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Author Topic: I will not Die Untill Bitcoin will reach at Least 50K  (Read 50004 times)
Ronaldcoin2017
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November 15, 2017, 08:30:28 PM
 #901

$ 50,000 !!!, after Bitcoin is growing and growing in popularity,
I'm sure the governments of the world will set their own Bitcoin prices,
they will definitely limit the price of Bitcoin anyhow ...

It doesn't sound so crazy to me. If you think to the bitcoin price some years ago, it has already increased more than x6.
And now that everybody want to share this big cake Smiley

Bitcoin is independant, not sure to understand what you mean when you say government will ser their own prices
Well i agree on that but on my own openion we dont own our disteny if we die we really die i think the bitcoin will not reach 50k in a short period of time maybe it will run a decade to become 50k i think being overwelmed on what we are gaining today cannot help us to make this kind of crazy spectation i believe on my own way of observation and it well not be overpass with my desire we dont really own bitcoin price we dont know were it goes or how it will change.just keep calm .
syahril
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November 15, 2017, 08:31:59 PM
 #902

$ 50,000 !!!, after Bitcoin is growing and growing in popularity,
I'm sure the governments of the world will set their own Bitcoin prices,
they will definitely limit the price of Bitcoin anyhow ...

If the price of Bitcoin reaches 20 k $ means, many government start to control the Bitcoin at any cost.But the fact is its not possible at all.After reach of 20k$, the price of Bitcoin will slowly increase.Even it takes decades to happen.

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November 17, 2017, 03:44:51 AM
 #903

 i coule not imagine that bitcoin can reach at least 50k. but i hope that in a few years that all of the people known about bitcoin. that bitcoin could rise in a high value price. that bitcoin can have a good value and good profit to all investors around the world.

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undeadbitcoiner (OP)
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November 17, 2017, 03:58:41 AM
 #904

Thanks to all my friends being interesting with my post and happy to see comments, I have few new details just wanted to add not only me there are several Crazy people in the world who actually believe in bitcoin and think BTC will be over 50K, and not only over 50K they have plans to hold till BTC will be 200K,

A new report published today by LendEDU – which has conducted several similar studies in the past year – details the responses from 564 poll-takers. Of those, roughly 40% of participants said that they invested in bitcoin because they believe it is "a world changing technology."

Twenty-one percent of those involved say its because bitcoin is "a long term store of value, like gold or silver", with roughly 15% of those saying they bought in because a friend or family member recommended it. Those who said they think the price is "too low" accounted for 14% of respondents, while just 8% said they planned to use bitcoin as a payment method.

Notably, the survey also asked at which price participants would choose to sell their holdings. Perhaps unsurprisingly, the average of the amounts cited came out to a whopping $196,165.79 per bitcoin. Bitcoin is currently trading at around $7,680, according to the CoinDesk Bitcoin Price Index (BPI).

Bitcoin price Movement is normal because its a Global Currency, BTC price movement won't stop unti 30-50K after that there will be a stable price for long run but again Price Movement will never stop either i live or DIE

Thanks to everyone again and will love to see and read your opinions and comments.

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November 17, 2017, 05:16:32 AM
 #905

$ 50,000 !!!, after Bitcoin is growing and growing in popularity,
I'm sure the governments of the world will set their own Bitcoin prices,
they will definitely limit the price of Bitcoin anyhow ...

It doesn't sound so crazy to me. If you think to the bitcoin price some years ago, it has already increased more than x6.
And now that everybody want to share this big cake Smiley

Bitcoin is independant, not sure to understand what you mean when you say government will ser their own prices

Bitcoin is consistently increasing and this $50000 price is not a far fetched dream as it already proves itself how big and powerful it is. And nothing constant here as so the price and day by day it's gaining more attention and dominating the fiat currency.
Bitcoin started from nothing but a scratch and now worth more than a gold and that's a thing to pounder.

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Thunderlizard
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November 17, 2017, 07:41:43 PM
 #906

I do not know if it is a smart thing to do because if bitcoin reaches that price who would be able to buy it nobody and i do not think that rich people will buy it because even they know that they can only sell it to other rich people.
Trearvin
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November 17, 2017, 07:53:27 PM
 #907

$ 50,000 !!!, after Bitcoin is growing and growing in popularity,
I'm sure the governments of the world will set their own Bitcoin prices,
they will definitely limit the price of Bitcoin anyhow ...

The governments have to do some price regulations with BTC, other-vice they will lose control over the money and cash flows inside the country.
Fr0styFIedgIing
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November 18, 2017, 04:48:38 PM
 #908

First time ive checked out EtherDelta.Whats the story using the crossed-marketplace, around the order book?
PORN_coin
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November 18, 2017, 04:49:34 PM
 #909

this could well happen
why not
ToyotaFortuner
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November 18, 2017, 04:51:20 PM
 #910

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

the truth is that it could happen if you look at the graphic from the beginning of bitcoin in creating its very cheap price in 2009 and now in 2017 the price is very crazy and very expensive, so if bitcoin reaches $ 50k it could happen because the demand of bitcoin is very high as the trigger.
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November 18, 2017, 05:18:40 PM
 #911

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

do not panic easily, playing digital currency like bitcoin is the key is patient, the price of $ 50k could happen and it's easy if everyone knows the benefits of having bitcoin like what then everyone will want to have bitcoin and as a trigger rise in bitcoin price going to price of $ 50K.
undeadbitcoiner (OP)
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November 20, 2017, 02:16:14 PM
 #912

Some Updates are made please do read First Article, I will be keep updating and hope you will enjoy my updates as well as updates and upgoing real time price of Bitcoin and real time Success and growth of Bitcoin.

Pettuh4
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November 20, 2017, 11:13:56 PM
 #913

Some Updates are made please do read First Article, I will be keep updating and hope you will enjoy my updates as well as updates and upgoing real time price of Bitcoin and real time Success and growth of Bitcoin.

Sure 50k$ is quite achievable now that we are gearing towards 10k$ and if we are to going in terms of percentage from last year then it will make sense to say we will even reach that value some time next year. I am optimistic but a realist as well and so i will take my time to invest and wait.
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November 21, 2017, 12:39:58 PM
 #914

Some Updates are made please do read First Article, I will be keep updating and hope you will enjoy my updates as well as updates and upgoing real time price of Bitcoin and real time Success and growth of Bitcoin.

Sure 50k$ is quite achievable now that we are gearing towards 10k$ and if we are to going in terms of percentage from last year then it will make sense to say we will even reach that value some time next year. I am optimistic but a realist as well and so i will take my time to invest and wait.

I think that's what all of us long time.btc users are planning to do. It may not be that significant for people who just entered btc today but seeing the progress it took, i'm beginning to feel that 50k isn't an impossible target in 3-4 years.

 
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November 21, 2017, 10:23:47 PM
 #915

I am not a Writer so there will be lots of mistakes in my writing methods but i can promises you writing method could be mistake but predictions not, I have a long run in Bitcoin and some Alts, I have seen Bitcoin and Believed in Bitcoin from its 10$ price and Still alive to see all time High 8K (Nov 20, 2017) also, In my point of view (I use to create my views with News and upgoing BTC network) BTC will reach 98K or much more than my expectation very soon and this article is about that.

Before going anywhere further lets start from Bitcoin's startup and early times
According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007. While he is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person.
Bitcoin.org is born!
I've been working on a new electronic cash system that's fully
peer-to-peer, with no trusted third party.

The domain was registered at anonymousspeech.com, a site that allows users to anonymously register domain names and currently accepts Bitcoins.
Nakamoto publishes a design paper through a metzdowd.com cryptography mailing list that describes the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied. Block 0, the genesis block, is established at 18:15:05 GMT. Version 0.1 of Bitcoin is released. Compiled with Microsoft Visual Studio for Windows, it lacks a command line interface and is so complete that it furthers speculation that it was developed by more than one person, The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic activist. Bitcoin mining normally stayed in Solo Mining and in Sep 18, 2010 Bitcoin Pooled Mining (operated by slush), a method by which several users work collectively to mine Bitcoins and share in the benefits, mines its first block. December 9, 2010 Mining Difficulty increases The generation difficulty exceeds 10,000

Problems
The Financial Action Task Force, an inter-governmental group that develops and promotes policies to prevent money laundering and funding of terrorists, publishes Money Laundering Using New Payment Methods, to warn about the use of digital currencies to finance terrorist groups.
Silk Road, a Bitcoin marketplace, launches an illicit marketplace for drug deals, called the eBay for drugs Helped for price increase in a short term but was bad for long term Bitcoin Future.

Bitcoin Exchange Rate while Established
New Liberty Standard publishes a Bitcoin exchange rate that establishes the value of a Bitcoin at US$1 = 1,309.03 BTC (As of Oct 5, 2009) which amount of Bitcoin's value as of Oct 5, 2017 is $5,590,251.88 and Today's value as of Nov 20, 2017 is $10,681,665.16, Price as of Oct 5, 2009 was established using an equation that includes the cost of electricity to run a computer that generated Bitcoins. Nov 6, 2010 Calculated by multiplying the number of Bitcoins in circulation by the last trade on MtGox, the Bitcoin economy exceeds US$1 million. The price on MtGox reached US$0.50/BTC.
An Australian member of the Bitcoin Forum attempts to sell his 1984 Celica Supra for 3000 BTC, and becomes the first person to offer a vehicle in exchange for Bitcoins.
June 2, 2011 At MtGox, the exchange rate touches US$10 per BTC. The Bitcoin generation difficulty surpasses 100,000. and ATH created The price of a Bitcoin on MtGox reaches an all-time high of US$31.91 with a market capitalization of around US$206 million on June 8, 2011 exactly after 6 days when Bitcoin Touched $10

May 22, 2010 when 10,000 BTC spent on pizza which Pizza's Today's price is $81,599,850.00 as of Nov 20, 2017
The first, real-world transaction using Bitcoins takes place when a Jacksonville, Florida programmer, Laszlo Hanyecz, offers to pay 10,000 Bitcoins for a pizza on the Bitcoin Forum. At the time, the exchange rate put the purchase price for the pizza at around US$25.
After Pizza transaction and exchange Bitcoin started being popular in few handful people and Over a five day period beginning on July 12, the exchange value of Bitcoin increases ten times from US$0.008/BTC to US$0.080/BTC. July 17 The MtGox Bitcoin currency exchange market is established by Jed McCaleb.

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$.

New Investment in Bitcoins
There are many Bitcoin supporters who believe that digital currency is the future and the only Global Currency. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. Although it is not itself any backed by any government or central bank, bitcoin can be exchanged for traditional currencies; in fact, its exchange rate against the dollar attracts potential investors and traders interested in currency plays. Indeed, one of the primary reasons for the growth of digital currencies like Bitcoin is that they can act as an alternative to national fiat money and traditional commodities like gold.

In March 2014, the IRS stated that all virtual currencies, including bitcoins will be recognized as Asset, would be taxed as property rather than currency. Gains or losses from bitcoins held as capital will be realized as capital gains or losses, while bitcoins held as inventory will incur ordinary gains or losses.

Some Other Important Price Prediction
In the past three years, Bitcoin price has increased exponentially, surging by 0.09, 0.22 and 0.66 percent in 2015, 2016 and 2017 respectively on a daily basis. In 2017, Bitcoin price increased by 0.66 percent on a daily basis, as Bitcoin price surged from $980 to $2750 within a six-month period.

If Bitcoin daily gain since 2010 is considered, by 2020, Bitcoin price should reach $250,000. This, of course, assumes that Bitcoin price will increase at an average rate of 0.42 percent on a daily basis, if the seven-year trend of Bitcoin price continues, Bitcoin will be valued at around $250,000 by 2020.

Bitcoin’s value cannot be predicted based on a linear calculation and graph. Bitcoin’s growth in terms of user base and market cap is exponential and because of it, Bitcoin price can’t be calculated with one certain formula.

After the activation of the Segwit protocol and testing of the Lightning Network, the Bitcoin market has been on a steady rise to reach $80 billion market cap. Presently, the market capitalization of Bitcoin stands at almost 50% of the entire crypto market. In addition, it has exceeded the 1% of gold’s estimated $7 trillion market cap. Due to the limited supply, people will start to realize that they might miss out of the opportunity to mine/own Bitcoin has the price will go up in a rapid way. In case the price will rise at the same pace as right now, Bitcoin price by 2020 will reach $20,000, according to the market experts’ opinion.

Last All time high price Edit on: Nov 2017
 

Will this words ,is only a figure of speech about of bitcoins fanatic,and delusional word of a writter  who having express his feeling or aims about the bitcoin in the future.maybe soon the bitcoon will reach its value into $50M,but we cannot predict the year and time when its happen,and if that time happen thats your  reach your aims about bitcoin.

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November 21, 2017, 11:26:09 PM
 #916

Not entirely out of the realm of possibilities given the current trend.
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November 23, 2017, 08:08:13 AM
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I am not a Writer so there will be lots of mistakes in my writing methods but i can promises you writing method could be mistake but predictions not, I have a long run in Bitcoin and some Alts, I have seen Bitcoin and Believed in Bitcoin from its 10$ price and Still alive to see all time High 8K (Nov 20, 2017) also, In my point of view (I use to create my views with News and upgoing BTC network) BTC will reach 98K or much more than my expectation very soon and this article is about that.

Before going anywhere further lets start from Bitcoin's startup and early times
According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007. While he is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person.
Bitcoin.org is born!
I've been working on a new electronic cash system that's fully
peer-to-peer, with no trusted third party.

The domain was registered at anonymousspeech.com, a site that allows users to anonymously register domain names and currently accepts Bitcoins.
Nakamoto publishes a design paper through a metzdowd.com cryptography mailing list that describes the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied. Block 0, the genesis block, is established at 18:15:05 GMT. Version 0.1 of Bitcoin is released. Compiled with Microsoft Visual Studio for Windows, it lacks a command line interface and is so complete that it furthers speculation that it was developed by more than one person, The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic activist. Bitcoin mining normally stayed in Solo Mining and in Sep 18, 2010 Bitcoin Pooled Mining (operated by slush), a method by which several users work collectively to mine Bitcoins and share in the benefits, mines its first block. December 9, 2010 Mining Difficulty increases The generation difficulty exceeds 10,000

Problems
The Financial Action Task Force, an inter-governmental group that develops and promotes policies to prevent money laundering and funding of terrorists, publishes Money Laundering Using New Payment Methods, to warn about the use of digital currencies to finance terrorist groups.
Silk Road, a Bitcoin marketplace, launches an illicit marketplace for drug deals, called the eBay for drugs Helped for price increase in a short term but was bad for long term Bitcoin Future.

Bitcoin Exchange Rate while Established
New Liberty Standard publishes a Bitcoin exchange rate that establishes the value of a Bitcoin at US$1 = 1,309.03 BTC (As of Oct 5, 2009) which amount of Bitcoin's value as of Oct 5, 2017 is $5,590,251.88 and Today's value as of Nov 20, 2017 is $10,681,665.16, Price as of Oct 5, 2009 was established using an equation that includes the cost of electricity to run a computer that generated Bitcoins. Nov 6, 2010 Calculated by multiplying the number of Bitcoins in circulation by the last trade on MtGox, the Bitcoin economy exceeds US$1 million. The price on MtGox reached US$0.50/BTC.
An Australian member of the Bitcoin Forum attempts to sell his 1984 Celica Supra for 3000 BTC, and becomes the first person to offer a vehicle in exchange for Bitcoins.
June 2, 2011 At MtGox, the exchange rate touches US$10 per BTC. The Bitcoin generation difficulty surpasses 100,000. and ATH created The price of a Bitcoin on MtGox reaches an all-time high of US$31.91 with a market capitalization of around US$206 million on June 8, 2011 exactly after 6 days when Bitcoin Touched $10

May 22, 2010 when 10,000 BTC spent on pizza which Pizza's Today's price is $81,599,850.00 as of Nov 20, 2017
The first, real-world transaction using Bitcoins takes place when a Jacksonville, Florida programmer, Laszlo Hanyecz, offers to pay 10,000 Bitcoins for a pizza on the Bitcoin Forum. At the time, the exchange rate put the purchase price for the pizza at around US$25.
After Pizza transaction and exchange Bitcoin started being popular in few handful people and Over a five day period beginning on July 12, the exchange value of Bitcoin increases ten times from US$0.008/BTC to US$0.080/BTC. July 17 The MtGox Bitcoin currency exchange market is established by Jed McCaleb.

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$.

New Investment in Bitcoins
There are many Bitcoin supporters who believe that digital currency is the future and the only Global Currency. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. Although it is not itself any backed by any government or central bank, bitcoin can be exchanged for traditional currencies; in fact, its exchange rate against the dollar attracts potential investors and traders interested in currency plays. Indeed, one of the primary reasons for the growth of digital currencies like Bitcoin is that they can act as an alternative to national fiat money and traditional commodities like gold.

In March 2014, the IRS stated that all virtual currencies, including bitcoins will be recognized as Asset, would be taxed as property rather than currency. Gains or losses from bitcoins held as capital will be realized as capital gains or losses, while bitcoins held as inventory will incur ordinary gains or losses.

Some Other Important Price Prediction
In the past three years, Bitcoin price has increased exponentially, surging by 0.09, 0.22 and 0.66 percent in 2015, 2016 and 2017 respectively on a daily basis. In 2017, Bitcoin price increased by 0.66 percent on a daily basis, as Bitcoin price surged from $980 to $2750 within a six-month period.

If Bitcoin daily gain since 2010 is considered, by 2020, Bitcoin price should reach $250,000. This, of course, assumes that Bitcoin price will increase at an average rate of 0.42 percent on a daily basis, if the seven-year trend of Bitcoin price continues, Bitcoin will be valued at around $250,000 by 2020.

Bitcoin’s value cannot be predicted based on a linear calculation and graph. Bitcoin’s growth in terms of user base and market cap is exponential and because of it, Bitcoin price can’t be calculated with one certain formula.

After the activation of the Segwit protocol and testing of the Lightning Network, the Bitcoin market has been on a steady rise to reach $80 billion market cap. Presently, the market capitalization of Bitcoin stands at almost 50% of the entire crypto market. In addition, it has exceeded the 1% of gold’s estimated $7 trillion market cap. Due to the limited supply, people will start to realize that they might miss out of the opportunity to mine/own Bitcoin has the price will go up in a rapid way. In case the price will rise at the same pace as right now, Bitcoin price by 2020 will reach $20,000, according to the market experts’ opinion.

Last All time high price Edit on: Nov 2017
Bitcoin is a very great idea and has made a great influence on the world’s population. It has proved itself right from when it was created. It keeps on growing as demand is always increasing and supply is constant like 21 million only. This will help bitcoin to always increase its value for the people as the demand will keep on increasing and new people will keep on joining the bitcoin community and use it.

I think it’s the biggest loss to sell all your bitcoin now by getting afraid of a downfall as also if a downfall happens bitcoin will surely recover it as it has done before and profit is fix.
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November 23, 2017, 08:10:28 AM
 #918

if you have a lot of extra money and will wait  your dream will be real
I will save as much bitcoin as i can to become rich with you guys. Smiley

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November 24, 2017, 03:09:39 AM
 #919

$ 50,000 !!!, after Bitcoin is growing and growing in popularity,
I'm sure the governments of the world will set their own Bitcoin prices,
they will definitely limit the price of Bitcoin anyhow ...

It doesn't sound so crazy to me. If you think to the bitcoin price some years ago, it has already increased more than x6.
And now that everybody want to share this big cake Smiley

Bitcoin is independant, not sure to understand what you mean when you say government will ser their own prices
If someone had asked me this question at the beginning of the year I would have thought that it will take bitcoin several decades to reach that point, but after the incredible growth in the price of bitcoin I think there is a chance that bitcoin reaches that price in the next decade and if big investors begin to put some money in bitcoin then we could reach that price a lot sooner.
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November 24, 2017, 03:33:49 AM
 #920

That's very likely to happen since bitcoin's market value is volatile in nature. There are many speculations that it bitcoin's price would reach hundreds of thousands in just a decade. And if that happens then i will having a wonderful life in my 40s. Smiley

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