Four Charts That Suggest Bitcoin Value Could Be At 10,000 USD Next Year

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http://www.cryptocoinsnews.com/news/four-charts-suggest-bitcoin-value-10000-usd-next-year/2014/06/27

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[Willisius]

I don't get who is going to keep buying these bitcoins to push the price that high.

[_smudger_]

I don't get who is going to keep buying these bitcoins to push the price that high.

me

[lihuajkl]

I don't get who is going to keep buying these bitcoins to push the price that high.

The Chinese speculators were crazy to push the price as high as ＄1163  in 2013. Then the speculation was oppressed down and the price declined to ＄400. Until now the price bounce back too ＄570. It is more stable now. I think most of the people who have bought BTC now have faith with BTC and want to invest into it.

[Light]

I don't get who is going to keep buying these bitcoins to push the price that high.

The only way we'd reach 10K by next year would be by having a hyperinflationary bubble such that as the price increases speculators get excited and demand more leading to an increase in price once more. However, this case is so unlikely, I personally think we'd be lucky to get back to 1K again.

[bananaControl]

Well i was expecting bitcoin to reach much higher values this year judging from its previous year performances.

Oh darn, the get rich quick scheme failed. Better luck next year!

[Greenleed]

Bitcoin price does not follow chart(s) but market.

[Kprawn]

Well I think last year, was a bit of a bubble. 

But investors tend to run to a more stable environment, when fiat currencies goes flat. So in the long run a more stable rate, would be better.

If fiat currencies should drop, and all indication are, that the stimulation of currencies, cannot be sustained, we would see traders, going the way of commodities, which is stable, eg. Gold etc.

It would be better, if we have a steady increase over a long period, rather than great fluctuation over short periods. {If you look at the bitcoin graphs, since 2009, it's still going upwards.}

We will see some spikes, when bigger companies adopt BTC but thats just demand for BTC increasing.

Having $10 000 US by next year, based on last years performance, imo is wishfull thinking. But I would not have predicted last years record highs either. {traditional trader}

[Lauda]

I don't get who is going to keep buying these bitcoins to push the price that high.

The only way we'd reach 10K by next year would be by having a hyperinflationary bubble such that as the price increases speculators get excited and demand more leading to an increase in price once more. However, this case is so unlikely, I personally think we'd be lucky to get back to 1K again.

Well indeed. The price has been moving almost nowhere for a month now. Such an instant rise would be bad as well.
I'd rather see a daily growth of around 5%.

[4kthm2]

I don't get who is going to keep buying these bitcoins to push the price that high.

The only way we'd reach 10K by next year would be by having a hyperinflationary bubble such that as the price increases speculators get excited and demand more leading to an increase in price once more. However, this case is so unlikely, I personally think we'd be lucky to get back to 1K again.

Well indeed. The price has been moving almost nowhere for a month now. Such an instant rise would be bad as well.
I'd rather see a daily growth of around 5%.

You realize if you start at $570 and compound 5% daily for 1 year the total is $29,429,285,427.97 right?

[Stery]

They are at Google Trends

[Lauda]

Well indeed. The price has been moving almost nowhere for a month now. Such an instant rise would be bad as well.
I'd rather see a daily growth of around 5%.

You realize if you start at $570 and compound 5% daily for 1 year the total is $29,429,285,427.97 right?

Please. I did not mean every damn day.
I'm saying that a daily growth of 5% is way better than 55555% in a day.

[Lauda]

Well i was expecting bitcoin to reach much higher values this year judging from its previous year performances.

Oh darn, the get rich quick scheme failed. Better luck next year!

it didn't, i have made multiples from my initial investment.

Multiple of 1$ can be 2$. 

[tokeweed]

http://www.cryptocoinsnews.com/news/four-charts-suggest-bitcoin-value-10000-usd-next-year/2014/06/27

[hamiltino]

Well i was expecting bitcoin to reach much higher values this year judging from its previous year performances.

Oh darn, the get rich quick scheme failed. Better luck next year!

I only wrote that comment because i was getting paid for every post i write due to the advertisement in my sig which i just took off now cause it may cause me to write about shit I don't care about.

[Miz4r]

I don't get who is going to keep buying these bitcoins to push the price that high.

That's what people said at $1, then at $10, and then they said it again at $100.. well you get the picture.

[oda.krell]

Stop with the TO DA MOON projection bullshit, bulls. That's my opinion.

My patience is starting to wear thin.

2014 is starting to look like 2011/2012: time for the network to grow, services to develop, the community to grow, etc. And price, to, well, stagnate a bit.

Don't think that's true? I don't give a fuck, we all make our bets accordingly (some sold, sold are holding, some are buying more), but whatever you decided to do, the desperate repetition of those "$10,000/$100,000 next month/year" threads is getting ridiculous.

If price really goes up that much, that fast, we will notice, I'm sure. Until then, work to improve the network in your own ways.

(And I realize that this is what Blitz has been saying for close to 6 months now. Good guy.)

[the_sunship]

As someone who purchase vintage instruments, I can guarantee that some people will purchase bitcoin at $10,000. A $10,000 guitar is considered average price among collectors these days. That would have been unbelievable to me when I was 15 and just purchased a $300 used Les Paul. Numbers are only relative to your state of mind.

[zimmah]

Bubble, 8 months bear market, bubble, 8 months bear market.

we're currently close to 8 months again.

time for another bubble

[bananaControl]

Bubble, 8 months bear market, bubble, 8 months bear market.

we're currently close to 8 months again.

time for another bubble

The bull is strong in this one - I like it!