Topic: Let's get real, $20k by April, $50k+ 2018, $100k+ 2019 - page 2. (Read 1140 times)

did i said that ?
i do not recall saying that thing,i only said 'but if we're looking at our current progress and improvement',
which mean i am saying about today improvement and development are not worth that much.
just look at the fork for example,
if we're looking at it we should see the real goal for that fork is to increase the block which is very beneficial for Bitcoin itself,
but at the same time many people against it.
we may be can see it around that but before doing that we need to see a solid community behind it,
slowly we should moving toward that place but we need more time.
it's not that easy to reach that point and steadily increase in value,system and technology.

All we can do is to hope that bitcoin's price will continue growing in the next days. But before that happens we need to hope that governments will begin embracing bitcoin. it's price will definitely go up because of the demand from people who are already into it and the people who are starting to invest on it. The current price only shows that more and more people are getting more aware of it but regulations from one country to another and worst a ban from them would definitely stop everything.

I think we need compare more about market size then price. Because Bitcoin worthing 50k will be huge. How many institutions and people will have to start buying? How much will cost to mine? Because more people will want to do that.

altcoins don't "get any of the market", and if they do they never keep it for long. you can see it in their volume charts. it is obvious that there has been big altcoins some of which even bigger than bitcoin. during their pumps they attract a lot of attention from all over the market. for example bitcoin cash had a much bigger volume than bitcoin at some point last month. but they never last! they get pumped, make a lot of noise, then get dumped and go back to being nothing.

I dont think this numbers are realistic 2018 there are altcoins that will release their developments which maybe also get some of the market.. especially when there are big companies entering now in the game

1. Mt Gox did not cause bitcoin to collapse. It was going to collapse anyway, just like it did in all the prior bubbles (like you mentioned). Mt Gox was just the catalyst, and it was a large catalyst. Even if Mt Gox were not hacked, something else would have pushed the price down just as hard, or it would have just fallen for no reason.

2. You'll notice that the time between bubbles increases as the price increases. This happens for most assets. I don't see why bitcoin's largest bubble by a massive amount would crash and then result in another bubble in a much shorter time than we saw between the previous two.

3. You are right about the cme group futures actually. I didn't realize they aren't going to be settled, and I agree that this is pretty dumb. Seems really reckless and dangerous.

No.

First of all nothing I said is uncharacteristic of bitcoin. All I said is that it will go up a ton the next 3 years. I never said there will be no crashes along the way. There has been plenty of crashes and corrections this year and obviously there will continue to be crashes because the market gets overly excited during a bull run and a crash must come to correct the price and form a new higher base, and then it continues to climb.

Also you are acting like the crash of Mt. Gox is some normal repeating event that happened more than once and will continue to happen. What you're describing from end of 2013 until beginning of 2017 has happened exactly once and it was caused by the collapse of Mt. Gox. Past bubbles happened just like the nov 2013 bubble but the down period would only be like 6 months before the next meteoric rise. The 3 years it took to come back up was entirely because of Mt. Gox. So what you are saying is just wrong, nothing about bitcoin's history says it will either shoot up to $100k in a few months or else take 4-5 years. That's just your own opinion, which is fine, but don't act like it has any basis in the historical movements of Bitcoin. It's all just opinions.

Also I don't think you are understanding how the CME futures work. They are entirely cash settled. The market won't be touching bitcoin itself, and therefore won't affect the price of bitcoin. They will just be betting on bitcoin's price, like betting on a horse race. Shorting bitcoin in a futures contract doesn't actually short bitcoin, they're just shorting the price, and that would be an extremely dumb thing to do. Investors who do that are going to lose a lot of money. Shorting only works if you're talking about shorting actual bitcoin, and for that to happen all these institutional investors would first have to buy into bitcoin, which none of them have which is why they are creating this futures market so they can make all these bets without actually dealing with the bitcoin market.

McAfee even said more three years from now and his on this prediction now.Though I really don't care about those Wall St. people and if it comes to supply as others are worrying about it. We can use bitcoin in fractions and if the marketcap goes up and reaches $100,000/bitcoin it is a world now that has too many rich people because of crypto/bitcoin.

The price behavior you are describing would be extremely uncharacteristic of bitcoin and of any asset. If bitcoin is going to hit $100k, it's going to either happen in the next few months, or 4-5 years down the road after a massive crash and painfully slow recovery, like it did from 2013 to 2017. If the parabolic rise in bitcoin price doesn't continue up to $100k then it will crash before that. If it does, then it will crash after that. In either scenario, it crashes.

To be honest the most likely thing to happen is that CME group futures will start trading in mid December, and some random institutional fund will, on a whim, decide to throw $100 or $200 million dollars into a short position just for kicks and giggles, as a small speculative investment. This will cause the price to get absolutely annihilated, and the bubble will fall apart. An 80-90% decline seems realistic. Maybe we'll hit $15,000 before that happens. Either way, I'm cashing out of what little I have left in the next two weeks.

You're assuming that the Bitcoin devs won't upgrade Bitcoin ever again....which is wrong as they are constantly working on bitcoin upgrades. Transaction fees will go way down in time as scalability upgrades get added on.

So do I think people will use the platform as a payment system?
Absolutely.

This isn't a bubble, it's called the maturing of a new market / transformative technology. And $10k price is just like a child's first step, we're still very early on.

Think about if you could have bought shares of the technology of automobiles, or of television, or of planes, or of computers, or of the internet, or of mobile devices. You couldn't because those technologies didn't have shares associated directly with the technology. Bitcoin is like those except you can buy shares of it. The last thing Bitcoin is is a bubble.

I see you going a bit too quick in saying that now, we finally arrived to the mainstream adoptance. As you said yourself, it is just the beginning, so I would rather except the real interesting things by 2020, for the halving, as I always said it. Before that time, we will grow of course, but I think we will stay under 50 000$.

https://twitter.com/officialmcafee/status/935900326007328768

McAfee doubled the bet!

He now says $1 Million before 2020 and he's still gonna eat his dick if not! 

It is very possible that you are right but also completely wrong in your speculation,BTC can go in both direction.We all hope that growth will continue every year without stopping,we do not consider what can happen in the month, year or two.

I have recently calculated based on 10 000$ price at the end of this year that only 50% increase in price every year bring us to 576 000$ in year 2027.If you ask me something like this is very easily possible,and can it be realized in that time period or we will need more/less time only time will tell.

100k$ before 2020 is also achievable,we are 3000$+ up in last ten days

let say we have a billion people in this world that using Bitcoin.
while Bitcoin itself only producing around 21.000.000 max
(to be exact many people lost it around million or even more,which mean total supply will be less than that).
but if we're looking at our current progress and improvement do not you think it's questionable to see it for more than $50.000 ?
do your math,how much that we need to spend for every one transaction ?
for average fees and based on our current price we need to spend $10 for every transaction,
do you think people will use it in their platform for payment system ?
our current progress showed us how much it's worth,and if we're reaching that point while we do not have anything,
it will be a bubble and it's just matter of time when the bubble will burst

between 2 a 4 million BTC are lost 

And all the missing/lost wallets. The numbers get smaller and smaller!

And only 4 - 5 million BTC in the market as well.

There is 7.6Billion people on this planet. 21Million Bitcoins.

That is 0.00276315BTC Per Person. With that in mind. How much do you think BTC should/could be worth?

Just a thought!

I'm not even kidding guys. It has become clear that Bitcoin is entering the mass market now, though still just at the very start of it. While the 11x in the past 11 months has been astounding, this is just the beginning.

We will see 6 figures before 2020. Bitcoin user adoption is gonna grow from a couple dozen million now to hundreds of millions the next two years. Institutional investment in Bitcoin is gonna grow from basically non-existent now to a major new asset class for wall street in the next two years. $100k in two years might actually be a low prediction.