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Topic: Bitcoin will hit $10,000 in 2014 - page 2. (Read 6022 times)

full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
January 25, 2014, 08:33:11 AM
#48
IMO, it just all sounds too good to be true.. it would make me a millionaire, which I find laughable. If it was this predictable/reliable Wall Street would have already been all over it. The previous rises were just easy as fuck, but future significant rises from now require institutional and collective average joe money.
2014 might be an ultra-bear year for all we know. Perhaps it is much needed in order to get rid of the cult-like greedy fanboys and give the developers some room to work without the wrong incentives.

wall street is imaterial except for the fact all the value is being sucked out of their Fiat in the event horizon of BTC, the ones that don't get it are extinct

Fiat in the event horizon ...

cool gonna keep it in my note-book Wink
legendary
Activity: 2632
Merit: 1023
January 25, 2014, 08:28:43 AM
#47
IMO, it just all sounds too good to be true.. it would make me a millionaire, which I find laughable. If it was this predictable/reliable Wall Street would have already been all over it. The previous rises were just easy as fuck, but future significant rises from now require institutional and collective average joe money.
2014 might be an ultra-bear year for all we know. Perhaps it is much needed in order to get rid of the cult-like greedy fanboys and give the developers some room to work without the wrong incentives.

wall street is imaterial except for the fact all the value is being sucked out of their Fiat in the event horizon of BTC, the ones that don't get it are extinct
legendary
Activity: 2632
Merit: 1023
January 25, 2014, 08:23:10 AM
#46
Ah, the exciting $10,000 per Bitcoin in 2014.  Let's see what this means. 

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2014-2016 :   $36 million ($18 million if 50% sold)
2017-2020:   $18 million ($9 million)
2021-2024:   $9 million ($4.5 million)
etc.

So, if Bitcoin is $10,000 in 2014, good luck in finding that daily tens of millions dollars.



hardly anyone sells, you looking at 10% ~ 1% of that.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
January 25, 2014, 05:42:30 AM
#45
Bitcoin needs multi-level marketers the way Vin Diesel needs a haircut. Bitcoin was created to cut out the middleman and now you think introducing a dozen or more middlemen will make it better? You've been smoking too much herbalife.

wait what ?  Grin

legendary
Activity: 2590
Merit: 3014
Welt Am Draht
January 24, 2014, 06:57:08 PM
#44
Well, if people want the big valuations then they need institutional investors and corporations et al whether that's a good thing or not, probably not.

They're not going to dive in in numbers unless they know what the playing field looks like.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
January 24, 2014, 06:53:07 PM
#43
Regulation can kill bitcoin and insure the dominance of DOGE.
legendary
Activity: 961
Merit: 1000
January 24, 2014, 06:51:23 PM
#42
My 2mBTC,

If we see the bitcoin ecosystem grow, then I see a price spike;

More Trading / Derivatives platforms (on the way....Winklevii, UltraCoin)

Major retailer acceptance (Amazon / Ebay  / Google?)


The big one though is of course regulation.

Even though bitcoin doesn't want or need it to operate, surely there is a lot of money sitting on the sidelines just waiting to see where the bitcoin economy is headed.
full member
Activity: 133
Merit: 100
January 24, 2014, 08:00:43 AM
#41
Can't see any sign of 10,000. Or of 5000. Or of 2500. OR OF 1250.

No one saw a sign of 1250 in January 2013.
legendary
Activity: 1064
Merit: 1001
January 24, 2014, 07:34:08 AM
#40
Can't see any sign of 10,000. Or of 5000. Or of 2500. OR OF 1250.

Not going to happen. 2014 will be a slow year for bitcoin with price of 500-1100.
legendary
Activity: 1106
Merit: 1007
Hide your women
January 23, 2014, 05:05:37 PM
#39
Bitcoin needs multi-level marketers the way Vin Diesel needs a haircut. Bitcoin was created to cut out the middleman and now you think introducing a dozen or more middlemen will make it better? You've been smoking too much herbalife.
newbie
Activity: 20
Merit: 0
January 23, 2014, 04:37:54 PM
#38
Bitcoin block value will soon be halved that will make the price jump Smiley

doesn't look like that's happening for another 2 years according to http://bitcoinclock.com/
sr. member
Activity: 353
Merit: 250
January 22, 2014, 07:31:15 PM
#37
*ahem* google  Grin
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.
legendary
Activity: 4130
Merit: 1307
January 22, 2014, 03:29:57 PM
#35
When things like Japan and Argentina become more common (plus the bail-ins etc), people will be looking for ways to protect themselves.  Gold, other PMs, probably bitcoin for some people, will become valuable stores of wealth.  People who are smart are now putting some of their assets in these before it is more difficult.  Think about if Argentinians had done so 2 years ago, they would be protected from the policies of madmen (madwomen).

Gold and PMs *can* be good, but if you wanted to take wealth out of Argentina today, bitcoin would be the best option.


Quote
Japan plans to raid dormant bank accounts to raise new revenue
Government resurrects proposal to help pay for welfare and education projects as the indebted country struggles to find new revenue

http://www.scmp.com/news/asia/article/1410614/japan-plans-raid-dormant-bank-accounts-raise-new-revenue

===========

Argentina restricts online shopping as foreign reserves drop
http://www.bbc.co.uk/news/world-latin-america-25836208

sr. member
Activity: 378
Merit: 255
January 22, 2014, 02:09:49 PM
#34
IMO, it just all sounds too good to be true.. it would make me a millionaire, which I find laughable. If it was this predictable/reliable Wall Street would have already been all over it. The previous rises were just easy as fuck, but future significant rises from now require institutional and collective average joe money.
2014 might be an ultra-bear year for all we know. Perhaps it is much needed in order to get rid of the cult-like greedy fanboys and give the developers some room to work without the wrong incentives.

These types of investments are how most millionaires became millionaires.
legendary
Activity: 1176
Merit: 1010
Borsche
January 22, 2014, 07:37:48 AM
#33
IMO, it just all sounds too good to be true.. it would make me a millionaire, which I find laughable.

you can be only as rich as you allow yourself to be. i.e., if you find an idea of you being a millionaire laughable, you will not be, because you will chicken out once the price goes to 2000 and sell off Wink
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
January 22, 2014, 07:25:53 AM
#32
IMO, it just all sounds too good to be true.. it would make me a millionaire, which I find laughable. If it was this predictable/reliable Wall Street would have already been all over it. The previous rises were just easy as fuck, but future significant rises from now require institutional and collective average joe money.
2014 might be an ultra-bear year for all we know. Perhaps it is much needed in order to get rid of the cult-like greedy fanboys and give the developers some room to work without the wrong incentives.
newbie
Activity: 24
Merit: 0
January 22, 2014, 07:12:10 AM
#31
Of course it's going to continue its 1000% raise every year. Can't you look at graphs? It's basically a fact! $1M by the end of 2016!!11 Whoo!

These threads and the mass hysteria/panic ones when there's a 10% dip in value are quite hilarious to read, thanks.
legendary
Activity: 2338
Merit: 2106
January 22, 2014, 07:06:59 AM
#30
Bitcoin can't hit more than 2000 because there are too many bitcoin hoarded (not hoarders). Simply put, going to 10,000, will make some people that own 10k to have more than 100 million dollars overnight. And the FBI to have 1.4 bln. USD. Do you want that? Because I don't.



they get 8 billion every year.

i don´t think an additional 1.4 billion will make such a difference.

http://www.fbi.gov/news/testimony/fbi-budget-for-fiscal-year-2012
legendary
Activity: 1652
Merit: 1265
January 22, 2014, 06:43:42 AM
#29
Bitcoin block value will soon be halved that will make the price jump Smiley
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