Topic: BTC to 5000$ soon - page 11. (Read 36740 times)

It will not happen that soon. Because the value is now rising indeed. But it is not rising that fast so we have to wait.
Patience is very important in Bitcoin. And you must also not to be greedy otherwise you will lose more money than you have invest.

No this will not happen in my eyes, we are too far from the 5000 dollar, I think it will take a long time to achieve this if this even ever will happen.
The halving can for sure not come close to this number without any doubts.

To me soon is 2016/2017. However, August/September 2016 is when I have real expectations of shit hitting the fan.

The only question is when, of couse all price speculation might happen. Its just a matter of time. If I even tell you that 1 btc might be equal to 100k bucks soon. It might happen so. Soon is a very general and unpredictable word, there's no specification what date or year it will be, it's just "soon"

2017 is just 6 months away. But I think the price will not be $5000 in 2017. If it does reach that level, it will also drop to $500.

I will remember you to do so pal!!
In 3 years many things can happen, and believe it or not, $5000 per coin is definitely possible imo.
Requirement is Bitcoin keeps improving in terms of technology, ease uf use, growth, adoption and still will be the number 1 of all the cryptos.

If you're right and we see $5000 soon (+/- 3 years) I'll personally send you $1000 usd and a case of beer.

and i know that other price predictors knows same, they say that price won't rise to 5000$ not matter what anytime soon, so i actually believe them because they know more

We have seen the surge in the gold's market cap lately. This is just the beginning, the first cracks in the current financial paradigm. The problem with gold is that it is physical and thus poses a psychological problem to mainstream investors when it becomes scarce due to extreme demand. The investors will see that they could physically only acquire a miserable and pathetic looking amount of gold (as it has become "too expensive") so they will run into silver. But silver too, has the same intrinsic problem.

So far, bitcoin's deception has lied in the fact that we are presented the idea that one bitcoin is divisible up to 8 decimal places which gives the false image of a bitcoin being a floating point number. In reality block rewards are represented by unsigned integers. Thus instead of 1 bitcoin one has 100 000 000 satoshis. To break the psychological barrier of 1 bitcoin costing too much we should just switch to satoshis. The latter will be plausible when BTC rises in value.

The market cap of gold is $7,252,708,420,909.
The market cap of bitcoin is $ 6,549,170,380 (0.082% of gold's).

I can say that gold is already psychologically too expensive for an average Joe on the street. Imagine when it grows 5x as it has done previously during financial collapses. Owning a gram of gold doesn't make you feel good about it, it feels sad as it is just a tiny speck. So, naturally, other stores of value will gain popularity. If bitcoin was only 1% of gold's market cap, it would already cost more than 5000$ per BTC. If 1 bitcoin costed 5k, then 1 satoshi would be 0.00005$. The world's least valuable currency Iranian Rial trades at 0.00004$ . So after 5k $ bitcoins it would be nothing new to this world to have satoshis for the main units to represent the value of your bitcoins. The world has already seen such a situation in Iran.

Daily recommended minimum amount of money for food per person is 10.72 $. With 5000$ BTC, a daily meal would then cost 214400 satoshis. Let's be honest, 200 000 is not that big of a number any more to be uncomfortable to use in daily basis. This is also the reason why poor countries could adopt bitcoin more easily. They are already used to making transactions of such order of magnitude in their currency units.

I will remember you to do so pal!!
In 3 years many things can happen, and believe it or not, $5000 per coin is definitely possible imo.
Requirement is Bitcoin keeps improving in terms of technology, ease uf use, growth, adoption and still will be the number 1 of all the cryptos.

If you're right and we see $5000 soon (+/- 3 years) I'll personally send you $1000 usd and a case of beer.

You said 2017 
as if it wasn't soon... it's less than a year till 2017

You know that this is not going to happen soon, if it happens then I am going to be shocked that is for sure. For the price to be this high is possible in 2017 or 2018 but not now.

I'm so happy to read so many people disagreeing with it so boldly. This means it has become a really realistic possibility because the majority is always wrong.

not entirely correct.

even though the Chinese markets often lead, when the price is stable for long enough, the other markets will draw closer to china.

so if china remains stable at $700 for a day or 3 than the other exchanges will slowly climb towards $700 from $650 over the course of about 3 days or so. or $695 or maybe even overshoot to $705 (but that's quite rare, although it does happen sometimes).

of course if china drops from there the west will never get that high, and if china keeps climbing the west will often lagg behind.

We have seen the surge in the gold's market cap lately. This is just the beginning, the first cracks in the current financial paradigm. The problem with gold is that it is physical and thus poses a psychological problem to mainstream investors when it becomes scarce due to extreme demand. The investors will see that they could physically only acquire a miserable and pathetic looking amount of gold (as it has become "too expensive") so they will run into silver. But silver too, has the same intrinsic problem.

So far, bitcoin's deception has lied in the fact that we are presented the idea that one bitcoin is divisible up to 8 decimal places which gives the false image of a bitcoin being a floating point number. In reality block rewards are represented by unsigned integers. Thus instead of 1 bitcoin one has 100 000 000 satoshis. To break the psychological barrier of 1 bitcoin costing too much we should just switch to satoshis. The latter will be plausible when BTC rises in value.

The market cap of gold is $7,252,708,420,909.
The market cap of bitcoin is $ 6,549,170,380 (0.082% of gold's).

I can say that gold is already psychologically too expensive for an average Joe on the street. Imagine when it grows 5x as it has done previously during financial collapses. Owning a gram of gold doesn't make you feel good about it, it feels sad as it is just a tiny speck. So, naturally, other stores of value will gain popularity. If bitcoin was only 1% of gold's market cap, it would already cost more than 5000$ per BTC. If 1 bitcoin costed 5k, then 1 satoshi would be 0.00005$. The world's least valuable currency Iranian Rial trades at 0.00004$ . So after 5k $ bitcoins it would be nothing new to this world to have satoshis for the main units to represent the value of your bitcoins. The world has already seen such a situation in Iran.

Daily recommended minimum amount of money for food per person is 10.72 $. With 5000$ BTC, a daily meal would then cost 214400 satoshis. Let's be honest, 200 000 is not that big of a number any more to be uncomfortable to use in daily basis. This is also the reason why poor countries could adopt bitcoin more easily. They are already used to making transactions of such order of magnitude in their currency units.

It would be nice of the price is going to $5000 soon but that is not going to happen. I think that we will need at least 3 more years for the price to be that high.