Quote from: Pursuer on August 14, 2017, 06:12:59 AM

Quote from: hitlab on August 14, 2017, 05:55:31 AM

I think it is a bit unrealistic for 50k within 5 years, 10-15 years I can definitely see it.

Either way can't go wrong if you buy and can hold long term.

there is nothing unrealistic about it. as the second comment of this topic mentioned and I also agree, the adoption of bitcoin is like an S curve. these curves have the tendency to be slow at first then the rate picks up and becomes nearly vertical and then it slows down as it reaches the final stage.

with bitcoin we are still in the bottom of the curve and in early stages. what we see as a big rise is simply a small rise in the future. bitcoin is a global currency which is also decentralized. that is not a small thing and exactly that is leading to this growing adoption. soon this rate will pick up and enter the vertical stage of S curve in a couple of years and eventually reach the mass adoption. but in the meantime prices like $50K in 5 years are nothing.

At the start of this month, people were saying bitcoin will touch 4000 dollars and I used to laugh at their thoughts but they were right. Bitcoin is now $4000 and this has even happened in lesser time then predicted. Now I believe, its not impossible for bitcoins to go as far as 50k. I am just getting more and more curious about the power of bitcoins now.