Guesses on when we'll break $10

[smoothie]

Have'n a beer watching the game  

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term  bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

That is something someone who doesn't understand how markets work would say.

Bitcoin long-term is bullish, but to say it will be "never ending" is just silly.

Money will flow in to bitcoin and out of bitcoin.....rinse repeat....at what rate this happens is anyone's guess.

I still believe the recent ~50% run up in price since 2 months ago is all speculation.

I mean how many more merchants accept bitcoin from then until now? What like 20?

Bitcoin is still in its infancy. More of a steady rise in price over long-term is healthier for the bitcoin economy.

look go to Google
type in "never ending bull run"
click images
the very first image is me cheering

i am not kidding, do it

I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh

Never ending bull run

I'm sorry I wont wake you up from your crazy never ending bull market wet dream lol

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[adamstgBit]

Have'n a beer watching the game  

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term  bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

That is something someone who doesn't understand how markets work would say.

Bitcoin long-term is bullish, but to say it will be "never ending" is just silly.

Money will flow in to bitcoin and out of bitcoin.....rinse repeat....at what rate this happens is anyone's guess.

I still believe the recent ~50% run up in price since 2 months ago is all speculation.

I mean how many more merchants accept bitcoin from then until now? What like 20?

Bitcoin is still in its infancy. More of a steady rise in price over long-term is healthier for the bitcoin economy.

look go to Google
type in "never ending bull run"
click images
the very first image is me cheering

i am not kidding, do it

I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh

Never ending bull run

I'm sorry I wont wake you up from your crazy never ending bull market wet dream lol

AHHH HAHAHAHHAHAHA!
 

[bitcoinplaza]

Third time's the charm?  Perhaps after recovering from this dump (which is not impossible, given that we recovered from the dump from 9.5 to 7.3) we will finally break $10.

What do you think?  This month, or is 9.49 the 2012 high?

my prediction : $10 value will be reached and exceeded on 3 August 2012 at 15.45 GMT

[bitcoinplaza]

Third time's the charm?  Perhaps after recovering from this dump (which is not impossible, given that we recovered from the dump from 9.5 to 7.3) we will finally break $10.

What do you think?  This month, or is 9.49 the 2012 high?

my prediction : $10 value will be reached and exceeded on 3 August 2012 at 15.45 GMT

I was wrong !

[Piper67]

Have'n a beer watching the game  

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term  bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

That is something someone who doesn't understand how markets work would say.

Bitcoin long-term is bullish, but to say it will be "never ending" is just silly.

Money will flow in to bitcoin and out of bitcoin.....rinse repeat....at what rate this happens is anyone's guess.

I still believe the recent ~50% run up in price since 2 months ago is all speculation.

I mean how many more merchants accept bitcoin from then until now? What like 20?

Bitcoin is still in its infancy. More of a steady rise in price over long-term is healthier for the bitcoin economy.

look go to Google
type in "never ending bull run"
click images
the very first image is me cheering

i am not kidding, do it

I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh

Spoken like someone who truly doesn't understand hyperinflation. 

[ElectricMucus]

Have'n a beer watching the game  

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term  bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

That is something someone who doesn't understand how markets work would say.

Bitcoin long-term is bullish, but to say it will be "never ending" is just silly.

Money will flow in to bitcoin and out of bitcoin.....rinse repeat....at what rate this happens is anyone's guess.

I still believe the recent ~50% run up in price since 2 months ago is all speculation.

I mean how many more merchants accept bitcoin from then until now? What like 20?

Bitcoin is still in its infancy. More of a steady rise in price over long-term is healthier for the bitcoin economy.

look go to Google
type in "never ending bull run"
click images
the very first image is me cheering

i am not kidding, do it

I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh

Spoken like someone who truly doesn't understand hyperinflation.  

We have staginflation not hyperinflation. Hyperinflation is often used as a metaphor by libertarians to bitch about the current system but strictly speaking hyperinflation is a brief phenomena when it really occurs because people do get sick of it.  

[RodeoX]

Um, yesterday! It will hit $10 yesterday.   I really want to win this car.

[unclescrooge]

We have staginflation not hyperinflation. Hyperinflation is often used as a metaphor by libertarians to bitch about the current system but strictly speaking hyperinflation is a brief phenomena when it really occurs because people do get sick of it.  

Short short, go tell it to the germans, it lasted 4 years

But you're right we're not in an hyperinflation system. Not yet at least

[Mjbmonetarymetals]

The suspense is killing me ......have we hit $10 already ? 

[smoothie]

This was only less than 1.5 years ago.

Bitcoin moves fast! 

[zuerdemon]

Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well

[kireinaha]

Please bury this topic, I don't even want to see it.

[Hawker]

Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well

Since the thread started, Bitcoin increased in value 37 times over and its still very much at the geeks and early adopters stage.  In 2 years it would be surprising if Bitcoin was worth less than $10000 and that assumes that it still is at early adopter stage.  Even if only one small country in the world adopts it, Bitcoin will shoot over $100,000 per coin.

[molecular]

The suspense is killing me ......have we hit $10 already ? 

epic resurrection of thread! you got the resurrecta-fu!

[Gyrsur]

The suspense is killing me ......have we hit $10 already ?  

no, it's just a wet dream. in a dream. and when we wake up it's $4.20 again and I'm able to buy all the bitcoins which I ever wanted to buy.

the inception scheme.

[notme]

Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well

Since the thread started, Bitcoin increased in value 37 times over and its still very much at the geeks and early adopters stage.  In 2 years it would be surprising if Bitcoin was worth less than $10000 and that assumes that it still is at early adopter stage.  Even if only one small country in the world adopts it, Bitcoin will shoot over $100,000 per coin.

How do you justify that last statement when Bitcoin is already more valuable than the base money supply for most small countries?

[proudhon]

Memories...

[Barnacle_Ed]

Obligatory:

via Imgflip Meme Maker

[ajax3592]

One big negative story from the media and we will again be seeing bitcoins selling below $100

[Melbustus]

Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well

Since the thread started, Bitcoin increased in value 37 times over and its still very much at the geeks and early adopters stage.  In 2 years it would be surprising if Bitcoin was worth less than $10000 and that assumes that it still is at early adopter stage.  Even if only one small country in the world adopts it, Bitcoin will shoot over $100,000 per coin.

How do you justify that last statement when Bitcoin is already more valuable than the base money supply for most small countries?

Well, it's probably more apt to compare bitcoin to M2, not M0. It won't support the same leverage ratios as fiat, so it'll just deflate (gain purchasing power) instead.

But that said, I think getting into 5-digit territory will be MUCH more difficult and take MUCH longer than getting from 3-digits to 4. People have to realize that at a "market-cap" in the $30B range (ie, ~$2500/BTC), it's still just a toy in terms of global relevance.....just like today. All but small countries' M2 is considerably higher, still valued less than hundreds of corps and dozens of individuals, etc. But scale one more order of magnitude into $200B territory, and things change. That would put it in the M2 ballpark of significant nations, and the "market-cap" would be similar to that of the world's most valuable companies. Quite a different story.


TL;DR: Bitcoin can easily scale another order of magnitude on the dynamics that have brought it to where we are today. But after that, it gets MUCH harder.