Gabe (OP)
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December 08, 2014, 07:46:09 AM Last edit: December 08, 2014, 09:00:06 AM by Gabe |
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Hi everyone, I saw a few predictions for Bitcoin price in 2015. This is one of the things that caught my attention. They predict Bitcoin will reach $89 but I couldn't really understand why: https://www.ddmarkets.com/bitcoin-forecast-2015-note-the-bearish-flagAlso, where do you think Bitcoin is heading? Down the drain or sky high?
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Elwar
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December 08, 2014, 07:57:06 AM |
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Earlier this week they tested the rocket that will soon be taking Bitcoin beyond the moon to Mars.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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Gabe (OP)
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December 08, 2014, 07:58:57 AM |
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Which rocket was that?
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doubleredrolex
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I Believe
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December 08, 2014, 08:12:22 AM |
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btceuropen
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December 08, 2014, 08:26:59 AM |
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the link is broken.\
and the price reach $899 is more reliable.
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Gabe (OP)
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December 08, 2014, 08:41:27 AM |
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Oh that rocket lol
I read the prediction and I admit it does make a bit of sense but I mean, Bitcoin will be $89 in three months?
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Elwar
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December 08, 2014, 08:51:49 AM |
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Bitcoin will be $89 in three months?
No
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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Elwar
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December 08, 2014, 09:19:15 AM |
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The price will start around $350 for the beginning of 2015 and end just over $500 by the end of the year. Unless the ETF is announced.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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Gabe (OP)
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December 08, 2014, 09:25:57 AM |
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The price will start around $350 for the beginning of 2015 and end just over $500 by the end of the year. Unless the ETF is announced. What ETF?
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Gabe (OP)
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December 08, 2014, 09:42:18 AM |
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I mean I know is ETF you don't need to explain it to me. What type ETF are talking about?
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roslinpl
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December 08, 2014, 09:49:05 AM |
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Price will be growing up. That's what is my prediction for 2015. 2015 will be a year of the Bitcoin. 2014 was pretty hard because of few not cool incidents like mtGox. I feel very bullish for 2015. Kind regards.
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Bitcoins101
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December 08, 2014, 09:53:41 AM |
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I mean I know is ETF you don't need to explain it to me. What type ETF are talking about?
The Winklevoss Bitcoin ETF.
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botany
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December 09, 2014, 04:20:48 AM |
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Price will be growing up. That's what is my prediction for 2015. 2015 will be a year of the Bitcoin. 2014 was pretty hard because of few not cool incidents like mtGox. I feel very bullish for 2015. Kind regards. 2014 may have been hard on the price, but bitcoin awareness has exploded. Benefits will be seen in 2015.
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Melbustus
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December 09, 2014, 06:54:55 AM |
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The M2 money supply of Angola (59th on a GDP-sorted list of countries) is equivalent to $46.7 billion.
Bitcoin's money supply currently clocks in a little under $5 billion.
It seems clear that if Bitcoin succeeds in the long run, it'll be considerably more globally important than the Angolan Kwanza.
You can do your own risk/reward analysis (and your own analysis of how many people might sit down and do some of these calculations in 2015).
(...and you can make these comparisons between countries' M1, M2, etc, all day long.)
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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Gabe (OP)
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December 09, 2014, 10:15:31 AM |
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The M2 money supply of Angola (59th on a GDP-sorted list of countries) is equivalent to $46.7 billion.
Bitcoin's money supply currently clocks in a little under $5 billion.
It seems clear that if Bitcoin succeeds in the long run, it'll be considerably more globally important than the Angolan Kwanza.
You can do your own risk/reward analysis (and your own analysis of how many people might sit down and do some of these calculations in 2015).
(...and you can make these comparisons between countries' M1, M2, etc, all day long.)
The fact it is in circulation does not mean it won't devalue. Although it is an extreme example but take the Japanese yen. I took a look at the chart and it appears Bitcoin reached lower support of the flag. It will not break below it could rebound from here, not sure how much though. I will be keeping a close eye on it.
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Febo
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December 09, 2014, 02:48:05 PM |
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Earlier this week they tested the rocket that will soon be taking Bitcoin beyond the moon to Mars.
Lol but next testing will be in 2016. So long way till will ready to go. Bitoin should focus on already proven technology. Soyuz FTW!
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HeliKopterBen
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December 09, 2014, 04:02:48 PM |
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It's possible and price has broken down below their lower trend line. The next few weeks will be very telling to the direction the trend wants to take. I think it is definitely worth noting that the last spike in price coincided with the highest weekly exchange volume in bitcoin history... double the previous record... mainly China. Over 6 million coins were traded (almost half of the entire coins in circulation) compared to the previous record of just over 3 million in November 2013. That is extremely bullish. http://data.bitcoinity.org/markets/volume/5y?c=e&r=week&t=a&volume_unit=btc
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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ThatDGuy
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December 09, 2014, 05:24:59 PM |
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I think it is definitely worth noting that the last spike in price coincided with the highest weekly exchange volume in bitcoin history... double the previous record... mainly China. Over 6 million coins were traded (almost half of the entire coins in circulation) compared to the previous record of just over 3 million in November 2013. That is extremely bullish. http://data.bitcoinity.org/markets/volume/5y?c=e&r=week&t=a&volume_unit=btcThat's a great stat and graph - did not realize it was twice as much as we had back during the run-up and bubble last year! Thanks for sharing!
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arbitrage001
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December 09, 2014, 06:05:54 PM |
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Will probably test new low.
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