Quote from: maxj57634 on April 14, 2016, 06:53:17 AM

Quote from: el kaka22 on April 14, 2016, 06:47:38 AM

Quote from: safari88 on April 11, 2016, 04:09:26 PM

Quote from: HarryKPeters on April 11, 2016, 03:38:02 PM

5000 dollar is a large amount and I do not think the bitcoin can reach this amount in a relative short time.
Most likely the bitcoin will rise to a pretty nice number this year but 5k is just too much and I can consider it right now as unrealistic.

This obviously will be very difficult to reach $5000, in fact I think it will never happen. you can see, even to reach $1k again it takes a very long time.

It is true that it is difficult to reach that much amount but I do not agree that it will never reach that amount and is impossible, It is definitely possible for he bitcoin to reach that much amount but will take some large time maybe about 10 years.

Yes it is really impossible to reach that amount with the current flow of bitcoin in the market i think it will happen only when all bitcoin has been mined.

$5000 bitcoin in 10 years is very possible. It is just 12 times of present value. if the price rises 50% a year, no problem at all.