$10,000 in three years

[Odalv]

Draper told CoinDesk:

    “I guess the markets aren’t seeing what I am seeing. An entire economy is being rebuilt. I have a price target of $10,000 in three years. Even that may be pessimistic.”

http://www.coindesk.com/tim-draper-bitcoins-price-still-headed-10k/

[Torque]

I think his estimated timeframe is a bit conservative, possibly in 2 years.

[Wilhelm]

I think his estimated timeframe is a bit conservative, possibly in 2 years.

Next month would be fine with me

[Chuckee]

draper sunk his money into a poor investment and now he is attempting to pump it so he can sell it to a "newer idiot".

don't be fooled by his biased assertion and do not buy into a false recovery!

[minerpumpkin]

I think his estimated timeframe is a bit conservative, possibly in 2 years.

If this is conservative or a pie in the sky, we can't possibly tell today. We could also go down from here, and Bitcoin may fail to grasp traction completely. For what it's worth, both of these scenarios are more or less equally likely. I don't even try to gauge which one may be more likely. 2 Years... could be. Could be 1 Year... But could also be never.

[zimmah]

that's a pretty bearish prediction actually.

$10,000 is not that much to reach in 3 years given the history of bitcoin

[ThatDGuy]

that's a pretty bearish prediction actually.

$10,000 is not that much to reach in 3 years given the history of bitcoin

This is true.  Each bubble has made the previous bubble look like a small blip on the all-time value chart.

If another bubble does that to the one we saw last fall, $7k-$10k is about the realm we're looking at.

[ChuckBuck]

Of course he's trying to pump up his 30,000 BTC investment, he lost $5mill FIAT on it since July!  

I believe in Bitcoin, I'm just trying to figure out why it's declined from $650 in July to $470 now, with mostly positive news, investors and entrepeneurs alike trying to jump in, and increasing adoption.

Something's holding it back besides the proposed NY Bit license regulation, I just have no idea what it is.  

[adamstgBit]

that's a pretty bearish prediction actually.

$10,000 is not that much to reach in 3 years given the history of bitcoin

This is true.  Each bubble has made the previous bubble look like a small blip on the all-time value chart.

If another bubble does that to the one we saw last fall, $7k-$10k is about the realm we're looking at.

I disagree

I see much gains in the coming years, but 10k is just not realistic, sure it can happen... but i wouldn't count on it.

[DeadCoin]

Bitcoin pumper says price will go up?   I'm shocked.

[Chuckee]

Bitcoin pumper says price will go up?   I'm shocked.

We're pretty much left with this crap now, since they've banned and are apparently trying to extort fees from anyone who has a negative outlook.

[adamstgBit]

 

idiots

[exocytosis]

Pumpers gonna pump.

He'll dump his stash if we ever get back to the 700 dollar range. But we won't, so he'll eventually sell at a loss, probably when we go below 300, a couple of months from now. Poor guy.

[Equate]

Every time BTC has broken its previous records but $10000 in 3 years is too much optimism . $3-4k might be possible.

[Dalmar]

This reminds me of gold bagholders who bought at the top and are still hoping for $10,000 per ounce of gold.

[exocytosis]

Something's holding it back besides the proposed NY Bit license regulation, I just have no idea what it is.  

3600 new coins are created every day. Miners have to sell a lot of those coins to pay their bills. All those huge sell orders have trouble finding buyers. The market is saturated, and this ridiculously high price can't be sustained forever. Merchants also sell their stash routinely, since it's a lot riskier holding BTC than fiat. User adoption has stagnated, to put it mildly.

[btcformat]

In three years the value could be much more high than 10,000$.

[Mellnik]

draper sunk his money into a poor investment and now he is attempting to pump it so he can sell it to a "newer idiot".

don't be fooled by his biased assertion and do not buy into a false recovery!

Yes!!1 ofc what an obvious intention of Draper, well recognized  

[zimmah]

Bitcoin pumper says price will go up?   I'm shocked.

We're pretty much left with this crap now, since they've banned and are apparently trying to extort fees from anyone who has a negative outlook.

omg, at first i thought he was just joking, but now that i look at his post history i realized who he really is

[tex99]

Of course he's trying to pump up his 30,000 BTC investment, he lost $5mill FIAT on it since July!  

I believe in Bitcoin, I'm just trying to figure out why it's declined from $650 in July to $470 now, with mostly positive news, investors and entrepeneurs alike trying to jump in, and increasing adoption.

Something's holding it back besides the proposed NY Bit license regulation, I just have no idea what it is.  

The Mt Gox and silk road bitcoins are still in limbo. That could affect the price.