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Author Topic: Economist predicts Bitcoin $25,000  (Read 2468 times)
HabBear
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February 12, 2017, 06:02:44 AM
 #1

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

Economist predicts Bitcoin $25,000!

Part of the commentary compares it to a bubble, but one that hasn't even started it's run yet.

The best part - read the comments - a lot of ill-informed people commenting. People thinking that China can shut it down, haha.

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February 12, 2017, 06:18:49 AM
 #2

Thats a good dream, I dont think we will see that day. Why? Cause bitcoin at 25.000 mean the end of the banks, the end of globalization the end of the fed power. Is a nice fantasy, but with the current structure is just imposible. Last time I sent a transactions it delays almost 2 days for a single confirmation and the fee was like 1% of my transaction.
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February 12, 2017, 06:37:05 AM
 #3

With side chains the 1% transaction fee will be lowered and transaction timing will be very low/quick. If Bitcoin goes mainstream it's mkt cap will HAVE to be at least 10-50k minimum. It's current mkt cap is tiny. People are going to start dumping fiat around the world, interest growing fast in unstable and high inflation/uncertainty countries - would only take moderate penetration in a few 3rd or 2nd world countries to see explosive growth in mkt cap.
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February 12, 2017, 07:32:42 AM
 #4

With side chains the 1% transaction fee will be lowered and transaction timing will be very low/quick. If Bitcoin goes mainstream it's mkt cap will HAVE to be at least 10-50k minimum. It's current mkt cap is tiny. People are going to start dumping fiat around the world, interest growing fast in unstable and high inflation/uncertainty countries - would only take moderate penetration in a few 3rd or 2nd world countries to see explosive growth in mkt cap.

If bitcoin ever reaches $25,000 all the cryptocurrency exchange platforms will sell the btc they have and  run away with the money.Btc price will return to $500 and everything will start from the beginning.
Don`t be such an optimist.



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February 12, 2017, 07:44:09 AM
 #5

There is a blockade in the way of bitcoin scaling, I think devs should consider increasing the block size by 50% for now and then decrease the difficulty accordingly. however $25k is inevitable and we'll see that day soon in few years, that is why people should start mining even if they are paying from pockets for electricity. my plan is to do that and hold my coins for the time when price reaches a profit for all past investments since if we are to mine for now without profit it's like investing for future profit.

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February 12, 2017, 07:57:50 AM
 #6

What we need is $80,000 - then satoshi will be the richest man on earth!
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February 12, 2017, 09:02:21 AM
 #7

With side chains the 1% transaction fee will be lowered and transaction timing will be very low/quick. If Bitcoin goes mainstream it's mkt cap will HAVE to be at least 10-50k minimum. It's current mkt cap is tiny. People are going to start dumping fiat around the world, interest growing fast in unstable and high inflation/uncertainty countries - would only take moderate penetration in a few 3rd or 2nd world countries to see explosive growth in mkt cap.

If bitcoin ever reaches $25,000 all the cryptocurrency exchange platforms will sell the btc they have and  run away with the money.Btc price will return to $500 and everything will start from the beginning.
Don`t be such an optimist.

iam agree youre statement don't over optimist,if bitcoin price incraese until rech too
butd don't pessimist too, if bitcoin price down until reach 500 dollar
use good analys so not over optimist and pessimist
   

   
 

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February 12, 2017, 09:14:20 AM
 #8

With side chains the 1% transaction fee will be lowered and transaction timing will be very low/quick. If Bitcoin goes mainstream it's mkt cap will HAVE to be at least 10-50k minimum. It's current mkt cap is tiny. People are going to start dumping fiat around the world, interest growing fast in unstable and high inflation/uncertainty countries - would only take moderate penetration in a few 3rd or 2nd world countries to see explosive growth in mkt cap.

If bitcoin ever reaches $25,000 all the cryptocurrency exchange platforms will sell the btc they have and  run away with the money.Btc price will return to $500 and everything will start from the beginning.
Don`t be such an optimist.

You are taking the actual scheme of things, but when Bitcoin will be at 25 000$, they will not sell it anymore for cash, as Bitcoin will be favoured by the great financial power. This however assumes that Bitcoin reached that price which seems me quite a little dream.

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February 12, 2017, 10:01:07 AM
 #9

I think there are 2 chances to happen if we could reach that price:
1. Bitcoin will be valuable asset, everyone will start to accept it so noone will sell and run.
2. Bitcoin will be like bubble, everyone will sell and run.

First is bigger chance because it will happen "over time" not in one night. Maybe like 30 years etc.

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CyberKuro
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February 12, 2017, 10:20:02 AM
 #10

With side chains the 1% transaction fee will be lowered and transaction timing will be very low/quick. If Bitcoin goes mainstream it's mkt cap will HAVE to be at least 10-50k minimum. It's current mkt cap is tiny. People are going to start dumping fiat around the world, interest growing fast in unstable and high inflation/uncertainty countries - would only take moderate penetration in a few 3rd or 2nd world countries to see explosive growth in mkt cap.

If bitcoin ever reaches $25,000 all the cryptocurrency exchange platforms will sell the btc they have and  run away with the money.Btc price will return to $500 and everything will start from the beginning.
Don`t be such an optimist.

You are taking the actual scheme of things, but when Bitcoin will be at 25 000$, they will not sell it anymore for cash, as Bitcoin will be favoured by the great financial power. This however assumes that Bitcoin reached that price which seems me quite a little dream.
Bitcoin will always rise up I think, as limited supply of bitcoin and increases demand over time, no doubt of that.
But, wil it ever reach more than $5000/$10000/$25000 in the future? Only time will tell, we're moving to reach $2000 in this year.
People won't sell any bitcoin for fiat money anymore, if daily needs and all aspects of life will accept bitcoin as a method of payment, a long way and many years to see, how we can make it.
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February 12, 2017, 11:01:10 AM
 #11

Cant wait for it to happen. And if that happens many will become millionaires in an instant. As for now its only a dream that is to hard to achieve.  But im not saying that bitcoin will never get that price. 

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February 12, 2017, 11:09:33 AM
 #12

With side chains the 1% transaction fee will be lowered and transaction timing will be very low/quick. If Bitcoin goes mainstream it's mkt cap will HAVE to be at least 10-50k minimum. It's current mkt cap is tiny. People are going to start dumping fiat around the world, interest growing fast in unstable and high inflation/uncertainty countries - would only take moderate penetration in a few 3rd or 2nd world countries to see explosive growth in mkt cap.

If bitcoin ever reaches $25,000 all the cryptocurrency exchange platforms will sell the btc they have and  run away with the money.Btc price will return to $500 and everything will start from the beginning.
Don`t be such an optimist.

You are taking the actual scheme of things, but when Bitcoin will be at 25 000$, they will not sell it anymore for cash, as Bitcoin will be favoured by the great financial power. This however assumes that Bitcoin reached that price which seems me quite a little dream.
Bitcoin will always rise up I think, as limited supply of bitcoin and increases demand over time, no doubt of that.
But, wil it ever reach more than $5000/$10000/$25000 in the future? Only time will tell, we're moving to reach $2000 in this year.
People won't sell any bitcoin for fiat money anymore, if daily needs and all aspects of life will accept bitcoin as a method of payment, a long way and many years to see, how we can make it.

We are speculating until a too long point. To be sure, I have made all my maths on how much I need to have to fullfill my dream based on 5000$/BTC in 2020. So everything above this price will be just a pure bonus !

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February 12, 2017, 11:21:35 AM
 #13

I would love that price but i dont want to think too much on such price. Not all prediction is accurate. If that price would happen for sure it wont last long and would drop again very fast.
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February 12, 2017, 11:29:55 AM
 #14

With side chains the 1% transaction fee will be lowered and transaction timing will be very low/quick. If Bitcoin goes mainstream it's mkt cap will HAVE to be at least 10-50k minimum. It's current mkt cap is tiny. People are going to start dumping fiat around the world, interest growing fast in unstable and high inflation/uncertainty countries - would only take moderate penetration in a few 3rd or 2nd world countries to see explosive growth in mkt cap.

If bitcoin ever reaches $25,000 all the cryptocurrency exchange platforms will sell the btc they have and  run away with the money.Btc price will return to $500 and everything will start from the beginning.
Don`t be such an optimist.

But your story is more optimistic than his. Smiley

I would definitely prefer this story over his. Because when your story happens and btc falls down to 500$, people will be buying tons of btc and it will jump back to 25k$ again.

It happened before(1000$>150$>1000$), and there is no reason for it not to happen again.
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February 12, 2017, 11:36:50 AM
 #15

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

Economist predicts Bitcoin $25,000!

Part of the commentary compares it to a bubble, but one that hasn't even started it's run yet.

The best part - read the comments - a lot of ill-informed people commenting. People thinking that China can shut it down, haha.

So it will be bubble by bubble basis. More bubbles will eventually leads to a huge bubble that will give intense and thrilling experience while using bitcoin. Well it was started when the price hits $300 after those tremendous price decrease.

Well it's not that wrong to be more confident about some speculations about the huge price increase in bitcoin. Just sort those speculations with valid basis and arguments to those malnourished one so that we can have a healthy predictions. Smiley

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February 12, 2017, 11:37:21 AM
 #16

I don't like articles like that. Mostly wild guessing, someone's asking his crystal ball and that's it.
An expert has spoken! Cheesy

Quote
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.

So I would say we are speaking about a time frame of at least 2-3 decades!
I mean come one let's be realistic.
Gosh who knows if Bitcoin will still be the dominant open Blockchain then?! I hope so!
But hey... this article is shitty.


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February 12, 2017, 12:00:25 PM
 #17

I don't like articles like that. Mostly wild guessing, someone's asking his crystal ball and that's it.
An expert has spoken! Cheesy

Quote
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.

So I would say we are speaking about a time frame of at least 2-3 decades!
I mean come one let's be realistic.
Gosh who knows if Bitcoin will still be the dominant open Blockchain then?! I hope so!
But hey... this article is shitty.




i don't know what crossed in his mind doing that article and telling that the price would provably reach for 25,000$! and i don't know what is his strong basis while in  reality we cannot actually tell if it would be happen or not, much better if we just predict little low so that the eyebrows of critics will not rise for this one 25,000$ road will be the thougest one to reach and if that would be happen i think we can see bitcoins accepted on malls and any other offline business.

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February 12, 2017, 12:22:36 PM
 #18

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

Economist predicts Bitcoin $25,000!

Part of the commentary compares it to a bubble, but one that hasn't even started it's run yet.

The best part - read the comments - a lot of ill-informed people commenting. People thinking that China can shut it down, haha.

I read the article and I didn't find the author mentioning a time frame for this to happen. That is the easy way for him to hedge his bets.
I respect economists who give a time frame - like the guy who said Bitcoin will reach $10 in a year's time. He might have got it wrong, but he had the courage to state his beliefs.
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February 12, 2017, 12:24:41 PM
 #19

$25,000 would make us insanely wealthy but a price that high seems a distant dream. A lot would have to change to make something like this a reality. Maybe many years away but not soon.

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February 12, 2017, 12:49:35 PM
 #20

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

Economist predicts Bitcoin $25,000!

Part of the commentary compares it to a bubble, but one that hasn't even started it's run yet.

The best part - read the comments - a lot of ill-informed people commenting. People thinking that China can shut it down, haha.

I read the article and I didn't find the author mentioning a time frame for this to happen. That is the easy way for him to hedge his bets.
I respect economists who give a time frame - like the guy who said Bitcoin will reach $10 in a year's time. He might have got it wrong, but he had the courage to state his beliefs.
It was Tim Draper, and he said that bitcoin will reach $10.000 on the wave of hype after that bubble of 2013.
He later revised his prediction and said it won't be possible for BTC to spike that much.
Well, like Yves Lamoureux I would like to see bitcoin skyrocketing to $25k too, but the reason he presented is too vague.
He said, bitcoin is good, limited and good as store value, therefore it will go high, no details whatsoever.


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