How high will BTC go in the next bull run.

boumalo

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Quote from: bigdave on April 24, 2014, 11:04:18 AM

http://www.coindesk.com/xapo-launches-bitcoin-debit-card-accepted-at-all-mastercard-locations/

After reading this I'm pretty excited.

Wow an other bullish news in a kind of bearish market, bearish short term but bullish long term

pinksheep

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Yes, sounds good, I hope it boosts the number of bitcoin users.

bigdave

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http://www.coindesk.com/xapo-launches-bitcoin-debit-card-accepted-at-all-mastercard-locations/

After reading this I'm pretty excited.

600watt

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next peak will be either in 2014 around 4500 or - if it happens in 2015 it will rise to 8500.

yayayo

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Quote from: BitChick on April 23, 2014, 04:53:14 PM

Quote from: Bit_Happy on April 23, 2014, 04:28:41 PM

Quote from: Chalkbot on April 23, 2014, 04:24:36 PM

Quote from: BitChick on April 23, 2014, 04:19:41 PM

Quote from: yayayo on April 23, 2014, 01:56:09 PM

Quote from: pinksheep on April 23, 2014, 12:45:08 PM

It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.

Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed.

ya.ya.yo!

When has Bitcoin hovered around any number for a year or more? I think the odd of that happening are pretty low. Wink

I remember it happening for about that long in 2011/2012. You were probably being rhetorical, though.

BTC was in the ~$5 to $7 range for a long time after the low of $1.9998.
I don't remember exactly how long.

I guess it could happen. But we have more "players in the game" now. I would think it would be harder now than it was then to plateau for so long. Plus we have some big "players" entering the field in a few months, so it appears.

The past is not always a perfect predictor of the future. If it would be then the term "speculation" would not exist. You have to acknowledge the fact that with each increase in price further increases of comparable magnitude are harder to achieve because a lot more capital is needed.

We are in the billions already. It's possible for Bitcoin to rise much higher however it will do so at an overall reduced velocity.

ya.ya.yo!

makngeerwork

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???

Hmm... next bull run I would be looking at 1,800-2,200 area.

T.Stuart

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Quote from: lonely@thetop on April 24, 2014, 03:03:48 AM

What do you think will cause the next spike?

I think that the pattern seen with Bitcoin so far is not fundamentally based on particular "saviour" events coming along and causing massive spikes; it is more a case of the cumulative effect of people hearing about, learning about, and joining the ecosystem. The relatively complicated nature of Bitcoin technology, the host of associated security problems (ironically none of them really to do with the Bitcoin protocol itself), etc. make for an extremely extended and slow adoption rate, even though this is enough still to result in massive price increases.

As the positive feedback loop strengthens enough to push the uptrend, any news that happens to be around at the time and loosly fits the bill can get picked up on as "the" cause of the spike. Look back at Bitcoin history. People say one of the previous spikes was caused by people in Cyprus investing in Bitcoin. That's nonsense.

But anyway, to answer your question without being too pedantic, I think simple adoption will cause the next spike, and that most of it may come, on this occasion, from good old America!

Stevenrm87

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$6,000 per BTC . Easily

lonely@thetop

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Quote from: T.Stuart on April 24, 2014, 02:22:48 AM

Quote from: johnyj on April 23, 2014, 05:32:43 PM

Bitcoin will still be hard to use for non-IT people...

This is one of the elements that contributes to the powerful "bubble" nature of Bitcoin - it acts as a barrier to entry which actually gives speculators plenty of time to get on board the train (something many only see with hindsight).

I think the next high will be around $3,600, sometime before the end of the year.

What do you think will cause the next spike?

T.Stuart

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Quote from: johnyj on April 23, 2014, 05:32:43 PM

Bitcoin will still be hard to use for non-IT people...

This is one of the elements that contributes to the powerful "bubble" nature of Bitcoin - it acts as a barrier to entry which actually gives speculators plenty of time to get on board the train (something many only see with hindsight).

I think the next high will be around $3,600, sometime before the end of the year.

YipYip

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Quote from: TERA on April 23, 2014, 10:26:33 PM

If this ends up being a 2011-like bear market, then the next bull run may not set new ATHs, but may be a recovery rally, perhaps from $200 to $500. Then 8 months later another recovery rally to $900, Then 8 months after that, a rally that breaks ATH.

And pigs may fly.... bitcoin waiting around for the ~ 2 years that you talk about ...

3 months is a long long time in crypto

counter

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Time is on our side, yes it is!

I'm gonna go with 1500 - 1700 $ it just seems like a safe bet to me. I can see it going higher but I don't have any real reason for this. If there is more growth among users then I could be way off and I hope I will be.

TERA

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If this ends up being a 2011-like bear market, then the next bull run may not set new ATHs, but may be a recovery rally, perhaps from $200 to $500. Then 8 months later another recovery rally to $900, Then 8 months after that, a rally that breaks ATH.

Bit_Happy

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A Great Time to Start Something!

Quote from: johnyj on April 23, 2014, 05:32:43 PM

Bitcoin will still be hard to use for non-IT people, it does not matter what kind of security measure you have setup, as long as people don't understand how private key works (which is the most difficult part), they will get hacked sooner or later

The hope is on professional services. Experienced bitcoiner can become tomorrow's bitcoin fund manager, many bitcoiners will become private fund manager for their relatives and friends

Price can go very high, there are trillions of dollars that commercial banks stored at Federal reserve right now (because of large inflow of QE money), they just need one green signal to flood the exchanges

Daily inflow of fiat money decide exchange rate, daily coin supply is about 5000 coins, if daily inflow of fiat money worldwide is 5 million dollars, then the exchange rate will be $1000

1 trillion dollars of QE money is able to maintain 1000 days of money inflow at a rate of 1 billion dollars per day, that will keep the exchange rate at $200K for almost 3 years Cool

OK, sounds great.
What happens after $200K/BTC for almost 3 years?

johnyj

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Beyond Imagination

Bitcoin will still be hard to use for non-IT people, it does not matter what kind of security measure you have setup, as long as people don't understand how private key works (which is the most difficult part), they will get hacked sooner or later

The hope is on professional services. Experienced bitcoiner can become tomorrow's bitcoin fund manager, many bitcoiners will become private fund manager for their relatives and friends

Price can go very high, there are trillions of dollars that commercial banks stored at Federal reserve right now (because of large inflow of QE money), they just need one green signal to flood the exchanges

Daily inflow of fiat money decide exchange rate, daily coin supply is about 5000 coins, if daily inflow of fiat money worldwide is 5 million dollars, then the exchange rate will be $1000

1 trillion dollars of QE money is able to maintain 1000 days of money inflow at a rate of 1 billion dollars per day, that will keep the exchange rate at $200K for almost 3 years Cool

btcgoldsilver

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Bitcoins Gold Silver

at about $4000 we'll be like woah thats mental it can't keep going up, but it'll keep going then at $12000 we'll be going holy shit its gonna go to $200000 but then it will collapse down to about $6000 and we'll be going shit its the end of bitcoins its going down to $0 but then it'll stablise about $5000 for about half ayear and stuff then it will happen again at higher level. Booms will keep going for a while yet

BitChick

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Quote from: Bit_Happy on April 23, 2014, 04:28:41 PM

Quote from: Chalkbot on April 23, 2014, 04:24:36 PM

Quote from: BitChick on April 23, 2014, 04:19:41 PM

Quote from: yayayo on April 23, 2014, 01:56:09 PM

Quote from: pinksheep on April 23, 2014, 12:45:08 PM

It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.

Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed.

ya.ya.yo!

When has Bitcoin hovered around any number for a year or more? I think the odd of that happening are pretty low. Wink

I remember it happening for about that long in 2011/2012. You were probably being rhetorical, though.

BTC was in the ~$5 to $7 range for a long time after the low of $1.9998.
I don't remember exactly how long.

I guess it could happen. But we have more "players in the game" now. I would think it would be harder now than it was then to plateau for so long. Plus we have some big "players" entering the field in a few months, so it appears.

Bit_Happy

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Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Chalkbot on April 23, 2014, 04:24:36 PM

Quote from: BitChick on April 23, 2014, 04:19:41 PM

Quote from: yayayo on April 23, 2014, 01:56:09 PM

Quote from: pinksheep on April 23, 2014, 12:45:08 PM

It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.

Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed.

ya.ya.yo!

When has Bitcoin hovered around any number for a year or more? I think the odd of that happening are pretty low. Wink

I remember it happening for about that long in 2011/2012. You were probably being rhetorical, though.

BTC was in the ~$5 to $7 range for a long time after the low of $1.9998.
I don't remember exactly how long.

boumalo

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Activity: 1918

Merit: 1018

Quote from: yayayo on April 23, 2014, 01:56:09 PM

Quote from: pinksheep on April 23, 2014, 12:45:08 PM

It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.

Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed.

ya.ya.yo!

I would bet it will not hover around 400-500 for 3months, it was at 350 a few weeks ago, remember? If it was at 3000$ for 2weeks you would say it is going to hover between 2900 and 3100 for another year or more

Quote from: Bit_Happy on April 23, 2014, 03:19:23 PM

Quote from: yayayo on April 23, 2014, 01:56:09 PM

Quote from: pinksheep on April 23, 2014, 12:45:08 PM

It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.

Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed.

ya.ya.yo!

A sideway trend with low volatility is boring, but can be really healthy long-term.

The price volatility has been excellent for Bitcoin because it has attracted a lot of people that want to profit from it + it is fun like you said

BitchicksHusband

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Hey. Honest question. Honest answer. Thanks for that.

Topic: How high will BTC go in the next bull run. (Read 4048 times)