Topic: Let's predict the end point of bitcoin~ (Read 1120 times)

I believe that bitcoins will continue to increase in price for maybe another month. Then, at about $1750-$2000, bitcoins will crash down to somewhere between $25-$100 and the only people that make huge profit from selling will be the people the started selling their whole wallets causing the price to drop. From there, most people will lose interest in bitcoins, thinking that "they'll never be like they used to be", but there will still be people with faith who continue mining or something. Then the cycle will continue and we'll be back to where we are now until we reach the maximum amount of bitcoin.

I don't think it will crash at all because now it is approaching wide spread adoption.
I do think another digital currency will overtake it soon.

End point for bitcoin doesnot exist, because USD is inflationary and bitcoin deflationary. Bitcoin will always rise in USD value even if only by USD inflation

I think it will go up to $2,000 by the end of the year, and the drop to around $1,500 and then proceed to go up later in the year.

Well this is a wild guess because we are at 1200 now. In order for bitcoin to not pass the 2k mark terrible things must happen 

The fact that BTC was worth less than 10 USD a year ago and that it's pretty much worth over a 1000USD right now makes it all unpredictable imo.

I'm new to bitcoin, but based on what I know of economics at large, it all comes back to supply and demand. The supply is running out fast, in the sense that mining seems to become less and less cost effective (I've been told). The demand is the big question mark.
I would argue that the value of bitcoin is mostly speculative. People are interested in it either because they think it's going to catch on as a major currency (where it's actually practical to buy stuff with it), or they expect to be able to trade it for more fiat currency than they paid for it (an investment).

All major currencies today, and indeed corprate stocks as well, are built on percieved value. I can go to a store a trade a $5 bill for a roll of toilet paper, because me and the business and the girl at the checkout counter all agree to "pretend" that that green slip of paper is worth something.

A bubble pops when enough people (or a few wealthy people) stop believing the given commodity is worth as much as has been previously accepted. They cash out, and the value tanks. In the late 1920s the US stock market crashed because enough people realized the prices were artificially inflated far above their actual value. Same with the .COM bubble of the 90s, and the housing market crash just a few years ago.

The thing that makes Bitcoins a little harder to predict, is that their value isn't really tied to any real world object (IE- the value of a single company, as with stocks). It's speculative. It based on an assumption that other people will accept that a coin is worth more than we paid, just as we accepted it's worth more than our bitcoin forefathers paid. Or else that the market stabalizes and it becomes a practical online currency. (The big picture idealists.) 

Here's my prediction: We'll end up with a major cryptocurrency and a major cryptocommodity.  It will be hard for bitcoin to be both.

The price run-up continues, and the scarce, deflationary nature of Bitcoin forces it in to a role of a highly liquid store of value and investment, rather than an everyday currency.  Spending bitcoin is essentially selling an investment with a history of extraordinary positive return, (and, yes, a vote that it can work as a currency).  The more people that are greedy for deflation, the more we move toward tulip mania terrirory.  The analogy is unfair, but I don't think we're quite there yet, although the recent rise in altcoins suggests to me that it's starting to happen.

Another coin which, by design, maintains stable value no matter what happens with its fiat value or mining network, could be much more useful as a medium of everyday exchange.  You don't want to worry about bubbles and crashes when you're buying toilet paper, and that's how I feel when I think about spending Bitcoin.  Holding has just been too good to me since $160/BTC.

If we are talking about 20 years, somewhere between 1-10 million USD/BTC

It is all about infrastructure (Bitcoin ATMs), and Bitcoin overtaking western union, paypal and other web payment systems.

No... That would mean bitcoin is finally stablizing, which can be good and bad.  To me, it's good, because I wouldn't have to stare at the exhanges 24/7.

  12,000,000 coins out and about  9,000,000 left to find.  
  at   1,100 a coin the value of coins out and about = 13.2 billion
  at  10,000 the value is   120 billion.
  at 100,000 the value is   1.2 trillion   this is a very high amount of money.
  at 1,000,000 the value is 12 trillion usd   I can't see this happening .  too big almost 60% of the entire USA national debt.

I can see 10k a coin as 120 billion in worth  is about that of a top company   which with a widespread  net work can be true for BTC.    BTC has a weakness right now cex.io is fucking huge.   If they go poof BTC would take a big hit.

It's already surpassed the 1.5bn Ebay paid for PayPal

The next target is the Visa Card Network which would value Bitcoin at about $6000

We got to get people spending the coins though and build an economy. www.takeaway.com

Spread the word about www.BitPay.com to store owners if you want to see Bitcoin pass Visa.

Tell them you just pay for stuff using your mobile phone.
https://play.google.com/store/apps/details?id=de.schildbach.wallet

Eventually people will get it.

Check out this video: http://www.youtube.com/watch?v=qHUPPYzzZrI

The End Is Nigh, well maybe not but we are certainly in for some interesting times ahead.

As the flow and focus disseminate around more circles cash and awareness are thrown at this increasing behemoth.  I think it's got a long way to go yet but that it will have some interim short-term growth trending towards the $2k mark with a correction below that support line then will sail past it with the next support being $5k within 3 months. $10k peak soon enough but at those levels it's just going to take away the functionality of it as it will be viewed as an alternate investment to things like gold..

Tulips.  Just remember the tulips people.

There are way too many factors for any sort of surefire prediction.
That being said, I think $1 million per coin is very possible barring some sort of global ban, serious social stigma, or an altcoin replacing it.

My reasoning:
$1 million/coin is 1000x the current value ($1000/coin).
Bitcoin went from $1 to $1000 on investment from nerds/techies alone.

2014 is going to be the year of "normal" people and Wall Street getting involved. That's going to be a huge amount of money coming in and will easily push up the value an equal or greater amount.

I wish it reaches 1,000,000$ but there's a very minuscule chance of that. In fact, the current rally is going to crash anytime soon.

I see bitcoin being worth 100k plus OR being worth nothing, not because of a 'speculation/bubble/panic) but because something better arrives,  I can't see that happening for the next 12 months atleast , also I believe the next big thing might be built on top on bitcoin like mastercoin which is a great concept.  I have no idea really but if I had to put my money on it (and I have) I'd say bitcoin will be worth atleast $3000 USD this time next year, or well $0

Maybe in the future one can buy a house in the outskirts of a city with one bitcoin.

The end of bitcoin depends on the commitment of a team to keep him alive, while there were people with the thought of keeping a strong currency and believe they can change the world with it, the bitcoin remained until this very moment

My guess is while there was love for bitcoin will never end.

;]

33.000

if the gorverment declare to denied it will worth nothing , since nothing are backuping these no value coin