Bitcoin Price Predictions
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I posted this on another board. The further context is the global currency war that is in full swing that everyone knows about. Countries have spent billions to fight it. China is in the process of a long quest to make RMB a reserve currency. They had no intention of seeing that quest stumped by BTC. With that being said, that doesn’t mean the government in China doesn’t see value in it (or hasn’t been buying it up). In fact, China has always been a nation of finding value that they can store and hold, hence their gold purchases over the last few years. The [b][u]Chinese government actually ‘needs’ crypto[/u][/b] to combat USD and hedge against USD devaluation since they’ve been watching the value of their investment in the US dwindle over time. But it is not in the interest of the Chinese government to see crypto be used as a currency by the world, let alone their people. I have not understood the philosophy of some very bright people in this forum, much brighter than me, that crypto is in the stage right now to be rolled out as a medium of exchange in mainstream commerce in the midst of a global economy that has the average consumer scared shitless. Overall, China had to be careful here - they had to, direct their market in the proper form - “this is how we want you to use it…” I think moving forward you will see other governments issue similar statements and direct their native market in similar ways, love it or hate it. After all the G20 or whoever you want to insert here is likely to be in agreement in regards to the ‘ball’ (fiat) used to play the currency game. No one wins otherwise. The alternative now is to gain the trust of the mainstream by allowing governments and banks to buy it up as an investment vehicle, a commodity. Over a period of time that value will be contagious and the seed is planted for the next step.
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[quote name=“TheTribesman” post=“41824” timestamp=“1386541289”]
$100,000+ by the time Capt Picard brings Darth Vader and Barbarella back to face the ultimate judgement from Judge Dredd - banishment to Mount Olympus (it’s gonna happen!)Only joking - I predict it’ll reach about $3,000-£4,000 by this time next year.
[/quote]FTC 3k-4k in a year? Or did you continue joking…
/edit misread it myself, its about the BTC!
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I’d say around $900 by end of this week, $1,000 by end of year. Fluctuations aside, I see it settling sometime mid next year around $1,500. I expect LTC to hold around $27-32 for a while, maybe going as high as $50-60 by early 2014. FTC I’d expect to be relatively low but stable, maybe hitting the $1-2 mark by early 2014 and maybe hitting $5-10 by Summer 2014. Out of all these 3 I expect FTC to have the lowest variance which I think is a good thing.
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We have to take into account the governments involvement in crypto. While China and other countries do need crypto, they will need to be able to regulate it very heavily before accepting it. This is why I don’t predict Bitcoin to soar that high. Very likely countries will create new currencies or try and control the current ones since countries don’t like decentralized currencies.
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The last option should be (more than) > $1000
not < as that is less than. Would like bitcoin et all even in there current spaced out form to continue to grow I think $1500 sometime next year is reasonable. -
[quote name=“kris_davison” post=“41844” timestamp=“1386543657”]
The last option should be (more than) > $1000
not < as that is less than. Would like bitcoin et all even in there current spaced out form to continue to grow I think $1500 sometime next year is reasonable.
[/quote]My mistake. Typed this while working on something and wasn’t paying attention at that point.
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Easy mistake to make :)
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Hey all,
I think we all can be very happy if it reach the 100€ by end 2014 i think it wont reach
So far my speculation Will be between 10-20 mid 2014, also depends on how other crypt coins keep doing… But 100 will make me Really happy and rich haha… -
Here’s a scenario:
At G20, all nations decide to create their own cyber currencies. They pre-mine the entire supply and start trading with each other on new exchanges that they agree to create. They also define these new coins as legal tender.
What will happen in this case?
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[quote name=“bacobob” post=“41850” timestamp=“1386544214”]
Hey all,I think we all can be very happy if it reach the 100€ by end 2014 i think it wont reach
So far my speculation Will be between 10-20 mid 2014, also depends on how other crypt coins keep doing… But 100 will make me Really happy and rich haha…
[/quote]Poll and discussion is for BTC not FTC. People made the same mistake earlier so I may need to clarify it better ;D
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[quote name=“TheTribesman” post=“41851” timestamp=“1386544282”]
Here’s a scenario:At G20, all nations decide to create their own cyber currencies. They pre-mine the entire supply and start trading with each other on new exchanges that they agree to create. They also define these new coins as legal tender.
What will happen in this case?
[/quote]If this happened then they would probably allow all current cryptocurrencies to be converted to there own just because of all the money people would lose. Honestly i’m not sure how I feel about a scenario like this…
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[quote name=“kris_davison” post=“41844” timestamp=“1386543657”]
The last option should be (more than) > $1000
not < as that is less than. Would like bitcoin et all even in there current spaced out form to continue to grow I think $1500 sometime next year is reasonable.
[/quote]I have amended the symbol.
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[quote name=“TheTribesman” post=“41851” timestamp=“1386544282”]
Here’s a scenario:At G20, all nations decide to create their own cyber currencies. They pre-mine the entire supply and start trading with each other on new exchanges that they agree to create. They also define these new coins as legal tender.
What will happen in this case?
[/quote]You got to the point pretty quickly. Great post. I think this scenario is real. And if this is the case, it’ll make BTC, LTC, FTC even more valuable - as a commodity investment. Because suddenly there won’t be an influx of JoeCoin or HarryCoin or whatever every week. We’ll be LOCKED IN. Not a bad scenario for us I think.
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[quote name=“StrangeAtoms” post=“41852” timestamp=“1386544524”]
[quote author=bacobob link=topic=5682.msg41850#msg41850 date=1386544214]
Hey all,I think we all can be very happy if it reach the 100€ by end 2014 i think it wont reach
So far my speculation Will be between 10-20 mid 2014, also depends on how other crypt coins keep doing… But 100 will make me Really happy and rich haha…
[/quote]Poll and discussion is for BTC not FTC. People made the same mistake earlier so I may need to clarify it better ;D
[/quote]I’m sorry! To be fair I’m more interested in the FTC predictions; how much the BTC/FTC ratio will be - has anyone studies charts with these crypto’s? I’m not familiar with such thing.
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[quote name=“bacobob” post=“41850” timestamp=“1386544214”]
I’m sorry! To be fair I’m more interested in the FTC predictions; how much the BTC/FTC ratio will be - has anyone studies charts with these crypto’s? I’m not familiar with such thing.
[/quote]Well I consider Bitcoin to be the father of all cryptocurrencies. When the price of Bitcoin goes up, so do all other cryptocurrencies. We have seen that much when BTC got over $1000 and FTC got up to $0.90. It also impacts all other crypto’s which is why I created this post.
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[quote name=“tomstammis” post=“41869” timestamp=“1386553184”]
I’m sorry! To be fair I’m more interested in the FTC predictions; how much the BTC/FTC ratio will be - has anyone studies charts with these crypto’s? I’m not familiar with such thing.
[/quote]Mathematically.
If BTC = 100
LTC = 20
FTC = 5Of course, If Feathercoin has 10 times more users than Bitcoin then
BTC = 100 FTC = 50
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As long as FTC counts on BTC to go up we’re screwed - or at least limited. Because then it’ll only be thought of in terms of outstanding coins available and who was first to the punch, etc. And not innovation which in the end will triumph. My issue since joining this forum last week as a small time investor has always been one thing: don’t value FTC as a currency. Major mistake. It’s limited that way. If it’s a currency you’re automatically pegged to fiat. And as we have seen with BTC, the only reason why BTC achieved it’s rise was because it started to obtain a fiat valuation. - “Did you hear Bitcoin went up to $1200 last week” - would anyone care about BTC if it didn’t equal such and such in euro, dollar, pound equivalency?
Yet- when you value it as a digital commodity you leave the horizon wide open. Because what is a “digital commodity?” [u]It hasn’t been defined yet[/u]. And this is the most exhilarating question about it all. If you want it to be stuck in the $1-$2 range call it a currency. If you want it be better then Bitcoin then bring on the media blitz through sheer uniqueness. Fourth power media = crypto success (in the early stage). Braving the elements, will only result in being passed by. Crypto is in danger of being a fad if crypto developers take the conservative long haul approach. Other cryptos will innovate and move faster. The mainstream will get DIZZY as more cryptos come out every day as “currencies” and [u]ironically devalue the entire mechanism[/u] - the more cryptos the less credibility for the movement. Crypto will be a punch line.
Digital commodity is undefinable. FTC could be become a complex system if it wanted to be. It could become what fiat and crypto could only dream to be.
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[quote name=“Horizon” post=“41866” timestamp=“1386552511”]
You got to the point pretty quickly. Great post. I think this scenario is real. And if this is the case, it’ll make BTC, LTC, FTC even more valuable - as a commodity investment. Because suddenly there won’t be an influx of JoeCoin or HarryCoin or whatever every week. We’ll be LOCKED IN. Not a bad scenario for us I think.
[/quote]JoeCoin and HarryCoin give us freedom from trading through the system. A currency doesn’t even have to last. It just has to serve its purpose.
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[quote name=“Horizon” post=“41885” timestamp=“1386555528”]
Digital commodity is undefinable. FTC could be become a complex system if it wanted to be. It could become what fiat and crypto could only dream to be.
[/quote]FTC already is doing this. LINK protocol and FLUX module.
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Joe and Harry will devalue us. All this from a non-miner point of view though which is a difference maker. Clearly, if I’m a miner I want more coins everywhere, with any label, and just like SF in the 1800s you find your exchange and trade em in, and move on…
