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Topic: 2013-12-03 CoinDesk - Bitcoin Price Could Reach $98,500 (Read 1815 times)

hero member
Activity: 826
Merit: 501
in defi we trust
Why does that number reminds me of sheepmarket "hack" ?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
It all depends on what you value BTC.  If you don't think its worth anything near $98,500 then you're going to sell it way before it gets there.

I think at $98,500 most people will wait until its worth $100k before they start selling.

i would agree here, thats psychological  Smiley
sr. member
Activity: 434
Merit: 250
I have seen all sort of crazy future valuation predictions ever since I started collecting BTCs. Some of them:

1. 1 BTC = $ 1,000,000

2. 1 BTC = $ 98,500

3. 1 BTC = $ 700,000

4. 1 BTC = $ 40,000

and they will all be true.

because.. we want it to be?
legendary
Activity: 2114
Merit: 1031
I have seen all sort of crazy future valuation predictions ever since I started collecting BTCs. Some of them:

1. 1 BTC = $ 1,000,000

2. 1 BTC = $ 98,500

3. 1 BTC = $ 700,000

4. 1 BTC = $ 40,000

and they will all be true.
legendary
Activity: 3752
Merit: 1217
I have seen all sort of crazy future valuation predictions ever since I started collecting BTCs. Some of them:

1. 1 BTC = $ 1,000,000

2. 1 BTC = $ 98,500

3. 1 BTC = $ 700,000

4. 1 BTC = $ 40,000
hero member
Activity: 526
Merit: 508
My other Avatar is also Scrooge McDuck
There has to be a selling spree sometime. There are too many skeptics in this world  Tongue I think at 2k, everyone will sell, and BTC would be ~500 maximum.
Why is it so hard to believe that there are more people out there who are learning how awesome bitcoin is than there are bitcoin holders that suddenly lose faith in it?

There are 8 Billion people in the world, most of them without a milibit nor even a bank account to their names. There are FAR less than that who have any bitcoin at all, and only a Tiny fraction of that handful that have enough bitcoin to actually move the market if they got spooked.

This pessimism is silly. Volatility will continue to go up and down psuedo-normally until the day that bitcoin has eaten all of its' competition... On that day volatility won't even be noticeable anymore, and bitcoin can be actual Money to the world.
sr. member
Activity: 868
Merit: 250
There are too many skeptics in this world 
Then it will go up.
legendary
Activity: 1806
Merit: 1521
It all depends on what you value BTC.  If you don't think its worth anything near $98,500 then you're going to sell it way before it gets there.

I think at $98,500 most people will wait until its worth $100k before they start selling.
legendary
Activity: 4130
Merit: 1307
There has to be a selling spree sometime. There are too many skeptics in this world  Tongue I think at 2k, everyone will sell, and BTC would be ~500 maximum.

...each currency has its Great Depressions.  Lips sealed

This same thing has been said since dollar parity and some people sell, some just keep using it to buy and some hold.  

I might sell one or two at the 98,500 figure, but not trade it for a currency that is losing value each year due to inflation. Smiley
newbie
Activity: 13
Merit: 0
There has to be a selling spree sometime. There are too many skeptics in this world  Tongue I think at 2k, everyone will sell, and BTC would be ~500 maximum.

...each currency has its Great Depressions.  Lips sealed
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Total nonsense, it will reach $98,503. Idiots.

wow, even better, 3 $ more   Grin 



sr. member
Activity: 252
Merit: 250
And that analysis takes in account its value only as an alternative payment network.
legendary
Activity: 3430
Merit: 3080
Total nonsense, it will reach $98,503. Idiots.
newbie
Activity: 54
Merit: 0
Bitcoin Price Could Reach $98,500, Say Wall Street Analysts
http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/

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