Chances for a 10x price this summer | Bitcointalksearch.org

redhawk979

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Quote from: Torque on June 16, 2014, 12:13:48 PM

Quote from: redhawk979 on June 16, 2014, 11:44:33 AM

Oh good, another thread predicting 5000+ prices "This Summer ™" based on nothing except "But Bitcoin!". Can we see one of these threads with some actual facts and reasoning to justify these prices other than "Lol srsly totally undervalued cause Bitcoin will save teh world"?

Dude, seriously? Why should the price be at ~$150/btc in Oct 2013, then $1000/btc merely 2 months later? Why should the price be ~$600/btc now instead of still at ~$4/btc as it was 2 years ago? "But Bitcoin!" Yes, that. Bitcoin hasn't fundamentally changed in years, it is still the same. So there are no facts that the "Bitcoin" from 4 years ago is really any different that the "Bitcoin" of today.

Please. Remove. Head. From. Ass. And. Research. Deeper.

"Tis better to be silent and be thought a fool, than to speak and remove all doubt."
-Abraham Lincoln

Because "But Bitcoin!" isn't an answer. WHY does that mean it will be 5k? Financial freedom? Mass adoption by a country? Amazon? Specifics are needed, not HURF DURF BITCOINZ.

ThatDGuy

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Quote from: icey on June 16, 2014, 12:14:23 PM

I could see a 2x realistically nothing much more than that

I don't see 2x as a real landing spot, since that would take us back up to the previous ATH. If that happens this year it would probably take a breakout to get there, and if that happens again we are back in bubble-city baby - destination 3-6k.

bananaControl

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Decentralize All The Things!

Quote from: byronbb on June 16, 2014, 12:21:26 PM

Quote from: bananaControl on June 16, 2014, 09:22:00 AM

Quote from: zimmah on June 16, 2014, 08:51:44 AM

It's not too big a stretch to expect 5000~6000 this summer.

Many have predicted this already, we will see soon if it will happen. Bitcoin is way undervalued at the moment no matter how you put it.

Bitcoin is worth exactly what the market thinks it's worth

Though, as already mentioned I too believe that whales are manipulating the price down and slowly buying up coins in preparation for a future pump. A new all time high of 5000 this summer and then stabilizing at around 2500 this fall would be my guess.

But is the market efficient?

The beauty is that no one even knows

BTCfan1

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I predict 850 by September

byronbb

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HODL OR DIE

Quote from: bananaControl on June 16, 2014, 09:22:00 AM

Quote from: zimmah on June 16, 2014, 08:51:44 AM

It's not too big a stretch to expect 5000~6000 this summer.

Many have predicted this already, we will see soon if it will happen. Bitcoin is way undervalued at the moment no matter how you put it.

Bitcoin is worth exactly what the market thinks it's worth

Though, as already mentioned I too believe that whales are manipulating the price down and slowly buying up coins in preparation for a future pump. A new all time high of 5000 this summer and then stabilizing at around 2500 this fall would be my guess.

But is the market efficient?

icey

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May the coin be with you..

I could see a 2x realistically nothing much more than that

Torque

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Quote from: redhawk979 on June 16, 2014, 11:44:33 AM

Oh good, another thread predicting 5000+ prices "This Summer ™" based on nothing except "But Bitcoin!". Can we see one of these threads with some actual facts and reasoning to justify these prices other than "Lol srsly totally undervalued cause Bitcoin will save teh world"?

Dude, seriously? Why should the price be at ~$150/btc in Oct 2013, then $1000/btc merely 2 months later? Why should the price be ~$600/btc now instead of still at ~$4/btc as it was 2 years ago? "But Bitcoin!" Yes, that. Bitcoin hasn't fundamentally changed in years, it is still the same. So there are no facts that the "Bitcoin" from 4 years ago is really any different that the "Bitcoin" of today.

Please. Remove. Head. From. Ass. And. Research. Deeper.

"Tis better to be silent and be thought a fool, than to speak and remove all doubt."
-Abraham Lincoln

Tzupy

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Speculator fiat pumped the price to 1000+, speculator fiat can also pump the price to 5000+. The problem is where will that fiat come from?

DubFX

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Why should it be so valuable? I think we will be happy if we will see 1000$ this summer.

redhawk979

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Quote from: adamstgBit on June 16, 2014, 11:56:59 AM

Quote from: redhawk979 on June 16, 2014, 11:44:33 AM

Oh good, another thread predicting 5000+ prices "This Summer ™" based on nothing except "But Bitcoin!". Can we see one of these threads with some actual facts and reasoning to justify these prices other than "Lol srsly totally undervalued cause Bitcoin will save teh world"?

bitcoin is changing the world, i can now send 20$ to a friend on the moon for a 5cent fee!
that alone gives it much worth.
10x within 2 year, not unlikely...

Which I agree is a nice thing, but that alone is not any sort of justification for a 5000+ price.

blatchcorn

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Quote from: adamstgBit on June 16, 2014, 11:56:59 AM

Quote from: redhawk979 on June 16, 2014, 11:44:33 AM

Oh good, another thread predicting 5000+ prices "This Summer ™" based on nothing except "But Bitcoin!". Can we see one of these threads with some actual facts and reasoning to justify these prices other than "Lol srsly totally undervalued cause Bitcoin will save teh world"?

bitcoin is changing the world, i can now send 20$ to a friend on the moon for a 5cent fee!
that alone gives it much worth.
10x within 2 year, not unlikely...

That makes me think - bitcoin should be the official currency of space.

adamstgBit

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Trusted Bitcoiner

Quote from: redhawk979 on June 16, 2014, 11:44:33 AM

Oh good, another thread predicting 5000+ prices "This Summer ™" based on nothing except "But Bitcoin!". Can we see one of these threads with some actual facts and reasoning to justify these prices other than "Lol srsly totally undervalued cause Bitcoin will save teh world"?

bitcoin is changing the world, i can now send 20$ to a friend on the moon for a 5cent fee!
that alone gives it much worth.
10x within 2 year, not unlikely...

Tzupy

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Merit: 1094

To enter the mania phase of a new bubble, bitcoin needs more bagholders. Most came from China during November - December 2013.
They will now act as resistance above 800$, because the Chinese exchanges are being starved of new fiat.
Show me another source of new bagholders and I'll believe in a new mania phase. Until then, modest rises, if we are in an uptrend, which is not yet sure.

Arghhh

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Quote from: Arghhh on June 14, 2014, 07:43:21 PM

If the 51% breach is handled convincingly and does no significant damage, then IMO we still are headed for a bubble in the near-future with this wildcard: Bitlicense

http://www.businessinsider.com/new-york-taking-bitcoin-exchange-applications-2014-3

"Lawsky also said the state will issue a final regulatory framework for digital currency businesses no later than Q2 of 2014."

End of Q2 2014 = June 30th, 2014

redhawk979

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Activity: 271

Merit: 250

Oh good, another thread predicting 5000+ prices "This Summer ™" based on nothing except "But Bitcoin!". Can we see one of these threads with some actual facts and reasoning to justify these prices other than "Lol srsly totally undervalued cause Bitcoin will save teh world"?

piramida

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Borsche

Quote from: Asrael999 on June 16, 2014, 08:33:28 AM

chance of a 10x rise before the end of September remains between slim and none.

i bet you also said something like this in june 2013 when you joined, right?

podyx

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A realistic price of bitcoin is $100k-$5mil when it's fully adopted

If it's fully adopted in 10 years, we better get started now
I do expect $6k sometime in august or september

bananaControl

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Decentralize All The Things!

Quote from: zimmah on June 16, 2014, 08:51:44 AM

It's not too big a stretch to expect 5000~6000 this summer.

Many have predicted this already, we will see soon if it will happen. Bitcoin is way undervalued at the moment no matter how you put it.

Bitcoin is worth exactly what the market thinks it's worth

Though, as already mentioned I too believe that whales are manipulating the price down and slowly buying up coins in preparation for a future pump. A new all time high of 5000 this summer and then stabilizing at around 2500 this fall would be my guess.

zimmah

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It's not too big a stretch to expect 5000~6000 this summer.

Many have predicted this already, we will see soon if it will happen. Bitcoin is way undervalued at the moment no matter how you put it.

Asrael999

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chance of a 10x rise before the end of September remains between slim and none.

Topic: Chances for a 10x price this summer (Read 1945 times)