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Showing 13 of 13 results by foozewol
I'm sure we will have have mass adoption, in either 2015 or 2016. If paypal,ebay and facebook accepts bitcoin for payments.
With mass adoption and ETF coming, bitcoin's value will be higher than 20,000$.
Time for some fun analysis.
$10,000 in 3 years.
Lets pretend that we were already at $500 for simplicity.
We need to rise $9,500 over 3 years = average of $3,166/year or $264/month
Of course we know that Bitcoin doesn't just rise a static amount each month, it tends to go through exponential bubble phases.
The previous bubble involved doubling every 2 weeks. (100, 200, 400, 800, 1200 - less than 4 doublings)
It is worth noting that MtGox was slow and shit during that bubble, and prevented it from going further.
The end of the bubble taking us to $10k should involve doublings of the following values over 2 week periods.
$10,000 (target!)
$5,000
$2,500
$1,250
$625
$10,000 is no magic number. It could go higher or lower, for example it could peak at $12,437, $23,299, or $8999. We don't know.
Due to our current trajectory I do not think $10,000 is high enough for a bubble, because $625 will be approached too slowly. If the bubble starts closer to $1,250 it is likely to go much higher than $10,000 (remember, just one extra doubling is $20,000).
Conclusion
For the bubble to stop at $10,000 we would need to start doubling at around our current price, which is not going to happen without a major game changing event (e.g. bank runs). Therefore I predict the next bubble to go over $20,000.
$10,000 in 3 years.
Lets pretend that we were already at $500 for simplicity.
We need to rise $9,500 over 3 years = average of $3,166/year or $264/month
Of course we know that Bitcoin doesn't just rise a static amount each month, it tends to go through exponential bubble phases.
The previous bubble involved doubling every 2 weeks. (100, 200, 400, 800, 1200 - less than 4 doublings)
It is worth noting that MtGox was slow and shit during that bubble, and prevented it from going further.
The end of the bubble taking us to $10k should involve doublings of the following values over 2 week periods.
$10,000 (target!)
$5,000
$2,500
$1,250
$625
$10,000 is no magic number. It could go higher or lower, for example it could peak at $12,437, $23,299, or $8999. We don't know.
Due to our current trajectory I do not think $10,000 is high enough for a bubble, because $625 will be approached too slowly. If the bubble starts closer to $1,250 it is likely to go much higher than $10,000 (remember, just one extra doubling is $20,000).
Conclusion
For the bubble to stop at $10,000 we would need to start doubling at around our current price, which is not going to happen without a major game changing event (e.g. bank runs). Therefore I predict the next bubble to go over $20,000.
Seeing a value of 20,000$ would be great but I think that the next bubble will be lower than $10,000.
Banned because I'm an abusive admin and I SHALL BAN EVERYONE!!!!!!!!!!!
You have been banned for trying to depopulate the forum! xD
Banned for being insubordinate to an abusive phony-admin!