That price is way to high and to good to be true so it will not happen this year. If that is going to happen I would be in shock but I like staying realistic and don not give my hopes up for nothing.
don't confuse ignorance for realism
Topic: $13,000 bitcoins by the end of 2016? $120,000 by 2018? (golden ratio fractals) - page 4. (Read 13841 times)
June 06, 2016, 11:02:59 AM
don't confuse ignorance for realism
June 06, 2016, 09:43:10 AM
That price is way to high and to good to be true so it will not happen this year. If that is going to happen I would be in shock but I like staying realistic and don not give my hopes up for nothing.
June 05, 2016, 07:30:08 AM
I think the title should be changed to "$1,300 bitcoins by the end of 2016? $12,000 by 2018?". That is more achievable.
no
i am not even going to explain again, just read the thread.
June 05, 2016, 03:01:30 AM
I think the title should be changed to "$1,300 bitcoins by the end of 2016? $12,000 by 2018?". That is more achievable.
May 30, 2016, 01:28:15 PM
The best sustainable price bitcoin could reach in my calculations is in the ballpark of $10,000,000 (measured in current day dollars)
anything above that is manipulated
but that's not even saying that it is impossible to reach higher numbers than that, for similar reasons as why the stock market is inflated right now.
Say lots of large pension funds and insurance companies and stuff like that invest in bitcoin, and they also think bitcoin will rise 10x a year every year forever (which is of course not possible, but those guys are so far detached from reality that they think that just because something rises 10x in one year it will rise 10x every year until infinity).
But obviously those guys are too big too fail, and to avoid risking them to fail, governments will actually bail out bitcoin, so that those large funds don't collapse because of their bad predictions. And thus bitcoin will be pumped like the stock markets are right now.
That way, bitcoin could even reach $100,000,000 or even a billion per coin.
Obviously, such a price would not be sustainable at all, so it would eventually collapse if such a thing were to happen, but it's possible that it will happen.
I don't consider it very likely, but then again, those large financial institutions and the governments have shown us that they don't apply any logic whatsoever to economies, and they have basically infinite amounts of money, so who knows.
Anyway, the maximum sustainable price i think is around $10,000,000 although i doubt we would reach that high.
$1,000,000 though seems pretty likely in the long run, and $100,000 is inevitable.
Ahhhhh yis, Bitcoin porn FTW! anything above that is manipulated
but that's not even saying that it is impossible to reach higher numbers than that, for similar reasons as why the stock market is inflated right now.
Say lots of large pension funds and insurance companies and stuff like that invest in bitcoin, and they also think bitcoin will rise 10x a year every year forever (which is of course not possible, but those guys are so far detached from reality that they think that just because something rises 10x in one year it will rise 10x every year until infinity).
But obviously those guys are too big too fail, and to avoid risking them to fail, governments will actually bail out bitcoin, so that those large funds don't collapse because of their bad predictions. And thus bitcoin will be pumped like the stock markets are right now.
That way, bitcoin could even reach $100,000,000 or even a billion per coin.
Obviously, such a price would not be sustainable at all, so it would eventually collapse if such a thing were to happen, but it's possible that it will happen.
I don't consider it very likely, but then again, those large financial institutions and the governments have shown us that they don't apply any logic whatsoever to economies, and they have basically infinite amounts of money, so who knows.
Anyway, the maximum sustainable price i think is around $10,000,000 although i doubt we would reach that high.
$1,000,000 though seems pretty likely in the long run, and $100,000 is inevitable.
May 30, 2016, 12:37:16 PM
The best sustainable price bitcoin could reach in my calculations is in the ballpark of $10,000,000 (measured in current day dollars)
anything above that is manipulated
but that's not even saying that it is impossible to reach higher numbers than that, for similar reasons as why the stock market is inflated right now.
Say lots of large pension funds and insurance companies and stuff like that invest in bitcoin, and they also think bitcoin will rise 10x a year every year forever (which is of course not possible, but those guys are so far detached from reality that they think that just because something rises 10x in one year it will rise 10x every year until infinity).
But obviously those guys are too big too fail, and to avoid risking them to fail, governments will actually bail out bitcoin, so that those large funds don't collapse because of their bad predictions. And thus bitcoin will be pumped like the stock markets are right now.
That way, bitcoin could even reach $100,000,000 or even a billion per coin.
Obviously, such a price would not be sustainable at all, so it would eventually collapse if such a thing were to happen, but it's possible that it will happen.
I don't consider it very likely, but then again, those large financial institutions and the governments have shown us that they don't apply any logic whatsoever to economies, and they have basically infinite amounts of money, so who knows.
Anyway, the maximum sustainable price i think is around $10,000,000 although i doubt we would reach that high.
$1,000,000 though seems pretty likely in the long run, and $100,000 is inevitable.
anything above that is manipulated
but that's not even saying that it is impossible to reach higher numbers than that, for similar reasons as why the stock market is inflated right now.
Say lots of large pension funds and insurance companies and stuff like that invest in bitcoin, and they also think bitcoin will rise 10x a year every year forever (which is of course not possible, but those guys are so far detached from reality that they think that just because something rises 10x in one year it will rise 10x every year until infinity).
But obviously those guys are too big too fail, and to avoid risking them to fail, governments will actually bail out bitcoin, so that those large funds don't collapse because of their bad predictions. And thus bitcoin will be pumped like the stock markets are right now.
That way, bitcoin could even reach $100,000,000 or even a billion per coin.
Obviously, such a price would not be sustainable at all, so it would eventually collapse if such a thing were to happen, but it's possible that it will happen.
I don't consider it very likely, but then again, those large financial institutions and the governments have shown us that they don't apply any logic whatsoever to economies, and they have basically infinite amounts of money, so who knows.
Anyway, the maximum sustainable price i think is around $10,000,000 although i doubt we would reach that high.
$1,000,000 though seems pretty likely in the long run, and $100,000 is inevitable.
May 30, 2016, 11:58:57 AM
I'm curious as to your thoughts here. So much speculation these days is so grounded in reality: "Will we hold above $270? What about touching $230 again? Will we see $400 again?"
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
if you're being realistic, it's only logical to conclude bitcoin can not be this cheap forever.
21 million bitcoin
7.4 billion people
less then 0.003 bitcoin per person.
do the math yourself.
$400 per bitcoin is way too cheap.
like, 100~10,000 times too cheap. (depending on a lot of unknown factors, but either way, it's WAY too cheap).
The only realistic prediction is that in the next couple of years bitcoin will increase in price by at LEAST 100 times.
there's no other way. This is not just wishful thinking, it's math.
There are clear similarities in the OP's predicted chart course and what has actually played out in reality since the prediction was made.
Pay attention!!
Pay attention!!
yes because the OP chart had the right idea all along.
predictions like these are never 100% matches, but it's about the general idea, and that is quite spot on.
Those people saying $1000 is delusional are delusional themselves if they think it will be $600 for the next couple of years. That's just bloody ridiculous and impossible. As if millions of people will have the chance to accumulate infinite amounts of bitcoin for the cheap cheap price of $600 while the supply of bitcoin is not only finite, but VERY limited and about to become even MORE limited than it already is.
God some people are such idiots.
I don't believe in $100,000 per bitcoin only because I find it hard to fathom. Imagine what state the world must be in for that to happen.
In saying that, I can't help but to not see it happening because it is so far detached from the current reality, YET that may just be the very reason why it could actually happen.
It really is not out of the realm of possibility.
There are plenty of potential storms on the horizon and it may only take a rogue large multinational or government anticipating one to trigger a crypto arms race.
Here are a couple worries:
Pension fund crisis due to ZIRP - many US funds are massively underwater; they made assumptions on future growth (eg 7.5%) based on past performance.
Financial Institution bankruptcy ala Lehmann Brothers, possibly beginning in Euro Area - In a NIRP environment banks die a slow death, some still saddled with toxic derivatives and are unable to turn profits from existing business avenues. Demand has dried up and Basel 3 requirements bite.
Rapid, unstable devaluing of Chinese Yuan - a country cannot outrun the Impossible Trinity (open capital account, independent monetary policy and pegged currency). A devaluation is the least worst option for a heavily levered and indebted Chinese economy.
Bond market implosion - it is the trade that the majority think can never blow up, but a market led rise in interest rates or a loss in confidence of government would turn it into a multi trillion dollar bloodbath.
Rapid global expansion of debt - there was no real austerity, just a transfer of debt from private (see:banks) to public (government) balance sheets. Even the IMF recently wrote that austerity does not work. In any case China by itself has added 21 trillion in debt in 8 years, part of global 57 trillion attempted reflation.
Japan - even when the government gave the people free monetary coupons with an expiry date, many people did not redeem them, such is their ingrained mentality.
They possibilities may be at long odds and continue to be only a possibility but I think if a crisis hits it will be a big one. And there are not too many places that will be safe; even gold and bitcoin will likely get sucked down by the initial weight of any crash (as people sell what they can, not what they want, when cash is short). But, especially if the crisis is in government, fleeing money will be looking to alternate asset classes.
Big question is, who will get first mover advantage by being the first multinational company or government to stockpile some bitcoin?
May 30, 2016, 10:11:45 AM
I'm curious as to your thoughts here. So much speculation these days is so grounded in reality: "Will we hold above $270? What about touching $230 again? Will we see $400 again?"
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
if you're being realistic, it's only logical to conclude bitcoin can not be this cheap forever.
21 million bitcoin
7.4 billion people
less then 0.003 bitcoin per person.
do the math yourself.
$400 per bitcoin is way too cheap.
like, 100~10,000 times too cheap. (depending on a lot of unknown factors, but either way, it's WAY too cheap).
The only realistic prediction is that in the next couple of years bitcoin will increase in price by at LEAST 100 times.
there's no other way. This is not just wishful thinking, it's math.
There are clear similarities in the OP's predicted chart course and what has actually played out in reality since the prediction was made.
Pay attention!!
Pay attention!!
yes because the OP chart had the right idea all along.
predictions like these are never 100% matches, but it's about the general idea, and that is quite spot on.
Those people saying $1000 is delusional are delusional themselves if they think it will be $600 for the next couple of years. That's just bloody ridiculous and impossible. As if millions of people will have the chance to accumulate infinite amounts of bitcoin for the cheap cheap price of $600 while the supply of bitcoin is not only finite, but VERY limited and about to become even MORE limited than it already is.
God some people are such idiots.
Bitcoin will not reach all the inhabitants of the planet, sure the more people get in the more it has value, but you have to take out al the old, the babies, the illeterate, thos who don't use internet, it's a big portion of those who live on this planet.
At best there are 500 Million potential bitcoin users all over the world, 21000000/500000000=0.042 BTC per user a realistic estimation based on this will be a price of bitcoin around the $3000-5000 in the coming years, but it's not going to happen overnight, it will take some time and some ups and downs.
Also don't forget competition from other cryptos that may get a good prtion of the users who will find bitcoin too hard to get and too expensive.
those 500 million people own like 80%~90% of the global wealth. So your calculations are invalid
and on top of that like the posters above me mentioned, there's also other things to consider.
Bitcoin as a store of wealth taking a large cut of the gold/silver market, even if it would take 1~10% of the gold market it would increase by 10 to 100 times.
Remittance market would add quite a bit of value as well
so many other things.
bitcoin is not just a currency.
Indeed, a lot of people forget that we don't necessarily need mainstream adoption to reach moon type of price, we only need a couple of whales figuring out the fact that Bitcoin is the ultimate store of value and the best way to keep your wealth out of governments that want to ruin your hard earned money with ridiculous taxes. Once they realize this, trillions of dollars will start flocking into the ecosystem. So stop waiting for mass adoption, we don't really need this, we just need some whales to wake the fuck up and move their millions over here with the winning team.
May 30, 2016, 09:53:26 AM
I'm curious as to your thoughts here. So much speculation these days is so grounded in reality: "Will we hold above $270? What about touching $230 again? Will we see $400 again?"
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
if you're being realistic, it's only logical to conclude bitcoin can not be this cheap forever.
21 million bitcoin
7.4 billion people
less then 0.003 bitcoin per person.
do the math yourself.
$400 per bitcoin is way too cheap.
like, 100~10,000 times too cheap. (depending on a lot of unknown factors, but either way, it's WAY too cheap).
The only realistic prediction is that in the next couple of years bitcoin will increase in price by at LEAST 100 times.
there's no other way. This is not just wishful thinking, it's math.
There are clear similarities in the OP's predicted chart course and what has actually played out in reality since the prediction was made.
Pay attention!!
Pay attention!!
yes because the OP chart had the right idea all along.
predictions like these are never 100% matches, but it's about the general idea, and that is quite spot on.
Those people saying $1000 is delusional are delusional themselves if they think it will be $600 for the next couple of years. That's just bloody ridiculous and impossible. As if millions of people will have the chance to accumulate infinite amounts of bitcoin for the cheap cheap price of $600 while the supply of bitcoin is not only finite, but VERY limited and about to become even MORE limited than it already is.
God some people are such idiots.
Bitcoin will not reach all the inhabitants of the planet, sure the more people get in the more it has value, but you have to take out al the old, the babies, the illeterate, thos who don't use internet, it's a big portion of those who live on this planet.
At best there are 500 Million potential bitcoin users all over the world, 21000000/500000000=0.042 BTC per user a realistic estimation based on this will be a price of bitcoin around the $3000-5000 in the coming years, but it's not going to happen overnight, it will take some time and some ups and downs.
Also don't forget competition from other cryptos that may get a good prtion of the users who will find bitcoin too hard to get and too expensive.
those 500 million people own like 80%~90% of the global wealth. So your calculations are invalid
and on top of that like the posters above me mentioned, there's also other things to consider.
Bitcoin as a store of wealth taking a large cut of the gold/silver market, even if it would take 1~10% of the gold market it would increase by 10 to 100 times.
Remittance market would add quite a bit of value as well
so many other things.
bitcoin is not just a currency.
May 30, 2016, 07:42:42 AM
Of course your assumptions are based on "if everything stays as it is"---
You are neglecting to consider the possibility of capital flows into bitcoin from other assets.
For example if bitcoin took 1% of gold's value.. or 1% of FX market.. or black market etc. etc. That would increase your base value by some.
You are neglecting to consider the possibility of capital flows into bitcoin from other assets.
For example if bitcoin took 1% of gold's value.. or 1% of FX market.. or black market etc. etc. That would increase your base value by some.
The US treasurary bonds are worth about $20 trillion. If that is represented in bitcoin, it means $1 million each bitcoin.
May 28, 2016, 05:16:45 AM
Of course your assumptions are based on "if everything stays as it is"---
You are neglecting to consider the possibility of capital flows into bitcoin from other assets.
For example if bitcoin took 1% of gold's value.. or 1% of FX market.. or black market etc. etc. That would increase your base value by some.
You are neglecting to consider the possibility of capital flows into bitcoin from other assets.
For example if bitcoin took 1% of gold's value.. or 1% of FX market.. or black market etc. etc. That would increase your base value by some.
May 28, 2016, 04:47:53 AM
I'm curious as to your thoughts here. So much speculation these days is so grounded in reality: "Will we hold above $270? What about touching $230 again? Will we see $400 again?"
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
if you're being realistic, it's only logical to conclude bitcoin can not be this cheap forever.
21 million bitcoin
7.4 billion people
less then 0.003 bitcoin per person.
do the math yourself.
$400 per bitcoin is way too cheap.
like, 100~10,000 times too cheap. (depending on a lot of unknown factors, but either way, it's WAY too cheap).
The only realistic prediction is that in the next couple of years bitcoin will increase in price by at LEAST 100 times.
there's no other way. This is not just wishful thinking, it's math.
There are clear similarities in the OP's predicted chart course and what has actually played out in reality since the prediction was made.
Pay attention!!
Pay attention!!
yes because the OP chart had the right idea all along.
predictions like these are never 100% matches, but it's about the general idea, and that is quite spot on.
Those people saying $1000 is delusional are delusional themselves if they think it will be $600 for the next couple of years. That's just bloody ridiculous and impossible. As if millions of people will have the chance to accumulate infinite amounts of bitcoin for the cheap cheap price of $600 while the supply of bitcoin is not only finite, but VERY limited and about to become even MORE limited than it already is.
God some people are such idiots.
Bitcoin will not reach all the inhabitants of the planet, sure the more people get in the more it has value, but you have to take out al the old, the babies, the illeterate, thos who don't use internet, it's a big portion of those who live on this planet.
At best there are 500 Million potential bitcoin users all over the world, 21000000/500000000=0.042 BTC per user a realistic estimation based on this will be a price of bitcoin around the $3000-5000 in the coming years, but it's not going to happen overnight, it will take some time and some ups and downs.
Also don't forget competition from other cryptos that may get a good prtion of the users who will find bitcoin too hard to get and too expensive.
May 28, 2016, 04:25:26 AM
I'm curious as to your thoughts here. So much speculation these days is so grounded in reality: "Will we hold above $270? What about touching $230 again? Will we see $400 again?"
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
After reviewing the galactic archives it really does look a lot like 2012. So let's just dream a little about the possible near-future that no one expects: a titanic rocketship to absurd levels that seem like god-damned delusions right now (just like $2 -> $1200 seemed absurd222 back in 2012). Check out one TradingView user's wild speculation:
if you're being realistic, it's only logical to conclude bitcoin can not be this cheap forever.
21 million bitcoin
7.4 billion people
less then 0.003 bitcoin per person.
do the math yourself.
$400 per bitcoin is way too cheap.
like, 100~10,000 times too cheap. (depending on a lot of unknown factors, but either way, it's WAY too cheap).
The only realistic prediction is that in the next couple of years bitcoin will increase in price by at LEAST 100 times.
there's no other way. This is not just wishful thinking, it's math.
There are clear similarities in the OP's predicted chart course and what has actually played out in reality since the prediction was made.
Pay attention!!
Pay attention!!
yes because the OP chart had the right idea all along.
predictions like these are never 100% matches, but it's about the general idea, and that is quite spot on.
Those people saying $1000 is delusional are delusional themselves if they think it will be $600 for the next couple of years. That's just bloody ridiculous and impossible. As if millions of people will have the chance to accumulate infinite amounts of bitcoin for the cheap cheap price of $600 while the supply of bitcoin is not only finite, but VERY limited and about to become even MORE limited than it already is.
God some people are such idiots.
May 28, 2016, 04:14:58 AM
There are clear similarities in the OP's predicted chart course and what has actually played out in reality since the prediction was made.
Pay attention!!
Pay attention!!
May 28, 2016, 03:17:39 AM
Over 2000$ by the end of 2016 is possible, 5000$ 2017-2018...10K$ is only a dream
May 28, 2016, 03:07:41 AM
I think it is possible for the price to be $1200 by the end of 2016. But for $13,000, it is not very possible.
May 19, 2016, 09:54:17 AM
This is not happening in 2016 we are not even at $1000 so I am sure that $13,000 is not happening. And $120,000 in 2018 is also not happening it just is to unrealistic.
We have to be real here and focus on the real things speculating about these numbers is not going to help us.
We have to be real here and focus on the real things speculating about these numbers is not going to help us.
lolz, I recall January 2013, btc at $10, flash forward to april 2013, omgz flash up to $260 and settle around $120, so don't be too surprised when it touches near $10k this year, its more possible than you realize.
But gold will be still a strong currency and that is perfect but it is really hard to predict.
So you have to take the risks if you are going to sell it and that is the problem.
May 19, 2016, 06:46:22 AM
The value of the Bitcoin is now almost at $500, but for it to be $13,000 at the end of 2016 is just ridiculous and not happening. We have to stay realistic and that is just not even close to being realistic.
i must agree with you this is just to much even in my high hopes i never said it would come to this 13k is just little big to off the pase
my higher hope was to be around 3-3.5K but is 4 time higher
but its not wrong to speculate
May 19, 2016, 03:36:20 AM
The value of the Bitcoin is now almost at $500, but for it to be $13,000 at the end of 2016 is just ridiculous and not happening. We have to stay realistic and that is just not even close to being realistic.
May 19, 2016, 03:14:47 AM
This is not happening in 2016 we are not even at $1000 so I am sure that $13,000 is not happening. And $120,000 in 2018 is also not happening it just is to unrealistic.
We have to be real here and focus on the real things speculating about these numbers is not going to help us.
what was impossible before had already happened We have to be real here and focus on the real things speculating about these numbers is not going to help us.
I want to believe in this speculation! bitcoin price will rise once again, might not be a rocket change but at least there will be increment
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