I think the price is way overvalued as it stands (if judging by its current utility value), but at the same time I'm Long on the market - mostly a HODLer, a user where possible, and I 'play' at trading small amounts.
So why would someone who thinks the price is too high be Long? Well, I can see the potential for it to become one of the world changing technologies, and if that should happen then it will likely be (imho) one of those things that go "slowly at first, then all at once".
If you cast your mind back to the days where it was worth pennies, the very idea that it could be worth more than 'real' (LOL) money like a USD or a GBP was preposterous. Now you could say that in just a small number of years it's one of the most valuable currencies out there - way over silver, and snapping at the heels of gold, and that's just one use case, the other uses are possibly way larger markets than merely being a remittance facilitator.
So I'd say it's probably worth a lot less than its price if looking at today's market, but if looking at it as a long term bet then I wouldn't be all that surprised to see it add 1, 2, or even 3 more zeros on the end of current price a couple of decades from now. So much so that I'm prepared to lose all to find out. I know I'm not alone in that concept - probably a lot of cavemen died in learning what you can and can't eat for health or poison. I'm just one of those Darwin dummies, expendable to nature in order to seek out optima.
Topic: BTC to 5000$ soon - page 12. (Read 36740 times)
There is a possiblity that the 5000 dollar will ever be reached but I honestly do not see this happen if I'm honest this amount its just too high.
I think the 2500 dollar is a number that is more realistic.
I think the 2500 dollar is a number that is more realistic.
Instead of doubting just focus on the now instead then.
I mean yeah, the # seems out of reach obviously but if you look at the price now - its on track towards the 1st break through for $1k marker.
I already can see it going to $700 since we broke $540 already.
$700 is not difficult to achieve now, it will be there soon, may be at the time of halving this price is expected to watch and we are positively moving towards it.
Reaching $700 is a more than difficult target for the price than you realize. If China keeps pumping like they did some days ago, then the chances of seeing $700 are quite realistic, but the thing is that exchanges in Europe and the USA don't follow China all the way. Even if China reaches $700 then other exchanges will stay around $40-$50 behind with their exchange rate. In order to see these exchanges reach $700 Chinese exchanges have to pump the price to $750.
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.
i dont think this is really true because if you know he is now around the 600 dollar each and you say 5000 soon i dont htink he will rise that much these year maybe up to the 1000 but 5000 is a kind to much. 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.
My prediction is only up to $ 1,000
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. It should be nice if we can reach that high value but we must dont dream and see what will happen later in the future and you can even now see that it is rising slowly so that is nice.
But nobody will ever know what will happen in the future with Bitcoin itself so that can be quite scary.
But nobody will ever know what will happen in the future with Bitcoin itself so that can be quite scary.
I think the bitcoin price will not reach $5000 in the next two years. That could be the price for 2020.
It should be nice if we can reach that high value but we must dont dream and see what will happen later in the future and you can even now see that it is rising slowly so that is nice.
But nobody will ever know what will happen in the future with Bitcoin itself so that can be quite scary.
But nobody will ever know what will happen in the future with Bitcoin itself so that can be quite scary.
I think the bitcoin price will not reach $5000 in the next two years. That could be the price for 2020.
It should be nice if we can reach that high value but we must dont dream and see what will happen later in the future and you can even now see that it is rising slowly so that is nice.
But nobody will ever know what will happen in the future with Bitcoin itself so that can be quite scary.
But nobody will ever know what will happen in the future with Bitcoin itself so that can be quite scary.
When Bitcoin was up at 1300, noone expected it to go down to 100.
Now that its up at 400, there are skeptics for 5000 USD range. I think it could go both ways .
It is possible for it to happen but I think that it is not going to happen, maybe the halving can do something but I think that the price would not go all the way to $5000. Now that its up at 400, there are skeptics for 5000 USD range. I think it could go both ways .
To good to be true.. but its so impossible that bitcoin can go on that price,
It will take 30-40 years before it will go on that price or maybe much more higher than that.
It will take 30-40 years before it will go on that price or maybe much more higher than that.
It will not take 30 to 40 years to achieve that level. How long did it take for the facebook to be the price now?
To good to be true.. but its so impossible that bitcoin can go on that price,
It will take 30-40 years before it will go on that price or maybe much more higher than that.
It will take 30-40 years before it will go on that price or maybe much more higher than that.
There is a possiblity that the 5000 dollar will ever be reached but I honestly do not see this happen if I'm honest this amount its just too high.
I think the 2500 dollar is a number that is more realistic.
I think the 2500 dollar is a number that is more realistic.
Instead of doubting just focus on the now instead then.
I mean yeah, the # seems out of reach obviously but if you look at the price now - its on track towards the 1st break through for $1k marker.
I already can see it going to $700 since we broke $540 already.
So we need some patience and maybe we will reach that high value after some 5 years.
We have to be patient. I think in the short term, $1000 is possible. The $500 is for the price in 2018 or later.
There is a possiblity that the 5000 dollar will ever be reached but I honestly do not see this happen if I'm honest this amount its just too high.
I think the 2500 dollar is a number that is more realistic.
I think the 2500 dollar is a number that is more realistic.
Instead of doubting just focus on the now instead then.
I mean yeah, the # seems out of reach obviously but if you look at the price now - its on track towards the 1st break through for $1k marker.
I already can see it going to $700 since we broke $540 already.
So we need some patience and maybe we will reach that high value after some 5 years.
I do not know when the price is going to be $5000 but I am sure that it is not going to happen soon because we are no where near that amount of money. It will be possible over 3 years or maybe 2.
Yes exactly ,we are too far away to reach that price on the next 2-3 years .i think more than 5years to hit that price is nearly possible to expect but now were just enjoying and waiting how far is the end of halving will the bitcoin price.
I do not know when the price is going to be $5000 but I am sure that it is not going to happen soon because we are no where near that amount of money. It will be possible over 3 years or maybe 2.
The bitcoin can maybe rise to this amount although I really think its gonna be difficult o be honest because its just a very high number.
I honestly think it will take a lot of years to reach this.
I honestly think it will take a lot of years to reach this.
The price will not reach that high value soon and that is because it takes a longer time until the value will be higher and that is because it was already stable for a long time.
And the halving is also coming towards to us but it wont be that easy to earn some more money later with Bitcoin because it takes a long time.
And the halving is also coming towards to us but it wont be that easy to earn some more money later with Bitcoin because it takes a long time.
It is possible for the bitcoin price to reach $2000 any time soon, let alone $5000. When I say soon, I mean 1-2 years.
There is a possiblity that the 5000 dollar will ever be reached but I honestly do not see this happen if I'm honest this amount its just too high.
I think the 2500 dollar is a number that is more realistic.
I think the 2500 dollar is a number that is more realistic.
Instead of doubting just focus on the now instead then.
I mean yeah, the # seems out of reach obviously but if you look at the price now - its on track towards the 1st break through for $1k marker.
I already can see it going to $700 since we broke $540 already.
$700 is not difficult to achieve now, it will be there soon, may be at the time of halving this price is expected to watch and we are positively moving towards it.
Reaching $700 is a more than difficult target for the price than you realize. If China keeps pumping like they did some days ago, then the chances of seeing $700 are quite realistic, but the thing is that exchanges in Europe and the USA don't follow China all the way. Even if China reaches $700 then other exchanges will stay around $40-$50 behind with their exchange rate. In order to see these exchanges reach $700 Chinese exchanges have to pump the price to $750.
The price will not reach that high value soon and that is because it takes a longer time until the value will be higher and that is because it was already stable for a long time.
And the halving is also coming towards to us but it wont be that easy to earn some more money later with Bitcoin because it takes a long time.
And the halving is also coming towards to us but it wont be that easy to earn some more money later with Bitcoin because it takes a long time.
Dreaming to 5k value i will wait for that maybe it will happen we dont know what will happen in few months.
Dreaming to 5k value i will wait for that maybe it will happen we dont know what will happen in few months.
$5k will not be achieved in this year or next year, it will take a long time to touch it as its not a small value to hold, it can achieve that but no one knows when that time will come.
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