why is it not going to $40000 | Bitcointalksearch.org

guybrushthreepwood

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Quote from: iLiekPai on January 08, 2014, 09:44:20 AM

The price rose due to the American government approving the BTC, then collapsed when the Chinese denounced it. It might rise upon meeting a positive response from another "strong" country (economical aspect) or the European union, but until then I highly doubt that the price will rise more than 1100-1200USD.

Really? It was over 1000 recently. I can see it creeping up back to its peak.

iLiekPai

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The price rose due to the American government approving the BTC, then collapsed when the Chinese denounced it. It might rise upon meeting a positive response from another "strong" country (economical aspect) or the European union, but until then I highly doubt that the price will rise more than 1100-1200USD.

hilariousandco

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Quote from: guybrushthreepwood on January 08, 2014, 09:38:31 AM

Quote from: Peter Lambert on January 08, 2014, 09:28:28 AM

Quote from: guybrushthreepwood on January 08, 2014, 08:32:33 AM

Quote from: Peter Lambert on January 07, 2014, 04:15:17 PM

Quote from: stork on January 07, 2014, 04:11:51 PM

For 1BTC to be 40k USD, something groundbreaking must happen and before that there will be lot of road blocks that need to be cleared. It's possible but game will be getting harder when price climbs up from certain point.

For the price to rise to 40k USD would only require about 40x price increase, we saw a bigger price increase than that in 2013, so seeing this price in the next year or two is not beyond the realm of possibilities. The price might also drop back down to 10, who knows what will happen?

How much did it rise in 2013?

Went from 15 at the beginning of the year to 1000 near the end of the year, that is 67x. If you go by the beginning and end of the year, depending on which exchange you look at, it might be something like 15 to 850, which is 56x. Either way, that is more than the 40x increase we would need to get from 1k to 40k.

Interesting. I wonder what are the chances of it rising like that this year?

Not very likely I'd say, though several thousands is not unreasonable. A lot of people seem to be investing using the logic that the price will continue to rise like this, but it doesn't work like that.

guybrushthreepwood

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Quote from: Peter Lambert on January 08, 2014, 09:28:28 AM

Quote from: guybrushthreepwood on January 08, 2014, 08:32:33 AM

Quote from: Peter Lambert on January 07, 2014, 04:15:17 PM

Quote from: stork on January 07, 2014, 04:11:51 PM

For 1BTC to be 40k USD, something groundbreaking must happen and before that there will be lot of road blocks that need to be cleared. It's possible but game will be getting harder when price climbs up from certain point.

For the price to rise to 40k USD would only require about 40x price increase, we saw a bigger price increase than that in 2013, so seeing this price in the next year or two is not beyond the realm of possibilities. The price might also drop back down to 10, who knows what will happen?

How much did it rise in 2013?

Went from 15 at the beginning of the year to 1000 near the end of the year, that is 67x. If you go by the beginning and end of the year, depending on which exchange you look at, it might be something like 15 to 850, which is 56x. Either way, that is more than the 40x increase we would need to get from 1k to 40k.

Interesting. I wonder what are the chances of it rising like that this year?

tinus42

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Quote from: odolvlobo on January 07, 2014, 04:02:10 PM

It is going to $40,000. Just not today or tomorrow. Maybe next year.

I'm not sure if I want that to happen. The Winklevii will be so sickenly rich billionaires then, they will become even more obnoxious than they are now.

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: guybrushthreepwood on January 08, 2014, 08:32:33 AM

Quote from: Peter Lambert on January 07, 2014, 04:15:17 PM

Quote from: stork on January 07, 2014, 04:11:51 PM

For 1BTC to be 40k USD, something groundbreaking must happen and before that there will be lot of road blocks that need to be cleared. It's possible but game will be getting harder when price climbs up from certain point.

For the price to rise to 40k USD would only require about 40x price increase, we saw a bigger price increase than that in 2013, so seeing this price in the next year or two is not beyond the realm of possibilities. The price might also drop back down to 10, who knows what will happen?

How much did it rise in 2013?

Went from 15 at the beginning of the year to 1000 near the end of the year, that is 67x. If you go by the beginning and end of the year, depending on which exchange you look at, it might be something like 15 to 850, which is 56x. Either way, that is more than the 40x increase we would need to get from 1k to 40k.

wachtwoord

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Quote from: stork on January 07, 2014, 04:11:51 PM

For 1BTC to be 40k USD, something groundbreaking must happen and before that there will be lot of road blocks that need to be cleared. It's possible but game will be getting harder when price climbs up from certain point.

Something groundbreaking has happened. In 2009 Satoshi released Bitcoin.

guybrushthreepwood

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Quote from: Peter Lambert on January 07, 2014, 04:15:17 PM

Quote from: stork on January 07, 2014, 04:11:51 PM

For 1BTC to be 40k USD, something groundbreaking must happen and before that there will be lot of road blocks that need to be cleared. It's possible but game will be getting harder when price climbs up from certain point.

For the price to rise to 40k USD would only require about 40x price increase, we saw a bigger price increase than that in 2013, so seeing this price in the next year or two is not beyond the realm of possibilities. The price might also drop back down to 10, who knows what will happen?

How much did it rise in 2013?

Dannie

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https://bitcointalksearch.org/topic/pizza-for-bitcoins-137
When laszlo traded 10000BTC for a pizza in May 2010, I guess he never imagined the price could go to $1, let alone $1000.

soulnecturn

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40k ? honestly?

I will said this - few days ago my wife said clearly to me this:
"You will see that our kids will be able to buy house for 1 BTC one day" ...

Well Tongue

40k looks low Wink

I believe however you will look at this - how far btc can reach can ONLY be limited by our speculations hahaha

dspje

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itll go up to 10k this year

Cryptobolics

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For btc to go to 40k...u.s. dollar has to go to 10cent worth /dollar

odolvlobo

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Quote from: TalkingBit on January 07, 2014, 05:13:12 PM

Quote from: odolvlobo on January 07, 2014, 04:02:10 PM

It is going to $40,000. Just not today or tomorrow. Maybe next year.

There are about BTC12,200,000 now at $40,000 the total worth of all coins would be $488,000,000,000 Apple's is only worth 415,683,300,000

Hmm, a global payment system being worth more than a single company -- it seems reasonable.

TalkingBit

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Quote from: odolvlobo on January 07, 2014, 04:02:10 PM

It is going to $40,000. Just not today or tomorrow. Maybe next year.

There are about BTC12,200,000 now at $40,000 the total worth of all coins would be $488,000,000,000 Apple's is only worth 415,683,300,000

xen0cide

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Going to have to see..

jerelimZ

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It will come only with better merchant support and much easier ways to buy Bitcoins

JeremeyB

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If it can go to 0.01 Cents to $1000.

Why not $1000 to $40,000.

It's just going to take a while because I believe investors are worried about getting in when prices are at $1000 each bitcoin.

For now it's best to ride the trend.....

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: stork on January 07, 2014, 04:11:51 PM

For 1BTC to be 40k USD, something groundbreaking must happen and before that there will be lot of road blocks that need to be cleared. It's possible but game will be getting harder when price climbs up from certain point.

For the price to rise to 40k USD would only require about 40x price increase, we saw a bigger price increase than that in 2013, so seeing this price in the next year or two is not beyond the realm of possibilities. The price might also drop back down to 10, who knows what will happen?

lassdas

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Quote from: stork on January 07, 2014, 04:11:51 PM

For 1BTC to be 40k USD, something groundbreaking must happen and before that there will be lot of road blocks that need to be cleared.

That's what everyone said about 1k USD too
and 100 USD before
and even 10 USD,
but it happened anyway.

Like odolvlobo said,
it's on its way, just give it some more time.

dbcmaster

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I can't see that happening at all.

Topic: why is it not going to $40000 (Read 1239 times)