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Topic: $10,000 when? - page 37. (Read 51349 times)

legendary
Activity: 1918
Merit: 1018
June 06, 2014, 08:42:33 AM
That will never ever happen. It might go up to 5k but that's it.
Why 5k but not 10k?

People don't understand how it works; if the price was 1$ they would say it can go to 5$ not 10
sr. member
Activity: 476
Merit: 256
June 06, 2014, 07:26:16 AM
That will never ever happen. It might go up to 5k but that's it.
Why 5k but not 10k?
legendary
Activity: 2730
Merit: 1288
June 06, 2014, 07:23:45 AM
12.12.2014
full member
Activity: 196
Merit: 100
June 06, 2014, 07:16:28 AM
Quote
That will never ever happen. It might go up to 5k but that's it.
Between 2014 and 2034 there price may reach $10.000 per coin. 20 years is a long time in terms of technology.


If ( and I highly suspect it will) it ever reaches $10,000, it'll be a VERY long time before 2034. Adoption of new technology doesn't take 20 years. Admittedly, full adoption could take longer, but the price rise anticipating that full adoption, will occur long before the actual event.
sr. member
Activity: 518
Merit: 250
June 06, 2014, 07:05:11 AM
Quote
That will never ever happen. It might go up to 5k but that's it.
Between 2014 and 2034 there price may reach $10.000 per coin. 20 years is a long time in terms of technology.
sr. member
Activity: 252
Merit: 250
June 06, 2014, 06:03:33 AM
Maybe in 2016
hero member
Activity: 715
Merit: 500
June 05, 2014, 11:47:11 AM
That will never ever happen. It might go up to 5k but that's it.

 Cheesy Cheesy Cheesy Cheesy

I remember when people, including myself, had the sentiment that it might go up to $10 but that's it. Unfortunately, it stopped me from putting more than 2% of my assets into bitcoin when they were only $5. I now have roughly 66% of my assets in bitcoin.

That was before I understood what Bitcoin is.

If you think Bitcoin can become as useful to the world as Apple, then that means a market cap of $600,000,000,000 and bitcoin valued at $40,000 USD.

(Hint, capturing just 10% of the $15,500,000,000,000 per year payments industry and the $540,000,000,000 remittance industry, as well as taking a piece of the role of store of value from gold's $7,600,000,000,000 market cap would make bitcoin far more valuable than Apple.)
full member
Activity: 196
Merit: 101
June 05, 2014, 07:27:22 AM
That will never ever happen. It might go up to 5k but that's it.

Do you have any technical analisis of what you said or was just a prediction for fun?
The 5k value should be the peak of the next bubble according to the trendline we are following,
but I don't think that the adoption of btc in the next year will be at its maximum ever...

newbie
Activity: 1
Merit: 0
June 05, 2014, 06:50:48 AM
That will never ever happen. It might go up to 5k but that's it.
full member
Activity: 140
Merit: 100
June 05, 2014, 06:18:59 AM
$10,000 in next year if 5k at the end of year. Grin
wohow slow down mate..! you get worst injuries while driving in over speed, going on normal speed helps a lot..!
hero member
Activity: 546
Merit: 500
June 05, 2014, 05:22:42 AM
$10,000 in next year if 5k at the end of year. Grin
hero member
Activity: 715
Merit: 500
June 05, 2014, 12:50:07 AM
Run up to 10k from, say 2000, will take place over a month. Run up to 1160 from 120 took over 3-4 weeks.

Mega-rallies in bitcoin tend to follow a particular trend of price doubling (amongst other predictable behaviors). The first doubling has already occurred from $340 to $680 over the course of about 51 days. More on this trend can be found here in what is arguably one of this forum's most well researched and articulated threads: https://bitcointalk.org/index.php?topic=366214.msg7091510;topicseen#msg7091510

Quote
Tracking the 2014 Bitcoin Bubble - First Doubling

I am tracking the number of days it takes the bitcoin price to double. This is a proven indicator for determining when a bubble is peaking. There is academic research that quantifies the super-exponential growth during an asset price bubble, but the math is much simpler when counting days-to-double. Historically, the bitcoin price peaks when prices are on a pace to double in about a week.

The first doubling leading up to the next bubble took 51 days, which is the difference between $340 on April 10 and $680 on May 31.

I will be watching for . . .

Second doubling - $1360 (perhaps July)
Third doubling - $2720 (perhaps July)
Fourth doubling - $5440 (I think the late July peak will be near this value)
Fifth doubling - $10880 (probably will not happen unless the peak is in the fall)

The academic research is Fearless versus fearful speculative financial bubbles D Sornette, JV Andersen - International Journal of Modern Physics …, 2002

A significant quote from the highly cited paper . . .
Quote
The feature that distinguishes it [the model] from ordinary bubble models is that the solutions may be at some times growing “super-exponentially,” i.e., with a growth rate growing itself with time. This is fundamentally different from previous bubble models based on exponential growth (with constant average growth rate). This suggests to qualify bubbles by testing for the existence of nonlinear super-exponential growth.

A couple posts down he lays out the time it takes for price to double to the peaks of past bubbles:

Quote
Looking at the price records for the three previous bubbles, we see . . .

June 9, 2011 peak at $32 - doubling from $16 in 4 days.

April 10, 2013 peak at $260 - doubling from $130 in 7 days.

November 29, 2013 peak at $1163 - doubling from $581 in 13 days.

The November peak is interesting because the rally to $758 on November 18, doubled from $359 in 6 days. I therefore thought that $758 was the peak, but the correction down from $758 was only to $379 which did not appear deep enough to me and other observers that day.

I suspect that the next bubble, being widely anticipated will have one or more dramatic pre-peak spikes that double in about a week.
I will combine the doubling time indicator with a threshold from the Log10 Delta From Trend chart when predicting the next peak.

After considering how that post applies to your discussion, I highly recommend starting at the beginning and reading that thread in its entirety.
member
Activity: 112
Merit: 10
June 04, 2014, 11:29:12 AM
Run up to 10k from, say 2000, will take place over a month. Run up to 1160 from 120 took over 3-4 weeks.
full member
Activity: 140
Merit: 100
June 04, 2014, 10:36:53 AM
lol. 10K yeah right. NEVER

Read an old post similar to this, though the price was something like 100.  Smiley
You will wake up by next moring and will see a pprice @ 15000$

Lol !!
haha even if it happens its not gonna happen overnight like you mentioned..! its not like its 600$ one night and it jumps upto  5k-10k$ next morning. Smiley
legendary
Activity: 896
Merit: 1000
June 04, 2014, 10:31:01 AM
lol. 10K yeah right. NEVER

Read an old post similar to this, though the price was something like 100.  Smiley
You will wake up by next moring and will see a pprice @ 15000$

Lol !!

And maybe we will once again be frustrated that we haven't bought bitcoin when it is cheap. Smiley
member
Activity: 112
Merit: 10
June 04, 2014, 10:16:26 AM
$10,000 is not unresonable.

If you asked me 100k, maybe. But we have a lot of hurdles to go before 10k reaches our grasp, and probably will not happen before mid 2015 at the earliest unless market picks up tremendously this year.

newbie
Activity: 14
Merit: 0
June 04, 2014, 08:05:59 AM
lol. 10K yeah right. NEVER

Read an old post similar to this, though the price was something like 100.  Smiley
You will wake up by next moring and will see a pprice @ 15000$

Lol !!
hero member
Activity: 674
Merit: 500
June 04, 2014, 02:12:25 AM
lol. 10K yeah right. NEVER

Read an old post similar to this, though the price was something like 100.  Smiley
sr. member
Activity: 476
Merit: 256
June 04, 2014, 01:50:28 AM
lol. 10K yeah right. NEVER
What makes you say so? Isn't that what they said about bitcoins even being worth 10 usd in the beginning? Clowns should keep their opinions to themselves.
legendary
Activity: 1884
Merit: 1005
June 03, 2014, 06:49:56 PM
I would say mid-end of 2015 Smiley
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