Topic: BTC to 5000$ soon - page 4. (Read 36740 times)

Yeah price will go high in  future and I think we should hold our coins til then but I don't think that its easy to achieve the price of $5k in near future.

I certainly hope it will go up that high. I'm pretty sure it will just keep going up and up but it's up to people and their greed to decide when to cashout or to even cashout at all. Personally i would hold onto my btc and wait it out while only cashing out when needed.

I agree with that. The bitcoin price might reach $1000 late this year or early next year, but it will not reach $5000.

What charts are you looking at? 

Bitcoin has the potential to reach $5000, but this won't happen in a short time as users predicted. Even to reach the price around $700 it had took almost 8years. So to reach $5000 it might take more time.

We know that the price is not going to be $5000 soon but it would be nice if it happened soon because I would sell some Bitcoin right away.
I think that we need at least 3 more years before the price can really climb up to that.

I don't think it's even funny any more to see people as ignorant as you are. When BTC reached its ATH of ~30$ it didn't take "a couple more year" to go even higher. In fact, it went more than 5x higher right away. When we reach 1000$ full FOMO kicks in bringing us to 5k in no time.

I do not believe that the price is going to be $5000 any time soon now because we also have yet to reach $1000.
We will need a couple more year before the price is going to reach $5000.

yeah and we all want that bitcoin price should rise in future and at the same time we also need to be realistic with its price we should only dream off which can be achievable in near future.

Back in the day paper money was backed by gold. Coins were made of copper, silver, and gold. This was true in the USA, Canada, Europe, and much of the world. Now coins are made of aluminum and other cheap metals. They have no more intrinsic value than counterfeit money. You can see the value of fiat currency shrinking around the world as food and essentials get more and more expensive compared to average incomes.
Many on this thread keep saying it will take a certain amount of time for Bitcoin to hit $5k. It has nothing to do with time, and everything to do with economics. Things can change very rapidly, and I would argue that the world is far worse off today than it was in 2008. They can only lower interest rates into the negatives, and printing money this time would cause far more problems than it would solve. It isn't hard to see Bitcoin performing far better in an economic crisis than it did in 2013. Bitcoin didn't exist in 2008.

https://en.wikipedia.org/wiki/Stock_market_crash

i think you might be right, the price will be definitely booming in the future because bitcoin popularity is going to increase really fast and make us all some good money

I could not agree more with what you said before.
I do not live in the United States anymore but I remember when I was there in 2014 I saw something like that in some areas of New Jersey.
What I underlined is something I also firmly believe. Time will tell

Wow! Those debts are high and it really made a big jump up to 100000x. How can this be happening? How these inflation works and seems like growing so fast?

Bitcoin will reach to the value of $5k in next 5 years not before that, and at a moment our primary intention should be to achieve the price of $1k.

In my opinion it is already getting hard for everybody. At least the lower and middle class are having a tough time.

They claim in the USA unemployment is supposedly around 5%, yet you have 96 million people who are not working. That is 1/3 of the able bodied work force. If you can't collect unemployment you are no longer counted. If you lost your manufacturing job and work at a fast food joint, you are no longer counted. Look at any strip mall in rural America and you will see many empty store fronts. In some I have noticed up to 3 payday loan stores in one strip mall! The people who the liberals claim to help got screwed the worst. And there is no end in sight. In my opinion this is one reason we are seeing an escalation in violent crimes. You might notice that 7 to 10 year car loans have been the latest craze. Auto sales skyrocketed in the same way homes did back around 2004 to 2007, and these auto loans are now starting to default. Just Google it.

In reply to the article on the stock buying spree, I was talking about this with a friend this morning. People are trying to move money to safety. The US market is one of the last safe havens, but we must remember that it has been artificially pumped up due to lack of interest you can earn in cash. Those who saved all their lives and expected to earn 6% to 10% on their savings can now earn nothing. In fact banks are talking about negative interest rates. When you have companies like Amazon selling for nearly 400 times earnings, it is a sure sign that something is wrong and a collapse is coming. As you said, equilibrium has already been lost. When it all falls apart, Bitcoin could easily blow through $5k. We could even see multiples of that number. One thing is sure, all of it's detractors have underestimated it's long term performance.

http://www.zerohedge.com/news/2015-05-10/age-cryptocurrency

That is right. I think the bitcoin price might reach 5000 dollars in 2 to 5 years, but definitely not very soon.

The value is not going to be that high because we still have yet to reach $1000 this year but it is not sure of even that is going to happen.
So the chance is then even smaller of the price going to reach $5000.

5K is not impossible, but highly improbable in my opinion. There are a lot of factors that affect how the price moves, and it wouldn't be going up that fast anytime soon. And as bitcoin matures, we would see the price stabilize more at lower levels, say $2000.

Very interesting and, for your information I suggest you read the following.

http://www.zerohedge.com/news/2016-07-18/failed-coup-sparks-yen-driven-buying-spree-us-stocks

I feel the same as you: there should be a breking point where the equilibrium will be lost. This situation can't lost for long.
I'm afraid when we will reach that point it will be hard for everybody. History says that in those times war come into place.
scary

That's right and the reason they got interested to use it is because more people believe in it and it's making the company confident that the bitcoin may have a good future.