Topic: What do you think the price of bitcoin will be 1 year from today (feb 2015)? - page 3. (Read 6389 times)

A good bet would either be volatility (bad for business since 3rd party bitcoin exchangers like coinbase have to exchange BTC to USD or businesses could lose hundreds over night) or the shadiness of bitcoin and how the government(s) treat it.

Care to explain why? Everything about Bitcoin and it's community are just about what you'd expect from a mania fueled speculative bubble. In your opinion why hasn't Wall Street and the business world at large gotten involved yet? Is it because they aren't comfortable with new technology?

why not tree fiddy or one fiddy?

No. Not really.

This thread tells you all you need to know about where bitcoin is right now - bear market. We have predictions of double digits, total failure, etc. etc. etc.  

All this is predicated on what? ---> some hypothetical worst case scenarious.  Many feel they missed out on bitcoin so they either want a 2nd chance or they want bitcoin to fail and have the opportunity to ride the train of the next great crypto.

Truth is that bitcoin has a huge first mover advantage and the fundamentals are growing by leaps and bounds.

Truth also is that price has little to do with fundamentals and almost everything to do with emotion.  So the fundamentals are playing catch up while the price goes bear.

But to answer your question, I think worst case scenario, Bitcoin is around $800-$900 at the end of the year, with its worst performing year % wise. I think best case scenario we are somewhere north of $5000. But that's only if we get at least one powerful fully licensed and professionally run bitcoin exchange in NY and if we get some wall street money into the system. Or it could also happen if we have a country like Cyprus fully embrace bitcoin has a secondary banking system like the NEO project.

If I had to make a guess, I'd pick somewhere in the middle - around $1200-$1400. I think our next huge climb will be institutional in nature and with regulations being a slow game, I think we may have to wait until 2015 to see huge yearly gains again.

I look at the chart and I think we are leaning more towards the log (log) linear line.  But we will see.  It is hard to believe that we won't hit $1200 until next year.  We already hit it last year!  But some people really think we are that far above the growth curve right now.  The fact that the price has only crashed to around $700 or so with all the bad news this week is super bullish to me.  I think we are on a much higher curve in the rate of adoption and I really do think we will see $10,000 by the end of this year, almost without doubt in my mind.  That is at a much lower rate of growth for the past two years so that is even conservative to me.

If it were 1999 and we were in the dot.com bubble right now I wonder whether or not the people on this forum would be defending it fanatically, posting logarithmic charts with lines on them, etc.
Peoples reasons for believing Bitcoin will continue growing exponentially appear to be contrived afterthoughts. That doesn't necessarily mean they don't value privacy and freedom or think that Bitcoin has the potential to be useful but the main reason for the hype is people trying to make a buck.

i like the first one bettah  

16,000 to 32,000
If only 5% of gold speculative value moves to the bitcoin this implies a price of 32,000
and thats not the only market the bitcoin is looking to disrupt
if bitcoin really catches on and is used in international trade, we're taking millions pre coin.

suddenly FIAT becomes irrelevant.
1BTC = infinite FAIT.
suddenly catcoin doesn't look so bad.

oh now 230,000 makes sense 

My bad.  I meant $1200 conservatively.  I am just way too bullish I guess! 

It will go up by a lot when people will start value their privacy again!

for example:
A guy has been very sick(almost died) a few years ago and now is healthy, and he goes to an insurance company to make a health insurance, that company will make some test on him before asking for a yearly payment and believe it or not they will check is banking account and see what he bought in the last years, when they will see he spent money on medicine a few years ago then they will ask for a bigger payment because that person represents a risk for them not an investment!

And banks do offer private information about their customers for the right price because everything is for sale!

That's why i said around 230000 USD

 

two fiddy

This chart pegs the price at either $1200 conservatively or over $1,000,000 depending on what kind of exponential growth we are really looking at.  I would take either option.

http://bildr.no/view/ZFowYlNi

Edit:  I put $12,000 instead of $1200.  I guess I need to learn how to read charts a little better.

care to elaborate why that exact number 

i understand what your all saying.  again i refer back to bitcoins past
every year it has increased, more places are accepting it etc.
on the flip side it is getting banned and new payment may arise
yes btc may die or may go to new heights.

personally i think it will grow

it might be around 230000 USD

Well now even the supports like to cheer on bitcoin falls so there are not any positives to look forward too other than a bunch of delusional freaks who think spamming on twitter and trollbox is going to make them rich

I am here looking for a chance to truly capitalise to compensate for my lack of a specualtive mindset when I first started using Bitcoins in 2011.

But I am also ready to accept the possibility that things just might not work out for Bitcoin.

There are no certainties.