The Avalanche | Bitcointalksearch.org

BitProdigy

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We Are The New Wealthy Elite, Gentlemen

Quote from: Beliathon on July 05, 2014, 10:57:37 PM

Educated guess: 1500 - 2k by end of 2014, 5 - 10k by end of 2015, impossible to even guess from there on out as the S-curve will go vertical

It is easy to see how fast it could happen. If the price leaps up to 1K or 2K a reverse bank run could start, all of the high rollers and investors and people who are just watching Bitcoin would start frantically buying in an attempt to get in before it gets so high that they may never be able to afford a whole bitcoin again in their lives. (or least at a reasonable price)

The last time this happened i think it was regular people all around the world buying, mortgaging their houses and dipping into their savings and such, this time when it happens, all of the high rollers will be involved, the investors buying 5 mill worth of BTC at a time. It could easily get to 10k buy 2015, but that vertical S-curve is what I'm excited about….

BitProdigy

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We Are The New Wealthy Elite, Gentlemen

Quote from: Remember remember the 5th of November on July 05, 2014, 10:45:06 PM

And yet the price remains...mostly unaffected, which is a surprise.

I think this has a lot to do with the amount of miners and the rate of mining at this moment in time as well. As the difficulty increases and the rate of bitcoin creation slows and the technology has a harder time keeping up, the price of Bitcoin will increase.

This is also a factor that cannot be ignored. I think right this very moment is the best opportunity to buy bitcoins that we will ever have for the rest of our lives...

Beliathon

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https://youtu.be/PZm8TTLR2NU

Educated guess: 1500 - 2k by end of 2014, 5 - 10k by end of 2015, impossible to even guess from there on out as the S-curve will go vertical

Remember remember the 5th of November

legendary

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Reverse engineer from time to time

And yet the price remains...mostly unaffected, which is a surprise.

BitProdigy

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We Are The New Wealthy Elite, Gentlemen

The next boom will occur when all of the companies we know and love start accepting Bitcoin. It has already started happening. Overstock was the first. 711 in all of Mexico was a large boulder. Dish Network was a surprise. And NewEgg seems to have jostled loose several precariously positioned internet based rocks that don't seem like they can hold their position for much longer. The mountain is trembling, soon they will all start falling, and then it will become a full blown avalanche.

I predicted at the beginning of 2014 that Bitcoin will touch the 5 digit mark before 2015. I may have been wrong about that, it's still tough to say, but what is sure is that the next leap forward will occur with the corporations and merchants every where accepting bitcoin. Not that people will be spending Bitcoin when this happens, it's still too early for that. But the option will become available across the board, and the groundwork will be laid for that future dream of full blown world wide universal bitcoin adoption.

I think maybe after the corps have started accepting bitcoin, the step after that will be the fall of the fiat moneys all around the world. But of course, all of this is pure speculation, and I might be insane. Wink

Topic: The Avalanche (Read 586 times)