if it turns out as predicted, $50000 by march 2017 would be plausible.
That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.
Theories and fractals and friends are all well and good but don't play along with the real world.
What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash
it will happen.
huge rallies cause the price to overshoot and then a large correction happens, but it will always end up being higher in the end.
what you fail to understand is that bitcoin is LIMITED and therefore the only thing that
actually is
impossible is for the price to stay this low.
assuming bitcoin will be adopted by more users it means the price will have to go up. And not by just $50 either.
More like by 100x at least.
Even $700~$800 is way too low.
Next rally will go to ~$3000 at least, but more likely $5000
If there is one after that (most likely in 2017) expect to see 5 digits (40~50k)
it's inevitable.
Imagine 30 million people (and 30 million people is not a lot on over 7 billion people worthwide) all want to buy 1 bitcoin for $500. We won't have enough bitcoin. So they will have to bid higher and higher. The 'poorer' people will have to live with less than 1 bitcoin.
I can not stress this enough:
the average amount of bitcoin people will have is less than 0.003 bitcoinso therefore, 1 bitcoin has to be an INSANE amount of money. and $50k is just the start. f you think otherwise, basically you're saying bitcoin will never be used by more than ~10 million people. And that's an even more insane prediction than the ones i am making.
Just because you lack logic and mathematical skills doesn't make me delusional. I base my predication on math and logic, you base your predictions on what your 'feelings' tell you is 'right'
if it turns out as predicted, $50000 by march 2017 would be plausible.
That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.
Theories and fractals and friends are all well and good but don't play along with the real world.
What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash
i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.
less than 1 month is all it took to go from ~$230 to ~$1200
yes it crashed back to $900 or so, but still, you guys seem to forgot this ever happened and seem to claim it's impossible.
well guess what, the impossible already happened 3 times and it's about to happen again.
also, red the red part.
