[Infographic] Is this how Bitcoin gets to $500,000?

aso118

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Quote from: shursight on December 03, 2017, 10:03:04 AM

Oh yes, i remember when in March the price was about $700, and there were two teams: Seeing bitcoin go below $600, or go up to $1500.

Quote from: DaMut on August 30, 2017, 06:17:34 AM

actually Bitcoin ETF did not rejected by SEC but it's delayed by them(but in the surface they rejected it).

Wow, what a nice time, i still miss those times in when everybody was able to buy a whole bitcoin, but i remember the real fight that some users where having in there in the BTC/USD discussion on this forum.

They are not going to accept it as an ETF, it is impossible, because USA is doing as much as they can in order to regulate bitcoin.

An ETF I believe is inevitable. The primary reason why the SEC blocked ETFs is because bitcoins were unregulated. When the CTFC has allowed bitcoin futures, the SEC can not use that line of argument to block ETFs any more. You can have ETFs based on Bitcoin Futures, which are a regulated underlying. It will take time, but ETFs will get here.

teilwalL05

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This is the first time seeing this post, and the Info graphic is quite interesting in my opinion, and we can not say if bitcoin is really bond to go beyond that mark but there is a possibility and in my opinion the years that have been put in the info graphic is quite unique and I think it has a calculation involve before putting it there because this Picture was post on the August 2017 and the price is at $4000 value back then, and we had reached the price of $10,000 value on November 29, 2017, and the speculation there by Tim Draper that we can attain that price by 2018, It is so close to be speculated I think there is a calculation and a study that the price would go beyond that, it just exceed the expectation because the pump on bitcoin was so much than expected.

shursight

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Oh yes, i remember when in March the price was about $700, and there were two teams: Seeing bitcoin go below $600, or go up to $1500.

Quote from: DaMut on August 30, 2017, 06:17:34 AM

actually Bitcoin ETF did not rejected by SEC but it's delayed by them(but in the surface they rejected it).

Wow, what a nice time, i still miss those times in when everybody was able to buy a whole bitcoin, but i remember the real fight that some users where having in there in the BTC/USD discussion on this forum.

They are not going to accept it as an ETF, it is impossible, because USA is doing as much as they can in order to regulate bitcoin.

EdenAquis

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Quote from: cellard on August 30, 2017, 05:54:32 AM

Do you think this is realistic?

If BTC grows to such heights, the overall graph must look like that, since it must go up exponentially, therefore with an exponential curve. The difficulty is knowing when and how.

This prediction includes a $7000 prediction during 2017 fired up by a SEC approval of a Bitcoin ETF. The question is... how likely is it that an ETF for Bitcoin happens during 2017?

We've had already two (to my knowledge) failed ones during 2017. Who else can try to get the job done and actually get it approved?

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ccowl

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I think overall crypto will overtake gold and partially replace the stock market (which will move into crypto world). However I doubt that bitcoin will be able to pull it off by itself. Bitcoin is too easily replaced by other altcoins.

Ibian

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Don't overthink it. The price will keep going up because more people want bitcoin than those who want out. The rest is just details.

MRlong

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Quote from: BitcoinHodler on August 30, 2017, 07:28:50 AM

i don't like the government involvement and the regulation that things like ETF and including it in 401k stuff brings. it would have been good if it was from any other country but since we are talking about US, it can not be that good. in fact it may even be restrictive too!

but irregardless of that, the price will rise on the same path and the comic rocket is showing, a fast rise which will only speed up as time passes.

Although when government join the cryptocurrency world will have many issue, but that is only option for helps Bitcoin grow in future, because after goverment accept Bitcoin and cryptocurrency world is legal, they will become to famous easy.

BitcoinHodler

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HODLing is an art, not just a word...

i don't like the government involvement and the regulation that things like ETF and including it in 401k stuff brings. it would have been good if it was from any other country but since we are talking about US, it can not be that good. in fact it may even be restrictive too!

but irregardless of that, the price will rise on the same path and the comic rocket is showing, a fast rise which will only speed up as time passes.

DaMut

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i believe Bitcoin will be huge in the coming years,
but if we talk about the exact time nobody know about it,
honestly speaking i am very happy if we're really hit $500.000 in 2030,
not only me obviously many people will be happy about it.
actually Bitcoin ETF did not rejected by SEC but it's delayed by them(but in the surface they rejected it).
but this year ? i am not really sure about it,
if everything will happen exactly like that picture(not about price but implementation),
it has a possibilities to get accepted this year.
except regulated in the USA,i am a bit skeptical about it

cellard

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Do you think this is realistic?

If BTC grows to such heights, the overall graph must look like that, since it must go up exponentially, therefore with an exponential curve. The difficulty is knowing when and how.

This prediction includes a $7000 prediction during 2017 fired up by a SEC approval of a Bitcoin ETF. The question is... how likely is it that an ETF for Bitcoin happens during 2017?

We've had already two (to my knowledge) failed ones during 2017. Who else can try to get the job done and actually get it approved?

Topic: [Infographic] Is this how Bitcoin gets to $500,000? (Read 681 times)