gredisgold88
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August 21, 2017, 11:15:40 PM Last edit: September 05, 2017, 05:10:51 PM by gredisgold88 |
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Nothing is impossible, all can happen ? But if bitcoin has a price of more than 50k $ there is a new perspective, whether the circulation of bitcoin is still large or there is a large-scale stockpiling, very dangerous ! if the bitcoin who initially every day have sales and Purchase more 100000 bitcoin what if the price becomes $ 50000? , Is it still the same? , Very worrying if bitcoin has a very expensive price. 21 million bitcoin = 50 k $. WOW! ,because Bitcoin prices is not 21 million bitcoins have the same price, but there is demand and sale in exchange market with some bitcoin.
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batang_bitcoin
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August 21, 2017, 11:17:01 PM |
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I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.
There will be certain people who will buy bitcoins at that time. The cycle will just go on and will happen repetitively,arbitrage and sort of the same strategy by the traders. Holding bitcoin is normal as it's reducing the supply of bitcoin that makes the demand and price higher. And all of us will sell at that rate, we 'll see bitcoin's price on a bullish down.
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jerowacik
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August 21, 2017, 11:19:32 PM |
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I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.
This could happen and I'm sure there will be plenty of enthusiasts who want bitcoin. Bitcoin prices are only hundreds of dollars and currently have reached 4,000 dollars. So it is not impossible that bitcoin prices will reach 50K USD and bitcoin enthusiasts will remain a lot. The demand for bitcoin is higher because now bitcoin is becoming widely known.
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gentlemand
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August 21, 2017, 11:20:08 PM |
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IMHO, the issue with a 50K bitcoin, is there is not much room left for growth and profit. Even if we can buy fractions of a BTC, it would be very hard or long to make some profit from it.
At that price level it's moved out of speculation and into genuine investment/hedging, at least I hope it does. If it reaches 50k by this Christmas then the aftermath would not be a pretty sight. People don't buy into Apple shares or gold for 200% gains in a year. They're looking to preserve and increase their wealth, not bet it. You can certainly be sure that there'll still be a mushrooming alt scene filled with rubbish for those silly gains and losses.
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machinek20
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August 21, 2017, 11:26:57 PM |
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As long as the price still can go up, there will be people buy bitcoin, they dont need to buy 1 bitcoin, they can buy the fraction, so it doesnt really matter how much is the price, as long as it is still profitable and usable, people will still buy bitcoin
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TolegRus
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August 21, 2017, 11:28:00 PM |
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Bitcoin quantity is limited anyway, so any limited thing, that market demands, get higher prices. 50k looks not so bad
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aryaadikariyansyahsuwarto
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August 21, 2017, 11:34:34 PM |
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I think the person who holds the btc is because maybe he will wait for the price to go up again, whereas for me, if btc has reached 50K, I will sell some, and some of them I will invest it. thank you
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CyberKuro
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August 21, 2017, 11:43:39 PM |
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You can always buy small pieces of BTC.If it gets that much buyers will have to buy like 0,0001 BTC or something and todays whales will be millionare and probably cash out. Yes it can be, even though bitcoin reach $100K, people could buy small pieces of bitcoin depend on how much money they want to spend. Why not? People willing to buy bitcoin because its value keep growing over time and it has real usability, being used as an alternative currency and may become major currency in the future, who knows. At least, people should know that bitcoin offers many benefits than just hold fiat currency for mid or long term.
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yugyug
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August 21, 2017, 11:46:56 PM |
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this is where the confusion goes, they try to compare it from buying shares from stock market where buying shares has a minimum quantity requirement unlike buying BTC does not meant 1 BTC is 1 share. That's the uniqueness of BTC you can buy it by a fraction and it is scaled thru SATOSHI scaling where it is a hundred millionth of a fraction.so if you are worrying to buy a BTC like it is reach to 50k and your budget is just 5k, you can still buy a fraction of it like .1 BTC.
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d5000
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August 22, 2017, 12:01:23 AM |
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@gentlemand is right, it makes no sense to ask this question having a particular price in mind. The question, however, becomes interesting if we reformulate it: What will happen if Bitcoin's price reaches a "final state"?
For example: Let's assume that every single (adult) person on earth uses Bitcoin for a large part of its economic activity.
This could happen at a moment where the coin supply only grows in a very slow manner and so, overall, the system becomes deflationary (because of lost or forgotten private keys). That guarantees that there will be no rapid dilution of the supply.
However, that doesn't mean that there can't be a devaluation. The problem is that in this state, no one would invest in Bitcoin because he's thinking he could multiply his fortune (like it occurs now). So the buying pressure would be less, people a grosso modo would only buy BTC when they need them.
A black swan event, in this state - like the emergence of a superior technology - could drive the price rapidly down again, and that would possibly be catastrophic if many people would lose their savings.
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Pepito Manaloto
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August 22, 2017, 12:10:23 AM |
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I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.
It will be hard for investors but they may earn Bitcoin through campaigns which won't require a capital. But they may also invest and since the price is high, they will just buy a small amount and hold it until its price rises. It is thr same on holding 1 bitcoin at this moment, the difference is that, it will be hard to buy 1 BTC, most investors especially the small time investors will only buy .5 or something like that. Sellers don't need to sell their Bitcoin one at a time, it will depend on how much the buyer is capable of buying a certain amount.
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budiartha
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August 22, 2017, 12:57:29 AM |
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I think bitcoin to reach the $ 50K price is still far from predicted because for now the bitcoin position is still stable at $ 4K, and I personally invest bitcoin instead of targeting at a certain price but will sell when I need it and expect the price to rise from the current buy price of bitcoin. But if seen from this year's price increase don't close the possibility of 3 or 4 more years will touch the price of $ 50 K and I think many people who believe that bitcoin.
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DoublerHunter
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August 22, 2017, 06:50:39 AM |
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If the price will reach that 50,000 USD price then the people around the world who uses and still believes in bitcoin will still buy it because of the technology that inside of bitcoin and having a technology is not always about the price, it is about the things that we can get benefits and not the price that is whether going up or down. If you are a true technology geek then you will understand why bitcoin will never stop getting adopted by the countries even the price of it is already high.
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coleman268
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August 22, 2017, 06:57:58 AM |
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I think if BTC reaches 50k people will still buy it, and it'll be extremely mainstream by then where most places will accept BTC as payment. However I think at htat point people would start pricing things using satoshis instead of saying this pizza would cost 0.00008btc.
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cryptothreads
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August 22, 2017, 07:05:08 AM |
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If the price will reach that 50,000 USD price then the people around the world who uses and still believes in bitcoin will still buy it because of the technology that inside of bitcoin and having a technology is not always about the price, it is about the things that we can get benefits and not the price that is whether going up or down. If you are a true technology geek then you will understand why bitcoin will never stop getting adopted by the countries even the price of it is already high.
I agree with you . Bitcoin will gain a lot of trust if Bitcoin reaches $ 50000 but this will happen in 2040 because the Bitcoin market will now be very popular and everyone knows Bitcoin.
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SvenBomvolen
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August 22, 2017, 07:07:14 AM |
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Bitcoin's price is forming from moves of such simple holders like we are. If many people sell their founds the price is going down and opposite with buying. Today mostly the whales are regulating the price for Bitcoin due to they hold big numbers of coins. I may suppose that on such big prices the price for bitcoin is going to jump more activly, if now the price loses hundreds of dollars in the peak of big sale, in the moment of 50k$ price jumps can be from some thousands to some ten thousands. And here only traders are going to be in plus.
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audaciousbeing
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August 22, 2017, 07:08:15 AM |
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I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.
Your concern is very much valid and equally on point but you also should know that at this point that the price is still running into few thousands of dollars, it still not affordable for several people at the same time others are buying but Satoshi has made avenue for that too and that's why there are units in bitcoin where you can buy if you cannot afford a whole bitcoin.
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rikybrosh
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August 22, 2017, 07:10:31 AM |
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I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.
Friend, bitcoin can be divided into 8 decimal, if we don't have capital to buy 1 btc, we still can buy a few very worthy satoshi. It's simple.
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Sithara007
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August 22, 2017, 07:16:10 AM |
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If Bitcoin reach 50K, then most of the purchases will be made by the institutional investors and the hedge funds. And a lot of people, who purchased their coins when the price was $2,000 or $4,000 will be dumping them.
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miyong
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August 22, 2017, 07:18:15 AM |
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I cannot afford to buy 1btc but can eventually be afford to buy a portion of it when it reach @ $50,000. I will continue to buy and hoping to continue rise the price by that time to get a profit.
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