Topic: Is it possible that 1 BTC be worth $2,000 by the end of 2015? - page 13. (Read 26040 times)
September 07, 2014, 11:47:01 PM
BTC/EUR on BTC-e reached 3200 EUR just yet!
September 07, 2014, 11:25:06 PM
Bitcoin is now what? $470? Is it possible that bitcoin will reach that kind of worth a year and half from now?
Not possible. Maybe twice it is today. But not $2k
September 05, 2014, 12:21:55 PM
Yep, 2020 will be key, total consolidation from BTC, lots of suicides of non buyers, or total fail, we'll see.
September 05, 2014, 11:55:41 AM
just don't buy too much that you can't hold until 2020. that's my outer bound. we'll know for sure by then and it's highly likely Bitcoin will be considered a great success by that time.
September 05, 2014, 11:49:22 AM
Im holding for sure across xmas eve.
September 05, 2014, 11:29:34 AM
There were too many great news in the last months, the price must rise in the next weeks in my opinion.
September 05, 2014, 11:24:47 AM
Possible? Definitely! If you asked people in February 2013 if it was possible or probable that Bitcoin was worth $1000 in December 2013, they'd send you straight to the loony bin! But it happened. A crazy increase! And a 4- or 5-fold increase over the course of more than a year is possible with Bitcoin!
This is exactly why it WON'T happen. Most people bought bitcoin in February 2013 or earlier because merchant adoption hadn't happened yet, and there was a lot of hype about it happening and bitcoin going mainstream soon after. Those early adopters wanted to see what it was all about, but deep down didn't expect huge gains and were just interested in the potential. Most of them just tested the waters by investing a few hundred dollars at most.
Now all we hear is,
"When will bitcoin hit X amount of money?"
"Should I go all in?"
There is nothing particularly interesting to look forward to anymore. There was a lot of support behind bitcoin in 2013, but now the momentum is gone. Yes, there is the ETF, but that is not a bitcoin development, it's just another way for people to invest. But if they wanted to invest, they would have already invested!
Now, it's just become a get rich scheme. The public has decided they don't need bitcoin, so now it's a bunch of bag holders with big dreams and nothing to back it up. $1,000 will never happen again, my friends. It's over!
Bitcoin is an incredible emergence. In spite of its technical elegance and originality it is still a form of money. Most people have invested fiat money to obtain bitcoin money with the knowledge that it will probably be worth more in the future. That was true in the early years when bitcoin lacked utility, just as it remains true now. Looking back through old forum threads people like you have been announcing the end of bitcoin since 2011. You were wrong then and you are likely wrong now.
Bitcoin at $1000 dollars will never happen again? LOL. Tell that to the VC's pouring hundreds of millions into bitcoin right now. Tell that to the huge companies, merchants and payment processors integrating bitcoin this year. A small number of bitcoins trade on exchange to determine the price. Supply will be constrained by the block halving in 2016. The exchange traded fund COIN will open up bitcoin to a vast swathe of capital seeking gains in a ZIRP to infinity environment. Looks like a perfect storm to me - it is not a matter of if there will be another bubble, simply when.
A relatively small amount of capital can start the next bull run at will. My guess is that once the SEC leaks the opening of COIN to insiders we will see some major volatility on exchanges followed by a few months of incredible growth as a new asset class enters the investment world.
No not exciting at all you tiresome troll..
September 05, 2014, 10:11:06 AM
Possible and difficult too, I am hoping for that to happen.
September 05, 2014, 10:04:27 AM
$2000 will be a low value for bitcoins next year, with the incoming halving the price will skyrocket.
When is the incoming halving due to happen?
As for the http://bitcoinclock.com/ Bitcoin Clock
Reward-Drop ETA: 2016-08-05 06:00:20 UTC (100 weeks, 20 hours, 10 minutes)
But it keep a 600 seconds/block mean interval, where we are at least 10% faster (540-480 seconds intervals)
This imply not 100 weeks but 80-90 weeks ---> End of May 2016 or earlier.
This keep inflation as much as higher 10-10% higher than the design.
Last week, the weekly (projected to 52 weeks - ~one year) inflation was 13.08% instead of 9.94%
If it kept this rate halving would happen in 70 weeks (around February 2016) but it is very improbable.
It seems the awareness of the next halving is quite low. As it increases, and as we get 6-9 months out from it I think the awareness will increase quite a lot, then that will be another impetus for people to buy before the "new supply" is cut in half. We are still maybe 20+ months out until the next halving depending on hash rate increases, so not many people are looking at it yet. As you said, Feb 2016 seems unlikely, but a year from now I think many more people will be aware of it.
The first halving seemed to be pretty anti-climatic, but things are much different now. Obviously merchant adoption going forward is key, the ETFs, and other uses will also be important too, not just halvings, but it is a big factor.
September 05, 2014, 09:11:51 AM
It's unlikely that 1 btc will be worth $2000 simply because it will be worth at least $6000 by the end of the next year.
September 05, 2014, 08:54:41 AM
Bitcoin is now what? $470? Is it possible that bitcoin will reach that kind of worth a year and half from now?
I am 99.99% sure it will be 2k USD at least at some point in next 1.5 years.
September 05, 2014, 07:27:38 AM
Of course, why not? Just look at how volatile it has been since it was created. We could also see a $30 price by then, of course, it depends on how the demand for it changes.
September 05, 2014, 01:20:32 AM
We will see 10k $ next year.
Quote me.
Quote me.
Quoted. And I will remember to call you out
If we don't even see $2K by end of 2015 then we might be fucked
Why is that? Hmmm.. what makes bitcoin go up and what makes it drop?
September 04, 2014, 09:30:10 PM
Possible - Yes.
Probable - No.
Probable - No.
September 04, 2014, 09:20:09 PM
Not anymore, bitcoin has been dropping and dropping each week. $200 by 2015 is a closer prediction..
September 04, 2014, 12:56:45 PM
We will see 10k $ next year.
Quote me.
Quote me.
Quoted. And I will remember to call you out
If we don't even see $2K by end of 2015 then we might be fucked
September 04, 2014, 12:34:02 PM
In 2015 the price will hit a new all time high so it's really possible that 1 BTC will be $2000 or more.
September 04, 2014, 11:21:15 AM
Look at the current price spike on Bitstamp and stop with worries... 
September 04, 2014, 11:01:32 AM
No way, we will stay at this level. There won't be any recovery nor will we go down from here!
September 04, 2014, 10:27:41 AM
$2000 will be a low value for bitcoins next year, with the incoming halving the price will skyrocket.
When is the incoming halving due to happen?
As for the http://bitcoinclock.com/ Bitcoin Clock
Reward-Drop ETA: 2016-08-05 06:00:20 UTC (100 weeks, 20 hours, 10 minutes)
But it keep a 600 seconds/block mean interval, where we are at least 10% faster (540-480 seconds intervals)
This imply not 100 weeks but 80-90 weeks ---> End of May 2016 or earlier.
This keep inflation as much as higher 10-10% higher than the design.
Last week, the weekly (projected to 52 weeks - ~one year) inflation was 13.08% instead of 9.94%
If it kept this rate halving would happen in 70 weeks (around February 2016) but it is very improbable.
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