When will BTC reach $50,000? | Bitcointalksearch.org

Skele

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Quote from: CoinDiver on June 11, 2014, 08:15:16 AM

There is an estimated 21-32 Trillion (with a T) in "offshore" bank accounts. (http://www.taxjustice.net/cms/upload/pdf/Price_of_Offshore_Revisited_120722.pdf)

How about 1m/bitcoin?

That sounds interesting Grin

but if that happens by 2107 Huh

I really expect scientists finds a way for inmortality or years of life-increasing before that happens...

Quote from: RandomPedestrianN9 on June 11, 2014, 08:49:50 AM

So many experts, so many praises, so many TA charts confirming rise TO DA MOON! Yet im right and you are all wrong.....

Hope you have a very low IQ or you were drunk, drugged, stoned when you wrote those terrifying words...

fran2k

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When a gold ounce hits something in between 20-30k USD.

Maybe in the block halve to 6,25 in 2019.

boumalo

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Quote from: CoinDiver on June 11, 2014, 12:37:44 PM

Quote from: Tatsumigaoka on June 11, 2014, 08:16:42 AM

Sometimes I think that a lot bitcoiners hope for the "end of the world" just so that BTC will rise...

I think you mistake our intentions. We "know" (right or wrong is yet to be seen) that the entire financial paradigm worldwide is doomed. DOOOOOOMED! (https://www.youtube.com/watch?v=0A5XOIMs6D0)

Some of us are in bitcoin simply to come out the other side of the crash in much better shape than everyone else. Some of those people feel the world will be better off after the crash. I don't pretend to know enough to predict how it will come out, or if it will occur. I am betting that it will all come down, and that I'll be better off for having been in bitcoin at the right time. I'm also betting that if it doesn't all come down, I'll still be better off for having been in btc.

The crash has to happen because the excess and abuse of the past have not been cleaned but it will get way worse before it gets better and we can rebuild with a lower government and more freedom

CoinDiver

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Quote from: Tatsumigaoka on June 11, 2014, 08:16:42 AM

Sometimes I think that a lot bitcoiners hope for the "end of the world" just so that BTC will rise...

I think you mistake our intentions. We "know" (right or wrong is yet to be seen) that the entire financial paradigm worldwide is doomed. DOOOOOOMED! (https://www.youtube.com/watch?v=0A5XOIMs6D0)

Some of us are in bitcoin simply to come out the other side of the crash in much better shape than everyone else. Some of those people feel the world will be better off after the crash. I don't pretend to know enough to predict how it will come out, or if it will occur. I am betting that it will all come down, and that I'll be better off for having been in bitcoin at the right time. I'm also betting that if it doesn't all come down, I'll still be better off for having been in btc.

boumalo

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Quote from: ThatDGuy on June 11, 2014, 09:51:32 AM

Quote from: 600watt on June 11, 2014, 08:48:52 AM

Quote from: Tatsumigaoka on June 11, 2014, 08:16:42 AM

Quote

I don't think we need that much to reach a few thousands dollars, just a loss of confidence in the future value of the USD, a financial crisis, higher rates of adoption or a bubble

Sometimes I think that a lot bitcoiners hope for the "end of the world" just so that BTC will rise...

well, the idea of bitcoin was born in the midst of the 2008 financial crisis and its very concept is in opposition to the current financial system. the more problems the financial system produces, the more precious btc as a concept and as a unit will be. that may lead you to your conclusion, and it is designed to be that way.

Such simple truth here, but it definitely underlies a lot going on in the BTC space.

Also important to keep in mind which financial system is becoming more robust each day, and which one is remaining stagnant and weaker.

The same practices and the same people are in place, debts are getting bigger and bigger in the states and various european countries

ThatDGuy

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Quote from: 600watt on June 11, 2014, 08:48:52 AM

Quote from: Tatsumigaoka on June 11, 2014, 08:16:42 AM

Quote

I don't think we need that much to reach a few thousands dollars, just a loss of confidence in the future value of the USD, a financial crisis, higher rates of adoption or a bubble

Sometimes I think that a lot bitcoiners hope for the "end of the world" just so that BTC will rise...

well, the idea of bitcoin was born in the midst of the 2008 financial crisis and its very concept is in opposition to the current financial system. the more problems the financial system produces, the more precious btc as a concept and as a unit will be. that may lead you to your conclusion, and it is designed to be that way.

Such simple truth here, but it definitely underlies a lot going on in the BTC space.

Also important to keep in mind which financial system is becoming more robust each day, and which one is remaining stagnant and weaker.

bananaControl

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Decentralize All The Things!

Quote from: RandomPedestrianN9 on June 11, 2014, 08:49:50 AM

So many experts, so many praises, so many TA charts confirming rise TO DA MOON! Yet im right and you are all wrong.....

Now, if you actually came with valid criticism and cared to answer when being challenged, then maybe you would be seen as more than a trolling dickhead. The least you could do to to get just a tiny bit of credibility is to show us that you actually put your money where your mouth is.

600watt

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+ 11517.98 % in the last 24 months. yeah, you must be right... Roll Eyes

RandomPedestrianN9

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So many experts, so many praises, so many TA charts confirming rise TO DA MOON! Yet im right and you are all wrong.....

600watt

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Quote from: Tatsumigaoka on June 11, 2014, 08:16:42 AM

Quote

I don't think we need that much to reach a few thousands dollars, just a loss of confidence in the future value of the USD, a financial crisis, higher rates of adoption or a bubble

Sometimes I think that a lot bitcoiners hope for the "end of the world" just so that BTC will rise...

well, the idea of bitcoin was born in the midst of the 2008 financial crisis and its very concept is in opposition to the current financial system. the more problems the financial system produces, the more precious btc as a concept and as a unit will be. that may lead you to your conclusion, and it is designed to be that way.

Tatsumigaoka

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Quote

I don't think we need that much to reach a few thousands dollars, just a loss of confidence in the future value of the USD, a financial crisis, higher rates of adoption or a bubble

Sometimes I think that a lot bitcoiners hope for the "end of the world" just so that BTC will rise...

CoinDiver

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There is an estimated 21-32 Trillion (with a T) in "offshore" bank accounts. (http://www.taxjustice.net/cms/upload/pdf/Price_of_Offshore_Revisited_120722.pdf)

How about 1m/bitcoin?

Wekkel

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yes

Quote from: keithers on June 11, 2014, 01:07:07 AM

There will be so much government resistance when btc hits a few thousand per coin, let alone multiple thousands per coin. So many things would need to fall into place for us to get above probably 2k. The numbers we are talking here would be like literally replacing the currency of several first world countries

The government cannot stop this.... at all. A mere next bubble can take us there should we cross the chasm. I think it's still too early for that, but I generally lag Bitcoin's progress.

okthen

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Quote from: boumalo on June 11, 2014, 07:38:53 AM

Quote from: keithers on June 11, 2014, 01:07:07 AM

There will be so much government resistance when btc hits a few thousand per coin, let alone multiple thousands per coin. So many things would need to fall into place for us to get above probably 2k. The numbers we are talking here would be like literally replacing the currency of several first world countries

I don't think we need that much to reach a few thousands dollars, just a loss of confidence in the future value of the USD, a financial crisis, higher rates of adoption or a bubble

You're right.
Only one more bubble will take us there, and it can happen with mere speculation.

boumalo

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Quote from: keithers on June 11, 2014, 01:07:07 AM

There will be so much government resistance when btc hits a few thousand per coin, let alone multiple thousands per coin. So many things would need to fall into place for us to get above probably 2k. The numbers we are talking here would be like literally replacing the currency of several first world countries

I don't think we need that much to reach a few thousands dollars, just a loss of confidence in the future value of the USD, a financial crisis, higher rates of adoption or a bubble

keithers

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This is the land of wolves now & you're not a wolf

There will be so much government resistance when btc hits a few thousand per coin, let alone multiple thousands per coin. So many things would need to fall into place for us to get above probably 2k. The numbers we are talking here would be like literally replacing the currency of several first world countries

howardb

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Quote from: criptix on June 10, 2014, 05:02:14 PM

sorry to interupt, but while reading the thread title this came instantly in mind:

When will BTC reach 50,000$ again?

discuss Wink

The same day it equates to 1% of M3 money supply (currently 0.01%), 2-3 years IMHO.
See: https://bitcointalksearch.org/topic/if-bitcoin-became-the-world-reserve-currency-646186

criptix

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sorry to interupt, but while reading the thread title this came instantly in mind:

When will BTC reach 50,000$ again?

discuss Wink

howardb

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Quote from: DurbanPoison on June 09, 2014, 03:05:14 PM

If BTC hits 50k, what do you think the price of gold and silver would be at? How about gas or milk? I think we'd be living in some pretty fucked up times unfortunately.

Well if it happens in coming handful of years (as it probably will do) then the price of gold/silver will probably be pretty much as it is now relative to dollars, but compared to bitcoin they will have devalued hugely! Deflation is a strange concept to get your head around, things getting cheaper, the human brain is far more conditioned to price increases.

See https://bitcointalksearch.org/topic/if-bitcoin-became-the-world-reserve-currency-646186

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

I decided that 1 trillion is minimum.

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