I am Not a Philosopher or a Writer
I have a long run in Bitcoin and some Alts,
I have seen Bitcoin since 10$ price and seen to all time High 3K (June 12, 2017) also,
In my point of view (I use to create my views with News and upgoing BTC network) BTC will reach 98K very soon and this article is about that.
Crash and Panic
A lot of people are worried about the fluctuation and selling there BTC on pressure But New Bit-coiners are doing so we must note that.
Serious and BTC believers are holding all the BTC they have. As few people are concentrate in News which are created by Centralized monetary system. We have to believe our self first that BTC and we Bit-coiners are decentralized, our market is global market Short-term actions of governments are not important, on a global scale they can't fight the inevitable. Regulations are as good against bitcoin as sandbags against tsunami.
We are sometime focusing in Chinese Government news at the mean time I am focusing in Chinese People. Did anyone think about that Chinese Government indirectly handled a lot of profit to Bitcoin? I think no or some yes. While Chinese government issued warning and ban the deposit in the mean time Chinese Community is more curious in investing in Bitcoin and they are searching some other option of Deposit so now see what, is it loss of bitcoin or its loss of Chinese Government? of course of Government its not just a Chinese production so we don't need to worry about anything or any single government, We are Global Ruled and not Ruled by one we are Ruled by Each of Us.
Bitcoin Price Moving up by 2014
The bitcoin price is the result of supply and demand for bitcoin. The more demand there is, the higher the price goes. The more supply there is, the lower the price, The supply side of bitcoin is fairly well known, even if we look into the future. Bitcoin supply growth will drop below 15% annually very soon and finally 21 million no more then that so supply side is always lower and demand side will be always higher.
China Warns on Bitcoin but Traders are still Legal to trade.
India Warns on Bitcoin but Traders are still Legal to trade.
Singapore Government will not interfere in Bitcoin.
More then 40% of American and 20+% Globally known Bitcoin in this small movement so expect 40% global population know about Bitcoin by 2014.
New Business adopting Bitcoin and even some third party transaction are helping people to transact with bitcoin in Amazon, E bay, Walmart and such web stores.
Overstock to come on Mid 2014 and Overstock CEO clearly described why (Patrick Byrne thinks bitcoin could be a helpful addition to the payment system and his company plans to accept the currency, Youre getting rid of the interchange fees. Were paying credit card companies around 2%. For a company whose margin is 1%, picking up 2% on that is quite attractive)
Every day New Bitcoin Accepters are on the way Today you can buy almost everything from your Bitcoin House to Car and Grocery to Electronics so why not it will reach 50K? Bitcoin have that potential to reach until i will die and Bitcoin have that potential to grow that one day 1 Satoshi will count 100$.
Last All time high price Edit on: July 2017
You know my friend, it depends on how healthy you are and how safe you are, that thing you want to happen is not impossible but it will take time for it to happen, because that is a lot of money. Bitcoins proce today is increasing up to $7,500 so it is not impossible for it to reach $50k but the problem in this is can you make it in that day? Because a lot of thing can happen to us, we do not know when will be our time. As of my calculations if bitcoins will still continuing to pump like that, it will take 5 up to 10 years. And you better be safe and healthy my friend for you to achieve your dream. But we never know when will be the bitcoins end. A lots of possibilities my friend.