if it turns out as predicted, $50000 by march 2017 would be plausible.
That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.
Theories and fractals and friends are all well and good but don't play along with the real world.
What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash
i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.
The price of $1000 could be reached after very big good news. The $5000 is the price for 2020.
by 2020 we should be at around $100,000 if not more
It depends on the mass adoption. If more than 10 million people use the bitcoin regularly, $100,000 is achievable.
10 million isn't even remotely close to mass adoption.
Bitcoin is somewhere between 1 and 5 million users right now, so at the very beginning of that chart.
If we grow at a rate similar to facebook, we should have 100 million users by 2020. and close to a billion in 2024.
Now what do you think that would do to demand, and price?