Topic: Is it possible that 1 BTC be worth $2,000 by the end of 2015? - page 7. (Read 26050 times)

What are you guys saying about this https://www.tradingview.com/v/eW4PGnUW/

According to that one, we could be at $2000 by the end of next year.

1K price by end of next year is possible and probable with current market demands.
IF we have luck maybe will pass and 2K but that is just luck.

We will love to see this to go over 1000$ i think it might just stay there if passes 1K this time.

The Dollar is losing value every year and is likely to lose it at a faster pace in the near future. In that environment, Bitcoin is a digital safe heaven.

We don't need everyone to use bitcoin in order for it's value to increase. All that really matters is that overall adoption increases.

I think so. If the graphs i've seen are correct, whe should be around 1.500-2.000 next year by this time.

1.Adoption, reward halv
2.Financial crisis
3.You can launder money with anything including Bitcoin, some governments are open to Bitcoin

You got it there.
Still not end of this year but who nows what will occur in next month or next year.

From your mount to god ears if this happens.
Still good assumption on price.

1. Not enough fundamental to support the price.
2. Never.
3. All governments which catch money launderers.

1.not all people
2.there may be in 2015
3.not all governments

I think 1 BTC only worth $1,500 by the end of 2015, why ?
1. As long some people only use bitcoin to get more fiat the price won't reach too high
2. There aren't any news (for now) that can increase bitcoin price
3. As long government said bitcoin is bad/not money some people won't use bitcoin

The truth is that its very difficult to tell at the moment. We know it won't by 2014 but who knows what will happen in another year.

My guess is probably no.

According to my simplistic model (https://bitcointalksearch.org/topic/non-spreadsheet-long-term-predictions-600802), by the end of 2015, we will likely be over 3,000. Though if things go bad, we could still be where we are right now.

The mining reward halt, growing adoption and running inflation will help us go to 2000$ then higher, probably in 2015

No , I think it's not possible maybe the next year.

No. Only one thing is possible. This truth is valid both for the past and for the future. There is only one past and one future.

Anything is possible with bitcoin give the past history. I am hearing lots of chatters around the forum that it might spike in the next month to reach 1000.

I would say it would be possible but we will just have to wait and see. I think most probably it will go up to atleast a 1000 by the end of the year 2015.

The "steady state" price is based upon market cap and demand, which will be the ultimate goal.

However, the speculative part (which has to end one day, and whose sole basis is exactly the non-speculative steady-state outcome) will try to anticipate this.

See it as such, a gedanken experiment:
suppose nuclear power reactors don't exist yet, but the principles are known, and people propose to make them.  Uranium, its fuel, which has no specific value for anything else than nuclear power reactors (say, in this gedanken experiment), has no actual market demand.  Its "steady state" demand right now is essentially zero.  However, the steady state demand for uranium in 20 years, when there will be potentially a strong demand for it, will be high.  If there were no speculation, uranium would be cheap, until such power reactors are build everywhere, and one starts needing it as fuel, and then the price will rise (S-type curve).  Suppose that the demand for usage today for uranium is so low that its market price should be, if only depending on that usage, $1,- per kilogram.  However, suppose that once there are 3000 power plants powering all of the world, the demand for a kilogram of uranium would be $ 10 000,- per kilogram.  Without speculation, the price will remain $1,- until the reactors are there, and will then suddenly jump up to $ 10 000,-.

In reality, the price will not stay $1,- until those reactors are build.  People wanting to be smart, will try to buy uranium now, at $ 1,-, and will try to sell it 20 years from now at $ 10 000,-.  That will increase demand NOW, until the market price is such that speculators are not willing to take the risk anymore of buying uranium for much more than $ 1000,- if they think it has less than 10% chance for the scenario to come out and for uranium to be $ 10 000,-.  So the price will then rise NOW ALREADY to $ 1000,-, anticipating the future 'steady state' price of $10 000,-.

The difference comes from 1) the desire to still make a buck (for less than a factor of 10, speculators won't take the risk), 2) the probability people think it will work out or it will fail  3) risk aversion.

But the price right now will already contain everything one can reasonably expect for the future.  In the end, though, the future "steady state" price, when there is no significant speculation (to the moon) anymore, is the fundamental on which the current price is already based (together with probability of failure, risk aversion, and desire for profit).

If you "believe strongly in nuclear power" then you are willing to buy uranium at a higher price, than people being sceptical of it.  The average weighted expectation (with your money where your mouth is) determines current market prices in a speculative market.

Once speculation (to the moon) is over, the "steady state" price is determined by the fundamental of the market.  In advance, it is determined by the speculative expectation of that fundamental.