Topic: Bitcoin will be 10k+ Q1 2014. - page 4. (Read 8632 times)

"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).

Give it some time, I believe it is only matter of time. Price may reach $10,000 before this happens

+1. This sounds about right. I think it's far more likely that we'll be dropping in Q1 of next year unless there's some major world financial scare or the ETF gets approved, at which point we'll go up again... but yes, it's going to take some time.

THIS. lol  

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.

I think you're right, Luckybit.

"Very possible"

and your arguments are what exactly?

sometimes it looks like the average bitcoin-believer has an IQ of a dead goat

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

ASSUMPTIONS

Y'all exponentially multiplying, hoping for the best, not calculating in the worst

With this year % increase, anything can be possible. No need to say $10,000 is too much, wont happen next year 

Most of the people commenting didn't watch Bitcoin go from $13 to $260. No one thought it was possible that Bitcoin could go over $100 in 2013 and it went over $1200.

In 2014 I think it will go over $100,000 but the next bubble will take it to $10,000 and that is only a couple months away. By February we will see the next bubble. We aren't seeing it right now because it's the Christmas season so people aren't going to be buying as much but also because it's just not reaching the tipping point. 2014 you'll see a flood of institutional investors, hedge funds, oh yeah and the new crowd funding legislation will open the door to non-accredited investors.

It's not hard to figure out that once the flood gates are open 100 billion is really not a lot of money at all. It probably will be a bubble for sure, but that is how Bitcoin grows. It has never grown slowly, so the people saying it will be $2000 this summer aren't basing it on the trends from previous years. If Bitcoin has the exact same year it had in 2013 with all the negative media attention and difficulty in buying it then it reaches $10,000 by this summer. If we factor in the positive media attention, better infrastructure, and institutional investment like hedge funds and IRAs then you have $20,000 this summer and $100,000+ next winter when the market cap will be in the hundreds of billions.

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.

Given BTC rose from $13 to current prices in the span of less than a year this is completely possible. Sprinkle in some irrational exuberance and we have 30k noproblem.

This post is going to provide me with great amusement this spring when the price is above $10,000. I gave hints on the data points required to make the calculation but I'll reiterate one more time.

You need the highest market cap of 2013. The highest market cap of 2012. The highest market cap of 2011. This forms a trend line on a chart.

You need to look at rate of the growth in users of blockchain.info an Coinbase which also forms a trend line on a chart.

You need to look at the pace of that growth, how long did it take to reach an 8, no a 10, 12 billion dollar market cap? Then you have to determine if its possible that we could reach 100 billion dollar market cap sometime thing spring.

I say yes it's not only possible but it's going to happen. I believe we have reached the tipping point which generally is reached before exponential growth. We saw the same trend with twitter, facebook, etc. After we reach a certain level of users the tipping point is reached and the exponential growth phase is entered. I believe we are entering that phase now.

You'll see the evidence of what I'm talking about in early February when the price should pass $2000, then $5000. By April or May it will be $10,000+.

I could reveal my calculations but that takes the fun and mystery away. Just check back on this thread when the time comes.

For a hint:

Others here have done similar calculations with charts and have extrapolated the market cap for 2014 based on what happened in 2013. It's not hard to figure out that if growth happens at the exact same rate as in 2013 that we will surpass $10,000 in Q1 2014. You can look at the chart from 2013 and put it side by side with the chart from 2012, 2011, and then base it on the growth rate in the past.

People who don't think Bitcoin can surpass $10,000 in 2014 Q1 are day traders who never once took a look at the all time logarithmic chart, or looked at the untapped potential market cap, or the rate of growth of new users. For example Coinbase has 600,000 users right now and is growing at a rate of hundreds of thousands of new years a month. Coinbase will pass 1 million users in Q1 2014 and they just received 25 million in investment.

I will reiterate, $10,000-15,000 Q1 2014. If I'm right by May 2014 then remember to tip my Bitcoin address.

Price predictions often run in line with what people want the coin to go to, not what it will go to...

$10,000 in Q1? You're running solely on hope. In 2014? Highly unlikely, but maybe. I'm thinking $4-5000 top in '14.

$10,000 and beyond is 2015 territory

This

Unlikely.

and a picture of the moon 

The graph should have a few triangles.

i was just about to post a similar calculation.  Just as scientific as yours.  Maybe throw in a graph with a few points on it too for good measure!
One can dream I guess.