When will BTC reach $50,000? - page 4.

pinksheep

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Quote from: BitChick on June 08, 2014, 08:08:45 PM

Quote from: okthen on June 08, 2014, 04:47:25 PM

In three bubbles. So maybe by 2016.
Bubble spike though. I guess to stabilize there would take a year more.
Anyway, bitcoin does have a talent to surprise!

Those of us that have experienced a bubble or two understand this. Wink

I think we have to experience it first hand to grasp how crazy Bitcoin can be. The funny thing is that it will still surprise us.

Those of us who have never yet experienced a bubble are patiently waiting to see one. If we hit $10K, or even $5k, suddenly $50k, wouldn't seem that far away - just another 10 times rise.

pinksheep

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Quote from: fran2k on June 09, 2014, 05:18:46 AM

Quote from: spazzdla on June 03, 2014, 03:20:29 PM

Quote from: Crindon on June 03, 2014, 03:17:34 PM

When do you think BTC will reach $50,000?

If the Winklevoss twins are correct, BTC will reach $40,000 to $50,000 a piece. When do you think that will happen? I am still waiting on the ETFs for BTC to hit Wall Street. Then just about every single Joe Blow can invest in BTC through their 401(k). That would be interesting times.

Will any of you here become a millionaire if BTC hits $50,000 (of today's purchasing power)?

2017

Depends on what alt coins do, as of now, no. I would be quite happy and quite wealthy though.

Certainly. Next block reward halve. 2017.

Isn't next block reward halve August 2016? Anyway, would that not be priced in long before that?

fran2k

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Quote from: spazzdla on June 03, 2014, 03:20:29 PM

Quote from: Crindon on June 03, 2014, 03:17:34 PM

When do you think BTC will reach $50,000?

If the Winklevoss twins are correct, BTC will reach $40,000 to $50,000 a piece. When do you think that will happen? I am still waiting on the ETFs for BTC to hit Wall Street. Then just about every single Joe Blow can invest in BTC through their 401(k). That would be interesting times.

Will any of you here become a millionaire if BTC hits $50,000 (of today's purchasing power)?

2017

Depends on what alt coins do, as of now, no. I would be quite happy and quite wealthy though.

Certainly. Next block reward halve. 2017.

Justin00

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can someone tell me in pm when it will reach 50k, defeats the purpose if everyone knows..
come on.. someone.. be a pal!!

williamevanl

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Quote from: AD_Infinitum on June 08, 2014, 08:43:06 PM

Does anyone realistically think that Bitcoin will ever reach $50k? Don't get me wrong, I'd be more than happy if it reach even 1 zillion but...

I find it interesting that nobody seems to understand that it's somewhat completely arbitrary what the value of each Bitcoin might be. It's like asking questions like: Do you really think people will even spend a trillion dollars on website names (in total). Do you really think a single website could be worth a billion dollars?! etc..

Bitcoin is has been around $1000 with almost zero adoption (.3%). I think this all has to do with people thinking in terms of 'a single bitcoin' but honestly like stock splits one day we will probably talk about millibits or Satoshis. Do you ever think a Satoshi will be worth 10 cents!? (That would make a bitcoin worth $10,000,000)

When Bitcoin hits 10,000 we will probably opt to start referring to things in millibits on exchanges and forums and questions like this will seem silly. If it takes over several markets and is ever used as a store of value like Gold, then yes 50,000 doesn't even seem strange. Without all of the splits microsoft has had, how much would a single stock be worth? (looks like $8,000 now, and $17,740 at its highest) It's the splits that confuse people , back then talking about a single share ever reaching $17,740 would have seemed silly.

AD_Infinitum

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Does anyone realistically think that Bitcoin will ever reach $50k? Don't get me wrong, I'd be more than happy if it reach even 1 zillion but...

master-P

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I think bitcoin is more likely to become obsolete than to ever reach $50,000. Maybe $10,000 in a few years if it goes mainstream, but I'dIimagine by that time there will be more serious competition for Bitcoin in the crypto world.

BitChick

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Quote from: okthen on June 08, 2014, 04:47:25 PM

In three bubbles. So maybe by 2016.
Bubble spike though. I guess to stabilize there would take a year more.
Anyway, bitcoin does have a talent to surprise!

Those of us that have experienced a bubble or two understand this. Wink

I think we have to experience it first hand to grasp how crazy Bitcoin can be. The funny thing is that it will still surprise us.

okthen

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In three bubbles. So maybe by 2016.
Bubble spike though. I guess to stabilize there would take a year more.
Anyway, bitcoin does have a talent to surprise!

boumalo

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When there is a thread when will Bitcoin reach x USD you have the members answer never, those answering within a few months or a very specific date but I don't see many arguments

I think the price will reach 50,000$ when the FED will make it clear to the market that it is going to print like there is no tomorrow to make everyone whole in depreciating dollar

bomberos

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apple market cap 556 billion, bitcoin equals roughly $42,000 at parity

just to put in perspective how small bitcoin still really is. when will it hit those marks I have no clue

DolanDuck

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The chart isn't linear but logarithmic, by the way I think it won't reach 50000 next year (but I would be happy), 10000 is a possible value during a peak.

SirChiko

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In 2-3 years tops Wink

painlord2k

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The current trend is pointing to 6.6K $ by 1 june 2015 (minimum).
The actual exchange rate could be severely influenced by the real inflation rate of the USD.
Currently, the inflation rate is around 5% greater for bitcoin than for the USD (official data from the Federal reserve).
the exchange rate is increasing driven by adoption.

If the inflation rate of the USD is greater than the official data, the minimum trend could greatly underestimate the future price.
If the inflation rate, now, it is at par with the inflation rate of the Bitcoin (as some data suggest), the exchange rate could go up a lot. And a lot faster.
It just need few drops of fiat from the printing presses of the Fed. to find their way to an exchange or to a large miner.

As August July 2016 approach, the next halving of the reward will push the exchange rate a lot higher, because it will push the inflation of bitcoin in the >5% yoy. A place no central bank would like to stay for longer than a few weeks or months (if the government have 80-100% debt/GDP)..

jonald_fyookball

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Quote from: RandomPedestrianN9 on June 08, 2014, 11:16:41 AM

Quote from: jeffersonairplane on June 08, 2014, 11:10:11 AM

There is no way it will reach 50k by next year. There are more chances of it crashing more than anything.

You are a troll, a terrorist, a rapist, a conspiration theorist, freedom hater, pedophile, a noob, poor idiot and naysayer. pls ban him for speaking against Bitcoin.

Yeah but is he wrong? Is it going t reach 50k by next year? Let's get to $1000 first.

RandomPedestrianN9

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Quote from: jeffersonairplane on June 08, 2014, 11:10:11 AM

There is no way it will reach 50k by next year. There are more chances of it crashing more than anything.

You are a troll, a terrorist, a rapist, a conspiration theorist, freedom hater, pedophile, a noob, poor idiot and naysayer. pls ban him for speaking against Bitcoin.

jeffersonairplane

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www.bitkong.com

There is no way it will reach 50k by next year. There are more chances of it crashing more than anything.

findftp

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Delusional crypto obsessionist

Quote from: gondel on June 08, 2014, 09:53:55 AM

Hi,
This table looks too optimistic.. It is not very right. The size of the cells which are 30$ and 1 $ is the same as the cells wich represent 1000$ and 10000$.
BR

That's called a logarithmic scale, look it up.

gondel

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Quote from: oda.krell on June 03, 2014, 03:50:29 PM

Quote from: Raystonn on June 03, 2014, 03:42:18 PM

Quote from: Raystonn on June 02, 2014, 02:53:35 PM

The red line is the Excel trendline computed using only data from the past up to that point in time. If the chart had been made on that date, the trendline would have crossed at that point. Look what happens every time the price crosses that line. The trendline is at $752 now. We're almost there. Interesting times ahead. Also note the red line might make a good stop loss for those not holding.

2016.

Hehe, or much earlier. Or much later. Depends on where price heads in the coming month or two...

I mean, that's the take home message from the running calculation of the regression you graph in red, no?

In August 2011, it briefly looked as if 50k would be reached before the end of 2012. A few months of bear market later, and the updated regression would have predicted that kind of price to be years away in the future.

Hi,
This table looks too optimistic.. It is not very right. The size of the cells which are 30$ and 1 $ is the same as the cells wich represent 1000$ and 10000$.
BR

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: Jamie_Boulder on June 08, 2014, 09:09:14 AM

Quote from: jonald_fyookball on June 06, 2014, 08:39:23 AM

Quote from: Jamie_Boulder on June 06, 2014, 08:38:08 AM

As much as it is possible it's very unlikely, BTC will most likely replace medium of exchanges such as Paypal/Paypak/International transfers/credit cards but that industry as a whole is worth about 150bn a year and that's if BTC replaces it 100% which I'm sure it won't.

Real money & national currencies will still be the prime and this is what will stop BTC from reaching the 50k mark.

What about store of value like gold. That is trillion dollar industry.

Golds a physical store of value that's been around forever and proven itself as a rarity, computers & technology on the other hand are compromised everyday or even more commonly they simply just break. People know this and would never allow it to take over the modern day monetary system however online payment solutions & international transfers is an open market and bitcoins market share grows by the day.

True that bitcoins can be stolen, but so can physical gold. And physical gold is much more expensive to secure, store, and transfer. So I would have to disagree with you.

Topic: When will BTC reach $50,000? - page 4. (Read 9513 times)