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Author Topic: I will not Die Untill Bitcoin will reach at Least 50K  (Read 49237 times)
undeadbitcoiner
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Undeadbitcoiner Will not DIE until 1BTC=50K


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December 26, 2013, 06:46:55 AM
 #21

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.

I accept you, When all bitcoins will be mined that day 1 Satoshi will cost minimum 1$.

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Ducky1
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December 26, 2013, 07:44:20 AM
 #22

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

Famous last words? Smiley

My spreadsheet tells me that $50k / coin will be hit by the exponential trendline at 8.th of Juli 2016. But it might happen much sooner in a bubble (maybe December 2015)

(And if there is a new trendline starting late October 2013 - we will hit $50k coins in march or april 2014 [not very likely!])

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CoinCidental
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December 26, 2013, 07:50:25 AM
 #23

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.

maybe not "have" to buy in fractions but i think if the price ever goes up to $10k -100k per coin then the average user wiill not be buying full  btcs due to the price
a mbits system would be more appealing for new adopters too than a tiny fraction of a whole coin imo
its just psychological Smiley
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December 26, 2013, 07:20:57 PM
 #24

maybe not "have" to buy in fractions but i think if the price ever goes up to $10k -100k per coin then the average user wiill not be buying full  btcs due to the price
a mbits system would be more appealing for new adopters too than a tiny fraction of a whole coin imo
its just psychological Smiley

We are already there, posts on this site frequently mention getting in as an investor at less than a full BTC. I do think that moving trading platforms to quote in fractions of BTC is a smart marketing move, but not necessary.

I think BTC can easily pass the market cap of large cap stocks in 2014 (500 billion). This is the bubble investment opportunity of the last 1000 years. I seriously cringe that i didn't jump in two years ago when i read about it, but that is what it is.

My main concerns are alt coins, rich developers getting lazy and not progressing the protocol, government intervention.


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Valerian77
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December 26, 2013, 07:58:42 PM
 #25

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

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

That is the point. But these discussions on how fast the BTC price surges are getting boring ...

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December 26, 2013, 08:52:16 PM
 #26

Not so unbelievable, it only requires 50X more demand...
Or 50X less supply!

There better be 500,000,000,000 more demand if we switch to mBTC because guess what kids, Bitcoin is almost infinitely divisible.

Once you have an "infinite" amount of pieces of Bitcoin that the consumer public can acquire for buying and selling, the value goes wayyyyyyyyyyyyyyyyyyy down.

Endless supply.

Disclaimer:  I pray I'm wrong.

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December 26, 2013, 08:59:23 PM
 #27

Not so unbelievable, it only requires 50X more demand...
Or 50X less supply!

There better be 500,000,000,000 more demand if we switch to mBTC because guess what kids, Bitcoin is almost infinitely divisible.

Once you have an "infinite" amount of pieces of Bitcoin that the consumer public can acquire for buying and selling, the value goes wayyyyyyyyyyyyyyyyyyy down.

Endless supply.

Disclaimer:  I pray I'm wrong.

You could cut gold down to atoms, doesn't mean you have an endless supply of gold does it.
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December 26, 2013, 09:06:08 PM
 #28

Or maybe you being sarcastic ;-)
undeadbitcoiner
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Undeadbitcoiner Will not DIE until 1BTC=50K


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December 27, 2013, 12:17:40 AM
 #29

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

Famous last words? Smiley

My spreadsheet tells me that $50k / coin will be hit by the exponential trendline at 8.th of Juli 2016. But it might happen much sooner in a bubble (maybe December 2015)

(And if there is a new trendline starting late October 2013 - we will hit $50k coins in march or april 2014 [not very likely!])
+1
This is possible, 2013 was good year for Bitcoin and 2014 is going to be Better so Bitcoin demands are getting higher and supply are lower so b positive guys. We are sky rocketing.

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January 14, 2014, 11:23:18 PM
 #30

Ah, the cool $50k per Bitcoin.  Let's see what this means. 

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2014-2016 :   $180 million ($90 million if 50% sold)
2017-2020:   $90 million ($45 mil)
2021-2024:   $45 million ($22 mil)
etc.

So, if you are prepared to wait until 2020, good luck in finding that daily $45 million. (16$ billion in a year).

And before somebody says that miners don't need to sell 50% of their generated Bitcoins:  they do need to pay their electricity bills in other currencies, and in a steady state, I estimate that the average cost of each BTC for electricity will be 50% of their market value.






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November 01, 2014, 02:23:22 PM
 #31

Anyone who truly believes that bitcoin will increase 100x in 2015 should logically convert 90%+ of their assets into bitcoin (assuming they haven't already). Be interesting to know how many people have actually done that, as opposed to simply voting on a poll.

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November 02, 2014, 03:03:45 AM
 #32

Despite the thread being being posted a year ago, it's still interesting to read what people has to say. My only assertion here is that let's try to be realistic. Price which is too high is also bad for btc future

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November 02, 2014, 04:28:20 AM
 #33

Someday it might be considered wealthy to own a whole Bitcoin

Many people who didn't get on the train now  will be kicking themselves like the people know who
didn't buy any when they were less than 10usd
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November 02, 2014, 08:43:16 AM
 #34


SunBin
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November 02, 2014, 04:15:53 PM
 #35

Anyone who truly believes that bitcoin will increase 100x in 2015 should logically convert 90%+ of their assets into bitcoin (assuming they haven't already). Be interesting to know how many people have actually done that, as opposed to simply voting on a poll.

Risk management will stop people from doing that even if they are 99% convinced. Why risk what they have to gain what they do not need if one is already loaded.
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November 02, 2014, 05:08:44 PM
 #36

Ah, the cool $50k per Bitcoin.  Let's see what this means. 

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2014-2016 :   $180 million ($90 million if 50% sold)
2017-2020:   $90 million ($45 mil)
2021-2024:   $45 million ($22 mil)
etc.

So, if you are prepared to wait until 2020, good luck in finding that daily $45 million. (16$ billion in a year).

And before somebody says that miners don't need to sell 50% of their generated Bitcoins:  they do need to pay their electricity bills in other currencies, and in a steady state, I estimate that the average cost of each BTC for electricity will be 50% of their market value.









Be sure that if market cap will increase so much and there will be a great volume everyday around bitcoin market, 16$ billion for bitcoin it isn't a problem ! Consider that if we want to use bitcoin like a very currency, 16$ billion isn't the 0,000001% of global economy.

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November 02, 2014, 09:29:50 PM
 #37

Thats the spirit OP. We'll gonna make it to 300 years old.
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August 28, 2015, 03:44:37 PM
 #38

do not expect bitcoin can be up to 50k price, if it is still difficult to 10k
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August 28, 2015, 05:58:29 PM
 #39

Have a great spirit is good, but if have more and to be an optimistic is not good, how if the price is not reach 50k after all coins have been distributed? and wait until the year of 2142 is nonsense Cheesy
i'm sure if the price reach 10k or maybe less, there will be a big sell wall.
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August 28, 2015, 07:14:10 PM
 #40

While a price for bitcoin of 50k dollars sounds nice, the problem is, what will you be able to buy with those 50k? If you can only buy a cup of coffee with those 50k then it means that btc crashed, if btc reaches 100 dollars but you can buy a mansion then btc reevaluated itself.

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