Bitcoin will surge to $25,000+ | Bitcointalksearch.org

deisik

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Quote from: Shiroslullaby on February 14, 2017, 05:11:16 PM

Sorry but its going to be a long time, and a lot of changes happening before Bitcoin would reach that level.

The average consumer is not going to use a currency that jumps around in value, takes sometimes hours to confirm a transaction,
cant be used other than buying things on the internet because of the transaction times, and many of the other issues currently facing us right now.

Face it. Bitcoin is a novelty. Until a lot of these issues are resolved, its going to be magic internet money for kids to play around with

I suspect people were telling basically the same when the Bitcoin price had been only around a few cents per coin. If anyone was saying that Bitcoin would be worth over 1k dollars, that would most likely have been considered as pipe-dreaming (or wishful thinking at best). Personally, I'm more inclined to think that now when Bitcoin has established itself the chances of it going way higher are more real than they were when one bitcoin had been worth only a fraction of a dollar

Ultimately, this is no more than the limitations of our mind

cryp24x

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Quote from: digaran on February 14, 2017, 05:17:24 PM

Quote from: Grdas130979 on February 14, 2017, 05:07:36 PM

Long term i dont find anything impossible, even 50000 usd BTC, but its way too early and soon to say something like that. We are growing nicely, people still learn and adopt and we hope to continue the same. When there are no more BTC to mine and governments start to store BTC along with gold, we will see great things i believe

Governments are mining and storing bitcoins since 2013, did you think spike in price back then was only because of news only?
There are more than 5 countries silently accumulating bitcoins by mining and buying off the market the reason would be for them to try and manage the ecosystem of cryptocurrencies. Price going up and up was the main developer's purpose.
We need to stop giving away our bitcoins for cheap prices such as $1000 or even $1400 and should build a wall around $1800 by the end of this month.

Any source? This is an interesting story, if you can provide the link of the source of the information here then it will be best time to buy BTC at this time. Government accumulating Bitcoin is really one surprising news and it will definitely push the price up.

HanSchultz

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Quote from: digaran on February 14, 2017, 05:17:24 PM

Quote from: Grdas130979 on February 14, 2017, 05:07:36 PM

Long term i dont find anything impossible, even 50000 usd BTC, but its way too early and soon to say something like that. We are growing nicely, people still learn and adopt and we hope to continue the same. When there are no more BTC to mine and governments start to store BTC along with gold, we will see great things i believe

Governments are mining and storing bitcoins since 2013, did you think spike in price back then was only because of news only?
There are more than 5 countries silently accumulating bitcoins by mining and buying off the market the reason would be for them to try and manage the ecosystem of cryptocurrencies. Price going up and up was the main developer's purpose.
We need to stop giving away our bitcoins for cheap prices such as $1000 or even $1400 and should build a wall around $1800 by the end of this month.

Which governments are you talking about,where did you hear this news that governments are investing in mining,how can a government start investing in high risk returns as they are not taking those money from their pocket,it is the money of the citizens they are investing and if they do so the must publicly accept that and i have not heard a legit case regarding this.

SaShiRaJaVu

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Quote from: LegendaryMiner on February 14, 2017, 05:18:41 PM

I think this is a value that would be achievable after the next halving, but before that is unlikely to happen... unless there are serious improvements in the ecosystem. It's good to be watchful anyway, Bitcoin is known to surprise us.

These kind of evaluation are achievable but i am not sure how much time will it take for us to see these kind of valuation , cannot be predicted accurately ,everyone knows the future will be bright in terms of price valuation but when its going to happen will always be a mystery .I think there will be a gradual growth than a sharp rise in price.

LegendaryMiner

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I think this is a value that would be achievable after the next halving, but before that is unlikely to happen... unless there are serious improvements in the ecosystem. It's good to be watchful anyway, Bitcoin is known to surprise us.

digaran

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Quote from: Grdas130979 on February 14, 2017, 05:07:36 PM

Long term i dont find anything impossible, even 50000 usd BTC, but its way too early and soon to say something like that. We are growing nicely, people still learn and adopt and we hope to continue the same. When there are no more BTC to mine and governments start to store BTC along with gold, we will see great things i believe

Governments are mining and storing bitcoins since 2013, did you think spike in price back then was only because of news only?
There are more than 5 countries silently accumulating bitcoins by mining and buying off the market the reason would be for them to try and manage the ecosystem of cryptocurrencies. Price going up and up was the main developer's purpose.
We need to stop giving away our bitcoins for cheap prices such as $1000 or even $1400 and should build a wall around $1800 by the end of this month.

Babayega31

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It's not impossible that bitcoin will surge at $25k if the demand really aimed higher then why we resist our expectation? Being positive towards bitcoin is a progressive way of viewiv future of digital crypto currency in huge explosion of its price. That will be a reality soon and as we can see the price nowadays is still climbing, and less fluctuations of going down was encountered then higher increase is developing again from time to time.

Shiroslullaby

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Sorry but its going to be a long time, and a lot of changes happening before Bitcoin would reach that level.

The average consumer is not going to use a currency that jumps around in value, takes sometimes hours to confirm a transaction,
cant be used other than buying things on the internet because of the transaction times, and many of the other issues currently facing us right now.

Face it. Bitcoin is a novelty. Until a lot of these issues are resolved, its going to be magic internet money for kids to play around with.

Grdas130979

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The truth is out there

Long term i dont find anything impossible, even 50000 usd BTC, but its way too early and soon to say something like that. We are growing nicely, people still learn and adopt and we hope to continue the same. When there are no more BTC to mine and governments start to store BTC along with gold, we will see great things i believe

Monnt

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Quote from: Rahar02 on February 14, 2017, 03:35:39 PM

Quote from: sunsilk on February 12, 2017, 12:11:27 PM

$25,000 yahoo finance sees dollar signs on the charts. Grin

I hope that I still have even a single bitcoin by that time it happens.

But as of now, I don't expect that to happen in the first place but if that happens suddenly, I'll do sell all I've got already.

I consider bitcoin has possibilities to reach that price someday in the future, as long as the devs team, miners and users hold on and keep supporting bitcoin as digital currency to fulfill people's demand of faster, secure and easy/simplify transaction around the world within minutes or better instantly like fiat money transaction. For now, we have to focus on current problems of bitcoin core and government regulations regarding exchanges.

Speculating without time frame might not give any sense. When bitcoin is limited by supply, even a non technical person will able to predict about bitcoin's future price levels. Hence 25k USD must need to be accompanied with certain time frame so that we can have exact meaning of this yahoo finance's analysis on future bitcoin prices.

Rahar02

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Quote from: sunsilk on February 12, 2017, 12:11:27 PM

$25,000 yahoo finance sees dollar signs on the charts. Grin

I hope that I still have even a single bitcoin by that time it happens.

But as of now, I don't expect that to happen in the first place but if that happens suddenly, I'll do sell all I've got already.

I consider bitcoin has possibilities to reach that price someday in the future, as long as the devs team, miners and users hold on and keep supporting bitcoin as digital currency to fulfill people's demand of faster, secure and easy/simplify transaction around the world within minutes or better instantly like fiat money transaction. For now, we have to focus on current problems of bitcoin core and government regulations regarding exchanges.

helloeverybody

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IMO for bitcoin to reach any of the prices that we see like this 25k we would need to wait many years. Right now there are still far too many early adopters with 100s up to 1000s of bitcoins just waiting to cash out. The only time i could see these prophecies becoming fulfilled is when the market is far more diluted, Right now if we jumped to prices of 10k plus there would be too many people dumping massive amounts in a short time.

cryp24x

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Quote from: BiTZeD on February 11, 2017, 04:35:37 PM

Quote from: zby on February 11, 2017, 04:32:48 PM

I hope it goes to $80k - then satoshi will be the richest man on Earth!

Very unlikely to go that far, but I would be very happy since I will be very very rich. But even though Satoshi will be the richest direct man on Earth, there is people far more rich that he will be at this point. But for me we will not pass 10 000$, as I see already great difficulties for us to reach 5000$ in a decade.

It is early to say that Bitcoin will not pass $10,000 if we consider Bitcoin being use for more than centuries. If we can assume that every decade, Bitcoin will increase by $1000 then we can see Bitcoin reaching $10,000 in 100 years. But well as I say, it is still early to say it will or will not reach that price since we cannot tell what future brings.

manselr

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Quote from: Biodom on February 14, 2017, 12:47:13 PM

Quote from: Pierre 2 on February 12, 2017, 11:42:48 AM

$25.000 is something that I wouldnt dream of.
It is something too good to be true. Btc needs stabilized price.

au contraire, If price stabilizes, bitcoin dies (eventually).
mining block size decrease and difficulty rise are "supposed" to occur in parallel with btc price increase, otherwise miners would not be able to mine profitably and transaction validation stops, therefore network wanes and eventually dies off.
this is all according to Satoshi's design.

Yeah, we need constant growth, that's what people need to understand. Bitcoin is deflationary in nature, so there has to be growth so good profits for miners are sustained as the supply and mining reward both decrease.

The marketcap is tiny. Bitcoin will reach 5 figures before 2025 guaranteed.

Biodom

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Quote from: Pierre 2 on February 12, 2017, 11:42:48 AM

$25.000 is something that I wouldnt dream of.
It is something too good to be true. Btc needs stabilized price.

au contraire, If price stabilizes, bitcoin dies (eventually).
mining block size decrease and difficulty rise are "supposed" to occur in parallel with btc price increase, otherwise miners would not be able to mine profitably and transaction validation stops, therefore network wanes and eventually dies off.
this is all according to Satoshi's design.

deisik

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Quote from: ImHash on February 14, 2017, 11:12:49 AM

With some math you could calculate the future price of bitcoin, what is difficulty right now and what is price and how much does it cost to mine a single bitcoin? lets say with cheapest electricity you could mine a coin at $750 cost and with more expensive electricity between $800 and $970. so at least you need to be mining a single coin at $22000 cost to sell with $3000 pure profit.
Now just consider difficulty increase over time and calculate the future price, though that's just raw speculation because you'll need to include new mining chips might be much more powerful than they are now comparing their price to their productivity and alternative energies and even cheaper energy costs with new technologies in the future as well not to mention somehow exploding demands that pushes the price exponentially high

I'd rather say at highest than at least

Since no one can prevent you from mining Bitcoin at the cost of 100 dollars per coin but still sell it at 25k, right? Further, mining difficulty is a bad choice for calculating future prices as well as costs simply because it depends on the number of miners and them competing between themselves (more specifically, on the current hash rate), not so much on price. Though I generally agree that the higher the price the tougher will be this competition (and higher the hash rate)

ImHash

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With some math you could calculate the future price of bitcoin, what is difficulty right now and what is price and how much does it cost to mine a single bitcoin? lets say with cheapest electricity you could mine a coin at $750 cost and with more expensive electricity between $800 and $970. so at least you need to be mining a single coin at $22000 cost to sell with $3000 pure profit.
Now just consider difficulty increase over time and calculate the future price, though that's just raw speculation because you'll need to include new mining chips might be much more powerful than they are now comparing their price to their productivity and alternative energies and even cheaper energy costs with new technologies in the future as well not to mention somehow exploding demands that pushes the price exponentially high.

anonbit992

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It would be awesome to see bitcoin above 25,000 dollars. But before that bitcoin will have to break many resistance and build solid support levels too. And if bitcoin sees some good developments in the coming months, we can see it getting appreciating in value.

iqlimasyadiqa

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Quote from: Slow death on February 14, 2017, 08:38:36 AM

So I realized he's making a bitcoin price projection in the future.

It may be possible from here, for 30 years, the price of bitcoin is $25000 or more, who knows. But for now let's be realistic.

Being more realistic avoids disappointments.

true, realistic is a good trait. we must believe that the price of bitcoin will reach 25,000USD. may look like a dream, but this will become a reality in the future. we will see a rapid development.

Denker

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Quote from: Slow death on February 14, 2017, 08:38:36 AM

So I realized he's making a bitcoin price projection in the future.

It may be possible from here, for 30 years, the price of bitcoin is $25000 or more, who knows. But for now let's be realistic.

Being more realistic avoids disappointments.

Yes for this to happen you will probably need a very long breath!
So you will have to make the Buffett!Buy and hold!Not sure how many of us could do that over such a long time frame as many here are mostly speculating on some short to mid term profits!
So this voyage to $25k+ will be long and bumpy with several boom and bust cycles!

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