What Bitcoin Will Be Worth before end of 2014

[joshraban76]

I think myself that anything around $1000 sounds about reasonable for the end of this year. 2015 does seem like it could potentially be a better year for bitcoin but as it stands now I do not see it climbing too high for the moment. I personally do not feel though that you can truly predict how much bitcoin will be worth as anything could happen to make the price skyrocket.

[CoinsCoinsEverywhere]

There will be high possibility to climb back to the peak of 2013 if China and other countries cancel their restriction to BTC. I think it isn't long before they will realize the benefit the new technology will bring to us.

Came here to say more or less this...China can potentially play an incredibly strong role in sending bitcoin moonward in 2014, as was already shown in 2013.  For what it's worth, they have the #2 highest GDP in the world.  Clearly, many Chinese enjoyed Bitcoin for a short while.  However, the ripple effects of so many Chinese people in the Bitcoin market have not ever been realized.  The price could easily soar if restrictions are eased in China, otherwise I think we will see a generally steady price with gradual increases.

I agree that China could play a huge role in another rally if restrictions are eased.  But do you really think that's going to happen?  Maybe eventually, but considering how much the Chinese government likes to control things, I doubt it would anytime in the near future.  If anything, I see regulation getting worse.

[polynesia]

There will be high possibility to climb back to the peak of 2013 if China and other countries cancel their restriction to BTC. I think it isn't long before they will realize the benefit the new technology will bring to us.

Came here to say more or less this...China can potentially play an incredibly strong role in sending bitcoin moonward in 2014, as was already shown in 2013.  For what it's worth, they have the #2 highest GDP in the world.  Clearly, many Chinese enjoyed Bitcoin for a short while.  However, the ripple effects of so many Chinese people in the Bitcoin market have not ever been realized.  The price could easily soar if restrictions are eased in China, otherwise I think we will see a generally steady price with gradual increases.

I agree that China could play a huge role in another rally if restrictions are eased.  But do you really think that's going to happen?  Maybe eventually, but considering how much the Chinese government likes to control things, I doubt it would anytime in the near future.  If anything, I see regulation getting worse.

Any under-penetrated and large market, like China or India, could spark off the next bitcoin rally. 

[Swordsoffreedom]

Still hoping for a over 2000 dollar price range
That said it might only be a mere 1000 but I can live with that 

[lyth0s]

There will be high possibility to climb back to the peak of 2013 if China and other countries cancel their restriction to BTC. I think it isn't long before they will realize the benefit the new technology will bring to us.

Came here to say more or less this...China can potentially play an incredibly strong role in sending bitcoin moonward in 2014, as was already shown in 2013.  For what it's worth, they have the #2 highest GDP in the world.  Clearly, many Chinese enjoyed Bitcoin for a short while.  However, the ripple effects of so many Chinese people in the Bitcoin market have not ever been realized.  The price could easily soar if restrictions are eased in China, otherwise I think we will see a generally steady price with gradual increases.

I agree that China could play a huge role in another rally if restrictions are eased.  But do you really think that's going to happen?  Maybe eventually, but considering how much the Chinese government likes to control things, I doubt it would anytime in the near future.  If anything, I see regulation getting worse.

Any under-penetrated and large market, like China or India, could spark off the next bitcoin rally. 

Don't forget Argentina, they are in a world of trouble right now. I don't think most of them are too tech savvy (due to import laws and taxes), but something like a stellar smart phone app could launch local trade of bitcoins in the country, with or without their governments approval.

[dalessi]

Hello,

I think the true value of Bitcoin now, and into the future is not determined by what I would like it to be (As I am A miner :-) .

I think the true vale will be established simply by it's long run utility, and safety.

For strengths I think it is a limited resource and can thus hold real value longer term than other things where the supply can actually increase dramatically over time. I do not mean only money, but other things like Gold, Silver or anything I can produce or dig out of the ground. The supplies of Gold, Silver, Diamonds, etc can increase rapidly over time.

The downside of Bitcoin is basically you can't really use it for anything except speculation. Kind of like gambling. Is it worth $1 or one million dollars ?

The other problem is it's difficulty to use safely for the average non technical person, who can barely turn a computer on or off. I am sorry to say there are Billions of people on planet earth that fit that category.

It is just a dream to expect them to all learn computers, bitcoin wallets, paper wallets, mind wallets, etc.

They can't really grasp that. It is just to hard.

If you hand them a $20 Bill they can firure out that, and can count change. They are fine with that, but not getting an Android phone, setting up a wallet on their phone, buying or earning Bitcoin and somehow getting it on their phone, Finding some store to buy food, and figure out how to pay with their Android Bitcoin wallet.  The first time they send their Bitcoin to a wrong address and it's lost. Their money is gone!

Until you can use Bitcoin as easily as a $20 Bill, it will have a very hard time in the real world.

Please do not get me wrong. A lot of people are going to make a lot of money with Bitcoin. Companies, Miners, App developers, Smart businesses that want their share of Bitcoin, Hedge Funds, Traders, etc, etc, etc.

Just not average people.

I think Bitcoin will end 2014 around $350 to $675. Maybe 2015 $500 to $800 With lot's of up and down along the way.

[Alchemix]

I think it will close the year around $830 and then jump a bit higher in Jan 2015.
People invest some of that Xmas money.
At the end of the day, its simply a guessing game.

[regedit]

Amazon accepting bitcoin is massive because pretty much everything is on amazon.

This is really possible lots of shop are adapting now..

[deepestfear]

I think we will see around $1k by end of 2014

[Ivan Bitcoinowsky]

I analysed those price graphs and best conclusion was not price of bitcoin actually rising, but rather price of dollar and general market/economy failure.
At point of $5k per BTC, how much dollars you need to support all those bitcoins? $ 60 billion. How on earth do you even think it is even possible?
Not even in your wildest dreams. My prediction for the end of 2014 is $450- $520. Sorry guys, I'm way too long in this crap, party is over.
I am only guessing- half of "optimists" here are newcomers (February, March? right?) and the other half are guy from late December, who either
lost on bitcoin price swing, shitty mining equipment or failed trading, and try to lure some fresh meat on board to get them into scam and regain lost money.
Prove me wrong. I dare you, I double dare you!


Maybe like 2% max is real supporters who do not have any bitcoins, but support the general idea.



EDIT:

And just to reveal the whole joke about bitcoin:

It will be worth exactly the same. Question you all wanted to ask: how much you wish it to be pumped in price?

[JayJuanGee]

I analysed those price graphs and best conclusion was not price of bitcoin actually rising, but rather price of dollar and general market/economy failure.
At point of $5k per BTC, how much dollars you need to support all those bitcoins? $ 60 billion. How on earth do you even think it is even possible?
Not even in your wildest dreams. My prediction for the end of 2014 is $450- $520. Sorry guys, I'm way too long in this crap, party is over.
I am only guessing- half of "optimists" here are newcomers (February, March? right?) and the other half are guy from late December, who either
lost on bitcoin price swing, shitty mining equipment or failed trading, and try to lure some fresh meat on board to get them into scam and regain lost money.
Prove me wrong. I dare you, I double dare you!


Maybe like 2% max is real supporters who do not have any bitcoins, but support the general idea.



EDIT:

And just to reveal the whole joke about bitcoin:

It will be worth exactly the same. Question you all wanted to ask: how much you wish it to be pumped in price?

YES>>>> keep pumping the message that bitcoins are NOT worth anything... maybe you will be correct, but likely NOT.



Second, you are engaging in faulty logic when you attempt to characterize the financial status or the investment timeline of those people who have invested in bitcoin.  There remains much more diversity in the group than you make out to be... additionally, with some institutional investors and more institutional investors coming on board.  The message is spreading and hopefully you will be sufficiently "in" btc in order to profit from such price appreciation.... if NOT you may have to run after the train in order to jump on at the next station. 

Bitcoin will likely be nearing $850 by the end of the year, and if it surpasses $850, then we will likely be on our way to the next bubble, which is in the $3-5k range.   Such bubble could occur before the end of calendar year 2014 - however, I would NOT be completely thrown off guard if such next bubble did NOT take place until early 2015.

[tee-rex]

I analysed those price graphs and best conclusion was not price of bitcoin actually rising, but rather price of dollar and general market/economy failure.
At point of $5k per BTC, how much dollars you need to support all those bitcoins? $ 60 billion. How on earth do you even think it is even possible?
Not even in your wildest dreams. My prediction for the end of 2014 is $450- $520. Sorry guys, I'm way too long in this crap, party is over.
I am only guessing- half of "optimists" here are newcomers (February, March? right?) and the other half are guy from late December, who either
lost on bitcoin price swing, shitty mining equipment or failed trading, and try to lure some fresh meat on board to get them into scam and regain lost money.
Prove me wrong. I dare you, I double dare you!

Maybe like 2% max is real supporters who do not have any bitcoins, but support the general idea.

EDIT:

And just to reveal the whole joke about bitcoin:

It will be worth exactly the same. Question you all wanted to ask: how much you wish it to be pumped in price?

I guess you missed the Bitcoin train and are now giving vent to your anger and disappointment of yourself? Or maybe you are one of those who bought at $1100+ and had to close at $450 (and got really angry)?

[oceans]

Predicting what bitcoin will be worth at the end of this year is not something that is easy however seeing how popular it is becoming now. I would has it a guess that bitcoin may be worth something around the $800 mark by the end of 2014 but with more businesses jumping in to accept bitcoin it could prove a good year in 2015 for the coin to be worth more.

[CoinsCoinsEverywhere]

I analysed those price graphs and best conclusion was not price of bitcoin actually rising, but rather price of dollar and general market/economy failure.
At point of $5k per BTC, how much dollars you need to support all those bitcoins? $ 60 billion. How on earth do you even think it is even possible?
Not even in your wildest dreams. My prediction for the end of 2014 is $450- $520. Sorry guys, I'm way too long in this crap, party is over.
I am only guessing- half of "optimists" here are newcomers (February, March? right?) and the other half are guy from late December, who either
lost on bitcoin price swing, shitty mining equipment or failed trading, and try to lure some fresh meat on board to get them into scam and regain lost money.
Prove me wrong. I dare you, I double dare you!


Maybe like 2% max is real supporters who do not have any bitcoins, but support the general idea.



EDIT:

And just to reveal the whole joke about bitcoin:

It will be worth exactly the same. Question you all wanted to ask: how much you wish it to be pumped in price?

Total market capitalization ($60B with $5k/BTC) is not the amount of money that's been pumped into the market.  It's simply a multiplication of the coin value and coin price, which is useful for little more than comparing with other markets (e.g., market cap of gold, stocks, etc.).  It takes much less to actually move the market.

Also, there are hedge funds out there with hundreds of billions of dollars under management.  If there were enough interest, if a few funds each threw in, say, $10B, you could easily have $60B+ invested in bitcoin.

[right wing authoritarian]

Can we say that the current bitcoin price is the best predictor of the future price as is the case with other currencies? Has anyone done a serial correlation study or something similar. I saw a quote that daily bitcoin volatility is about 7.6%. So in a year whatever your prediction you should plus or minus 7.6*(365^0.5) percent.

[Traffic4u]

More than $700 in the end of 2014, and i think will reach $1000 again in a middle of 2015.
No body knows, hope the best for bitcoin.

[JayJuanGee]

Can we say that the current bitcoin price is the best predictor of the future price as is the case with other currencies? Has anyone done a serial correlation study or something similar. I saw a quote that daily bitcoin volatility is about 7.6%. So in a year whatever your prediction you should plus or minus 7.6*(365^0.5) percent.

You got part of the answer correct, and that is the current price trend is the best predictor of future price, and in that regard, the price of bitcoin is in NO way at a stable value....    Accordingly, BTC future prices are likely to be going up... up and up... just like they have done in the past, yet maybe NOT

The more likely outcome is that BTC is going to experience between 25% and 800% annual appreciations in price for the next several years...   Maybe in the meantime, there could be some changes or some new and upcoming competitive asset class... but until then BTC is the main game in town.

[polynesia]

Can we say that the current bitcoin price is the best predictor of the future price as is the case with other currencies? Has anyone done a serial correlation study or something similar. I saw a quote that daily bitcoin volatility is about 7.6%. So in a year whatever your prediction you should plus or minus 7.6*(365^0.5) percent.

Implying a floor of zero.