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.
Topic: Bitcoin will hit $10,000 in 2014 - page 3. (Read 6030 times)
I think a $600-$4,000 trading range isn't an unreasonable prediction.
Cool, so, who wants to buy my 1 btc for $10,000 to get this trend started?
Probably there are good chances:
A higher price does make things cheaper. THe reason is because with deeper markets it means that there is less spread between the bid/ask and there is more volume. If you are transferring larger amounts of money you lose less money on the spread between bid and ask and for smaller transactions its even less. The spread on gold prices for instance which have very deep markets is less than a half of a percent. That spread is a real cost for things like remittance and just buying bitcoin and turning around and purchasing things with it. Also typically the higher the price is it means the bitcoin ecosystem is larger and since it is still a free market that means more competition between exchanges and ATM's for lower fees.
In essence a higher price means bitcoin is more useful so people who say that the price doesn't matter are wrong.
In essence a higher price means bitcoin is more useful so people who say that the price doesn't matter are wrong.
If the twins open their Bitcoin ETF I can promise you that more than $36M will be purchased every day. There are a lot of dollars out there.
There is no limit in how much energy can the Bitcoin network use. And there is a nice linear relationship between its price and its energy usage.
More speculation will not help things, it will only make it worse. The only possible long term stable state is where the energy used is the same as the amount of "value created" by the network. Inflows of speculating cash do not create value. What does create value is enabling financial transactions to be cheaper than before, or even where they were not possible before. Speculating actually hurts that goal.
Speculation give this "value" a dollar price.
its kinda necessary...
If the twins open their Bitcoin ETF I can promise you that more than $36M will be purchased every day. There are a lot of dollars out there.
There is no limit in how much energy can the Bitcoin network use. And there is a nice linear relationship between its price and its energy usage.
More speculation will not help things, it will only make it worse. The only possible long term stable state is where the energy used is the same as the amount of "value created" by the network. Inflows of speculating cash do not create value. What does create value is enabling financial transactions to be cheaper than before, or even where they were not possible before. Speculating actually hurts that goal.
Not a chance in hell. Bernie Madeoff has a better chance of earning a presidential pardon than bitcoin hitting $2,000 this year.
How high is it going to get this year? I need to know how much to invest.
Schizophrenia playing up today?
I like to think it out from both angles, that way I don't get my expectations up too high
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.
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.
If the twins open their Bitcoin ETF I can promise you that more than $36M will be purchased every day. There are a lot of dollars out there.
Not a chance in hell. Bernie Madeoff has a better chance of earning a presidential pardon than bitcoin hitting $2,000 this year.
How high is it going to get this year? I need to know how much to invest.
Schizophrenia playing up today?
Not a chance in hell. Bernie Madeoff has a better chance of earning a presidential pardon than bitcoin hitting $2,000 this year.
QUOTED SO WE CAN COME BACK TO THIS LATER
(there are a hundred posts like this from years ago except replace $2,000 with "$100" or "$10" and minus a couple years.)
If you believe that, you should bet that it will hit $10k by 2016. If it hits in 2014 you could double your BTC.
Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
I guess that if bitcoin hits $10.000 he will more than double his money!Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
But if he doubles his BTC, and it hits 10k, he will more than 20x his dollar value.
That would be even better - any suggestions as to how? Plenty of good advice on these boards I guess...
Maybe the way that was suggested, which I included in my quote?
Oh yeah. Sorry for stupid.
If you believe that, you should bet that it will hit $10k by 2016. If it hits in 2014 you could double your BTC.
Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
I guess that if bitcoin hits $10.000 he will more than double his money!Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
But if he doubles his BTC, and it hits 10k, he will more than 20x his dollar value.
That would be even better - any suggestions as to how? Plenty of good advice on these boards I guess...
Maybe the way that was suggested, which I included in my quote?
If you believe that, you should bet that it will hit $10k by 2016. If it hits in 2014 you could double your BTC.
Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
I guess that if bitcoin hits $10.000 he will more than double his money!Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
But if he doubles his BTC, and it hits 10k, he will more than 20x his dollar value.
That would be even better - any suggestions as to how? Plenty of good advice on these boards I guess...
Not a chance in hell. Bernie Madeoff has a better chance of earning a presidential pardon than bitcoin hitting $2,000 this year.
If you believe that, you should bet that it will hit $10k by 2016. If it hits in 2014 you could double your BTC.
Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
I guess that if bitcoin hits $10.000 he will more than double his money!Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
But if he doubles his BTC, and it hits 10k, he will more than 20x his dollar value.
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.
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 $10,000 in 2014, good luck in finding that daily tens of millions dollars.
You are all very pessimistic.
I'd say we all very realistic. 
As notig posted, infrastrucure is really not there yet. Lack of interesting, competitive services is dragging bitcoin down.
10k$ in 2015 - possible, in 2014 - too early.
this time last year, many of us were hoping bitcoin would be $100 a coin by the end of the year, and that turned out pretty well
i'm willing to bet the amount of money poured into buying BTC itself as an investment over the past 6 months has been matched by VC money for bitcoin startups
over this year once these projects come to fruition..
god knows
i'm willing to bet the amount of money poured into buying BTC itself as an investment over the past 6 months has been matched by VC money for bitcoin startups
over this year once these projects come to fruition..
god knows
The multilevel marketing guys will take it mainstream this year. Its going to be awesome to watch.
Very possible. I say 5K+ and we are doing ok
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