Quote from: noob2001 on September 24, 2014, 07:45:56 PM

Quote from: marcotheminer on September 24, 2014, 07:39:18 PM

Quote from: professionalboatmisser on September 24, 2014, 07:36:26 PM

Quote from: Jerrietg on September 24, 2014, 07:32:55 PM

1 month = 520 usd
2 years (2016) = 700USD
5 years (2019) = 1000USD 'steady price

reason? bitcoin is great , i think it will go rise step by step and finally become Universal equivalent

If it takes 5 years to ever hope to stratch ATH again, it means we lost the boat and we'll never be rich (or we will be too old to enjoy the wealth). Maybe even it would mean the adoption is way too slow for BTC to become something that normal people is going to care about. Let's hope this is not the case. In any case, if you don't own at least 300 BTC now you'll never retire from BTC which is what everyone wants secretly, so im already kinda meh about Bitcoin. If I can't retire off it, it's pointless.

That is NOT the attitude. No one should care if bitcoin will make you "rich". Its about forming a new currency. I dont see anyone else investing in the pound and saying "if in 5 years I can't retire from a $10,000 investment" it's worthless..

Its a currency, an asset. Not a money making, get rich quick scheme.

Quote from: noob2001 on September 24, 2014, 07:39:07 PM

If bitcoin is only $1000 in 2019, then it has failed.

Bitcoin needs a high market cap to become a stable currency and a store of value.

Therefore, I think bitcoin will be above $50k in 2019

Is price the only thing that determines bitcoin's success for you?! Well, it shouldn't be.. Go read the Satoshi whitepaper please and learn about the advantages and impacts bitcoin has had/can have.

A $5billion market cap is pathetic. ie Facebook blew $16billlion on whatsapp.

In order for bitcoin to be taken serious, and to become a global store of value and a stable medium of exchange it needs higher market cap. Satoshi knew this....

A higher market cap will also encourage more innovation in the bitcoin ecosystem.

Its the other way around: More innovation in the bitcoin ecosystem wil encourage a higher market cap. Just like price affects demand. Demand (in a the ideal economic/free market model) does not affect price.