56% of Bitcoiners Believe the Bitcoin Price Will Reach $10k in 2014
More than half of bitcoiners believe the price of their favourite digital currency will reach $10,000 this year, a CoinDesk poll has revealed. 2013 was a turbulent year for bitcoin, with the price of the digital currency fluctuating between $13 and $1,147, but the bitcoin community largely thinks it will soar way higher than this over the next 12 months. A whopping 56% of the 5,500 people polled so far said they believe the price will reach $10,000 this year. Some 31% said they didn't think the price would rise to this level and 13% thought the notion of it reaching $10,000 was ridiculous,....
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2013 saw the price of bitcoin go from $13 to $266, then to almost $1,200 on the back of strong growth in China. There was a correction, as the Chinese government implemented policies to make bitcoin trading much more difficult, but the digital currency has since rallied and shown significant resilience in the face of adversity. Many believe the price of bitcoin will increase in 2014, with some Wall Street analysts even predicting it could reach almost $100,000 at some point. But what do you think will happen to the price in the coming year? Do you think the bitcoin price will hit $10,000....
Bitcoin price to reach 2000 USD by the end of February? Look at the graph above. Just in a couple of days we have seen a massive buy of Bitcoins pushing the price up to more than 1000 USD on Mt. Gox. When I was checking the prices today, I did not expect them to be even higher than they was yesterday. Usually after a big run, they tend to fall sharply until they rise again. This does not seem to have happened. I wrote a post yesterday describing why the sudden increase in the Bitcoin price happened. Gordon Geeko followed up with a more comprehensive analysis. As I am looking at the....
Despite a steady drop in the Bitcoin price following the beginning of #BitcoinBlackFriday around the world, the Bitcoin price seems to be on an uptrend as the day draws to a close. The low from earlier today was ~$358, and the Bitcoin price has quickly jumped to ~$381 on Bitstamp. The site bitcoinblackfriday.com has had an undeniably large effect on the development of Bitcoin Black Friday each and every year. BitcoinBlackFriday founder Jon Holmquist, speaking exclusively with CCN, said: We're super excited for Black Friday, although we had a couple hiccups launching the site, we're now....
If Bitcoiners truly strive for permissionless freedom, they should run their own hardware free from centralized third parties. The post Bitcoiners Run Hardware appeared first on Bitcoin Magazine.
Many companies and individuals are banking on bitcoin's long-term prospects, hoping that the currency's value will continue to rise. According to a recent CoinDesk poll, 56% of bitcoiners think that the price of one BTC will reach $10,000 in 2014. But wait - hasn't it been made crystal clear that bitcoin is volatile? Isn't it true that exchanges have vastly differing prices? How can investors avoid the hazardous and risky attributes of bitcoin? Ways to protect value for those holding bitcoin (without exchanging it for fiat) must emerge. Hedging, a common financial procedure used in....