Topic: Anyone else think we hitting $10,000 this year? (Read 2962 times)

I think it is too much wishfull thinking. Maybe near $1000 but not around $10,000.

I saw went up from 14 to more than 200 and it was incredible, later I saw (and be sold again) going to more than 1000, this is bitcoin, anything can happen. This time I'm going to truly believe.

But you see, the jump from 14 to 200 or from 200 to 1000 requires much much less money than from 1000 to 10'000. Not saying it's impossible but it's very very unlikely.
It whoul give BTC a monstruos market cap

We all are early adopter, just don't sell like I did if you don't need.

Red Nebula

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Quote from: kingcrimson on April 17, 2016, 01:56:04 AM

I think it is too much wishfull thinking. Maybe near $1000 but not around $10,000.

I saw went up from 14 to more than 200 and it was incredible, later I saw (and be sold again) going to more than 1000, this is bitcoin, anything can happen. This time I'm going to truly believe.

But you see, the jump from 14 to 200 or from 200 to 1000 requires much much less money than from 1000 to 10'000. Not saying it's impossible but it's very very unlikely.
It whoul give BTC a monstruos market cap

traderbit

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Something's in the air. When it comes, it will come fast.

I think it is just you or a very very small number of people, i doubt the bitcoin price will be 10k this year, but i hope it will reach 1k even though it is really hard to believe.

rekinthis

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Quote from: coinzat on April 18, 2016, 02:51:18 PM

I am not even considering that it is possible to reach $1000 per btc this year. your speculation is not realistic at all. you are talking about more than 24 double from the current price which can not happen in a short period like this

it is definitely possible thing to happen in my opinion because the halving will make the price increase really far up because a lot of people will be buying bitcoins really fast

i think that it is possible to reach 10 thousand dollars this year and if this will not happen we will surely go to at least a new all time high that will make us a lot of money

coinzat

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Young but I'm not that bold

I am not even considering that it is possible to reach $1000 per btc this year. your speculation is not realistic at all. you are talking about more than 24 double from the current price which can not happen in a short period like this

InvoKing

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Wow let's be a little bit realistic (even with bitcoin you will never know)
Hitting $10,000 this year is so hard in my opinion, it will takes 2-3 years with a constant positive growth to reach it, which isn't the case for the moment

BitMaxz

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I hoping that the price will hit 10k value but obviously its impossible to hit that value for bitcoin.. and my speculation the price value will be double or will hit around 600-800 value,. if we are lucky to hit that price to day no matter what happen i will collect more bitcoins.. because dont have money to start buying more bitcoin. thats why i am trying hard in trading.. also collecting more mrai to sell it in trading site once they launch it..

HarryKPeters

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No we are not gonna hit the 10k this year or the years after this one, I think its just not possible right now and its the question if this will ever be possible.
I think its maybe possible if the bitcoin will get a lot more media attention but this is far from now so I think this year its not possible and the coming 10 years also not.

geopolisch

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Quote from: tuvok007 on April 18, 2016, 02:47:45 AM

Quote from: 1Referee on April 18, 2016, 02:41:09 AM

What's happening with the people here? It's pure insanity thinking the price has even the slightest chance of reaching $10,000 this year.

Yeah,totally unrealistic, i mean, just for this year. In 5 or 6 years....very very possible....

No 10000 is out of question. the realistic value will be 1000 by the end of this year.

At the Halving we are hoping it will go beyond that. We wait for this.

Karartma1

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Quote from: martinacar on April 18, 2016, 08:54:04 AM

Quote from: NeuroticFish on April 18, 2016, 08:07:14 AM

Quote from: kingcrimson on April 17, 2016, 01:56:04 AM

Something's in the air. When it comes, it will come fast.

I so wish you're right... But I think that you are far too optimistic.
If it goes to 500-600$ I'd be already happy it rose.

Indeed, I think we are dreaming if it happens in the upcoming years, its just not possible in my eyes to be honest.
The fact is that the bitcoin has a good future but such a number is still far and far away from now for sure.

If you see 10000 why not 1000000? HODL!

martinacar

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Quote from: NeuroticFish on April 18, 2016, 08:07:14 AM

Quote from: kingcrimson on April 17, 2016, 01:56:04 AM

Something's in the air. When it comes, it will come fast.

I so wish you're right... But I think that you are far too optimistic.
If it goes to 500-600$ I'd be already happy it rose.

Indeed, I think we are dreaming if it happens in the upcoming years, its just not possible in my eyes to be honest.
The fact is that the bitcoin has a good future but such a number is still far and far away from now for sure.

NeuroticFish

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Quote from: kingcrimson on April 17, 2016, 01:56:04 AM

Something's in the air. When it comes, it will come fast.

I so wish you're right... But I think that you are far too optimistic.
If it goes to 500-600$ I'd be already happy it rose.

pereira4

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a x10 increase is very doable once the fear of missing kicks in and all the big fortunes start feeling like massive idiots by not owning some Bitcoins. I think this will happen sooner than a lot of people expect, specially in china, once capital controls kick in heavy they will flock into Bitcoin like crazy.

zby

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Quote from: randy8777 on April 18, 2016, 05:26:31 AM

I think it is too much wishfull thinking. Maybe near $1000 but not around $10,000.

I saw went up from 14 to more than 200 and it was incredible, later I saw (and be sold again) going to more than 1000, this is bitcoin, anything can happen. This time I'm going to truly believe.

the difference between now and how it was back then is very different and can't be compared to each other as there is much more money involved today. back then you could pump the price x2-×3 with a very low amount. that amount isn't even enough to nowadays pump the price up with 30-40% (depending on the exchange).

The market cap has grown - but the number of participants have also grown - probably many times more.

mp420

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I think $10k is only possible if the block size problem is solved for good; this might produce enough media hype to fuel an enormous bubble. $10k spike is certainly possible, but it's unlikely to happen very soon. I think the long time average value won't climb to over $600 if max block size stays at 1M. These are interconnected: more demand = more users => more transactions => larger blocks.

randy8777

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I think it is too much wishfull thinking. Maybe near $1000 but not around $10,000.

I saw went up from 14 to more than 200 and it was incredible, later I saw (and be sold again) going to more than 1000, this is bitcoin, anything can happen. This time I'm going to truly believe.

the difference between now and how it was back then is very different and can't be compared to each other as there is much more money involved today. back then you could pump the price x2-×3 with a very low amount. that amount isn't even enough to nowadays pump the price up with 30-40% (depending on the exchange).

pinger

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Quote from: tuvok007 on April 18, 2016, 02:47:45 AM

I think it is too much wishfull thinking. Maybe near $1000 but not around $10,000.

I saw went up from 14 to more than 200 and it was incredible, later I saw (and be sold again) going to more than 1000, this is bitcoin, anything can happen. This time I'm going to truly believe.

codehtcmail

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It's highly unprobable that BTC will reach 10k, but again who thought it could reach 1K when it was in 2011-2012 !!??
So basically anything can happen.

Lokfar

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Quote from: 1Referee on April 18, 2016, 02:41:09 AM

What's happening with the people here? It's pure insanity thinking the price has even the slightest chance of reaching $10,000 this year.

Yeah,totally unrealistic, i mean, just for this year. In 5 or 6 years....very very possible....

Yes it is really unrealistic many people are saying even that the value will not even rise after the halving so that is already bad and many people will get angry if they sees that.
It will only be possible to reach that value after some 10 years or something but now it will not happen.

tuvok007

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Quote from: 1Referee on April 18, 2016, 02:41:09 AM

What's happening with the people here? It's pure insanity thinking the price has even the slightest chance of reaching $10,000 this year.

Yeah,totally unrealistic, i mean, just for this year. In 5 or 6 years....very very possible....

1Referee

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What's happening with the people here? It's pure insanity thinking the price has even the slightest chance of reaching $10,000 this year.

vero

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I never thought bitcoin can reach $10,000 in the future or in this year, we need a little unrealistic with what we expected and we dreamed about.

STT

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Quote from: kingcrimson on April 17, 2016, 01:56:04 AM

Something's in the air. When it comes, it will come fast.

10,000 only happens when the dollar drastically loses value. Yes its perfectly possible and the bitcoin price would be way higher if people realised just how shored up the value of US dollar is. There is an excess of supply to the basic demand for dollar based on its productive output, the distortion comes from foreign nationals using USA as a proxy for global trade.
So vast change is possible but Im not sure this year is when it happens, maybe if Trump gets in he'll deliver the results promised by his predecessor real change; though maybe not all desirable

Mr.grin

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I think it will not happen this year. $ 10 000 price is too high for the current bitcoin, it might not happen even if halving happen, and maybe this year the highest price is $ 700 for bitcoin

The Sceptical Chymist

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What do you think is in the air? I really don't think bitcoin is going to hit 1000 this year. I'm not even sure about 500.

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$10,000 is way too far for really if we are speculating only for this year. Rate should have climb or should I say jumped leaps and bounds before we can say yes it can reach even half of it. We cant even reach breach the $500 level.

Jon Connor

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unfortunately i don't see that happening this year. i think 1k is very realistic but if we even reach that we will see a correction to the 500-600 range. for btc to reach 10k in such as short period of time we would need combination of factors to go along with the halving for which I can't seem to think of. i bought btc at $8 and never thought it would reach as high as it did...so yeah I've definitely been wrong.

talks_cheep

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How is this even possible?

There's nothing in the horizon to indicate a rise to $1000, let alone $10000.

The last buble to $1K bitcoin was possible due to a confluence of factors such as MtGox and China. MtGox is DEAD; China is already in. Bitcoin can only attract so many people, it has reached its current limit. It's too difficult to understand, use, and take risk in; those of us who can understand, use and take risk in, have already done it. The rest of the world don't understand it, don't need it, and won't risk their shirts.

Bitcoin is NOT like smartphones which gave cheap portable internet-enabled computers to people; bitcoin is money for the internet which is totally cool and innovative but it's limited to those who can understand how to use it--this is a problem because money is an important thing to everyone's daily lives, who wants to risk losing their shirts to internet money? especially when there are simple and established ways (credit card, western union, bank wire) to send/receive money already?

Wapinter

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Quote from: gerXhonza on April 17, 2016, 02:41:08 PM

Quote from: bit1 on April 17, 2016, 02:09:42 PM

I honestly do not think that it can reach this value in this year. However some day when it reach $10k will be on its route.

Yeah not in this year for sure and may be not possible in next year too, I think it will take at least a decade to reach there and that also if we see mass adaption in coming years.

That true.Mass adoption can really fuel bitcoin price to reach new records.As more people adopt btc,its demand will go up.Short supply and high demand usually leads to high price.Thats a simple law of economic

maokoto

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I am not hoping for such a high value. 600-700 is more likely, and I will feel comfortable with it staying at current prices.

techgeek

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Quote from: Eric Cartman on April 17, 2016, 09:18:22 AM

Quote from: Karartma1 on April 17, 2016, 09:06:38 AM

They say it and I still believe it, even though I think their assessment is undervalued as well

http://www.coindesk.com/bitcoin-undervalued-200-needham-report/

We should be well past 850$ today.

Still less than 1k, way below the 10k proposed in this topic.

And I don't know, most professional financial advise most of times do badly, I don't know if trust them only because they said what I want to hear would be good for my pocket

I see more of $1k happening then 10k marker.

But if we hit a $1k marker and see some crazy bubble happen to $7k then $10k, it would mean some exchange is ready to pop and open the can of worms they been holding..

kingcrimson

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Quote from: BitHodler on April 17, 2016, 03:55:02 PM

Just no. It's an illusion at this point.

With enough luck, good sentiment and an ongoing bull run we might reach $600 after the block halving. But all things mentioned must be perfectly working together in order to happen.

Block halving in 2012 led us to go from $10 to $260, the equivalent with this halving would be $10,000. It is possible $2,000-$3,000, I just think people way underestimate this train.

richjohn

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impossible to reach that kind of amount this year. 5 years after or more, the price only increase at $200 and yet how it going to increase at $10000 a few months?

BitHodler

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Just no. It's an illusion at this point.

With enough luck, good sentiment and an ongoing bull run we might reach $600 after the block halving. But all things mentioned must be perfectly working together in order to happen.

reuschman

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Quote from: kingcrimson on April 17, 2016, 01:56:04 AM

Something's in the air. When it comes, it will come fast.

The halving will give a good fuel to price for bitcoin but it will not be so much high to touch 10k ....
maybe bitcoin price will just add about more 300-500 dollars... no more... Wink

richardsNY

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Maybe in our dreams. But the reality will turn out to be not so friendly for us regarding the price. It will not even go above the $1000 level this year.

gerXhonza

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Quote from: bit1 on April 17, 2016, 02:09:42 PM

I honestly do not think that it can reach this value in this year. However some day when it reach $10k will be on its route.

Yeah not in this year for sure and may be not possible in next year too, I think it will take at least a decade to reach there and that also if we see mass adaption in coming years.

bit1

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I honestly do not think that it can reach this value in this year. However some day when it reach $10k will be on its route.

btcxyzzz

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Is this forum full of Bitcoin shills or what? Is it possible so many people are totally blind to see Bitcoin is in agony which will most probably end by proclaiming patient's death in July after halving event. Team of ridiculous maniacs paid by banksters are intentionally ruining it. Is it possible most of you are so blind?

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Quote from: Karartma1 on April 17, 2016, 09:06:38 AM

They say it and I still believe it, even though I think their assessment is undervalued as well

http://www.coindesk.com/bitcoin-undervalued-200-needham-report/

We should be well past 850$ today.

Still less than 1k, way below the 10k proposed in this topic.

And I don't know, most professional financial advise most of times do badly, I don't know if trust them only because they said what I want to hear would be good for my pocket

Karartma1

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They say it and I still believe it, even though I think their assessment is undervalued as well

http://www.coindesk.com/bitcoin-undervalued-200-needham-report/

We should be well past 850$ today.

Eric Cartman

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No, we won't, there is no reason at all for such rise(tell me why if I'm wrong)

Amph

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mmh not really, it may be possible as a peak but still i think the peak will be just 1k, and a stablòe price between 400 and 1k

although 10 could happen between 2016 and 2020 time frame

MedaR

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10k$?
This is beyond my imagination, and however i try to understand how people think this is possible, is this exaggeration or daydreaming, i'm not sure any more. But i'm sure i would be very happy this to happen, but wont, i'm also sure.

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Quote from: kingcrimson on April 17, 2016, 01:56:04 AM

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

How big were the jumps ? From $10 to $100 ,$100 to $400 ,yes ! If you can analyse the pattern from $400 to $10,000 does not only seems hypothetical but impossible in such a short period of time which according to OP is 8 more months.

gentlemand

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Nope. The landscape has changed. If there will be future rises they're not going to be as explosive. margin trading and more exchanges will even it out.

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Something's in the air. When it comes, it will come fast.

or too slow to see a daily increase? I see a little % of gain every day and not as usual strong percentage of gain...

BlackPanda

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it seems highly improbable. reached 10,000 USD in 2016 is unrealistic. according to various sources are to be believed, at least bitcoin will reach 1,000 USD this year.

Herbert2020

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Quote from: zby on April 17, 2016, 03:36:18 AM

Quote from: Denker on April 17, 2016, 03:27:34 AM

Quote from: Denker on April 17, 2016, 03:27:34 AM

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

It doesn't matter what and how often it happened in the past.
Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price?
That is really unlikely to happen this year.
When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year.

It is not just 'it happened 3 times' - it happened in the same way 3 times. My argument is a model. An informal one - but it is enough for me. I have tested it three times and it worked - and that has a meaning for me. The scale is now bigger - but it does not change the mechanism. I don't say it will stay at 10000 though

it is obvious that 10000 is not gonna stay but reaching it is another matter, and those previous times the price rose had other reason's, which does not exist now.
and the important part is that in order to reach $10000 there should be a large amount of money invested in bitcoin everyday to push it that high and i don't think demand will be higher than $2000

you can always hope though

zby

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That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

It doesn't matter what and how often it happened in the past.
Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price?
That is really unlikely to happen this year.
When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year.

It is not just 'it happened 3 times' - it happened in the same way 3 times. My argument is a model. An informal one - but it is enough for me. I have tested it three times and it worked - and that has a meaning for me. The scale is now bigger - but it does not change the mechanism. I don't say it will stay at 10000 though

Denker

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That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

It doesn't matter what and how often it happened in the past.
Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price?
That is really unlikely to happen this year.
When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year.

pleaseexplainagain

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That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

not sure you are comparing apples with apples. in 2013 it was a few people chasing the willy bot and it went quickly up to 1000 and then down to $250 (oe down 75%) over time. Not sure what prompted the 2011 jump but again the price was down about 70% a few months later.

not sure there is alot of pent up demand out there. So if it shoots up quickly and in a big way it will be being pumped. Just ensure you sell out before the next 70% drop from the new ATH or it will hurt.

Xenophoto

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This is very unrealistic. It will make every person who bought bitcoin a long time ago a millionaire. This year will reach 800-900$ max and if we're lucky enough, 1000$ but not 10,000$

pooya87

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there is a huge difference between last time rises and this time and you cannot just compare rising to $1000 with rising to $10,000
the 2013 market cap was 11 bil but the market cap at 10K will be a ridiculous number which is why i doubt if we can see that this year, there is not enough demand.
this year's rise will bring it up to min $700 and max $1500 IMO

zby

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