Post
Topic
Board Economics
Re: I need bitcoin to be $690 to break even.....will I make it?
by
Amph
on 13/06/2015, 14:49:30 UTC
Will I make it?

I'd say yes, if you're talking about 5-10 years of time.
There's prediction that it'll cross 300 again by the end of this year, but be warned that this is just speculation.
It can't be predicted for sure, but I personally believe that Bitcoin will rise and will play huge role in our future

5-10 years for reaching a mere 690? this must be a joke, if by that time bitcoin is still at 690, then something went utterly wrong, and bitcoin is done, none can save it anymore

in 10 years the network will go against 3 halving(counting the one of the next year also), the supply will diminish to 450( pay attention this is the the mining supply), the absorbtion will be only 310500, compared to nearly 900k of what it is now(230 x 3800)

basically you're saying that bitcoin will face a slow decline from now and that his death will happen in 5-10 years

assuming that bitcoin won't die, a realistic estimate based on the absorbtion of the mining supply, should tell you that the price will be at least equal to what it is now

so we are talking about a price x3 of what the OP is aiming at, around 2k at the very least