Wow...the tenor of the predictions sure has changed.
I'm just now seeing this thread in August, and I have to be honest...you guys are ALL bolder than me. I wouldn't even begin to DREAM of predicting. I mean, really, December 31 is kind of an arbitrary timeframe if you think about it. I don't know what markets will do, so I don't know what the price will be. I do think the value is increasing every day, and I think it will continue to grow for years. But I don't know (or really actually care) what the price does.
Topic: Official Bitcoin Price Prediction for Dec 31, 2014 - page 7. (Read 19784 times)
Between 750-950 USD
$700 by the end of the year
legendary
Activity: 2800
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I like to be bold
Over 1250 dollar by the end of the year December 31st, 2014
With the rally beginning soon
Over 1250 dollar by the end of the year December 31st, 2014
With the rally beginning soon
I'd say £300 if this bitlicense thing is still dragging on, and if they do a terrible job of redrafting it.
Bump, looking for new members to vote 
I would say it could range 2~3 K. 10K is too much 
My expert guess -- $870
my noob guess:
~$1,183.73
*expecting some serious resistance/dumping once bitcoin approaches the price of gold once again.
~$1,183.73
*expecting some serious resistance/dumping once bitcoin approaches the price of gold once again.
i put in my vote at around $2,000. if that were the case, year to year, it would only have been something like a 120% gain.. which is much, much less than the previous years.
I predict around $1,500-$2,000. However, I think it will go higher than that before December, and during December it will be on its way back down. I would predict it to peak around August or September.
legendary
Activity: 2800
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
My price estimate going into the end of the year of 2014
Is closer to the range of 2500 +- 300
In other words I expect a 5 fold increase between now and the end of the year in relation to where the Bitcoin price is now.
Is closer to the range of 2500 +- 300
In other words I expect a 5 fold increase between now and the end of the year in relation to where the Bitcoin price is now.
The price would be 555,54$ +/- 30$. Nothing more and nothing less.
Yes i am new and is just as everyone predicted. BitCoin is so predictable. I love it because of that.
Bumping this old thread so we can get new votes in now that we are halfway to December.
If you are new or just haven't voted, cast in your vote and let's see what the community thinks.
I'll revive this thread again at the end of the year.
If you are new or just haven't voted, cast in your vote and let's see what the community thinks.
I'll revive this thread again at the end of the year.
It would make a $40 billion market cap. Does anyone think anywhere near $8-10 billion dollars has been spent so far?
It would only require a fraction of actual expenditure of that to reach that figure. There's only a few tens or hundreds of thousands of coins available for sale at any one time.
It would only require a fraction of actual expenditure of that to reach that figure. There's only a few tens or hundreds of thousands of coins available for sale at any one time.
We'll have two more rallies this year, first in April/May and another in October/November. The first rally will take us to $2,500 and the second to $5,000. We'll then finish the year at $4,000.
Those are some rallies. So from these levels, you're talking about $40 BILLION in new dollars flowing into Bitcoin, as in NEW money. Can it happen? Sure, it can happen. Will it happen? Probably not this soon until W Twins ETF comes out (which rumor has it won't until late this year if at all) or Amazon accepts Bitcoin.
We'll have two more rallies this year, first in April/May and another in October/November. The first rally will take us to $2,500 and the second to $5,000. We'll then finish the year at $4,000.
Any new members since this was posted want to add in their votes ?
?
I predict $100. Ah, hell, I'll just copy past from another thread:
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History shows that every time the difficulty decreases for more than 30%, Bitcoin loses about 90% of its value.
Ok, it happened once, from June 2011 to December 2011. But still, you can see it here http://blockchained.com/, 7th chart from the top, titled Bitcoin difficulty vs market price logaritmic, all data.
It's quite logical. Decreasing difficulty means that miners are operating at the edge of zero profitability, and must sell almost all their new coins to cover the cost of electricity. Also, decreasing difficulty dampens the speculators' spirits. No new speculating cash coming in, and miners must sell.
Expect this phase to begin in 3 to 7 months, that is when a long slide down will start. If it loses 90%, it means going down to $100, but since we are at much higher levels now, it could be a bigger slide, it could easily go down to $10 to $50 range.
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History shows that every time the difficulty decreases for more than 30%, Bitcoin loses about 90% of its value.
Ok, it happened once, from June 2011 to December 2011. But still, you can see it here http://blockchained.com/, 7th chart from the top, titled Bitcoin difficulty vs market price logaritmic, all data.
It's quite logical. Decreasing difficulty means that miners are operating at the edge of zero profitability, and must sell almost all their new coins to cover the cost of electricity. Also, decreasing difficulty dampens the speculators' spirits. No new speculating cash coming in, and miners must sell.
Expect this phase to begin in 3 to 7 months, that is when a long slide down will start. If it loses 90%, it means going down to $100, but since we are at much higher levels now, it could be a bigger slide, it could easily go down to $10 to $50 range.
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