Post
Topic
Board Speculation
Re: I will not Die Untill Bitcoin will reach at Least 50K
by
South Park
on 11/03/2017, 21:52:29 UTC
I like your ambition and share in it, hopefully it will hit 50k+ soon so that some of us can realize our dreams. I always rue not entering bitcoin early but hoping to make the most if it now and going forward into the future.
Its not really to late to engage to bitcoin since as of now we are on still its early stages since bitcoin is just 8 years old and theres lot of thing would happen ahead of us but speaking on 50k i could say that it wont really happen in our lifetime because this price is really high to consider.
You are contradicting your own words. When we say, Bitcoin is only 8 years old, it means there is still much to go. By now Bitcoin is able to reform its image from darknet illegal currency to a high potential performing security. This reform is inducing more and more people to switch to Bitcoin. Imagine 1 billion of world population using Bitcoin, what will be the market cap and what will be the price!

When you look at the chart, by the end of February 2015 we were at about 250 dollars.
Right now we are scratching at the 1200 dollar level.
If that rise in percentage would increase the same way, we would hit the 50K dollars sooner than we all think.


If you look at the November 2013 price, that was over $1100. So things are not that simple.
It looks like the current condition of bitcoin was same with 2013, the bitcoin turn into the bubble and a lot of the people are trying to bet on the 11 march about the US securities approval for the bitcoin etf.
But do you think the bitcoin will go to the bottom same like what he did on 2013?

No way. That wont happen again. There is too much supporters now and money invested with time.
Those will just be for nothing if history repeats itself. Let us not make this false news or people might get scared and try to sell which could really hit the price and value of bitcoin. A big dump could happen even just for a simple gossip.
This is just how bitcoin do it. Rise and fall a little.
This is true the rise in price back in the day was meteoric while the rise in price this time was slow and it took months to reach the all time highs we reached, so while a decrease in price is almost inevitable to think we are going to see a crash like the one we saw is not possible.