Quote from: Betwrong on February 07, 2018, 04:04:57 PM

Quote from: CryptoDemonElite on February 07, 2018, 01:25:03 PM

I read an article and found this to be motivating for those who is investing in bitcoin. I not a big fan of CNBC, but they do have some bullish news about bitcoin. Jamie Burke, CEO at Outlier Ventures believes bitcoin can reach $50,000 this year. Once the lightening network is interested, it over. So you guys better start stacking and HODL. You should also get some ethereum because it a utility token and actually have a use, that is definitely going to boom. February will be the only time for these price.

Source:
https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html

It's funny that for the second time in the last 24 hours I see this $50,000 prediction for 2018. For the first time I saw it yesterday in the Business Insider:

Quote

Anthony Pompliano, a former product manager at Facebook, is managing partner at Full Tilt Capital, a North Carolina-based early stage investment firm that is putting all of its next $25 million fund into cryptocurrency startups.

Pompliano said that while his firm focuses on investments such as cryptocurrency infrastructure and technology instead of the more volatile digital coins, he sees bitcoin's crash as a natural part of the market cycle. He stands by his prediction that bitcoin will reach $50,000 in 2018.

Actually this is not far from the truth in my opinion, because Bitcoin showed the ability to reach $20k in December 2017 and that was when according to different researches only from 0.05% to 0.3% of the world population were using Bitcoin. Of course we should understand that 100% of people in the world will never be using Bitcoin or any other crypto because there are kids among them and a certain part of people who never use any kind of money. But it's obvious that that number can be ten times higher in the nearest future. I mean, what are the reasons to think that it's impossible for around 3% of people to start using Bitcoin in the nearest future?

That is big sign that we will be reaching a bull market soon. We manage to reach to $20000 with only .3% of the world population, so it obvious with 2% $50000 is a easy goal. Once these ICO regulation, taxes, and these coins usability are in place we will start seeing some interesting heights.