What will it take for bitcoin to hit $50,000? And when will it happen?

[DaMut]

I think it's too much to ask. It can only be the case if bitcoin will continue to be used only for accumulation and speculation. But in this case I'm not sure that bitcoin will exist for a long time. It seems to me that only the use of bitcoin as means of payment might save him and us from collapse.

lol not only becuse of its use still save us from the collapese,
but because of its use why would we see this project last long and the price keep moving on.
Bitcoin is an asset that has its own usability compared to other,
other than that in other people view it's a form for a freedom in their financial because there're no authorities behind it.
if we're talking about the supply and common sense,i think it should be hit that point or even more.
but it's not easy in the reality due to volatility,
goverment trying to prevent their people to get into it because if something goes wrong,
their citizen and their investor will suffer because of it that is why they still not make any move wholly.

[bitcoin31]

For me possible to hit 50k dollars and I think that's highest price of the bitcoin. But we don't know when it happen maybe if happen after 1 decade . Because it takes few years before you reach that price. Maybe it not happen because we don't know what actually happen to bitcoin and maybe the price will decrease and not reach that. But I hope it wil reach that so we can make more profit.

[GreatOrchid]

It is impossible to know when it will really happening, but i am sure that it will take some time to reach that price, because it is a huge one.
And it makes me wonder how much time it can take to reach it, because it is just only x6 of the actual price, and if we talk about facts, bitcoin made more than x10 during this year, so it can easily reach that price by the end of 2018, or maybe on 2019.
but it is difficult to think about it, specially because we are talking about trillions of dollars in to the marketcap, because having a total marketcap of 20 billions is not the same as having one with 20 trillions.

[richardsNY]

For me possible to hit 50k dollars and I think that's highest price of the bitcoin.

If you think that's Bitcoin's highest price ever, you are pretty short sighted. If we look at what a little bit of adoption is doing with Bitcoin, and take into consideration that this will continue in the coming years, it's safe to say that $50,000 is nothing more than one of the many milestones we'll be reaching. And then I haven't even mentioned what impact institutional capital will have on Bitcoin. Institutions are on a completely different level in comparison to all the investors this market counts. It's bullish talk, I know, but I find it well justified with how this market has been moving forward.

[Parodium]

Bitcoin has now surged past $9,000, and seems to be maintaining around the high $8,000 mark. I predict a 4 fold increase by end of next year, get HODLING.

[musharaf]

As we are using bitcoin frequently then we know that a rapid increase in the price of bitcoin is now in the crypto market but if we look at the far future the bitcoin uses will more high the people are now increasingly involved in the crypto currencies they are buying this more that’s why the demand is high due to which we are saying that the price will rise more but if we think strategically that in the coming years may the whole world is in the favor of bitcoin and then the values will goes beyond $50000.