BTC to 5000$ soon

[bitlancr]

I do not see this happen in my eyes, I think the bitcoin can go to the amount of 5000 dollar but it will take years for sure.
With the halving alone it will not happen but maybe with other good events it will in the future.

[co5hike]

I do not see this happen in my eyes, I think the bitcoin can go to the amount of 5000 dollar but it will take years for sure.
With the halving alone it will not happen but maybe with other good events it will in the future.

$5k seems to be impossible at this stage, it has potential to reach there but to be honest we don't know when it will hit that high price.

[1Referee]

I do not see this happen in my eyes, I think the bitcoin can go to the amount of 5000 dollar but it will take years for sure.
With the halving alone it will not happen but maybe with other good events it will in the future.

$5k seems to be impossible at this stage, it has potential to reach there but to be honest we don't know when it will hit that high price.

At this stage it's impossible to see the price reach $5000 without Wall Street level traders. For that to happen we need billions of new money coming into Bitcoin. Without such traders it's nearly impossible or it will take 20 to 30 years if the price goes up by legit demand from normal users.

[talks_cheep]

I think hyena put one too many zero, it should've been:

BTC to 500$ soon.

Too much moronic optimism on too many members on the forum these days, let's be realistic, not cartoonish.

[pooya87]

I do not see this happen in my eyes, I think the bitcoin can go to the amount of 5000 dollar but it will take years for sure.
With the halving alone it will not happen but maybe with other good events it will in the future.

$5k seems to be impossible at this stage, it has potential to reach there but to be honest we don't know when it will hit that high price.

if by at this stage you mean reaching $5000 within a month or two then i have to agree with you on that. but it is not impossible to reach that price at all. as stated in OP the current market cap is way lower than what it should be and the potential is there.

[Hyena]

If the bitcoin price goes to $5000 soon, say in a year, that is a big bubble. I will sell all my bitcoins.

Such a price is not going to happen. At the moment we aren't even at 10% of it. So no it is not something to consider however with any rise above the 1k I will join you to sell some of my coins. Never all since i believe there is so much potential.

The fact that it's just 10% of the target right now does not mean it won't reach the target in a year. Learn some Bitcoin history before you open your mouth.

[catlove]

It will, but not in 2016. My personal opinion on BTC is, 2016 is the year that determines BTC's fate as a legit currency. Something that is really hurting BTC right now is the other dumb alt coins.

[Hyena]

It will, but not in 2016. My personal opinion on BTC is, 2016 is the year that determines BTC's fate as a legit currency. Something that is really hurting BTC right now is the other dumb alt coins.

Yeah, take Ethereum for example, their team is an unethical bunch of vultures. They named ethershares just DAO and they sponsor exchanges to add it. Everyone knows that DAO stands for Decentralized Autonomous Organisation and it is a general term. There are many DAOs out there, created long before Ethereum and yet, Vitalik and his gang attempt to claim this 3 letter acronym for themselves as if Ethereum was the only DAO in the whole world. It's sickening me what foul business practises they use. They deliberately mess up their important dates by 24 hours to manipulate the market as much as possible. I hope FBI raids their offices soon enough. This Ethereum filth deserves to die with Vitalik the traitor in the first line.

[terman45x]

It will, but not in 2016. My personal opinion on BTC is, 2016 is the year that determines BTC's fate as a legit currency. Something that is really hurting BTC right now is the other dumb alt coins.

Yeah I don't think that price will be achieved in this year as it is very high price may be it can be achieved in next 10 years once we see mass adoption.

[Hyena]

It will, but not in 2016. My personal opinion on BTC is, 2016 is the year that determines BTC's fate as a legit currency. Something that is really hurting BTC right now is the other dumb alt coins.

Yeah I don't think that price will be achieved in this year as it is very high price may be it can be achieved in next 10 years once we see mass adoption.

You have no idea what's going on in the world right now, do you? We don't have 10 years. The economic collapse has begun and that's why BTC will rise so much in so little time. It's an extraordinary global situation and thus extraordinary things such as BTC going to 5k are bound to happen.

[fravia]

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.

it is way too early to predict price like this, i mean even halving in July won't rise price to 5000$, this is unrealistic, as this price is way to large, max price it can be after halving is 1500$

price to 5000$ can go only in huge amount of time, minimum amount of time is 4 years, i think that after halving in 2020 price can go to 5000$ but only if we will be very lucky

[Hyena]

it is way too early to predict price like this, i mean even halving in July won't rise price to 5000$, this is unrealistic, as this price is way to large, max price it can be after halving is 1500$

price to 5000$ can go only in huge amount of time, minimum amount of time is 4 years, i think that after halving in 2020 price can go to 5000$ but only if we will be very lucky

yet another opinion by a person who seems to have no clue what's going on in the world right now nor do they know what Bitcoin is capable of. Every single time we have reached the old ATH we have entered into a bubble that has increased the price of bitcoin by at least 5 times. If BTC goes to 1200$ again is is almost guaranteed that it won't stop at 1500$.

[Ewinsane]

it is way too early to predict price like this, i mean even halving in July won't rise price to 5000$, this is unrealistic, as this price is way to large, max price it can be after halving is 1500$

price to 5000$ can go only in huge amount of time, minimum amount of time is 4 years, i think that after halving in 2020 price can go to 5000$ but only if we will be very lucky

yet another opinion by a person who seems to have no clue what's going on in the world right now nor do they know what Bitcoin is capable of. Every single time we have reached the old ATH we have entered into a bubble that has increased the price of bitcoin by at least 5 times. If BTC goes to 1200$ again is is almost guaranteed that it won't stop at 1500$.

I agree with that. The bitcoin price has consolidated for the last 6 month. If there is big news, the price will rise very high.

[spazzdla]

[zimmah]

If we're lucky we will reach it this year, somewhere in august or september or so.

But let's just see what the halving will bring.

[praprata]

yeah, the price is soon going to rise a lot though i doubt a little bit that it will go so high up, but we will definitely have a rise

We are 9/10 away from $5000 because we are almost at $500. Hitting $5000 is not going to happen anytime soon now because we are to far away from it and to reach that is going to take some time.

[rektDude]

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.

if this is true what your telling why would no body buy all the coins he can right now. Dont think the 5000 each is for real and when do you think he will hit that amount. Do you even know how much that is there will be allot of people very happy on that point.

[HarryKPeters]

The bitcoin will not go to this amount for sure the 5000 dollar will never be reached, such amounts are way to high for the bitcoin.
Another fact is also that it never could be stable on such a price and if this will happen after that the price can even collapse.

[Mike8]

What you mean by "soon"? Obviously not days, because the thread was created months ago.
Is "soon" months? Or maybe years? Generations?

You know, "soon" is a relative term. Even human race can die "soon", in the same way the dinosaurs got extinct "not that long ago"...

[elyas772]

The bitcoin will not go to this amount for sure the 5000 dollar will never be reached, such amounts are way to high for the bitcoin.
Another fact is also that it never could be stable on such a price and if this will happen after that the price can even collapse.

yes possibility it will never happen, because it is possible when the price hits 1000 or 2000 it will not last long and there will experience a rapid decline