Topic: What do you think the price of bitcoin will be 1 year from today (feb 2015)? (Read 6411 times)

6000$ in a year is my prediction.

I just quoted myself so I can't change it!

BUY now or cry on 8th of February!

Let's hope I meant $250 and not $2.50

I guess you win the prize so far Elwar (if you mean $250 for "two fiddy".)  Although we are not quite to February yet.  I hope my conservative estimate of $1200 still stands but it is looking less likely.

So , how are these predictions going?
=))))))

zero.  ok ok, about $0.10.  It'll have a tiny value because it'll be like owning a little bit of history.  The first crypto!

3 x Platinum

For crypto to get anywhere, at some point there needs to be a consensus as to which one the world is going to favour otherwise it's all been pointless.

That'll be the one that's highest in the minds of those who drive it. Right now that's Bitcoin.

Huh, for some reason, I want to say that the market cap will actually hit $25B for a short while, but I don't have it coinciding with Feb. 2015. So, I'm going to say $650. That sounds like a somewhat okay number to go with...

1000$

In a year , too many coins with no diference with bitcoin , only was the first .

> $8000 There is no stopping the rocket.

I don't hate Bitcoin. I just want to see you lose everything. That would be so funny.

I will bet you 25BTC that Bitcoin will indeed exist in Feb 2015.

+1

667,45 $.

pun intended? get it "mean" charts!? HAHAHAHAHA!

Lol at all the bulls ITT...

I think the most likely scenario will be around $800-900/btc. I said this around december and I still believe we are about to see the longest sideways movement we've ever encountered. We'll see our next rally somewhere around mid to late 2015... maybe with wallstreet action, huge breakthroughs or wrinkelvoss etf's... thats plenty of time for weak hands to leave the train before it takes off again with the lucky ones

basis for prediction: if price stays the same-$700-$800, then with monthly difficulty rises at 50% (much less than current~72%) by October-November cost of electricity will be approximately the same as monthly bitcoin production (in most places). Considering that machines cost anywhere between $6000-10000 for 2-3TH, the situation would be untenable.

Therefore, BTC has to be at no less than $2500 somewhere between July and Nov (with 50% average monthly rise).
With 40% monthly diff rise-at least $1600
With 30%-at least $900
With anything below these $$ numbers-mining is in jeopardy.

Feb 2015 is too far to predict. Could be between 0 and 10000.

2014 and 2015 are going to be stressful years for crypto. The resistance we encounter for next two years will determine the near-term fate of Bitcoin as a mainstream technology. If it survives in the mainstream market until 2016/2017 then it's won a place in the world economy and the price cap will be insanely high. It's impossible to tell right now...

I predict we'll see $10,000 within 12 months assuming we establish some regulatory clarity.

As far as regulation is concerned; the world will continue to spin tomorrow in the same fashion that it does today. The powers that currently exist will try to grab as much power as they can get away with grabbing. The reality of the matter is that regulators can never have more than the illusion of control if they seek it with Bitcoin...

Regulating Bitcoin isn't the same as regulating the dollar... They don't own the control over it and are simply limited in the powers available to them... The protocol can't be regulated; only within the businesses and exchanges that convert it to USD can they effectively enforce regulations.

The dollar is highly regulated; of course any transactions that convert BTC into dollars will be regulated as well. Outside the scope of exchange for dollars they can't accomplish anything with regulation.

If you can't live with regulation then don't exchange BTC for USD. The P2P aspect will never be regulated for as long as the government wishes to maintain the image of a representative government. Any attempt would simply be unenforceable for lack of the governmental tools and powers to do it.

I have no idea where we'll be next year. I just think it's all or nothing with Bitcoin...

$2100-$2400

I don't know what the price will be in 2015, but I know the price in 2020 will be $100k/coin.

I was just about to come in here and post my prediction of aroun $8K but somebody has beat me to it!
ah well...


$8000 BTC is my conservative estimate for Feb. 2015

8591.26 USD

Bitcoin used by thousands more people everyday.
Instant money exchange - no fees.
India, Africa can afford to send money to relatives easily, quickly
Totally decentralized and IMPOSSIBLE to shut down
Price determined by users not banksters
German government & US Government accept bitcoin as a real currency
who gives a toss about e-gold?
Where is Matthecat now?

If you hate bitcoin so much what are you doing here exactly? I mean seriously all you do is tell people how bad bitcoin is.

PS. the price in 1 year will be over $5000

No! Really?

 

10.000 in a bear market
30.000 in a bull market.

I agree with the 100% net worth thing.  I agree as well with the might crash to 500 or lower (if it doesnt and if 700 is bottom and it goes up from here, I could live with that and eventually buy in when its 850
if this is what happends)

i dont think i would panic sell because I like to look at trends and I noticed all these bumps and pit stops before it took off.
2-8k   papa just got a new benz  

I don't think it will crash (it might crash, but I think it will recover quickly), I have a lot riding on it.

But I would never put 100% of my net worth into one investment regardless of how certain I was. You should try to learn as much as you can and if you believe in the technology, then invest. What I'm trying to say is that, it is not out of the question for the price to crash to $500 or lower, even if it is just for a couple of hours. If you are all in, you've just lost 40% of your net worth and unless you are confident in your investment (which I am assuming you are not because of the questions you are asking), you will likely panic sell.

Having said that, I think we will reach something between $2000-$8000 this year.

$100k in 6 months would be absolutely mind blowing lol

but in a way it makes sense that large fast money is gonna flock to bitcoin buying everything up not giving the average joe any chance to make money

that said i think we would see $100k in atleast 3 years, if at all.

Feel free to be as mean as you want to, I dont have soft skin and this is just the internet.  If you think bitcoin will crash and I will lose all my money, say it.  I am willing to take risk and I understand the consequences.  I am just learning as much as I can for now

and thanks for your time on this post i appreciate 

Lol. Erm by looking at where February 2015 is on the x-axis and going up to see where the red line is?

Edit: I'm not trying to be mean. I could just give you the answer, but I'm trying to help you do your own research and make your own decisions. I've seen your other threads on here, you seem very unsure especially as you are investing everything you have (which I don't recommend doing). Please take the time to make these decisions on your own instead of asking for advice from strangers on the internet.

how would you read that chart then

You're still reading the chart incorrectly.

I think and hope it will be $8k-$10k

its kinda hard to imagine though but we've seen it many times before

Total guess here - about $2000/BTC.

I'm hoping to see some $350 coins again before May, though, then see the price shoot back up quickly around June-July.

We have bigger bubbles to think about.... the US stock market. Fundamentals dont really make a difference when that pops, bitcoin is a great exit.

Another agenda laden comment. 

Are you new to bitcoin?

First of all some in wall street have gotten involved on a personal investment level.

But if you are talking institutions, then they haven't gotten involved because of lack of regulatory clarification.

This is a process that is well under way and takes time.

Remember, bitcoin is 5 years old. Would you ask a 5 year old to drive you around town or lift you onto a roof?  Bitcoin is developing as a technology.   If you want to understand the  price then you need to fully understand the technology. Most on here do not. This board is full of young kids trying to make a fast dollar.

Much lower

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.

We're in a textbook bubble right now
A lot of people here are fanatical about Bitcoin because they have their life savings invested in it or are convinced that it will make them rich.
Unless you have significant insider knowledge I'm not sure you can make an informed prediction on where we will be in a year.
My uninformed guess is double digits. Maybe by then Bitcoin has already been replaced and it's worthless. Who knows really.

so what do you think the price will be in 1 year?

Governments banning it.

US regulatory stance still not yet decided.

Market totally cornered by a relative handful of whales who end up in a big fight to the death.

Exponentially growing computational demands that already requires the power of 50 Super computers.

Dodgy exchanges going under with everyone's funds and Bitcoins.

.......go and google E-Gold. An electronic digital payments system backed by precious metals, right through the period of precious metals expansive boom. Talk about Win-Win-Win. Over 5 million users. Where is it now?

with sites starting to accept bitcoin as payment, it looks good for btc future
there is no telling what will happen to btc but it looks like people will definitely invest in it if the price dips and what not

You might do well to consider the possibility of Bitcoin not even existing by Feb 2015. I am not saying that I think this will happen; although it is certainly possible that this star has shone too bright too soon, I am just saying that it might do your frame of mind the world of good to consider this possibility and the many ways that a Bitcoin death event might be brought about.

If you came to Bitcoin back in October or November with your obvious level of enthusiasm and anxiety to get invested. You would have done very well. But it is a very different market right now. Instead of dreaming about exponential profits, try focussing on learning to read these markets and choosing a good entry point, and then nursing your position and ensuring that you aren't going to go underwater on it. Let Feb 2015 take care of Feb 2015 itself.

I like to look at past trends and the history of bitcoin has been phenominal.  What price do you think 1 btc will cost one year from today (feb 2015)?

From seeing the past trend it seems to be exponential to me.