Topic: Bitcoin to $50k before Xmas - page 3. (Read 6529 times)
Bitcoin can have the value of 50k$ if all other coins will be shut down including few top fiat.
this would probably happen if the whole world is using bitcoin and the fiat system is collapsing 
Not at all. If the whole world is using Bitcoin the marketcap would be on the trillions and a single coin would be anything from 500K to 1 million dollars.
To reach 50K a coin we only need a significant increase in real usage, and a significant increase in whales speculating to deliver a bubble-burst cycle.
Which will never happen. No investor with a SaneBrain would even consider investing in outdated unscaleable technology.
this would probably happen if the whole world is using bitcoin and the fiat system is collapsing
Not at all. If the whole world is using Bitcoin the marketcap would be on the trillions and a single coin would be anything from 500K to 1 million dollars.
To reach 50K a coin we only need a significant increase in real usage, and a significant increase in whales speculating to deliver a bubble-burst cycle.
Whilst I don't see this as an 'impossible' scenario the fact remains if this did happen bitcoin would need 180$ million a day in support just to keep at theses levels...... cue, massive loss of support and return to say 5000 levels
this would probably happen if the whole world is using bitcoin and the fiat system is collapsing
Well the fiat system is currently breaking down in Greece so the price if bitcoin could may as well reach crazy figures again...
this would probably happen if the whole world is using bitcoin and the fiat system is collapsing
Bitcoin to $50k before Xmas
I fully agree. Especially as you didn't mention which Xmas.
In a couple of years, by Xmas, there's a huge chance for that to happen!
Christmas in a decade.
I want to make sure i always have at least 10-15 bitcoins for when this scenario happens, it wont take 10 years though, probably wont even take until 2020.
Bitcoin to $50k before Xmas
I fully agree. Especially as you didn't mention which Xmas.
In a couple of years, by Xmas, there's a huge chance for that to happen!
Christmas in a decade.
Yeah well I'd be all in for this scenario to happen, but let's not reach the 'euphoria' phase just yet! Otherwise the bulls will stumble and fall before we get to form a new ATH!
50k incresing in just 5 months lol dream dream
He probably lives in a logarythmic world
price jumps of 10x instead of doubling each time 
Bitcoin to $50k before Xmas
I fully agree. Especially as you didn't mention which Xmas.
In a couple of years, by Xmas, there's a huge chance for that to happen!
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just for amusement, OP when will we hit the following:
20k
10k
5k
2k
1k
$500
20k
10k
5k
2k
1k
$500
50k incresing in just 5 months lol dream dream
yeah it's not impossible because of the amount, it's impossible because of the time frame, all those predictions are much less realistic if they consider such a ridiculous time frame every time, it's true that big pump does happen at random, but something like is still beyond reality
50k incresing in just 5 months lol dream dream
I thought it says $50...
If your prediction happened, we'll sell our bitcoin
We will be rich in december later
But I am not sure Bitcoin hit $50K
In my prediction Bitcoin reach $500 before Xmas
We will be rich in december later
But I am not sure Bitcoin hit $50K
In my prediction Bitcoin reach $500 before Xmas
Fortunately it really doesn't work like that.
For example 1000$ was reached with likely less than a millions Bitcoin users
Exactly. If Bitcoin was adopted by let's say 1B people, a exchange rate of $50k+ per Bitcoin or higher would be realistic. We all know that the number of people who use Bitcoin is not that high and is not growing very quickly (as it could). However, things have been improving over time and there is a good chance of us reaching such a price in the future.For example 1000$ was reached with likely less than a millions Bitcoin users
I wouldn't call the scenario that OP mentioned impossible, it is just rather highly improbable. Almost anything is possible.
A billion people doing ~2.7 transactions per second. That's actually not possible. I guess we can wave our hands chanting "sidechains" for the time being tho.
Fortunately it really doesn't work like that.
For example 1000$ was reached with likely less than a millions Bitcoin users
Exactly. If Bitcoin was adopted by let's say 1B people, a exchange rate of $50k+ per Bitcoin or higher would be realistic. We all know that the number of people who use Bitcoin is not that high and is not growing very quickly (as it could). However, things have been improving over time and there is a good chance of us reaching such a price in the future.For example 1000$ was reached with likely less than a millions Bitcoin users
I wouldn't call the scenario that OP mentioned impossible, it is just rather highly improbable. Almost anything is possible.
Log charts don't show more information
False, simply false. But I guess you're the kind of guy who would look at a pie chart of bitcoin price and also say that it doesn't show any less information than a log chart. They teach this stuff in the university, I believe in the data mining course, perhaps you should attend one and pay special attention to the part where they teach the pitfalls of data representation.
it can only reach such heights after it has been adoped by the whole world.
Fortunately it really doesn't work like that.
For example 1000$ was reached with likely less than a millions Bitcoin users
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