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Topic: $10K by the end of 2016 (Read 3151 times)

sr. member
Activity: 441
Merit: 251
July 17, 2015, 07:33:54 AM
#53
Yesterday we said tomorrow, when is this rise going to happen? Dreams do come true, all we have to do is JUST DO IT!
legendary
Activity: 938
Merit: 1000
July 17, 2015, 05:52:43 AM
#52
do you guys think it is possible? Cool

Possible, yes, probability VERY low... With all the forces at work trying to disrupt the protocol, even from within the crypto communities trying to drive down bitcoin to promote their own shitcoin, it looks grim in my opinion.... Not evne talking about the banking cartels...
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
July 17, 2015, 05:43:35 AM
#51
do you guys think it is possible? Cool

I'm not sure, I'm a pessimist but it's be amazing if we could get anywhere near 10k per coin by the end of 2016. It'd make my life, I think I'd break down with tears of joy. I'm unsure if 10k is a bit too optimistic that soon though. I'd be happy to be on 1000 USD by the end of 2016, that'd be acceptable.
legendary
Activity: 1134
Merit: 1000
July 17, 2015, 05:20:25 AM
#50
The only thing that can be write without hesitation and for sure is: everything is possible. Especially for the bitcoin.
But can be write even that no one can predict if this can be happen. There are no possibilities to make someone the finder of such prediction. To arrive at one prediction needed data to analyse; data that can help in such direction. For the price of bitcoin these data simply don't exists. The volatility and the freedom are the two main data that were emerged from the beginning of the bitcoin as a currency. Both don't give the possibility to find if this prediction will be true.
hero member
Activity: 501
Merit: 500
July 17, 2015, 05:11:35 AM
#49
A bubble peak of >$10k is possible, although unlikely. Sustained price above $10k is not possible in this time frame, if ever. Would need a very different kind of economy.
sr. member
Activity: 266
Merit: 250
July 17, 2015, 02:30:44 AM
#48
even I usually like similar bullish threads with mathematical calculations, graphs and complex equations, this can't really happen within 18 months. only if will happen something like:

* major expansion of dark web, illegal stores and activities
* war, plague, epidemic disease or other catastrophic scenario
* collapse of banking system, as we know him until today
* paypal, visa, mastercard total collapse
* really massive adoption by major retail businesses

I mean, it can't happen because of some startup or fancy looking app for iphone (because we already had both)

We don't really need any sort of super impossible scenareo for it to happen IMO. All it takes is a couple of whales feeling like they are missing a very obvious boat and getting in causing a huge price surge. Consider that the marketcap of Bitcoin is tiny, it only takes a couple of whales to push the price x10 times what it is now.
But still the whales also need a valid reason behind the pumping of Bitcoin price.
Because if there is no reason behind it then everyone will understand that the whales are behind it and no one will buy Bitcoin at the manipulated prices.

i think like that too, look like price at the manipulated by some big player. if situation like this all time i'm not sure bitcoin can survive as a currency in the future
hero member
Activity: 994
Merit: 1000
PUGG.io
July 16, 2015, 10:16:09 PM
#47
even I usually like similar bullish threads with mathematical calculations, graphs and complex equations, this can't really happen within 18 months. only if will happen something like:

* major expansion of dark web, illegal stores and activities
* war, plague, epidemic disease or other catastrophic scenario
* collapse of banking system, as we know him until today
* paypal, visa, mastercard total collapse
* really massive adoption by major retail businesses

I mean, it can't happen because of some startup or fancy looking app for iphone (because we already had both)

We don't really need any sort of super impossible scenareo for it to happen IMO. All it takes is a couple of whales feeling like they are missing a very obvious boat and getting in causing a huge price surge. Consider that the marketcap of Bitcoin is tiny, it only takes a couple of whales to push the price x10 times what it is now.
But still the whales also need a valid reason behind the pumping of Bitcoin price.
Because if there is no reason behind it then everyone will understand that the whales are behind it and no one will buy Bitcoin at the manipulated prices.
legendary
Activity: 1610
Merit: 1183
July 16, 2015, 10:14:03 AM
#46
even I usually like similar bullish threads with mathematical calculations, graphs and complex equations, this can't really happen within 18 months. only if will happen something like:

* major expansion of dark web, illegal stores and activities
* war, plague, epidemic disease or other catastrophic scenario
* collapse of banking system, as we know him until today
* paypal, visa, mastercard total collapse
* really massive adoption by major retail businesses

I mean, it can't happen because of some startup or fancy looking app for iphone (because we already had both)

We don't really need any sort of super impossible scenareo for it to happen IMO. All it takes is a couple of whales feeling like they are missing a very obvious boat and getting in causing a huge price surge. Consider that the marketcap of Bitcoin is tiny, it only takes a couple of whales to push the price x10 times what it is now.
hero member
Activity: 728
Merit: 500
July 16, 2015, 09:00:45 AM
#45
Maybe during a big bubble, but don't see 10k sustained by end of 2016
sr. member
Activity: 294
Merit: 250
★YoBit.Net★ 200+ Coins Exchange & Dice
July 16, 2015, 08:32:12 AM
#44
10k for coin and we would have a total of about 210.000.000.000$ market crap, for have this number bitcoin need a lot of people that buy it and don't convert in fiat after
legendary
Activity: 1568
Merit: 1031
July 16, 2015, 05:59:30 AM
#43
do you guys think it is possible? Cool

If it's too good to be true then it is .
There is a 99% that this will never happen , at least not on 2016 maybe five to ten years who knows . but 2016 is too soon and even halving block won't be able to do such change on the price.
legendary
Activity: 1036
Merit: 1001
/dev/null
July 16, 2015, 04:51:30 AM
#42
even I usually like similar bullish threads with mathematical calculations, graphs and complex equations, this can't really happen within 18 months. only if will happen something like:

* major expansion of dark web, illegal stores and activities
* war, plague, epidemic disease or other catastrophic scenario
* collapse of banking system, as we know him until today
* paypal, visa, mastercard total collapse
* really massive adoption by major retail businesses

I mean, it can't happen because of some startup or fancy looking app for iphone (because we already had both)
legendary
Activity: 1582
Merit: 1006
beware of your keys.
July 16, 2015, 04:40:02 AM
#41
no it is not.
unless bitcoin demand suddenly skyrocketed.
legendary
Activity: 3472
Merit: 10611
July 16, 2015, 03:09:55 AM
#40
do you guys think it is possible? Cool

not possible by the end of 2016!
i think at least we need a couple of more block reward halvings and also it becomes mass adopted.
until them we will be lucky if it reaches 1000 USD.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
July 16, 2015, 01:08:12 AM
#39
Don't listen to people that say Bitcoin will "never" be mega valuable.  Also, don't listen to people
that claim its going to be $50k by Christmas.   

$10k by the end of 2016 seems extremely ambitious, probably unrealistic.
$1k by the 2016 is much more possible. 

$10k-$20k by 2025 is what I'm thinking.
Its to hard if you want Price back to $1000 by 2016
Many player like dumbing price and i dont know what in they head and why they really like for dumbing price

I agree it will be hard, but possible because 18 months is a long time for demand to grow plus there is the block halving.
hero member
Activity: 714
Merit: 500
Me, myself and I
July 16, 2015, 12:40:55 AM
#38
Don't listen to people that say Bitcoin will "never" be mega valuable.  Also, don't listen to people
that claim its going to be $50k by Christmas.   

$10k by the end of 2016 seems extremely ambitious, probably unrealistic.
$1k by the 2016 is much more possible. 

$10k-$20k by 2025 is what I'm thinking.
Its to hard if you want Price back to $1000 by 2016
Many player like dumbing price and i dont know what in they head and why they really like for dumbing price
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
July 15, 2015, 09:23:53 PM
#37
Don't listen to people that say Bitcoin will "never" be mega valuable.  Also, don't listen to people
that claim its going to be $50k by Christmas.   

$10k by the end of 2016 seems extremely ambitious, probably unrealistic.
$1k by the 2016 is much more possible. 

$10k-$20k by 2025 is what I'm thinking.
sr. member
Activity: 322
Merit: 250
July 15, 2015, 05:06:20 PM
#36
no it is not possible.  unless the world has another major financial crisis.  but it is fun to dream now and again.

Another financial crisis?  We're no where near fixing the one that started in 2007, and likely it can't be fixed.  The fact that the only effect of the ongoing financial crisis most people see right now is abnormally low interest rates (which most people probably think is a good thing) doesn't mean the crisis isn't still there.

Yes.  The rates are still low because they know if they raise them, the asset bubble will burst.  I would say we are in the eye of the shit storm.  They could fix it by making regulations, or just simply putting back some old regulations (Glass-Stegal anyone?).  But no.  Mr. Hope and Change in stead put the same goldman sachs asshats in charge, we get no good regulations, and the problem still continues.  Welcome to the new world order.
hero member
Activity: 563
Merit: 500
July 15, 2015, 01:18:55 PM
#35
no it is not possible.  unless the world has another major financial crisis.  but it is fun to dream now and again.

Another financial crisis?  We're no where near fixing the one that started in 2007, and likely it can't be fixed.  The fact that the only effect of the ongoing financial crisis most people see right now is abnormally low interest rates (which most people probably think is a good thing) doesn't mean the crisis isn't still there.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
July 15, 2015, 01:15:45 PM
#34
sure it is possible. but only if bitcoin managed to replace fiat by the end of this year. people will dump all of their USD and its price will drop while bitcoin soars  Grin

10,000$ Bitcoin would represent roughly 150 B$ market cap. That is nowhere close to fiat-replacement value.

For reference Berkshire Hathaway has a market cap of 350 B$
copper member
Activity: 924
Merit: 1007
hee-ho.
July 15, 2015, 01:06:32 PM
#33
sure it is possible. but only if bitcoin managed to replace fiat by the end of this year. people will dump all of their USD and its price will drop while bitcoin soars  Grin
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
July 15, 2015, 12:59:42 PM
#32
after some halvings will be possible, otherwise mining will be too profitable and will consume too much electricity, making countries ban ASIC things

Unless countries get into the mining ASIC things
legendary
Activity: 1120
Merit: 1000
July 15, 2015, 12:55:19 PM
#31
after some halvings will be possible, otherwise mining will be too profitable and will consume too much electricity, making countries ban ASIC things
sr. member
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
July 15, 2015, 12:27:28 PM
#30
$10,000 per Bitcoin is a very high price. I do not know if it is even possible or not for Bitcoin to hit a price point that high. I think that the end of 2016 may possibly be too soon for Bitcoin to rise that much though. But I could be wrong, nobody knows for sure.
uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
July 15, 2015, 11:10:30 AM
#29
expontial trends in all natural phenomena are rather very short-term and very hard to sustain over longer time periods, thus, I believe it will be very unlikely to see 10k USD this, or even next year.

If we are to trust the typical S-curve adoption model of technologies we are only entering the exponential trend of Bitcoin`s adoption.
that would be great, I am afraid however, that the assumption that it can be applied in case of Bitcoin may be not valid.
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
July 15, 2015, 09:59:43 AM
#28
By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low
expontial trends in all natural phenomena are rather very short-term and very hard to sustain over longer time periods, thus, I believe it will be very unlikely to see 10k USD this, or even next year.

If we are to trust the typical S-curve adoption model of technologies we are only entering the exponential trend of Bitcoin`s adoption.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
July 15, 2015, 09:55:51 AM
#27
By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low

Extrapolating further:
Year 2017 price BTC 10^6 USD = 1000000 USD (Speculation)
...
Year 2027 price BTC 10^16 USD = 10000000000000000 USD (Speculation) Shocked

Haha lol.

I will be rich that year if that happens. "IF" . Im hoping.
uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
July 15, 2015, 09:42:46 AM
#26
By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low
expontial trends in all natural phenomena are rather very short-term and very hard to sustain over longer time periods, thus, I believe it will be very unlikely to see 10k USD this, or even next year.
legendary
Activity: 924
Merit: 1006
July 15, 2015, 09:33:48 AM
#25
By looking into bitcoin chart price history, their value increase exponentially

Year 2009 price BTC 10^-2 USD = 0.01 USD
Year 2010 price BTC 10^-1 USD = 0.1 USD
Year 2011 price BTC 10^0 USD = 1 USD
Year 2012 price BTC 10^1 USD = 10 USD
Year 2013 price BTC 10^2 USD = 100 USD (At 2013 until early 2014 it's value up to 1000 USD)
Year 2014 price BTC 10^3 USD = 1000 USD
Year 2015 price BTC 10^4 USD = 10000 USD (Speculation)
Year 2016 price BTC 10^5 USD = 100000 USD (Speculation)

Everything till possible although the chance is very low
legendary
Activity: 3248
Merit: 1072
July 15, 2015, 09:26:12 AM
#24
no it is not possible.  unless the world has another major financial crisis.  but it is fun to dream now and again.

then you are saying that bitcoin will never be mainstream, unless you really think that bitcoin can be fully adopted an be mainstream with 4B market cap....

this financial crysis isn't helping so much bitcoin, people are only starting to learning why bank sucks and moving into something else, and bitcoin has captured their interest
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
July 15, 2015, 08:23:18 AM
#23
Yes. But in the same way that I think it could be raining in exactly 1 year. That is to say, no one on Earth knows.

Well, planet earth is huge so there will be at least one place where it's raining exactly 1 year away from your message. 10K confirmed? Smiley
On a serious note, I think 10K is actually possible, the trend is obviously up, things are looking great for the future, and the halving hype may be insanely huge coupled with the rest of Bitcoin advancements. Im looking forward to it.

Hehehe. Good one. Ok, rain is confirmed.
 And I do think it is "possible", but 10k is a high bar. Even if it ended the year at $400 it would be a stellar performance in value appreciation. I'd be cool with that.
legendary
Activity: 1372
Merit: 1252
July 15, 2015, 08:10:20 AM
#22
Yes. But in the same way that I think it could be raining in exactly 1 year. That is to say, no one on Earth knows.

Well, planet earth is huge so there will be at least one place where it's raining exactly 1 year away from your message. 10K confirmed? Smiley
On a serious note, I think 10K is actually possible, the trend is obviously up, things are looking great for the future, and the halving hype may be insanely huge coupled with the rest of Bitcoin advancements. Im looking forward to it.
hero member
Activity: 759
Merit: 502
July 15, 2015, 07:51:37 AM
#21
Global events, block halving, the killer BTC app. The holy triangle of what is needed for what you are asking. Any one of the three could spark the rise.
tss
hero member
Activity: 742
Merit: 500
July 15, 2015, 07:44:12 AM
#20
no it is not possible.  unless the world has another major financial crisis.  but it is fun to dream now and again.
legendary
Activity: 896
Merit: 1000
July 15, 2015, 05:21:57 AM
#19
very unlikely. that doesn't mean i don't like it if bitcoin indeed reaches $10k, but it's simply not going to happen. i think $500-$600 is more reasonable by that time.
hero member
Activity: 994
Merit: 1000
PUGG.io
July 15, 2015, 05:08:28 AM
#18
$10k per coin? Not going to happen. Really.
It can happen,  as in the start of Bitcoin it was just a dust,  you could buy many of these in just a dollar.
But after 2012 in late 2013 it's prices were sky high.
So basically it is having a potential to reach 10K$ per Bitcoin. But a 2016 deadline is far from possible.
staff
Activity: 3500
Merit: 6152
July 15, 2015, 04:42:44 AM
#17
do you guys think it is possible? Cool

I don't have that much bitcoin to care but that would be more then great , at least I can buy my own car at the age of 18  Roll Eyes that would be awesome . anything can happens after July 2016 since there is the block halving reward . Let's hope everything goes smooth
hero member
Activity: 854
Merit: 503
Legendary trader
July 15, 2015, 04:41:04 AM
#16
$10k per coin? Not going to happen. Really.
legendary
Activity: 1442
Merit: 1016
July 15, 2015, 04:10:15 AM
#15
No.

probably 350-450 USD ... yes.
end 2013 is shitted ... by mtgox false graphics.

your target sounds more like a target for this year(actually very pessimistic because 350 isn't not sof ar away, at the end of the summer is already possible to be in 300-400 range), OP is talking about 2016 i'm quite sure that we can hover above 1200 for that time
So you think after 2016 bitcoin price rise up to $1200++
But what i see price drop again to 288-295 ?
im not sure because now is already in half a year 2016

The halving is somewhere around August 2016. So still more than a year to go.
hero member
Activity: 714
Merit: 500
Me, myself and I
July 15, 2015, 03:39:57 AM
#14
No.

probably 350-450 USD ... yes.
end 2013 is shitted ... by mtgox false graphics.

your target sounds more like a target for this year(actually very pessimistic because 350 isn't not sof ar away, at the end of the summer is already possible to be in 300-400 range), OP is talking about 2016 i'm quite sure that we can hover above 1200 for that time
So you think after 2016 bitcoin price rise up to $1200++
But what i see price drop again to 288-295 ?
im not sure because now is already in half a year 2016
legendary
Activity: 3248
Merit: 1072
July 15, 2015, 02:38:07 AM
#13
No.

probably 350-450 USD ... yes.
end 2013 is shitted ... by mtgox false graphics.

your target sounds more like a target for this year(actually very pessimistic because 350 isn't not sof ar away, at the end of the summer is already possible to be in 300-400 range), OP is talking about 2016 i'm quite sure that we can hover above 1200 for that time
legendary
Activity: 1512
Merit: 1012
July 14, 2015, 04:15:29 PM
#12
To the moon by halving time!

yes, it's that what i waiting for ... the mass media rally for the value of bitcoin at the halving !
sr. member
Activity: 433
Merit: 250
July 14, 2015, 03:38:00 PM
#11
To the moon by halving time!
full member
Activity: 122
Merit: 100
July 14, 2015, 03:33:58 PM
#10
Anything is possible, but I think it is unlikely. Perhaps $2,000 by the end of next year will be more realistic. The infrastructure is continuing to grow but asking for 35x return in less than 2 years seems excessive.

Once privacy and block size change issues are clarified I see BTC continuing to move up.

I am much more bullish about Monero than Bitcoin right now. Fungibility will become more and more of an important issue in the years to come with whitelisting and blacklisting of coins at least with merchants and service providers in certain countries.

legendary
Activity: 1148
Merit: 1001
July 14, 2015, 03:28:54 PM
#9
I think we will see 10K by the next halving in July 2016.  IMHO
legendary
Activity: 1652
Merit: 1265
July 14, 2015, 03:27:53 PM
#8
It would be incredible Grin

Gonna buy my first car and boat if it happens, only gonna cost 500k ubtc

Yeah get you one of these for just under $500k Wink
They might throw in the chick for free  Tongue

legendary
Activity: 1946
Merit: 1007
July 14, 2015, 03:21:33 PM
#7
No.

probably 350-450 USD ... yes.
end 2013 is shitted ... by mtgox false graphics.

A lot has changed investment and infrastructure wise.. We may see much higher numbers than that, we have already come close to your lower limit last week.
legendary
Activity: 1512
Merit: 1012
July 14, 2015, 03:18:55 PM
#6
No.

probably 350-450 USD ... yes.
end 2013 is shitted ... by mtgox false graphics.
legendary
Activity: 1778
Merit: 1043
#Free market
July 14, 2015, 03:18:20 PM
#5
I do not think it is possible , or at least not by the end of 2016... but most probable after 2-3 halving (or when the block reward will be less than 1 btc).
legendary
Activity: 2338
Merit: 1035
July 14, 2015, 03:17:48 PM
#4
It would be incredible Grin

Gonna buy my first car and boat if it happens, only gonna cost 500k ubtc
legendary
Activity: 1652
Merit: 1265
July 14, 2015, 03:15:53 PM
#3
Don't bet on it but anything is possible.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
July 14, 2015, 03:06:43 PM
#2
Yes. But in the same way that I think it could be raining in exactly 1 year. That is to say, no one on Earth knows.
sr. member
Activity: 448
Merit: 255
July 14, 2015, 03:02:59 PM
#1
do you guys think it is possible? Cool
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