I don't understand why people are panicking this badly.
So far, Bitcoin has roughly followed previous patterns. Drop to 500 or even around 400 or 300 will fit the pattern exactly, followed by 8x to 10x bubble rise in another 9 months or so.
Of course, we have greater variables now with regulations and crackdowns as well as more public exposure and media attention.
For all such new unknowns, crypto and bitcoin specifically is following a remarkably steady and regular pattern similar to the past.
I believe a plunge down to around 500, followed by prolonged period of sideway movement along that line, with rise up to 5000 and even 6000 by the end of this year, followed by another plunge to 2500-3000 followed by rise to 15,000 and above is not out of the question, excluding every country on earth officially banning crypto.
Some regulations and official attention may even bolster the market for a while as really big players and investors seriously get into the game - right now the volatility is keeping serious money away due to fear of complete anarchy and lack of financial security that is crypto 'market's.
Topic: By December 31st, 2014 we will have touched $5000/BTC (Read 5405 times)
With the current 300%/day climbrate at GOX we'll be at >$5000 in 3 days.
Looking at it from the $220/day point of view we'll be there in 21 days.
TO DA MOON!!!
Looking at it from the $220/day point of view we'll be there in 21 days.
TO DA MOON!!!
By December 31st, 2014 we will have touched $5000/BTC
Could I be right once again???
Could I be right once again???
Seems a bit too conservative given bitcoin's track record for these types of posts... 2013 was a 6000% year, I think 2014 can be a 2000% year at least.
$16 000!
Careful.
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year
Technically...
As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year
Technically...As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
lol Yes and pigs fly for 0.0000001 seconds when they jump.
Over the next 10 months I can see the price touching $5000 but I doubt it would go to $200 shortly thereafter.
I would think they'd fly a bit longer than that... And when they suit up and get in helicopters. Oh, wait, you meant actual pigs. Or did you
Anyway, on a slightly more serious note, do you base your prediction on anything in particular, or just guts? FWIW, I think you'll likely be right, based on trends I'm watching AND my gut. Just not willing to commit like you did
It's hard to explain why I made the prediction(s) I made.
I'm not always right but seems like I've been quite right recently.
Once you get a "pulse" on a market you keep up to date on it and then you own it.
Others who have done well will say the same thing. A lot of it has to do with gauging sentiment and that is not a straight forward metric to be put into a simple explanation.
Fair enough. I can see some measurable trends, but the ones that are currently "wildcards" seem the most likely to push it up. And there are several. Destabilizing fiat currencies being one of them, wider adoption of bitcoin evolving as we look on, these are good for a modest rise. I think a good POS payment system is the one that will break the cycle seriously upwards, and I think it's coming. I don't have any information on that, it's just such an obvious step.
Careful.
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year Technically...
As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year
Technically...As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
lol Yes and pigs fly for 0.0000001 seconds when they jump.
Over the next 10 months I can see the price touching $5000 but I doubt it would go to $200 shortly thereafter.
I would think they'd fly a bit longer than that... And when they suit up and get in helicopters. Oh, wait, you meant actual pigs. Or did you
Anyway, on a slightly more serious note, do you base your prediction on anything in particular, or just guts? FWIW, I think you'll likely be right, based on trends I'm watching AND my gut. Just not willing to commit like you did
It's hard to explain why I made the prediction(s) I made.
I'm not always right but seems like I've been quite right recently.
Once you get a "pulse" on a market you keep up to date on it and then you own it.
Others who have done well will say the same thing. A lot of it has to do with gauging sentiment and that is not a straight forward metric to be put into a simple explanation.
[...]
Anyway, on a slightly more serious note, do you base your prediction on anything in particular, or just guts? FWIW, I think you'll likely be right, based on trends I'm watching AND my gut. Just not willing to commit like you did
Anyway, on a slightly more serious note, do you base your prediction on anything in particular, or just guts? FWIW, I think you'll likely be right, based on trends I'm watching AND my gut. Just not willing to commit like you did
Well, if you're talking about commitment, he isn't the one willing to bet his girlfriend on it...
[...]
Anyway, on a slightly more serious note, do you base your prediction on anything in particular, or just guts? FWIW, I think you'll likely be right, based on trends I'm watching AND my gut. Just not willing to commit like you did
Anyway, on a slightly more serious note, do you base your prediction on anything in particular, or just guts? FWIW, I think you'll likely be right, based on trends I'm watching AND my gut. Just not willing to commit like you did
Well, if you're talking about commitment, he isn't the one willing to bet his girlfriend on it...
Careful.
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year Technically...
As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year
Technically...As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
lol Yes and pigs fly for 0.0000001 seconds when they jump.
Over the next 10 months I can see the price touching $5000 but I doubt it would go to $200 shortly thereafter.
I would think they'd fly a bit longer than that... And when they suit up and get in helicopters. Oh, wait, you meant actual pigs. Or did you
Anyway, on a slightly more serious note, do you base your prediction on anything in particular, or just guts? FWIW, I think you'll likely be right, based on trends I'm watching AND my gut. Just not willing to commit like you did
Careful.
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year Technically...
As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year
Technically...As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
lol Yes and pigs fly for 0.0000001 seconds when they jump.
Over the next 10 months I can see the price touching $5000 but I doubt it would go to $200 shortly thereafter.
Careful.
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year Technically...
As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
Smoothie carefully said "would touch $5000 before..."
Meaning it could hit $5,000 for five minutes sometime in the next 10 months then skydive to $200 for the entire rest of the year
Technically...As for mainstream copying Bitcoins functionality easily and outdoing it ... lets just be thankful that every day that passes, builds more power into Bitcoin being "the one" even if the Govt makes a copy later.
Every day that goes by: more name recognition, more adoption, more businesses building their operations around Bitcoin specifically, more infrastructure being formed around Bitcoin.
If that goes on long enough, by the time the Govt/Banks create a clone for their systems, it won't matter.
-B-
5 percent of the population... That's huge. If it gets there, I think 50k would be more realistic. You're talking like the entire popluation of the Americas there...
EDIT. I got beat
EDIT. I got beat
I wouldn't be surprised to see 5k a coin if:
- winklevoss ETF is approved
- US government approves BTC as some type of legal tender
- Wider adoption (specifically sites like amazon google facebook etc...)
- 5% of the worlds population uses it.
- winklevoss ETF is approved
- US government approves BTC as some type of legal tender
- Wider adoption (specifically sites like amazon google facebook etc...)
- 5% of the worlds population uses it.
I think 1% would take BTC to $50,000 easily. 5% is huge.
Very true....perhaps 5% of the US population.
I wouldn't be surprised to see 5k a coin if:
- winklevoss ETF is approved
- US government approves BTC as some type of legal tender
- Wider adoption (specifically sites like amazon google facebook etc...)
- 5% of the worlds population uses it.
- winklevoss ETF is approved
- US government approves BTC as some type of legal tender
- Wider adoption (specifically sites like amazon google facebook etc...)
- 5% of the worlds population uses it.
I think 1% would take BTC to $50,000 easily. 5% is huge.
I wouldn't be surprised to see 5k a coin if:
Go on...
Sorry, somehow I managed to post before i was done....
I wouldn't be surprised to see 5k a coin if:
Go on...
I wouldn't be surprised to see 5k a coin if:
- winklevoss ETF is approved
- US government approves BTC as some type of legal tender
- Wider adoption (specifically sites like amazon google facebook etc...)
- 5% of the worlds population uses it.
- winklevoss ETF is approved
- US government approves BTC as some type of legal tender
- Wider adoption (specifically sites like amazon google facebook etc...)
- 5% of the worlds population uses it.
I doubt it but we will see
I think 5000$ are possible. It depends on the news(= adoption fpr good news). There will be no technical problems, and the problems with exchanges will lose impact. The biggest rsik factors are the goverment regulations and people losing coins through scam or hacking.
I am not sure about that. Litecoin has a big community and reputation. But only little innovation over Bitcoin. Otherwise Dogecoin has no innovations and just behind PPC.
How are the chances, that another altcoin becomes the #2 with >5% of Bitcoins market cap?
I would say 10K USD / BTC.
But LTC will still see higher returns.
I expect LTC/BTC ratio to touch 0.1 atleast once under 2014.
But LTC will still see higher returns.
I expect LTC/BTC ratio to touch 0.1 atleast once under 2014.
I am not sure about that. Litecoin has a big community and reputation. But only little innovation over Bitcoin. Otherwise Dogecoin has no innovations and just behind PPC.
How are the chances, that another altcoin becomes the #2 with >5% of Bitcoins market cap?
I would say 10K USD / BTC.
But LTC will still see higher returns.
I expect LTC/BTC ratio to touch 0.1 atleast once under 2014.
But LTC will still see higher returns.
I expect LTC/BTC ratio to touch 0.1 atleast once under 2014.
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