Why? If Bitcoin becomes a safe haven asset, which it seems like it beginning to become, we can see $50,000 per Bitcoin if it captures only 10% of the "safe haven"-market that is the Gold-market.
That's how small the Bitcoin market currently is, and it puts things in perspective.
Deflationary
Bitcoin is deflationary, and the number of generated blocks each year decrease by a factor of 50 every four years. Meaning the price is not subject to inflation. Just like gold, it gets harder and harder to dig it out of the "digital" ground.
Personally right now, I'm seeing my portfolio going more and more into Crypto currencies and primarily Bitcoin. I thought I was too late for the gravy train earlier. I first became aware of Bitcoin as early as 2010, but I didn't have the savvyness or technical skills to buy them. I thought I was missing out for years watching it grow from almost nothing to a USD1000$. I finally executed at 1300$ after reading more into it and realizing what it could mean, and how small the market still was.
More and more mainstream people are saying the same thing
I honestly believe we will see prices like this, and I'm not the only one. More and more credible authorities on finance are saying the same. I'm not sure if that should make me jump of joy, or be depressed - because massive mainstream attention often suggest bubble-tendencies and too much attention. But I'm not really seeing the attention outside of a very small community even at this point.
I am mentioning Bitcoin to different people all the time, and we're still at "Yeah, interesting. I've heard about it". Yes, we are at that point. People have heard about it. More and more savvy people are catching on, but most people have just heard about it.
Aunt Jeminy Sugerpops has not yet been putting on her glasses and started writing down private keys. I believe we are still years away from that.
Prices are currently $3465 USD, as I predicted in my last Bitcoin post.
This time I am predicting $3500 + levels very soon. Probably today. Bulls are in total control, and I even think I can see tendencies for Bitcoin to function as safe asset. As the stock markets are seeming more and more like a place you want to get out of, I am slowly moving more and more into the crypto currency space.
There is no limit till more and more people join the move, less than 0.1% of world popupation own bitcoin and maybe less, itd only the begining.
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John McAfee is predicting it will be worth $500,000 in three years. I think he's being optimistic but I certainly think the growth potential exists. I don't think we need to worry about a bubble forming though because although many have heard of it, most still dont understand it and the technical know how needed still acts as a sizeable barrier for most to invest.
I wish I'd invested years ago but at the time I didn't understand or trust it.
John MCAfee already withdrew his statement and corrected it down to 30.000 USD in 3 years
A sensible move considering he promised to eat his own dick on national tv if he was wrong. We shall see if his corrected number will hold true, either way bitcoin will continue to grow.
I agree with your views but dont you think there are possibilities for altcoins to cross bitcoin rates? coz bitcoin has been in market since many years but there are some altcoins that came very recently and are almost as valued as bitcoins.
UPVOTED.
very good.
I would be happy if you like to follow me and give your opinion about my posts.
Thanks
So you means we all going to become rich soon? That would be great. :-)
Depens on how much you hold of course, and where you live. In Norway, one Bitcoin at 50,000$ will only buy you an average family stationwagon. But in other countries It can buy you a home.
But I strongly believe that 50,000 per coin is going to happen in the not to far future. Not next year perhaps, but within three years maybe. Still, I believe the potential is way higher. It could very well match the gold market and go even higher as Bitcoin is not only a store of value, but a way of transacting money to each other. Tangible assets like gold will never be that (unless the modern world collapses - but then again..perhaps even gold would be worthless)
Well, BTC just passed $3.500! That's according to coinmarketcap.com
My predictions are always correct! :P
Bitcoin is the future, coming up slowely but surely, upvoted & followed too
It could be. I'm not going to bet on it not being that :) Thanks!
In the next few months, you will look at this post and it will be a true reflection of your points. People know about Bitcoin and they stop at that; they don't dig deep to find out how it works and the 'near future' benefits. Spot on!
Spot on x2!
I really need to just hodle one Bitcoin and leave it alone....
Yeah, I mean..it doesn't really make any sense not doing that. Just hodl 1-5 Bitcoin and leave them indefinitely. Never consider selling it. Investing works like that. You find something that could be a game changer, and then you just place your bet and never look back. Sure, it could flop (although the odds are small at this point) but the potential is huge.
Upvoted and RESTEEMED :)
Thanks! :)
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Bitcoin scales like garbage. I mean 3.5$ for one transaction? You really want the fee to go up to 50$??
I think Neo might be the next big thing. It is a better Version of Ethereum.
I think more and more that Bitcoin is acting as a kind of reference point and is not meant to take over all currency transactions; fiat is already capable of doing that within country borders to a considerable extent. Certain cryptocurrencies will prevail as the chosen ones to extend this there where fiat runs into roadblocks (checks, fees, delays, etc). Or fiat may fall out of grace if central bank actions erode confidence in fiat currency further. 'No fees' currencies like IOTA and RAIBlocks are already banging on the door.
All that Bitcoin has to do, is continue to function beautifully.
Remember BTC has the advantage of being first, and probably one of the most trusted. I'm sure there are better coins for the purpose of transaction. But Bitcoin only needs to be a store of value. Even "just" as that, we should see prices between 50k and 500k. Even prices above that is possible.
Yeah that is really the only advantage it has. There will always be a reference Crypto but I doubt it will be BTC for much longer. I give BTC 2 years max as the leading crypto.
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I'm from the future you were wrong..$100,000 is right
hope fully bitcoin soon up 5000$ :) nice sharing dear
omggg ... so we are definitely going to be rich.