I don't get who is going to keep buying these bitcoins to push the price that high.
That's what people said at $1, then at $10, and then they said it again at $100.. well you get the picture.
Topic: Four Charts That Suggest Bitcoin Value Could Be At 10,000 USD Next Year - page 2. (Read 3298 times)
June 27, 2014, 07:20:39 AM
That's what people said at $1, then at $10, and then they said it again at $100.. well you get the picture.
June 27, 2014, 07:05:05 AM
Well i was expecting bitcoin to reach much higher values this year judging from its previous year performances.
Oh darn, the get rich quick scheme failed. Better luck next year!
I only wrote that comment because i was getting paid for every post i write due to the advertisement in my sig which i just took off now cause it may cause me to write about shit I don't care about.
June 27, 2014, 05:57:47 AM
Well i was expecting bitcoin to reach much higher values this year judging from its previous year performances.
Oh darn, the get rich quick scheme failed. Better luck next year!
it didn't, i have made multiples from my initial investment.
June 27, 2014, 04:42:51 AM
Well indeed. The price has been moving almost nowhere for a month now. Such an instant rise would be bad as well.
I'd rather see a daily growth of around 5%.
I'd rather see a daily growth of around 5%.
You realize if you start at $570 and compound 5% daily for 1 year the total is $29,429,285,427.97 right?
I'm saying that a daily growth of 5% is way better than 55555% in a day.
June 27, 2014, 04:41:12 AM
They are at Google Trends 
June 27, 2014, 04:36:06 AM
I don't get who is going to keep buying these bitcoins to push the price that high.
The only way we'd reach 10K by next year would be by having a hyperinflationary bubble such that as the price increases speculators get excited and demand more leading to an increase in price once more. However, this case is so unlikely, I personally think we'd be lucky to get back to 1K again.
I'd rather see a daily growth of around 5%.
You realize if you start at $570 and compound 5% daily for 1 year the total is $29,429,285,427.97 right?
June 27, 2014, 03:52:17 AM
I don't get who is going to keep buying these bitcoins to push the price that high.
The only way we'd reach 10K by next year would be by having a hyperinflationary bubble such that as the price increases speculators get excited and demand more leading to an increase in price once more. However, this case is so unlikely, I personally think we'd be lucky to get back to 1K again.
I'd rather see a daily growth of around 5%.
June 27, 2014, 03:43:31 AM
Well I think last year, was a bit of a bubble. 
But investors tend to run to a more stable environment, when fiat currencies goes flat. So in the long run a more stable rate, would be better.
If fiat currencies should drop, and all indication are, that the stimulation of currencies, cannot be sustained, we would see traders, going the way of commodities, which is stable, eg. Gold etc.
It would be better, if we have a steady increase over a long period, rather than great fluctuation over short periods. {If you look at the bitcoin graphs, since 2009, it's still going upwards.}
We will see some spikes, when bigger companies adopt BTC but thats just demand for BTC increasing.
Having $10 000 US by next year, based on last years performance, imo is wishfull thinking. But I would not have predicted last years record highs either. {traditional trader}
But investors tend to run to a more stable environment, when fiat currencies goes flat. So in the long run a more stable rate, would be better.
If fiat currencies should drop, and all indication are, that the stimulation of currencies, cannot be sustained, we would see traders, going the way of commodities, which is stable, eg. Gold etc.
It would be better, if we have a steady increase over a long period, rather than great fluctuation over short periods. {If you look at the bitcoin graphs, since 2009, it's still going upwards.}
We will see some spikes, when bigger companies adopt BTC but thats just demand for BTC increasing.
Having $10 000 US by next year, based on last years performance, imo is wishfull thinking. But I would not have predicted last years record highs either. {traditional trader}
June 27, 2014, 03:19:23 AM
Bitcoin price does not follow chart(s) but market.
June 27, 2014, 03:17:02 AM
Well i was expecting bitcoin to reach much higher values this year judging from its previous year performances.
Oh darn, the get rich quick scheme failed. Better luck next year!
June 27, 2014, 03:15:38 AM
I don't get who is going to keep buying these bitcoins to push the price that high.
The only way we'd reach 10K by next year would be by having a hyperinflationary bubble such that as the price increases speculators get excited and demand more leading to an increase in price once more. However, this case is so unlikely, I personally think we'd be lucky to get back to 1K again.
June 27, 2014, 03:10:36 AM
I don't get who is going to keep buying these bitcoins to push the price that high.
The Chinese speculators were crazy to push the price as high as ＄1163 in 2013. Then the speculation was oppressed down and the price declined to ＄400. Until now the price bounce back too ＄570. It is more stable now. I think most of the people who have bought BTC now have faith with BTC and want to invest into it. June 27, 2014, 02:54:43 AM
I don't get who is going to keep buying these bitcoins to push the price that high.
me
June 27, 2014, 02:45:47 AM
I don't get who is going to keep buying these bitcoins to push the price that high.
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