50k won't happen for a very long time. It will happen, just not for at least a VERY long time. By the time the last Bitcoin is mined (2050), 1 Bitcoin would probably be worth 20-25k at the max. Then the transaction fees/SND comes into play, which would still take years, if not decades in order for Bitcoin to hit 50k. Bitcoin will not die though, I can almost guarantee that. Just an estimation. 

1: Win the lottery (50 million dollars).
2: Invest 10 million into Bitcoin.
3: Buy a house, car and necessities (5 million).
4: Spend another 10 million and invest into developing a large warehouse of miners.
5: Keep the rest of the money.
6: ........
7: PROFIT 

I feel as if Bitcoin would go upwards instead of staying at its current state. Bitcoin also doesn't need to be implemented into stores such as eBay, Amazon or Walmart. (I would love it if it does though. ) I see Bitcoin rising due to the blockhalfing that will happen next year and also just how fast it is growing. Estimate: $425-$450 USD in the next 21 months. Purely a guesstimation.

At this point in time, there is no way I would even consider going full time Bitcoin. Possibly in the next 5-10 years I could see myself having Bitcoin as my primary job; I also might have a side part-time job if I would feel the need to earn some extra $$$.

Just an estimation; In the next 21 months, I can see Bitcoin going up to around $390-$415 USD/$505-$545 CAD. Complete guesstimation. 

+1. I can see Amazon accepting BTC in the next 6-9 months to be honest.   I really hope to see the day that I don't even need a bank account. For Walmart however, seeing as they take things slow, possibly in the next 3 years? Just a guess though.

Change. 

I feel as if there is no point in waiting for Bitcoin to go under 100 dollars. If anything, I would buy some right now and wait for them to go up.  

Oh shit, sorry forgot that because Xapo and Coinbase are yes, wallets but Coinbase features their own exchange so I got mixed up. +1 Thanks for correcting me though. I still wouldn't recommend the idea because of the same reason of all the competitiveness.

+1 Why would you sell your Bitcoins? Just interested.

+1 Basically what I meant.



Well even though it does change, it doesn't change as much as BTC.

Yes we do. Bitcoin is still far from global usability and the more we expand the Bitcoin network, the more the currency can be acknowledged. 

Pretty much everything the average dollar can buy. 

I seriously do not recommend this idea you have. There are already multiple huge services that new exchanges cannot compete with (Xapo, Coinbase, etc).  Sorry to burst your bubble.

Bitcoin due to wild fluctuations and how gold value just doesn't change that much.

Well, if you already have the miners and on top of that, you have the free electricity... Go for it you WILL make a profit.

http://bitmain.com/en.html 

I think that if you have FREE power for 4 years, that should be enough time to get quite a large profit. Best place to get a miner would probably http://bitmain.com/en.html. 

To be honest, I wouldn't get any. As most people said in this thread, the computer is too expensive and most, if not all cloud mining services are scams.

+1 I can confirm this will work.