When will BTC reach $50,000? - page 5.

Jamie_Boulder

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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.

jonald_fyookball

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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.

Jamie_Boulder

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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.

KimNam

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Quote from: DolanDuck on June 06, 2014, 08:13:59 AM

I think we won't reach 10000$ this year, mainly because btc value is rising through bubbles and after a peak
(should be 3500-4500 the next one) there's always some months of calm.

hmm, maybe like that
because if we suddenly rise into $10K, it's too high. not good for long run prices of Bitcoin
$3K is good enough, hope strong buy support will ready to make BTC prices like that

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Quote from: piramida on June 06, 2014, 07:04:50 AM

Quote from: keithers on June 05, 2014, 11:51:26 PM

Quote from: Blazin604 on June 05, 2014, 11:03:15 PM

Im not sure it will reach that high...it could though..i see BTC being used for LARGE purchases in the future...house , car, ect....I see NXT being used for other things and smaller day to day transactions. BTC will be able to be traded on the NXT exchange as well I believe.

I envision LTC being the coin used for day to day purchases. The faster confirmation times are obviously a plus over BTC for quick little purchases

what exactly are you talking about? btc transactions are instant. nobody needs confirmations if you are paying for "quick little purchases", you can just assume it is valid. for larger purchases off-blockchain transactions would be widespread, where you first send bitcoins to the processor that the seller uses, and then instantly complete the purchase.

True but btc isn't good for tiny micropayments. I think there is room for an alt. maybe doge crazy as it sounds. Or reddcoin

DolanDuck

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Quote from: KimNam on June 06, 2014, 06:08:01 AM

Quote from: Crindon on June 05, 2014, 08:25:17 PM

Quote from: CoinDiver on June 04, 2014, 04:42:11 PM

2009: 0
2010: .1
2011: 1
2012: 10
2013: 100
2014: 1,000
2015: 10,000
2016: 100,000
2017: 1,000,000

I like those numbers.

Could you imagine? Owning 100 BTC means you will have $10 Million in 2016.

I feel it will get there so much sooner than 2025 or 2019 or anything like that.

By 2015 or so when people start to wake up and smell the coffee, the price will skyrocket like no tomorrow.

nice, i love this number too
if this summer we hit $1000, i'm sure we can see $10K in the end of year
keep promote BTC and bring many people to use and aware about bitcoin

I think we won't reach 10000$ this year, mainly because btc value is rising through bubbles and after a peak
(should be 3500-4500 the next one) there's always some months of calm.

piramida

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Borsche

Quote from: keithers on June 05, 2014, 11:51:26 PM

Quote from: Blazin604 on June 05, 2014, 11:03:15 PM

Im not sure it will reach that high...it could though..i see BTC being used for LARGE purchases in the future...house , car, ect....I see NXT being used for other things and smaller day to day transactions. BTC will be able to be traded on the NXT exchange as well I believe.

I envision LTC being the coin used for day to day purchases. The faster confirmation times are obviously a plus over BTC for quick little purchases

what exactly are you talking about? btc transactions are instant. nobody needs confirmations if you are paying for "quick little purchases", you can just assume it is valid. for larger purchases off-blockchain transactions would be widespread, where you first send bitcoins to the processor that the seller uses, and then instantly complete the purchase.

KimNam

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Quote from: Crindon on June 05, 2014, 08:25:17 PM

Quote from: CoinDiver on June 04, 2014, 04:42:11 PM

2009: 0
2010: .1
2011: 1
2012: 10
2013: 100
2014: 1,000
2015: 10,000
2016: 100,000
2017: 1,000,000

I like those numbers.

Could you imagine? Owning 100 BTC means you will have $10 Million in 2016.

I feel it will get there so much sooner than 2025 or 2019 or anything like that.

By 2015 or so when people start to wake up and smell the coffee, the price will skyrocket like no tomorrow.

nice, i love this number too
if this summer we hit $1000, i'm sure we can see $10K in the end of year
keep promote BTC and bring many people to use and aware about bitcoin

T.Stuart

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One Token to Move Anything Anywhere

Quote from: Dafar on June 03, 2014, 11:29:59 PM

I don't think $10K is happening anytime soon, maybe 2 yrs at best.

1.5 years will do it I think.

bitsmichel

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Quote from: BitCoinNutJob on June 06, 2014, 03:37:15 AM

Quote from: keithers on June 05, 2014, 09:38:16 PM

Don't get me wrong, I would do cartwheels if BTC hit $50,000, but I realistically don't think it will ever get that high.

why not though, what is stopping this? nobody thought we'd hit 1k so quick. Something like ebay/paypal could set the stage.

50.000$ is no problem, it will take some time though. The market needs to grow about 100%

BitCoinNutJob

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Quote from: keithers on June 05, 2014, 09:38:16 PM

Don't get me wrong, I would do cartwheels if BTC hit $50,000, but I realistically don't think it will ever get that high.

why not though, what is stopping this? nobody thought we'd hit 1k so quick. Something like ebay/paypal could set the stage.

keithers

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Quote from: Blazin604 on June 05, 2014, 11:03:15 PM

Im not sure it will reach that high...it could though..i see BTC being used for LARGE purchases in the future...house , car, ect....I see NXT being used for other things and smaller day to day transactions. BTC will be able to be traded on the NXT exchange as well I believe.

I envision LTC being the coin used for day to day purchases. The faster confirmation times are obviously a plus over BTC for quick little purchases

Blazin604

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Im not sure it will reach that high...it could though..i see BTC being used for LARGE purchases in the future...house , car, ect....I see NXT being used for other things and smaller day to day transactions. BTC will be able to be traded on the NXT exchange as well I believe.

keithers

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

Don't get me wrong, I would do cartwheels if BTC hit $50,000, but I realistically don't think it will ever get that high.

Crindon

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Quote from: CoinDiver on June 04, 2014, 04:42:11 PM

2009: 0
2010: .1
2011: 1
2012: 10
2013: 100
2014: 1,000
2015: 10,000
2016: 100,000
2017: 1,000,000

I like those numbers.

Could you imagine? Owning 100 BTC means you will have $10 Million in 2016.

I feel it will get there so much sooner than 2025 or 2019 or anything like that.

By 2015 or so when people start to wake up and smell the coffee, the price will skyrocket like no tomorrow.

CoinDiver

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March 10th 2016.

600watt

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yeah, this thread reminds me of march/april 2013 threads in this subforum Wink

pinksheep

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Quote from: CoinDiver on June 05, 2014, 09:27:06 AM

This forum is nearly useless with all the alt-coin spamming. It takes a real masochist to bother coming here now. Look at the trends.google.com graph for bitcoin. This latest uptick is right inline with both the current price, and historical trend. That should fairly accurately tell you when well SETTLE to 50k. We'll see it in a bubble before that.

Maybe you would tell us when it will SETTLE at 50K

And when you expect a bubble & how high that bubble will go?

bitsmichel

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Quote

On the other hand the price of the internet related firms was not the same like the real adoption. Remember that dotcom bubble. It is highly possible, that there will be a big hype about Bitcoin and it could be worth a million USD - for a very short time.

I was very very young during the dotcom bubble, I dont remember it

Quote

So, but we need to get to the 5% adoption rate. This was around the early 2000. So let's say in 5 years every 20th transaction in the world is with Bitcoin with 50% reserve.

I agree with you, adoption rate would be a better indicator.

CoinDiver

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This forum is nearly useless with all the alt-coin spamming. It takes a real masochist to bother coming here now. Look at the trends.google.com graph for bitcoin. This latest uptick is right inline with both the current price, and historical trend. That should fairly accurately tell you when well SETTLE to 50k. We'll see it in a bubble before that.

Topic: When will BTC reach $50,000? - page 5. (Read 9519 times)