Bitstamp seems to be systematically dumping off big chunks of btc that clear out all almost the entire buy wall. Then there's a break..and then repeat... weird stuff happening today...
Can one of you please just place a buy order for a modest number of 6,000-7,000 BTC to stabilize it off today? Thanks...haha
Topic: Bitcoin will hit $10,000 in 2014 (Read 6060 times)
Bitcoin inflation has this nasty property that some part of it hammers the exchanges. This part is currently growing, but not as fast as it should, because of the preordering delays and scams in the mining hardware part. But, once difficulty reaches some kind of equilibrium, you get the situation where you need fresh money just for the price to stay the same.
When the difficulty is constantly increasing (a situation we've been in for a while), the amount of coins being mined is greater than it would be if the difficulty stabilizes (no new hashing power added to the network).
Holliday...you understand what the difficulty recalculation actually does, don't you?
I think he does. If you doubt that, are you sure you understand it? When the difficulty increases, then blocks are mined with increasing speed until the next adjustment, which happens earlier than two weeks (because of the difficulty increase). Thus there are indeed more coins mined per unit time in this case as to the 'planned' 2016 blocks per two weeks (since the 2016 block period takes less than two weeks to be finished).
Fair enough. And yes, I do understand the 'ahead of target' discussion with regards to more coins being minted per time period.
The interesting thing there though also is, there's no certainty as to whether those "extra" coins are actually going straight to market or not. If they're not, it seems to make the current price lull/decrease that much more puzzling for all the "Bitcoinz to $10,000 in the very near future" screamers.
There are some pretty big sell offs going on at bitstamp today by the way... 6,000 btc in one hour this morning...and some more being dumped right now...
Thank you for the update. I can confirm this is bad. Thank you.
No problem, I want everyone here to be successful
I am in it for the long haul, so I am holding on to everything I've got...I am just trying to find the right re-entry point to pick up some more btc, I just can't figure out what that price point is yet...lol 
Not going to happen. Will hit $3,000 max
Not confirmed.
Not going to happen. Will hit $3,000 max
There are some pretty big sell offs going on at bitstamp today by the way... 6,000 btc in one hour this morning...and some more being dumped right now...
Thank you for the update. I can confirm this is bad. Thank you.
There are some pretty big sell offs going on at bitstamp today by the way... 6,000 btc in one hour this morning...and some more being dumped right now...
Whoever wholeheartedly believes that BTC will hit 10k in 2014, should be putting every dollar that they can afford into bitcoin. That is free money then, and if you are working at a job that is earning you 100k/year, then you can nearly double your income by investing less than 10k now...
My opinion is that BTC will one day hit 10k/coin, but we are a long ways off from that because since we are still pretty much in the infancy stages, every time there is a rally, there is another government dropping the hammer which leads to another pull back.
My opinion is that BTC will one day hit 10k/coin, but we are a long ways off from that because since we are still pretty much in the infancy stages, every time there is a rally, there is another government dropping the hammer which leads to another pull back.
Bitcoin inflation has this nasty property that some part of it hammers the exchanges. This part is currently growing, but not as fast as it should, because of the preordering delays and scams in the mining hardware part. But, once difficulty reaches some kind of equilibrium, you get the situation where you need fresh money just for the price to stay the same.
When the difficulty is constantly increasing (a situation we've been in for a while), the amount of coins being mined is greater than it would be if the difficulty stabilizes (no new hashing power added to the network).
Holliday...you understand what the difficulty recalculation actually does, don't you?
I think he does. If you doubt that, are you sure you understand it? When the difficulty increases, then blocks are mined with increasing speed until the next adjustment, which happens earlier than two weeks (because of the difficulty increase). Thus there are indeed more coins mined per unit time in this case as to the 'planned' 2016 blocks per two weeks (since the 2016 block period takes less than two weeks to be finished).
Bitcoin inflation has this nasty property that some part of it hammers the exchanges. This part is currently growing, but not as fast as it should, because of the preordering delays and scams in the mining hardware part. But, once difficulty reaches some kind of equilibrium, you get the situation where you need fresh money just for the price to stay the same.
When the difficulty is constantly increasing (a situation we've been in for a while), the amount of coins being mined is greater than it would be if the difficulty stabilizes (no new hashing power added to the network).
Holliday...you understand what the difficulty recalculation actually does, don't you?
The multilevel marketing guys will take it mainstream this year. Its going to be awesome to watch.
What do you mean by multilevel marketing guys? which companies are you talking about? Just curious because multi-level marketing is huge where i am from...
Bitcoin inflation has this nasty property that some part of it hammers the exchanges. This part is currently growing, but not as fast as it should, because of the preordering delays and scams in the mining hardware part. But, once difficulty reaches some kind of equilibrium, you get the situation where you need fresh money just for the price to stay the same.
When the difficulty is constantly increasing (a situation we've been in for a while), the amount of coins being mined is greater than it would be if the difficulty stabilizes (no new hashing power added to the network).
In other words, there is more fresh money required for the exchange rate to stay the same while the difficulty is increasing, as it has been for quite some time. Once it stabilizes, the amount of coins created daily will decrease to the target, and less will need to be purchased in order to stay at the same exchange rate.
It's hard to tell from your statement whether you understand that or not.
Using fiatleak as an estimator, about $6mm flowing in daily at present. Now 10k starts to seem pretty achievable. I think the psychology of the historical spike pattern and the characteristic viral distribution curve militate for 3-5k in 2014, however. 10k in 2015.
You don't understand the full seriousness of the situation.
Bubbles form and bubbles deflate on their own. Bitcoin price is at $800 currently exactly because people think that it will be $5k even this year. Once you remove this belief, perhaps if price goes nowhere for 6 months (or even worse, starts to fall), you remove this reason to buy. Also, people on the sidelines start to sell.
Bitcoin inflation has this nasty property that some part of it hammers the exchanges. This part is currently growing, but not as fast as it should, because of the preordering delays and scams in the mining hardware part. But, once difficulty reaches some kind of equilibrium, you get the situation where you need fresh money just for the price to stay the same.
This, combined with the bubble bursting scenario, makes a nasty situation, and Bitcoin losing 90% of value should not be surprising. (it happened once before).
2014-2016 : $36 million ($18 million if 50% sold)
hardly anyone sells, you looking at 10% ~ 1% of that.If there is $6mm flowing in, there is $6mm flowing out. What matters is what leaves the exchanges and what winds up back on the books. Only the exchanges have this information.
2014-2016 : $36 million ($18 million if 50% sold)
hardly anyone sells, you looking at 10% ~ 1% of that.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.
hardly anyone sells, you looking at 10% ~ 1% of that.
Wait until the difficulty catches up, which would be, at this rate of growth, in about 3 to 7 months. Then miners will have to sell, because electricity bills.
The multilevel marketing guys will take it mainstream this year. Its going to be awesome to watch.
Yes, $10,000 BTC is very real in 2014. Only hurdle to reaching this number would be a continuous warfare from governments worldwide attempting to ban it / restrict it.
Not so high but i would say doubled or tripled value will be a fact ! Also many political events will take place !
Wow!
So marketing!
Many mainstream!
Much hurdle!
Such double!
Very politics!
I can't see $10,000 arriving until there is more demand. Real demand...not speculative. At current levels - something like only 400 to 1000 BTC would be traded on Bitstamp in a 24 hour period if the price was 10,000.00. I just can't see that happening yet.
what thats supposed to mean??? is the dildo battery running low ?
I can't see $10,000 arriving until there is more demand. Real demand...not speculative. At current levels - something like only 400 to 1000 BTC would be traded on Bitstamp in a 24 hour period if the price was 10,000.00. I just can't see that happening yet.
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.
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.
retailers don't matter that much, they don't make much money nor are they that larger part of the economy, they are small money depreciating assets. The real money, big end and backbone is in apreciating asset classes and currency backing/swaps/balancing the nightly/forex
eg forex in London a day is around 1.6T, that just blows retail out of the water
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.
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
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.
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
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.
hardly anyone sells, you looking at 10% ~ 1% of that.
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 ?
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.
They're not going to dive in in numbers unless they know what the playing field looks like.
Regulation can kill bitcoin and insure the dominance of DOGE.
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.
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.
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.
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.
Not going to happen. 2014 will be a slow year for bitcoin with price of 500-1100.
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.
Bitcoin block value will soon be halved that will make the price jump
doesn't look like that's happening for another 2 years according to http://bitcoinclock.com/
*ahem* google
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.
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
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
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.
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.
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
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.
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.
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.
These threads and the mass hysteria/panic ones when there's a 10% dip in value are quite hilarious to read, thanks.
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
Bitcoin block value will soon be halved that will make the price jump
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.
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
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
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
Bitcoin will be worth $10,000 by 12/31/2016:
http://betsofbitco.in/item?id=1532
You are all very pessimistic.
I can see BTC triple in value by the end of 2014 but 10k possibly in 2016 when next halving is due to happen according to http://bitcoinclock.com/
Not so high but i would say doubled or tripled value will be a fact ! Also many political events will take place !
Yes, $10,000 BTC is very real in 2014. Only hurdle to reaching this number would be a continuous warfare from governments worldwide attempting to ban it / restrict it.
I don't think the infrastructure is there for that. Not enough exchanges and ATM's yet or the ability for institutional investors to invest (like the winklevoss ETF that isn't approved) . If all of that was in place then maybe as long as the banks stopped trying to slow things down
The multilevel marketing guys will take it mainstream this year. Its going to be awesome to watch.
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