Can Bitcoin do another 10x price increase?

[wobber]

Just thinking... We are in a bearish market for almost a year now. Can we sustain another 10x price increase in 2015? Or are those days gone forever?

I can't see anything good in the market right now. All good news have no effect on the price, which stagnates for about 2 weeks.

[Torque]

Yes.

[FUR11]

Can it? Definitely! Will it? Maybe... Probably? Who knows. At this point in time, at $379 I'm quite optimistic and almost certain that we will see $4000 at some point. I don't think it will be this year, but maybe next year or the year after that. Things take their time sometimes. Just look back at the dull charts back in 2012!

[wobber]

I might be crazy for thinking this but given the sentiment in the market, declining interest in Bitcoin due to declining prices and the low volume we have, it think that if we were to enter another rally many will miss the train. Or I should say that very few will be on board.

And things get nasty when you have a desperate mob running to catch a high-speed train where the few passengers ride drinking soft wines and eating caviar. Just thinking...

[michaeladair]

I really like to think that bitcoin will rise sharply... with more and more people accepting it as a form of currency there will be more demand. We all learned in our Economics classes in High School that with more demand, comes a rise in value. That is if demand increases faster than supply which it is.

[FUR11]

I might be crazy for thinking this but given the sentiment in the market, declining interest in Bitcoin due to declining prices and the low volume we have, it think that if we were to enter another rally many will miss the train. Or I should say that very few will be on board.

And things get nasty when you have a desperate mob running to catch a high-speed train where the few passengers ride drinking soft wines and eating caviar. Just thinking...

Well, the rising price, media attention, and increasing interest effectively fuel one another. It is often difficult to pinpoint the exact cause of a rallye, but as soon as the media attention goes up, we see a strong surge in people who become interested in Bitcoin. It has always been this way, it seems. We just need another train to start somehow, and the rest will follow.

[hector3115]

My uncle made 5 million dollars investing in a local casino back in the 90's.  He believed in the business model and saw the value.  He regularly bought more shares as the price went down for unknown reasons.  At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment.  He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's.  It was extremely stressful but paid off in the end.

Making big money is NOT EASY.  It takes time.  You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year.  If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.

To make REAL money, you NEED RISK.

[FUR11]

My uncle made 5 million dollars investing in a local casino back in the 90's.  He believed in the business model and saw the value.  He regularly bought more shares as the price went down for unknown reasons.  At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment.  He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's.  It was extremely stressful but paid off in the end.

Making big money is NOT EASY.  It takes time.  You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year.  If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.

To make REAL money, you NEED RISK.

Yup. That effectively sums it up. The thing is: We don't know whether Bitcoin will (ever!) be the winner or even remain alive at all. But if you are intrigued by the technology and the political and economical consequences it has: Make up your mind and decide what you are willing to invest (and thus also lose completely!!!) - then act accordingly and don't trade on emotions - ever.

[g27wr]

My uncle made 5 million dollars investing in a local casino back in the 90's.  He believed in the business model and saw the value.  He regularly bought more shares as the price went down for unknown reasons.  At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment.  He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's.  It was extremely stressful but paid off in the end.

Making big money is NOT EASY.  It takes time.  You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year.  If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.

To make REAL money, you NEED RISK.

This is it right here. I'm a gambling man by nature and I understand that my Bitcoins at the moment are just that...a gamble. I'm in this for the long haul and even if the price were to drop to a dollar, there is no way that I would sell a single one. I'd continue to buy more on the ride down. Then, in 10 years, I can retire at 42.

[NotLambchop]

My uncle made 5 million dollars investing in a local casino back in the 90's.  He believed in the business model and saw the value.  He regularly bought more shares as the price went down for unknown reasons.  At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment.  He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's.  It was extremely stressful but paid off in the end.

Making big money is NOT EASY.  It takes time.  You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year.  If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.

To make REAL money, you NEED RISK.

My uncle made 5 million dollars investing in lottery tickets back in the 90's.  He believed in the business model and saw the value.  He regularly bought more lottery tickets as he continued losing for unknown reasons.  At one point, he was down 90% and the only reason he kept buying lottery tickets was his degenerate gambling addiction.  He rode this roller coaster for 10 years until finally he bough a winning lottery ticket in early 2000's.  It was extremely stressful but paid off in the end...
To make REAL money, you NEED RISK.

To make real money, you have to know what you're doing.  What you are describing is called "gambling," and is a great way to lose money.

[Martijnvdc]

I think it COULD, but it seems unlikely. The problem is that there has already been a big hype which has reached mass media.
By now, most people have heard about it, and know (vaguely) about it.
For the masses to actually pick it up and start using it, it simply needs to become directly useful. By that, i mean paying in bitcoin should be widely available. It's very quick and easy to pay with your smartphone when you are shown a QR code at the store. And i'm sure such quick method of payment has the potential of becoming very popular, but the stores have to start offering this payment option in the first place.
As of right now it doesn't look like this is going to happen on a large scale anytime soon.

[Wilhelm]

Yes.

+1

[wormbog]

My uncle made 5 million dollars investing in a local casino back in the 90's.  He believed in the business model and saw the value.  He regularly bought more shares as the price went down for unknown reasons.  At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment.  He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's.  It was extremely stressful but paid off in the end.

Making big money is NOT EASY.  It takes time.  You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year.  If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.

To make REAL money, you NEED RISK.

My uncle made 5 million dollars investing in lottery tickets back in the 90's.  He believed in the business model and saw the value.  He regularly bought more lottery tickets as he continued losing for unknown reasons.  At one point, he was down 90% and the only reason he kept buying lottery tickets was his degenerate gambling addiction.  He rode this roller coaster for 10 years until finally he bough a winning lottery ticket in early 2000's.  It was extremely stressful but paid off in the end...
To make REAL money, you NEED RISK.

To make real money, you have to know what you're doing.  What you are describing is called "gambling," and is a great way to lose money.

Buying into a business (like a casino) because you see its potential to grow is completely different from buying lottery tickets, which have a pre-determined value that does not change over time.

[coinableS]

We need to jump this gap from techie users to facebook/twitter average level users. It's like we're in the apple II days of bitcoin where you can't use the computer unless you use the command line, or the DOS days of PC where you need to know command lines. An average user comes in and they start hearing "decentralized", "blockchain", "private key", "P2P", "cryptography", "cold storage" and all these other words they haven't heard before.  Circle and Coinbase is the way to jump this gap IMO, but with that comes some level of centralization of 3rd parties holding your keys and handling the backend for those that are overwhelmed with trying to understand it themselves.

[riiiiising]

We will reach a $50 trillion dollar market cap and become the new wealthy elite once people find a reason to start using bitcoin. Are we any further in that regard than one year ago?

[NotLambchop]

My uncle made 5 million dollars investing in a local casino back in the 90's.  He believed in the business model and saw the value.  He regularly bought more shares as the price went down for unknown reasons.  At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment.  He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's.  It was extremely stressful but paid off in the end.

Making big money is NOT EASY.  It takes time.  You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year.  If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.

To make REAL money, you NEED RISK.

My uncle made 5 million dollars investing in lottery tickets back in the 90's.  He believed in the business model and saw the value.  He regularly bought more lottery tickets as he continued losing for unknown reasons.  At one point, he was down 90% and the only reason he kept buying lottery tickets was his degenerate gambling addiction.  He rode this roller coaster for 10 years until finally he bough a winning lottery ticket in early 2000's.  It was extremely stressful but paid off in the end...
To make REAL money, you NEED RISK.

To make real money, you have to know what you're doing.  What you are describing is called "gambling," and is a great way to lose money.

Buying into a business (like a casino) because you see its potential to grow is completely different from buying lottery tickets, which have a pre-determined value that does not change over time.

Ignoring the fact that the original $5mil uncle story was as real as the one I made up, holding a clearly failing stock & doubling down is actually dumber than "investing" in lottery tickets.
Regardless of whether the "uncle" made $5mil, or lost it.
My point stands.

[fonsie]

My uncle made 5 million dollars investing in a local casino back in the 90's.  He believed in the business model and saw the value.  He regularly bought more shares as the price went down for unknown reasons.  At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment.  He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's.  It was extremely stressful but paid off in the end.

Making big money is NOT EASY.  It takes time.  You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year.  If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.

To make REAL money, you NEED RISK.

My uncle made 5 million dollars investing in lottery tickets back in the 90's.  He believed in the business model and saw the value.  He regularly bought more lottery tickets as he continued losing for unknown reasons.  At one point, he was down 90% and the only reason he kept buying lottery tickets was his degenerate gambling addiction.  He rode this roller coaster for 10 years until finally he bough a winning lottery ticket in early 2000's.  It was extremely stressful but paid off in the end...
To make REAL money, you NEED RISK.

To make real money, you have to know what you're doing.  What you are describing is called "gambling," and is a great way to lose money.

Buying into a business (like a casino) because you see its potential to grow is completely different from buying lottery tickets, which have a pre-determined value that does not change over time.

Ignoring the fact that the original $5mil uncle story was as real as the one I made up, holding a clearly failing stock & doubling down is actually dumber than "investing" in lottery tickets.
Regardless of whether the "uncle" made $5mil, or lost it.
My point stands.

Point made or not, the uncle has $5mil and you are just a poor schmuck that spends his ENTIRE day on a Bitcoin forum.


Some stupid response in 3...2....1....

[riiiiising]

We will reach a $50 trillion dollar market cap and become the new wealthy elite once people find a reason to start using bitcoin. Are we any further in that regard than one year ago?

yes, because bitcoin infrastructure has increased.

Aren't miners leaving and difficulty is actually falling? Seems like the infrastructure is devolving, if anything. Of course, there are more exchanges out there than a year ago, but it seems like there still aren't really any clear incentives for ordinary people to buy bitcoins.

[NotLambchop]

,,,
Ignoring the fact that the original $5mil uncle story was as real as the one I made up, ...

Point made or not, the uncle has $5mil and you are just a poor schmuck that spends his ENTIRE day on a Bitcoin forum.


Some stupid response in 3...2....1....

Get back 2 digging ditches, or lrn 2 read



*Though your wacky antics will not convince anyone to keep holding this fail, they allow Bitcoin to continue being an excellent store of value.
Lel value

[fonsie]

,,,
Ignoring the fact that the original $5mil uncle story was as real as the one I made up, ...

Point made or not, the uncle has $5mil and you are just a poor schmuck that spends his ENTIRE day on a Bitcoin forum.


Some stupid response in 3...2....1....

Get back 2 digging ditches, or lrn 2 read



*Though your wacky antics will not convince anyone to keep holding this fail, they allow Bitcoin to continue being an excellent store of value.
Lel value

I know what you wrote, you poor schmuck. Unbelievable how easily you can be lured in. 

But we are going to have part ways here, will be putting you on ignore. It's just getting too boring.

One last tip, since you missed out on getting rich with bitcoin, try the following: