Topic: Five years ahead - page 2. (Read 2605 times)
All those 9th graders that started mining when they were in 6th grade. Theyre going to be quite the catch for the cheerleaders when they are in 12th grade.
I wonder if Bitcoin will be alive in 5 years
No more or less alive than it is today. It is not a biological organism. 
I wonder if Bitcoin will be alive in 5 years
I remember my biology lecturer showing a graph on how quickly bacteria divide and grow. He said after a few weeks the entire planet would be covered in a metres thick layer of bacteria. Except it's not. There isn't enough food and other resources to support that sort of growth in numbers.
Bitcoin is no different. New speculators and current speculators who think the price will go even higher are the 'food' for bitcoin. Once we run out of enough to sustain growth the price will taper off and fall.
But hey, I would love to believe I can pay off my entire mortgage with one bitcoin sometime in 2016.
Bitcoin is no different. New speculators and current speculators who think the price will go even higher are the 'food' for bitcoin. Once we run out of enough to sustain growth the price will taper off and fall.
But hey, I would love to believe I can pay off my entire mortgage with one bitcoin sometime in 2016.
as much as I'd love this to be true, I imagine it will taper off at some point. IMO 10k is possible in 2014, but getting to 100k is going to take some time. I don't think we'll see 100 million. If we do, it will be after my life time. No way fate will let me enjoy my investment that much.
I sure think that we will taper off at the end, decelerate from 100k to 1 million, and taking more time than showed in those graphs.
as much as I'd love this to be true, I imagine it will taper off at some point. IMO 10k is possible in 2014, but getting to 100k is going to take some time. I don't think we'll see 100 million. If we do, it will be after my life time. No way fate will let me enjoy my investment that much.
If I don't put this here, somebody else surely will 
:
:
Aren't the trendlines predicting $10,000 in 2014? If we keep at the same pace as we have gone this year we will definitely see that price next year if not $100,000 I would think?
Granted, I am always bullish. A bear will have a different view for sure!
Granted, I am always bullish. A bear will have a different view for sure!
I was playing with this great tool https://www.tradingview.com, making simple projections. As a noob, I know that my trendlines placements are off, but it made sense to me, visually. I tried to equally divide the areas above and below the average price.
Conservative estimate:
Extreme bullish estimate:
I must be doing something wrong, but it was fun as hell.
Conservative estimate:
Extreme bullish estimate:
I must be doing something wrong, but it was fun as hell.
Jump to: