Bitcoin Forum

Bitcoin to $50k before Xmas

Original analysis at: https://www.whaleclub.co/post/0A2Jf

https://i.imgur.com/6lbHUvj.png

Original analysis at: https://www.whaleclub.co/post/0A2Jf

I was just about to retweet that and I'm not the type to salt the possibilities of what a good bull market can push but this is going too far. If it is going that far I'd think that some serious time would have to lapse prior unless the entire world's markets fell apart and everyone raced to bitcoin in a hurry. It's possible but yeah, strong and outlandish prediction atm. If you're right on the other hand, I'll give you a coin just for being a prophet from outer space. You know where to find me.

What's up with these analysis recently? Has everyone lost their mind because of Greece?
How about we rather hope that the price is going to stabilize a bit above $300 before the end of the year. Bitcoin is not ready for a price of that magnitude.
The network would not be able to support the influx of users and the number of unconfirmed transactions would skyrocket quickly.

i know that many thing that greece crysis could be the killer app and the price will skyrocke tin few day like it was with willy bot, but those thing really need something greater than a tiny country facing its worst days

in the event that this will occur, 50k remain utterly unrealistic for any big random pump

bear market is never over. bears take a deep sleep from time to time.  ;) but they obviously wake up again. i really think there are less bullish people at this point, but as you say ; it's indeed not over.

These bull troll predictions are as bad as the bear troll predictions. I don't believe we are going to $50k by Xmas, and I don't believe we are going to $10 by next Xmas. Drawing some lines on a chart isn't going to make either thing happen. There are too many over optimistic predictions appearing since the Greek referendum.

There is two kind of predictions on Bitcoin , the unrealistic one and the one based on facts and events that's gonna happen . I will let you guess which one of them belong to this thread  ::)
So there is no way in hell Bitcoin is going to reach 50k on the next months . Maybe after two or three halving blocks yeah , now ? nop .

This.

Everybody needs to stop drawing random lines on charts and call them 'predictions'.

i will not say it will hit $50K before Xmas 2015 but i will happy if it hit the price of 1% (500$) , its a fair price IMO

$50k at least. All countries will adopt Bitcoin by Christmas. You heard it here.

I`m sure the OP forgot to put a point between four zeros. He wanted to say:  500.00 USD  :D

Hahah wow, well, then I will be a millionair. The question is, will a million be still worth a million then?

i dont think so...
FBI auction, mtgox...
the next year maybe

Those are nothing compared to the amount of volume that a fiat whale panicbuy period could make to the price. 50K is doable in a whale panic buy bubble, but I think it's unlikely. Most whales and most average joes are still too dumb to get on BTC and scared of it. We'll see tho, that would be the best xmas ever.

His username tell us he is a pumper. Dont mind adding in anddumper behind his name.

Yeah. OP is about to dump 0.02BTC on the market, watch out. #WhaleAlarm

I fully agree with kwuk

Most likely hes forgot to change the k for a zero, we just can't be so bullish with this type of statements, i would say that by Xmas we could se 500 usd has bitcoin growth is now maturing into more companies and people accepting the bitcoin way of life.

From the graph, I don't see it will hit $50k this Christmas. It could be the Christmas in 10 years.

Exactly. They are making random charts and calling them predictions. What value do predictions have if they are made by a random person?
Should someone without the proper degree even be making these kinds of predictions? I feel like they're a waste of time and are often wrong in this forum.

We've bounced off of $280, and he expects us to reach $50k in 6 months?  ::)

Based on the predictions in this speculation forum, we will be hitting $1200-1300 by end of July, $32,000 this fall, $50,000 by Christmas, $120,000 - $500,000 between the next block halving or by 2020. If this comes to even 25% fruition, we will have had an amazing bull run. I have my doubts, but hey, this is Bitcoin and anything can happen.

This prediction can indeed become true and it doesn't conflict with my prediction of 4000$ per BTC in 4 months. It only further validates my prediction.

I dont think its gonna happen. but lets hold, wait and see.

http://asset-0.soup.io/asset/11234/2130_073d.gif

I see absolutely no evidence of this being possible.  :-\

FTFY

Bitcoins is a currency which grow, for sure but this is fucking unrealistic man. It won;t grow like that until major events occur, often. And however much I'd like to root for it, you are just setting the expectation bar for people too high. I think the major fault all the btc fans are often depressed is yall have too much expectations with your money. Invest extra money on btc which you won't mind losing, don't lose your mind over it.

lol. You got me Hyena. I suppose it is also true that it is not impossible.  :D

It's not that unrealistic.

Ask yourself, in terms of non-price aspects, is Bitcoin 50x further along than it was 18 months ago when we were over $1000? I'd say it's about 10-20x further along. Back then there was practically nothing compared to the current level of venture capital, big banks on board, popular acknowledgement, etc. Think what would happen if the bearish sentiment receded and people suddenly started feeling FOMO? All this "good news" that happened during the fall suddenly has to get priced in. Then, there's still 6 months until the end of the year, so we could by 2-3x further along by then, amounting to ~50x further along compared with end of 2013, and as price rises to match we could peak near $50,000 in a wild bubble top.

My guess would be that this happens more toward next year after the halving, but this year is quite possible.

And like someone mentioned, after a wild bubble tops and bursts, we'll have a correction, and a much higher ceiling will be set. But when it's all set and done, it will all come down to when to sell at the top. You may think you are at the sweet spot, sell, then find out you sold right in the middle of the rise. You think "I now only have to wait for the correction". The price keeps going up, bursts, and the correction happens, but the correction is never lower than were you sold at, you keep waiting and waiting and the price start going up slowly again. You are now left outside of the game for future gains. Enjoy your dollars/euros while the rest keep riding the BTC train.

Not a chance, never, not a snowballs chance in hell before Christmas,  i want your drugs, your miles out mate 47000 max me things will be January before 50k.

This speculation is still quite conservative.. On the left, the spike was used to determine the startpoint of the trendline. If the spike was ignored and the avarage peak was taken, the line would end up MUCH higher!!  ::)

50k is unrealistic as we all know it. We can yes reach somewhere to 50 or 500 USD , but 50k. This is possible only when everyone has adopted bitcoins. But then hypothetically ,millions won't be worth the millions.

Anybody can draw a random line to justify any price. That is not a prediction.

OPs line is not random.

$50,000 before Christmas would be amazing. That would definitely make a lot of people happy. 50k is a lot though, I don't even know if that is possible, but that would be interesting nonetheless.

You can be sure it will make more people unhappy than happy. All those banksters, warren buffer's cock suckers and duck fuckers will be soooo butthurt.

That's why you use this: https://bitcointalk.org/index.php?topic=345065.0

In that case, we better gear up to sell BTC to Santa Claus

https://vivchavan.files.wordpress.com/2007/12/sam1612.jpg
https://www.deepdotweb.com/wp-content/uploads/2013/12/1EvQV.jpg

I prefer your other chart: https://www.tradingview.com/x/pOmNfT95/

i have no reason what i must say when i read this. what a prediction, i think is crazy now price get back to $600 like impossible

You cant draw a trendline on a log chart and expect to be taken seriously.  Im a permabull but please gtfo with your looney prediction

WTF again you with your log chart racism. Do you understand that log chart is the right thing to look at and instead the linear chart is where you cannot draw any lines because bitcoin doesn't grow linearly.

hope you're right bud

hello OP.

if your prediction will be right, please PM me on Xmas and I will send you those 50k USD or 1 BTC. until this happen, you can just enjoy my favorite shot of your favorite animal.

https://i.imgur.com/WWBQVwo.jpg

anyway, is cool to see some bullish posts here after flooding of "bitcoin is death, sell everything" threads:)

The growth may be exponential but it is certainly not predictable
so that you could draw a trendline for it.  People tried that last
year and were wrong about where the price is now.

But hey, you have your theory and I have mine.  Lets revisit this in December and see where the price is.
My prediction: $350.

i dont think it would reach such heights. i expect it to settle at somewhere around 300-350$ at the end of the year. it can only reach such heights after it has been adoped by the whole world. i think we have to wait for 10 year to see that advancement. but i really wish bitcoin to touch $50k mark.

TBH, I don't believe in trend lines anyway. I just think that log charts suit better for bitcoin because they show more information while linear charts only show us the last rally.

Log charts don't show more information, they show the same information differently.

They show a bias toward exponential growth (obviously) or lack of it.
Personally, I don't think that's a good way to look at data.  If there's
truly exponential growth, it will show on a standard price chart.

I do agree Bitcoin has massive potential for exponential growth.
I also think you (and the OP) are overoptimistic and unrealistic about how fast
that's going to happen.  But, hey i'd love to be proven wrong.

One thing's for sure.  It won't happen just because a chart
says so.  Things have to happen in real life.  The DEMAND
has to be there.  That's the key.  Demand is picking up
for Bitcoin, but slowly.

Fortunately it really doesn't work like that.

For example 1000$ was reached with likely less than a millions Bitcoin users

False, simply false. But I guess you're the kind of guy who would look at a pie chart of bitcoin price and also say that it doesn't show any less information than a log chart. They teach this stuff in the university, I believe in the data mining course, perhaps you should attend one and pay special attention to the part where they teach the pitfalls of data representation.

Exactly. If Bitcoin was adopted by let's say 1B people, a exchange rate of $50k+ per Bitcoin or higher would be realistic. We all know that the number of people who use Bitcoin is not that high and is not growing very quickly (as it could). However, things have been improving over time and there is a good chance of us reaching such a price in the future.
I wouldn't call the scenario that OP mentioned impossible, it is just rather highly improbable. Almost anything is possible.

A billion people doing ~2.7 transactions per second. That's actually not possible. I guess we can wave our hands chanting "sidechains" for the time being tho.  :-\

If your prediction happened, we'll sell our bitcoin
We will be rich in december later :D

But I am not sure Bitcoin hit $50K
In my prediction Bitcoin reach $500 before Xmas

I thought it says $50...

50k incresing in just 5 months lol dream dream

yeah it's not impossible because of the amount, it's impossible because of the time frame, all those predictions are much less realistic if they consider such a ridiculous time frame every time, it's true that big pump does happen at random, but something like is still beyond reality

just for amusement, OP when will we hit the following:


20k
10k
5k
2k
1k
$500

I fully agree. Especially as you didn't mention which Xmas.
In a couple of years, by Xmas, there's a huge chance for that to happen!

He probably lives in a logarythmic world ;) price jumps of 10x instead of doubling each time ;)

Yeah well I'd be all in for this scenario to happen, but let's not reach the 'euphoria' phase just yet! Otherwise the bulls will stumble and fall before we get to form a new ATH!

Christmas in a decade.

I want to make sure i always have at least 10-15 bitcoins for when this scenario happens, it wont take 10 years though, probably wont even take until 2020.

this would probably happen if the whole world is using bitcoin and the fiat system is collapsing :)

Well the fiat system is currently breaking down in Greece so the price if bitcoin could may as well reach crazy figures again...

Whilst I don't see this as an 'impossible' scenario the fact remains if this did happen bitcoin would need 180$ million a day in support just to keep at theses levels...... cue, massive loss of support and return to say 5000 levels

Not at all. If the whole world is using Bitcoin the marketcap would be on the trillions and a single coin would be anything from 500K to 1 million dollars.

To reach 50K a coin we only need a significant increase in real usage, and a significant increase in whales speculating to deliver a bubble-burst cycle.

Which will never happen. No investor with a SaneBrain would even consider investing in outdated unscaleable technology.

Bitcoin can have the value of 50k$ if all other coins will be shut down including few top fiat.

It's a lovely thought but realistically there's more chance of me sleeping with Megan Fox than the price of 1 BTC being 50,000 USD by Xmas 2015. Who on earth would predict something so unrealistic. I'm pro BTC & a long term hodler but we're not going to hit numbers like 50k for at least 5 years, 10 years if ever.

I think a more realistic price by Xmas 2015 is around 400-600 USD & to be honest I'd be really happy with that after a long demoralising bear run.

To the moon......eventually!

I wont say is a ludicrous number but comparing to the U.S national Debt which is 18 trillion dollars, i would say the bitcoin economy is a baby and we are waiting to be put into new shoes to take a walk the path of growth.  

outadated really? there is anything that match bitcoin in term of revoluzionary, at least for the time being

bitcoin can be what you want but certainly not outdated, the fact that the software is still in beta us nothing to do with it

the blockchain technology alone is worth much more than a mere 4B market cap

yes, the situation in greek is to be taken into notation. bitcoin value will rise as there economy is trying to adopt bitcoin as a local currency. but i dont think greek will be able to adopt bitcoin. so the bitcoin may reach crazy figure again but it will dive back as the plan backfires  :P

I don't think that Greece can afford bitcoins, they could hardly afford Euro. Infact the whole outrageous collapse happened because Greece couldn't handle a currency like Euro, I think they are still a bit immature to use crypto currency as their local currency. And I will also agree that bitcoin too is a bit young to get instantly adopted by a country, everybody has to develop around a little to hit that stage :D

That would be nice and very surprising (something big must happen) when btc will rise to 50k before Xmas.

I believe that this will happen before 2021, but this Xmas, mhh.
This is the wet dream of every btc holder.  ;D

I think many of us were completely shocked in 2013 when the price went from a low of $69 in the Summer to over $1200 in November.  Here we are with a price of around $270.   A price jump to between $4000 and $5000 would be similar to what happened then so is completely doable.

I do expect $50K to happen.  I do not think it is as unrealistic as some of you seem to think it is. Will it be this year though?  Maybe not but I have learned to never underestimate what Bitcoin can do.  ;D

It will happen in 6-10 years.

No you see... you are all wrong.

He said Xmas, and did not specify which year.

Therefore, he could be right.

LMAO, you have a point.

What was the point of bumping this thread? Was there any need or was it just for increasing post counts? Weird.

Sometimes is a good idea to look at past predictions. Personally I think we will see 5 figures, but not this Xmas. It may take at least 2 halvings, and then we'll see about that. It's perfectly possible that a x1000 buy rush happen. Most people are still so unaware of Bitcoin is just ridiculous. Once old moat drops it's weight we can see Bitcoin's tiny marketcap explode.

To depress us further?  ;)  I guess we can still hope.

IKR! I'm totally stumped as to why someone would do something like that.

https://i.imgur.com/NLS2j8g.png

Anywho... $50k in a couple months? Ehrm, no.

What a shitty analysis  ::) ::)

I bet it wouldn't even get closer to $12.5k!

I dont know why people still say bitcoin price will reach 10k,50k,100k without a reason. But if what you have said is coming true i will give you $100 worth in bitcoin

This will definitely not happen before Christmas.
I'm starting to think these threads are just being created for sig. campagins.

It's wrong analysis
i will be surprised if it reaches $2k by Xmas ;D

some of the people here clearly don't understand how markets work. i don't even think we'll see bitcoin go over $5000 in the very far future. let's first get the price stable above $300.

Lets get back to ATHs before xmas first, not much time for it to start moving now.  It would be very hard to reach $50k before xmas i feel like we'd need a massive collapse in the economy to make that move happen so soon.

Christmas is always a depressing time for me because it reminds me of how much bitcoin was worth at xmas 2013. I felt rich back then. Not so much now but I still hold out hope for the future.

Lol this prediction is absurd. Maybe when the US releases $10,000 dollar bills as a result of inflation.

It becomes a trusted store of value... bam..$50k per btc EASY.. EASY $50k.

When the USD starts to fall apart things will get interesting.. probably terrible for any America as the pigs now have unlimited power and answer to no one.. they will come for you.. if not on the govs orders on their own greed as they have guns and you do not.

It's always nice to make take a real chart , and add shit here and there using Paint .
Anyway let's be realistic nothing is going to happen not before Christmas and not after it because nothing will make supply less and nothing either will make the demand rise  , Bitcoin is just not ready to go mainsteam for the moment .

Even the santa claus will leave giving gifts and will be buying btc then...... ;D

Dont you think $50k is too much... For a instance i could have expected it $1k but not $50k

The reason is in 10 years the halving will shrink so much that we better are at about 5 figures a coin.
There are no intermediate scenarios. Either Bitcoin fails to scale and become mainstream, or it becomes mainstream and the price of a single coin can buy you a house. Period. None of this 1k per coins tops bullshit. 10k+ or death.

Second time I quote you today. ;D
And again I totally agree with you. Either Bitcoin takes off in future and one single coin will be worth 10k+ or this whole thing is going down and will fail.

I don't know how you intrepret that graph and coming to conclusion without concrete technical analysis and with firm indicator, but for sure it won't be going to 50k. Plus with all the uncertainties surrounding the coin, it's a big no. We'll be lucky if it even breach 300 and stay there.

This is not going to happen this Xmas but at next Christmas it is quite possible to go that higher what you predicted.There are so many prediction about Bitcoin and I thin they are not without reason.We will see that price sooner.

Don't think that, maybe we will see 300$ at the end of this year, 500-600$ the next year (or of course less).
We may see btc reach 1k$ or more when the majority of btc got mined and this will take a while

Wow that would be nice.
But if the prices were at around $5k at this time, then it would have been more realistic.

When? My Crystall balls said bitcoin never reach to 1k$
I believe bitcoin will up but not in that price maybe $500

https://www.tradingview.com/chart/BTCUSD/P8X2S1MW-Bitcoin-s-Future-Shape-13000-and-120k/ (https://www.tradingview.com/chart/BTCUSD/P8X2S1MW-Bitcoin-s-Future-Shape-13000-and-120k/)

like people say, when it goes to 10 USD ... that it will never be to 100 USD.
but, we are in 200 USD and not less.

the thing is ... trusted money (can not be false money) ... in electronic world, it's unbelieved now.

like the 100 USD when it goes to 10 USD max.





we will win (always).

I do agree with you.Whoever dumped Bitcoin at 31 $ and it went back to 1$ for a period of time.That didn't even imagine Bitcoin will be in few month over 100$ and then later on it saw even 1500$.This is world of possibilities and anything can happen.We all know Bitcoin will go higher in future but don't know exact when.If tomorrow tons of fiat money will be poured in Bitcoin it will reach even before Xmas to 50k$.

Thanks for your insight, fontas aka lamb's crotch. Please, go help a charity where you can actually do some good for mankind instead of making a mockery of yourself. Cool!

this seems too good to be true but deep inside me, i want it to happen :D
how i wish that will happen this christmas , if that's so , i'll treat my family and neighbors :D

Meanwhile, back in the real world:

http://bitcoincharts.com/charts/chart.png?width=939.6666660000001&m=bitstampUSD&SubmitButton=Draw&r=360&i=&c=1&s=2015-01-01&e=2015-09-18&Prev=&Next=&t=&b=&a1=SMA&m1=7&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=0&p=0&
Bitcoin for 2015. (7 day moving average to filter out noise)

$220-$290 all year.

Might be possible as the value of it keeps changing overtime and I noticed it is changing very fast that sometimes I cant keep tracked of it. It is we'll say $40 by now and the next day it will change and be $100 so it is really possible for it to reach $50k before xmas it be really amazing.

Greece is not thing of the past and all we can say about it is:

1.If greece was not in the eurozone and still was using drachma as their currency - crisis would be more beneficent to bitcoin.
2. Expecting that suddenly every greek would use or know about bitcoin just because theirs economy is crumbling is stupid.
3. Even if they turn to bitcoin, price of btc would not be pumped to the moon at all.

For now Bitcoin reaching $500 is a fantasy scenario and won't happen before 2016 for sure, and even then it will be hard to achieve.