gelar24
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August 14, 2014, 11:32:24 AM |
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if the price is that much tread I think a lot of risk especially if bitcoin already started easily in search
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BTCtalkScammerDetective
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August 14, 2014, 11:33:16 AM |
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It will be in 2015/2016 don't get your hopes up for this year.
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micky123
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August 14, 2014, 02:35:22 PM |
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When some big company (eg. Amazon) starts accepting bitcoin.
Amazon had a revenue of $74 Billion in 2013 and Dell was $56 Billion. Dell is NOT small. Dell already started accepting Bitcoins and it didn't make any impact on BTC price. Looks like Dell cashed out their BTC. I am pretty sure they held onto them initially, but now looking at the BTC market, this crash appears to be because a lot of people are cashing out to Fiat. also heard of some $1.4 million deal on some property in the US. I am sure the folks who accepted that huge amount in BTC wanted to get their hands on Fiat ASAP. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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johny08
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August 14, 2014, 02:38:36 PM |
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Forget the $1m & $100,000 predictions, what's everyone's opinion on when bitcoin will hit $10,000?
when one liter milk will cost $200? with the inflationrate of 3% it will need something like 180 years.
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bcmine
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August 14, 2014, 02:46:21 PM |
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When some big company (eg. Amazon) starts accepting bitcoin.
Amazon had a revenue of $74 Billion in 2013 and Dell was $56 Billion. Dell is NOT small. Dell already started accepting Bitcoins and it didn't make any impact on BTC price. Looks like Dell cashed out their BTC. I am pretty sure they held onto them initially, but now looking at the BTC market, this crash appears to be because a lot of people are cashing out to Fiat. also heard of some $1.4 million deal on some property in the US. I am sure the folks who accepted that huge amount in BTC wanted to get their hands on Fiat ASAP. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) my guess are traders. when you see spikes up or down, you can be sure by 51% its the effect of margin calls, stop or limit. alot of my swaps were closed at region 499-480. businesses usually dont speculate and dont sell at once their btc. they would just lose too much.
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alwinlinzee
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August 14, 2014, 03:50:43 PM |
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May be in 2020, when there would probably be hyperinflation.
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pitgar
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August 14, 2014, 08:53:02 PM |
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May be in 2020, when there would probably be hyperinflation.
The world is changing so fast, that is very hard to predict what will be in 2020.
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iVory1
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August 14, 2014, 09:26:30 PM |
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In the next 3 to 5 years. Tho I hope it happens sooner.
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Brewins
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August 14, 2014, 09:46:09 PM |
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Not in this year, it seems.
The recent fall makes the 1000 region almost a miracle for this year
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MakeBelieve
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August 14, 2014, 10:26:26 PM |
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probably next 2 years. Let's forget about 10k, for now let first think about 1k.
Finally someone being realistic we don't want it to go to 10k any time soon it would destroy Bitcoin because we haven't achieved mass adoption and haven't mined enough yet.
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Coef
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August 15, 2014, 01:39:17 PM |
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When some big company (eg. Amazon) starts accepting bitcoin.
Amazon had a revenue of $74 Billion in 2013 and Dell was $56 Billion. Dell is NOT small. Dell already started accepting Bitcoins and it didn't make any impact on BTC price. Looks like Dell cashed out their BTC. I am pretty sure they held onto them initially, but now looking at the BTC market, this crash appears to be because a lot of people are cashing out to Fiat. also heard of some $1.4 million deal on some property in the US. I am sure the folks who accepted that huge amount in BTC wanted to get their hands on Fiat ASAP. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I believe Dell use Coinbase to sell the bitcoin right after receiving the payment, instead of holding the bitcoin. https://coinbase.com/merchantsWhen a sale is made, you can instantly sell the bitcoin received to Coinbase to avoid exposure to bitcoin volatility.
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nope491
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August 15, 2014, 02:07:24 PM |
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As rpietila said, we are at the bottom and in my opinion a long and fast rise will start earlier than most people thinks.
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MakeBelieve
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August 15, 2014, 02:16:44 PM |
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As rpietila said, we are at the bottom and in my opinion a long and fast rise will start earlier than most people thinks.
We don't want it to go up to quickly that would pretty much end badly we need gradual increases in price.
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boumalo
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August 15, 2014, 04:11:56 PM |
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As rpietila said, we are at the bottom and in my opinion a long and fast rise will start earlier than most people thinks.
We don't want it to go up to quickly that would pretty much end badly we need gradual increases in price. So far, the patern has been to fluctuate a lot then go up very quickly in a short amount of time and it is fine and fun
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NeedsMoreBTC
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August 15, 2014, 07:04:29 PM |
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I want a long period of down price please
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truthstalker
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August 15, 2014, 08:44:21 PM |
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I want a long period of down price please
Probably not going to go very low but might go down by a small bit for a small amount of time.
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CozyLife
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Theymos, unban my account.
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August 15, 2014, 09:42:50 PM |
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Once companies start holding onto their Bitcoin instead of selling it all for other currencies, the downward pressure from that will be removed, causing a rise in the value of a Bitcoin. Also, as more people learn about Bitcoin and adopt it, there will be more buyers than sellers, making the value of a Bitcoin go even higher. Keep in mind that Bitcoin is currently in the same state that the internet was when it was green text on a black DOS screen. Just as the internet evolved, so will Bit[Suspicious link removed]gle didn't start off as a multi-billion dollar company, it started off small with a couple of college students who who founded the business. As the internet grew, Google adapted and became more than just a search engine. Bitcoin IS the internet of it's own market and as such has the potential to surpass what Google has even built as it has the potential for the whole world to use it as a currency instead of just the majority.
So, while the million dollar Bitcoin isn't far fetched, I'd say that once the companies stop selling off all of their Bitcoin as soon as they get it and more people adopt Bitcoin as a payment method, the value of a Bitcoin will probably surpass $10,000. This is a growing market, and having more businesses accept Bitcoin greatly enhances it's visibility to many people and it's validity as a currency, even if the companies don't keep the Bitcoin they have. These are just growing pains and will pass very quickly as companies start to hold onto their Bitcoins.
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botany
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August 16, 2014, 12:27:26 AM |
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I want a long period of down price please
Probably not going to go very low but might go down by a small bit for a small amount of time. Down 20+% in a week. Good time for buyers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Brewins
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August 16, 2014, 01:18:37 AM |
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As rpietila said, we are at the bottom and in my opinion a long and fast rise will start earlier than most people thinks.
We don't want it to go up to quickly that would pretty much end badly we need gradual increases in price. I need a quick rise to sell my bitcoins, and since after every big rise there is a big correction, I will be able to get more cheap coins really fast too. Not a bad deal.
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Zebra
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August 16, 2014, 03:11:16 PM |
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I want a long period of down price please
Probably not going to go very low but might go down by a small bit for a small amount of time. Down 20+% in a week. Good time for buyers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yup it is now a good time to get some cheap bitcoin IMO, and I have prepared a few buy orders in lower price level as well just in case. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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