Author

Topic: $10,000 within 3 years? (Read 4752 times)

legendary
Activity: 1064
Merit: 1001
May 02, 2014, 12:31:38 PM
#71
There is no point in predicting what will happen in 3 years. Bitcoin may well be a million each, or dead as the cartel gets bought out by the government.

What will happen in 3-4 months makes more sense. I am hoping there will be an upturn by this year end.

Exactly. But I cannot see the price going up soon. Maybe the whole year will suck. Sad

legendary
Activity: 1512
Merit: 1000
@theshmadz
May 01, 2014, 09:56:07 PM
#70
If bitcoin is still around in 3 years, I think $10,000 is a bit low.

the real problem here is the chance that it may not be around in 3 years.

Invest and educate yourself accordingly.

:edit to add percentage: 80%
full member
Activity: 196
Merit: 100
May 01, 2014, 08:25:28 AM
#69
sounds good Smiley
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
May 01, 2014, 08:24:51 AM
#68
Do you think the block reward halving is already factored into the price?

In the last halving, about a month before it was supposed to happen, the price was slowly going up. By the time the reward halved, the price of the coin almost doubled.
sr. member
Activity: 378
Merit: 255
May 01, 2014, 08:24:14 AM
#67
I still think we may hit $10,000 in the first half of next year.
full member
Activity: 196
Merit: 100
May 01, 2014, 08:23:17 AM
#66
Do you think the block reward halving is already factored into the price?
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
May 01, 2014, 08:21:54 AM
#65
Bitcoin is 5 years old already. In 3 years, it will have been going for 8 years total. It will have evolved a little, but the core protocol and network rules will largely be the same. What will have changed is the perceived value, (and a block reward halving on the way there.)

Not investment advice, but do what you can to buy 1 whole bitcoin. Or 2. Then keep it in a paper wallet and get out of this forum. Check back in 3 to 6 months.
legendary
Activity: 1246
Merit: 1011
May 01, 2014, 08:19:30 AM
#64
Most people won't even accept a 5% risk of their children becoming homeless even in exchange for an expected profit of 100-fold.

Sounds like a gameshow to me.
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
May 01, 2014, 08:13:03 AM
#63
There is no point in predicting what will happen in 3 years. Bitcoin may well be a million each, or dead as the cartel gets bought out by the government.

What will happen in 3-4 months makes more sense. I am hoping there will be an upturn by this year end.
legendary
Activity: 938
Merit: 1001
bitcoin - the aerogel of money
May 01, 2014, 06:54:16 AM
#62
If you believe that there is a 20% chance or more of Bitcoin being worth $10,000 within three years time, then I recommend that you sell everything you own, including your house, and put all of the money into Bitcoin, right now.

The current price is about $500, so $10,000 represents a 20 fold increase. If you think you have a one in five (20%) chance of achieving that (and let's say the only other outcome is Bitcoin = zero), then your expected profit is at least five-fold, over three years. That is an annualised (probability weighted) performance of 82%.

Quote
This is not time to think about 'what you can afford to lose'. You can afford to lose everything, you can always beg on the street. But you cannot afford to miss this.

You are basically assuming that marginal utility is constant; that an extra $10 is just as valuable to Bill Gates as it is to someone begging for food on the street.

For most people that is very far from the truth.  Most people won't even accept a 5% risk of their children becoming homeless even in exchange for an expected profit of 100-fold.

Quote
Personally, I do not believe that the chance is 20%. I think the chance is only about 0.1%. Bitcoin of $10,000 creates too much incentive for someone to come up with an alternative, superior, cryptocurrency that is better able to assist international transactions.

That's what people used to say about $100.  Creating an alternative that will overtake Bitcoin is a lot harder than creating an alternative that will overtake Wikipedia (which also hasn't happened so far). There are multiple, powerful network effects at play.

sr. member
Activity: 462
Merit: 250
May 01, 2014, 06:22:26 AM
#61
70%
member
Activity: 90
Merit: 10
May 01, 2014, 05:57:52 AM
#60
Yep, widespread positive media and easier ways to use BTC will increase adoption, which in turn should hopefully see the price on the rise.
hero member
Activity: 882
Merit: 500
May 01, 2014, 04:17:52 AM
#59
Of course if it goes that high I will be happy (and will sell!).  However I'd be happy if it stablized around 1000USD and simply became easier to use in everyday situations.  Recently I bought something from a website and apparantly my credit card payment went through paypal, I thought: how stupid, why can't I pay with bitcoin?

I hope the future finds me soon!

I think that the best way to raise the price of btc is in its adoption.
The Bloomberg story was great to hear.
We just need more like it!
legendary
Activity: 1918
Merit: 1018
May 01, 2014, 04:16:14 AM
#58
It has a good chance of hitting that much, hopefully if adoption rates increase.

I would say the probability of the price hitting 10k$ within 3years is 75%

Of course if it goes that high I will be happy (and will sell!).  However I'd be happy if it stablized around 1000USD and simply became easier to use in everyday situations.  Recently I bought something from a website and apparantly my credit card payment went through paypal, I thought: how stupid, why can't I pay with bitcoin?

I hope the future finds me soon!

Bitcoin is a great technology that can be useful for a variety of reasons, the protocol has shown its strength
legendary
Activity: 1456
Merit: 1083
I may write code in exchange for bitcoins.
May 01, 2014, 02:23:47 AM
#57
Of course if it goes that high I will be happy (and will sell!).  However I'd be happy if it stablized around 1000USD and simply became easier to use in everyday situations.  Recently I bought something from a website and apparantly my credit card payment went through paypal, I thought: how stupid, why can't I pay with bitcoin?

I hope the future finds me soon!
member
Activity: 90
Merit: 10
May 01, 2014, 12:57:27 AM
#56
It has a good chance of hitting that much, hopefully if adoption rates increase.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
April 30, 2014, 11:30:00 PM
#55
I'd say 3 years is a good goal to aim for 10K.  That would really mean good things for people buying and holding now that is for sure.
legendary
Activity: 1246
Merit: 1011
April 30, 2014, 07:20:35 PM
#54
10-15%.  I consider myself very bullish.
legendary
Activity: 1918
Merit: 1018
April 30, 2014, 06:25:43 PM
#53
31.12.2014 more than     $350/BTC
31.12.2015 more than  $1,925/BTC
31.12.2016 more than $10,587/BTC


These are pretty specific numbers.   Did you draw them off of any calculations, or did you just throw out a number?

- There is 99,999% probability than bitcoin will rise 550% per/year (next few years) ... based on the past,  bitcoin price was $60 in 2013, $12 in 2012  and $2 in 2011 ... )
- BUY & HOLD as much as you can afford to lose (just in case 0,001% bitcoin can fail), and you will be very rich man :-)  (ods are 100,000 : 1 )

Past performance does not guarantee future results but I think the price will soar again because the technology is great, we need Bitcoin and most fiat currencies will fail once again
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
April 30, 2014, 05:33:28 PM
#52
$10.001.001 2 years
$111.222.333 in 4 years
high profile. buy buy buy

Lol, 111k per 1 BTC in 4 years, now that is strong...   Shocked
legendary
Activity: 1414
Merit: 1000
April 30, 2014, 05:28:34 PM
#51
31.12.2014 more than     $350/BTC
31.12.2015 more than  $1,925/BTC
31.12.2016 more than $10,587/BTC


These are pretty specific numbers.   Did you draw them off of any calculations, or did you just throw out a number?

- There is 99,999% probability than bitcoin will rise 550% per/year (next few years) ... based on the past,  bitcoin price was $60 in 2013, $12 in 2012  and $2 in 2011 ... )
- BUY & HOLD as much as you can afford to lose (just in case 0,001% bitcoin can fail), and you will be very rich man :-)  (ods are 100,000 : 1 )
agf
member
Activity: 126
Merit: 10
April 29, 2014, 04:17:40 AM
#50
$10.001.001 2 years
$111.222.333 in 4 years
high profile. buy buy buy
newbie
Activity: 31
Merit: 0
April 29, 2014, 03:13:47 AM
#49
I guess its all guestimates.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
April 28, 2014, 06:49:13 PM
#48
What's the basis for such a calculation?

That is what I am asking.  I am curious as to what led him to the above estimates/times
newbie
Activity: 31
Merit: 0
April 28, 2014, 06:42:05 PM
#47
What's the basis for such a calculation?
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
April 28, 2014, 06:36:05 PM
#46
31.12.2014 more than     $350/BTC
31.12.2015 more than  $1,925/BTC
31.12.2016 more than $10,587/BTC


These are pretty specific numbers.   Did you draw them off of any calculations, or did you just throw out a number?
legendary
Activity: 1414
Merit: 1000
April 28, 2014, 05:43:09 PM
#45
31.12.2014 more than     $350/BTC
31.12.2015 more than  $1,925/BTC
31.12.2016 more than $10,587/BTC
member
Activity: 84
Merit: 10
April 28, 2014, 04:07:40 PM
#44
At first I think 3 years is not a long time, but then I remember that bitcoin is only around 5 years old (I believe), then 3 years sounds like a lot. My best guess is that it'll hit 10k within 5 years. I give it a 50-60% chance of hitting 10k within 3 years and 85% chance of hitting 10k within 5 years.
sr. member
Activity: 453
Merit: 254
April 28, 2014, 03:32:05 PM
#43
Since the price is currently $440 this represents a 22.72 x return over 3 years or approx. 283% per annum.
This tells me the market thinks there is a very very small chance of this event occurring - if it was probable the price would be a lot higher already.


I think not.

Next rise is just around the corner, and it will hit 5k or more.

I'm thinking it will be around this too.  I have a hard time thinking that if it goes up again (in a similar fashion to all of the other violent increases before) it's going to blow past the old ATH, and $2,000 on it's way to somewhere in that $3k-5k range.  Lots more eyes on BTC this year than there were last year.

There are around 400M $ already announced entering this year in the Bitcoin space.
There are a lot more, IMO, not announced yet entering the space.

More business accept or use them, more people have incentives to use, hold and buy bitcoins.

The only problem, for now, it is the current inflation rate of bitcoin: it is just 5% higher than the inflation rate of the $US.

This problem will solve itself around July 2016.


legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
April 28, 2014, 03:04:36 PM
#42
about 20%

3 years is not much, and I doubt it can go so high with pure speculation. I mean it must be super easy to convert to BTC (like at every ATM) or much more people need to get paid in BTC.

I would tend to agree with this assessment.   You have to remember that a huge percentage of people were confident that it would hit $10,000 in 2014.   While there is still a very very slim possibility that it does actually happen in 2014, it is very unlikely at this point IMO.   
hero member
Activity: 728
Merit: 500
April 28, 2014, 02:38:30 PM
#41
Since the price is currently $440 this represents a 22.72 x return over 3 years or approx. 283% per annum.
This tells me the market thinks there is a very very small chance of this event occurring - if it was probable the price would be a lot higher already.


I think not.

Next rise is just around the corner, and it will hit 5k or more.

I'm thinking it will be around this too.  I have a hard time thinking that if it goes up again (in a similar fashion to all of the other violent increases before) it's going to blow past the old ATH, and $2,000 on it's way to somewhere in that $3k-5k range.  Lots more eyes on BTC this year than there were last year.
sr. member
Activity: 434
Merit: 251
April 28, 2014, 10:45:11 AM
#40
And this is the problem with most people in Bitcoin. They don't see it from what it was designed to do - become the primary payment system used around the world. Instead we compare it to fiat as a measure of its value and become hyped up about it as the price increases. Basically it means systemically people are focused on making a quick buck rather than actually seeing this as a means of moving forward.

I think that this is one of the things that hurts bitcoin the most. untill people stop using bitcoin as an investment and more as a currency. i diont think we will see 10,000 eiter. to be honest im suprised we seen 1000 too but everyday it is becomming more used.
full member
Activity: 238
Merit: 100
April 28, 2014, 10:35:25 AM
#39
Just passing the time while waiting on some bitcoin movement  Grin In percentage terms, what do you think the probability is of BTC hitting $10K in the next 3 years?

All btc need is fiat investments (usd, eur, cny)

To be interested in fiat investments btc has to be stable, and secure and accepted by merchants ... nothing more nothing less, when those 3 basic criterias will be met, btc may go up

And if btc will be supported by governments, then price will go up more Wink
newbie
Activity: 42
Merit: 0
April 28, 2014, 10:28:10 AM
#38
Since the price is currently $440 this represents a 22.72 x return over 3 years or approx. 283% per annum.
This tells me the market thinks there is a very very small chance of this event occurring - if it was probable the price would be a lot higher already.


I think not.

Next rise is just around the corner, and it will hit 5k or more.
hero member
Activity: 703
Merit: 502
April 28, 2014, 09:57:28 AM
#37
Since the price is currently $440 this represents a 22.72 x return over 3 years or approx. 283% per annum.
This tells me the market thinks there is a very very small chance of this event occurring - if it was probable the price would be a lot higher already.
legendary
Activity: 1722
Merit: 1000
April 28, 2014, 09:27:10 AM
#36
If you believe that there is a 20% chance or more of Bitcoin being worth $10,000 within three years time, then I recommend that you sell everything you own, including your house, and put all of the money into Bitcoin, right now.
The current price is about $500, so $10,000 represents a 20 fold increase. If you think you have a one in five (20%) chance of achieving that (and let's say the only other outcome is Bitcoin = zero), then your expected profit is at least five-fold, over three years. That is an annualised (probability weighted) performance of 82%.

Losing all of your assets would be bad, but you can always rebuild. But missing out on an annualised, prob weighted performance of over 82% is a once-in-a-life-time opportunity.
This is not time to think about 'what you can afford to lose'. You can afford to lose everything, you can always beg on the street. But you cannot afford to miss this.

Personally, I do not believe that the chance is 20%. I think the chance is only about 0.1%. Bitcoin of $10,000 creates too much incentive for someone to come up with an alternative, superior, cryptocurrency that is better able to assist international transactions.



Put all of my wealth into a 20% chance.. AMAZING advice just amazing.....................

All of my no.
legendary
Activity: 1205
Merit: 1000
April 28, 2014, 09:23:47 AM
#35
If you believe that there is a 20% chance or more of Bitcoin being worth $10,000 within three years time, then I recommend that you sell everything you own, including your house, and put all of the money into Bitcoin, right now.
The current price is about $500, so $10,000 represents a 20 fold increase. If you think you have a one in five (20%) chance of achieving that (and let's say the only other outcome is Bitcoin = zero), then your expected profit is at least five-fold, over three years. That is an annualised (probability weighted) performance of 82%.

Losing all of your assets would be bad, but you can always rebuild. But missing out on an annualised, prob weighted performance of over 82% is a once-in-a-life-time opportunity.
This is not time to think about 'what you can afford to lose'. You can afford to lose everything, you can always beg on the street. But you cannot afford to miss this.

Personally, I do not believe that the chance is 20%. I think the chance is only about 0.1%. Bitcoin of $10,000 creates too much incentive for someone to come up with an alternative, superior, cryptocurrency that is better able to assist international transactions.



I believe even at 500, people are trying to come up with new cryptos (facebucks, ethereum maidsafe etc). Bitcoin is 6 billion (market cap).  The strongest network (computational power) and has a somewhat developed infrastructure. 
For a new crypto to overtake, it needs to take a few years to develop (or perhaps its in the making like if its dogecoin or something (LOL @dogecoin overtaking btc  Grin)

A new crypto may come, but I think it would take time and resouces to overtake (unless immediate flaw in btc protocol or a team of superior devs only go into another alt)

Nxt is building and developing like hell right now. We don't see this much development in Bitcoin right now. Today Nxt is at v1.0.0. Cheesy

https://bitcointalksearch.org/topic/nxt-blockchain-platform-proof-of-stake-official-587007
sr. member
Activity: 445
Merit: 251
April 28, 2014, 09:22:47 AM
#34
Bitcoins tredline is a growth of about 10x every year. 3 years then would have the price increase 1000x (if it continues on the trendline). Now I personally think that when it gets to high prices the growth will slow, but $10,000 is not that high (a capital injection of even a few billion dollars could spur a new bubble and send us there w/ ease), but after $10,000-20,000 or so I could see growth slowing

$10,000 in the next 3 years? VERY VERY FUCKING LIKELY (statistically, easily over 95%)


+1
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
April 28, 2014, 08:43:24 AM
#33
I have a perpetual motion device but it is not for sale. The output is also very small, otherwise I'd use it to power my bitcoin miners.
legendary
Activity: 2324
Merit: 1125
April 28, 2014, 08:05:21 AM
#32
If you believe that there is a 20% chance or more of Bitcoin being worth $10,000 within three years time, then I recommend that you sell everything you own, including your house, and put all of the money into Bitcoin, right now.
The current price is about $500, so $10,000 represents a 20 fold increase. If you think you have a one in five (20%) chance of achieving that (and let's say the only other outcome is Bitcoin = zero), then your expected profit is at least five-fold, over three years. That is an annualised (probability weighted) performance of 82%.

Losing all of your assets would be bad, but you can always rebuild. But missing out on an annualised, prob weighted performance of over 82% is a once-in-a-life-time opportunity.
This is not time to think about 'what you can afford to lose'. You can afford to lose everything, you can always beg on the street. But you cannot afford to miss this.

Personally, I do not believe that the chance is 20%. I think the chance is only about 0.1%. Bitcoin of $10,000 creates too much incentive for someone to come up with an alternative, superior, cryptocurrency that is better able to assist international transactions.



I believe even at 500, people are trying to come up with new cryptos (facebucks, ethereum maidsafe etc). Bitcoin is 6 billion (market cap).  The strongest network (computational power) and has a somewhat developed infrastructure. 
For a new crypto to overtake, it needs to take a few years to develop (or perhaps its in the making like if its dogecoin or something (LOL @dogecoin overtaking btc  Grin)

A new crypto may come, but I think it would take time and resouces to overtake (unless immediate flaw in btc protocol or a team of superior devs only go into another alt)

Yes there certainly is incentive. There's also incentive to realize energy efficient cold fusion, a Dyson sphere  and perpetuum mobile devices but none of these have been realized. You know why? Because it's very difficult (the first 2) or outright impossible (the latter). Economical incentive is not all that stands between something being realized or not.
hero member
Activity: 518
Merit: 500
April 28, 2014, 05:02:24 AM
#31
If you believe that there is a 20% chance or more of Bitcoin being worth $10,000 within three years time, then I recommend that you sell everything you own, including your house, and put all of the money into Bitcoin, right now.
The current price is about $500, so $10,000 represents a 20 fold increase. If you think you have a one in five (20%) chance of achieving that (and let's say the only other outcome is Bitcoin = zero), then your expected profit is at least five-fold, over three years. That is an annualised (probability weighted) performance of 82%.

Losing all of your assets would be bad, but you can always rebuild. But missing out on an annualised, prob weighted performance of over 82% is a once-in-a-life-time opportunity.
This is not time to think about 'what you can afford to lose'. You can afford to lose everything, you can always beg on the street. But you cannot afford to miss this.

Personally, I do not believe that the chance is 20%. I think the chance is only about 0.1%. Bitcoin of $10,000 creates too much incentive for someone to come up with an alternative, superior, cryptocurrency that is better able to assist international transactions.



I believe even at 500, people are trying to come up with new cryptos (facebucks, ethereum maidsafe etc). Bitcoin is 6 billion (market cap).  The strongest network (computational power) and has a somewhat developed infrastructure. 
For a new crypto to overtake, it needs to take a few years to develop (or perhaps its in the making like if its dogecoin or something (LOL @dogecoin overtaking btc  Grin)

A new crypto may come, but I think it would take time and resouces to overtake (unless immediate flaw in btc protocol or a team of superior devs only go into another alt)
full member
Activity: 215
Merit: 100
April 28, 2014, 04:47:16 AM
#30
If you believe that there is a 20% chance or more of Bitcoin being worth $10,000 within three years time, then I recommend that you sell everything you own, including your house, and put all of the money into Bitcoin, right now.
The current price is about $500, so $10,000 represents a 20 fold increase. If you think you have a one in five (20%) chance of achieving that (and let's say the only other outcome is Bitcoin = zero), then your expected profit is at least five-fold, over three years. That is an annualised (probability weighted) performance of 82%.

Losing all of your assets would be bad, but you can always rebuild. But missing out on an annualised, prob weighted performance of over 82% is a once-in-a-life-time opportunity.
This is not time to think about 'what you can afford to lose'. You can afford to lose everything, you can always beg on the street. But you cannot afford to miss this.

Personally, I do not believe that the chance is 20%. I think the chance is only about 0.1%. Bitcoin of $10,000 creates too much incentive for someone to come up with an alternative, superior, cryptocurrency that is better able to assist international transactions.

member
Activity: 114
Merit: 10
April 28, 2014, 12:17:05 AM
#29
graphs don't factor the unforeseen events that may or may not occur. and as we all know, balls come out of left field aplenty. there are still too many issues that need to be resolved for me to have a 90%+ confidence in it happening.

yes that is the same inherent risk in any investment (even the most seemingly secure ones)
sr. member
Activity: 434
Merit: 250
April 27, 2014, 11:23:33 PM
#28
graphs don't factor the unforeseen events that may or may not occur. and as we all know, balls come out of left field aplenty. there are still too many issues that need to be resolved for me to have a 90%+ confidence in it happening.
member
Activity: 114
Merit: 10
April 26, 2014, 02:56:15 PM
#27
Bitcoins tredline is a growth of about 10x every year. 3 years then would have the price increase 1000x (if it continues on the trendline). Now I personally think that when it gets to high prices the growth will slow, but $10,000 is not that high (a capital injection of even a few billion dollars could spur a new bubble and send us there w/ ease), but after $10,000-20,000 or so I could see growth slowing

$10,000 in the next 3 years? VERY VERY FUCKING LIKELY (statistically, easily over 95%)
hero member
Activity: 868
Merit: 1000
April 26, 2014, 11:21:31 AM
#26
Just passing the time while waiting on some bitcoin movement  Grin In percentage terms, what do you think the probability is of BTC hitting $10K in the next 3 years?

I would say a 20% chance for hitting 10K in 3 years.
full member
Activity: 196
Merit: 100
April 26, 2014, 11:20:21 AM
#25
not sure what exactly you mean by that?
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
April 26, 2014, 11:18:03 AM
#24
If I was as certain as you 2 are, I'd stock up on a lot more Smiley

You need to be only somewhat more than 5% certain to stock up a lot (more?). Unless you believe that it is in fact the $ that is losing 95%.
legendary
Activity: 938
Merit: 1000
April 26, 2014, 09:43:49 AM
#23
Could happen this year. If not, the next one certainly.

No way It happens this year, 3 years.. sounds something like It. This year like $1.5-2k Max I'd say.  Smiley
hero member
Activity: 490
Merit: 500
April 26, 2014, 09:32:26 AM
#22
80%
hero member
Activity: 1008
Merit: 531
April 25, 2014, 11:01:50 PM
#21
2014: fairly stable at $400-500
2015: peak at $4000
2016: fairly stable around $3000
2017: peak near $20000
2018: stable above $5000
legendary
Activity: 1692
Merit: 1018
April 25, 2014, 10:52:02 PM
#20
There are been countless graphs posted to this forum regarding the price of bitcoin going to $10k within 2 years, and possible $100k and beyond within 3 or 4.  With so many graphs published and so many people believing it will happen I cannot see it not happening now.  I'll be buying all the houses on my street with a single bitcoin by 2020.
sr. member
Activity: 350
Merit: 253
April 25, 2014, 10:45:14 PM
#19
based strictly on the trend line, bitcoin should reach $10,000 USD by the first half of 2015. I think it will happen.
legendary
Activity: 910
Merit: 1000
April 25, 2014, 09:13:18 PM
#18
I think we will see a decent spike when the block reward halves.
legendary
Activity: 2324
Merit: 1125
April 25, 2014, 07:49:23 PM
#17
And this is the problem with most people in Bitcoin. They don't see it from what it was designed to do - become the primary payment system used around the world. Instead we compare it to fiat as a measure of its value and become hyped up about it as the price increases. Basically it means systemically people are focused on making a quick buck rather than actually seeing this as a means of moving forward.

No the current fiat is a valid way to represent the future purchasing power a Bitcoin will offer it's owner.
legendary
Activity: 2268
Merit: 1278
April 25, 2014, 07:48:18 PM
#16
And this is the problem with most people in Bitcoin. They don't see it from what it was designed to do - become the primary payment system used around the world. Instead we compare it to fiat as a measure of its value and become hyped up about it as the price increases. Basically it means systemically people are focused on making a quick buck rather than actually seeing this as a means of moving forward.
One does not exclude the other. The fact of the matter is that the law of supply and demand is absolute.
full member
Activity: 196
Merit: 100
April 25, 2014, 07:47:37 PM
#15
Surely the 2 go together  -  if it becomes the primary payment method around the world, those who invested will profit.
hero member
Activity: 742
Merit: 502
Circa 2010
April 25, 2014, 07:44:47 PM
#14
And this is the problem with most people in Bitcoin. They don't see it from what it was designed to do - become the primary payment system used around the world. Instead we compare it to fiat as a measure of its value and become hyped up about it as the price increases. Basically it means systemically people are focused on making a quick buck rather than actually seeing this as a means of moving forward.
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April 25, 2014, 07:44:10 PM
#13
so what's the lowest you think it could go in such a scenario?
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Bitcoin super-duper-mega-ultra-hyper-node
April 25, 2014, 07:41:57 PM
#12
I have the feeling IF it does hit $10K, then that's a sign it is being widely accepted & the price won't stop there. It probably is an all or nothing game, as many others have said.

Even at the nothing level, I still think btc would retain value as a niche system.
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April 25, 2014, 07:40:32 PM
#11
I have the feeling IF it does hit $10K, then that's a sign it is being widely accepted & the price won't stop there. It probably is an all or nothing game, as many others have said.
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April 25, 2014, 07:35:51 PM
#10
It's impossible to predict whether we'll hit $10k in the next three years or not. One major event could trigger mass buying or selling and drive the price with a lot of force in either direction. One thing I've noticed with btc is that when it goes up in value, it explodes upwards in a very short amount of time.
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April 25, 2014, 07:27:10 PM
#9
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April 25, 2014, 07:15:01 PM
#8
Sure why not? Lets just pick more arbitrary numbers.

$29,384 this year? Yes 99% chance

$68,294,237 in 5 years? Yes 99% chance cause "fiat lol".
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April 25, 2014, 07:04:36 PM
#7
Could happen this year. If not, the next one certainly.
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April 25, 2014, 07:00:53 PM
#6
about 20%

3 years is not much, and I doubt it can go so high with pure speculation. I mean it must be super easy to convert to BTC (like at every ATM) or much more people need to get paid in BTC.
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April 25, 2014, 06:46:11 PM
#5
Same chance it'll have at going back to 1 dollar.
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April 25, 2014, 06:36:55 PM
#4
If I was as certain as you 2 are, I'd stock up on a lot more Smiley
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April 25, 2014, 06:22:43 PM
#3
99.98%
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9.9.2012: I predict that single digits... <- FAIL
April 25, 2014, 06:16:49 PM
#2
95%
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April 25, 2014, 06:12:17 PM
#1
Just passing the time while waiting on some bitcoin movement  Grin In percentage terms, what do you think the probability is of BTC hitting $10K in the next 3 years?
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