** 3 Reasons why BTC will SKYROCKET !!! **

[BTCfarm]

Here are 3 reasons why BTC will be over 5,000$ in the next 5-10years.


1. Mining is difficult, demand is high supply is low.
2. People are loosing,dying, with their wallets which makes less BTC in the mainstream everyday.
3. Too much real life cash available to public and everyone, only 21 million coins to 10billion+ people.

 

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[BittBurger]

BTC 101

[CtrlAltBernanke420]

Here are 3 reasons why BTC will be over 5,000$ in the next 5-10years.


1. Mining is difficult, demand is high supply is low.
2. People are loosing,dying, with their wallets which makes less BTC in the mainstream everyday.
3. Too much real life cash available to public and everyone, only 21 million coins to 10billion+ people.

 

10billion people? I thought we only had like 7billion ppl

Understand if you hadlike 10-20 million dollars you could theoretically buy all the coins on every exchange... I know I do not store my coins on an exchange, so if the price rockets, mine not even available to sell.. Which I am not interested.

However the way they exchange works, the last hundred coins in stock on an exchange is going rally to the moon. However smart investors are aware of this, and at some point these calm quiet markets will not be quiet, it could happen at any moment. However, it is not happening.

If all of our parents, friends, kids, owned .5 or even 1 bitcoin this could remove the notion of whale coming in an moving the market. The people en mass have the same ability with the same resources available just divided amongs about 2-3 billion people..

Keep in mind about 2-4 billion people are currently completely locked out of the Fiat banking system, and largely speaking only the USD, EUR, AUS, GBS, and YNE have any real value. Good luck buying bitcoin for a Dinar if no one is selling a bitcoin priced in Dinar. One would first need to sell the Dinar and buy dollars or another currency to enter into a BTC position through the main outlets.

When did you learn of bitcoin

[yatsey87]

Here are 3 reasons why BTC will be over 5,000$ in the next 5-10years.


1. Mining is difficult, demand is high supply is low.
2. People are loosing,dying, with their wallets which makes less BTC in the mainstream everyday.
3. Too much real life cash available to public and everyone, only 21 million coins to 10billion+ people.

 

None of these are valid reasons whatsoever as people could just move from bitcoin to something else as a solution to all of these. I think the only reason why bitcoin would skyrocket would be down to the supply and demand when more merchants are dealing in it.

[Sampey]

How many people in the world have notions like "Paper Fiat is only Ink on Paper and is not backed by gold"?
If people really know how an economics system works, and how bank works, BTC value will be at least 10K dollars today.

What i mean?
The point of view of a person who knows facts is very different from a person who doesn't know facts.....

[Hyena]

Also, BTC has proven itself to be useful for the black markets. This will never change no matter what the general population thinks of it. If the drug dealers accept it then it must have value. Try debating this and you will make a fool out of yourself because essentially you would be trying to portray drug dealers as fools.

[jjacob]

The demand supply imbalance seems to have tilted towards excess supply now. 

[cypherdoc]

Also, BTC has proven itself to be useful for the black markets. This will never change no matter what the general population thinks of it. If the drug dealers accept it then it must have value. Try debating this and you will make a fool out of yourself because essentially you would be trying to portray drug dealers as fools.

I've read this twice now and I keep laughing because it's so true.

[antibitcoinconsortium]

3 reasons why BTC will crash to almost $0 within months.

1. you're lying. mining is difficult yes, demand, very little.
2. you're lying. if peole losing ther bitcoin is a big factor than the design of bitcoin is so super flawd that it will fail automaticaly.
3. you're lying. too much cash available? here people have trouble getting around they need to work two jobs just to be able to pay their rent and car, its economic crisis everywhere. until the banks solve the problem there is nothing you can do.

[Hunyadi]

3 reasons why BTC will crash to almost $0 within months.

1. you're lying. mining is difficult yes, demand, very little.
2. you're lying. if peole losing ther bitcoin is a big factor than the design of bitcoin is so super flawd that it will fail automaticaly.
3. you're lying. too much cash available? here people have trouble getting around they need to work two jobs just to be able to pay their rent and car, its economic crisis everywhere. until the banks solve the problem there is nothing you can do.

[IPO Magic]

Also, BTC has proven itself to be useful for the black markets. This will never change no matter what the general population thinks of it. If the drug dealers accept it then it must have value. Try debating this and you will make a fool out of yourself because essentially you would be trying to portray drug dealers as fools.

I've read this twice now and I keep laughing because it's so true.

1. The percentage of fools in the drug trade is no higher or lower than any other business.
2. SR is history.
3. As are anonymous exchanges without KYC.
4. US [state level] LEO already popped a few localbitcoin users, with tactics bordering on entrapment.  If the locals are watching, I'd guess the feds are too.
5. The bulk of street/house-level trade is done in fiat, converting to BTC is pointless risk.

TL;DR:  nah.

[piramida]

Also, BTC has proven itself to be useful for the black markets. This will never change no matter what the general population thinks of it. If the drug dealers accept it then it must have value. Try debating this and you will make a fool out of yourself because essentially you would be trying to portray drug dealers as fools.

I've read this twice now and I keep laughing because it's so true.

1. The percentage of fools in the drug trade is no higher or lower than any other business.
2. SR is history.
3. As are anonymous exchanges without KYC.
4. US [state level] LEO already popped a few localbitcoin users, with tactics bordering on entrapment.  If the locals are watching, I'd guess the feds are too.
5. The bulk of street/house-level trade is done in fiat, converting to BTC is pointless risk.

TL;DR:  nah.

you know that there are SR2 and countless local anonymous TOR forums that basically has shifted alot of drug trade, even high-volume street level, to BTC? so basically: yeah.

also, openbazaar, while they try to distinct themselves from drug trade, would of course allow this and anything else to be p2p traded and it will blow right past anything that SR has ever reached in terms of volume in no time.

[Hunyadi]

Also, BTC has proven itself to be useful for the black markets. This will never change no matter what the general population thinks of it. If the drug dealers accept it then it must have value. Try debating this and you will make a fool out of yourself because essentially you would be trying to portray drug dealers as fools.

I've read this twice now and I keep laughing because it's so true.

1. The percentage of fools in the drug trade is no higher or lower than any other business.
2. SR is history.
3. As are anonymous exchanges without KYC.
4. US [state level] LEO already popped a few localbitcoin users, with tactics bordering on entrapment.  If the locals are watching, I'd guess the feds are too.
5. The bulk of street/house-level trade is done in fiat, converting to BTC is pointless risk.

TL;DR:  nah.

you know that there are SR2 and countless local anonymous TOR forums that basically has shifted alot of drug trade, even high-volume street level, to BTC? so basically: yeah.

also, openbazaar, while they try to distinct themselves from drug trade, would of course allow this and anything else to be p2p traded and it will blow right past anything that SR has ever reached in terms of volume in no time.

Amir's objective was to make decentralized SR when he made the concept for the DarkMarket...currently know as OpenBazaar.

[cypherdoc]

Also, BTC has proven itself to be useful for the black markets. This will never change no matter what the general population thinks of it. If the drug dealers accept it then it must have value. Try debating this and you will make a fool out of yourself because essentially you would be trying to portray drug dealers as fools.

I've read this twice now and I keep laughing because it's so true.

1. The percentage of fools in the drug trade is no higher or lower than any other business.
2. SR is history.
3. As are anonymous exchanges without KYC.
4. US [state level] LEO already popped a few localbitcoin users, with tactics bordering on entrapment.  If the locals are watching, I'd guess the feds are too.
5. The bulk of street/house-level trade is done in fiat, converting to BTC is pointless risk.

TL;DR:  nah.

you know that there are SR2 and countless local anonymous TOR forums that basically has shifted alot of drug trade, even high-volume street level, to BTC? so basically: yeah.

also, openbazaar, while they try to distinct themselves from drug trade, would of course allow this and anything else to be p2p traded and it will blow right past anything that SR has ever reached in terms of volume in no time.

Amir's objective was to make decentralized SR when he made the concept for the DarkMarket...currently know as OpenBazaar.

how's it coming?  there was a post on Reddit which claimed the project was dying b/c no commits had been made in like 15 days or so.  i thought to myself, "15 days?  what's so bad about that?"

[Rub3n]

Honestly with all the options possible; washing your btc before sending it out, pgp and all, they could only get you by mail scanning, and thats impossible to do on local markets and will never be stopped.
I dont think the price will SKYROCKET!!11! anymore but I do think that if adoption is a succes, it will last and perhaps add value. And by now, adoption seems pretty damn successful already.

[IPO Magic]

Also, BTC has proven itself to be useful for the black markets. This will never change no matter what the general population thinks of it. If the drug dealers accept it then it must have value. Try debating this and you will make a fool out of yourself because essentially you would be trying to portray drug dealers as fools.

I've read this twice now and I keep laughing because it's so true.

1. The percentage of fools in the drug trade is no higher or lower than any other business.
2. SR is history.
3. As are anonymous exchanges without KYC.
4. US [state level] LEO already popped a few localbitcoin users, with tactics bordering on entrapment.  If the locals are watching, I'd guess the feds are too.
5. The bulk of street/house-level trade is done in fiat, converting to BTC is pointless risk.

TL;DR:  nah.

you know that there are SR2 and countless local anonymous TOR forums that basically has shifted alot of drug trade, even high-volume street level, to BTC? so basically: yeah.

also, openbazaar, while they try to distinct themselves from drug trade, would of course allow this and anything else to be p2p traded and it will blow right past anything that SR has ever reached in terms of volume in no time.

I'm talking about statistically significant stuff, not a couple of neckbeards playing make-believe.
SR2?  Yeah, there are/were a bunch of them.  Mostly scams/empty/useless.

There is no street-level drug trade in BTC.  If there was, it would go like this:

--HotCityHotCityHotCity how many yo?
--I would like to purchase ten please, bust me a bundle homeslice dawg, got your smartphone?  I'll drop mad cheddar, my OG, so let us grab a frappuccino, maybe order something light, and chat Bitcoin while we chill and wait for three confirms.
You feel me, my nigga?

*Aww!  You HIT ME!!!*

TL;DR:  stop.

[zimmah]

3 reasons why BTC will crash to almost $0 within months.

1. you're lying. mining is difficult yes, demand, very little.
2. you're lying. if peole losing ther bitcoin is a big factor than the design of bitcoin is so super flawd that it will fail automaticaly.
3. you're lying. too much cash available? here people have trouble getting around they need to work two jobs just to be able to pay their rent and car, its economic crisis everywhere. until the banks solve the problem there is nothing you can do.

brace yourself, in 2015 the crisis might get worse.

Every 7 years there was a new form of crisis, going back all the way to 1931 or maybe even further than that.

the previous crisis started in 2008 and even though we haven't really recovered from it, it's almost 7 year ago.

If this 7 year cycle persists, we can see some real shit going on when a crisis on top of another crisis strikes, while we're already on the verge of WW3 as well.

2015 might become a very troubling year, especially for fiat bag holders.

also, there is trillions of dollars in the world, the problem is, most of it is in the hands of just about 100 people.

[bomb177]

Fourth reason: ETF incoming near the end of 2014.

[InwardContour]

Fourth reason: ETF incoming near the end of 2014.

I think this is the main reason that will trigger the next bubble, but we have to wait some months before it will happen.