5 digits before the end of the year.

[Ibian]

Putting my head on the block. I see people talking about 3-6k, and from what I gather predictions for the big jumps tend to be too low. That plus really big money looking at us right now.

[Benjig]

Its nothing out of the posibilities, with bitcoin all is possible, i rembember last year i and almost everybody expecting the litecoin to go to 5 dollars ( when it was 2) and 5 dollars was like the dream price but then it go to 20 and finally +30 dollars!

[zimmah]

I think the chances of reaching 10k this year are low, but not zero. I'd say about 1.5%

That being said i am pretty sure we will see 2000~2500 at the end of the year, as we'll definitely go in a dip after the run, and the run will most likely be summer or fall, and be definitely over by winter.

The only way we are still at 5 digits at the end of the year is if we go into a double run (which happened in 2011 IIRC) and only dip back once by the end of the year. In that case we could even see prices close to 40k during fall. Although the chances of that happening are probably below 1%

[pinksheep]

The only way we are still at 5 digits at the end of the year is if we go into a double run (which happened in 2011 IIRC) and only dip back once by the end of the year. In that case we could even see prices close to 40k during fall. Although the chances of that happening are probably below 1%

If we reach $40K, I'm out And I do think $10K is possible this year.

[JimboToronto]

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

[kibblesnbits]

There's no way it's five digits unless there's a decimal in between there somewhere. 
I'll predict we don't break $1,000 this year, any takers?

[adamstgBit]

There's no way it's five digits unless there's a decimal in between there somewhere. 
I'll predict we don't break $1,000 this year, any takers?

thats crazy talk!!!

how much you wana bet?

[Benjig]

Yes we can have a $20,000 bitcoin but at that point a soda will cost $500  .. if there are a really massive adoption, we can reach ATH as far as 50,000

[chessnut]

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

who is chestnut?

[gentlemand]

Five figures would be jolly surprising. I think we'd need some actual pros involved in the market infrastructure to sustain that. Good job it looks like they're on their way. Anything upwards from here is fine by me.

[BittBurger]

There's no way it's five digits unless there's a decimal in between there somewhere. 
I'll predict we don't break $1,000 this year, any takers?

I am super bullish on Bitcoin long term, but I agree that $1,000 is feeling a lot more iffy than it was in January.

-B-

[wachtwoord]

The only way we are still at 5 digits at the end of the year is if we go into a double run (which happened in 2011 IIRC) and only dip back once by the end of the year. In that case we could even see prices close to 40k during fall. Although the chances of that happening are probably below 1%

If we reach $40K, I'm out And I do think $10K is possible this year.

Why would you ever trade away all your Bitcoins? Just re-balance your portfolio.

[pinksheep]

If we reach $40K, I'm out And I do think $10K is possible this year.

Why would you ever trade away all your Bitcoins? Just re-balance your portfolio.

OK, I'll admit I'll probably keep 1 just in case, we hit really BIG money. But I have a figure in mind that I need to build my dream house & when we get there, I'll sell the vast majority of my coins.

[wasserman99]

Possible, but I'm still in the 4-figure camp personally. 

Looking at the last two run-ups, we still haven't seen anything like 2011. Does that mean we should expect a 20x move from here? Maybe the bubbles will get smaller and smaller, but keeping a steady upwards trend long term...

[kibblesnbits]

There's no way it's five digits unless there's a decimal in between there somewhere. 
I'll predict we don't break $1,000 this year, any takers?

thats crazy talk!!!

how much you wana bet?

I'll do up to 2BTC.  The price on bitcoinaverage.com does not go above $1,000 USD between now and 12/31/14 at 23:59 UTC.  Deal? 

[ranlo]

There's no way it's five digits unless there's a decimal in between there somewhere. 
I'll predict we don't break $1,000 this year, any takers?

I'm pretty certain that we'll reach our previous ATH. I'm thinking we might hit 1.5k. But 5 figures? That's a bit of a stretch at this point.

[JimboToronto]

This old chestnut again?

who is chestnut?

Not who, what. 

http://en.wikipedia.org/wiki/Chestnut_%28joke%29

Chestnut is a British slang term for an old joke, often as old chestnut. The term is also used for a piece of music in the repertoire that has grown stale or hackneyed with too much repetition.

Old, stale, hackneyed.

Like the question of when bitcoins first reach $10,000.00.

[lyth0s]

The only way we are still at 5 digits at the end of the year is if we go into a double run (which happened in 2011 IIRC) and only dip back once by the end of the year. In that case we could even see prices close to 40k during fall. Although the chances of that happening are probably below 1%

If we reach $40K, I'm out And I do think $10K is possible this year.

$40,000 a coin means bitcoin is clearly doing something right. If anything that should be more incentive to stay IN, and like another forum member has stated, just rebalance your portfolio or take a percentage rake (look up SSS Simple and Sane Savings plan for Bitcoin).

[harlenadler]

I think we are definitely going to maintain bitcoin's long term history of..... UP......but I think 5 figures is pretty optimistic, just thinking about the last bubble and the way it fizzled out after only what, less than 5x the previous ATH? I wonder if the next bubble will be bigger than that....

[ranlo]

I think we are definitely going to maintain bitcoin's long term history of..... UP......but I think 5 figures is pretty optimistic, just thinking about the last bubble and the way it fizzled out after only what, less than 5x the previous ATH? I wonder if the next bubble will be bigger than that....

Due to how long it has taken us to get back to the previous ATH, a lot of people are going to dump when we're near/at it again. This is going to create a ton of resistance. People are going to be afraid that as soon as we get to 1.2k again it'll drop and will want to exit before that happens.