Quote from: picolo on November 14, 2014, 09:11:09 PM

Quote from: JayJuanGee on November 14, 2014, 05:44:54 PM

How many months do you anticipate BTC prices will be lingering in these $360 to $800 prices?

I am thinking that we could be in this price range for 6 months or potentially longer (maybe up to a year), even though it does seem that the next bubble is more imminent, such as more likely to occur within the next 1-3 months.

My current theory also is that once BTC prices get into the $750 to $850 range, then the taking of profits will likely subside for a short period of time while the masses and the sideline money jump onto the upward momentum train that take us past the previous ATH and into the $3k to $13k price per BTC range. Let's say on average at the moment anticipating a $7,500 price per BTC would put BTC market cap at approximately $105 billion. Such a market cap does NOT seem outside of reason given the amount of infrastructure building in the BTC space (and the sheer powerfulness of the BTC computing network).... but even $7.5k per BTC may NOT be sustainable until after the next halfing of BTC mining production.. and until more BTC infrastructure is built.... but yep, BTC prices can surely escalate into a couple more 5x to 10x bubbles so long as the network and adoption keeps expanding at extrapolated levels of its current pace.

100billions of market cap is not out of the question at all if there are hints that Bitcoin could get way bigger in a few years

One of the Winklevii predicted 400 billion ($40,000 per coin)

"Small bull case scenario for Bitcoin is a 400 billion USD dollar market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don't know, but if it happens, it will probably happen much faster than anyone imagines." http://cryptologie.net/article/45/cameron-winklevoss-ama-on-reddit/

I'm just posting this up for my future self to look on and wonder if it ever hit that mark.

I'm not so sure but obviously would love it if it did

Good luck everyone . . .

Gundale

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