Can Bitcoin do another 10x price increase?

[Dexter770221]

When people start to use it as a value transfer medium rather than speculative asset then increase will be in 1000x range not 10x

[Sevvero]

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.

No, it cannot.

[rogerdonkey]

maybe someday will happen, when people tired with bank. price bitcoin up to 10x

[fonsie]

We are need open-source exchange for that.

Such exchange that anyone could install on light hosting.

An idea too stupid even by this speculation forum standards. You surely didn't put any thought into it before typing did you. Yes, what we need is more amateurish exchanges run by people with no banking ties and no security experience, that is the way to strengthen faith in bitcoin... right....

That is all that exist in the bitcoin infrastructure. 99% of these companies will get shut down when the government comes around & they will add the blockchain to digital dollars.
Read up on it already! 10x increase is literally IMPOSSIBLE.
You have been warned.

It's officially proven, you are stupid. lmfao lmfao

[picolo]

my answer is yes, just wait for another year.
Because bitcoin need progress and it's still fragile.

When all people use bitcoin to transfer money around the world with haste & low fee
I'm sure bitcoin will raise

Just watch it

Bitcoin needs a year or maybe two or three years before it is widely used but the price will go up before it is widely used. We just need to know it will likely be widely used soon for the price to go up to 4000$ or more.

[mmortal03]

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.

Difficulty also fell for a prolonged period back in 2011.

[byronbb]

Over what timeframe? I have doubts it will ever ramp up as quickly as we have seen in the past. Moreover, I now consider the last bubble to 1k merely a function of the MtGox willybot fiasco.

In a sudden price rise there will be many looking to sell. Miners who are under a huge squeeze to make ROI might jump at the chance to lock in profits. Many of those caught out in the hype who bought high will be looking to get out (and be fooled twice). Exchange volume is now more distributed. Bitstamp, OK/Huiboi, and Bitfinex are all as large as MtGox was back in the crazy early days, so volatility won't be as high.

This said, bitcoin can go bananas on certain news events. It would have to be huge news of course, Apple, Google, Amazon, the collapse of a currency, adoption as reserve by a sovereign nation; (the poorest countries in the world have nothing to lose by allocating a fraction of their reserves to bitcoin imo).

[ajw7989]

I do not think we will see the huge 10x price increase in the month timeframe we saw last year. IT might start to steadily rise almost how recently it has steadily declined. I feel around 500 is a decent plateau we might be able to hit in the next month or two depending on bitcoin news. 1000 goal might be a year or so from now unless something drastic occurs.

[Seanzqt]

I do not think we will see the huge 10x price increase in the month timeframe we saw last year. IT might start to steadily rise almost how recently it has steadily declined. I feel around 500 is a decent plateau we might be able to hit in the next month or two depending on bitcoin news. 1000 goal might be a year or so from now unless something drastic occurs.

This sounds more genuine than what I have seen to late about prices sky-rocketing above $2000.00, it is too surreal to see such a price jump on Bitcoin in a short period of time. I personally think Bitcoin will increase like any other investment, these take time and can't just increase sky-high without falling fast.

Reminds me of Pie-Face here in Australia, the company opened up so fast and then went bust because it's growth was just too fast. Now in administration and closing many of their stores, it is a prime example as to what can happen on fast growth.

[NotLambchop]

Earthlings can't comprehend scale.
When Bitcoin's price was a fraction of a cent, a tenfold increase meant one d00d decided to buy a pizza.  Now that the price has climbed by several orders of magnitude, x10 increase is several orders of magnitude less likely.



  ~Your Beneficent Reptilian Overlords.

[bellicose]

We are need open-source exchange for that.

Such exchange that anyone could install on light hosting.

An idea too stupid even by this speculation forum standards. You surely didn't put any thought into it before typing did you. Yes, what we need is more amateurish exchanges run by people with no banking ties and no security experience, that is the way to strengthen faith in bitcoin... right....

Can you print me here, real - number of alt-coins pools, with free web-registration form?

Can't.

Why?

Because pool - open-source, even web-face for pool is open-source and highly differently modified by everyone. There is p2pool - too open source.

Source of Bitcoin? Yes, here it is.

Who than too stupid? Where is open-source exchange, dear?

[Wilhelm]

We are need open-source exchange for that.

Such exchange that anyone could install on light hosting.

An idea too stupid even by this speculation forum standards. You surely didn't put any thought into it before typing did you. Yes, what we need is more amateurish exchanges run by people with no banking ties and no security experience, that is the way to strengthen faith in bitcoin... right....

Can you print me here, real - number of alt-coins pools, with free web-registration form?

Can't.

Why?

Because pool - open-source, even web-face for pool is open-source and highly differently modified by everyone. There is p2pool - too open source.

Source of Bitcoin? Yes, here it is.

Who than too stupid? Where is open-source exchange, dear?

A p2p pool can be run on a simple computer.
A stock exchange requires a slightly more expensive infrastructure. One you cannot afford.

A trading platform, exchange requires a license to run when it is considered a stock or currency (which Bitcoin officially is depending on the country).
Why the hell do you think the Winklevoss twins are lawyering there way towards an ETF.

Yes let's allow every unlicensed halfwit run an exchange and rob you blind *cough* gox *cough* 

[sidhujag]

We are need open-source exchange for that.

Such exchange that anyone could install on light hosting.

An idea too stupid even by this speculation forum standards. You surely didn't put any thought into it before typing did you. Yes, what we need is more amateurish exchanges run by people with no banking ties and no security experience, that is the way to strengthen faith in bitcoin... right....

Can you print me here, real - number of alt-coins pools, with free web-registration form?

Can't.

Why?

Because pool - open-source, even web-face for pool is open-source and highly differently modified by everyone. There is p2pool - too open source.

Source of Bitcoin? Yes, here it is.

Who than too stupid? Where is open-source exchange, dear?

A p2p pool can be run on a simple computer.
A stock exchange requires a slightly more expensive infrastructure. One you cannot afford.

A trading platform, exchange requires a license to run when it is considered a stock or currency (which Bitcoin officially is depending on the country).
Why the hell do you think the Winklevoss twins are lawyering there way towards an ETF.

Yes let's allow every unlicensed halfwit run an exchange and rob you blind *cough* gox *cough* 

Only need regulation if fiat is involved otherwise u r trading tokens just dont use the word equities or stocks or bonds and your good

[Febo]

my answer is yes, just wait for another year.
Because bitcoin need progress and it's still fragile.

When all people use bitcoin to transfer money around the world with haste & low fee
I'm sure bitcoin will raise

Just watch it

Bitcoin needs a year or maybe two or three years before it is widely used but the price will go up before it is widely used. We just need to know it will likely be widely used soon for the price to go up to 4000$ or more.

$4k is OK.