$10,000 when?

[boumalo]

1000$ 2014
10000$ 2015
100000$ 2016
1000000$ 2017

That would be nice, enough time to buy a lot and a nice reward

2014 800$

2015 7000$

2016 35,000$

2018-2019 200,000$

[Lauda]

1000$ 2014
10000$ 2015
100000$ 2016
1000000$ 2017

That would be nice, enough time to buy a lot and a nice reward

2014 800$

2015 7000$

2016 35,000$

2018-2019 200,000$

Those numbers are insane. Why are you expecting a 10x growth per year?
What are you basing this on?

[TwinWinNerD]

1000$ 2014
10000$ 2015
100000$ 2016
1000000$ 2017

That would be nice, enough time to buy a lot and a nice reward

2014 800$

2015 7000$

2016 35,000$

2018-2019 200,000$

Those numbers are insane. Why are you expecting a 10x growth per year?
What are you basing this on?

http://en.wikipedia.org/wiki/Metcalfe%27s_law

Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). First formulated in this form by George Gilder in 1993,[1] and attributed to Robert Metcalfe in regard to Ethernet, Metcalfe's law was originally presented, circa 1980, not in terms of users, but rather of "compatible communicating devices" (for example, fax machines, telephones, etc.).[2] Only more recently with the launch of the Internet did this law carry over to users and networks as its original intent was to describe Ethernet purchases and connections.[3] The law is also very much related to economics and business management, especially with competitive companies looking to merge with one another.

[pr472]

I don't get it. Some people are predicting that bitcoin may go up more than any investment in the history of the world. Seriously ?
One person said that bitcoin  will go up when it goes "mainstream". I agree 100 percent. When bitcoin is  easy to use, when it seen seen as safe, when it is stable, then I see bitcoin rising. You have to give the "ordinary joe" a reason to use bitcoin. Right now, people are happy to use their Visa cards. The "ordinary joe" does not care about the philosophy of bitcoin. Bitcoin will rise if it is seen as a safe, stable, good alternative to what people have  and use now. That might happen some day, but I don't see it in the near future.

[silvestar]

Reward halving decreases the rate of supply increase. It does not decrease the supply. Disacceleration. No sudden effect. No huge jump in price.

It's cyclical. Adoption leads to an increase in price. Price leads to an increase in infrastructure. Infrastructure leads to an increase in adoption.... and repeat. We're seeing infrastructure built around bitcoin like never before. The price is going to continue to rise. The big bubbles are caused by speculation, not huge increases in adoption.

Exactly.
When the next block reward halving happens, we would already have 15,750,000 btc mined (=210000*50+210000*25), a drop of block reward from 25 to 12.5 would have a small impact on the price.
On the other hand, it would affect miners' profitability severely and people may shut down their miners then.

[CoinDiver]

I don't get it. Some people are predicting that bitcoin may go up more than any investment in the history of the world. Seriously?

Yes, as it already has. Stop looking at bitcoin as a commodity. It isn't. For the first time in the history of the world people have the opportunity to own part of a technology. Not the rights to a technology, but a share of the technology itself. Think of the price of bitcoin in terms of technology adoption.

[TwinWinNerD]

I don't get it. Some people are predicting that bitcoin may go up more than any investment in the history of the world. Seriously?

Yes, as it already has. Stop looking at bitcoin as a commodity. It isn't. For the first time in the history of the world people have the opportunity to own part of a technology. Not the rights to a technology, but a share of the technology itself. Think of the price of bitcoin in terms of technology adoption.

Yes, one could compare it to owning a piece of the internet. If the internet increases in size, so would the worth of your piece.

[MrBtcSenior]

Now the adoption is only about 0,01% of the world population as I have read in the forum, so there's much more room to grow for bitcoins.

[henryjames1003]

Forget the $1m & $100,000 predictions, what's everyone's opinion on when bitcoin will hit $10,000?

when you will be able to buy coffee via Bitcoin. It is mass-adoption question

[TwinWinNerD]

Forget the $1m & $100,000 predictions, what's everyone's opinion on when bitcoin will hit $10,000?

when you will be able to buy coffee via Bitcoin. It is mass-adoption question

I know multiple places where you can do that...

[Peter882]

Forget the $1m & $100,000 predictions, what's everyone's opinion on when bitcoin will hit $10,000?

when you will be able to buy coffee via Bitcoin. It is mass-adoption question

I know multiple places where you can do that...

Bitcoin is slowly getting to mass adoption IMO.
Apart from coffee, you can also get a nice dinner or a haircut with your bitcoin.

[reggecoin]

Posibly never

[InwardContour]

Forget the $1m & $100,000 predictions, what's everyone's opinion on when bitcoin will hit $10,000?

when you will be able to buy coffee via Bitcoin. It is mass-adoption question

I know multiple places where you can do that...

Bitcoin is slowly getting to mass adoption IMO.
Apart from coffee, you can also get a nice dinner or a haircut with your bitcoin.

The mass-adoption is still far to be completed but near my place there are some pubs and an hairdresser which accept bitcoins.

[DavidHume]

At least 5 years away.

This will only happen if it goes viral like facebook.

[leex1528]

This more then likely will never happen, even if it goes viral. 

I think bitcoin price will stay between 100 and 1500 dollars forever.  It will have some highs and lows and all that but thats about all

[botany]

This more then likely will never happen, even if it goes viral. 

I think bitcoin price will stay between 100 and 1500 dollars forever.  It will have some highs and lows and all that but thats about all

A lot of new users are attracted by the hype and media frenzy about bitcoins. Once the price stabilizes, this hype will go away.

[FUR11]

Forget the $1m & $100,000 predictions, what's everyone's opinion on when bitcoin will hit $10,000?

I guess we'll his $10k at the end of 2015 or early 2016! And then everyone'll be rich! Well, except for the people who panicked and sold their stash at incredibly low prices (aka _now_)

[milan74]

I expect in a few years (2017-2018), it can reach the level.

[Peter882]

This more then likely will never happen, even if it goes viral. 

I think bitcoin price will stay between 100 and 1500 dollars forever.  It will have some highs and lows and all that but thats about all

A lot of new users are attracted by the hype and media frenzy about bitcoins. Once the price stabilizes, this hype will go away.

IMO, that kind of hype and crazy price movement are the big obstacles for mass adoption.

When the bitcoin price is stabilized, people will be willing to spend their bitcoin (instead of just holding it and waiting the price to go 1000x) and merchants will be willing to take bitcoin payments without a middleman like Bitpay or Coinbase (no need to worry about a 10% daily price drop).

[jeroenn13]

We should all stop predicting.
Just wait until it happens.