Topic: Bitcoin will be 10k+ Q1 2014. - page 3. (Read 8632 times)
$10,000 would make Bitcoin roughly 1/4 the size of AAPL in market cap -- I don't think it's unrealistic at all to imagine Bitcoin being worth more than one quarter of a single company at some point... What would QQ have become had the Chinese government not intervened? Bitcoin ftw!
Remember this thread to see if I'm right when the time comes and if I am right you can tip me.
16AgTxbEARQN2BnxVfZcLgtBFb1TBjbJiw
16AgTxbEARQN2BnxVfZcLgtBFb1TBjbJiw
I think you should ask for tips from now because if your prediction come true you 'll get 10 times lower tips
you have to keep in mind that all the big guys coming into bitcoin at $500-$1000 will want at least 10-15x returns before they cash out, so yeah $10,000 is v real. Doubt about Q1 but towards the end of 2014 v likely.
I doubt about the minimum 10-15x requirements, big guys knows +50% in short time is enought.
$10,000 next year wont happen I guess
There are two options
In 2015, for 1 bitcoin will
1) to give more than $ 100,000
2) will beat face
In 2015, for 1 bitcoin will
1) to give more than $ 100,000
2) will beat face
Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
"Wall Street Will Put 'Hundreds of Millions' Into Bitcoin"
http://www.entrepreneur.com/article/230346
Bitcoin will be over $10k by the end of 2014 (is my guess).
Hundreds of Millions is not enought, you would need hundred Billion instead...
$10k * 12,000,000 = 120 Billion $
that's not how you calculate the increase of stock value.
you have to look at the market debt.
Right now, with the current available orders, you'd need:
$4.87 Million to bring Mt. Gox (USD) to 10,000
$6.06 Million for bitstamp
the other markets don't have any sell orders for $10,000 so they'd need to create sell orders in that range.
So theoretically you could place a market order with ~10 Million dollars and increase the bitcoin price to $10,000 on Mt. Gox and bitstamp, but it would quickly decrease due to arbitrage.
Note that this is purely theoretical, and also the price will most likely crash when there is not enough support to keep the market stable.
to buy up all the coins at all other exchanges you may need over 100 million, but still not anywhere near 120 billion.
LOL @ Op.... tagging this thread so I can laugh at ur face for being way off. Q1 2014? gtfo... probably 2015-2016 at the earliest
you have to keep in mind that all the big guys coming into bitcoin at $500-$1000 will want at least 10-15x returns before they cash out, so yeah $10,000 is v real. Doubt about Q1 but towards the end of 2014 v likely.
I have found that people in Barry Siebert's position RARELY make untrue statements trying to influence the markets. They have had it beaten out of them by the SEC. In almost every other investment he runs beside bitcoin, he could go to jail for making such a statement if it is not true. If he is saying it I believe it to be true.
Keep in mind, everyone here has a lot to gain saying Bitcoin will go up or down because who knows they could have made bets either way.
And nothing stops you from profiting from the crash down as much as from the rise up. Bitcoin can be shorted. Incredibly short sighted and weak argument.
Let me clarify. My point was more that a news article with a headline like that should be taken with a grain of salt rather than treated as evidence of its own, given that the person being quoted is incentivized to talk up Bitcoin's upside. Whether it's possible to "profit on the way down" or whether people on this forum (who may or may not have positions) are similarly incentivized isn't really relevant to that; if my post came across as making some other argument, I apologize for being unclear. And nothing stops you from profiting from the crash down as much as from the rise up. Bitcoin can be shorted. Incredibly short sighted and weak argument.
x42
Then I'll have everything I need.
Then I'll have everything I need.
I have also made some calculations but I come closer to $23000:
1000*23= 23000
1000*23= 23000
I approve of this calculation, because the number 23 is in it
"Wall Street Will Put 'Hundreds of Millions' Into Bitcoin"
http://www.entrepreneur.com/article/230346
Keep in mind that the bloke being quoted in that headline is the CEO of the company running the Bitcoin Investment Trust, and thus has a lot to gain from making people think that Wall Street will be putting huge money into Bitcoin, whether or not he actually believes it.http://www.entrepreneur.com/article/230346
Keep in mind, everyone here has a lot to gain saying Bitcoin will go up or down because who knows they could have made bets either way.
And nothing stops you from profiting from the crash down as much as from the rise up. Bitcoin can be shorted. Incredibly short sighted and weak argument.
"Wall Street Will Put 'Hundreds of Millions' Into Bitcoin"
http://www.entrepreneur.com/article/230346
Keep in mind that the bloke being quoted in that headline is the CEO of the company running the Bitcoin Investment Trust, and thus has a lot to gain from making people think that Wall Street will be putting huge money into Bitcoin, whether or not he actually believes it. http://www.entrepreneur.com/article/230346
The difficulty must rise another 10 times to make this happen
Bitcoin is stupid enough to be driven to 10k with no more than 50M USD
At exchanges is around 100M USD
You need ten times more USD at exchanges for 10k to have about the same price stability
Bitcoin is stupid enough to be driven to 10k with no more than 50M USD
Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
"Wall Street Will Put 'Hundreds of Millions' Into Bitcoin"
http://www.entrepreneur.com/article/230346
Bitcoin will be over $10k by the end of 2014 (is my guess).
Hundreds of Millions is not enought, you would need hundred Billion instead...
$10k * 12,000,000 = 120 Billion $
Nope.
Not every coin is paid for with $10k.
Its more likely for bitcoin to go back to $100 than it is to go to $10,000.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
The only way bitcoin can go to $10,000 in the near term is if wall street gets involved. That means the Winklevoss twins ETF gets approved. It might take a while for that to happen if it ever does.
"Wall Street Will Put 'Hundreds of Millions' Into Bitcoin"
http://www.entrepreneur.com/article/230346
Bitcoin will be over $10k by the end of 2014 (is my guess).
Hundreds of Millions is not enought, you would need hundred Billion instead...
$10k * 12,000,000 = 120 Billion $
The demand is there. The people are sold on it and are trying to figure out how to buy it. When they can call their broker and order it then you'll see $10,000. When it goes over $10,000 people will go into a buying frenzy and push it to $100,000.
No, price does not work this way. Going from $1,000 to $10,000 is ten times harder than going from $100 to $1,000
Actually no it's not 10 times harder. The network effect actually would make it more like 10 times easier. When something is easier to buy, more people want it, bigger institutions with more money want it, and it's seen as legitimate rather than a currency for drug dealers and terrorists, why would it be 10 times harder to go from $1000-10,000 as if there aren't hedge funds and investment banks who could easily put in hundreds of millions to billions at a time?
This is a speculation forum, so I'm going to speculate that it will take US$10,000 to buy 1.0 BTC by end of Q2 2014.
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