Bitcoin value? - page 2. | Bitcointalksearch.org

NotLambchop

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Quote from: vssa on December 25, 2014, 11:11:17 AM

...
As you can see blockchain technology is growing in price

Blockchain technology is not growing in price any more than TCP/IP technology is growing in price. It is free.

Quote

(or as you say in value, USD .btw I hope you are not measuring all values in USD).

Teh USD is the defacto money of international commerce.

vssa

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Quote from: ?? on ??

To hit 2k it's not easy
Maybe with few big companies accept BTC & less country ban bitcoin it's possible

I think that will happen in 2016

The title is bitcoin value and you all just talking about the price (more ridiculously in USD).
Bitcoins price the unit I mean is just a 1/3 of bitcoins value as I see it, the other 2/3 is blockchain technology and bitcoin the network.
As you can see blockchain technology is growing in price (or as you say in value, USD .btw I hope you are not measuring all values in USD).
The ration between the bitcoin market cap and alt coins market cap is less then it was 1-2 years ago ,see coinmarketcap.com.
The bitcoin network has just grown exponentially in the last year or so (see google search results and network hash rate.
So basically without going into details bitcoin value is priced in 2/3 less then it is actually trading now.
One year ago bitcoin price was around 1000$-800$ now it it at 350$.
So the fair price of bitcoin right now is around 900$-1100$ now how many new adopters of bitcoin will come if this was the reality right now?
I think around X3-X10 more so bitcoin at 3k to 10k is a very realistic target price for the next year or two.

TYT

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Quote from: aNtiClocK on December 23, 2014, 12:21:06 PM

I see quite a few posts of people predicting that btc will reach 2k this year, I just wondered what your reasonings for it were?

I am just wondering with all the other coins now out there, why do you think it will go straight back up and to 2k or beyond?

What are peoples reasonings for making such a prediction? Simple. They want it to go to that price. Will it? Not for a while. Keep promoting bitcoin and the bigger it gets so will hopefully the price.

1Referee

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Quote from: Febo on December 25, 2014, 08:17:37 AM

Quote from: aNtiClocK on December 23, 2014, 12:21:06 PM

I see quite a few posts of people predicting that btc will reach 2k this year, I just wondered what your reasonings for it were?

When gox fell completely I expected the price to go back up, but it seems to have just stalled around the 300 mark even after their dimise.

I am just wondering with all the other coins now out there, why do you think it will go straight back up and to 2k or beyond?

Mostly people speculate on past events. History of Bitcoin and history of Human economy.

People live inside their own world.

They seem to ignore the part where realilty and fantasy are two completely different things.

When you just take the time and review the market, you will know that $2K is not reasonable and won't happen in 2015.

Febo

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Quote from: aNtiClocK on December 23, 2014, 12:21:06 PM

I see quite a few posts of people predicting that btc will reach 2k this year, I just wondered what your reasonings for it were?

When gox fell completely I expected the price to go back up, but it seems to have just stalled around the 300 mark even after their dimise.

I am just wondering with all the other coins now out there, why do you think it will go straight back up and to 2k or beyond?

Mostly people speculate on past events. History of Bitcoin and history of Human economy.

ikydesu

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Quote from: aNtiClocK on December 23, 2014, 12:21:06 PM

I see quite a few posts of people predicting that btc will reach 2k this year, I just wondered what your reasonings for it were?

When gox fell completely I expected the price to go back up, but it seems to have just stalled around the 300 mark even after their dimise.

I am just wondering with all the other coins now out there, why do you think it will go straight back up and to 2k or beyond?

Where you had a predict from? the link? pict?
im not really sure will hit 2k this year or 2015, maybe next year(halving).

dumbdragon

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To hit 2k it'd essentially need twice the newb hype it had a year ago roughly this time. That's very unlikely. I can't see it hitting $1k for a long time myself.

scarsbergholden

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Quote from: jjacob on December 24, 2014, 05:04:03 AM

Quote from: aNtiClocK on December 23, 2014, 12:21:06 PM

I see quite a few posts of people predicting that btc will reach 2k this year, I just wondered what your reasonings for it were?

When gox fell completely I expected the price to go back up, but it seems to have just stalled around the 300 mark even after their dimise.

I am just wondering with all the other coins now out there, why do you think it will go straight back up and to 2k or beyond?

6x times in 1 year?
That is wishful thinking.

The price of bitcoin went up more then 100x in 2013 and went up similarly huge amounts in previous years. For the price to only go up by 6x would mean that the rate of price increase would be slowing tremendously.

Q7

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I think nothing is impossible. It's just a matter of time. The problem with most people is that they want fast results. And because of that they grow impatient. What I see is that acceptance level has been steadily growing, number of companies into bitcoin have also picked up, the biggest thus far is microsoft (I just hope that worked out) and with the uptrend maintaining, I'm sure price will adjust itself to higher level. Forget about 2k. Let's aim lower at 1k first.

carlosiness

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Quote from: var53 on December 25, 2014, 05:20:16 AM

Quote from: Gianluca95 on December 25, 2014, 04:57:52 AM

Quote from: resya on December 25, 2014, 04:55:22 AM

I just dont understand why bitcoin reached 1000$ last year, there were far fewer uses for bitcoin and far fewer merchants and traders. Now we have more merchants and traders but the price keeps falling like a rock Sad

Last year there was a big PUMP which is created from chinese people which has invested a lot of money in bitcoin and alt-coin. But, with the China's BAN, price was reduced to 600$. Over this, another thing is that Mark Karpeles with his BOT has contributed to the PUMP Cheesy

The fed's auctions also helped crash the price.

yeah, thats true

var53

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Quote from: Gianluca95 on December 25, 2014, 04:57:52 AM

Quote from: resya on December 25, 2014, 04:55:22 AM

I just dont understand why bitcoin reached 1000$ last year, there were far fewer uses for bitcoin and far fewer merchants and traders. Now we have more merchants and traders but the price keeps falling like a rock Sad

Last year there was a big PUMP which is created from chinese people which has invested a lot of money in bitcoin and alt-coin. But, with the China's BAN, price was reduced to 600$. Over this, another thing is that Mark Karpeles with his BOT has contributed to the PUMP Cheesy

The fed's auctions also helped crash the price.

Amph

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Quote from: Bad Uncle on December 23, 2014, 12:29:10 PM

2k this year? Not a chance. Maybe next or within the next couple of years maybe. And there's is never much reasonings behind people's speculations, just wishful thinking usually.

how do you know? for what it could be, it could skyrocket to 2k in 1 months

no one know, but with the incoming block reward halving, it may occur at some point

Gianluca95

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Reputation first.

Quote from: resya on December 25, 2014, 04:55:22 AM

I just dont understand why bitcoin reached 1000$ last year, there were far fewer uses for bitcoin and far fewer merchants and traders. Now we have more merchants and traders but the price keeps falling like a rock Sad

Last year there was a big PUMP which is created from chinese people which has invested a lot of money in bitcoin and alt-coin. But, with the China's BAN, price was reduced to 600$. Over this, another thing is that Mark Karpeles with his BOT has contributed to the PUMP Cheesy

resya

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I just dont understand why bitcoin reached 1000$ last year, there were far fewer uses for bitcoin and far fewer merchants and traders. Now we have more merchants and traders but the price keeps falling like a rock Sad

newIndia

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Be happy if it touches 500 for once before March 31, 2014.

unusualfacts30

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Too many people are invested..if you looked last year there weren't many people and majority were the ones who bought it earlier. People started jumping in bandwagon when it crossed $1000 and they lost money...now they've been fcking it up for everyone ever since. Buy low..sell high. They don't belive in technology...they believe in profit and greed.

that's what happens when you release a beautiful tech to people who have no fcking clue about what it is.

carlosiness

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yes, it would reach 2k from next year, so buy as much as you can afford. more you buy more the price goes up Cheesy

Muuurrrrica!

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2k?

If it does it'll either be for only splitseconds caused by a fatfinger or catastrophic manipulation on huge scale (also selling off fairly quickly after reaching that high) but all in all we can be happy if this shit survives and everyone can get out to a profit ....

Jamacn

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firstly could you tell me who think the price to $ 2k, i never say it anyway

jjacob

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Quote from: aNtiClocK on December 23, 2014, 12:21:06 PM

I see quite a few posts of people predicting that btc will reach 2k this year, I just wondered what your reasonings for it were?

When gox fell completely I expected the price to go back up, but it seems to have just stalled around the 300 mark even after their dimise.

I am just wondering with all the other coins now out there, why do you think it will go straight back up and to 2k or beyond?

6x times in 1 year?
That is wishful thinking.

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