BTC to $50,000 ?

[Campsis]

Any chance of it reaching that ?

[ariyaromadhona]

Yes why not , If they used as it potential .. Btc is the best Technologi invention i think ...
there's many reason why BTC slide downward right now , but i still believe it has bright future ,

[Beliathon]

I'm holding my BTC until a time when these fiat comparison threads no longer happen, because fiat no longer exists.

And I suspect this day will come sooner than most would imagine probable.

Hold out for ∞ $ / BTC.

[Elwar]

Bitcoin is up over 5% today. If it does that over the next year we will be at $50k.

Very likely considering the price trend over the past 24 hours.

[Beliathon]

Bitcoin is up over 5% today. If it does that over the next year we will be at $50k.

Very likely considering the price trend over the past 24 hours.

I think it's a bit premature to be drawing conclusions about the beginning of a boom, but Bitcoin is clearly at the lowest end of it's price 2014 action, so it seems likely we'll move back up into the 550 - 700 range in the not too distant future.



I wouldn't be all that surprised to see 415 - 430 zone hold for awhile before we start moving back north though, if only because these past few months have probably left some investors fatigued.

[ariyaromadhona]

Bitcoin is up over 5% today. If it does that over the next year we will be at $50k.

Very likely considering the price trend over the past 24 hours.

and how aboud market trend in this few months , it going downwards so hard at this years to see it dramatically up :3

[Campsis]

I have to agree its been going down for quite abit now...


What BTC needs to reach $50,000??

Answer: Someone putting a buy order of $500,000,000 for 50k$ a coin.

[Beliathon]

Answer: Someone putting a buy order of $500,000,000 for 50k$ a coin.

Seems legit

[coindetective]

I have no doubt this price can be reached in a couple of years. Just hold.

[arxwn]

How's the volume ?

[stevegee58]

I'm holding what little I have.  I believe that anyone who sold any BTC for a short-sighted gain is going to be kicking themselves in the future.

[ariyaromadhona]

for this year i think almost imposible BTC reaching that price :v ..

[V8x8d]

I expect bank bail-ins to usher in $10k+ BTC, however at that point why would you sell for $? Look what the Cyprus bail-ins did moving from the price from $65 to $229. The flight of capital resulting from a EU or US bank bail-in would be EPIC and would burst the credibility of Fiat currency as a safe haven forever.  

[Bitmore]

I expect bank bail-ins to usher in $10k+ BTC, however at that point why would you sell for $? Look what the Cyprus bail-ins did moving from the price from $65 to $229. The flight of capital resulting from a EU or US bank bail-in would be EPIC and would burst the credibility of Fiat currency as a safe haven forever.  

I have wondered what the events would be that would cause a big move up.  The end of the petrodollar and flight from fiat to preserve wealth might be one.  Replacing the petrodollar with Bitcoin might be another.  Various individual country economic crisis events could also. 

The time at which crypto currency is seen as a secure haven for wealth over fiat could be the tipping point.

[Wekkel]

Of course there is a chance.

[ask]

Yes Yes Yes
 

[arxwn]

I expect bank bail-ins to usher in $10k+ BTC, however at that point why would you sell for $? Look what the Cyprus bail-ins did moving from the price from $65 to $229. The flight of capital resulting from a EU or US bank bail-in would be EPIC and would burst the credibility of Fiat currency as a safe haven forever.  

I see that as a possible scenario. Bail-ins are the bread and butter of the bitcoin community

[Bitmore]

I just looked up the term "bail-in" and it is a good reminder what exactly fiat money in banks really is:  a government regulated legal ponzi scheme, that is only a little less risky than Enron.

[AirFlame]

Yes when bitcoin reach 21mil and everyone will use it Paypal, ebay, aliexpress etc...

[ssmc2]

Yes when bitcoin reach 21mil and everyone will use it Paypal, ebay, aliexpress etc...

BTC will be worth much more than 50k at that point.