one day
When exactly? Next year?
Topic: When Will Bitcoin Reach $1000?? - page 12. (Read 19694 times)
one day
next month after hashfast deliver their miners.....
Not idea when exactly the price will reach 1000$. But I tend to believe it will be 10000$ end of 2015.
The reasons:
(1) baidu.com accepts Bitcoin. China has 500 Mio internet users which is beyond the rest of the world together
(2) Bitcoin cannot be vanished from the cyberspace anymore - if so some would have done already
(3) Bitcoin is not far from mass adoption. The barrier is low and nearly no investments must be done
(4) When Bitcoin becomes massively adopted it will replace WU (6000 Mio $) PP (7000 Mio $) etc
That is > 12000 Mio USD just for two of many companies. Now they are around 12 Mio BTC which is 1000 USD/BTC.
WU has 17% market share. That means the market for Bitcoin may be ten times as big eq. 120000 Mio USD which means nothing else than 10000 USD/BTC.
Until end of 2015 we have around 750 days. Let's say now the price is 300 USD (it is higher already). So the price will surge for 9700 / 700 USD/day ~13.8 USD ---
I think just the rise of 14 USD per day is a big reason for any business owner or shop to accept Bitcoin.
Finally it will take something like (1000 - 300) / 14 ~ 50 days until BTC is at 1000 $. From that point my prediction would be end of January.
The reasons:
(1) baidu.com accepts Bitcoin. China has 500 Mio internet users which is beyond the rest of the world together
(2) Bitcoin cannot be vanished from the cyberspace anymore - if so some would have done already
(3) Bitcoin is not far from mass adoption. The barrier is low and nearly no investments must be done
(4) When Bitcoin becomes massively adopted it will replace WU (6000 Mio $) PP (7000 Mio $) etc
That is > 12000 Mio USD just for two of many companies. Now they are around 12 Mio BTC which is 1000 USD/BTC.
WU has 17% market share. That means the market for Bitcoin may be ten times as big eq. 120000 Mio USD which means nothing else than 10000 USD/BTC.
Until end of 2015 we have around 750 days. Let's say now the price is 300 USD (it is higher already). So the price will surge for 9700 / 700 USD/day ~13.8 USD ---
I think just the rise of 14 USD per day is a big reason for any business owner or shop to accept Bitcoin.
Finally it will take something like (1000 - 300) / 14 ~ 50 days until BTC is at 1000 $. From that point my prediction would be end of January.
I wouldn't hold my breath on it hitting $1000 next year.
Correct. People traded it before when it was valued much less than it is now.
you're all assuming the only way is up. it could plummet just as much as it is surging (although not likely by the look of things)
Everything can plummet. Gold could be worth 0.00001 cents tomorrow so could diamonds, but we all know that isn't happening. Bitcoin has still its useability even if price crashes under $100. Price is only market value between demand/offer, so I dont care about current price. If it hit $1000 next year, fine, if not, fine as well
When it does pop, it will bounce back.
you're all assuming the only way is up. it could plummet just as much as it is surging (although not likely by the look of things)
Everything can plummet. Gold could be worth 0.00001 cents tomorrow so could diamonds, but we all know that isn't happening. this. The bubble will pop and it'll drop, however it'll go back up inflating the bubble, and it'll pop again. It's normal. Look at all stocks through history that had their rides (ie qualcomm, kmart, boeing, ford, etc etc). some of these companies were valued high per share at a certain point, took a massive dip at some point, some came back and well others - not so much.
you're all assuming the only way is up. it could plummet just as much as it is surging (although not likely by the look of things)
Everything can plummet. Gold could be worth 0.00001 cents tomorrow so could diamonds, but we all know that isn't happening.
you're all assuming the only way is up. it could plummet just as much as it is surging (although not likely by the look of things)
what's the Chinese surge?
Me too, but I dont care if BTC goes under $10, I wouldn sell. I believe Bitcoin has big potential so why sell.
Just buy up more at that price. There's also psychological barriers at 400, 500, 750, 1,000, xxxxx ...as long as a larger majority of BTC holders are in it primarily for speculative purposes, people will assign their own value to it based upon their opinion of when their reward over investment is of greater value (to them) vs. the risk of loss in profit. For this reason, we will see the boom and bust cycles already mentioned. A bird in the hand is worth two in the bush.
...that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.
Technically yes, but still no....that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.
If I was going to sell, I'd sell at 1000.
I'm not sure of your point...? I don't know that I would ever sell out of my BTC, and I probably wouldn't sell a single one until ~$5k. Here's an example of varying values placed upon the very same thing.
Me too, but I dont care if BTC goes under $10, I wouldn sell. I believe Bitcoin has big potential so why sell.
There's also psychological barriers at 400, 500, 750, 1,000, xxxxx ...as long as a larger majority of BTC holders are in it primarily for speculative purposes, people will assign their own value to it based upon their opinion of when their reward over investment is of greater value (to them) vs. the risk of loss in profit. For this reason, we will see the boom and bust cycles already mentioned. A bird in the hand is worth two in the bush.
...that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.
Technically yes, but still no....that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.
If I was going to sell, I'd sell at 1000.
I'm not sure of your point...? I don't know that I would ever sell out of my BTC, and I probably wouldn't sell a single one until ~$5k. Here's an example of varying values placed upon the very same thing.
There's also psychological barriers at 400, 500, 750, 1,000, xxxxx ...as long as a larger majority of BTC holders are in it primarily for speculative purposes, people will assign their own value to it based upon their opinion of when their reward over investment is of greater value (to them) vs. the risk of loss in profit. For this reason, we will see the boom and bust cycles already mentioned. A bird in the hand is worth two in the bush.
...that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.
Technically yes, but still no....that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.
If I was going to sell, I'd sell at 1000.
Bitcoin gambling will overtake the traditional gambling industry with all their pointless gaming commissions, ridiculous government regulations and unjustifiably high credit card/wallet commissions. When that happens, provably fair gambling alone should drive the price to about $4k, considering the online gambling industry right now is about $40bln with all the constraints forced around it.
I have to agree, but it will take longer. Current Bitcoin poker clients have long way to be competetive with PokerStars client
With the recent Chinese surge... I'm thinking this is a bubble so back to $200 for a month in before December.
Gradual increase to $1000 by say... July next year. There will be boom and bust cycles though.
Bitcoin is just too unpredictable right now.
But there is that psychological barrier that someone mentioned at 1000$. Gradual increase to $1000 by say... July next year. There will be boom and bust cycles though.
Bitcoin is just too unpredictable right now.
There's also psychological barriers at 400, 500, 750, 1,000, xxxxx ...as long as a larger majority of BTC holders are in it primarily for speculative purposes, people will assign their own value to it based upon their opinion of when their reward over investment is of greater value (to them) vs. the risk of loss in profit. For this reason, we will see the boom and bust cycles already mentioned. A bird in the hand is worth two in the bush.
...that all changes when BTC reaches critical mass and you no longer exchange it for cash, but instead for goods and services. Then we'll have stability.
Bitcoin gambling will overtake the traditional gambling industry with all their pointless gaming commissions, ridiculous government regulations and unjustifiably high credit card/wallet commissions. When that happens, provably fair gambling alone should drive the price to about $4k, considering the online gambling industry right now is about $40bln with all the constraints forced around it.
With the recent Chinese surge... I'm thinking this is a bubble so back to $200 for a month in before December.
Gradual increase to $1000 by say... July next year. There will be boom and bust cycles though.
Bitcoin is just too unpredictable right now.
But there is that psychological barrier that someone mentioned at 1000$. Gradual increase to $1000 by say... July next year. There will be boom and bust cycles though.
Bitcoin is just too unpredictable right now.
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