Bitcoin price 'to hit $2000' by end of the year | ThecTelegraph | #bitcoinprice

[colinistheman]

This has been my Bitcoin Price prediction for 2014 since the beginning of the year and I'm still sticking with it.

http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

I watched your video. Thanks for posting that. I was excited when I was watching your video because we have VERY similar predictions.

As you requested in the video, I put my own prediction on a graph to show you what I think. I didn't know about tradingview until I saw your video, so I signed up. Thanks for introducing me to this awesome tool.

I too use a logarithmic scale. I had made this graph weeks ago (it's printed on paper next to my computer) but I had no way of easily sharing it.

Here is my graph:

https://www.tradingview.com/v/aA0zaAFD/

To compare our graphs, we are obviously thinking the same way-- just that I allowed for some more time between the last spike and the next predicted one. It actually seems like we are a few weeks late to the next spike.

Your graph doesn't allow for the same period of time between the next predicted spike and the past several spikes. If you pull more graph data from the past, you will see there is a pattern of about 7.3 to 7.8 months between each spike top.

What was the reason you didn't allow for that same amount of time until the next spike? From what I gathered from your video, it sounded like you anticipated the progression of time between spikes will speed up. Per the last 3 spikes this didn't occur however.

The bull run should begin any day now, possibly in about 1 week. It should be moving up steadily in 2 weeks.

$6,500 bitcoin by September 2014.

[Lauda]

sounds legit because of the ETFs and the good news.

We are waiting for these ETFs since like forever.

[Guido]

This has been my Bitcoin Price prediction for 2014 since the beginning of the year and I'm still sticking with it.

http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

it's completely wrong though

[colinistheman]

This has been my Bitcoin Price prediction for 2014 since the beginning of the year and I'm still sticking with it.

http://prisonorfreedom.com/currency-analysis-7-bitcoin-price-prediction-for-2014/

Enjoy!
Tai Zen

it's completely wrong though

I think he's just off by a few months, but otherwise correct. For whatever reason he omitted the amount of time that has normally been passing between each price spike top. Got a little excited maybe.

[Skele]

That price sounds some realistic but stills being a little fantasy to me, i believe on Bitcoin prices rising but not that much, maybe $1000 dollars would

be just fine at years end, and six months later those $2ks will indeed be true...

[jubalix]

the whole $1200~$1100 last year was completely unexpected.......

In the BTC market anything is possible....I expext 10K with in 2 years from now, and 100K within 3~4 years from now however.

[maker88]

Sorry, but this is so far fetched ... So this guy has the guts to predict a 200-250 per cent increase in the value of BTC. 'cmon, guys - how can he be serious about such a call. These guys are as big of a damage to the reputation of BTC as the ones trying to discredit it.

lol why? why is a 250% increase more far fetched than last years 550%? or the prior years nearly 1000% seems pretty conservative considering a bitcoin hedge fund is launching in like 3 weeks.

[Apraksin]

What some short sighted speculators fail to understand is that we are looking at a possible paradigm-shift, the dawn of the first truly global currency! If Bitcoin performs to its potential I fully agree with the predictions of at least 100 k for 1 btc in 2-3 years, the growth could become explosive.

I would not be surprised if the price was 10 k by christmas.

[madken7777]

Sorry, but this is so far fetched ... So this guy has the guts to predict a 200-250 per cent increase in the value of BTC. 'cmon, guys - how can he be serious about such a call. These guys are as big of a damage to the reputation of BTC as the ones trying to discredit it.

lol why? why is a 250% increase more far fetched than last years 550%? or the prior years nearly 1000% seems pretty conservative considering a bitcoin hedge fund is launching in like 3 weeks.

What bitcoin hedge fund you talking about?

[gentlemand]

Sorry, but this is so far fetched ... So this guy has the guts to predict a 200-250 per cent increase in the value of BTC. 'cmon, guys - how can he be serious about such a call. These guys are as big of a damage to the reputation of BTC as the ones trying to discredit it.

lol why? why is a 250% increase more far fetched than last years 550%? or the prior years nearly 1000% seems pretty conservative considering a bitcoin hedge fund is launching in like 3 weeks.

What bitcoin hedge fund you talking about?

http://www.coindesk.com/first-regulated-bitcoin-investment-fund-launch-island-jersey/

[harles9]

You people need to relax.
In the long run, owning a few Bitcoins ought to be enough to let you retire.  The ride is a long one though.  Short term speculators are in for a world of hurt, IMO.

[Hyena]

You people need to relax.
In the long run, owning a few Bitcoins ought to be enough to let you retire.  The ride is a long one though.  Short term speculators are in for a world of hurt, IMO.

Watch out. The system has enslaved us to the extent that people no longer even know the meaning of that word -- retired.

[Bit_Happy]

You people need to relax.
In the long run, owning a few Bitcoins ought to be enough to let you retire.  The ride is a long one though.  Short term speculators are in for a world of hurt, IMO.

Watch out. The system has enslaved us to the extent that people no longer even know the meaning of that word -- retired.

At least one area of the world where people live the longest, they do not have a word that means retired. 

[maker88]

Sorry, but this is so far fetched ... So this guy has the guts to predict a 200-250 per cent increase in the value of BTC. 'cmon, guys - how can he be serious about such a call. These guys are as big of a damage to the reputation of BTC as the ones trying to discredit it.

people thought it hitting 1000 last year (500% gain) was far fetched too. they were laughed at, ridiculed, and then scorned when they were right and got rich when everyone else had already sold.

[Wolf Rainer]

And another bubble prediction. In the end of the last year people was saying this year in April or May we will hit 1.000 again, and we are now in July so?

[TaunSew]

The dot.com bubble of the late 1990s was $7 trillion and the internet back then was largely an obscure thing to most people. 

Then we also have gold which is a $2 trillion investment and a $4 trillion commodity.  Even then gold has its' draw backs.  If I am a wealthy person in Iraq or Syria and if I have to flee as a refugee, I can only physically carry so much gold on my possession ($1 million in gold = 25 kgs) and I risk my gold being seized by bandits or scrupulous border officials.


 
It's not a question of IF crypto currencies will be worth trillions but WHEN, and I think when is not decades but years.

Crypto currencies are still only $10 billion versus its' true realization that it'll be trillions someday.  We are all technically early adopters.

[jcoin200]

Last year it went from 200 to over 1000 in the last quarter off the year. Why couldn't we go from 600 to 2000 in the last quarter off this year? These investors probably know things we don't know about money coming in.

[wobber]

Last year it went from 200 to over 1000 in the last quarter off the year. Why couldn't we go from 600 to 2000 in the last quarter off this year? These investors probably know things we don't know about money coming in.

I've changed my view on bitcoin and I do find it a good investment for a niche clientele. Those anarchistic, fiat-scared, goverment-hater people. Wall Street and other mainstream guys will only get on board when the stock crashes. And by then, it will be too late for them to buy a bitcoin. Or too expensive.

Anyway, there's also physical gold and silver on the market and people trust these more.

[Lauda]

Last year it went from 200 to over 1000 in the last quarter off the year. Why couldn't we go from 600 to 2000 in the last quarter off this year? These investors probably know things we don't know about money coming in.

Because they aren't here right not, not really focusing on Bitcoin.

[wobber]

I don't really get it. If we pass 1000 again, the price should go much migher than 2000. Once we surpass the ATH and a big milestone, gold price, news will hit the press and people will panic buy like crazy. But I really don't think we can pass 1000 that easy.

Bitcoin surpassing price of gold will be BIG in terms of press coverage and this will bring loads and loads of new buyers. However, once speculators do what they do, the crash will be also big.