57 bitcoin... will I have 6-figures in my bank acct by end of 2016?

[El Emperador]

If not fuck this shit, I'm out

At what price did you buy 57 BTC? If you got them below today's price, be patient, there is no rush!

[Dafar]

If not fuck this shit, I'm out

At what price did you buy 57 BTC? If you got them below today's price, be patient, there is no rush!

In various prices since 2013.... I actually lost 12 BTC but I managed to improve my cost avg throughout the bear market.

I spent $33,000 total.... so my cost avg is $580/btc... still in the red bro

[El Emperador]

If not fuck this shit, I'm out

At what price did you buy 57 BTC? If you got them below today's price, be patient, there is no rush!

In various prices since 2013.... I actually lost 12 BTC but I managed to improve my cost avg throughout the bear market.

I spent $33,000 total.... so my cost avg is $580/btc... still in the red bro

ah ok, you are not that much in the red! If you don't need money just hold them. IMO Bitcoin is digital money, money of the internet, it's new, never existed before and I think it can go viral, same way internet products go viral (youtube videos, soundcloud music, .... I am sure the price can reach $1000 dollars soon and crash again, so I would suggest you to place a market order between 900-1000$ if you don't want to miss the opportunity to sell your stash.

[btcxyzzz]

You need Bitcoin price to x4 in a year. This is unlikely to happen unless there is some big events happen in the crypto world. I'd say you might see six figures amount in your bank after selling your Bitcoin only in 2020 or 2025.

Big things already happened and are happening. Current market cap of Bitcoin is ridiculous, 4x in a year is pessimistic prognosis, I guess it will be 10x.

[The Arcitect]

Can you honestly say $2000 a coin by next year

If it hasn't reach $500 by end of this year than that possibility is not written in BTC destiny.

It's ridiculous people are still doubting on reaching $500. In my view it's already in that range. You always can not expect the exact levels 10% up or down is most common with a fluctuating prices. Get ready for $1000 levels in first quarter of 2016 itself.

Why is it so? If it has reached you can not say it is a fact it will reach. Has it yet? No. So there you have it at present.

[DeathAngel]

If not fuck this shit, I'm out

Possibly not by the end of 2016 but if you can HODL on until the halving 4 years after that then I think yes.

[panju1]

If not fuck this shit, I'm out

At what price did you buy 57 BTC? If you got them below today's price, be patient, there is no rush!

It doesn't matter what price he bought it at.
What matters is what his view is.
If he is bearish, he has to sell his coins.

[fravia]

i dont think that its actually possible the price would have to rocket really fast to the sky so its possible only if people would start buying it a lot and for that we need huge companies to start accepting bitcoins as the payment method

[Dafar]

[HostSurf]

I don't believe so but you shouldn't get out, as long as you are seeing progress in bitcoin, you should never abandon it.
Just wait a couple more years and you'll reach that amount.

[tn211]

Yeah I hope we will see that again in 2013. I wish I started to know about bitcoin in year 2010.
So that know I would have moe than 100 bitcoins now.

[Amph]

this is interesting, notice how we are lead to a more stabilization(the swings between the begin and the end are less massive) even if the price look bad, this is a good sign

so it seems that the price will increase a bit slower in the future

[uki]

If not fuck this shit, I'm out

First of all congratulations on nice stack. Secondly, if you had the patience to survive the last bear which was 18 month long, I would say don't worry if you won't be millionaire in 2016. As most probably you won't. 57 BTC is still too little to get you there, as rising to nearly $20k per coin would mean to grow 50 fold in market cap from where we are here. Impossible, unless every single person on Earth start using Bitcoin for their daily payments on January 1st, 2016.

[uki]

this fantastic table only confirms, what I have been talking about in this forum for quite a while. It is very easy to grow 100 fold in the very beginning, but it is way much harder to grow 100 times from where we are now. And that is what you more or less need to become a millionaire, with the holdings you have. Quite unlikely not only in 2016, but also till the following halving (around 2021).

[helloeverybody]

I wouldnt expect you to be a millionaire by 2016 with that many bitcoins, but with a stash like that i would be pretty happy and just hold. you should be looking long term not a few months into the future. maybe in 10 years or more. Sounds like you are just going to blow it all anyways though.

[richardsNY]

I do think it's possible for the price to reach a new ATH in 2016, but I'm not quite sure if the value of your 57 coins will be in the 6 figure range. It could be in 2017 as we then possibly may break through $2000. Then you have your 6 figure value.

[The Arcitect]

Can you honestly say $2000 a coin by next year

If it hasn't reach $500 by end of this year than that possibility is not written in BTC destiny.

$500 by end of this year is easy.

Are you certain about this presumption now? 

[chemy]

If not fuck this shit, I'm out

Go out!
We don't want people who criticise BTC , if you can sign from address holding 57 btc then we can believe that you are saying truth or else I believe it's all lie.

[The Sceptical Chymist]

So do you have 57 bitcoins?  That's quite a bit, and I'd hold on to them if you can. 

I'm a piker in the cryptocurrency space, a newbie and I don't own much btc but I'm working on it.  But as to your question...no?  Probably no.  But this is bitcoin where anything can happen, and for the good of all of us who are long, I hope so.

[Dafar]

If not fuck this shit, I'm out

Go out!
We don't want people who criticise BTC , if you can sign from address holding 57 btc then we can believe that you are saying truth or else I believe it's all lie.

Lol get the fuck out bitch boy... I used to have more than 57, I'm not gonna waste my time proving it to you. It's not even that much compared to others here