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Author Topic: I will not Die Untill Bitcoin will reach at Least 50K  (Read 41113 times)
undeadbitcoiner
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December 25, 2013, 08:05:36 PM
 #1

I am Not a Philosopher or a Writer
I have a long run in Bitcoin and some Alts,
I have seen Bitcoin since 10$ price and seen to all time High 3K (June 12, 2017) also,
In my point of view (I use to create my views with News and upgoing BTC network) BTC will reach 98K very soon and this article is about that.

Crash and Panic
A lot of people are worried about the fluctuation and selling there BTC on pressure But New Bit-coiners are doing so we must note that.
Serious and BTC believers are holding all the BTC they have. As few people are concentrate in News which are created by Centralized monetary system. We have to believe our self first that BTC and we Bit-coiners are decentralized, our market is global market Short-term actions of governments are not important, on a global scale they can't fight the inevitable. Regulations are as good against bitcoin as sandbags against tsunami.

We are sometime focusing in Chinese Government news at the mean time I am focusing in Chinese People. Did anyone think about that Chinese Government indirectly handled a lot of profit to Bitcoin? I think no or some yes. While Chinese government issued warning and ban the deposit in the mean time Chinese Community is more curious in investing in Bitcoin and they are searching some other option of Deposit so now see what, is it loss of bitcoin or its loss of Chinese Government? of course of Government its not just a Chinese production so we don't need to worry about anything or any single government, We are Global Ruled and not Ruled by one we are Ruled by Each of Us.

Bitcoin Price Moving up by 2014
The bitcoin price is the result of supply and demand for bitcoin. The more demand there is, the higher the price goes. The more supply there is, the lower the price, The supply side of bitcoin is fairly well known, even if we look into the future. Bitcoin supply growth will drop below 15% annually very soon and finally 21 million no more then that so supply side is always lower and demand side will be always higher.
China Warns on Bitcoin but Traders are still Legal to trade.
India Warns on Bitcoin but Traders are still Legal to trade.
Singapore Government will not interfere in Bitcoin.
More then 40% of American and 20+% Globally known Bitcoin in this small movement so expect 40% global population know about Bitcoin by 2014.
New Business adopting Bitcoin and even some third party transaction are helping people to transact with bitcoin in Amazon, E bay, Walmart and such web stores.
Overstock to come on Mid 2014 and Overstock CEO clearly described why (Patrick Byrne thinks bitcoin could be a helpful addition to the payment system and his company plans to accept the currency, You’re getting rid of the interchange fees. We’re paying credit card companies around 2%. For a company whose margin is 1%, picking up 2% on that is quite attractive)
Every day New Bitcoin Accepters are on the way Today you can buy almost everything from your Bitcoin House to Car and Grocery to Electronics so why not it will reach 50K? Bitcoin have that potential to reach until i will die and Bitcoin have that potential to grow that one day 1 Satoshi will count 100$.

Last All time high price Edit on: July 2017

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gamybtc
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December 25, 2013, 10:02:37 PM
 #2

I am sure they can never be $50k per 1 bitcoin. It is unbelievable.

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December 25, 2013, 10:41:51 PM
 #3

I am sure they can never be $50k per 1 bitcoin. It is unbelievable.

Definitely improbable in the short-term, but I see absolutely no reason why they absolutely could not be. We'd need prices like that to support larger volumes of commerce.

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December 25, 2013, 10:44:14 PM
 #4

If You wait 33 years maybe they will be worth 50K Cheesy I will wait too see You in 33 years Smiley

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undeadbitcoiner
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December 25, 2013, 11:30:21 PM
 #5

I am sure they can never be $50k per 1 bitcoin. It is unbelievable.

Of course it could be and may be you didnt read the topic clearly "Re: I will not Die Untill Bitcoin will reach at Least 50K" i am not saying that it will reach 50K by tomorrow or by next Year.

I am sure they can never be $50k per 1 bitcoin. It is unbelievable.
Definitely improbable in the short-term, but I see absolutely no reason why they absolutely could not be. We'd need prices like that to support larger volumes of commerce.

I agree improable in the short term. There are many reason price will rise upward each and everyday. Supply will be less and Demand will be high everyday, Slowly more merchandiser are inside bitcoin way so there are many reason to move up and no reason to go down.

If You wait 33 years maybe they will be worth 50K Cheesy I will wait too see You in 33 years Smiley

I will

Thanks All for views, will add more about why its actually going that up

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December 25, 2013, 11:36:55 PM
 #6

I would bet that $50K/BTC will be after 2 reward-per-block halvings (~2020 year).
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December 25, 2013, 11:37:03 PM
 #7

I am sure they can never be $50k per 1 bitcoin. It is unbelievable.

50X increase from 1000USD?

Not so unbelievable, it only requires 50X more demand...

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December 25, 2013, 11:37:31 PM
 #8

Not so unbelievable, it only requires 50X more demand...
Or 50X less supply!
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December 25, 2013, 11:39:17 PM
 #9

Mhh I think $10 to $1300 is much more doable than $1300 to $50k.
Not that this will absolutely not happen, eventually it will with time but it's a very long run!

I would bet that $50K/BTC will be after 2 reward-per-block halvings (~2020 year).

Probably we will see the biggest jump around that period.
With new ASICs coming to the market it could be very soon

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December 25, 2013, 11:53:43 PM
 #10

it needs to change to mbits of something smaller because its a bit of a mess
and new users will struggle to equate value of a payment like 0.0035 to buy a coffee that costs  $2.50 in  fiat

a whole  bitcoin will soon be out of reach for many people and the decimal point placement
is a bit tricky if we dont start using mbits or ubits etc


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December 26, 2013, 12:10:24 AM
 #11

it needs to change to mbits of something smaller because its a bit of a mess
and new users will struggle to equate value of a payment like 0.0035 to buy a coffee that costs  $2.50 in  fiat

a whole  bitcoin will soon be out of reach for many people and the decimal point placement
is a bit tricky if we dont start using mbits or ubits etc



The problem of decimals is fixed pretty well via punctuation that for some reason isn't standard (IE: 0.013,275,0 BTC is easier to make sense of than 0.0132750 BTC at a glance). On the other hand, I feel that we should switch to mBTC simply because many people don't initially understand the concept of divisibility. While it can be argued any new user should understand how the currency works, nobody in the general public really gives that much of a hoot and you know it Tongue

undeadbitcoiner
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December 26, 2013, 12:21:10 AM
 #12

I am sure they can never be $50k per 1 bitcoin. It is unbelievable.

50X increase from 1000USD?

Not so unbelievable, it only requires 50X more demand...

Absolutly, We traveled from 3 Cents to 1300$ since late 2008 (Since Satoshi's first Block) its just 5 years and today we are in 1K which is 1000 s times so nothing is hard in bitcoin world,

recent happy news is Btc China got good deposit option

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December 26, 2013, 12:37:24 AM
 #13

it needs to change to mbits of something smaller because its a bit of a mess
and new users will struggle to equate value of a payment like 0.0035 to buy a coffee that costs  $2.50 in  fiat

a whole  bitcoin will soon be out of reach for many people and the decimal point placement
is a bit tricky if we dont start using mbits or ubits etc



The problem of decimals is fixed pretty well via punctuation that for some reason isn't standard (IE: 0.013,275,0 BTC is easier to make sense of than 0.0132750 BTC at a glance). On the other hand, I feel that we should switch to mBTC simply because many people don't initially understand the concept of divisibility. While it can be argued any new user should understand how the currency works, nobody in the general public really gives that much of a hoot and you know it Tongue

a $5 sandwich costs 0.00703125 BTC  at current gox rates Smiley (not including the tx fee )

 its going to get worse as coins get more valuable and we have to go further back
past the decimal point to pay  for small  items  

its only a matter of time before coins will have to be sold in fractions as well because buying
a whole coin when the price reaches    $10,000 will be  too expenisve for the average user





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December 26, 2013, 12:44:20 AM
 #14

I am sure they can never be $50k per 1 bitcoin. It is unbelievable.

50X increase from 1000USD?

Not so unbelievable, it only requires 50X more demand...

Absolutly, We traveled from 3 Cents to 1300$ since late 2008 (Since Satoshi's first Block) its just 5 years and today we are in 1K which is 1000 s times so nothing is hard in bitcoin world,

recent happy news is Btc China got good deposit option


At the beginning of 2013 people didn't think it would hit $100 let alone $1000. Shoot, dollar parity was even a big deal. 
:-)
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December 26, 2013, 02:15:06 AM
 #15

I am sure they can never be $50k per 1 bitcoin. It is unbelievable.

50X increase from 1000USD?

Not so unbelievable, it only requires 50X more demand...

Absolutly, We traveled from 3 Cents to 1300$ since late 2008 (Since Satoshi's first Block) its just 5 years and today we are in 1K which is 1000 s times so nothing is hard in bitcoin world,

recent happy news is Btc China got good deposit option


At the beginning of 2013 people didn't think it would hit $100 let alone $1000. Shoot, dollar parity was even a big deal. 
:-)

+1


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black_swan
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December 26, 2013, 02:45:22 AM
 #16

I am on your side my friend all the way to 50k. We went up so much this year and if you look at the current infrastructure is quite poor, imagine if we have proper services, non shady exchanges and mass adoption.
I think BTC can still be used to trade and for large sums, mBTC for every day use, they can coexist

calian
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December 26, 2013, 03:05:36 AM
 #17

it needs to change to mbits of something smaller because its a bit of a mess
and new users will struggle to equate value of a payment like 0.0035 to buy a coffee that costs  $2.50 in  fiat



What fraction of an ounce of gold does the coffee cost? Bitcoin isn't really for day to day transactions. It's a store of value and hopefully a means of global trade. Using mBTC and uBTC with off chain transactions might allow consumer use and even micro payments but those aren't where the really big valuations will come from.
CoinCidental
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December 26, 2013, 04:01:29 AM
 #18

it needs to change to mbits of something smaller because its a bit of a mess
and new users will struggle to equate value of a payment like 0.0035 to buy a coffee that costs  $2.50 in  fiat



What fraction of an ounce of gold does the coffee cost? Bitcoin isn't really for day to day transactions. It's a store of value and hopefully a means of global trade. Using mBTC and uBTC with off chain transactions might allow consumer use and even micro payments but those aren't where the really big valuations will come from.

i think btc has the flexibility to be used for big and small payments ,unlike  a gold bar  btc is  easily divisible ,
as soon as more merchants  start accepting it scanning a qr code from your mobile wallet to pay  0.0035125BTC will
be as simple as using regular cash to buy a coffee

of course its a great store of value as well and "be your own bank" is cool  but i like paying for things in btc whenever i get  the chance to spend some ,more spending and less hoarding will help distribute the btc network more widely too so its a win /win situation as soon as more merchants get on board ,hopefully someone massive like amazon etc Smiley


DEEPONION IS JUST  A SPAMMERS CAMPAIGN **not a real AIRDROP**
ISAWHIM
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December 26, 2013, 04:59:42 AM
 #19

Regulations are as good against bitcoin as sandbags against tsunami.

This needs to be a historic quote for bitcoins, somewhere in a WiKi... Love it.
ISAWHIM
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December 26, 2013, 05:05:12 AM
 #20

its only a matter of time before coins will have to be sold in fractions as well because buying
a whole coin when the price reaches    $10,000 will be  too expenisve for the average user

Why would you HAVE to buy a whole BTC? That isn't a limit or restriction.

You can always buy a $1 worth of bitcoin for a $1, even when BTC reaches $100,000,000.00 per BTC, that would be 0.00000001 BTC. (I believe I did that math right... $1.00/USD * 0.00000001BTC/USD = $100,000,000.00/BTC)

By that time, a dollar will only be worth a penny, and the "Dollar Menu" at McDonalds will be the "Hundred-Dollar Menu". That, or the "0.00000100BTC Menu"...

If you want to feel more rich, you buy LTC or one of the hundred other alt-coins instead. That, or keep using FIAT. But 1 BTC will fit in your pocket easier.
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