Bitcoin (BTC/USD) Price Prediction. $4000-$6500 by August/September 2014. - page 7.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: Chef Ramsay on July 11, 2014, 08:08:18 PM

I wonder what will happen when certain people cash out their Bitcoins at whatever price back into their bank accounts via Coinbase? Like, when a coin is worth $3500 for example and someone cashes out 10 and $35k comes into their account out of nowhere. Does Coinbase have something worked out w/ banks that won't make them put a hold on an account when such lump sums come flying in? Not a matter of if but when this type of thing happens.

They'll just lower limits.

Coinbase is the most regulated and most scammy exchange ever. Honestly i've lost 0 BTC through gox and at LEAST 5 through coinbase.

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

I wonder what will happen when certain people cash out their Bitcoins at whatever price back into their bank accounts via Coinbase? Like, when a coin is worth $3500 for example and someone cashes out 10 and $35k comes into their account out of nowhere. Does Coinbase have something worked out w/ banks that won't make them put a hold on an account when such lump sums come flying in? Not a matter of if but when this type of thing happens.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: theonewhowaskazu on July 11, 2014, 07:06:05 PM

Quote from: ArticMine on July 11, 2014, 06:25:57 PM

Quote from: ?? on ??

Quote from: ArticMine on July 11, 2014, 05:23:19 PM

Quote from: ?? on ??

Quote from: spazzdla on July 11, 2014, 03:04:06 PM

I think the next bubble will be utterly utterly insane.. with an equal crash(it will stay + 3k or 10k depending on the top). IMO stock market crash... soonish not soon.

Imho hyperinflation needs to become undeniable first, its already underway but it just looks like booming markets at the mo.

There is no need for an inflationary collapse of USD in order for BTC to rise in purchasing power by 100x or even 1000x. This scenario could also prove very bearish for gold. The Keynesians get watch on the sidelines, loosing 1%-2% a year, while a massive transfer of Austrian wealth from gold to bitcoin takes place.

It could, there's a lot of surplus out there and if even a small part of it is waiting to jump on the train it would be an incomprehensible rise. I meant hyperinflation will likethe excely be obvious before stock markets crash and if that happens then Bitcoin stands a strong chance of taking on the SDR as when it peaks its a reference point to fiat values and the rest of those are completely distorted.

There is no need to hyperinflation in order for the stock market to collapse. We can have a deflationary downturn / depression as occurred in the 1930s. One thing to keep in mind is growth in excess reserves in the US. This means the multiplier effect of fractional reserve banking in not taking place. Bitcoin can do extremely well in such a scenario because it is still in the ramp up stage; however gold would get slaughtered. USD may ironically rise with respect most assets with exception of Bitcoin and some of the "senior" alt currencies.

You do know what those excess reserves mean right? If they pull them out and start lending, which is ironically what is likely to happen if interest rates go UP without the bribe rate (the interest rate on excess reserves) going up, an extra $26 Trillion can work its way into the M2. That would constitute an increase greater than 200%. Thats one really wound up spring ready to snap back.

In order for that not to happen, they have to do two things. Suppress the earnings of financial institutions so owner's equity doesn't creep into those reserves, and keep the bribe rates at least as they are right now proportional to mortgage and other forms of lending that "leads into the economy."

In order to have a loan one needs both a willing lender and a willing borrower. If there is no willing borrower there is no loan no matter how willing the lender is.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: ArticMine on July 11, 2014, 06:25:57 PM

Quote from: ?? on ??

Quote from: ArticMine on July 11, 2014, 05:23:19 PM

Quote from: ?? on ??

Quote from: spazzdla on July 11, 2014, 03:04:06 PM

I think the next bubble will be utterly utterly insane.. with an equal crash(it will stay + 3k or 10k depending on the top). IMO stock market crash... soonish not soon.

Imho hyperinflation needs to become undeniable first, its already underway but it just looks like booming markets at the mo.

There is no need for an inflationary collapse of USD in order for BTC to rise in purchasing power by 100x or even 1000x. This scenario could also prove very bearish for gold. The Keynesians get watch on the sidelines, loosing 1%-2% a year, while a massive transfer of Austrian wealth from gold to bitcoin takes place.

It could, there's a lot of surplus out there and if even a small part of it is waiting to jump on the train it would be an incomprehensible rise. I meant hyperinflation will likethe excely be obvious before stock markets crash and if that happens then Bitcoin stands a strong chance of taking on the SDR as when it peaks its a reference point to fiat values and the rest of those are completely distorted.

There is no need to hyperinflation in order for the stock market to collapse. We can have a deflationary downturn / depression as occurred in the 1930s. One thing to keep in mind is growth in excess reserves in the US. This means the multiplier effect of fractional reserve banking in not taking place. Bitcoin can do extremely well in such a scenario because it is still in the ramp up stage; however gold would get slaughtered. USD may ironically rise with respect most assets with exception of Bitcoin and some of the "senior" alt currencies.

You do know what those excess reserves mean right? If they pull them out and start lending, which is ironically what is likely to happen if interest rates go UP without the bribe rate (the interest rate on excess reserves) going up, an extra $26 Trillion can work its way into the M2. That would constitute an increase greater than 200%. Thats one really wound up spring ready to snap back.

In order for that not to happen, they have to do two things. Suppress the earnings of financial institutions so owner's equity doesn't creep into those reserves, and keep the bribe rates at least as they are right now proportional to mortgage and other forms of lending that "leads into the economy."

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

I wonder when Sony will allow to pay with bitcoins on the Playstation store. Just read comments on an forum that the payment with paypal or credit card is not working at the moment. Buying games from the us store and live in europe.

And it must also become very easy to buy bitcoins. As easy as going to an atm and pay out cash. Or even easier. I think then we can talk about 10k bitcoins

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: ?? on ??

Quote from: ArticMine on July 11, 2014, 05:23:19 PM

Quote from: ?? on ??

Quote from: spazzdla on July 11, 2014, 03:04:06 PM

I think the next bubble will be utterly utterly insane.. with an equal crash(it will stay + 3k or 10k depending on the top). IMO stock market crash... soonish not soon.

Imho hyperinflation needs to become undeniable first, its already underway but it just looks like booming markets at the mo.

There is no need for an inflationary collapse of USD in order for BTC to rise in purchasing power by 100x or even 1000x. This scenario could also prove very bearish for gold. The Keynesians get watch on the sidelines, loosing 1%-2% a year, while a massive transfer of Austrian wealth from gold to bitcoin takes place.

It could, there's a lot of surplus out there and if even a small part of it is waiting to jump on the train it would be an incomprehensible rise. I meant hyperinflation will likethe excely be obvious before stock markets crash and if that happens then Bitcoin stands a strong chance of taking on the SDR as when it peaks its a reference point to fiat values and the rest of those are completely distorted.

There is no need to hyperinflation in order for the stock market to collapse. We can have a deflationary downturn / depression as occurred in the 1930s. One thing to keep in mind is growth in excess bank reserves in the US. This means the multiplier effect of fractional reserve banking in not taking place. Bitcoin can do extremely well in such a scenario because it is still in the ramp up stage; however gold would get slaughtered. USD may ironically rise with respect most assets with exception of Bitcoin and some of the "senior" alt currencies.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: ?? on ??

Quote from: spazzdla on July 11, 2014, 03:04:06 PM

I think the next bubble will be utterly utterly insane.. with an equal crash(it will stay + 3k or 10k depending on the top). IMO stock market crash... soonish not soon.

Imho hyperinflation needs to become undeniable first, its already underway but it just looks like booming markets at the mo.

There is no need for an inflationary collapse of USD in order for BTC to rise in purchasing power by 100x or even 1000x. This scenario could also prove very bearish for gold. The Keynesians get watch on the sidelines, loosing 1%-2% a year, while a massive transfer of Austrian wealth from gold to bitcoin takes place.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: colinistheman on July 11, 2014, 04:39:00 PM

Quote from: Taras on July 11, 2014, 04:31:52 PM

I don't see it happening. Where is all this money going to come from? Huh

From investor's bank accounts

Not just bank accounts. It can also comes from the sale of gold and stocks. A 100x rise in the BTC/USD rate could really shake up the gold market since the bitcoin market would then represent 10% of the gold market.

Edit: Bitcoin is a direct competitor to gold when it comes to "Austrian" / "Hard Currency" assets.

colinistheman

hero member

Activity: 907

Merit: 1003

Quote from: Taras on July 11, 2014, 04:31:52 PM

I don't see it happening. Where is all this money going to come from? Huh

From investor's bank accounts

Taras

legendary

Activity: 1386

Merit: 1053

Please do not PM me loan requests!

I don't see it happening. Where is all this money going to come from? Huh

MNDan

full member

Activity: 287

Merit: 101

I try to believe this, but I don't see where the money would come from even within the next 2 YEARS. The difficulty of adding another 90 billion to the market cap is a VERY large jump IMHO.

spazzdla

legendary

Activity: 1722

Merit: 1000

I think the next bubble will be utterly utterly insane.. with an equal crash(it will stay + 3k or 10k depending on the top). IMO stock market crash... soonish not soon.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: colinistheman on July 11, 2014, 01:33:30 PM

Here is my Bitcoin price prediction on a drawn graph.

https://www.tradingview.com/v/aA0zaAFD/

I use a logarithmic scale.

There is a pattern of about 7.3 to 7.8 months between each bitcoin price spike top.

The bull run should begin any day now. The price should be moving up steadily in 2 weeks.

To be conservative, I would say the price of a single bitcoin will reach over $4,000 but per this graph it should actually reach $6,500. It's just hard to imagine!

$4,000 - $6,500 bitcoin by September 2014.

nice chart, but this prediction assumes that everything will repeat itself exactly, which is unlikely. i agree, however, that next "bubble" would be at least $6000, but could be as high as 60000 (if 2011 pattern will repeat itself). The timing of such 'bubble", however, is completely unknowable.

colinistheman

hero member

Activity: 907

Merit: 1003

Here is my Bitcoin price prediction on a drawn graph.

https://www.tradingview.com/v/aA0zaAFD/

I use a logarithmic scale.

There is a pattern of about 7.3 to 7.8 months between each bitcoin price spike top.

The bull run should begin any day now. The price should be moving up steadily in 2 weeks.

To be conservative, I would say the price of a single bitcoin will reach over $4,000 but per this graph it should actually reach $6,500. It's just hard to imagine!

$4,000 - $6,500 bitcoin by September 2014.

Topic: Bitcoin (BTC/USD) Price Prediction. $4000-$6500 by August/September 2014. - page 7. (Read 27695 times)