When will BTC reach $50,000?

[pinksheep]

This forum is nearly useless with all the alt-coin spamming. It takes a real masochist to bother coming here now. Look at the trends.google.com graph for bitcoin. This latest uptick is right inline with both the current price, and historical trend. That should fairly accurately tell you when well SETTLE to 50k. We'll see it in a bubble before that.

Maybe you would tell us when it will SETTLE at 50K And when you expect a bubble & how high that bubble will go?

[600watt]

yeah, this thread reminds me of march/april 2013 threads in this subforum 

[CoinDiver]

March 10th 2016.

[Crindon]

2009: 0
2010: .1
2011: 1
2012: 10
2013: 100
2014: 1,000
2015: 10,000
2016: 100,000
2017: 1,000,000

I like those numbers.

Could you imagine? Owning 100 BTC means you will have $10 Million in 2016.

I feel it will get there so much sooner than 2025 or 2019 or anything like that.

By 2015 or so when people start to wake up and smell the coffee, the price will skyrocket like no tomorrow.

[keithers]

Don't get me wrong, I would do cartwheels if BTC hit $50,000, but I realistically don't think it will ever get that high. 

[Blazin604]

Im not sure it will reach that high...it could though..i see BTC being used for LARGE purchases in the future...house , car, ect....I see NXT being used for other things and smaller day to day transactions. BTC will be able to be traded on the NXT exchange as well I believe.

[keithers]

Im not sure it will reach that high...it could though..i see BTC being used for LARGE purchases in the future...house , car, ect....I see NXT being used for other things and smaller day to day transactions. BTC will be able to be traded on the NXT exchange as well I believe.

I envision LTC being the coin used for day to day purchases. The faster confirmation times are obviously a plus over BTC for quick little purchases

[BitCoinNutJob]

Don't get me wrong, I would do cartwheels if BTC hit $50,000, but I realistically don't think it will ever get that high. 

why not though, what is stopping this?  nobody thought we'd hit 1k so quick.   Something like ebay/paypal could set the stage.

[bitsmichel]

Don't get me wrong, I would do cartwheels if BTC hit $50,000, but I realistically don't think it will ever get that high. 

why not though, what is stopping this?  nobody thought we'd hit 1k so quick.   Something like ebay/paypal could set the stage.

50.000$ is no problem, it will take some time though. The market needs to grow about 100% 

[T.Stuart]

I don't think $10K is happening anytime soon, maybe 2 yrs at best.

1.5 years will do it I think.

[KimNam]

2009: 0
2010: .1
2011: 1
2012: 10
2013: 100
2014: 1,000
2015: 10,000
2016: 100,000
2017: 1,000,000

I like those numbers.

Could you imagine? Owning 100 BTC means you will have $10 Million in 2016.

I feel it will get there so much sooner than 2025 or 2019 or anything like that.

By 2015 or so when people start to wake up and smell the coffee, the price will skyrocket like no tomorrow.

nice, i love this number too
if this summer we hit $1000, i'm sure we can see $10K in the end of year
keep promote BTC and bring many people to use and aware about bitcoin

[piramida]

Im not sure it will reach that high...it could though..i see BTC being used for LARGE purchases in the future...house , car, ect....I see NXT being used for other things and smaller day to day transactions. BTC will be able to be traded on the NXT exchange as well I believe.

I envision LTC being the coin used for day to day purchases. The faster confirmation times are obviously a plus over BTC for quick little purchases

what exactly are you talking about? btc transactions are instant. nobody needs confirmations if you are paying for "quick little purchases", you can just assume it is valid. for larger purchases off-blockchain transactions would be widespread, where you first send bitcoins to the processor that the seller uses, and then instantly complete the purchase.

[DolanDuck]

2009: 0
2010: .1
2011: 1
2012: 10
2013: 100
2014: 1,000
2015: 10,000
2016: 100,000
2017: 1,000,000

I like those numbers.

Could you imagine? Owning 100 BTC means you will have $10 Million in 2016.

I feel it will get there so much sooner than 2025 or 2019 or anything like that.

By 2015 or so when people start to wake up and smell the coffee, the price will skyrocket like no tomorrow.

nice, i love this number too
if this summer we hit $1000, i'm sure we can see $10K in the end of year
keep promote BTC and bring many people to use and aware about bitcoin

I think we won't reach 10000$ this year, mainly because btc value is rising through bubbles and after a peak
(should be 3500-4500 the next one) there's always some months of calm.

[jonald_fyookball]

Im not sure it will reach that high...it could though..i see BTC being used for LARGE purchases in the future...house , car, ect....I see NXT being used for other things and smaller day to day transactions. BTC will be able to be traded on the NXT exchange as well I believe.

I envision LTC being the coin used for day to day purchases. The faster confirmation times are obviously a plus over BTC for quick little purchases

what exactly are you talking about? btc transactions are instant. nobody needs confirmations if you are paying for "quick little purchases", you can just assume it is valid. for larger purchases off-blockchain transactions would be widespread, where you first send bitcoins to the processor that the seller uses, and then instantly complete the purchase.

True but btc isn't good for tiny micropayments.  I think there is room for an alt. maybe doge crazy as it sounds.  Or reddcoin

[KimNam]

I think we won't reach 10000$ this year, mainly because btc value is rising through bubbles and after a peak
(should be 3500-4500 the next one) there's always some months of calm.

hmm, maybe like that
because if we suddenly rise into $10K, it's too high. not good for long run prices of Bitcoin
$3K is good enough, hope strong buy support will ready to make BTC prices like that

[Jamie_Boulder]

As much as it is possible it's very unlikely, BTC will most likely replace medium of exchanges such as Paypal/Paypak/International transfers/credit cards but that industry as a whole is worth about 150bn a year and that's if BTC replaces it 100% which I'm sure it won't.

Real money & national currencies will still be the prime and this is what will stop BTC from reaching the 50k mark.

[jonald_fyookball]

As much as it is possible it's very unlikely, BTC will most likely replace medium of exchanges such as Paypal/Paypak/International transfers/credit cards but that industry as a whole is worth about 150bn a year and that's if BTC replaces it 100% which I'm sure it won't.

Real money & national currencies will still be the prime and this is what will stop BTC from reaching the 50k mark.

What about store of value like gold.  That is trillion dollar industry.

[Jamie_Boulder]

As much as it is possible it's very unlikely, BTC will most likely replace medium of exchanges such as Paypal/Paypak/International transfers/credit cards but that industry as a whole is worth about 150bn a year and that's if BTC replaces it 100% which I'm sure it won't.

Real money & national currencies will still be the prime and this is what will stop BTC from reaching the 50k mark.

What about store of value like gold.  That is trillion dollar industry.

Golds a physical store of value that's been around forever and proven itself as a rarity, computers & technology on the other hand are compromised everyday or even more commonly they simply just break. People know this and would never allow it to take over the modern day monetary system however online payment solutions & international transfers is an open market and bitcoins market share grows by the day.

[jonald_fyookball]

As much as it is possible it's very unlikely, BTC will most likely replace medium of exchanges such as Paypal/Paypak/International transfers/credit cards but that industry as a whole is worth about 150bn a year and that's if BTC replaces it 100% which I'm sure it won't.

Real money & national currencies will still be the prime and this is what will stop BTC from reaching the 50k mark.

What about store of value like gold.  That is trillion dollar industry.

Golds a physical store of value that's been around forever and proven itself as a rarity, computers & technology on the other hand are compromised everyday or even more commonly they simply just break. People know this and would never allow it to take over the modern day monetary system however online payment solutions & international transfers is an open market and bitcoins market share grows by the day.

True that bitcoins can be stolen, but so can physical gold.  And physical gold is much more expensive to secure, store, and transfer.  So I would have to disagree with you.

[gondel]

The red line is the Excel trendline computed using only data from the past up to that point in time.  If the chart had been made on that date, the trendline would have crossed at that point.  Look what happens every time the price crosses that line.  The trendline is at $752 now.  We're almost there.  Interesting times ahead.  Also note the red line might make a good stop loss for those not holding.

2016.

Hehe, or much earlier. Or much later. Depends on where price heads in the coming month or two...

I mean, that's the take home message from the running calculation of the regression you graph in red, no?

In August 2011, it briefly looked as if 50k would be reached before the end of 2012. A few months of bear market later, and the updated regression would have predicted that kind of price to be years away in the future.

Hi,
This table looks too optimistic.. It is not very right. The size of the cells which are 30$ and 1 $ is the same as the cells wich represent 1000$ and 10000$.
BR