$10,000 by 2016 very likely - page 3.

bitleif

sr. member

Activity: 351

Merit: 250

I'm always grumpy in the morning.

Quote from: seanneko on November 28, 2013, 05:57:04 AM

Quote from: NUFCrichard on November 28, 2013, 05:01:59 AM

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

Considering we added $1000 to the price in just ONE MONTH, it's certainly possible to hit $10k next year. At the current rate of growth we could hit $14k by Dec 2014.

Extrapolating an exponential curve is pretty dangerous though.

seanneko

full member

Activity: 196

Merit: 100

Quote from: NUFCrichard on November 28, 2013, 05:01:59 AM

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

Considering we added $1000 to the price in just ONE MONTH, it's certainly possible to hit $10k next year. At the current rate of growth we could hit $14k by Dec 2014.

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: NUFCrichard on November 28, 2013, 05:01:59 AM

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

if a big name like western union jumped into the game, it would be funny because they'd probably fall fIat on their face. i think a lot of people would be against it since most of us here are anti establishment.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

The way the market moves nowadays $10000 in 2014 doesn't seem impossible.
Imagine if a big name moves into Bitcoin, like Western Union or alike...

eindbaas

member

Activity: 70

Merit: 10

umad?

Quote from: panck4beer on November 28, 2013, 04:20:04 AM

The only thing Im afraid is if betsofbitco.in will be working in 3 years

Can this bet be resolved sonner than Dec. 31, 2016 ?

hello ausieoutlaw Cheesy

bitleif

sr. member

Activity: 351

Merit: 250

I'm always grumpy in the morning.

Does this include the chance of a hyperinflationary scenario in the USD by 2016? I don't view that as very likely, but possible.

panck4beer

full member

Activity: 140

Merit: 100

The only thing Im afraid is if betsofbitco.in will be working in 3 years

Can this bet be resolved sonner than Dec. 31, 2016 ?

beetcoin

sr. member

Activity: 434

Merit: 250

that looks like a good bet to me. high likely that it will reach $10,000.. at least more than 50% chance in my opinion.

so this is the futures market that i was asking for. i wonder if this has killed business for intrade.com?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

1 Bitcoin will be worth at least $10,000 by 12/31/2016
Success of this bet will occur if 1 Bitcoin is valued at $10,000 or more on one of the largest exchanges of the time (based upon top 4 trading volumes/day).
The $10,000 is in Federal Reserve Notes (US dollars).

Info
Opening date: April 14, 2013
Bet deadline: Dec. 3, 2016 end of day Eastern Time
Event date: Dec. 31, 2016 end of day Eastern Time
Category: Economics
Total agree bets: 0.90
Total disagree bets: 0.90
Total weighted agree bets: 27663.920
Total weighted disagree bets: 28514.809

http://betsofbitco.in/item?id=1532

1 to 1 bet right now, put your bet in to double your bitcoins when it reaches $10k

Topic: $10,000 by 2016 very likely - page 3. (Read 5548 times)