BTC to 5000$ soon

[Nomad88]

I think he typed a 0 extra 

[markj113]

We have seen the surge in the gold's market cap lately. This is just the beginning, the first cracks in the current financial paradigm. The problem with gold is that it is physical and thus poses a psychological problem to mainstream investors when it becomes scarce due to extreme demand. The investors will see that they could physically only acquire a miserable and pathetic looking amount of gold (as it has become "too expensive") so they will run into silver. But silver too, has the same intrinsic problem.

So far, bitcoin's deception has lied in the fact that we are presented the idea that one bitcoin is divisible up to 8 decimal places which gives the false image of a bitcoin being a floating point number. In reality block rewards are represented by unsigned integers. Thus instead of 1 bitcoin one has 100 000 000 satoshis. To break the psychological barrier of 1 bitcoin costing too much we should just switch to satoshis. The latter will be plausible when BTC rises in value.

The market cap of gold is $7,252,708,420,909.
The market cap of bitcoin is $ 6,549,170,380 (0.082% of gold's).

I can say that gold is already psychologically too expensive for an average Joe on the street. Imagine when it grows 5x as it has done previously during financial collapses. Owning a gram of gold doesn't make you feel good about it, it feels sad as it is just a tiny speck. So, naturally, other stores of value will gain popularity. If bitcoin was only 1% of gold's market cap, it would already cost more than 5000$ per BTC. If 1 bitcoin costed 5k, then 1 satoshi would be 0.00005$. The world's least valuable currency Iranian Rial trades at 0.00004$ . So after 5k $ bitcoins it would be nothing new to this world to have satoshis for the main units to represent the value of your bitcoins. The world has already seen such a situation in Iran.

Daily recommended minimum amount of money for food per person is 10.72 $. With 5000$ BTC, a daily meal would then cost 214400 satoshis. Let's be honest, 200 000 is not that big of a number any more to be uncomfortable to use in daily basis. This is also the reason why poor countries could adopt bitcoin more easily. They are already used to making transactions of such order of magnitude in their currency units.

The whole point of gold is that it is a super condensed store of wealth that doesnt tarnish, rust corrode etc.

Why own and try and store 77kg of silver when 1kg gold does the same job.

I started off buying silver but now 99% in gold.

Holding a physical form of investment in your hand will be ressuring after an economic collapse after all those digital numbers on a screen become worthless.  Bitcoin will look like just another set of make believe digits on a screen.

[talks_cheep]

I'm staring to feel the same way as hyena, which is quite a departure for me! I used to think Bitcoin will never go beyond 600 ever but hyena has opened my eyes, now I can see!

[Hyena]

I'm staring to feel the same way as hyena, which is quite a departure for me! I used to think Bitcoin will never go beyond 600 ever but hyena has opened my eyes, now I can see!

 

I made you see the light.

not now too early, i still see a minimum or new bottom below 1k, for this year or at least before the next bubble with a spike above 1k but not that max to reach 5k

don't make the mistake that bitcoin will grow only because right now it's very small, i'm not pessimist but there is not only one outcome for bitcoin, there are two, and the other is not a good one

It would be too early under the assumption that the global financial system continues to exist the way it has existed before. However, this year it will all change and because of that, bitcoin has a chance to hit record highs.

[john2231]

I think this is impossible for this year and i think the maximum price for me is 600-700 usd dollars.. But Im still hoping that the price will rise in that value... I will retire in my job if it will happen..

[Mr.grin]

LOL, if you think it will happen in the near future, then you can only dream of. it will not happen in the near future mate. if it happens eating requires a little time and a long process 

[BellaBitBit]

This IS a speculation section so speculate away!  5000 could definitely happen as they become harder to mine and less of them.  There are so many possibilities to this !

[richardsNY]

This IS a speculation section so speculate away!  5000 could definitely happen as they become harder to mine and less of them.  There are so many possibilities to this !

Of course the price CAN reach $5000 in the future. It CAN also be worth $10,000 in the far future. Everything is possible with Bitcoin. The sky is the limit. But for now we must only focus on reaching $500 and staying above that price level. That's my main target now.

[Hyena]

This IS a speculation section so speculate away!  5000 could definitely happen as they become harder to mine and less of them.  There are so many possibilities to this !

Exactly, mr. bears here have forgotten that in 2016 BTC mining reward halves down to 12.5 BTC per block! If you're not exactly into 5k bitcoins then at least stop pretending and admit that 800$ bitcoins are soon part of the everyday reality.

[Dilla]

I definitely think we will see $5k btc eventually, but I think this next upcoming bubble will peak a little below that. Somewhere around $2500-$3500. No doubt I could be wrong and we see $10k plus, bitcoin has HUGE potential and those who don't realize these numbers are possible, just don't get it.

[Amph]

This IS a speculation section so speculate away!  5000 could definitely happen as they become harder to mine and less of them.  There are so many possibilities to this !

Exactly, mr. bears here have forgotten that in 2016 BTC mining reward halves down to 12.5 BTC per block! If you're not exactly into 5k bitcoins then at least stop pretending and admit that 800$ bitcoins are soon part of the everyday reality.

it seems that with a simple logic based on the last ath you can say , the last ath was like 12x higher 90--->1200

now we have 400--->5k again 12x higher or around that, if you look at the past it may seems right, but i usually don't

[Hyena]

This IS a speculation section so speculate away!  5000 could definitely happen as they become harder to mine and less of them.  There are so many possibilities to this !

Exactly, mr. bears here have forgotten that in 2016 BTC mining reward halves down to 12.5 BTC per block! If you're not exactly into 5k bitcoins then at least stop pretending and admit that 800$ bitcoins are soon part of the everyday reality.

it seems that with a simple logic based on the last ath you can say , the last ath was like 12x higher 90--->1200

now we have 400--->5k again 12x higher or around that, if you look at the past it may seems right, but i usually don't

We see 12x altcoin pumps all the time. In comparison to conventional assets bitcoin is like an altcoin. So 12x pump in BTC driven by the conventional investors would be chicken shit.

[virtualdn]

Not soon but it will. I love it when people say this is not possible

[Drekavac]

I never believed that this can go up to 1k, back to early days i watched those
bitcoins at 50$ and i thought this is best ever it going down now good bye..

[belmonty]

I think he typed a 0 extra 

When I read the title I thought it said $500, after I realized it said $5000 I had doubts about it happening soon. I think $500 is an imminent possibility, but I don't think $5000 is a realistic possibility until after the halving or much later. Bitcoin is full of surprises though and fast exponential rises are never out of question.

[mkc]

I also think it is unlikely that btc to reach 5k.
But again I have been wrong so many times, I don't even trust myself.
All I can say is compare to gold, bitcoin has a finite supply, slightly deflation, it will reason any price it want to.

[Amph]

This IS a speculation section so speculate away!  5000 could definitely happen as they become harder to mine and less of them.  There are so many possibilities to this !

Exactly, mr. bears here have forgotten that in 2016 BTC mining reward halves down to 12.5 BTC per block! If you're not exactly into 5k bitcoins then at least stop pretending and admit that 800$ bitcoins are soon part of the everyday reality.

it seems that with a simple logic based on the last ath you can say , the last ath was like 12x higher 90--->1200

now we have 400--->5k again 12x higher or around that, if you look at the past it may seems right, but i usually don't

We see 12x altcoin pumps all the time. In comparison to conventional assets bitcoin is like an altcoin. So 12x pump in BTC driven by the conventional investors would be chicken shit.

yeah litecoin was another 12x but eth not so much, was more like x5 at best, i'm not saying it can not happen but it is far-stretched

[Ewinsane]

I also think it is unlikely that btc to reach 5k.
But again I have been wrong so many times, I don't even trust myself.
All I can say is compare to gold, bitcoin has a finite supply, slightly deflation, it will reason any price it want to.

It is unlike for the bitcoin price to reach $5000 soon. I think it will not be in the next 5 years. In 10 years, the price will be higher than $5000.

[Hyena]

I also think it is unlikely that btc to reach 5k.
But again I have been wrong so many times, I don't even trust myself.
All I can say is compare to gold, bitcoin has a finite supply, slightly deflation, it will reason any price it want to.

It is unlike for the bitcoin price to reach $5000 soon. I think it will not be in the next 5 years. In 10 years, the price will be higher than $5000.

When will people realize that 12x jumps come out of nowhere and only after they have happened smartasses start saying "it happened because of this or that"?

But this year is special, it will be a year of an economic collapse comparable to 1929.


Is it really far fetched for bitcoin to rise 12x during such time? Come on, think of the price during the Cyprus crisis during the first half of 2013. Or better yet, remind yourself what happened in summer 2015 during the Greece banking crisis --- the price rose from 225$ to 310$ (a 40% increase just because of one country having problems). Now extrapolate it to the whole world and you'll get x100 of what happened in last July.

[Fabrizio89]

1500 for q4 would be reasonable if trend continues after the halving, you know the drill