Bitcoin 5 years from now

[Beliathon]

Tbh does anyone feel like bitcoin has too much competition and the world is against it? I bought bitcoin when it was 250 and sold when it hit 900 before hitting all time highs @ 1200. I kinda want to get back into the game but idk if its lost its momentum.

We're in cryptocurrency for the different reasons, month-trader. For me it's not about profit, it's about changing the world.

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[Mikerogers]

Tbh does anyone feel like bitcoin has too much competition and the world is against it? I bought bitcoin when it was 250 and sold when it hit 900 before hitting all time highs @ 1200. I kinda want to get back into the game but idk if its lost its momentum.

We're in cryptocurrency for the different reasons, month-trader. For me it's not about profit, it's about changing the world.

Interesting way of looking at it

[g4c]

@Mikerogers

Here's a log chart showing existing bitstamp price history with a logarithmic scale.

The corrections after rallies are the blue triangles.

[kodtycoon]

Bitcoin 5 years from now...Let me look into the future on my crystal time seeing Orb.

I see...I see many people turning..turning against Bitcoin! There will be a revolution!
Bitcoin will be overthrown by the hands that dealt it up.....

I also see..the masses will turn to Polycoin! Polycoin will rule over all cryptos!
The whole world will adopt Polycoin..

This..This is what I see.

Honestly I see Bitcoin as the leader, if it falls I dont see any other currencies taking its place unless they have some special feature BTC doesnt

nxt enters stage left... http://www.reddit.com/r/CryptoCurrency/comments/215sn9/go_ahead_and_test_the_nxtasset_exchange_on_the/

[kodtycoon]

@Mikerogers

Here's a log chart showing existing bitstamp price history with a logarithmic scale.

The corrections after rallies are the blue triangles.

where did you find that chart?? you are after fully confirming my thought that btc will climb considerably in the coming months!

[bitcoinbranches]

We're in for a wild ride and nobody knows for sure what will happen, but that's part of the appeal.

[g4c]

...
where did you find that chart?? you are after fully confirming my thought that btc will climb considerably in the coming months!

The original chart is bitstamp exchange data with log y-scale:
http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zl

You may also like this one.

It answers OPs question "Bitcoin 5 years from now?"

[kodtycoon]

right ok.. lol so anyone that owns one bitcoin will be a millionaire??? lol i seriously hope your right! :L

[g4c]

right ok.. lol so anyone that owns one bitcoin will be a millionaire??? lol i seriously hope your right! :L

1 bitcoin will be worth 100 million.

You'll only need 0.01 to be a millionaire.

but it's only a joke graphic.

[killinitsoftly]

@Mikerogers

Here's a log chart showing existing bitstamp price history with a logarithmic scale.

The corrections after rallies are the blue triangles.

where did you find that chart?? you are after fully confirming my thought that btc will climb considerably in the coming months!

This is a really promising chart. 

[kodtycoon]

considering that there is still very few places that accept bitcoin.. once every shop in the developed world accept btc.. we could be talking serious money here!

[Mikerogers]

But will every shop in the world accept it? I mean I heard people buying tesla cars with merchants with bitcoin but I dont see it going too global. Not to be pessimistic but aren't the majority of countries against it? I just hope Bitcoin will stop getting trashed on by high lvl govt officials and be left alone for people to decide its value. But back to my main message, I noticed the author on Panture.com (look at my first link) citing market cap as a problem. I never heard of this as a problem and it is weird that it has been suggested. Any thoughts on that? (I never heard of a market cap posing as a prob for anything)

[jabo38]

I think it will be an older, slower, but still relevant "gold standard" in the new wave of financial platforms.  It will still be accepted, but will be kept more as reserves, and the 2.0 platforms will be where the full potential of bitcoin is actually realized.  Not only that, but I think this will be evident in 1-2 years, not 5. 

[berone]

bitcoin is a revolution, but it is only a start. Its features make it not to be the future payment. But it is a pioneer. And it means a lot to the community. There are so many alternative cryptocurrencies, but most of them are shit and will die or have died. Bitcoin will exist and valuable for ever. Bitcoin is the first in history. The future payment are coming, i think, it won't be long.
I think $500 is pretty much the bottom. Good time to buy.

[Arbitrageur]

looks like 350$ is the next target here.

[JunkieMiner]

I feel like bitcoin is still unknown in the vast part of the world.

[RawDog]

still unknown in the vast part of the world.

Where is that part of the world?

[cerberre]

I feel like bitcoin is still unknown in the vast part of the world.

look at this :

coinmap.org

[kodtycoon]

still unknown in the vast part of the world.

Where is that part of the world?

il only say bitcoin is mainstream when i can go to my local town and buy stuff with it.. small town bout 10k people back ares of ireland.. by the time it reaches here.. its mainstream.. this part of the western world is only one step ahead of a 3rd world country lol

[khjghki44f]

Now the amount of currency market is not very good, if you have a lot of BTC that quickly sold.