I will not Die Untill Bitcoin will reach at Least 50K - page 36.

deisik

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Quote from: zimmah on September 15, 2016, 06:05:02 PM

Quote from: deisik on September 15, 2016, 03:55:54 AM

Quote from: zimmah on September 15, 2016, 03:44:22 AM

Look at lal these people who don't even believe 50k is possible.

Be realistic guys. How can bitcoin stay this cheap if we even get 100 million users worldwide?

To get realistic you should first explain to us how and when (if ever) the Bitcoin user base gets expanded to 100 million users worldwide. The majority of population in developed countries live on credit. It means that they don't save up anything and are tightly tied to fiat and their credit cards. The rest of world population doesn't live on credit simply because they can't get any credit at all (which doesn't mean that they wouldn't if given an opportunity). People in general are spenders, not savers...

The conclusion is that you can safely forget about 100M Bitcoin users for the foreseeable future

Those who live on credit would benefit a lot from crashing the dollar price and buying bitcoin.

Because the less value the dollar has, the cheaper it will be for you to pay of your credit

You obviously totally ignore the other side of the equation. That is, to buy bitcoins, you would still need dollars (which you use to pay back the loan). And forget at that about the simple truth that collapsing dollar will necessarily lead not only to a surge in the Bitcoin price (which should be self-evident) but also to an overall hyperinflation in prices of virtually everything. So, even if they could pay back their loans with cheaper dollars (which is a big question in and of itself), they will still end up poorer (read farther from buying bitcoins)...

In this way, I don't think that buying bitcoins will be an option for all these people

VanDeinsberg12

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Quote from: skyway1 on September 15, 2016, 09:13:15 AM

Quote from: n691309 on September 08, 2016, 05:24:27 AM

Not likely, the bitcoin price is really hard to reach the target of 50k for each bitcoin, for the moment is a dream for us if bitcoin reaches 1k or 2k USD so I doubt that for this decade bitcoin will reach 50k.

You are right that bitcoin price is really hard to reach 50K , but sometime i thinking that it can be possible that bitcoin price reach to 50k if bitcoin adoption more increase and everyone start to use bitcoin than their currency.

I don't whink for giving a serious feedback for this and according from fact this is just like a troll, for my personally. please considering about fact in a real life and that is just in a dream.

tabas

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Quote from: albert11 on September 15, 2016, 06:09:43 PM

We have such interesting times ahead that I have stopped smoking. I want to live longer to see how everything pans out.

Well that is why you really need to take care of your health and if you are going to die without witnessing the price of bitcoin to reach $50k then that is going to be one of your sad moments while most of the bitcoin users are going to enjoy that day if that is going to happen. I hope this is going to happen few years from now.

albert11

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We have such interesting times ahead that I have stopped smoking. I want to live longer to see how everything pans out.

zimmah

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Quote from: deisik on September 15, 2016, 03:55:54 AM

Quote from: zimmah on September 15, 2016, 03:44:22 AM

Look at lal these people who don't even believe 50k is possible.

Be realistic guys. How can bitcoin stay this cheap if we even get 100 million users worldwide?

To get realistic you should first explain to us how and when (if ever) the Bitcoin user base gets expanded to 100 million users worldwide. The majority of population in developed countries live on credit. It means that they don't save up anything and are tightly tied to fiat and their credit cards. The rest of world population doesn't live on credit simply because they can't get any credit at all (which doesn't mean that they wouldn't if given an opportunity). People in general are spenders, not savers...

The conclusion is that you can safely forget about 100M Bitcoin users for the foreseeable future

Those who live on credit would benefit a lot from crashing the dollar price and buying bitcoin.

Because the less value the dollar has, the cheaper it will be for you to pay of your credit.

Also 100 million users is not a lot at all compared to the world population.

n691309

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Quote from: skyway1 on September 15, 2016, 09:13:15 AM

Quote from: n691309 on September 08, 2016, 05:24:27 AM

Not likely, the bitcoin price is really hard to reach the target of 50k for each bitcoin, for the moment is a dream for us if bitcoin reaches 1k or 2k USD so I doubt that for this decade bitcoin will reach 50k.

You are right that bitcoin price is really hard to reach 50K , but sometime i thinking that it can be possible that bitcoin price reach to 50k if bitcoin adoption more increase and everyone start to use bitcoin than their currency.

Tried to find an exact number how many people in the world use currency but couldn't find something concrete but if bitcoin gets the popularity which has the fiat now then it should be something enormous good happening with bitcoin, a good investment for people and some years to reach this trust.

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Quote from: Ademen on September 15, 2016, 11:45:59 AM

Quote from: Digitalbitcoin on September 15, 2016, 10:29:27 AM

I checked comment on post.

No one explained or even discussed about formulation of bitcoin, and halving of bitcoin.

These things are the base sources of bitcoin formulation.

Already third halving happened. and current price for per block reward is 12.5 same way it will decrease by 50% in next halving same way it will finish mining by soon as more and more computing power is contributed so difficulty level is increasing.

In other way altcoins are also generated by mining and exchanged with bitcoin. So transactions happen and if we see fee structure now a days fees also increased.

It taking to increase of bitcoin price surely.

Halving of the bitcoin is not the driving force of the bitcoin price rise. It is the usage of the bitcoin which is most important.

the halving is there to allow an increase imho, it force a pump, it's good in this sense because if you force a pump, newbie will come like pigeons, to not lose the train

sabbirshm

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well, 50K is a very big amount and I think its not going to happen so fast.Bitcoim has an ups & down on it's way and its too difficult to reach 50K. I wish it happen before my dead.

Ademen

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Quote from: Digitalbitcoin on September 15, 2016, 10:29:27 AM

I checked comment on post.

No one explained or even discussed about formulation of bitcoin, and halving of bitcoin.

These things are the base sources of bitcoin formulation.

Already third halving happened. and current price for per block reward is 12.5 same way it will decrease by 50% in next halving same way it will finish mining by soon as more and more computing power is contributed so difficulty level is increasing.

In other way altcoins are also generated by mining and exchanged with bitcoin. So transactions happen and if we see fee structure now a days fees also increased.

It taking to increase of bitcoin price surely.

Halving of the bitcoin is not the driving force of the bitcoin price rise. It is the usage of the bitcoin which is most important.

Digitalbitcoin

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I checked comment on post.

No one explained or even discussed about formulation of bitcoin, and halving of bitcoin.

These things are the base sources of bitcoin formulation.

Already third halving happened. and current price for per block reward is 12.5 same way it will decrease by 50% in next halving same way it will finish mining by soon as more and more computing power is contributed so difficulty level is increasing.

In other way altcoins are also generated by mining and exchanged with bitcoin. So transactions happen and if we see fee structure now a days fees also increased.

It taking to increase of bitcoin price surely.

skyway1

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Quote from: n691309 on September 08, 2016, 05:24:27 AM

Not likely, the bitcoin price is really hard to reach the target of 50k for each bitcoin, for the moment is a dream for us if bitcoin reaches 1k or 2k USD so I doubt that for this decade bitcoin will reach 50k.

You are right that bitcoin price is really hard to reach 50K , but sometime i thinking that it can be possible that bitcoin price reach to 50k if bitcoin adoption more increase and everyone start to use bitcoin than their currency.

dinda22

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Quote from: mark coins on September 15, 2016, 03:52:47 AM

Quote from: AlexBits on September 15, 2016, 03:06:37 AM

Some people are way too ambitious, it will never reach 50k. There will be competition coming there will be bad events happening all these things are unavoidable and will stop bitcoin from reaching 50k. Consider yourselves lucky if it hits 5k.

That's right and people don't have patience even to hold their coins till it reaches to $5k as most of them will sell their coins even if they see the price of $1k and that will crash the price again.

You are right. most of us will not be strong when looking at the price of $1k to sell immediately. I look when in 2013, when the price reaches over $1000 and the price did not last long. then slowly down.
to be honest, I myself will sell all my bitcoin when the price reaches $1k, no matter it is going up, but I'm sure it will be decreased.
like this year, the highest price reached $750 and it did not last long and then come down and until now difficult to reach the back

deisik

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Quote from: zimmah on September 15, 2016, 03:44:22 AM

Look at lal these people who don't even believe 50k is possible.

Be realistic guys. How can bitcoin stay this cheap if we even get 100 million users worldwide?

To get realistic you should first explain to us how and when (if ever) the Bitcoin user base gets expanded to 100 million users worldwide. The majority of population in developed countries live on credit. It means that they don't save up anything and are tightly tied to fiat and their credit cards. The rest of world population doesn't live on credit simply because they can't get any credit at all (which doesn't mean that they wouldn't if given an opportunity). People in general are spenders, not savers...

The conclusion is that you can safely forget about 100M Bitcoin users for the foreseeable future

mark coins

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Quote from: AlexBits on September 15, 2016, 03:06:37 AM

Some people are way too ambitious, it will never reach 50k. There will be competition coming there will be bad events happening all these things are unavoidable and will stop bitcoin from reaching 50k. Consider yourselves lucky if it hits 5k.

That's right and people don't have patience even to hold their coins till it reaches to $5k as most of them will sell their coins even if they see the price of $1k and that will crash the price again.

zimmah

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Look at lal these people who don't even believe 50k is possible.

Be realistic guys. How can bitcoin stay this cheap if we even get 100 million users worldwide?

AlexBits

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Some people are way too ambitious, it will never reach 50k. There will be competition coming there will be bad events happening all these things are unavoidable and will stop bitcoin from reaching 50k. Consider yourselves lucky if it hits 5k.

deisik

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Quote from: awesome31312 on September 15, 2016, 02:43:27 AM

All I can say is, good luck. Bitcoin is pretty much stagnating at the $500-600 range. At most, it could be worth around $10k within a couple of decades from now

The OP was last active on June 24, 2016, more than two months ago. It seems that he doesn't expect the price to reach $50K any time soon himself and switched into hibernation mode till there is a reason for showing up again...

So we may not see him again until a new round of hype starts

awesome31312

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All I can say is, good luck. Bitcoin is pretty much stagnating at the $500-600 range. At most, it could be worth around $10k within a couple of decades from now

Unidonade

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Quote from: Crazygreek on September 09, 2016, 12:11:30 PM

Optimistic, but i am not sure it's possible, nowdays price is not even $1k, so to reach $50k we need a lot of time and hard work, but i believe on you dude Grin

That is right. But we are still in the lower part of the S curve. The price rise will accelerate in the next few years.

Crazygreek

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Optimistic, but i am not sure it's possible, nowdays price is not even $1k, so to reach $50k we need a lot of time and hard work, but i believe on you dude Grin

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