/view/ZFowYlNi

 

My bad.  I meant $1200 conservatively.  I am just way too bullish I guess! 

i like the first one bettah  

[debani]

If it were 1999 and we were in the dot.com bubble right now I wonder whether or not the people on this forum would be defending it fanatically, posting logarithmic charts with lines on them, etc.
Peoples reasons for believing Bitcoin will continue growing exponentially appear to be contrived afterthoughts. That doesn't necessarily mean they don't value privacy and freedom or think that Bitcoin has the potential to be useful but the main reason for the hype is people trying to make a buck.