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.
Topic: Bitcoin will surge to $25,000+ - page 2. (Read 3257 times)
$25.000 is something that I wouldnt dream of.
It is something too good to be true. Btc needs stabilized price.
You can never tell never when it comes to the price of bitcoin ,when it all started no one expected the price would cross $15 and there were more skeptics telling that it wont reach $100 and when it crossed those figures the price rose to $1000 in a very few trading days and still the price is hovering around that value and it is a matter of time we would reach new price territories,who knows what the price would be five years from now. It is something too good to be true. Btc needs stabilized price.
I don't expect bitcoin can reach prices of $25.000 in the near future, I think the better price bitcoin can ride in a natural, so it can't be controlled so that it can create certainty.
Yes 25k is a completely achievable but its not gonna happen today or tomorrow, it may take a decade probable before btc comrs near to that number.
Friends, there's another thread on this exact topic - started within 12 hours of this one.
You all might want to check it out, read some of the various thoughts about the future price activity.
https://bitcointalksearch.org/topic/economist-predicts-bitcoin-25000-1787241
You all might want to check it out, read some of the various thoughts about the future price activity.
https://bitcointalksearch.org/topic/economist-predicts-bitcoin-25000-1787241
It would be really amazing to see Bitcoin go beyond four digits. But I'm not in a hurry for it, only a few months since Bitcoin has exceeded three digits. Reaching such a value will not be easy, and it's better not to occur quickly and inorganically.
$25000 is far fetched unless we have a collapse in our economies, inflation, maybe a major drop in gold value and maybe we support from major central banks around the world backing bitcoins and its technology that's the only way we can get to that much.
Let's hope that does not happen because prices would be high, I speak of consumer products, food, clothing, etc..., but with the economic system that we currently have, inflation has been growing for years, without stopping, maybe if it is true if we compare it with a balloon, if the inflation point is exceeded at some point it must explode with serious consequences, perhaps it already happened before but now we have the disadvantage that we have much less natural resources than before and that is serious. On the other hand if the price of BTC were so high could be because of its use and not necessarily the product of an economic collapse.
$25000 is far fetched unless we have a collapse in our economies, inflation, maybe a major drop in gold value and maybe we support from major central banks around the world backing bitcoins and its technology that's the only way we can get to that much.
$25,000 yahoo finance sees dollar signs on the charts. 
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 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.
already two topics in this board about a way too simple article on yahoo! about 25K price!
the 10K price prediction didn't get this much attention back in 2013
the 10K price prediction didn't get this much attention back in 2013
$25.000 is something that I wouldnt dream of.
It is something too good to be true. Btc needs stabilized price.
It is something too good to be true. Btc needs stabilized price.
Ultimately, the price as of now is partly determined by how many bitcoins got lost for good during the Mt. Gox collapase. If none at all, then price might theoretically be higher than it is now since Bitcoin wouldn't have got so much bad publicity as it really got and many people who lost their at that exchange would likely invest more heavily later. On the other hand, though, if many coins got lost, the price today might in fact be higher thanks to constricted supply
what do you mean by "lost"? is it like destroyed!
Lost means that the coins that got lost will likely never come back "online" (similar to 1M of Satoshi's bitcoins)
in any case i feel like you are forgetting about the fact that price was pumped to $1200 in 2013 by mtgox and it didn't go there on its own. which means it had to come down.
so irregardless of the bad publicity of the pump and the bubble that formed those years, the price had to come down. market was just not ready for that kind of rise.
the same thing is true for now, market is not ready for a higher price and it won't be ready for it in the near future either. it is ready for $1000 for now and possible $1500 to $2000 by the end of the year based on the adoption we are seeing these days.
anything more needs more too
so irregardless of the bad publicity of the pump and the bubble that formed those years, the price had to come down. market was just not ready for that kind of rise.
the same thing is true for now, market is not ready for a higher price and it won't be ready for it in the near future either. it is ready for $1000 for now and possible $1500 to $2000 by the end of the year based on the adoption we are seeing these days.
anything more needs more too
It likely needs a lot more
But it may not in fact need a block size increase, specifically. The price today (and still more so in the Mt. Gox days) is determined by the balance of supply and demand at major exchanges (like Bitstamp and cronies), but to trade there you don't need the blockchain altogether (only to deposit coins into your exchange account) and therefore the size of the block is irrelevant. If you, nevertheless, think that the price is determined by real trade in any significant degree, good luck to you. Further, the transaction jam we see every now and then is mostly due to spam transactions, and if they were effectively dealt with and gotten rid of, there would be plenty of room left
Ultimately, the price as of now is partly determined by how many bitcoins got lost for good during the Mt. Gox collapase. If none at all, then price might theoretically be higher than it is now since Bitcoin wouldn't have got so much bad publicity as it really got and many people who lost their at that exchange would likely invest more heavily later. On the other hand, though, if many coins got lost, the price today might in fact be higher thanks to constricted supply
what do you mean by "lost"? is it like destroyed!
in any case i feel like you are forgetting about the fact that price was pumped to $1200 in 2013 by mtgox and it didn't go there on its own. which means it had to come down.
so irregardless of the bad publicity of the pump and the bubble that formed those years, the price had to come down. market was just not ready for that kind of rise.
the same thing is true for now, market is not ready for a higher price and it won't be ready for it in the near future either. it is ready for $1000 for now and possible $1500 to $2000 by the end of the year based on the adoption we are seeing these days.
anything more needs more too.
I can only see this price in dreams, on real life (on next 3-5 years) i saw it very difficult. Or dollar had a crash on its value, or Bitcoin is used by central banks as store of value (like now they have gold). I don't see it impossible (on next 2 or 3 halvings).
You have missed one very big factor, mass adoption. Other than dollar crash or central banks approval, this must be more influencing factor to support bitcoin prices to reach to any level even in millions. Actually it is already happening and bitcoin is getting ready to start flying then we do not need 3 or 5 years to see bitcoin prices reaching 25k USD levels.
I remember I have read similar articles back in late 2013 when bitcoin prices were testing $1000 levels for the very first time.
Yup, you can blame Mt Gox for BTC crashing down.
If only Mt Gox didn't fail like it did... I can only imagine where BTC would be today... It certainly 100% would be higher than it is now.
This is not a given
Ultimately, the price as of now is partly determined by how many bitcoins got lost for good during the Mt. Gox collapase. If none at all, then price might theoretically be higher than it is now since Bitcoin wouldn't have got so much bad publicity as it really got and many people who lost their at that exchange would likely invest more heavily later. On the other hand, though, if many coins got lost, the price today might in fact be higher thanks to constricted supply
Like I said in the other thread, thats impossible by now. The bitcoin network dont have enough structure to provide that massive adoption. 25,000 will mean the global bankup and the replacement of the entire economy system.
That's mostly nonsense. Coins that are traded don't hit the blockchain as long as they don't leave the exchange they are being traded on (unless the exchange itself moves them, of course)
I do not agree with all the points, but the article has some interesting arguments. I think Bitcoin is in fact a fairly scarce currency, and the trend is that demand will increase as more people realize its functionalities. Such conditions are favorable enough that Bitcoin reaches very high values compared to the current values, but if the price reaches this range, it may be that part of this is also a consequence of FOMO.
http://finance.yahoo.com/news/why-bitcoin-will-surge-to-25000-142402299.html
I like those 2 last quotes, government will lend or give it more legitimacy, and it will exceed everyone's hopes.Quote
We fought tooth and nails to get the media to cover gold when it traded at $300. These events work out over cycles measured in decades, which is the amount of time required to convince the majority.
Quote
Whether tulips, housing or tech stocks, bubbles require public participation. And as blockchain becomes more ubiquitous, it lends credibility to the technology behind bitcoin. We feel that digital currencies, such as bitcoin, have now entered a similar cycle.
Quote
It will take many years of great returns to remove the current skepticism on digital money. And there will be pressure from governments to regulate it, which in the end, will only lend it more legitimacy
Quote
We suggest, however, that it will exceed everyone’s hopes, aspirations and dreams.
$25,000 may seems unrealistic for now, but who can predict it in 10-20 years later? Indeed, we just speculate and waiting for it to be happen. Bitcoin isn't a quick way to become rich if we have to wait for 20 years obviously, but at least bitcoin is a reliable investment for the future.
this is not only daydreaming but also i say it is more harmful to bitcoin's adoption than anything else.
think of it this way, articles like these that keep speculating about a huge rise (a surge to ridiculously high prices) are false promises and make bitcoin look like a "get rich quick" thing where people can buy now and become rich overnight!
and this is harmful because people start only seeing the investment part of bitcoin and we can never see the mass adoption ever. and besides when price doesn't rise with that speed and rises with slower logical speed and has some dips like 2 days ago, all those people who bought with the dream of getting rich will dump scared and run away.
think of it this way, articles like these that keep speculating about a huge rise (a surge to ridiculously high prices) are false promises and make bitcoin look like a "get rich quick" thing where people can buy now and become rich overnight!
and this is harmful because people start only seeing the investment part of bitcoin and we can never see the mass adoption ever. and besides when price doesn't rise with that speed and rises with slower logical speed and has some dips like 2 days ago, all those people who bought with the dream of getting rich will dump scared and run away.
Wow did you even read the article? It even says this won't happen over night.
Now who is the one spreading FUD? yes i did read the article and there isn't much to it to read and discuss. but apparently you didn't understand my comment. the only valid thing of that article was the supply chart!
i am not saying it is impossible to happen, i agree with it.
i am saying putting up articles like that saying it will go to $25000 and topics here is just as stupid as saying bitcoin price will go down to $10
Ive read the article. a analyst states that bitcoin will grow up to that price, well im not shocked about it because in future instances if bitcoin has a big community and lot is investing on it then we could expect that price but it takes time first. way back 3 years or 2 years ago ive read that bitcoin price will be at $1k then lately we got that price
there are already so many speculations like this, each of them talking about different and similar factors that can cause the rise in different time frames. and prices they predict are ranging from $5000 to $100,000 and they all have good points when you read them in details but they all are making assumptions that fail to happen.
I'd say they all need adoption and nothing else, and adoption will only happen over time and by fixing some problems such as the block size, and the volatility of the price, and also regulations can be effective on this.
I'd say they all need adoption and nothing else, and adoption will only happen over time and by fixing some problems such as the block size, and the volatility of the price, and also regulations can be effective on this.
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