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Author Topic: Bitcoin will surge to $25,000+  (Read 2930 times)
Raimonn
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February 11, 2017, 08:36:21 PM
 #21

I can only see this price in dreams, on real life (on next 3-5 years) i saw it very difficult. Or dollar had a crash on its value, or Bitcoin is used by central banks as store of value (like now they have gold). I don't see it impossible (on next 2 or 3 halvings).
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February 11, 2017, 10:14:54 PM
 #22

I saw the article and the possibility are really high considering the limited supply of bitcoin and if more and more people started investing heavily into bitcoin the chances of a price above $10k might be a reality and even with news from China recently about new regulation and stuff the price recovered instantly and these are good signs and you never know what will happen.
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February 11, 2017, 10:33:52 PM
 #23

The analysis is rather optimistic, but I would not say that this is unrealistic, since when an asset is in its early stages, there is great potential. And when that asset is making the transition to the stage of expansion, chances are great that a lot of people start investing and using it.
This is something easy to see in the case of Bitcoin, in which there are more and more people realizing that this may be a more favorable way of storing and transferring money.
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February 11, 2017, 10:56:22 PM
 #24

It could take decades before Bitcoin gets to that price. $1000 may be high for now and we may see a correction, but I agree that overall, the price will gradually increase over time as long as it isn't made illegal or over-regulated.

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February 12, 2017, 02:18:38 AM
 #25

I can only see this price in dreams, on real life (on next 3-5 years) i saw it very difficult. Or dollar had a crash on its value, or Bitcoin is used by central banks as store of value (like now they have gold). I don't see it impossible (on next 2 or 3 halvings).
Yeah, price of bitcoin is increasing gradually. But the mentioned $25000 is not gonna happen in reality. The price surge in the past took place in accordance to the China's bitcoin market. This has changed a lot due to the recent inspection took place. Now the growth is the true growth of bitcoin's technology not a fake one to attract corporates or other high profiting sectors.

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February 12, 2017, 02:54:07 AM
 #26

I can only see this price in dreams, on real life (on next 3-5 years) i saw it very difficult. Or dollar had a crash on its value, or Bitcoin is used by central banks as store of value (like now they have gold). I don't see it impossible (on next 2 or 3 halvings).
Yeah, price of bitcoin is increasing gradually. But the mentioned $25000 is not gonna happen in reality. The price surge in the past took place in accordance to the China's bitcoin market. This has changed a lot due to the recent inspection took place. Now the growth is the true growth of bitcoin's technology not a fake one to attract corporates or other high profiting sectors.

In late 2013 'China' probably consisted of a few tens or a couple of hundred thousand people at the absolute max. Adoption in any significant way hasn't happened. People still get excited when someone places a $500,000 order on an exchange. In adult finance terms that's laughable.

If BTC ever did manage to get beyond its wee niche then tens of thousands are eminently achievable.

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February 12, 2017, 03:17:23 AM
 #27

More economic and financial mumbo jumbo from Yahoo Finance. Try to find out who wrote that article and ask yourself "If the writer is really that good, then why is he not rich right now?"

Those finance writers get paid to make all those articles which you all think comes from the "experts". No, those writers are as the same as us. They have no clue and make things up just to keep you reading on their site.

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February 12, 2017, 03:44:39 AM
 #28

25k Is not realistic. Not even close to realistic. At best we can see a steadily grow to perhaps 1500 - 2000. With more years to come and the halving in 2020 i hope to see the price around 3/4k, but I am well aware this is not realistic.

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February 12, 2017, 04:01:11 AM
 #29

Having hope is good but 25k is a very high amount considering current price, $1000 itself was a major achievement for btc even a 2.5k would be a major event for btc right now, so 25k doesn't seems something that we will see soon maybe in a decade?

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February 12, 2017, 07:40:03 AM
 #30

Having hope is good but 25k is a very high amount considering current price, $1000 itself was a major achievement for btc even a 2.5k would be a major event for btc right now, so 25k doesn't seems something that we will see soon maybe in a decade?
It isnt realistic at all considering and hoping for that price on a short period of time and surely it takes how many years to reach that amount and as you said we are just on 1000 price and even reaching 2k is soo hard and even we didnt know when it would reach that price point.



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February 12, 2017, 07:46:03 AM
 #31

Like I said in the other thread, thats impossible by now. The bitcoin network dont have enough structure to provide that massive adoption. 25,000 will mean the global bankup and the replacement of the entire economy system.
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February 12, 2017, 07:48:54 AM
 #32

there are already so many speculations like this, each of them talking about different and similar factors that can cause the rise in different time frames. and prices they predict are ranging from $5000 to $100,000 and they all have good points when you read them in details but they all are making assumptions that fail to happen.

I'd say they all need adoption and nothing else, and adoption will only happen over time and by fixing some problems such as the block size, and the volatility of the price, and also regulations can be effective on this.

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February 12, 2017, 07:52:14 AM
 #33

Ive read the article. a analyst states that bitcoin will grow up to that price, well im not shocked about it because in future instances if bitcoin has a big community and lot is investing on it then we could expect that price but it takes time first. way back 3 years or 2 years ago ive read that bitcoin price will be at $1k  then lately we got that price

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February 12, 2017, 11:33:06 AM
 #34

this is not only daydreaming but also i say it is more harmful to bitcoin's adoption than anything else.

think of it this way, articles like these that keep speculating about a huge rise (a surge to ridiculously high prices) are false promises and make bitcoin look like a "get rich quick" thing where people can buy now and become rich overnight!

and this is harmful because people start only seeing the investment part of bitcoin and we can never see the mass adoption ever. and besides when price doesn't rise with that speed and rises with slower logical speed and has some dips like 2 days ago, all those people who bought with the dream of getting rich will dump scared and run away.

Wow did you even read the article? It even says this won't happen over night.

 Roll Eyes Now who is the one spreading FUD?  Roll Eyes

yes i did read the article and there isn't much to it to read and discuss. but apparently you didn't understand my comment. the only valid thing of that article was the supply chart!

i am not saying it is impossible to happen, i agree with it.
i am saying putting up articles like that saying it will go to $25000 and topics here is just as stupid as saying bitcoin price will go down to $10














 

 

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February 12, 2017, 01:24:00 PM
 #35

http://finance.yahoo.com/news/why-bitcoin-will-surge-to-25000-142402299.html

Quote
We fought tooth and nails to get the media to cover gold when it traded at $300. These events work out over cycles measured in decades, which is the amount of time required to convince the majority.

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Whether tulips, housing or tech stocks, bubbles require public participation. And as blockchain becomes more ubiquitous, it lends credibility to the technology behind bitcoin. We feel that digital currencies, such as bitcoin, have now entered a similar cycle.

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It will take many years of great returns to remove the current skepticism on digital money. And there will be pressure from governments to regulate it, which in the end, will only lend it more legitimacy

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We suggest, however, that it will exceed everyone’s hopes, aspirations and dreams.
I like those 2 last quotes, government will lend or give it more legitimacy, and it will exceed everyone's hopes.
$25,000 may seems unrealistic for now, but who can predict it in 10-20 years later? Indeed, we just speculate and waiting for it to be happen. Bitcoin isn't a quick way to become rich if we have to wait for 20 years obviously, but at least bitcoin is a reliable investment for the future.



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February 12, 2017, 01:34:22 PM
 #36

I do not agree with all the points, but the article has some interesting arguments. I think Bitcoin is in fact a fairly scarce currency, and the trend is that demand will increase as more people realize its functionalities. Such conditions are favorable enough that Bitcoin reaches very high values compared to the current values, but if the price reaches this range, it may be that part of this is also a consequence of FOMO.

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February 12, 2017, 01:52:06 PM
 #37

I remember I have read similar articles back in late 2013 when bitcoin prices were testing $1000 levels for the very first time.

Yup, you can blame Mt Gox for BTC crashing down.

If only Mt Gox didn't fail like it did... I can only imagine where BTC would be today... It certainly 100% would be higher than it is now.

This is not a given

Ultimately, the price as of now is partly determined by how many bitcoins got lost for good during the Mt. Gox collapase. If none at all, then price might theoretically be higher than it is now since Bitcoin wouldn't have got so much bad publicity as it really got and many people who lost their at that exchange would likely invest more heavily later. On the other hand, though, if many coins got lost, the price today might in fact be higher thanks to constricted supply

Like I said in the other thread, thats impossible by now. The bitcoin network dont have enough structure to provide that massive adoption. 25,000 will mean the global bankup and the replacement of the entire economy system.

That's mostly nonsense. Coins that are traded don't hit the blockchain as long as they don't leave the exchange they are being traded on (unless the exchange itself moves them, of course)

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February 12, 2017, 01:55:30 PM
 #38

I can only see this price in dreams, on real life (on next 3-5 years) i saw it very difficult. Or dollar had a crash on its value, or Bitcoin is used by central banks as store of value (like now they have gold). I don't see it impossible (on next 2 or 3 halvings).
You have missed one very big factor, mass adoption. Other than dollar crash or central banks approval, this must be more influencing factor to support bitcoin prices to reach to any level even in millions.

Actually it is already happening and bitcoin is getting ready to start flying then we do not need 3 or 5 years to see bitcoin prices reaching 25k USD levels.














 

 

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February 12, 2017, 02:12:56 PM
 #39

Ultimately, the price as of now is partly determined by how many bitcoins got lost for good during the Mt. Gox collapase. If none at all, then price might theoretically be higher than it is now since Bitcoin wouldn't have got so much bad publicity as it really got and many people who lost their at that exchange would likely invest more heavily later. On the other hand, though, if many coins got lost, the price today might in fact be higher thanks to constricted supply

what do you mean by "lost"? is it like destroyed!

in any case i feel like you are forgetting about the fact that price was pumped to $1200 in 2013 by mtgox and it didn't go there on its own. which means it had to come down.
so irregardless of the bad publicity of the pump and the bubble that formed those years, the price had to come down. market was just not ready for that kind of rise.

the same thing is true for now, market is not ready for a higher price and it won't be ready for it in the near future either. it is ready for $1000 for now and possible $1500 to $2000 by the end of the year based on the adoption we are seeing these days.

anything more needs more too.














 

 

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February 12, 2017, 02:29:18 PM
 #40

Ultimately, the price as of now is partly determined by how many bitcoins got lost for good during the Mt. Gox collapase. If none at all, then price might theoretically be higher than it is now since Bitcoin wouldn't have got so much bad publicity as it really got and many people who lost their at that exchange would likely invest more heavily later. On the other hand, though, if many coins got lost, the price today might in fact be higher thanks to constricted supply

what do you mean by "lost"? is it like destroyed!

Lost means that the coins that got lost will likely never come back "online" (similar to 1M of Satoshi's bitcoins)

in any case i feel like you are forgetting about the fact that price was pumped to $1200 in 2013 by mtgox and it didn't go there on its own. which means it had to come down.
so irregardless of the bad publicity of the pump and the bubble that formed those years, the price had to come down. market was just not ready for that kind of rise.

the same thing is true for now, market is not ready for a higher price and it won't be ready for it in the near future either. it is ready for $1000 for now and possible $1500 to $2000 by the end of the year based on the adoption we are seeing these days.

anything more needs more too

It likely needs a lot more

But it may not in fact need a block size increase, specifically. The price today (and still more so in the Mt. Gox days) is determined by the balance of supply and demand at major exchanges (like Bitstamp and cronies), but to trade there you don't need the blockchain altogether (only to deposit coins into your exchange account) and therefore the size of the block is irrelevant. If you, nevertheless, think that the price is determined by real trade in any significant degree, good luck to you. Further, the transaction jam we see every now and then is mostly due to spam transactions, and if they were effectively dealt with and gotten rid of, there would be plenty of room left

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