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

deisik

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Quote from: Shiroslullaby on February 14, 2017, 04:11:16 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, 04:17:24 PM

Quote from: Grdas130979 on February 14, 2017, 04:07:36 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, 04:17:24 PM

Quote from: Grdas130979 on February 14, 2017, 04:07:36 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.

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Quote from: LegendaryMiner on February 14, 2017, 04:18:41 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, 04:07:36 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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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, 02:35:39 PM

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

$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, 11:11:27 AM

$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, 03:35:37 PM

Quote from: zby on February 11, 2017, 03:32:48 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, 11:47:13 AM

Quote from: Pierre 2 on February 12, 2017, 10:42:48 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, 10:42:48 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, 10:12:49 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.

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Quote from: Slow death on February 14, 2017, 07:38:36 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, 07:38:36 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!

Slow death

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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.

Harry Callahan

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Quote from: Pierre 2 on February 12, 2017, 10:42:48 AM

$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.

Mbah Slamet

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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.

Sskapollo

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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.

HabBear

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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

d@nte

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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.

bit1

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Quote from: SHAWN-MIDWAYS on February 12, 2017, 12:44:45 PM

$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.

SHAWN-MIDWAYS

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$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.

sunsilk

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$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.

BrewMaster

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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 Cheesy

Pierre 2

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

deisik

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Quote from: BitcoinHodler on February 12, 2017, 09:12:56 AM

Quote from: deisik on February 12, 2017, 08:52:06 AM

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)

Quote from: BitcoinHodler on February 12, 2017, 09:12:56 AM

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

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

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Quote from: deisik on February 12, 2017, 08:52:06 AM

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.

raven7886

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Quote from: Raimonn on February 11, 2017, 03:36:21 PM

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.

deisik

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Quote from: ProfessionalGoogler on February 11, 2017, 03:03:36 AM

Quote from: coinplus on February 11, 2017, 03:01:01 AM

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

Quote from: Wolf Rainer on February 12, 2017, 02:46:03 AM

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)

dhampir-D

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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.

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Quote from: ProfessionalGoogler on February 11, 2017, 02:56:11 AM

http://finance.yahoo.com/news/why-bitcoin-will-surge-to-25000-142402299.html

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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.

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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.

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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

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We suggest, however, that it will exceed everyone’s hopes, aspirations and dreams.

I like those 2 last quotes, government will lend or give it more legitimacy, and it will exceed everyone's hopes.
$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.

talkbitcoin

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Quote from: ProfessionalGoogler on February 11, 2017, 06:46:48 AM

Quote from: talkbitcoin on February 11, 2017, 06:18:31 AM

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.

Wow did you even read the article? It even says this won't happen over night.

Roll Eyes

Now who is the one spreading FUD? Roll Eyes

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

warwar

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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

Pursuer

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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.

Wolf Rainer

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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.

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Quote from: jtipt on February 11, 2017, 11:01:11 PM

Having hope is good but 25k is a very high amount considering current price, $1000 itself was a major achievement for btc even a 2.5k would be a major event for btc right now, so 25k doesn't seems something that we will see soon maybe in a decade?

It isnt realistic at all considering and hoping for that price on a short period of time and surely it takes how many years to reach that amount and as you said we are just on 1000 price and even reaching 2k is soo hard and even we didnt know when it would reach that price point.

jtipt

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Having hope is good but 25k is a very high amount considering current price, $1000 itself was a major achievement for btc even a 2.5k would be a major event for btc right now, so 25k doesn't seems something that we will see soon maybe in a decade?

HarryKPeters

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25k Is not realistic. Not even close to realistic. At best we can see a steadily grow to perhaps 1500 - 2000. With more years to come and the halving in 2020 i hope to see the price around 3/4k, but I am well aware this is not realistic.

Wind_FURY

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More economic and financial mumbo jumbo from Yahoo Finance. Try to find out who wrote that article and ask yourself "If the writer is really that good, then why is he not rich right now?"

Those finance writers get paid to make all those articles which you all think comes from the "experts". No, those writers are as the same as us. They have no clue and make things up just to keep you reading on their site.

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Quote from: Vaskiy on February 11, 2017, 09:18:38 PM

Quote from: Raimonn on February 11, 2017, 03:36:21 PM

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).

Yeah, price of bitcoin is increasing gradually. But the mentioned $25000 is not gonna happen in reality. The price surge in the past took place in accordance to the China's bitcoin market. This has changed a lot due to the recent inspection took place. Now the growth is the true growth of bitcoin's technology not a fake one to attract corporates or other high profiting sectors.

In late 2013 'China' probably consisted of a few tens or a couple of hundred thousand people at the absolute max. Adoption in any significant way hasn't happened. People still get excited when someone places a $500,000 order on an exchange. In adult finance terms that's laughable.

If BTC ever did manage to get beyond its wee niche then tens of thousands are eminently achievable.

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Quote from: Raimonn on February 11, 2017, 03:36:21 PM

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).

Yeah, price of bitcoin is increasing gradually. But the mentioned $25000 is not gonna happen in reality. The price surge in the past took place in accordance to the China's bitcoin market. This has changed a lot due to the recent inspection took place. Now the growth is the true growth of bitcoin's technology not a fake one to attract corporates or other high profiting sectors.

aardvark15

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It could take decades before Bitcoin gets to that price. $1000 may be high for now and we may see a correction, but I agree that overall, the price will gradually increase over time as long as it isn't made illegal or over-regulated.

deadpoolx

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The analysis is rather optimistic, but I would not say that this is unrealistic, since when an asset is in its early stages, there is great potential. And when that asset is making the transition to the stage of expansion, chances are great that a lot of people start investing and using it.
This is something easy to see in the case of Bitcoin, in which there are more and more people realizing that this may be a more favorable way of storing and transferring money.

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I saw the article and the possibility are really high considering the limited supply of bitcoin and if more and more people started investing heavily into bitcoin the chances of a price above $10k might be a reality and even with news from China recently about new regulation and stuff the price recovered instantly and these are good signs and you never know what will happen.

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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).

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Quote from: zby on February 11, 2017, 03:32:48 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.

zby

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

BiTZeD

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25 000$ is something very realistic, but what we just need to know is when it will be. If it is in a a few decades, then it will not be interesting, as maybe 25 000$ will be the price of a smartphone due to a great inflation. 10 years is the maximum interesting period of growth, but less than 5 years is even better.

skycoinlab

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I think that Bitcoin value at a $25,000 will be just logic if we watch all the evolution of it since 2010.

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The article did not offer any new argument that will support the surge, just the old finite supply of bitcoin. As much as I want that to be true, I will not put too much hope in it. For now, I am happy if bitcoin can reach 2000$ within my lifetime. 25,000$ is just too good to be true for me.

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Quote from: Herbert2020 on February 11, 2017, 03:36:54 AM

you know that Mt Gox was the reason for that rise too, right?
price wouldn't have gone to $1200 overnight if it weren't for Mt Gox fake pump and the bubble of 2013.

the only difference in case Mt Gox never existed would have been an steadier rise with a more logical rate and then a higher price today. probably around $2000.

Why don't people ever mention China any more in relation to the 2013 pump? Is it less fun somehow than a neat conspiracy theory? Bitstamp overtook gox during that pump too.

China was probably equally goxy too but they kept it up for longer and didn't fail at it.

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@OP i can help you find a good psychologist to help you with your issues of delusion.

Bitcoin economically and technically can't go even near those values.

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Quote from: talkbitcoin on February 11, 2017, 06:18:31 AM

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.

Wow did you even read the article? It even says this won't happen over night.

Roll Eyes

Now who is the one spreading FUD? Roll Eyes

talkbitcoin

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All I know is that I know nothing.

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.

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This title is beyond clickbait. I don't know that the people pushing such articles to yahoo news are trying to achieve but the fact that this piece was released just when BTC/USD breached below $1000 levels is more that suspicious. "News" articles like this won't achieve much in terms of manipulating a market that's solely based on demand.

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Quote from: JosNekoKopa on February 11, 2017, 06:01:59 AM

This Is not encouraging this is daydreaming. We can expect rise in the future but this is too much. Give us a math behind all those numbers and soon you will stop making such fantastic predictions. For this you will need really large money invested.

This is exactly how people talked when BTC was just dollars. We were day dreaming to believe BTC would even touch $100.. Roll Eyes

JosNekoKopa

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This Is not encouraging this is daydreaming. We can expect rise in the future but this is too much. Give us a math behind all those numbers and soon you will stop making such fantastic predictions. For this you will need really large money invested.

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Quote from: cakravothy on February 11, 2017, 04:45:46 AM

how long prediction, bitcoin price can reach to 25k dollar
but if i think is very dificult bitcoin price can reach 25k dollar, i think imposible
you can see in sending fee , 100k satoshi/1Mb
so if bitcoin price 25k dollar, sending fee is fantastic 25dollar/1Mb, is many people not want sending bitcoin again is sending fee is very high

Actually, it possible happen, but not within a short time, because to achieve that price will take time and good conditions. Although bitcoin prices continue to rise will still need time to reach $ 25,000, especially if prices fluctuate, it requires a longer time. And you're right, it would require a very high fee to sending. Now I think too quickly to think like that.

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Its always encouraging to see posts like this and id love to see 25k coins but i think the toip will be much lower. Its taken 8 years for us to break 1k properly (i assume) . Id guess it would be another 5 years to make any other serious movements, Maybe 2 k in 5 years but i doubt it. Weve still got the major hurdle of the blocksize debate which will kill the price once whatever happens happens. And if we dont get segwit/BU or anything else that pops up the bitcoin will be getting strangled more and more.

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how long prediction, bitcoin price can reach to 25k dollar
but if i think is very dificult bitcoin price can reach 25k dollar, i think imposible
you can see in sending fee , 100k satoshi/1Mb
so if bitcoin price 25k dollar, sending fee is fantastic 25dollar/1Mb, is many people not want sending bitcoin again is sending fee is very high

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Quote from: Herbert2020 on February 11, 2017, 03:36:54 AM

Quote from: ProfessionalGoogler on February 11, 2017, 03:03:36 AM

Quote from: coinplus on February 11, 2017, 03:01:01 AM

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.

you know that Mt Gox was the reason for that rise too, right?
price wouldn't have gone to $1200 overnight if it weren't for Mt Gox fake pump and the bubble of 2013.

the only difference in case Mt Gox never existed would have been an steadier rise with a more logical rate and then a higher price today. probably around $2000.

and as i always say prices such as the $10,000 which they always say and this one article about $25,000 can not happen in short term. unless there is a ridiculous amount of adoption happening overnight which is also impossible.

Banks and others said Bitcoin was "impossible" too.. Roll Eyes

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Quote from: ProfessionalGoogler on February 11, 2017, 03:03:36 AM

Quote from: coinplus on February 11, 2017, 03:01:01 AM

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.

you know that Mt Gox was the reason for that rise too, right?
price wouldn't have gone to $1200 overnight if it weren't for Mt Gox fake pump and the bubble of 2013.

the only difference in case Mt Gox never existed would have been an steadier rise with a more logical rate and then a higher price today. probably around $2000.

and as i always say prices such as the $10,000 which they always say and this one article about $25,000 can not happen in short term. unless there is a ridiculous amount of adoption happening overnight which is also impossible.

ProfessionalGoogler

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Quote from: coinplus on February 11, 2017, 03:01:01 AM

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.

coinplus

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I remember I have read similar articles back in late 2013 when bitcoin prices were testing $1000 levels for the very first time.

I am a believer of bitcoin prices and always speculating about million dollar prices for bitcoins, hence no surprises for me on seeing this article still thank you for sharing the link for another supportive article for my speculations.

ProfessionalGoogler

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http://finance.yahoo.com/news/why-bitcoin-will-surge-to-25000-142402299.html

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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.

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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.

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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

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We suggest, however, that it will exceed everyone’s hopes, aspirations and dreams.

Topic: Bitcoin will surge to $25,000+ (Read 3246 times)