Just about 20 million. Wait and watch it REALLY explode... - page 2.

CyberKuro

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Quote from: barabbas on August 13, 2017, 11:17:13 PM

Tens, hundreds of thousands of new bitcoin purchasers, traders, holders... It's a fever, across the world, making the mainstream news -and new highs- every day....

But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...

What is going to happen when not hundreds of thousands, but actually hundreds of millions of people want to have bitcoin?

We ain't seen nothing yet.

Here's my prediction, for the books: $50,000+ within 5 years, probably within 3 years.

Or earlier.

Bitcoin limited supply makes bitcoin increasingly rare as time goes on, because bitcoin could reach $5000 in this year and then $50K in 5 years later? Maybe it could happen due to people always looking for an investment and bitcoin is one of the best.
Current rally maybe caused by investors or some whales be involved in this technology due to stocks and bonds market declined after US election.

chesthing

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Quote from: gentlemand on August 14, 2017, 01:31:56 PM

Quote from: chesthing on August 14, 2017, 01:26:51 PM

Most realize the crypto mkt cap will hit a trillion usd someday, and it's not going to take a decade to do it. With btc taking a conservative half of that, the current price is about 10% of where it's most likely heading.
I ask again, what if no correction is incoming? the genie is out of the bottle, and this is just the start on the road to $40k/btc? that figure the twins forecast would be happening with btc years ago?

I don't think anything is that easy myself. There are still plenty of things to iron out.

A pretty much unsullied run to those price levels is conceivable, but all it takes in the tens of thousands is for a few people to think 'hang on, what am I paying for here?' and then a few others join them and before we know it we're back to peanuts again.

At this moment in time it needs more than greater fools. There should be more reasons to justify why the sellers are fools.

You could argue it's been seriously undervalued for ages and that might make sense. You can also say the exact opposite and convince just as many people. There's no way knowing and the truth doesn't really matter, only the sentiment.

I suppose the best reason is that fiat is inflationary and bitcoin is deflationary. So unless you need the money for bills or have found a better looking investment, why sell? If the reason is to hopefully buy back on a dump and increase your btc, glwt this isn't working these days, you only end up losing btc when the next leg up starts.

gentlemand

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Welt Am Draht

Quote from: chesthing on August 14, 2017, 01:26:51 PM

Most realize the crypto mkt cap will hit a trillion usd someday, and it's not going to take a decade to do it. With btc taking a conservative half of that, the current price is about 10% of where it's most likely heading.
I ask again, what if no correction is incoming? the genie is out of the bottle, and this is just the start on the road to $40k/btc? that figure the twins forecast would be happening with btc years ago?

I don't think anything is that easy myself. There are still plenty of things to iron out.

A pretty much unsullied run to those price levels is conceivable, but all it takes in the tens of thousands is for a few people to think 'hang on, what am I paying for here?' and then a few others join them and before we know it we're back to peanuts again.

At this moment in time it needs more than greater fools. There should be more reasons to justify why the sellers are fools.

You could argue it's been seriously undervalued for ages and that might make sense. You can also say the exact opposite and convince just as many people. There's no way knowing and the truth doesn't really matter, only the sentiment.

chesthing

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Quote from: gentlemand on August 14, 2017, 01:19:29 PM

I reckon there's far, far more than a million inaccessible coins. And there are quite a few people with tens of thousands of coins and more.

Combine the two and there may only be a few million that will ever come anywhere near a marketplace. I wonder whether that'll actually be regarded as a detriment if it really goes bonkers.

Most realize the crypto mkt cap will hit a trillion usd someday, and it's not going to take a decade to do it. With btc taking a conservative half of that, the current price is about 10% of where it's most likely heading.
I ask again, what if no correction is incoming? the genie is out of the bottle, and this is just the start on the road to $40k/btc? that figure the twins forecast would be happening with btc years ago?

pcfli

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Quote from: An0nyMoose on August 14, 2017, 01:14:58 PM

I would not be surprised if the price goes to $10,000+ now, but based on my calculations it will reach maybe $7,000 at the highest before crashing again.

I am also agree with your opinion. We need another correction before reaching new high resistance level. 10000$ is psychological level and we all know that emotions already control whole market.

gentlemand

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Welt Am Draht

I reckon there's far, far more than a million inaccessible coins. And there are quite a few people with tens of thousands of coins and more.

Combine the two and there may only be a few million that will ever come anywhere near a marketplace. I wonder whether that'll actually be regarded as a detriment if it really goes bonkers.

chesthing

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This bull market has been going on for almost 2 years now, how many times have shorters had their guts stomped out? too many to count.
What if crypto is finally been seen as having value for it's utility rather than just a tool for gambling? What if people see the next halving is only a couple years away and realize it's a sure bet the price will only go up then from where it's at now? What if there is no major correction coming?

An0nyMoose

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I would not be surprised if the price goes to $10,000+ now, but based on my calculations it will reach maybe $7,000 at the highest before crashing again.

PancherBitCoin

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Quote from: Denker on August 14, 2017, 12:48:35 PM

Quote from: mobnepal on August 14, 2017, 12:29:15 AM

It looks like $10k is around the corner and I won't be surprised to see bitcoin at $10k+ by end of 2018. Price might easily cross $5k mark by december this year because current bull run is really big and unbelievable that's why more new buyers/investors are putting their fiat into bitcoin that will surely fuel another round of pump.

When I'm reading all this threads it looks like I maybe should prepare for a big drop and buy as much as I can.
Way too much positive thinking here imo.
Yes we will go higher. Maybe extremely high in a short time. But be sure this is not just such an easy gift you will get. We will see massive dumps and extreme volatility.MAybe tomorrow we will be back to 3000 or 3500. In such a sentiment the sharks like to surprise the dumb mass money who thinks we will just go higher and higher without any massive shakeouts. So be prepared!

Of course, I fully agree with you that all these stories and forecasts, to the right Yanino-1, to manipulate his wife on Bitcoin. But all that is not said, all the same Bitcoin sooner or later will rise and 5 000 dollars, and even 10,000 dollars. That's just a question, When ?.

Denker

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Quote from: mobnepal on August 14, 2017, 12:29:15 AM

It looks like $10k is around the corner and I won't be surprised to see bitcoin at $10k+ by end of 2018. Price might easily cross $5k mark by december this year because current bull run is really big and unbelievable that's why more new buyers/investors are putting their fiat into bitcoin that will surely fuel another round of pump.

When I'm reading all this threads it looks like I maybe should prepare for a big drop and buy as much as I can.
Way too much positive thinking here imo.
Yes we will go higher. Maybe extremely high in a short time. But be sure this is not just such an easy gift you will get. We will see massive dumps and extreme volatility.MAybe tomorrow we will be back to 3000 or 3500. In such a sentiment the sharks like to surprise the dumb mass money who thinks we will just go higher and higher without any massive shakeouts. So be prepared!

chesthing

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Quote from: kwukduck on August 14, 2017, 11:20:49 AM

Jesus you guys are completely delusional. I've never seen this kind of mass delusion before.
Even if hundreds of millions of people are interested in Bitcoin, which is extremely unlikely all on its own, the price will not go extreme as they will USE Bitcoin for what it was intended instead of mass HODL like the delusional bunch here.

Most buying are not going to spend it. If you owned something you believed could go up in value exponentially would you use it for daily expenses?
Of course not.

mrfreezeh

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Quote from: Inkdatar on August 14, 2017, 06:53:01 AM

Quote from: ivrynx on August 14, 2017, 06:06:18 AM

Let's not forget the nature of bitcoin, it is still volatile, i thinl it os safe to say that we still need to be cautious, let's not forget to make a plan, i know we all are going to be millionaires in our own right, thanks to bitcoin, let's all hope that within 5 or 10 years, we are all financially free.

Bitcoin has continue to be strong until today. With its price is being volatile that we have to ride with the train as I believe it will explode but not this year. Yes we can be millionaire in the future so holding is the best for me.

For me, if compare the price this month last year with the current price, really Bitcoin is asset have ratio growth very impressive. I don't know other type investment can have big profit in short time like Bitcoin until today.

kwukduck

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Jesus you guys are completely delusional. I've never seen this kind of mass delusion before.
Even if hundreds of millions of people are interested in Bitcoin, which is extremely unlikely all on its own, the price will not go extreme as they will USE Bitcoin for what it was intended instead of mass HODL like the delusional bunch here.

dreamer81

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i totally agree. Only concern is if someone (read governments) make an attack on the bitcoin network.
Could the chinese government buy so much hashpower, that they could destroy the network, and just call all it an investment to ruin bitcoin?

Sithara007

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Leading Crypto Sports Betting & Casino Platform

I don't want to be overly optimistic. But we should not forget about the potential roadblocks in the next few months. The biggest challenge is going to be the implementation of SegWit2x. A chance of a split is still there.

xskl0

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Bitcoin SV is Bitcoin

Hundreds of milions buying Bitcoin will make bitcoins worth millions each

Inkdatar

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Quote from: ivrynx on August 14, 2017, 06:06:18 AM

Let's not forget the nature of bitcoin, it is still volatile, i thinl it os safe to say that we still need to be cautious, let's not forget to make a plan, i know we all are going to be millionaires in our own right, thanks to bitcoin, let's all hope that within 5 or 10 years, we are all financially free.

Bitcoin has continue to be strong until today. With its price is being volatile that we have to ride with the train as I believe it will explode but not this year. Yes we can be millionaire in the future so holding is the best for me.

evilgreed

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The future is yet starting and it is not impossible that the prices will be that high and end the end those late adapters would just complain and keeping thinking about their regrets, as early as now we can see that bitcoin is already starting to crawl high and it is really targetting something. The predictions may also be correct, but as long as more and more people are into crypto world the more the market becomes higher.

ivrynx

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Let's not forget the nature of bitcoin, it is still volatile, i thinl it os safe to say that we still need to be cautious, let's not forget to make a plan, i know we all are going to be millionaires in our own right, thanks to bitcoin, let's all hope that within 5 or 10 years, we are all financially free.

ekoice

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Quote from: barabbas on August 13, 2017, 11:17:13 PM

Tens, hundreds of thousands of new bitcoin purchasers, traders, holders... It's a fever, across the world, making the mainstream news -and new highs- every day....

But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...

What is going to happen when not hundreds of thousands, but actually hundreds of millions of people want to have bitcoin?

We ain't seen nothing yet.

Here's my prediction, for the books: $50,000+ within 5 years, probably within 3 years.

Or earlier.

Yes,no one would have ever thought an year ago that bitcoin price could reach $4000 the very next year.Price was just $650 at that time.Most people all over the world have started realizing that bitcoin would be the future of world economy.They hope that bitcoin would be the game changer of their life.Already we have crossed $4000 in august 2017 itself.It would not be a surprise if bitcoin price crosses $6000 within this year end.So,in 2018 end it may even cross $10,000.Whatever the demand is,bitcoin supply is limited to only 21 million coins.So,if demand increases very high,then bitcoin price would even go in millions making even a person having just 1 bitcoin as a millionaire.

Topic: Just about 20 million. Wait and watch it REALLY explode... - page 2. (Read 2756 times)