Topic: when will bitcoin prove its true prosperity and take on full beast mode? (Read 576 times)
October 08, 2017, 09:08:02 AM
It seems bitcoin is already the most powerful on the planet. He made a lot of people rich and continues to give all investors hope for a rich future. I admire him.
October 07, 2017, 02:25:04 PM
millennial's are the biggest investors and supporters obviously, but bitcoin has to reach a level of financial prosperity to somewhat the fullest eventually...will it make our kids rich? Grandkids? Great Grand Kids? Aliens or Martians to that far extent?
You mustn't fear the stagnancy of Bitcoin prices currently. It is good for it to stabilize around some strong value like $4200-4300. This will serve as strong base for coming rallies in future.
Don't expect it to rise unstoppable. If so happens then Bitcoin will become very prone investment.
It is better to move solid then flying in bubble!!
October 07, 2017, 01:10:52 PM
It has already gone through beast mode. It was at $600 a year ago, so it basically multiplied its value by 7x in just a year. There have been massive growths before that, too. As for true prosperity, some are optimistic it could reach $100k. We'll all be able to retire then lol.
October 06, 2017, 09:53:59 PM
In order for Bitcoin to prove its prosperity and enter "beast mode" it doesn't need to make anyone rich. It needs to be developed to the point that's it is usable in any kind of situation, by a lot of people at the same time and in a user-friendly manner. Making people rich is secondary to the prosperity of Bitcoin. With the right path forward, the rest will come gradually and naturally.
Well said! The current trend of bitcoin and digital currency is in a slowly increasing trend. Most people get too excited thinking they'll be rich in no time with it. If more and more people are going to use it not just hodling it then it can more developed in ways we didnt expect. I do like OP's statement "Making people rich is secondary to the prosperity of Bitcoin. With the right path forward, the rest will come gradually and naturally." It really sums up everything.
October 06, 2017, 08:38:25 PM
Many have come up with logarithmic graphs and exponential values etc.
For me if Bitcoin follows this type of yearly doubling trajectory I'd be more than amazed and it would obviously make most current holders very rich.
2014: $125
2015: $250
2016: $500
2017: $1000
2018: $2000
2019: $4000
2020: $8000
2021: $16000
2022: $32000
2023: $64000
2024: $128000
2025: $256000
Considering the value is well into the 4000s already I'd say the current value is indeed already very high.
If its value doesn't reach into the upper 1000s ($8K or so) before 2021/22 I'd probably cash out if possible and forget about Bitcoin, but if the value increases anywhere near the likes of the above figures I'd definitely HODL for a long time. There have been very good indications recently that growth can continue. In the moment the waiting might seem endless but looking back Bitcoin has rocketed like mad in a short timeframe and increased percentage wise far quicker than my guessing figures indicate.
I'm definitely HODLing for now.
For me if Bitcoin follows this type of yearly doubling trajectory I'd be more than amazed and it would obviously make most current holders very rich.
2014: $125
2015: $250
2016: $500
2017: $1000
2018: $2000
2019: $4000
2020: $8000
2021: $16000
2022: $32000
2023: $64000
2024: $128000
2025: $256000
Considering the value is well into the 4000s already I'd say the current value is indeed already very high.
If its value doesn't reach into the upper 1000s ($8K or so) before 2021/22 I'd probably cash out if possible and forget about Bitcoin, but if the value increases anywhere near the likes of the above figures I'd definitely HODL for a long time. There have been very good indications recently that growth can continue. In the moment the waiting might seem endless but looking back Bitcoin has rocketed like mad in a short timeframe and increased percentage wise far quicker than my guessing figures indicate.
I'm definitely HODLing for now.
October 06, 2017, 08:20:24 PM
Isn't a ride from $30 to above $1000 in less than one year, and from $1000 to above $4000 in less than year, wild enough for you?
Then maybe there will never be a beast mode, if your expectations are so high
Then maybe there will never be a beast mode, if your expectations are so high
Well at least in my opinion this is not going to be even near the highest level bitcoin can achieve. We haven't even seen major integrations of bitcoin into the world banking system, nor is it even known in the majority of the earth's population.
We are nowhere near mass adoption yet. Once we achieve mass adoption you can only imagine how high the price would go.
October 06, 2017, 07:52:53 PM
Isn't a ride from $30 to above $1000 in less than one year, and from $1000 to above $4000 in less than year, wild enough for you?
Then maybe there will never be a beast mode, if your expectations are so high
Then maybe there will never be a beast mode, if your expectations are so high
October 06, 2017, 07:28:42 PM
I think Bitcoin will prove its true prosperity if one of the millionaires of Bitcoin today will become a billionaire, it will only mean, a lot have already became millionaires and bitcoin's value already cost a fortune, only time will tell, when will that happen, since if we take a look back, Bitcoin hodlers during 2009 who have a lot of bitcoins, might be millionaires in their own right by now, let us not just consider the us dollar here, they might be a millionaire in their country by now, since I have met people who are multimillionaires already in my country, if you converter Bitcoin to our Fiat. I think just having a good strategy will help you prosper with Bitcoin, just don't let others know, and remain humble, since Bitcoin is very volatile, you might be a millionaire now, but the price of Bitcoin can also go down.
September 27, 2017, 12:19:58 PM
As an user mentioned in his quote, it's nothing like a magical thing. It's an innovation that make an effective platform for the financial administration without much flaws on a decentralized system. What it does is on the right track, no need of a beast mode and make unwanted issues.
Magical things and innovation having different relation like let suppose if you are thinking that innovation can be a magic then it's not true because innovation comes from different idea you cannot put directly ideas. September 27, 2017, 11:57:08 AM
In 1994/95, really smart folks were scoffing and laughing as this newish thing called the "Internet". Even though it had been around for a few years already, it was viewed as a geeky niche thing.
By 1999/2000, the entire world was exploding to integrate the Internet into every facet of every business and personal life. I was a computer/web programmer at the time, and the amount of work and money being thrown around was absolutely mind-boggling. It took over everything.
So I give it another 4 years for Bitcoin, give or take.
what a great scenarios I guess if people only understand how big can be the future of this asset maybe they wont wait till they see some peopleBy 1999/2000, the entire world was exploding to integrate the Internet into every facet of every business and personal life. I was a computer/web programmer at the time, and the amount of work and money being thrown around was absolutely mind-boggling. It took over everything.
So I give it another 4 years for Bitcoin, give or take.
become so rich just by holding bitcoin maybe they will start opening their minds that there's a lots of possibilities that those things will be repeated
again and they need to be an early holders.
September 27, 2017, 11:53:47 AM
In 1994/95, really smart folks were scoffing and laughing as this newish thing called the "Internet". Even though it had been around for a few years already (mostly in Universities), it was viewed as a geeky niche thing.
By 1999/2000, the entire world was exploding to integrate the Internet into every facet of every business and personal life. I was a computer/web programmer at the time, and the amount of work and money being thrown around was absolutely mind-boggling. It took over everything.
So I give it another 4 years for Bitcoin, give or take.
By 1999/2000, the entire world was exploding to integrate the Internet into every facet of every business and personal life. I was a computer/web programmer at the time, and the amount of work and money being thrown around was absolutely mind-boggling. It took over everything.
So I give it another 4 years for Bitcoin, give or take.
September 27, 2017, 11:43:20 AM
millennial's are the biggest investors and supporters obviously, but bitcoin has to reach a level of financial prosperity to somewhat the fullest eventually...will it make our kids rich? Grandkids? Great Grand Kids? Aliens or Martians to that far extent?
Personally, I don't think Bitcoin will ever become as huge as people here think it will be. I think it will become much bigger but I doubt it will be the case where even 1/10 of people use it. I also doubt that it will rise over 10x in a year, I think the rise will be a lot more gradual.If bitcoin always developing gradually and improve by the time it's possible. people back then think bitcoin is useless and just like a dust but see now, its price rallying like crazy.
One my biggest fear is that there's new technology to replace bitcoin while bitcoin become obsolete.
September 27, 2017, 09:04:54 AM
millennial's are the biggest investors and supporters obviously, but bitcoin has to reach a level of financial prosperity to somewhat the fullest eventually...will it make our kids rich? Grandkids? Great Grand Kids? Aliens or Martians to that far extent?
Personally, I don't think Bitcoin will ever become as huge as people here think it will be. I think it will become much bigger but I doubt it will be the case where even 1/10 of people use it. I also doubt that it will rise over 10x in a year, I think the rise will be a lot more gradual.If bitcoin always developing gradually and improve by the time it's possible. people back then think bitcoin is useless and just like a dust but see now, its price rallying like crazy.
One my biggest fear is that there's new technology to replace bitcoin while bitcoin become obsolete.
September 27, 2017, 07:07:27 AM
millennial's are the biggest investors and supporters obviously, but bitcoin has to reach a level of financial prosperity to somewhat the fullest eventually...will it make our kids rich? Grandkids? Great Grand Kids? Aliens or Martians to that far extent?
This can't happen in one day. We still to much way to take. The adoption should be increased and this will surely bring a positive effect on bitcoin. Probably around 5-10 years.
September 27, 2017, 06:54:16 AM
millennial's are the biggest investors and supporters obviously, but bitcoin has to reach a level of financial prosperity to somewhat the fullest eventually...will it make our kids rich? Grandkids? Great Grand Kids? Aliens or Martians to that far extent?
For sure it will make kids rich if they hold bitcoin long enough. It will also make your grandkids and great grand kids rich OP so long as they also hold some btc to convert at a later point of their life. I would not say the same for aliens since we still dont know if they exist or not and the same goes for martians. Only future can tell about the last two but for sure it will make one who holds it long enough rich. September 27, 2017, 05:07:45 AM
As an user mentioned in his quote, it's nothing like a magical thing. It's an innovation that make an effective platform for the financial administration without much flaws on a decentralized system. What it does is on the right track, no need of a beast mode and make unwanted issues.
September 27, 2017, 02:41:09 AM
since bitcoin is not magical it won't make you rich!
bitcoin is a currency but also an investment just like anything else. you can make profit and become "rich" only if you know what you are doing. otherwise you and your kids and grand kids will go bankrupt. just as we keep seeing people lose money even though bitcoin price has been rising!
bitcoin is a currency but also an investment just like anything else. you can make profit and become "rich" only if you know what you are doing. otherwise you and your kids and grand kids will go bankrupt. just as we keep seeing people lose money even though bitcoin price has been rising!
September 27, 2017, 12:01:29 AM
It can happen in many scenarios :
1. When governments embrace Bitcoin
2. If there's a financial meltdown
3. Failure of the economy of a large country
4. War
5. When people realize that the world financial order is a scam
1. When governments embrace Bitcoin
2. If there's a financial meltdown
3. Failure of the economy of a large country
4. War
5. When people realize that the world financial order is a scam
September 26, 2017, 11:46:07 PM
millennial's are the biggest investors and supporters obviously, but bitcoin has to reach a level of financial prosperity to somewhat the fullest eventually...will it make our kids rich? Grandkids? Great Grand Kids? Aliens or Martians to that far extent?
I don't get what you mean by this, are you implying that it would last that long? But the question you are asking is somewhat like "when will bitcoins truly be accepted" or something like that. Generally your title should compliment the body of your thread. But seems like it is quite different in my view.
September 26, 2017, 11:35:03 PM
millennial's are the biggest investors and supporters obviously, but bitcoin has to reach a level of financial prosperity to somewhat the fullest eventually...will it make our kids rich? Grandkids? Great Grand Kids? Aliens or Martians to that far extent?
Do you not considered the price today as good? For me its already so strong and it will just like a bonus if bticoin can go on "full beast mode" on the next couple of years. Eventually we will go there like $10,000 or more but can bitcoin be useful if we reach that price? Can we used it to do online and use bitcoin as mode of payment? Otherwise bitcoin will be just like any other investment.
In order for Bitcoin to prove its prosperity and enter "beast mode" it doesn't need to make anyone rich. It needs to be developed to the point that's it is usable in any kind of situation, by a lot of people at the same time and in a user-friendly manner. Making people rich is secondary to the prosperity of Bitcoin. With the right path forward, the rest will come gradually and naturally.
True. If bitcoin is not usable, then its hard for it to gain mass acceptance to push the price to what we are dreaming of. I think that time will come but we have to wait and its gonna be a slow and steady phase and we do not want artificial price that will crumble anytime.
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