I will not Die Untill Bitcoin will reach at Least 50K - page 48.

Harry Hood

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A lot, if not all, of your assumption is based on increased demand, which is something no one can predict. Even if demand stays the same more supply drives the price down. You need significant demand...how do you suppose that can be guaranteed?

Quote from: Yerm on August 30, 2015, 05:19:32 PM

i like the supply and demand point. supply<21million, but demand continues to increase every day.

Are you kidding? Demand barely grows enough each day to keep the price rising (barely) and if you look at the last 18 months, demand has gone down (in case you forget we've gone from $1000 to $230).

Demand needs to rise to widespread, mainstream adoption...and if that will happen is very much unknown.

Yerm

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i like the supply and demand point. supply<21million, but demand continues to increase every day.

gentlemand

legendary

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Merit: 3015

Welt Am Draht

Well, if times is running out and you develop a juicy tumour on the side of your neck, just pop to the nearest old folks home and persuade a particularly rich and demented old man to part with $50,000 for one coin. You can pull that off tomorrow morning.

wearepoor

hero member

Activity: 784

Merit: 500

Haha... good thought but as per me its impossible. Right now its only around 227, it will be like a dream come true if Bitcoin reaches to 50K.
Cheesy

faridkifly

sr. member

Activity: 294

Merit: 250

yeah that's unbelieveable.. if the price of btc is 50K$ the problem is money's rate is down i think

Mirdude

sr. member

Activity: 319

Merit: 250

Seriously doubt it will reach $50k.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

I hope OP is still alive.
50K is perfectly doable, do the math and you'll see we only need a small % of fiat to reach 6 figures per BTC. The problem is getting the money in there. Only 1% of fiat would put is at like 750K per coin. Time will put Bitcoin where it belongs.

Pab

legendary

Activity: 1862

Merit: 1012

You have very good chance to be immortal

trollercoaster

legendary

Activity: 1050

Merit: 1001

.......

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

BTC will reach 98K very soon and this article is about that.

yep, maybe in 15-20 years. that is quite soon Wink

(or zero)

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

While a price for bitcoin of 50k dollars sounds nice, the problem is, what will you be able to buy with those 50k? If you can only buy a cup of coffee with those 50k then it means that btc crashed, if btc reaches 100 dollars but you can buy a mansion then btc reevaluated itself.

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

Have a great spirit is good, but if have more and to be an optimistic is not good, how if the price is not reach 50k after all coins have been distributed? and wait until the year of 2142 is nonsense Cheesy

i'm sure if the price reach 10k or maybe less, there will be a big sell wall.

novadragon

member

Activity: 98

Merit: 10

do not expect bitcoin can be up to 50k price, if it is still difficult to 10k

manselr

legendary

Activity: 868

Merit: 1006

Thats the spirit OP. We'll gonna make it to 300 years old.

zoukenn

full member

Activity: 120

Merit: 100

Quote from: mestar on January 14, 2014, 06:23:18 PM

Ah, the cool $50k per Bitcoin. Let's see what this means.

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2014-2016 : $180 million ($90 million if 50% sold)
2017-2020: $90 million ($45 mil)
2021-2024: $45 million ($22 mil)
etc.

So, if you are prepared to wait until 2020, good luck in finding that daily $45 million. (16$ billion in a year).

And before somebody says that miners don't need to sell 50% of their generated Bitcoins: they do need to pay their electricity bills in other currencies, and in a steady state, I estimate that the average cost of each BTC for electricity will be 50% of their market value.

Be sure that if market cap will increase so much and there will be a great volume everyday around bitcoin market, 16$ billion for bitcoin it isn't a problem ! Consider that if we want to use bitcoin like a very currency, 16$ billion isn't the 0,000001% of global economy.

SunBin

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Activity: 151

Merit: 100

Quote from: BootstrapCoinDev on November 01, 2014, 09:23:22 AM

Anyone who truly believes that bitcoin will increase 100x in 2015 should logically convert 90%+ of their assets into bitcoin (assuming they haven't already). Be interesting to know how many people have actually done that, as opposed to simply voting on a poll.

Risk management will stop people from doing that even if they are 99% convinced. Why risk what they have to gain what they do not need if one is already loaded.

erre

legendary

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CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

Someday it might be considered wealthy to own a whole Bitcoin

Many people who didn't get on the train now will be kicking themselves like the people know who
didn't buy any when they were less than 10usd

Q7

sr. member

Activity: 448

Merit: 250

Despite the thread being being posted a year ago, it's still interesting to read what people has to say. My only assertion here is that let's try to be realistic. Price which is too high is also bad for btc future

BootstrapCoinDev

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Activity: 154

Merit: 100

Anyone who truly believes that bitcoin will increase 100x in 2015 should logically convert 90%+ of their assets into bitcoin (assuming they haven't already). Be interesting to know how many people have actually done that, as opposed to simply voting on a poll.

Topic: I will not Die Untill Bitcoin will reach at Least 50K - page 48. (Read 49961 times)