Bitcoin Forum

Hello, I recently heard about bitcoin (11/29/13) and I did a little chart viewing on the past years.  It might be likely that new people coming into bitcoin might not witness such huge rises (compared to the older members here) (1,000-100,000+% etc).

Do you all believe it is just a matter of time before people in 2020 say, "Dang I wish I was in @2014 when I heard about that M.I.T student thing." (meaning price would be multiplied many times the current sub 450 by 2015-2020 ish)

or are new people (like me) too late to see any similar rises?
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[edit I forgot to add this part]:
I am just estimating, but I think that like 2 million wallets exist (from reading a few things etc).  Maybe 1-1.5 million people use or trade (or hold) btc.  There is currently a 6 billion market cap.  Also by youtube vid views, the amount of people on here (50k+), ebay bids on crypto miners and physical coins etc

it all seems that bitcoin is fairly popular (but not mainstream).  So it seems to me that me and people (like me) are either early or in the middle.

People like  you need to be patient...

you are not too late (still early).

lots of people predict the next rally to 5k-10k.

Yes. I believe it is a matter of 6 years.

Mark my words!

I think Bitcoin has only one 10,000% increase left in it. Based on past history, the declining prices my persist for a year or more.

Absolutely don't worry, it's still a very very early stage.

Don't be fooled by people telling you that investors getting in now are late because we have already seen gazillion percent rises.
Of course a currency that in the beginning was owned by a handful of people that could become "digital gold" or a new world currency is gonna have that kind of increases. but percent rises are not a criterion.

The true criterion should be the market cap. If we look at the market cap now and what it could be it's clear that bitcoin is in its infancy.

People on the streets, even if they might have heard about a thing called "bitcoin" they are still clueless about what it is and how to get it. We are still in a phase when it is considered a very high risk investment and even an evangelist like Andreas Antonopoulos is telling you NOT to put your life savings into bitcoin right now.

Put it this way.

Don't think that the market is going to reward you exponentially tomorrow, next week, or even next year. Time your market entry and exits like a demon or hodl and expect to be chopped about like crazy to the point of dismay.

But one day, I believe that Bitcoin will experience it's major upward thrust. Perhaps the one that it will go down in history as being most famous for. But if it happens, it aint happening anytime soon.

We are either in a Primary wave 4 correction right now, or perhaps on a yet grander scale, a Primary Wave 2. We may go down to $300, then we may go back up $800, or $1000, but then we may go back down to $300. We might be 18 months down the line from this point, and still not have taken out the previous ATH of Dec 2013. But if Bitcoin really is to prove itself as more than a blip in modern history, then the largest growth wave is surely yet to come.

I based my percentage increase on expected market cap if Bitcoin eventually becomes a reserve currency (like printed USD or gold).

As it is, Bitcoin can't replace VISA/mastercard in the near-term.

... the awareness bitcoin brought to us is spreading ... but eventually you can catch up some nice Pump-Dump, just keep your eyes open  ::)


in the meanwhile veterans ...  http://2.bp.blogspot.com/-Mob1Pn7i7vM/TV61Fx8SExI/AAAAAAAAAxQ/5iN7HTPiMVM/s72-c/crystal-ball11.jpg we going to see more coins cannibalism; pools cannibalism; exchanges cannibalism ...

http://cdn.iwastesomuchtime.com/1182012145583.jpg



everybody wants to hit the jackpot ...

yes, it is too late for that.

btw I had a customer who had traveled from USA to UK .. I tried to charge his card as debit card and the card was declined many times because connection failure (comms fails, txn xxxx) I thought to myself then : ah ha .. every data network has problems isn't it ? router/switch flapping, cables etc , latency etc ... p2p is so much cheap because anyone can replicate the database ...so when that f**k system going to change ?

Lots of people are usually way off in their predictions. I remember a thread from over a year ago asking about the price of btc at the end of 2013 and nearly all of the predictions were way too generous except for maybe one or two. While it's very possible that we'll see another rally before the year is over, there's no telling if we'll break the ATH or even see 4-figure btc this year.

I think further growth will be meteoric (given continual developments in services and infrastructure), but still slow, playing out over months and years.

Serious people got seriously burned with the $1000 bubble. Nearly everyone has learnt caution I think. (Until next time!)

My Clonecoin's current market cap is tree fiddy.  It could be trillions.  Interested?

You know what I mean troll  ;D

By the way shit altcoins are not gonna replace BTC, it just won't happen.
If you guys wanna see reasons for it i suggest you take a look at the Zetacoin juicy drama on twitter.

Sure, if Bitcoin becomes world's only currency, it will have the market cap of all world's currencies combined...  Wait... oh, you know what I mean :D

Re. altcoins:  Fiat world thinks Bitcoin's an altcoin.

true but ... together bites bitcoin ..

http://coinmarketcap.com/

@Notlambchop: what?

Anyway the "world's currency" (I didn't even say "only" lol) hypothesis is in my opinion not gonna happen for a long time if ever, i just mentioned it as a possibility. I think that for the relatively near future the "digital gold" scenario is more probable.

"Digital gold"?  You mean  http://en.wikipedia.org/wiki/Digital_gold_currency  ???

jesus christ

So...  Not "digital gold"?

"Gold 2.0", "the new standard as a store of value", call it whatever the hell you wanna call it.
The new store of value that has definitive advantages over gold.

OK.  But behave yourself.

http://s4.postimg.org/5mlpr6mv1/watchingyoupinkie.gif