Topic: Price at end of 2014? - page 14. (Read 22822 times)

I'd take a wild guess here and go for about $1500. I really think it will rise, but estimates in the several thousands as some people are saying are way too high in my honest opinion.

Perhaps that will hit the 12.000$ mark, perhaps not at end of 2014 but that won't jump this limit or that will however in this case that will be an eventual financial crisis and economic collapse.

Sometimes sayings are nonsense  .

You can't wait a few weeks, into the new year? I'm presuming here you bought some coins for over a grand and disappointed about currently being "down in the game"?

What's that old saying? "A watched pot never boils" - stop watching the pot and you'll wake up one morning and we'll be back to an ATH

I can see plenty of reasons in the long run. I 'm talking about short to medium term.

It might jump up again to around $3500 or so but I feel that it will likely be somewhere between $1500-$2000.

I believe as the Market Cap increases and Bitcoin becomes more on trend with Mass Retail etc It could go to around anything between 5-10k approx. This is just an estimate as more and more Crytpo Currnecies come into play Bitcoin will be competing with other digital currencies as well as Fiat related money but as it was the first protocol of its kind to be used as a digital currency in this form I believe it will rise in value, intrinsically and as speculators come in to play with the Coin in the Markets.

Advice , open your eyes , open your heart , open your mouth and sing the bitcoin song.
If this doesn't help , go smoke a joint and you'll see plenty of reasons.

Prices just don't keep going up and up, that's not how markets work. Go and visit investopedia, look at some graphs, or read some trading books.

Call it whatever you like. The point is that the price went down and i can't see any signs for a recovery any time soon...

Of course I know that.
I was just pointing that he started his arguments for having a 60000 BTC the wrong way.
Also history does repeat but not in the same way

It is definitely not true that all possible investors are already in.

Because life doesn't work like that. Things go up, things go down. The past is not a good predictor of the future etc etc.

But yes, I do believe we will have a "nice" increase in 2014. Can't do a 70x increase every year though can we .... you do the math

The average price was 13.3$ last year. We have around 900 this year. That's a 70x increase.
But from 2011 to 2012 we have an increase of only 4x , from 3.50 to 13.3.

So , why shouldn't we have a  x1190 increase to December 2014?

Let's face it, the majority of these alt coins are just made and promoted by people who missed the Bitcoin gold rush, and now want their own piece of the pie. Maybe some will get a little taste, but most wont.

I've nothing against altcoins, but they have to *really* do something different to bitcoin to have a chance of success. There is so much being built on top of the bitcoin protocol. Other coins need to serve a niche if they want to prosper. And by niche, I don't mean "we have 4 times as many coins as bitcoin". That's the most pathetic excuse for a benefit I've ever heard.

Personally I think mBTC stinks as a concept, but that's just me ;-)

From December 2012 to December 2013, BTC price rose by 60x (~$20 to ~$1200).

If it does something similar, $60,000 per coin this time next year at minimum. Though I think BTC growth is exponential, if that holds than it will be much higher than $60,000.

There is no telling how the other currencies will affect it though. Once BTC reaches a certain point we may just see other coins rise up next to it as their ultimate purpose is defined by the development work being built on top of them, forming more specialized blockchains that do different things, like Datacoin, Namecoin, and others like them, each of them valuable in their own unique ways. The sky is the limit to what this technology can do. Bitcoin is just the beta test. We saw Litecoin rise above where BTC was this time last year, there is no technical reason Litecoin can't become bigger than Bitcoin. BTC just has the advantage of being the first and therefore most well known cryptocurrency, but the limited exposure of the 100 chains behind it won't last.

When BTC hits 1000s people will notice these other cheaper coins more and more, even though fundamentally "1 coin" is arbitrary, but fiat minded people have trouble seeing past that. However making the smaller BTC denominations like mBTC will help with that in common usage.

This is a digital wild west, anything can happen, anything goes, no one on this planet can accurately predict what happens now. We are in for one wild ride I think, it would be wise to hold many kinds of crypto for the months ahead.

Equal to, or more than $5,000 USD

Of course there's going to be a correction after its gone up from $200 to $1200 in about six weeks. Its called profit-taking. Its not called a downtrend.

That's true but the trend changed like 2 weeks ago when we first reached the ath of 1250$.