Bitcoin in usd 2013
We have so far looked into the following:. In part four we ask our experts what they think Bitcoin will be trading at in 12 months time. This is based on the assumption that all exchanges and measurements will move to mBTC as the defacto denomination rather then BTC at the moment. Obviously, this estimate is only capable if adoption continues to surge and the inclusion of bigger players such as Wall Street jumps in. Kingsley Edwards, Founder of LeetCoin responds: Alexander Lawn, director of KnCMiner responds: No idea, I would be happy to see Bitcoin continue its rise, but not at the cost of stability.
With increased adoption it can only increase in value, if that means within the developing world, who are only a generation behind w. Mrs P, the founder of The Bitcoin Wife responds: February is going to be a rockstar month for Bitcoin. Mark Norton, from Bitcoin Warrior responds: I am guessing that Bitcoin is going to keep going through these birthing pains it has been having.
We can expect to see sudden spikes and crashes with plateaus always higher than they were before. The ending price will really depend on what kind of news we hear during the year: Does Argentina go big for Bitcoin? Does one of the big investment houses, or a pension fund, suddenly decide that Bitcoin is a good investment and pour money in?
Or does the US decide that Bitcoin transactions across borders is a violation of currency control laws and crack down on Coinbase and CampBX? Nubis Bruno, Co-Founder of Conectabitcoin responds: Rodolfo Novak, Founder of Coinkite responds: Thats a tough question, the value of Bitcoin will be determined by regulation and some other factors which are ultimately controlled by government.
I am optimistic, the sheer force of Bitcoin and the revolution it brings to our outdated currency systems will allow it to flourish. The fact that there will be no more than 21 Million Bitcoin in existence will make them more valuable. Vitalik Buterin, Author at Bitcoin Magazine responds: Low thousands seems reasonable. It will never again grow as fast as it did in , but I think there is still quite a bit of progress to go. With the rise of other crypto currencies, predictions like these are harder to make.
On top of that we are dealing with something that has a 10 billion USD market cap revolutionising something that has a trillion USD market cap. Simon Edhouse, Managing Director of Bittunes responds: I think it will dip up and down, but competition from other currencies, and ones that do certain jobs better than Bitcoin will hold back its steady rise.
Morgan Rockwell, Founder of Bitcoin Kinetics responds: Max, Co-Founder of Bitcoin Manchester responds: But lets strip it down to three possible scenarios. Interesting will be to follow China, Russia and India as well as Africa, as these territories have a significant potential to be a game changer. I perceive Bitcoin as a payment method, not as an asset class, so I think it does not matter if Bitcoin price will go up, down or in circles, more importantly how many transactions will be done with Bitcoin in 12 months and how much value will be created for whole economy by it.
Willett, Founder of Mastercoin responds: Bitcoin traders, it can be said, are now akin to the jolly colonists selling stocks under buttonwood tree. That is all coming and at that point the market will harden itself against panics and booms.
Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their lunch. Ultimately new and old users are testing the limits of a system that, for a decade, has been untested. The futures market will be a big driver in growth and bust over the next few months as institutional investors begin using the currency.
Yes, to those who are betting big on BTC. Again, I cannot tell you whether to buy or sell but the common expectation is that bitcoin raises to a set point and then fluctuates between a high and a low until the next run up. Many expect foul play. Now that Bitcoin futures are available it is easy to buy into futures market first and then create a massive number of buys or sells of Bitcoin to ensure the price swings in favour of your futures contract.
Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation. But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility.