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Author Topic: That day when Bitcoin hits $50,000.-  (Read 6255 times)
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June 05, 2017, 10:57:20 AM
 #101

Yes, I hope the bitcoin will reach $ 50,000, if that happens I will not have to do anything, and it will be a dream come true, a dream of being a bitcoin millionaire



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June 05, 2017, 11:25:29 AM
 #102

Yes, I hope the bitcoin will reach $ 50,000, if that happens I will not have to do anything, and it will be a dream come true, a dream of being a bitcoin millionaire

I think that is possible, but it is also close to impossible. $50000 is a high price, and if you think of the past prices of bitcoin, it reach $2000 after 8 whole years. It takes 8 whole years to reach $2000, following that pattern, we can get a bitcoin price of $50000 after 200 years, but hey, at least we have a chance right.



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June 05, 2017, 11:29:15 AM
 #103

Of course i'm pretty sure the time when bitcoin price hits $50.000 will come and that time, i choose not to sell my bitcoin and use it to buy stuffs unless it's emergency and i don't have any money left.
I prefer to keep it because who know the price will increase even more? Or the sad thing is when the price hits $50.000, the inflation is so high and we barely afford anything with that lol. Since it happened in the future, we won't know how much the prices for daily goods are.
But i hope only bitcoin price is increasing, not the other price so we'll gain many profits lol.
Well...
Asume 18 million coins at that time  at $50,000 per coin.
That means the total worth of all the coins would be 900 billion.
18 million coins would mean the year 2020. 2020 means there would be 7.7 to 7.8 billion people on earth.
If everyone would posses just $120 worth of Bitcoin, bitcoin's worth would be this high..
:O

If we were to think it would reach 1 million/bitcoin, we would arrive at a less realistic rate... 18 trillion worth of Bitcoins around the world... That means everyone would have to own $2000 worth of bitcoins... You see that happening yet? I don't think that will ever happen.
Once that many people are interested in Bitcoin, there will probably be another alternative to the real world, besides internet, which would probably also be able to use as payment system.


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June 05, 2017, 11:33:12 AM
 #104

Yes, I hope the bitcoin will reach $ 50,000, if that happens I will not have to do anything, and it will be a dream come true, a dream of being a bitcoin millionaire

I think that is possible, but it is also close to impossible. $50000 is a high price, and if you think of the past prices of bitcoin, it reach $2000 after 8 whole years. It takes 8 whole years to reach $2000, following that pattern, we can get a bitcoin price of $50000 after 200 years, but hey, at least we have a chance right.
Agreed, we have great chance of reaching $50000 because bitcoin has given unexpected results in the past. As a part this to an predicted price by senior person of the bitcoin community. Hope thia to come into reality as the users will increase in a short when more and more Countries legalize bitcoin usage.

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June 05, 2017, 11:35:36 AM
 #105

Yes, I hope the bitcoin will reach $ 50,000, if that happens I will not have to do anything, and it will be a dream come true, a dream of being a bitcoin millionaire

I think that is possible, but it is also close to impossible. $50000 is a high price, and if you think of the past prices of bitcoin, it reach $2000 after 8 whole years. It takes 8 whole years to reach $2000, following that pattern, we can get a bitcoin price of $50000 after 200 years, but hey, at least we have a chance right.

Let's be realistic here. We all love to see bitcoin price to peaked at $50000. But is this price really can be touch in the future? Looking at the historically price of bitcoin, it seems that its really impossible. Don't get me wrong, I love to see the price really touching it and I try to stay very positive. But $50000 is way to high a price to see bitcoin get it. I think $10000 is more likely to be touch anywhere in the future. If ever I'm proven wrong, then I'm with you guys, celebrating, popping champagne and enjoying like there is no tomorrow.

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June 05, 2017, 11:36:12 AM
 #106

Nothing is impossible and bitcoin does have a potential to reach $50k but it is not as easy as it seems.We need proper distribution of bitcoin among lots of people instead of it concentration with few.

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June 05, 2017, 11:39:09 AM
 #107

Yes, I hope the bitcoin will reach $ 50,000, if that happens I will not have to do anything, and it will be a dream come true, a dream of being a bitcoin millionaire

I think that is possible, but it is also close to impossible. $50000 is a high price, and if you think of the past prices of bitcoin, it reach $2000 after 8 whole years. It takes 8 whole years to reach $2000, following that pattern, we can get a bitcoin price of $50000 after 200 years, but hey, at least we have a chance right.

Let's be realistic here. We all love to see bitcoin price to peaked at $50000. But is this price really can be touch in the future? Looking at the historically price of bitcoin, it seems that its really impossible. Don't get me wrong, I love to see the price really touching it and I try to stay very positive. But $50000 is way to high a price to see bitcoin get it. I think $10000 is more likely to be touch anywhere in the future. If ever I'm proven wrong, then I'm with you guys, celebrating, popping champagne and enjoying like there is no tomorrow.
Pesky Pessimist!

Really...
Look at this:

16 million BTC
7.5 billion people on earth
$50k per BTC

50k*16 million = 800 billion

800 billion / 7.5 billion = ~$107 per person

If everyone owned $107 worth of Bitcoin, Bitcoin would be worth 50k!


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June 05, 2017, 11:57:44 AM
 #108

Yes, I hope the bitcoin will reach $ 50,000, if that happens I will not have to do anything, and it will be a dream come true, a dream of being a bitcoin millionaire

I think that is possible, but it is also close to impossible. $50000 is a high price, and if you think of the past prices of bitcoin, it reach $2000 after 8 whole years. It takes 8 whole years to reach $2000, following that pattern, we can get a bitcoin price of $50000 after 200 years, but hey, at least we have a chance right.

Let's be realistic here. We all love to see bitcoin price to peaked at $50000. But is this price really can be touch in the future? Looking at the historically price of bitcoin, it seems that its really impossible. Don't get me wrong, I love to see the price really touching it and I try to stay very positive. But $50000 is way to high a price to see bitcoin get it. I think $10000 is more likely to be touch anywhere in the future. If ever I'm proven wrong, then I'm with you guys, celebrating, popping champagne and enjoying like there is no tomorrow.
Pesky Pessimist!

Really...
Look at this:

16 million BTC
7.5 billion people on earth
$50k per BTC

50k*16 million = 800 billion

800 billion / 7.5 billion = ~$107 per person

If everyone owned $107 worth of Bitcoin, Bitcoin would be worth 50k!

I really wish your calculations were realistic but unfortunately they are not. Most people have never hold $107 worth of money in their hands during their entire life. Check out some facts here: https://www.dosomething.org/us/facts/11-facts-about-global-poverty

Quote
Nearly 1/2 of the world’s population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day.

Considering those facts I think it is more realistic to expect $25k. And I, for one, think that we'll see $25k in 5 years.

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June 05, 2017, 12:16:30 PM
 #109

I hope I'm still alive when bitcoin touches 50k usd so I can celebrate it with you guys! For near future I will be very happy if bitcoin reached 5k usd and it seems make more sense.

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markjamrobin
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June 05, 2017, 12:23:53 PM
 #110

I hope I'm still alive when bitcoin touches 50k usd so I can celebrate it with you guys! For near future I will be very happy if bitcoin reached 5k usd and it seems make more sense.

It seems like an irony, and I totally agree with you. They are giving false ideas, it is not like reality, although bitcoin has a strong potential, but it is always suppressed by governments, the value of excessive bitcoin will lead to terrible. Economic depression, currency devaluation, and things are worse, so they will stop it.


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BitHodler
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June 05, 2017, 12:46:12 PM
 #111

Nothing is impossible and bitcoin does have a potential to reach $50k but it is not as easy as it seems.We need proper distribution of bitcoin among lots of people instead of it concentration with few.
Adoption will definitely help, but we need institutional investors that will jump into the Bitcoin ecosystem.

If they even allocate 5% of their holdings to Bitcoin for a longer period of time, we'll easily maintain a price above the $20K mark ~ that's why an ETF comes handy.

If you combine that with the constantly increasing general demand, and more average people shifting from gold to Bitcoin, the price will literally explode in value.

If you take all that into consideration, it makes selling at current levels a pointless and stupid practice. It's definitely not too late to start accumulating as many coins as possible.

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June 05, 2017, 01:02:31 PM
 #112

I consider myself an economist given my occupation as a trader in markets that need to be very updated about financial issues all time, and so I have a natural tendency to leave excessive optimism aside. It is never advisable to trade influenced by enthusiasm, or by any kind of emotion.

However the behavior of bitcoin, and the altcoins market in general, has not ceased to amaze me day by day because of its unusual expansion, so I think it is perfectly valid to expect a bitcoin price arriving to that magnitude, although I have enough doubts about the real sustenance that can push the price at those heights.

Most Kenziens don't know reality and I tried talking to them. What they are blind about it 100% of their money like their fake dollars (no longer real like they use to be) go to 0 they all do. When dollar use to be real it was deflationary. So yes BTC if it last long enough will be 500,000,000 fake dollars. It depends on how delutional the Kenziens that run the show are if they loose control the teft through inflation will speed up the BTC will speed up.

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haroldtee
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June 05, 2017, 01:28:02 PM
 #113

The day when BTC hits $50 000, Satoshi himself will come down from mount Ararat and greet us - his faithful acolytes in this thread. He'll also be giving free BTC to all the true believers.

Do you think it's possible that BTC will one day be worth $1 000 000, without huge inflation of the dollar?
Grin Grin Grin Grin Grin Grin Ok! Satoshi!! In case you are reading this thread later in future and you decide to give free BTC to us your true believers like anubisath said, please put my name first on your list. But seriously, if I am not too old by then when it gets to $50,000, then I will live life to the fullest.

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June 05, 2017, 01:47:09 PM
 #114

That day when bitcoin hits 50,000, and this topic wil be replied and honored by the new folks whom are new to Bitcoin by then, the day when multiple countries have the coin in use in shops and services, the day when you get paid 0.05 BTC a month for a fulltime job, what will you do with your precious coins? when this appears on your screen...

$50,023(+0.12%)
1 BTC

Will you hold them with the knowledge of becoming a millionaire, or a multi-multi millionaire? Or wil you find it enough and trade some or most of your precious, precious coins for money to buy something really big, or use it to start up your own big company?

For me, I will keep them. I might only sell a tiny bit if I would like to make a purchase of something, but for the rest I would keep all the coins knowing that 50,000.- is just the start of a new beginning (just like 2017's 2700 compared to 2014's 200.- already)

I am curious what you will do that day, when this post gets replied and all those people wish they started in the time that we did. The day when you, me and all other Bitcoin buyers basically have won the lottery, what will you do?

I really hope to see that day and see my friends faces that now are thinking that I'm crazy to invest in BTC, cause for they BTC is a bullshit... And I will change country (a country with a better tax system), I will buy a  villa and I will make a quiet life, without job. This is my dream ;-)

WallSinger
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June 05, 2017, 02:01:00 PM
 #115

The day when BTC hits $50 000, Satoshi himself will come down from mount Ararat and greet us - his faithful acolytes in this thread. He'll also be giving free BTC to all the true believers.

Do you think it's possible that BTC will one day be worth $1 000 000, without huge inflation of the dollar?

the dayy when BTC hits 50,000, Satoshi will be the most powerful man in the world I think. And like you, I think is possible to see a huge inflation of the dollar in this moment. But I have read also that BTC may become the courrency for big transactions (like home sales, etc.), and in this case is possible to don't see a huge inflation of  the dollar.... I really hope this!!!!

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June 05, 2017, 02:06:17 PM
 #116

When the price will reach to that value then it will mean that the market cap is increased too much and many countries have adopted bitcoin for their state so with it many things will be available so at that time we will not need to sell our bitcoin but we will use them directly.

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June 05, 2017, 02:21:58 PM
 #117

The day when BTC hits $50 000, Satoshi himself will come down from mount Ararat and greet us - his faithful acolytes in this thread. He'll also be giving free BTC to all the true believers.

Do you think it's possible that BTC will one day be worth $1 000 000, without huge inflation of the dollar?

the dayy when BTC hits 50,000, Satoshi will be the most powerful man in the world I think. And like you, I think is possible to see a huge inflation of the dollar in this moment. But I have read also that BTC may become the courrency for big transactions (like home sales, etc.), and in this case is possible to don't see a huge inflation of  the dollar.... I really hope this!!!!
yeah 1 satoshi also will be more powerfull than today . then may be we found micro satoshi or nano satoshi in faucet website lol  Grin

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June 05, 2017, 02:23:53 PM
 #118

I think that price is so high so maybe when bitcoin hit that price no one can say for that. As of now i will enjoy the bitcoin price and i will convert some of my bitcoin into cash but some i hold it for the next rocking of bitcoin.
When bitcoin hit $50,000, I am so glad of holding bitcoin before that coming but if I won't hold that. It is very annoying for me. It is a big chance to us to have a big money for just cheap capital that we invest. Bitcoin always rocking my wallet. It always gives me more money to be cashed out. Bitcoin rocking the world in its price increasing so anyone try to have this.

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jayohby
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June 05, 2017, 02:38:03 PM
 #119

i believe bitcoin can do 40% year over year growth from today.


2500*1.4^9
conservatively speaking, in 9 years, we'll reach $50k USD per bitcoin.

Of course, that means to reach $100kusd, $200kusd, it's just a matter of time.

As long as central banks keep printing fiat, it'll keep going up.
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June 05, 2017, 03:05:47 PM
 #120

When I met the day that 50000 per btc,I could experience now how to be a millionaire.My dream is to become rich and help the needy.
So when this price hit many bitcoiners will celebrate for the beginning of rich life in this world.
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