BITCOIN OVER 500k? YES INDEED

[thanasi_1010]

We are still early for bitcoin. just as when the internet first came out and emails. look at it now.

its simple mathematics why Bitcoin will hit over 100,000

Gold market 13 trillion - lets take 5% from here to go to bitcoin = 650 Billion

Pension Funds/ equities/ hedge - estimated at 30 trillion * 10% = 3 trillion

Banks - They will buy to hold as reserves against there shit fiat = 10 trillion

THE WORLD - lets say 3 billion people will use bitcoin * $1000 = 3 trillion

total bitcoin cap is = 16.65 trillion roughly

16.65 trillion divided by 21 million bitcoins = $792,857

I like ETHEREUM AS WELL!!

look forward to reading and replying to your comments

When will it happen not sure. but im a believe and optimistic that this is true money and true value

[winnerloser]

ok.

[BeatTheJerk]

This guy is real excited here. Sounds like a salesmen & I hate salesmen most annoying people on the face of the earth for me personally.

[icon]

This guy is real excited here. Sounds like a salesman & I hate salesman most annoying people on the face of the earth for me personally.

Do you hate salesmen more than you hate Shari?

[BeatTheJerk]

Do you hate salesmen more than you hate Shari?

Yes.

[solring]

This guy is real excited here. Sounds like a salesmen & I hate salesmen most annoying people on the face of the earth for me personally.

Joined 3 years ago. Has made 3 posts in the last week. 2 of them the exact same post.

[thanasi_1010]

Sit on the side lines kids. Keep believing in your usd

[BeatTheJerk]

Sit on the side lines kids. Keep believing in your usd

I use Bitcoin to send to Costa Rica & back for the most part, good luck with your investments. Been buying & selling Bitcoin since 2015 "kid".

[thanasi_1010]

Oops this is a know it all forum. Ask a question before you come up with your arrogant comments

[BeatTheJerk]

When & if Bitcoin reaches over 500k, heck if it gets to 50k in the next decade I invite you to revisit this thread & I will congratulate you on your accurate vision.

[cjwatsonfan32]

If bitcoin is over $500,000 is it going to be hard to believe me when I say I predict dogecoin to eventually rise to $10,000? After doing some market analysis and crunching the numbers, if 25 billion users use dogecoin by the year 2022, then I could see it climbing to $10,000 and maybe even $25,000. Now skeptics will say "but there aren't even close to 25 billion people on the planet", but if we can teach this technology to plants, animals, fish, and evem non-binary/transgender people, the sky is the limit.

[raiders72001]

I'm a huge bitcoin supporter but can't see $500k although $50k isn't out of the question in the next 5 years. The price dropped all the way down to $200 in 2015 and was 0.0025 cents in 2010.

[themike78]

Nobody even uses bitcoin. It will be a dead product in about 5 years.

[icon]

Nobody even uses bitcoin. It will be a dead product in about 5 years.

Other than gamblers and drug users, correct.

I agree bitcoin will die, but not cryptocurrencies. Something new will come along that is better than bitcoin.

[Overlander]

Why gamblers use bitcoin? Only because it's faster deposit and withdraw? Do I understand right?
In Europe I can withdraw from betting account to my bank account and go to ATM to take cash out. And all in 5min.
So why bitcoin?

[themike78]

Why gamblers use bitcoin? Only because it's faster deposit and withdraw? Do I understand right?
In Europe I can withdraw from betting account to my bank account and go to ATM to take cash out. And all in 5min.
So why bitcoin?

Because in the United States it's technically illegal to bet with offshore books. It is illegal to use banks and cards for gambling transactions offshore. Bitcoin is unregulated.

[themike78]

Other than gamblers and drug users, correct.

I agree bitcoin will die, but not cryptocurrencies. Something new will come along that is better than bitcoin.

It's true bitcoin pretty much only used for illegal purposes that is why it will eventually die out. It can't compete with the big companies that process millions of transactions within seconds. The blockchain is slow and inconvenient. That is why hardly any companies use it as a payment option. Plus why would the average person want to use it? If you get hacked your bitcoin is gone. Banks and cards will at least refund your money. No way bitcoin goes up in value. I really think this is the peak and eventually it will slowly go down.

[blankoblanco]

It's true bitcoin pretty much only used for illegal purposes that is why it will eventually die out. It can't compete with the big companies that process millions of transactions within seconds. The blockchain is slow and inconvenient. That is why hardly any companies use it as a payment option. Plus why would the average person want to use it? If you get hacked your bitcoin is gone. Banks and cards will at least refund your money. No way bitcoin goes up in value. I really think this is the peak and eventually it will slowly go down.

And yet people have been saying the exact same thing since bitcoin's inception a decade ago. None of these arguments are new

[PharaohUB]

And yet people have been saying the exact same thing since bitcoin's inception a decade ago. None of these arguments are new

I mean the answer is somewhere in the middle though, right. It's not going to just go up forever, for no reason. It was a great investment as it's market was still growing. But is it now? The difference between then and now, is there are no new markets for bitcoin to explore. First they grabbed a small tech community, then they started becoming more user friendly. Now it's mainstream and global and everybody who would ever invest in it or use it - already knows about it. And the black market use also seems saturated too.

It's for moving money anonymously. That's the value of it plain and simple. And I don't think most of it's use and value comes from the online gambling community - we are small potatoes. I think it's mostly for people with very deep pockets (drug rings, terrorist organizations,etc.) to move money without the government knowing.
It's probably about where it should be now, and will be a little more volatile than most currencies, but should mostly trend slowly up with world economy, unless gov't figures out how to stop it which seems unlikely unless they digitize a world currency and put chips in all of our hands.

[icon]

And yet people have been saying the exact same thing since bitcoin's inception a decade ago. None of these arguments are new

The detractors only need to be right once and they have time on their side.

[Rabiddog33]

Bitcoin isn't going away, there's alot of misinformation in this thread, to much to point out. If you did a little research you'd find out that alot of big names are getting into this space like Fidelity, TD Ameritrade and so on. Bitcoin is still in the beginning of it's development. Alot of great things will be done with Bitcoin in the coming years.

[Rabiddog33]

$50,000 or more sometime in 2021!!!

[blankoblanco]

Another question is how much will it help btc when "inconvenience" is no longer a factor? The infrastructure has gotten better every year. There are bitcoin atms popping up, etc. Converting my btc into cash still takes slightly longer than I'd like using coinbase, and it'd be nice to see the fees reduced even though they aren't that big, but it's not an unreliable hassle like it could be many years ago. Also feels very secure

[mrpapageorgio]

Bitcoin is like AOL, it's going to be popular for awhile and be known as being a trailblazer (for crypto as AOL was for public internet access)...........but it will eventually be overtaken by another technology that can do the job faster and easier. Bitcoin is too slow to confirm as a viable payment system and every time I hear about lightning, the joke is always "Time to Lightning Implementation= T+18 months" because you always hear it's going to take about 18 months for lightning to get going.

[blankoblanco]

Bitcoin is like AOL, it's going to be popular for awhile and be known as being a trailblazer (for crypto as AOL was for public internet access)...........but it will eventually be overtaken by another technology that can do the job faster and easier. Bitcoin is too slow to confirm as a viable payment system and every time I hear about lightning, the joke is always "Time to Lightning Implementation= T+18 months" because you always hear it's going to take about 18 months for lightning to get going.

Again though, this sounds exactly like the criticisms people made in literally 2011, 9 years ago. They've been wrong. At this point, how do you not say, well I guess my points have been disproven?

Also AOL wasn't thriving after 10 years, it was either dead or on its last legs

[mrpapageorgio]

Again though, this sounds exactly like the criticisms people made in literally 2011, 9 years ago. They've been wrong. At this point, how do you not say, well I guess my points have been disproven?

Also AOL wasn't thriving after 10 years, it was either dead or on its last legs

So your argument is basically semantics that 2 years into Bitcoin being launched people said it wouldn't last forever when my example was over a decade of its golden age?
AOL peaked around 2005-2006 around the Time Warner merger when it started to make its decent. It was founded in 1983, but didn't get popular until the early 90s. It had a good 15 year run when it started to get popular, but eventually DSL and Cable internet made its way into people's homes and dial up was no longer needed.
Bitcoin got to $19k in 2017 and is only half of that now. Bitcoin is nice technology, but like all technology, it will eventually become antiquated and get replaced with something better. Will it take 2 years? 5 years? 10 years? Time will tell, but I don't see it overtaking Viza and **.


It's also one hack away (or high profile story of the government tracing payments to remove the aura of privacy) from people losing all of their confidence in it and suddenly crashing down.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

[raiders72001]

Right now almost all the cryptos are better for day to day transactions. Changes will occur with bitcoin such as side chains to increase more transaction per second, lower cost and speed. If more improvements aren't made than it will be replaced for day to day transactions

Bitcoin has the name and it's not going away even if just used as a store of value. Bitcoin is the simplest and safest. Cryptos are much more popular in Asia than the US or Europe.

[Optional]

So your argument is basically semantics that 2 years into Bitcoin being launched people said it wouldn't last forever when my example was over a decade of its golden age?
AOL peaked around 2005-2006 around the Time Warner merger when it started to make its decent. It was founded in 1983, but didn't get popular until the early 90s. It had a good 15 year run when it started to get popular, but eventually DSL and Cable internet made its way into people's homes and dial up was no longer needed.
Bitcoin got to $19k in 2017 and is only half of that now. Bitcoin is nice technology, but like all technology, it will eventually become antiquated and get replaced with something better. Will it take 2 years? 5 years? 10 years? Time will tell, but I don't see it overtaking Viza and **.


It's also one hack away (or high profile story of the government tracing payments to remove the aura of privacy) from people losing all of their confidence in it and suddenly crashing down.

https://www.coindesk.com/the-latest-...tails-a-secret

They will be using blockchain tech or they have no chance to survive long term.

[thanasi_1010]

any government controlled currency will fail because it is run by and manipulated by the 1%. its a ponzi scheme. print money and feed the stock market. bitcoin doesn't operate like that along with other stable coins which will be backed by bitcoin and ethereum. If you understand whats happening with the repo markets and these banks and corporations are too big to fail, they receive massive bailouts therefore bitcoin is an excellent alternative and give the power to the people.

a comment above mentioning its bitcoin is for drugs. incorrect. bitcoin operates like cash transaction in a way

[mrpapageorgio]

They will be using blockchain tech or they have no chance to survive long term.

I don't disagree, but they will certainly use blockchain technology that takes less than 10 minutes for a block to be added to the chain.

[Rabiddog33]

I don't disagree, but they will certainly use blockchain technology that takes less than 10 minutes for a block to be added to the chain.

Name a way to transfer money any faster, that is as secure as bitcoin!

[mrpapageorgio]

Name a way to transfer money any faster, that is as secure as bitcoin!

Litecoin, Monero.

[Rabiddog33]

Litecoin, Monero.

There not even close to being as secure as bitcoin.

[DoctorStrong]

bitcoin is the future

[mrpapageorgio]

There not even close to being as secure as bitcoin.

Bitcoin is way more traceable than Monero.

Hell, Bitcoin was one hack away from crashing to the floor with public confidence crashing had it been exploited: https://www.coindesk.com/the-latest-...tails-a-secret