Price of BTC end of 2014

[pinksheep]

$2000 at year end but will hit $5000 before that

[roslinpl]

$2000 at year end but will hit $5000 before that

I will say ... $4000. This is quite possible and I wouldn't be surprised

[y3804]

Somewhere around $200

Theres no reason for the average joe to invest in BTC. after gox, china, etc... everyone has lost quite a bit of faith in the technology. btc is supposed to be a currency, not a trading item built out of speculation. also it wont ever replace the tools we use in modern life. its a niche item where all investors feel entitled to become millionnaires, so ridiculous

[roslinpl]

Somewhere around $200

Theres no reason for the average joe to invest in BTC. after gox, china, etc... everyone has lost quite a bit of faith in the technology. btc is supposed to be a currency, not a trading item built out of speculation. also it wont ever replace the tools we use in modern life. its a niche item where all investors feel entitled to become millionnaires, so ridiculous

Ohh I wish ... They I could buy many cheap coins ... but this is relatively not really possible

(not impossible either..)

[dyland]

I'm in accord to some of the comments above with respect to btc going anywhere and also to comments about the fact that the common person seems to give two satoshis about it (with all due respect to common people and the use of the phrase in a very clearly elitist sense, but colloquial nonetheless, and ironic if you think about it's use in that sense...); also agree about btc being niche. It is. It's very white techie male, western world, etc.

Anyway, my opinion on price is that we will eventually get to a handsome point, but we will have to go under the knife, look in the mirror, and take the bandages off, and we may not see what we like, which makes the epistemological exercise of bitcoin sort of suspicious in the long run as a profit-driven thing.

VC money is a good indicator, but not a unilateral one, of course. Flows of money and brains in look good. Will it translate to value by end of year? I don't know. Maybe. Not a yes.

While were on it, what is value? We define it benchmarked to USD. And that's fair. But it's the endpoint for which real value works backward from--ie I trade fiat units for real value: food, shelter, power, time, etc.

Bitcoin helps in those real value 'things' above, but we haven't teased out the best ways to do it yet, and the public doesn't see it. People on bitcointalk are prescient in the sense that they are here to know 'something' is happening, but they have no idea the course it's going to take in detail. So we all gather here because we're invested I it and most of us believe in it to some extent--a context ripe for bias.

Go with what your intuition says and think back to when you first heard about bitcoin--before you invested. What did you think? It was tabula rasa then. It is now a muddy dark and ugly picture. What does your old self do given that?

Extrapolate.

But,
Let's throw a number at the wall and see if it sticks:

End of 2014: bitcoin value in USD: 950

[y3804]

Somewhere around $200

Theres no reason for the average joe to invest in BTC. after gox, china, etc... everyone has lost quite a bit of faith in the technology. btc is supposed to be a currency, not a trading item built out of speculation. also it wont ever replace the tools we use in modern life. its a niche item where all investors feel entitled to become millionnaires, so ridiculous

Ohh I wish ... They I could buy many cheap coins ... but this is relatively not really possible

(not impossible either..)

and let's not forget to mention that it will soon be banned in China, Vietnam, Russia, India (raid), prob. Japan and regulated in the US. IMO, it would take something phenomenal to bring BTC up to $5K. (Do you even realize how much fresh capital we need for $5K?)

[sumana]

Somewhere around $200

Theres no reason for the average joe to invest in BTC. after gox, china, etc... everyone has lost quite a bit of faith in the technology. btc is supposed to be a currency, not a trading item built out of speculation. also it wont ever replace the tools we use in modern life. its a niche item where all investors feel entitled to become millionnaires, so ridiculous

that will be cool   to  buy some coins

[firstlast]

Maybe $700

[Nikinger]

Around $150 with bearish tendency.

I think, all crypto coins will be regulated nearly to it's death and solely continues to exist in the underground economy, primary for
a) small illegal business
b) hiding assets from the wife during a divorce
c) hiding assets from the authorities during living off social security (some countries requires you to spend almost all your money before you get help in case of unemployment)
d) hiding assets from the authorities while pretent to be insolvent

Because of the regulation and an obscure overcomplicated taxation system, BTC will never exists as an easy-to-use payment like PayPal, Credit Card or some future Apple or Amazon payment method. If the avarge Joe choices to invest to BTC anyway, he has the choice between weeks long verification marathons OR travelling a long distance for a meeting with a shady person or even a cop which arrests him, accusing him to laundry money (maybe not a problem if smart Joe will convert his fiat to BTC in many but small portions).

I think, the EU will also regulate Bitcoin sooner or later.

[rikkie]

I think it will stay a little bit the same for a long time now. No big changes i think.

[roslinpl]

Maybe $700

Possible like any other. Isn't?

[MykelSilver]

Why is there no range lower than $50-100?


I vote for $10-$50

are you for real?   That is a realistic range for LTC, not BTC

It went in the same time-frame up from $10 to $1200, so the other way is also possible

[roslinpl]

Why is there no range lower than $50-100?


I vote for $10-$50

are you for real?   That is a realistic range for LTC, not BTC

It went in the same time-frame up from $10 to $1200, so the other way is also possible

IMO $1200 is more possible than $10 ...

But I will but a lot of BTCs if price will be $10

I will have more then EVER then hehe

[BitchicksHusband]

$1500 is my prediction, sounds the most logical to me. Some people saying $6000? Sounds unrealistic to me in case miracle happens.

Bitcoin has gone up 10× every year.  Last year it went from $13 to $1200, almost 100×.  Why should this year be any different when we are just starting the vertical portion of the technology adoption curve?

Heck, I don't think the correct answer is even on the board, because we could easily go over $10,000 this year.

[MykelSilver]

In a couple of months my $10-$50 is added in another poll and this thread is "forgotten"

[igorr]

Zero

[inca]

Zero

Long way to go troll!

[pinksheep]

but surely there's no guarantee that we'll ever hit the vertical stage of the S-curve. Widespread adoption may never happen.

[wachtwoord]

but surely there's no guarantee that we'll ever hit the vertical stage of the S-curve. Widespread adoption may never happen.

There are very few guarantees in life. I'm expecting the sun to rise tomorrow but I cannot guarantee it

[pinksheep]

lots of people here talk as if it's a dead cert!