Topic: Anyone who bought coin under $18,000 BTC, will look like a genius soon (Read 1728 times)

I love this post 

So far folks value only one utility of Bitcoin

To wit, that of Bitcoin being a vehicle for wild speculation. Other than that, banks don't need to create private blockchains for sending money since the current system of wireless transfers is pretty efficient already (in terms of costs, at least). Introducing blockchain will only make it more clumsy and cumbersome. Blockchain works good in a trustless network, but banking systems with a Central bank at the top (or in the center) of it is a trusted environment by definition, i.e. all banks trust the local Central bank. Blockchain may make sense in respect to international fiat transfers, but its present owner, the US, won't give up its monopoly on such transfers anyway

Soon the only word we use soon bitcoin will be 4000$ soon bitcoin will be 50000$ everything soon. The way you posted it sounds like we are in the future and bitcoin is some 30000$ worth like how it was in past if you bought below 1000$ you will be rich now. Just think about the present the future of bitcoin is no certain it might no exist in future just enjoy some profits now don't just hold forever

18k USD per bitcoin price is a long term goal and not going to happen anytime soon for sure. I have a target of 10k USD price per bitcoin and I will probably sell out a majority of my bitcoin holding it it reaches that price. My target in another 4-5 years. I believe, bitcoin will reach at least 10K USD by that time. However, 18K USD seems a bit too high.

can you tell us, on which ground you are talking about this price? have you got any particular indication of it happening? I'm sure, 18K USD is not going to happen very easily and will require a huge market cap cumulatively more than the GDP of few countries. So please let us know your thoughts.

There are so many people who are desperately waiting for the dumping of the bitcoins in order to grab some of these precious coins. Majority is of those traders who gave up on their assets in the dumping phases. They are the most pitiful creatures in the crypto trading and market. Yeah, we should not miss any opportunity of grabbing bitcoins.

Well congratulations for buying 1.3 bitcoins, I hope this will give a lot of profit in coming months, but it’s not that much simple, you have to keep eye on market moment of bitcoin, always look for the factors that effect bitcoin, stay connected with this forum so that you can continually update from the facts about bitcoin because we are here for investors like you.

Bitcoin value can be measured by utility function.
For USD utility decreases as inflation increases and supply increases, because for 1 unit of USD you have less utility (less goods to buy) + plus other macro factors like demand for USD in order to buy bonds, stocks and technology in US.

Let's assume that bitcoin is a global currency with perfect utility (you can buy the same things in bitcoin and in USD or EUR, etc.). We also assume that bitcoin is perfectly fungible and can be divided into eg. 0.000000001. Therefore bitcoin will be a global currency - kind of average of all currencies in the world weighted by international trade balances with extra utility. For example: 30% USD, 30% EUR, 20% CHF, 20% JPY.

In this scenario the only advantage of holding  bitcoin over other currencies is that the utility is higher because we can send and use money (bitcoins) anonymously and globally, but price of bitcoin are likely to be discounted because of lack of safety. Blockchain itself will not be an advantage because Banks will also create own blockchains and decrease costs and time of sending money.

So the future scenario is as follows :
Banks will create own blockchains reducing time and cost of sending money. Therefore utility of bitcoin over fiat currencies will dropped.
Bitcoin will still exists because some people will like to send money anonymously and use it as global currency.

In scenario of perfect utility of bitcoin, the future price of bitcoin will be a function of supply and demand, because this is a global currency we can expect that many fiat currencies holders sell "fiats" to buy bitcoins to have the utility of bitcoin (anonymity, globality) this is the same with gold. But utility of gold is different and probably less than bitcoin nowadays.

Therefore demand for bitcoin will depend on utility - how people value the unique features of bitcoin.

Now, the utility is known but should be higher in the future, on the other hand many people hold enormous amounts of bitocins for for investment purposes and wait to sell them in right time (they do not need so much bitcoin to use it).

So forecasting price of bitcoin is a kind of gambling.
All that matters in terms of future price are :  utility and demand (supply is not a factor because of perfect fungibility).

So if you search for good coin look at utility of coin, maybe Ethereum has more to offer.

To me, I would be glad if the price could stay above 4K.
18K sounds great, but let's not hang your hops too high.
We would need some serious cash flow into bitcoin to complete that goal.
And I doubt that there are enough people out there willing to invest, especially when rumors of a possible bubble occure.

Given that the world population holds 80 trillion dollars on bank deposits and that only 0.1% uses bitcoin, I assume its market cap will stay around 80 billion, unless large financial institutions decide to join the game for good (but officially they are not so exited about it).

This thread is mere speculative one hence belongs to 'Speculation' section.
We all are well-aware of Bitcoin potential. It is still in its early adoption phase and hardly known to less than 1% population of the world. Since its prices are directly proportional to its demand, we can expect even six-digits BTC price in future. We can refer increase in BTC prices as 'premium' so this 'premium' gonna swell many-times in future due to its demand where real value (utility) may remain stagnant.

That's probably true but at the same time think how many people could have done the same thing four years ago. People never trust in the upward rise, and people never trust in themselves. There's no doubt that two years down the road the price is going to be higher than it is now even four years there is a point when things are going to change but it's not coming anytime soon.

OK... So it means that I am one of those intelligent guys. A few months back, when the exchange rates were around $1,000 per coin, my friend gave me a choice. A payment of $100 was pending, and he offered to pay 5% extra if he could make the payment in Bitcoin rather than PayPal. At that time, I didn't knew anything about Bitcoin. But I agreed to his proposal and he paid me BTC0.105. 

Yeah, we've seen threads like this before. I could see this happening but not anytime soon.

I don't really understand why you specifically selected $18,000.Bitcoin price is almost $4000 today and it is soon expected to cross $5000.People who bought bitcoins at $1800 would think that people who bought at $1000 this january as wise and people who bought at $3000 would think people who had bought at $1800 as wise and it would continue in this process.But i would say that all people who had bought bitcoins below $5000 as wise because bitcoin price is soon going to sky rocket as most countries are going to legalize bitcoins,especially india being the second largest populated country in the world is soon to legalize bitcoin.It would trigger the bitcoin price more.

There is another allegedly "side" effect

When Bitcoin goes for a major correction (that is set to happen one day anyway, though we can't know for sure when exactly), altcoins are likely to plunge along with Bitcoin as well, and that will likely be the right moment to buy them up in massive amounts until the dust settles and they rebound strongly to their recent prices. I don't say that the current pumping aims specifically at that, this may just be an unintended effect that a Bitcoin correction would probably cause to happen but that doesn't mean either that we shouldn't grab at the opportunity

$18,000 in BTC is a lot of money. I think bitcoin will reach there because it has the potential to reach there, but not so soon. I think people who are buying bitcoin with the price that is now and hold them some years, will have lots of gains, but investing when it will be valued 18,000$ you have to have a big money account with fiat.

I haven't accumulated enough to feel the euphoria of these ATHs; perhaps a slight tinge of regret that I cannot buy any or am not earning them quickly enough. But far from feeling too bad about it, it's just pushing me to reach my personal target of 1 BTC in savings by the end of the year. If it ever reaches even $10,000 by early 2018, I'll consider myself an absolute genius for ensuring I reached my goal before then.

Big fat correction? You bet! Been holding off earnings for a few weeks and hoping to request them when the inevitable, if temporary, correction comes.

The first thing I do in the morning is look at the bitcoin chart.
Everyday I somehow expect a setback, but it does not come.
When we keep having the same speed as we have now this might actually happen that 18K are reachable somewhen next year.
By the way, what happened with the ETF?

It's pretty good knowing when you wake up one day your $3000 worth of bitcoin become $18,000...Too ambitious in the eye of some people but in bitcoin everything is possible..We all know bitcoin started from merely $10 and look at now the value range to $4000 - $4500 and continuously growing nothing is impossible with bitcoin I think that is one reason why people keep on holding their coins and waiting for the big shot for bitcoin.

Well I think at any price, we will look like geniuses when we buy Bitcoin. Bitcoin is perceived to go even higher as time goes by so just simply buying no matter the price is, I will consider them as genius. This is because they are smart enough to see the potential of Bitcoin when some people say that Bitcoin is just a joke. At some point in time, these people saying that Bitcoin is a joke will definitely eat their own words. So do you have a Bitcoin at any amount? Then you are a genius!