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!

I wouldn't really expect that. Let's see after corrections are made but even after that it's not really that wise to expect that we'll even exceed 10k that quick much more 18k. Personally, even with this quick price hike, i'm still not going to be complacent.

Who knows? the bitcoin price spiking like crazy as of now and no one predicted that yet  maybe you were saying that bitcoin is impossible to reach $18,000 within this years but there's a damn chance. no obvious reason to why bitcoin will stick below $10,000 . Be optimistic

Genius yeah that's right. by the way For BTC prices we all expect all the best, but up to 18K $ year later it will not be that much. Most only up to 10K $.  If two years ahead there is to possible BTC prices reach up to 30K $ hope for the best. Just my predict

Not just actually a genius but a person who is wiser and wealthier. I am really hoping/wishing that Bitcoin would go on and on and will not retract what it already gained so far. I know that there will be some corrections but the trend should be up and up and away.

We should be happy that Bitcoin has gone to become a fulfilled promise for many people. I am sure that many are so happy with the continuing increase of their Bitcoin's value.

Bitcoin is the real genius here and the man who introduced to all of us!

very simple buy now and wait and watch how your dollors triple!!! btw I bought 1.3 btc today:)

I think you are right for most parts. As i am sure there are people influencing the market to benefit there agenda. That's what they call whales in crypto trading. When whales sell there coins, they move a large portion and many people will panic sell and follow. So be assured that some smart guys are getting ridiculously richer every year and i know it ain't me

It does not need time you can buy bitcoin anytime. In my opinion those who bought earlier are real lucky ones. And if someone buys them right now he will also be considered as lucky one because its values is not much according to its future. Where it will worth that much that a normal person will not b able to buy them easily. So buy it if you can.

I'm not saying that Bitfinex is purely responsible, but may be a large contributing force in the context of the broader uptrend. Bitfinex is the largest exchange in the West, so it can't be ignored that 1) they have no working fiat withdrawals, and 2) US customers need to exit their exchange. So this should definitely push the price up.

Tether can be used to soften this effect, by moving USD obligations to other exchanges (hence the huge recent increase in supply).

How things are going we will get to 10.000$ very soon, and that is not a joke. Some predictions from experts that next year bitcoin will be over 10k are looking very possible in this moment, every day is new all times high, what kind of power we wish to see more. If couple big countries follow Japan, Australia and legalize bitcoin I can`t see that something can stop bitcoin on its way to 10k and later too much more.
Anyone who bought bitcoin will be in advantage, no matter on which price bitcoin was bought, important is that you have it. At the moment early adopters are looking like genius now, for 10 year we will be early adopters and level genius but how we going to call people that are here since 2010? Some wise asses we are here, I hope year will be luck as this year was.

More so those who did not even bought them, but earned them by fauceting, posting, doing small tasks and trading. That would be very satisfying.

Although it would have even better to buy a lot cheap ... for sure 

The higher the price is going up, the more respect I have for those who have started buying and holding their coins at the time the value was just a few bucks a piece. Imagine how things must feel when at some point the price reaches the $10,000 level for the first time, and you look at your total Bitcoin wealth while thinking back at their initial purchasing price -- that must be the most satisfying feeling on earth.

Intresting point of view.
I read about way to control portfolio investments with similar idea - in period of time sold stocks that gave most of profit and buyed that did not do it yet. It is strategy works on growing market. So if market will continie grow it is good way to maximize profit.

And I have an idea

That Bitcoin is pumped right now specifically to make people move funds from certain altocoins. If you look at the Litecoin price as of recent, it is almost stuck in a narrow range between 45-46 dollars per coin, though it obviously goes down in bitcoins. This looks pretty strange to me, as though someone deliberately tried to make this coin look very unappealing by, first, sort of freezing its price in dollars, and, then, by making it go down in bitcoins. Personally, if Litecoin went down in dollars, I would most certainly buy more of it, but I can't buy because its price is virtually stuck in that range. But I am ready to wait patiently as much as needed

Let's analyse it 2013 edition.

"If you buy under $100 you will look like a genius!" - happened.
"If you buy under $500 you will look like a genius!" - happened.
"If you buy under $1000 you will look like genius!" - happened.
"If you buy under $2000 you will look like a genius!" CRASH.

The thing is that every time there's a price increase, people start expecting the price to go higher.  People set arbitrary limits at which they will sell but in reality they just set these higher and higher until they get so greedy that they lose money.

You just have to look at it logically.  The price has gone up very dramatically already.  In BTC's current state, if the price continues to rise it will be completely illogical, so it would make sense not to keep buying.  Sure, the price could go higher, but it shouldn't do so and it can't do so forever. 

If you buy, you have to understand that there are huge risks involved at this point and that you should be prepared to hold for a very long time.

OK... Let's analyze it. Has the 1st prediction come true? Yes. What about the second one? That one also have been realized. And the third one... those guys are sitting on top of 40% ROI as of now. So in short, I don't care whether it is without logic or not. BTC has given insane returns till now, and let's hope that this will continue for the future as well.

well genius is a very subjective word but if bitcoins price rose so high in the near future and at the same time you kept all your bitcoins then you might look like one to some

average people--the ones who are not fairly knowledgeable on this field but for those who are, you will not look one because making a wise decision doesn't make you one.

a genius in my opinion means the ones who creates and bring innovation

same for the ones who buy today if you look from 10 years from now

Geniuses have profit on growing market and on falling too. So I doubt that they exist. Exept marketmakers ofc.

With that statement everybody on the forum would look like genius here. :-)

But the genius would be the person who will not sell his BTC even after the price of bitcoin goes up very high. The genius would be the one supporting the pump and not letting it down by selling the bitcoin for fiat.

Hope to see lots of geniuses supporting this all new pump. Bitcoin has always risen my adrenaline whenever I see the rise in price and notifications all around me. Hope to see this excitement goes up all the way to moon as we always thought.

Real genius are those who bought bitcoin by the price under 200$. I joined bitcoin just in that moment when the price was 200-300$ per BTC, but besides that fact that I hadn't money to invest at all, this sum seemed for me too high for such project as Bitcoin. Normally now I regret I didn't bought couple of coins, but what to do? We all learn during the time and the experience.

There is a topic for every combination of "Did you buy bitcoin when it was xx.xxx than you are millionaire". If you looking at unread threads as often as I do you will see all speculations and one of them will become true eventualy .What suprises me more there is a unspokable rule for this threads. You can't state any valuable argument or logic behind your speculation.You just have to say it will reach this amount and people will argue about it no mather what.It's actualy quite fun the read all of them .

No, not really in fact. Just if you buy at any price before the actual peak will be reached in a few years is a good decision, because some people might be trying, just like you are probably doing unvoluntarily, to make them do not buy, and that is a clever attribute to go against what other are saying.

"If you buy under $1000 you'll be happy soon"
"If you buy under $2000 you'll be happy soon"
"If you buy under $3000 you'll be happy soon"
"If you buy under $18000 you'll be happy soon"

Surely there has to be a point at which people realise they're being extremely greedy and not acting based on logic?

Just because you bought and then the price went up doesn't mean you made a smart decision.  It means there were people who made even worse decisions than you.  A good decision would be to buy when the price was actually low, like in mid 2015.

These two figures doesn't match. To attain a market cap of $50 trillion, the Bitcoin price must rise to somewhere around $3 million per coin. And I don't think that it is a target which can be achieved. You are hoping for a 1,000x increase in the exchange rates. And a market cap of $50 trillion would mean that one-sixth of all the global wealth will be in the form of Bitcoin.

And then to grow. It seems to me that these whales have a lot of bitcoins and they use it to manipulate prices in the market. We will never be able to guess where the price will go up and when down. Every time the whales will increase the number of their coins.

I think that below $18,000 price for bitcoin is too much and i can say that only below $5,000 can be happy soon because we are getting closer and closer to that price and if you will buy below from that price and hold it for long term then you can still earn a lot of money from that investment. Just keep buying bitcoin and don't forget to hold it for long term.

I bought bitcoin under $2000. And i was a genius.  but this make the people curious about when is the segwit will be released? that was the main point. looks we are in the correction right now and the bitcoin will be decrease again.

i believe bitfinex started this after the rise has happened for a while. so it shouldn't have to do anything with their new rules regarding US citizens.

the difference between Japanese exchanges and Chinese ones is that the Chinese never regulated either bitcoin or the exchanges. but Japanese have already regulated bitcoin and i believe the exchanges are also under regulation rules.
this means there is no room for any kind of manipulation.
the zero fees makes trading easier and that makes the volume go higher. simple as that.

There's a bit more to the story. There may be somewhat of an exodus happening from unregulated exchanges after what happened to BTC-e -- especially from Bitfinex, who just said they will soon be prohibiting US customers. The only way out of the exchange is in coins, since they have no fiat banking anymore. Since they lost banking in March or April, the supply of Tether has increased by more than 6x, which is also very suspicious.

It should be said that Bitflyer (Japan) leads as often as Bitfinex does. But they also have no trading fees, last I heard (similar to Chinese exchanges until recently), which can allow for some manipulation as well.

The correction will be upwards, coin has been held down far too long, enough waiting for everyone else to get aboard.

I think a correction is due soon. These prices seem to be a pump by whales. If so, they will be dumping soon. I still think bitcoin is going to keep going up in price overall, but this seems too quick

I love waking up everyday to new all-time highs, but this euphoria is getting pretty tangible. I'm seeing lots of these threads. The last couple posted today predicted a 50 trillion dollar market cap within a year, and prices of up to $60,000. And you are saying that buying anything under $18,000 will make us look like geniuses, so that means you expect much, much higher prices than that.

Maybe the time for a nice, fat correction is coming soon.

Wait till this really starts to go up we will all look like genius.