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Title: $50K bitcoin valuation share your thought Post by: fxbit on October 29, 2017, 10:34:46 PM This is excerpt from CNBC interview with Ronnie Moas, founder and director of Standpoint Research
BTC He said he expects the price of bitcoin to jump to $50,000, possibly within a decade and the market value could cross a trillion dollars. "You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century. But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token. Title: Re: $50K bitcoin valuation share your thought Post by: StephenJH on October 29, 2017, 10:43:57 PM m/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html?recirc=taboolainternal]https://www.c[Suspicious link removed]m/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html?recirc=taboolainternal (https://www.c[Suspicious link removed) BTC He said he expects the price of bitcoin to jump to $50,000, possibly within a decade and the market value could cross a trillion dollars. "You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century. But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token. 50000$ is only possible after 3 years or later if mass adoption gonna to follow crypto uptrend. IMO price will stay in range of 5000-10000$ till end of first quarter of next year. Title: Re: $50K bitcoin valuation share your thought Post by: foxbat on October 29, 2017, 10:45:13 PM https://[Suspicious link removed]/KEa5ta BTC He said he expects the price of bitcoin to jump to $50,000, possibly within a decade and the market value could cross a trillion dollars. "You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century. But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token. the baseless words of the madmen, never believe in what he says. Do not believe in anyone, look at reality, the market is the only thing that will never lie to anyone. It will show us the value of bitcoin. Title: Re: $50K bitcoin valuation share your thought Post by: fxbit on October 29, 2017, 10:47:40 PM in just recent past 8 days BTC have increase in price almost $1000 that carry about $20 billion or around $2 billion per day
Title: Re: $50K bitcoin valuation share your thought Post by: piccionipier on October 29, 2017, 10:48:11 PM But still nobody knows how much will be bitcoin worth in just a few days.. how did they predicted that it is going to be more than $50k dollars in just a decade?
I dont know, but i dont think that the price will be high as that, i mean, it is a very huge increase and it is almost more than 9 times from atm's price. But obviously that i would love to see that price under that range, but i dont see it possible at all. Title: Re: $50K bitcoin valuation share your thought Post by: fxbit on October 29, 2017, 11:17:38 PM BTC is traded 24/7/365 non stop, adding $2 billion perday into the valuation, its not far fetch to think that $50K/BTC valuation is reasonable
Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 29, 2017, 11:19:59 PM https://[Suspicious link removed]/KEa5ta BTC He said he expects the price of bitcoin to jump to $50,000, possibly within a decade and the market value could cross a trillion dollars. "You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century. But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token. the baseless words of the madmen, never believe in what he says. Do not believe in anyone, look at reality, the market is the only thing that will never lie to anyone. It will show us the value of bitcoin. Title: Re: $50K bitcoin valuation share your thought Post by: figmentofmyass on October 29, 2017, 11:21:06 PM "You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century. But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token. i think most people who have been in the bitcoin scene for a couple years have come to this conclusion. he's right that the supply-demand equation is mind-boggling, which leads one to ask: how the hell does he come up with "$50,000 per token?" with the kind of demand he's referring to, we could be looking at six or even seven figures per BTC. but nobody really knows. it's impossible to predict future demand. for all we know (as unlikely as it might be), some altcoin might emerge and overtake BTC in global demand. or basic protocol flaws being exposed could make its value plummet. who knows? Title: Re: $50K bitcoin valuation share your thought Post by: Youghoor on October 29, 2017, 11:27:11 PM Yes a lot of people are saying that the price will be more than 50 thousand dollars in a few years, but i dont think that it is possible.. i only see bitcoin going upto ten thousand, maybe fifteen, or maybe a little bit more, but 50 thousands... isn't it a little bit unreal?
but obviously that everybody would like to see it happening, just imagine how much our portfolio would be worth it bitcoin goes upto 50k. But i am satisfied with seeing bitcoin still at $6200. Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 29, 2017, 11:27:29 PM "You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century. But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token. i think most people who have been in the bitcoin scene for a couple years have come to this conclusion. he's right that the supply-demand equation is mind-boggling, which leads one to ask: how the hell does he come up with "$50,000 per token?" with the kind of demand he's referring to, we could be looking at six or even seven figures per BTC. but nobody really knows. it's impossible to predict future demand. for all we know (as unlikely as it might be), some altcoin might emerge and overtake BTC in global demand. or basic protocol flaws being exposed could bring make its value plummet. who knows? Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 29, 2017, 11:29:04 PM Yes a lot of people are saying that the price will be more than 50 thousand dollars in a few years, but i dont think that it is possible.. i only see bitcoin going upto ten thousand, maybe fifteen, or maybe a little bit more, but 50 thousands... isn't it a little bit unreal? No it's not unreal at all. There are multiple realistic scenarios in which Bitcoin can grow to anywhere from 20k to 100k quite easily within 10 to 15 years. A mix of multiple use cases could propel it even higher, but nobody knows what will really happen.but obviously that everybody would like to see it happening, just imagine how much our portfolio would be worth it bitcoin goes upto 50k. But i am satisfied with seeing bitcoin still at $6200. Title: Re: $50K bitcoin valuation share your thought Post by: Pearls Before Swine on October 29, 2017, 11:43:32 PM 50000$ is only possible after 3 years or later if mass adoption gonna to follow crypto uptrend. IMO price will stay in range of 5000-10000$ till end of first quarter of next year. I'd say it's possible, but probably not within 3 years. More like this guy said, withina decade or so. And that's only if we're not currently in the end stage of a bubble. That is an ugly possibility that most of us aren't hoping for, but it could be the case. If you strongly feel that bitcoin is headed to $50k within a few years, it would make sense to go all-in, wouldn't it? But the reason I haven't, and the reason why I don't own a lot of bitcoin is because a big part of me doesn't think $50k is going to happen soon. I'd very much like to be wrong, but that's why I haven't sold the kids' toys and took out a loan against the house. Title: Re: $50K bitcoin valuation share your thought Post by: gentlemand on October 29, 2017, 11:45:40 PM People need to remember that the price is set by a microscopic number of coins available on a small number of exchanges. At any one time there'll probably only be a few tens of thousands of coins sat in order books. That being the case some genuinely stupid valuations could be reached with a relatively modest outlay.
And the higher the price gets the less enthusiastic sellers will become as long as they have no pressing needs. Demand is potentially not too far off infinite. Supply is painfully low. Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 29, 2017, 11:50:36 PM People need to remember that the price is set by a microscopic number of coins available on a small number of exchanges. At any one time there'll probably only be a few tens of thousands of coins sat in order books. That being the case some genuinely stupid valuations could be reached with a relatively modest outlay. This is a very important extra factor on top of the realistic scenarios that can elevate Bitcoin's value into the trillion dollar range. On top of speculation there are always tangible applications, such as processing payments, being the middleman between the fiat and altcoin world, possibly enabling trading of stocks against Bitcoin (and perhaps Ethereum) in the future, etc.And the higher the price gets the less enthusiastic sellers will become as long as they have no pressing needs. Demand is potentially not too far off infinite. Supply is painfully low. All these use cases alone could put Bitcoin towards a $1-10+ trillion valuation, without even taking the hysterical crypto community into account. Title: Re: $50K bitcoin valuation share your thought Post by: fxbit on October 29, 2017, 11:58:23 PM I cannot post the video link just google [CNBC interview with Ronnie Moas $50000 bitcoin] he laid out how he come up with this valuation, that I think pretty reasonable given that all money market closed during end of week that could bring that money into BTC market, 2 days end of week trading can potentially bring $ 4 billion into BTC market, and out of other money market
Title: Re: $50K bitcoin valuation share your thought Post by: gentlemand on October 30, 2017, 12:12:28 AM This is a very important extra factor on top of the realistic scenarios that can elevate Bitcoin's value into the trillion dollar range. Also let us not forget that soon enough 80% of all coins that'll ever exist will be mined. Then it's 120 or more years for the remaining 20%. All of those coins will have to prised out of an owner, not someone who has to get rid of them as fast as they mine them to pay their bills. That's an extra layer of friction for buyers. Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 30, 2017, 12:19:19 AM This is a very important extra factor on top of the realistic scenarios that can elevate Bitcoin's value into the trillion dollar range. Also let us not forget that soon enough 80% of all coins that'll ever exist will be mined. Then it's 120 or more years for the remaining 20%. All of those coins will have to prised out of an owner, not someone who has to get rid of them as fast as they mine them to pay their bills. That's an extra layer of friction for buyers. Title: Re: $50K bitcoin valuation share your thought Post by: Torque on October 30, 2017, 12:19:50 AM Keep your eye on Coinbase's account numbers (as a proxy metric for worldwide # users). Currently at 11.7M accounts.
When they hit 50M+ accounts, you'll have worldwide buy support for $50K/btc. I guesstimate we'll hit this in roughly 4-5 yrs (including a halving in 2020), in 3+ if we are really lucky with growth. Of course hashrate will need to follow suit with a roughly 8-10X increase from here. I'd also like to see the full node count grow considerably. Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 30, 2017, 12:22:04 AM Keep your eye on Coinbase's account numbers (as a proxy metric for worldwide # users). Currently at 11.7M accounts. Thanks for bringing attention to this, I haven't been using that metric yet for some reason.When they hit 50M+ accounts, you'll have worldwide buy support for $50K/btc. I guesstimate we'll hit this in roughly 4-5 yrs (including a halving in 2020), in 3+ if we are really lucky with growth. Title: Re: $50K bitcoin valuation share your thought Post by: jakezyrus on October 30, 2017, 12:25:20 AM m/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html?recirc=taboolainternal]https://www.c[Suspicious link removed]m/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html?recirc=taboolainternal (https://www.c[Suspicious link removed) BTC He said he expects the price of bitcoin to jump to $50,000, possibly within a decade and the market value could cross a trillion dollars. "You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century. But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token. 50000$ is only possible after 3 years or later if mass adoption gonna to follow crypto uptrend. IMO price will stay in range of 5000-10000$ till end of first quarter of next year. Title: Re: $50K bitcoin valuation share your thought Post by: amacar2 on October 30, 2017, 08:55:36 AM BTC is traded 24/7/365 non stop, adding $2 billion perday into the valuation, its not far fetch to think that $50K/BTC valuation is reasonable But you also have to remember that traders also pull out profit in between so its always not like money pouring into bitcoin, but $50k per bitcoin is quite reachable within next few years (in less than 10 years for sure). However bitcoin's future is still uncertain with lots of regulatory changes and bans surfacing up around the world. China have banned bitcoin exchange, what? nobody have thought they can do this... ;) Title: Re: $50K bitcoin valuation share your thought Post by: LuanX3 on October 30, 2017, 09:38:01 AM This is excerpt from CNBC interview with Ronnie Moas, founder and director of Standpoint Research BTC He said he expects the price of bitcoin to jump to $50,000, possibly within a decade and the market value could cross a trillion dollars. "You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century. But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token. I too believe this, it is totally possible to do, since prices are pretty much already going to that level. It's just needs to multiple by about ten times before it reaches $50,000. Remember that prices started with $800 by the start of the year, and prices have not stopped ever since that time. Imagine it would happen every year, even half of how much it raised from totally beat the $50,000 prediction by a century. Title: Re: $50K bitcoin valuation share your thought Post by: Welsh on October 30, 2017, 09:56:51 AM 50000$ is only possible after 3 years or later if mass adoption gonna to follow crypto uptrend. IMO price will stay in range of 5000-10000$ till end of first quarter of next year. I'm not sure where you pulled that number from, but Bitcoin could reach that sooner it only needs the publicity and a few big companies to start trading in Bitcoin. Steam when they started accepting it bumped the price up a little bit. Imagine big companies such as amazon or google accepting Bitcoin it would cause the price to rise to a undetermined amount. Title: Re: $50K bitcoin valuation share your thought Post by: 1Referee on October 30, 2017, 12:20:43 PM Imagine big companies such as amazon or google accepting Bitcoin it would cause the price to rise to a undetermined amount. This is what people were dreaming of back in 2013/2014, but now it's not much of an important matter anymore. Bitcoin doesn't need large merchants to hop on board to make its price shoot up hard - current levels are the perfect example of that. You also have to keep in mind that Bitcoin in its current form, isn't suitable for Amazon and Google to be used as payment form. For that to happen we need off-chain solutions (think about Lightning Network) to take care of insane number of transactions. And as long as these off-chain solutions aren't there, there is no way they will hop on board. We just have to remain realistic - if things aren't possible for now, then accept it at least and focus on something else. Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 30, 2017, 12:22:49 PM 50000$ is only possible after 3 years or later if mass adoption gonna to follow crypto uptrend. IMO price will stay in range of 5000-10000$ till end of first quarter of next year. I'm not sure where you pulled that number from, but Bitcoin could reach that sooner it only needs the publicity and a few big companies to start trading in Bitcoin. Steam when they started accepting it bumped the price up a little bit. Imagine big companies such as amazon or google accepting Bitcoin it would cause the price to rise to a undetermined amount. Title: Re: $50K bitcoin valuation share your thought Post by: afbitcoins on October 30, 2017, 12:33:38 PM 50K is quite conservative as a bullish target.
If you read between the lines in between calling bitcoin a fraud, and investing in it being 'stupid' Jamie Dimon predicted 100K I think. But which will be the real bitcoin if any by then? Title: Re: $50K bitcoin valuation share your thought Post by: cryptocrusher on October 30, 2017, 01:37:38 PM Really any articles like this are all just pure speculation and people plucking numbers out of thin air. No one really knows where the price will end up but at least some people use some sort of scientific methods or reasoning to justify the price they suggest.
Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 30, 2017, 01:38:45 PM 50K is quite conservative as a bullish target. If things continue as they have it should be Core. But who knows when the majority of miners won't end up shooting themselves in the foot out of greed...If you read between the lines in between calling bitcoin a fraud, and investing in it being 'stupid' Jamie Dimon predicted 100K I think. But which will be the real bitcoin if any by then? Title: Re: $50K bitcoin valuation share your thought Post by: diguyo on October 30, 2017, 02:46:15 PM Personally don't think it'll ever reach that level. It'll be succeeded by something else before that comes along - I don't expect bitcoin to be here in 10 years. Too many scaling issues for it to go mainstream.
Title: Re: $50K bitcoin valuation share your thought Post by: BTCMILLIONAIRE on October 30, 2017, 02:47:23 PM Personally don't think it'll ever reach that level. It'll be succeeded by something else before that comes along - I don't expect bitcoin to be here in 10 years. Too many scaling issues for it to go mainstream. Miners will scale very quickly if they see their income at danger. |