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Author Topic: Just about 20 million. Wait and watch it REALLY explode...  (Read 2374 times)
barabbas
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August 14, 2017, 04:17:13 AM
 #1

Tens, hundreds of thousands of new bitcoin purchasers, traders, holders... It's a fever, across the world, making the mainstream news -and new highs- every day....

But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...

What is going to happen when not hundreds of thousands, but actually hundreds of millions of people want to have bitcoin?

We ain't seen nothing yet.

Here's my prediction, for the books: $50,000+ within 5 years, probably within 3 years.

Or earlier.
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August 14, 2017, 05:19:07 AM
 #2

All signs do point to rather retarded numbers if the market cap can keep doubling.

From the average Joe, to hedge funds, to banks/corps, yes I agree we are witnessing the low end of the s-curve of the mass adoption cycle. Took previous paradigm shifting inventions 20+ years to get mass adoption, here we are seeing it fast-tracked many fold but we're definitely still under the radar re masses of masses.

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August 14, 2017, 05:27:14 AM
 #3

Thats when we realize that we could of bought it for $4000 and decided not to. Its gonna be so high, I can't even imagine how high.

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August 14, 2017, 05:29:15 AM
 #4

It looks like $10k is around the corner and I won't be surprised to see bitcoin at $10k+ by end of 2018. Price might easily cross $5k mark by december this year because current bull run is really big and unbelievable that's why more new buyers/investors are putting their fiat into bitcoin that will surely fuel another round of pump.

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August 14, 2017, 05:31:24 AM
 #5

^ At this rate, I won't be surprised if we reach 5K in a week (or even overnight from here) and 10K in a month.

I know it sounds unrealistic, but so does bitcoin going from this years low to 4K so...

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August 14, 2017, 05:49:28 AM
 #6

I think the important thing is not the limited number, but the ability to function, tomorrow when you come to another virtual technology with another technology, you will not predict the forecast.



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Rainbot
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August 14, 2017, 05:51:50 AM
 #7

Tens, hundreds of thousands of new bitcoin purchasers, traders, holders... It's a fever, across the world, making the mainstream news -and new highs- every day....

But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...

What is going to happen when not hundreds of thousands, but actually hundreds of millions of people want to have bitcoin?

We ain't seen nothing yet.

Here's my prediction, for the books: $50,000+ within 5 years, probably within 3 years.

Or earlier.

Yeahhhh most newcomers have enough trouble just buying Bitcoin in the first place, let alone understanding how it works. Smiley

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August 14, 2017, 05:54:00 AM
 #8

But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...
Or earlier.

Where did you get that number though? Sincere question.

I agree with everyone here that looking long term, most probably bitcoin is going to go up and up due to bitcoin being capped to 21 million while bitcoin is having more and more investors and users everyday. But also expect price corrections. It happens usually when prices go up too high and too fast. Just like the drop from $3000 to $1800 a month/months ago.

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August 14, 2017, 05:55:31 AM
 #9

Tens, hundreds of thousands of new bitcoin purchasers, traders, holders... It's a fever, across the world, making the mainstream news -and new highs- every day....

But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...

What is going to happen when not hundreds of thousands, but actually hundreds of millions of people want to have bitcoin?

We ain't seen nothing yet.

Here's my prediction, for the books: $50,000+ within 5 years, probably within 3 years.

Or earlier.

I think it is a bit unrealistic for 50k within 5 years, 10-15 years I can definitely see it.

Either way can't go wrong if you buy and can hold long term.
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August 14, 2017, 06:07:34 AM
 #10

Well, I would watch it a bit different. We should have 16.5 million BTC currently in the market, about 1 mill s probably lost as you say, so 15.5 million currently in the wild. This gives us $4k price since supply and demand re in the equilibrium. We ll have about 4.5 million more to be mined in the future and more and more coins will be lost.

As the supply shrinks, especially after the next halving, I can see $10k per BTC easy in the next 2-3 years, maybe even $20k.

The same will happen with prominent alts.

The future s really bright!

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August 14, 2017, 06:12:59 AM
 #11

I think it is a bit unrealistic for 50k within 5 years, 10-15 years I can definitely see it.

Either way can't go wrong if you buy and can hold long term.

there is nothing unrealistic about it. as the second comment of this topic mentioned and I also agree, the adoption of bitcoin is like an S curve. these curves have the tendency to be slow at first then the rate picks up and becomes nearly vertical and then it slows down as it reaches the final stage.

with bitcoin we are still in the bottom of the curve and in early stages. what we see as a big rise is simply a small rise in the future. bitcoin is a global currency which is also decentralized. that is not a small thing and exactly that is leading to this growing adoption. soon this rate will pick up and enter the vertical stage of S curve in a couple of years and eventually reach the mass adoption. but in the meantime prices like $50K in 5 years are nothing.

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August 14, 2017, 06:32:35 AM
 #12

Well, I would watch it a bit different. We should have 16.5 million BTC currently in the market, about 1 mill s probably lost as you say, so 15.5 million currently in the wild. This gives us $4k price since supply and demand re in the equilibrium. We ll have about 4.5 million more to be mined in the future and more and more coins will be lost.

As the supply shrinks, especially after the next halving, I can see $10k per BTC easy in the next 2-3 years, maybe even $20k.

The same will happen with prominent alts.

The future s really bright!

I will even take it a step further, of the 4.5 million that are left to be mined, only 2 million+ will be mined when these people are still alive. < due to block having > So if everyone starts to hoard now, people will have to fight over the remaining 2 million that will be left to mine.

I agree with OP, people do not realize the significance of Bitcoin scarcity and when they do, this will go crazy. ^smile^

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August 14, 2017, 06:40:42 AM
 #13

I wonder if you can compare bitcoin price developent to the stock market. When everyone is cheering and hopping on the train, the price is probably already way to high and the bubble will finally burst.

https://youtu.be/FXNziew6C9A

But that's bitcoin and noone knows how high it can climb and cryptocurrencies may have their own rules.
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August 14, 2017, 07:21:36 AM
 #14

That prediction can really happen because as you said that the supply of bitcoin is only fixed for a certain amount, bitcoin will never get more supply in the future and as the years come then the demand will continue to grow and the supply will continue to become less and that is when the real effect will happen and the price of bitcoin will really explode in an unexpected price.

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August 14, 2017, 10:08:22 AM
 #15

Tell you what, even at that rate, it's still some way behind new numbers of people hooking up to the Internet or even registering for a mobile phone line. So in that respect alone, there's still so much space to grow into and it's still not too late to buy into Bitcoin. It's incredible to think that still less than 0.5% of the population have Bitcoin, by the most optimistic estimates. And of those, I would say the large majority "own" coins but merely on exchanges like Coinbase.

It really is an amazing time to be around. $10k around the corner you say? A few months ago and I would be dismissing it. But after witnessing post 1 Aug? I have to reluctantly agree.

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August 14, 2017, 10:16:35 AM
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That prediction can really happen because as you said that the supply of bitcoin is only fixed for a certain amount, bitcoin will never get more supply in the future and as the years come then the demand will continue to grow and the supply will continue to become less and that is when the real effect will happen and the price of bitcoin will really explode in an unexpected price.
The bitcoins popularity now is very high that's why the bitcoin price now continues to make their all time high and can cause the bitcoin price become too high that can help more people to earn more profit in time

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August 14, 2017, 10:34:39 AM
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i think $50,000+ within 5 years is not possible at all but i agree if said in 10 - 20 years from now also 10 - 20 $ thousand possible as i predict  .

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August 14, 2017, 10:52:04 AM
 #18

i think $50,000+ within 5 years is not possible at all but i agree if said in 10 - 20 years from now also 10 - 20 $ thousand possible as i predict  .
I think it could have grow $1000 to $3000 every one year as i have estimated, but this is not yet certain because there's a volatility in it.

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August 14, 2017, 10:53:34 AM
 #19

My prediction: 1 milion in 3-5 years

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August 14, 2017, 10:55:48 AM
 #20

Bitcoin seem really strong at the moment, and this years increase in value has really blown my mind. With the amount of media attention bitcoin is getting these days, a lot of new investors are going to come aboard. I wouldn't be surprised if we see at least 8k before christmas. The momument it has got now is incredible.

The situation with North Korea and the tension in Asia is also a factor that is making prices go up, imo.

Where will it stop? Who knows, it is going to be a very exciting second half of 2017, that is for sure.
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