$10,000 within 3 years?

[ThatDGuy]

Since the price is currently $440 this represents a 22.72 x return over 3 years or approx. 283% per annum.
This tells me the market thinks there is a very very small chance of this event occurring - if it was probable the price would be a lot higher already.

I think not.

Next rise is just around the corner, and it will hit 5k or more.

I'm thinking it will be around this too.  I have a hard time thinking that if it goes up again (in a similar fashion to all of the other violent increases before) it's going to blow past the old ATH, and $2,000 on it's way to somewhere in that $3k-5k range.  Lots more eyes on BTC this year than there were last year.

[1715587235]

1715587235

[1715587235]

1715587235

[keithers]

about 20%

3 years is not much, and I doubt it can go so high with pure speculation. I mean it must be super easy to convert to BTC (like at every ATM) or much more people need to get paid in BTC.

I would tend to agree with this assessment.   You have to remember that a huge percentage of people were confident that it would hit $10,000 in 2014.   While there is still a very very slim possibility that it does actually happen in 2014, it is very unlikely at this point IMO.   

[painlord2k]

Since the price is currently $440 this represents a 22.72 x return over 3 years or approx. 283% per annum.
This tells me the market thinks there is a very very small chance of this event occurring - if it was probable the price would be a lot higher already.

I think not.

Next rise is just around the corner, and it will hit 5k or more.

I'm thinking it will be around this too.  I have a hard time thinking that if it goes up again (in a similar fashion to all of the other violent increases before) it's going to blow past the old ATH, and $2,000 on it's way to somewhere in that $3k-5k range.  Lots more eyes on BTC this year than there were last year.

There are around 400M $ already announced entering this year in the Bitcoin space.
There are a lot more, IMO, not announced yet entering the space.

More business accept or use them, more people have incentives to use, hold and buy bitcoins.

The only problem, for now, it is the current inflation rate of bitcoin: it is just 5% higher than the inflation rate of the $US.

This problem will solve itself around July 2016.

[jdun]

At first I think 3 years is not a long time, but then I remember that bitcoin is only around 5 years old (I believe), then 3 years sounds like a lot. My best guess is that it'll hit 10k within 5 years. I give it a 50-60% chance of hitting 10k within 3 years and 85% chance of hitting 10k within 5 years.

[Odalv]

31.12.2014 more than     $350/BTC
31.12.2015 more than  $1,925/BTC
31.12.2016 more than $10,587/BTC

[keithers]

31.12.2014 more than     $350/BTC
31.12.2015 more than  $1,925/BTC
31.12.2016 more than $10,587/BTC

These are pretty specific numbers.   Did you draw them off of any calculations, or did you just throw out a number?

[hashuniverse]

What's the basis for such a calculation?

[keithers]

What's the basis for such a calculation?

That is what I am asking.  I am curious as to what led him to the above estimates/times

[hashuniverse]

I guess its all guestimates.

[agf]

$10.001.001 2 years
$111.222.333 in 4 years
high profile. buy buy buy

[Odalv]

31.12.2014 more than     $350/BTC
31.12.2015 more than  $1,925/BTC
31.12.2016 more than $10,587/BTC

These are pretty specific numbers.   Did you draw them off of any calculations, or did you just throw out a number?

- There is 99,999% probability than bitcoin will rise 550% per/year (next few years) ... based on the past,  bitcoin price was $60 in 2013, $12 in 2012  and $2 in 2011 ... )
- BUY & HOLD as much as you can afford to lose (just in case 0,001% bitcoin can fail), and you will be very rich man :-)  (ods are 100,000 : 1 )

[keithers]

$10.001.001 2 years
$111.222.333 in 4 years
high profile. buy buy buy

Lol, 111k per 1 BTC in 4 years, now that is strong...   

[boumalo]

31.12.2014 more than     $350/BTC
31.12.2015 more than  $1,925/BTC
31.12.2016 more than $10,587/BTC

These are pretty specific numbers.   Did you draw them off of any calculations, or did you just throw out a number?

- There is 99,999% probability than bitcoin will rise 550% per/year (next few years) ... based on the past,  bitcoin price was $60 in 2013, $12 in 2012  and $2 in 2011 ... )
- BUY & HOLD as much as you can afford to lose (just in case 0,001% bitcoin can fail), and you will be very rich man :-)  (ods are 100,000 : 1 )

Past performance does not guarantee future results but I think the price will soar again because the technology is great, we need Bitcoin and most fiat currencies will fail once again

[teukon]

10-15%.  I consider myself very bullish.

[counter]

I'd say 3 years is a good goal to aim for 10K.  That would really mean good things for people buying and holding now that is for sure.

[Varicon]

It has a good chance of hitting that much, hopefully if adoption rates increase.

[tspacepilot]

Of course if it goes that high I will be happy (and will sell!).  However I'd be happy if it stablized around 1000USD and simply became easier to use in everyday situations.  Recently I bought something from a website and apparantly my credit card payment went through paypal, I thought: how stupid, why can't I pay with bitcoin?

I hope the future finds me soon!

[boumalo]

It has a good chance of hitting that much, hopefully if adoption rates increase.

I would say the probability of the price hitting 10k$ within 3years is 75%

Of course if it goes that high I will be happy (and will sell!).  However I'd be happy if it stablized around 1000USD and simply became easier to use in everyday situations.  Recently I bought something from a website and apparantly my credit card payment went through paypal, I thought: how stupid, why can't I pay with bitcoin?

I hope the future finds me soon!

Bitcoin is a great technology that can be useful for a variety of reasons, the protocol has shown its strength

[tins]

Of course if it goes that high I will be happy (and will sell!).  However I'd be happy if it stablized around 1000USD and simply became easier to use in everyday situations.  Recently I bought something from a website and apparantly my credit card payment went through paypal, I thought: how stupid, why can't I pay with bitcoin?

I hope the future finds me soon!

I think that the best way to raise the price of btc is in its adoption.
The Bloomberg story was great to hear.
We just need more like it!

[Varicon]

Yep, widespread positive media and easier ways to use BTC will increase adoption, which in turn should hopefully see the price on the rise.