Bitcoin Forum

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

https://i.imgur.com/UOOBT6g.jpg

Bitcoin is unpredictable but i can't imagine that the price could increase too high until 10 years .. 1 million usd for 1 btc is impossible to happen base on what i predict.
But since bitcoin is volatile there is possibility that the price of bitcoin can be increase more these following years.
Year by year so see the changes of the price and i think the price of bitcoin can be increase more because its in demand coin and more people are interested in bitcoin..

Impossible in that short time!  That is what i can say.  It needs a huge capitalization. I think it would be at $50k ranges.  I believe $1M bitcoin is insane and even if the price of bitcoin is unpredictable, in just a short period of time, I strongly believe Bitcoin will never reach that price in 10 years time.  Though I would be glad if I am wrong in my point of view though.

One million per coin seems a bit too much to expect, but the total amount of money in the whole world is huge. If Bitcoin can replace some financial assets or become a completely new financial asset type, who knows what might happen.

All it requires is more buyers than sellers in sustained numbers. If those numbers looked like they were on the cards you can bet sellers would be even more reluctant to let go.

No matter how many people pile in, and there could easily be 50x more by then, they ain't making any more coins per day and there are no more in existence than there are already.

$1 million in current buying power is indeed pretty silly. Being in six figures by that point is attainable if everything holds together and improves.

Honestly I don't think this will ever happen or that I'll ever think it will happen, no amount of graphs or technical analysis will convince me otherwise. It just seems like far too much to me. Even on the day it happens I'm not sure that I'll believe it.

Yeah it can be possible, but really takes time and depend also on us, for me $20k is enough for the price of bitcoin but ofcourse much better if it can be higher than that. A lot of people now are aiming for profit. But I am not really not thinking on it. As long as I still hold my bitcoin I won't need to think of that, maybe by next 5years, I could check on it if I really gain profit. Hopefully bitcoin price could really rise more in the future.

It is always nice to look at those graphs but common sense dictates that is never going to happen, the price of bitcoin is not going to grow exponentially since there is not an infinite amount of money in the world, so we must take those kind of graphs and charts with a big dose of skepticism.

Bitcoin can not go more higher than $50k, and you dont need to be 100% smart to understand that.
We are on a 250 billion marketcap, bitcoin only has 136 billions at the moment, and it is upto $8250 each bitcoin.

If you want to have a bitcoin who is worth over almost $50,000, then you need to have the marketcap of bitcoin over 816 billion dollars, and this is more than x6 of the actual price/marketcap.
It is almost impossible, but if there is more cooperation from the entire world, the whole people would start to put their funds into bitcoin, and this will make it possible to reach that price.

$1 million on 2027? For ten years everything can possibly happen and that's enough time to whatever we are hoping for. I'm not thinking it to be at that price, what's good to me is that I'm only thinking about $50,000 - $100,000 for the next ten years. I'm not going to predict that big amount if there is still no signs of seeing that. But if we are near to that rate then let's make it happen.

10 years is too short for $1 Million, and Government will not allow this. This would be a great phenomenon and every businessman will cry because of regret but for me , in my opinion This is not going to happen. $1 Million is too much though i am not judging Bitcoin that it cannot reach that price, we must still wait, let's touch 10$ first before speculating BTC1 = $1Million.

Meh it's still a long journey for bitcoin to reach $1 million. I'm not even sure the price of bitcoin can reach $10,000 in the end of the year but we are going to that price. To be honest $1 million for each coin is too much and really expensive for a coin, of course i like it but it's impossible to happen.

i do not really understand about the math properly so please enlight me about it all.
if you are talking about $100.000 i think we can understand it all because of its supply and the demand,
21 millions supply will be used by billions people,i believe we may be can see that point.
i assume it would be an asset that have a trillion market cap in the future if we're hitting $100.000
but how can you say we'll hit $1.000.000 in the next few days later on or 2027 ?
i just curious about how much is it $1.000.000 in our life ?
what i mean is who want to buy it that much ? and what is their goal buying it and pushing the price to that point ?
we are having 21.000.000 coins and if 1 coin cost around $1.000.000 how much it will be ?

It's unpredictable .Everything coud be possible . The price would be between 0$ to 100k$ in the next 10 years depend on the how much investors will invest in Bitcoin.

charts dont predict the destiny of bitcoin because it is totally unpedictable and you cant add the value of bitcoin cash and bitcoin gold to bitcoin because both of them are altcoins therefor it wont be counted if you sum up them all including bitcoin though 100,000$ by 2021 is possible to reach but im not sure if it can go until 1million$?

thanks for sharing this, i have seen a couple of these exponential rise charts before but this one seems to be more interesting with a more accurate function. i wish it was updated until 2017 though.


you shouldn't add those ever. if you want to add price of other tokens/markets then you have to add the price of all of the altcoins! because they are separate markets no matter what their names are, they may be affected by bitcoin but they will still remain separate.

besides until 10K we have only less than 20% rise and 1 month left. i think it is within tolerance level.

I hope this happen and we having $1,000,000 to 1btc and we would achieve this before 2028. Bitcoin has make a high significant progress since the beginning of 2014 till now and if will continue wit this progress tell end of 2027 we would get to this speculation price. Many are speculating that bitcoin will fell when it get to $10,000 but with the way things are going we would not fall.

1M$ for a bitcoin means that the whole bitcoins will be worth more than 16T$ (16 thousand billions). Is that ever possible to get that much money in a single market?
Anyway everything can happen, but such a value for bitcoin means it'll be mass adopted by many users, not only as a investment, but as a way of payment too.

Let us not clump bitcoin cash and bitcoin gold together with bitcoin, they have no bearing on each oher, bitcoin will hit $10k soon enough on it's own.

I expect the bitcoin price will hit $ 1M in the year of 2030,the chart shows three years earlier but anyways bitcoin will hit $ 1M in ten years.But anything can be possible in crypto currency so we have to keep alive the bitcoins by keep investing on them then the price will increase by more investors.

Technical analysis been used on keep tracking on the possible price of bitcoin in future years but seeing on this chart its impossible $1M price? that thing do only happen on our dreams. 10 years time is just too short I would rather believe that this would be a 100 year speculation. We even hardly reach $20k price how much more on million matters.Its just exaggerated assumptions.

There is nothing required to make a correlation. It all happens with regards to time. We have got the forks of bitcoin show good growth over the past few days. Also ten years is more than enough to experience a much large scale growth in comparison with the other currencies available.

Yup! and I think that year cap in the Chart was not really accurate but even so the progress in the value of bitcoin will  be unstoppable, you can sure use it as a guide in what value bitcoin have now and we can not predict on how much bitcoin will be after 10 years but the sure thing that we know about bitcoin was the fluctuation right now are so overwhelming that it is hard to speculate when the bubble can occur.

Yeah, if you look at it logarithmically bitcoin's jumps in price actually makes a lot more sense. It is simply following the norm right now. I think that 10 years, 1 million is definitely possible, but i would not say that there is a high chance.

The main catalyst here would be a fiat collapse or a financial meltdown.

That would make people turn to BTC which in turn will drive prices up for bitcoin. But if fiat stays put for another decade i don't see that much of a growth for BTC just yet.

This is too much of prediction, I don't we can get to that point. However we should at least take it on hyping it up , we should be realistic here and on what is happening right now, I don't BTC can get to that point, we have FUD persons, big businesses, big Governments who will probably let that happen

Bitcoin is increasing yes but lets not forgot the fact that $1 million in ten years is too much and overrated. I would say that having bitcoin in a million in ten years is possible but i think it has a low probability that it's gonna happen, well maybe $400k or something in ten years is possible but it's only a prediction.

That price is very high and I think it is impossible to happen. Because if you have only 1 bitcoinn you will have 1 million dollars and that's very unrealistic. Even you wait few decades it will not happen for sure. Even 100k dollars is less percentage to happen. It's better the target price of the bitcoin will be 10k dollars before end of this year 2017 before the you think that.

I can't imagine the government or the central bank of your country would even stay quiet if the prices jump blast to 100,000 USD man it would get them thinking we need to do something about these like how can they imposed controls, regulations, controls, or worst tax man everything about them is money getting the money out of their people when the reason they were established was for the people not by some selected personnel.

Then you know not really much about economics, the potential of extremely disruptive technologies or how much money is out there in these global markets.
$1million for Bitcoin is possible. However we could argue about the timeframe to reach that high number.

Bitcoin reaching $1 million by 2027 is over speculated as for me such a height in value might not be reach as speculated though. But believe bitcoin will continue to increase in value though not to the turn of One million by 2027 as Op rightly quote the speculation or as speculated by Op.

Bitcoin has grown 30000+ times from its inception in 8 years from $ 0.1 in 2009 to $ 8000+ in 2017. Lets us think that it grows at only 0.5–1% of 30000 times, (150x-300x) in next 10 years due multiple factors, bitcoin shall be anywhere in the range 500K to 1M. Imagine if it were to grow 10% of 30000x, i.e. 3000x , it will be $10M per bit coin in 10 years.

We may laugh i am sure…in 2009 people would have laughed too.

 :D

Many analitics predict such price, maybe not in 10 but in 20 yares,  for example:

Hedge fund manager Mark Yusko forecasts that the bitcoin price has the potential to reach $1 million over the long term as the network effect leads increasing numbers of investors to use it as a store of value in place of traditional commodities such as precious metals.
Yusko, who founded Morgan Creek Capital Management and serves as the firm’s chief investment officer, is noted for his bearish outlook on the stock market.

Famouse John McAfee claims that 1 Bitcoin will be worth $500,000 in three years time.

VERY few thought 5 years ago that Bitcoin would cost 8000$  ;)

Many Bitcoins will be lost on the way  -  due to:

- forgot or lost passwords/private keys/phrases
- holders who died and did not leave access for their relatives
- holders who died i car/plane accidents
etc.etc.

This means BTC scarcity will steadily increase.

My friend bought 5 Bitcoins a few years ago, just for fun, and forgot about them untill this year,  but this year he is not able to recall where he was holding them  :)

BCH and BTG are bitcoin forks, that is why can be added.   But in fact Litecoin was also a BTC fork once...

I would not bet on a fiat collapse. Many people were talking about it since 2008 crisis, but it has not happened.  In fact a lot of people's money are just burning during crisis - in bank/fund/stock bankrupcies.   There is not hiperinflation in most countries though money are printing.
People are just becoming poorer each year.

Theoretically, this is possible in the event there are only a few coins left and al lot of people only wants to have Bitcoin, however we need to also consider that Bitcoin is not the only crypto currency around, there are a lot of altcoins that can have the price of Bitcoin today, in the future, and it might replace Bitcoin as the currency, but not Bitcoin as the asset, still I don't see bitcoin hitting 1 million USD in 10 years, there's still a lot of work to be done and more and more people are just about to venture in Bitcoin.

In the case of bitcoin it can be supposed that it will achieve its target of $1 Million in the ten years we can’t predict the bitcoin for ten years but we can say that it can goes up to $ 1 Million in the future the time can’t be specified for bitcoin. When the prices goes up the people trying to sell their bitcoin as a result the supply level high in the market the ultimately the prices goes slightly down.

If it comes to $8.000 from $80, this makes 100x times price increase. Then why not for another 100x price increase next years, especially in 10 years. Bitcoin is capable of everything, adopt it and have it, the rest is happening itself.

The main flow of that chart is that it only takes into account math and not reality. Many analyses acknowledge that bitcoin has had exponential growth in the past and then go on to predict that it will keep growing exponentially in the future, but they forget the real world. The chart may be right but what happens if we have a new MT Gox or maybe a bigger one? What happens if a fork surpasses bitcoin? There are many events that can happen that could make that prediction fail.

That being said, I believe that bitcoin will keep growing for a long time.

I don't see bitcoin reaching up to $1 million in 10 years . Bitcoin growth rate is really appreciating but there will be a limit to it at some point for sure .
In 10 years , maybe the 21 million supply of bitcoin gets finished and the only way of accessing and trading bitcoin is through circulation . Then it would not be likely for bitcoin to go upto $1 million . Yes , bitcoin is very volatile and these days it is touching heights but taking such assumptions at such early stage can be pretty dis-heartening in the future.                       

Bitcoin and 1 million dollars it is look like a good dream but when i think 5 years ego  for now 8200 dollars it was dream too i think everything is posible with bitcoin and i hope bitcoin price can be 1 million dollars and we can be rich person.

One thing is for sure that it will be pretty hard for Bitcoin to achieve that kind of price level even in a span of 10 years. Why? Because of the Buyer's confidence every time Bitcoin's price goes higher all traders will have their confidence lessen as people will start to think that it will fall harder or more often and they are right to think so because the price of Bitcoin will be so volatile and price jumps will be more higher.

I think some altcoin will replace bitcoin because 10 years is too long and people are going to decide and choose a coin that is better than bitcoin.

Don't think so, as most people heard only bitcoin name.

$1 million is quite a lot, i don't think we'll see $1 million per bitcoin just in 10 years, might take long, might not even happen.

Not gonna happen! altcoins will try their best to be #1, but they will fail miserably. bitcoin always remain #1.

I don't think this possible, it may rather reach $500k in 10 years, but not $1m is way too much... Forget about the graph and chart predictions they are not always right.

I can't actually believe this, where did you get this chart from? Never actually read charts, but this chart here makes a lot of difference to all who are planning to get into Bitcoins or those who even have them, I don't even know if this is pure luck he had or this guy actually got some kind of vision. I am really sure most of the people will want to hold onto this coin and see it up and up we go. 

Here we go again.
Predictions are coming and people are saying "No, it will not happeen!" Then suddenly look at where we are now.
They will say it is impossible and yet why are we seeing this expensive price.
I dont agree much with all of this but somehow I changed. Although 1 million is far away, why not? It could happen because unlike fiat, this item is so rear and will be more extinct someday.

By the way , we can state that Bitcoin is really 10 000 now !    :D     BTC 8200 + BCH 1700    ;D

Even Jimmy Song (bitcoin developer)  considers a Bitcoin to be 1 BTC + 1 BCH    ;)

I ran into this chart in 2014 post of one of crypto specialists from Adamant Research financial company (they specialize in bitcoin and blochchain investments), and found it very interesting.   ::)

That guy said he had taken the chart from reddit.   This is all I know  :)

So...

https://i.imgur.com/TFsOGx4.png

 :D :D

These predictions are really making me cringe. $1,000,000 for ten years why not? I will be one of the richest person in my family and this is going to be enough for the rest of my life. And by that time I'm quite older and have a family to feed still I'm waiting for this to come. I want it and if possible let it make earlier, make it happen as soon as possible.

I think it is too fast for Bitcoin to reach those heights. 1 million dollar is a serious value and going there in just ten years seems to be too good to be true. I admit that I want Bitcoin to reach that, however, it seems dangerous for Bitcoin to pump that fast. A slow and steady growth is still beneficial for Bitcoin.

There has been a significant increase in the market value of Bitcoin since 2014 and speculating that Bitcoin value will reach  $1 million for just 1 Bitcoin by 2027 is a possibility that may happen. Although I believe the speculation should be put in probability on whether it will come to fulfilment or not and i strongly believe that Bitcoin market value Will increase significantly but not to the turn of  $1 million by 2027.

Is it possible that in ten years bitcoin worth 1 million $?Of course it is possible,but in my opinion it is difficult to achieve that goal.To achieve this, there should be a steady growth of 50%+ over the next 10 years,which certainly is not impossible if we take into account this year's level of growth.

So if we end this year with 10 000$ price and try to calculate that price increase 50% for next ten years we get this numbers:

2017. 10 000$

2018. 15 000$
2019. 22 500$
2020. 33 750$ (halving)
2021. 50 625$
2022. 75 937$
2023. 113 905$
2024. 170 857$(halving)
2025. 256 185$
2026. 384 427$
2027. 576 640$

2028. 864 960$(halving)

It would be wonderful if half of these speculations become a reality,I personally aim at 100k per BTC and I am hope to see that price in next 5 years :)

In my opinion this won't ever happen. Fees will become too high and who could possible invest in bitcoin at that price?
Lets say someone want to invest in bitcoin 1000$. With million $$ price investor will get 0.001BTC and will pay 500$ fees for next transaction.
It is easiest example why bitcoin can't reach million dollars.

Right now we're very small in number compared to that of the paper money usage. In an approximation we might be contributing around 1% of the world population. By now we've got to be over $8000 and when the user community increases, then surely we'll surely reach $1m.

 Yes it is not impossible that the bitcoin will take that rate , I support it .

If you look into the top of the chart, you will see the annual growth mentioned there:  
2012 -  694%
2013  - 446%
2014  - 339%
and so on.

- so far growth is much more that 50% a year.

1 year ago price was about $1k - which means 8x (!) increase over a single last year  ;)

There will be definetely bitcoin  network scalability improvements on the way. Next year a lightning integration is planning.  As mentioned on their web site :

Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians.

Low Cost. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.

Well if you look at it, it's not impossible. Day by day we see more businesses that implement bitcoin and more people investing and getting into bitcoin. When I got into bitcoin and started learning and earning it, I knew 1 person that actually knew what btc is and today every other person knows what it is and a few that started mining btc with alts and investing in it. I wouldn't say 1mil but somewhat close to that but certainly over $500k for sure. And when bitcoin get's to the price of over $20k we might see some of the biggest investors out there, we can see taht rise even today.

This is true,BTC price increase is incredible over the years,and this year is really great.The question is whether such growth can continue in the next ten years,because in that case we will reach 1 million $ long before the period of ten years.I just gave an example what price will be if we have only 50% increase every year.But we do not know how hard/easy will be to go from 10k$ to 100k$,high price will probably bring a slower growth.

Today, during 1 day Bitcoin has 6% increase, from 8200 to 8700  :D

Though this is not an indicator, but I was expecting this from day to day.

I agree with this, bitcoin is growing and in ten years the growth it is going to continue but to think it is going to reach 1 million dollars for bitcoin is to not have our feet on the ground, we will need that almost all the economy of the world to begin moving in bitcoin or we are going to need a severe economic crisis that creates huge inflation at that point 1 million dollars will not be much money, and neither scenario seems that likely.

Don't expect too much in bitcoin because even you wait more years or even hundreds years the price of the bitcoin will not reach 1million dollars. I think we need to talk abouy the price of bitcoin possible to become 10k this year . For me the highest price of the bitcoin is 50k dollars only. But everything is possible to happen but we don't know what is the price of bitcoin if it's increase or decrease.

I wonder what would you say 5 years ago (when bitcoin was $5) about future prices?   Maybe that highest price would be $50  :D

Hey guys, BTC rose 1600 x times since 2012.   If you apply even 10x increase to the current price, you will be close to 1M already  :D

The BTC will not cost 1 million net dollars, what will happen is that it will replace the dollar and allegorically it will cost the value that represents one million dollars today, but that can happen through many factors, that we all have access to one million dollars. dollars, that the dollar ceases to exist or whatever.

Well based on my observation, bitcoin will increase in the future but still it is so unpredictable because sometimes the value of it decrease. I guess that the highest price of the bitcoin is 45K dollars. But who knows, maybe after 10 years it will reach $1 Million.

Not a bad statistics from the gold of the internet. As a commodity, it is obvious that bitcoin will reach these price. I wonder how long the whales are gonna hold and how people will react to these. If we think that whales are controlling the price,maybe for now, but if they will start to sell their coins, scattered people will buy them slowly. This moment will come and lets see whats price will whale sell their bitcoins.

Even tho that such charts are based on logical interpretation of what we lived and are living now and that this makes sense in a certain way , but we don't really know what other parameters could make a variety of different obstacles to bitcoin's growth and we already saw this lately when china banned bitcoin trading and made companies acquire licences to be able to trade in a hopeless move of the government to gain control on bitcoin traders . A massive increase in electricity costs around the world could be a certain fall off of bitcoin's industry too since it is draining a hell of energy to get it's value from and this could mean the extinction of man kind if we run out of electricity .

I am very surprised by such forecasts regarding the price of Bitcoin, but I also really hope for the huge growth of Bitcoin. Maybe somewhere in the future Lol, I will become a huge whale too.

I would disagree:  electricity consumption benefits to economics, it creates workplaces, gives good income to power generating companies, and transfers taxes from them to governments.  

Fears of running out of electricity have on basis, because there is nearly endless power source from solar, sea, water etc. energies, though some of them are quite expensive now, bit this is chaging rapidly.   Take for example Tesla solar roof tile - it will cost similar to ceramic shingles, but brings free power .

Bitcoin nearly reached $9500 now, so the chart's prediction of $10k price on Nov,22nd  is not too far from reality  :D

Bitcoin price can grow till infinity but it will not happen. Eventually we reach a price where the market will be stable. My guess is that we reach this price in a couple of years.

Remember that when big WS money comes in we may see the price manipulation stop.

Maybe soon or later it reaching $1m has got more chances. In ten years time, the growth in terms of user as well price will increase, because the user network at present hasn't reached even 2% of the population of the entire world.

This is a very nice view on  what has happened as interpreted on this chart. Bitcoin has make a very significant progress since the beginning of this year till now and this chart prove that this movements did not start from now but way back 2014 and we are heading toward $100,000 maybe before 2025 as pointed out by this chart. I have been trying to increase my knowledge on the reason why bitcoin has been increasing in price and how to track this movements for the benefit of not selling my coins too early.

Another pretty chart  :D

https://i.imgur.com/KtmnNgb.jpg


- this I would not believe though  :)     as it shows 100x price next year  :o

Haha, I saw that chart too. The parabolic curve is about to go parabolic on a logarithmic scale ;D

Makes you wonder if some day a Bitcoin will be worth more than a Rembrandt.

Added the missing part of the graph.  

You can see the end of 2013' price drop from $1k to $200, caused by Mt.Gox bankrupcy.  Without Mt.Gox the graph would be more "good-looking" and closer to the trendline  :D


https://i.imgur.com/3NC5amA.png

I do think it is impossible, do not get me wrong I believe bitcoin will be very valuable by that time but there are many things that could happen and that could affect the value of bitcoin, for example if bitcoin becomes too big of a threat to the governments then it is very likely we could see a worldwide ban on bitcoin in the future and that could decrease the price of bitcoin.

if bitcoin become a threat to the government, then they will use many ways to try to stop bitcoin. and if finally, bitcoin is ban in many countries because of the price is a threat for the government then maybe the price will be drop too deep because people are too fearful to use bitcoin and they would stay away from bitcoin.

but I do believe that bitcoin will become something that we should have in the future because bitcoin will be worth for a long term and the price will reach over $20k in the future. with so many people and business try to use bitcoin, it gives a good impact on bitcoin price which is the price will increase. I cannot imagine how if every people in the world know bitcoin and they use bitcoin, maybe the price will increase too high.

John McAfee agrees!  :D

John McAfee Ups His 2020 Prediction to $1,000,000/BTC

http://www.newsbtc.com/2017/11/29/john-mcafee-ups-2020-prediction-1000000-btc/

The history of bitcoin was flat spots, spikes, crashes and more flat spots.

But each time the long flat period would be at a higher level than the one before.

https://i.imgur.com/xGDhvyG.png

I remember all these figures not only with emotion, but also with great envy, because I would very much like to return at that time and buy Bitcoin for all the money that I could collect. 30 cents or even 30 dollars, it's almost Nothing, compared to what's the price for today.

You have a point there but I think that it is not wrong too dream big like that. After all, the interest in bitcoin is growing and it is possible that it will be bigger than what we think about that. Yeah we should not expect but I personally think that such things is possible for bitcoin and also for other cryptos. Crypto currencies will be the center of interest in the future especially if more people realize how beneficial earning and saving these coins and tokens.

For the next 10 years we all don't know what happens with digital currencies like bitcoins.
It is possible that the bitcoin price touched $ 1 million per coin and possibly the bitcoin value will decrease.
Nothing is impossible in the crypto world, But if the price in 10 years happens, I'm afraid it will have a major impact on global finance And cause the world economy can be a crisis.

You can not make money from what everyone knows. I do not think bitcoin will reach 1m dollar in this sense. But still too many people dont know whats bitcoin. As it gain a widespread usage, its price will increase absolutely.

bitcoin start 2017 with 1,000$ and may end 2017 more than 10,000$ so if every year increase 1000% will reach 1M in less than 10 years .

it is dreams but bitcoin can do it.

I think the biggest threat to Bitcoin is inventing some new technology which will be able to break it - for example Quantum computers.  

Even announcing that such tool really exists may drop BTC price significantly, causing massive sellout.

Sure.   There is a Metcalfe's law which states that the value of a network is proportional to the square of the number of connected users of the system (n2).

We know that each day Cinbase connect 100 000 new users (!!!).  This must lead to increase in usage of Bitcoin.

https://i.imgur.com/pcHaaBv.jpg

If it increased 10 times each year, it would reach 1M much faster than in 10 years.    In fact speed of increase loweres a little each year - you can see the figures on the graph, in the top line.

That was a good chart stuff honestly. And some bitcoin celebrities claim incredible prices for bitcoin in the future. They make their claims with respect to technical analysis. Let's wait and see the result patiently.

Accounting ‘Big Four’ PwC accepts bitcoin payment in Hong Kong

The firm says it plans to broaden acceptance of digital currencies for payments

It is not immediately clear whether Hong Kong is the only branch within the PwC global network of offices that accepts bitcoin as payment. The firm said that apart from bitcoin, it would also accept other liquid, and established cryptocurrencies, especially from clients it advises in the broader crypto space.
For now, they include clients involved in token sales, crypto exchanges and launch of crypto funds.
“(This decision) is also an indication that bitcoin and other established cryptocurrencies have now developed into more broadly accepted forms of settlement,” said Raymund Chao, chairman of PwC Asia-Pacific in a statement on Thursday night.
A source closed to the firm said that with cryptocurrencies becoming more widely used, the firm was also prepared to consider requests from clients that do not participate in the digital currency sector.
“As the firm works increasingly with companies in the digital asset and cryptocurrency space, it believes that accepting such payments will evolve into an element of doing business in the normal course,” said the statement.

-------------------
More will follow  :D

Another very nice chart in a logarithmic manner  :D

Log charts are better than linear charts in measuring performance over long periods of time. A jump from 1 to 30 will look tiny compared to a jump from 100 to 200 in a linear chart, even though it is a 3000% increase versus a 100% increase. A log chart fixes this problem.

We can see on this all-time price chart that since Bitcoin was invented, it has been on a steady upward climb, with some major swings in between. You’ll notice that in the early days, the swings were actually bigger and more volatile.

Three times in the history of Bitcoin, the price went parabolic, meaning it went almost straight upwards on the chart. An almost vertical climb on a log chart is hard to achieve unless the price goes up very very fast. This was the case in 2011 and twice in 2013. In both years, Bitcoin increased by at least 100-fold. As you can see, in this 2017 climb from $1,000 to $11,000, we haven’t formed a parabolic uptrend just yet. It will need to track upward towards $100K really fast for that to happen. We are not there yet and in fact, we have a long way to go.

https://i.imgur.com/NxUlA4b.jpg

This is irrelevant, the most important thing is that a Rembrandt be priced on bitcoin instead of dollars, and instead of being marveled at the amount of millions of dollars the rich people use to buy it that we were marveled at the amount of bitcoin someone used to buy that Rembrandt and if things continue at the current pace it is very likely that future is going to become a reality.

That is something very surprising. Maybe it could happen, but it takes a very long time. At the moment, I can only hope that the price of Bitcoin can reach $ 100,000 to give me a 10-fold profit on my investment. I have not thought for 10 years, if I wait for Bitcoin for 10 years, I think it will be too long for me, and I must be old. So I hope and monitor the price of Bitcoin for 2 or 3 years only. I hope the price of Bitcoin can increase to 10-fold or 20-fold in recent years. But I always wonder, is it because more and more people are using Bitcoin, Bitcoin prices are getting higher?

Not going to lie you have a nice theory going on there with previous prices and btc growth, however there are a few things you need to keep in mind that play a role on price increase which are: Supply and demand. One of the reasons that the price of BTC sky rocketed this year is because a lot of new people entered the field of cryptocurrency which is great and with all this `new money` coming in the price of BTC increased for it to reach 1 million a lot of `new money` would have to come in on a regular basis! It's not impossible but rather unlikely maybe 10times the current price. Still very hard to predict.

Ignore a 20% to 30% drop in bitcoin because the longer trend is up

Looking at the history of the previous selloffs for bitcoin, it has crashed over 30% every quarter since its inception. The biggest drops came in January 2015, when it dropped nearly 59%, and in March 2013, when it crashed nearly 70%.

 ;)

an absurd idea, OP - now that we're mainstream and there is more light shining on crypto, it becomes less possible for these outlandish predictions to come true. There is more gas left in the alts by now.

Bitcoin will be worth more than 1 million USD in ten years.  Calling it now!

Not sure about alts. Some predict most alts will blow.  Let's take Ripple:  crasy token with dozens of billions units supply - with no real use. No banks are using it, as was declared.  And it surpassed many tokens with real value.  Absurd  :D

Why now? What has recently happened ? :)

To me this seems to be unlikely, we are not going to see something like that, there are many things that could happen in that time, governments could ban bitcoin or legalize it, or anything in between, also 1 million per bitcoin no matter how much we want it sound kind of ridiculous.

This prediction is more possible to happen in ten years, and as new buyer of bitcoin i probably hold bitcoin more to have a chance to be a millionaire someday

Interesting that total crypto capitalisation increased more than 2 times during 1 month - from 300B too 700B.    

And most new money went to altcoins and shitcoins  ;D


https://i.imgur.com/2aiKD5E.png

You expect Bitcoin to be that high? Maybe $500000 but not a million dollar. Bitcoin is so unsure nobody could even predict a minute of it. The users are the factor on Bitcoins growth and its not possible to last for more than 10 years i think somebody will stop Bitcoin from Working i dont know how to put it but i feel it.

Yeah, i kinda agree with this bitcoin growth prediction chart but bitcoin value is going to be on another level once the "Lightning Network" is implemented because of that, i think bitcoin price could reach $1 million in less than 5 years, or let's say five years max.

Nice charts from the video talking about recent BTC price drop  :D      

You should not be worried about this, just keep HODLing  ;D

https://i.imgur.com/G3xNaiy.jpg


and video itself:

https://www.youtube.com/watch?time_continue=2&v=3J0Ng_g0q0Q

It is obvious what they are trying to do, the are trying to buy bitcoin but since bitcoin is so expensive that is making alts attractive, then when the price of those lats goes higher they sell and get bitcoin, a lot more bitcoin that thy could have gotten otherwise if they bought bitcoin directly.

   Cuteman I follow marketcap every day and you are right when you say
that most of the money went to alt-coins. Ripple took most of that money
probably, and now Ripple market cap is over Ethereum, and now it is
second right behind Bitcoin.
   Slyfox to me it is not obvious that people are investing in alt-coins just
cause they can not buy bitcoin. I am the one who is buying both with my
money cause I think future is in crypto-currencies. Bitcoin can not take care
all of our needs itself, there will be no enough Bitcoins for all the people in
the world. Many more alt-coins or shit-coins, give them name as you like,
will worth much more then they do now.

I think about bitcoins like it is gold and all other altcoins as foreign currencies. We just trade bitcoins as a way to move into altcoins and we will in the future use altcoins to transact than use bitcoins as a way to transact since I think altcoins are better suited for use in transactions that bitcoins. The truth is, bitcoins are slow to scale, we need a whole lot of consensus before it gets upgraded to be usable for transaction, which is hard to achieve. Unlike using the current altcoins that are already designed for specific transactions.

What a horrible expectation, I think you think too much exaggerated. Let guess first this year, it's seems that bitcoin are in big challenge since ripple are surprisingly increasing up.

I just think that several days bitcoin was surpass by any crypto in digital world.

Apparently Bitcoin today is really going through a very big danger, because everything around the altcoins are growing in price, and even the etherium has its own importance. But I do not know if Bitcoin will return to its past value of $ 20,000. This maximum really made me very happy, But today things are much worse.

You can see that most altcoins started retreat - this was inevitable, especially after such huge increase.  And bitcoin, as in most such cases happened before, is beginning to win.

If you told someone in january 2017 that btc would hit 20k, you'd be hearing chuckles and they'll likely say its an exaggeration as well. 10years is a long time and i'm also not very optimistic about that happening but one thing with crypto us that things can happen that's beyond anyone's expectation, sometimes is a short span of time

See we are talking about btc growth after ten years and its difficult to predict or say impoisible because we cant exactly say what could happen even after ten days so only price speculations can be done.At current the prices have reached $15000 and if all the problems are solved and mire buyers and investors gain interest in these year over btc it can definitely reached that milestone as it has potential to grow past growth tells us the same thing.So we can only wait for the time to come.

https://i.imgur.com/gOuxWfB.jpg


Well, Bitcoin has stabilized at almost exactly $14/coin.  I'm tired of waiting for a jump, so I'm taking the loss and getting my cash back  (from someones' 2011 tweet)

  ;)

be patience for a while, I am sure that the price will be increasing soon. this is just a correction and it is better to buy bitcoin again because the price is under $10k and if there are any of increasing of the price, you are ready to sell to make a profit. I think you don't have to feel for waiting for the price because you still have another chance to trade the altcoin and who knows, you can make a profit from trade the altcoin.

Making it to the $1M price in 10years makes it too ambitious for me. I know there's no limitations in every speculation. But what happens now is a bloodbath, as this will need enough time to recover and make a new bull run. I'm optimistic that the price will gradually move up but the $1M for 10years will be too much.

The $1M for 10years won't not too much. Just overcoming the challenges of governments in the next few years, every possibility can be successful.

I thought you are the one that's tired of waiting for bitcoins jump. I have seen a tweet also from the past that says that he's also feeling sorry that he sold at centavos because bitcoin pumped to $8. And that tweet came from 2011 IIRC.
It's ambitious and the only person I knew that it will be at $1M is John McAfee and guess what he did said that it will happen on 2020 that's a crazy speculation right? We can see a bloodbath now but we can't tell where bitcoin will be lead 10 years from now.

I think 1 million is too much but there is a possibility that this will be happen, maybe after 10 years many country will already accept bitcoin that time and if that happen bitcoin will be more successful.

I think we are still in the beginning of the crypto mass adoption.   I would like to remind that US dollar has lost over 95% of its purchasing power since 1913 due to excess monetary inflation by the Fed by creating new money. This has been the main cause of the 2,000% increase in prices since 1913.

https://i.imgur.com/puTOrrB.jpg

I am not a fan of the technical analisys,  but for those who may feel scared and dispaired now during big decline, i would like to put a picture which I have seen recently :


https://i.imgur.com/KKjCr8U.jpg

so I think with a base on that image, we still have much time to collect more bitcoin and waiting until at least may-june 2018, right? and if the picture really happens, then we really make a big money in the middle of this year. but the price now is also making people scared because they cannot see the price is starting to go up but only down more and more.

BTC drops happened many-many times, and each time some people predicted its total collapse.  Like said Paul Krugman recently :  "We're now in the late stage of a bubble, where things get cruel"  :D

I wonder, will we go to the $50k price till end of the year ?  ::)      We may have reached the bottom recently.

Shurely price is dependent on many factors, icluding attempts to ban crypto in different countries.   But Progress can not be stopped.  :)

https://i.imgur.com/HlDdpw9.jpg

first, I don't think that the government will want to ban crypto and I think they don't see the benefits of cryptocurrency. although it is difficult to reach $50k in the end of the year, we still have many times to reach that number and I agree with the progress that cannot be stopped. maybe we need to reach $10k in the short-time and then the price will increase to $15k and slowly will increase to the higher price.

We can speculate whatever we want bitcoin's price will be in the future but it's good to see some speculations like this. If that will be the price of bitcoin in the next 10 years, then i will probably hodl my bitcoin today.

Some thoughts about the BTC future.

According to Bitinfocharts.com, the 100 richest bitcoin addresses only increased their savings during the 65% fall,
and the owner of the most expensive wallet with 167,203 bitcoins won at each of the six major corrections of 2017.

So, these gentlemen don't just don't believe in the fall of the bitcoin, but rather rely on its take-off.  :)


Accordingly, we are waiting for an increase in ROI, but do not forget about the current grim reality ;)

Yes, 10 years from now is that bitcoin will really increase in its value and it will really happen, do not worry guys as this will really happen in the future if we will just continue to support bitcoin as this could be a million or more than a thousand dollar worth, what we just have to do is to wait for the time for this to come.

This confirms what I have been thinking for a long time, those that are selling are just weak hands the whales are not cashing out in fact they are getting bigger and this is even at these huge prices, I do not know if they are ever going to cash out but this is an example of what your average bitcoin user should be doing, trust in bitcoin for the long term and eventually the profits will follow.

Here is the biggest bubble of the Mankind  ;D

https://i.imgur.com/UBWVUka.png


Between 1959 and 2000 the Earth's population doubled in just 40 years. By one estimate, the number of new mouths to feed each year peaked in 1989 at around 87 million (roughly the equivalent of Ethiopia's current population). In 2010, the planet was still adding 1 million people every 4.8 days (US Census Bureau 2011).

That's a really high speculation I mean I get it bitcoin is unique and with the limited supply it could be worth way more in the future but 1 million can take 20 years or even more until people make a shift from gold to bitcoin
Only one problem is who would demand bitcoin ay such a high value?

Most part (54%) of people posessing bitcoin now ,  keep less than 0.001 BTC on their wallets.    Another 36% keep from 0.001 to 0.1.

And only less than 3% from them have more than 1 BTC at their disposal.

1 satoshi is one millionth part of Bitcoin, so even poor people will be able to own a part of Bitcoin when it reach $1 mln. 

Where did you get that statistics mate? If that's true then those people who have less on their wallets needs to start owning more than 0.001BTC while its not yet $1,000,000. I'm keeping one bitcoin and believe that it will go higher as that price and I don't have an idea on how long I'm about to wait until it hits that speculation.

This have a connection to the growth of bitcoin so comparing the growth of population to the growth of bitcoin can have resemblance.

Hopefully. Because we all hope it will happen. However, sometimes i think what about people who do not know bitcoin when economic conditions worse than us?

On the surface, this sounds crazy. However, about 6 years ago, Bitcoin was trading around $100 or less. Even after this crash, Bitcoin is around $10,000 which is about 100 times what it was 6 years ago. Bitcoin would need to increase to 100 times what it is now in 10 years to reach $1 million. Even though it may be unlikely for that to happen, I have to say that it is possible.

I don't think bitcoin will reach that high. There are so many challenges on the way of bitcoin. Like fake news about bitcoin and countries banning it. But if bitcoin will overcome those challenges that will stand its way. I think bitcoin will grow even more. But not $1M. Maybe a hundreds thousand dollar.

never cut it out that does not make sense of it, you think too much about prediction and always count your chickens until they hatch. we may ask for predictions, but with a note to be reasonable! do not ask for future predictions or 10 years from now. prediction is a prediction and in my opinion no one can answer it, let alone the price in the design fluctuate this, do not ask something that is still far away. just try to ask if anyone can make predictions in this year? will be at what bitcoin price this year? IMO this year alone is hard to guess, let alone predict the years to come. we focus first increased performance this year because I think the results or future profits depend on the current performance. ;)

Fake news will eventually be overrun. And not a few believe that btc will actually hit that 7 digit mark sooner or later. Though i don't know how exactly tgat can happen, i think btc has the potential to do wonders that we don't expect. Acceptance and adoption would be the key for bitcoin to reach that amount and it's remotely poasible

It will be interesting to get the source of that data, if that is true then most addresses contain almost no bitcoin, which is not surprising since the distribution of fiat should be similar but it is something I was not expecting, if those statistics are correct then that means that most people in the forum are way above the average in their bitcoin holdings and that maybe in the future our holdings will be worth a fortune.

It's just too hard to imagine at the moment, just like it was to hard to imagine btc at 10k when btc was a couple cents.

Check below picture.  You can see that only 3% of wallets have more than 1 BTC.   This Bitcoin distribution is like wealth distribution:  only insignificant qyu of people keep majority of wealth.

https://i.imgur.com/7sFgUaE.png

i think bitcoin can go far than 1 million in ten days and if 70 percent of total world start to use bitcoin n next three to four years this milestone will be achieved soon so it all depend on the no of users.

In this feild where prices fluctuates each second predictions are just dreams which could turn into reality and not so we can't say what will be the prices in ten years but i think that the speculation you have made seems exaggeration because it's too high and if the trend continues or will never reach there as whales always hinders it's growth trying to crash it.

Bitcoin is always surprise its community and the world of cryptocurrency lovers because of being always volatile whether it is favor or not to the holders. And if I will focus on the chart maybe I will believe that it will really hit in the year 2027 but I can not keep myself on thinking the other side that this is too much and just an exaggerated speculation. I believe that bitcoin will always hit the higher price more than from the past but not up to 1M,this will become more risky for all.

I do agree that bitcoin does have a lot of potential in its blockchain technology, and the values of bitcoin will have a high chance to surge to another high record as times goes by, but I think it is highly unlikely for bitcoin to hit the price of $1 million per bitcoin in ten years time.

Thanks for the picture, it is incredible almost all the bitcoin wealth is concentrated in that 3% and if we take into account that many people keep several wallets and addresses then it is fair to think the amount of people with that concentration of wealth is way lower than 3% of the bitcoin users, which means if bitcoin really becomes massive and adopted all over the world those which have those bitcoin holdings will become the new elite.

actually bitcoin prices nobody can predict, because bitcoin is a purely digital currency in motion only in terms of demand and enthusiasts who really want bitcoin, otherwise the bitcoin price will definitely go down and if you see and analyze the increase and decrease bitcoin also affected from the info that was reported in some developed countries that have been using bitcoin they make information to ban bitcoin and new players will definitely panic and sell bitcoin they have, so basically I think bitcoin really can not be predicted. no one knows what bitcoin price in the future.

Cool  ;D

Then i think i'm not gonna sell my BTC until 2021 or even later.
Even if the price drops temporarily like now, those milestones will be finally reached

Why it is fun to read the messages of other forum participants. Such interesting forecasts for the future, from which you want to write a fantastic book, but interesting here is another, Where does such information on the big prospects of Bitcoin for the future.

what is true and sure about bitcoin it is volatile. Although we are making our own analysis and speculation it is just remain as a theory and nothing more nothing less for that.
Only the volatile naturality of bitcoin is our chance for how bitcoin will survive from every critical situation. And every too much speculation can possibly misleads us and that would be frustrating if we can not meet that too much expectation.

Cryptocurrency industry analysts have recently aired caution about short-term price prospects for Bitcoin.

Regular commentator Tone Vays had warned during recent highs that until resistance around $12,000 was cleared, prices would continue to post lacklustre performance - and could even drop lower than current levels.
“There really is zero large-scale institutional money from the west in crypto right now”.

I think  there is no reason to panic at all.  This is something we see a lot on different markets.

A lot of FUD going on right now with all central banks willing to regulate the cryptomarket.   

Actual BTC low levels may be caused by Mt.Gox liquidity being sold by Japanese Government.

My view is still very optimistic with the current market and ongoing mass adoption.

 :)

Tech investor Tim Draper predicts bitcoin will reach $250,000 by 2022

Venture capitalist Tim Draper predicts bitcoin will multiply by 30 times within four years.  He made the forecast Thursday evening at his "Draper Block(chain) party" in California.

"It sounds crazy," Brian Kelly, founder and CEO of BKCM, an investment firm focused in digital currencies, told CNBC. "But think about it this way: that's 4 years from now. That's a 3,000 percent return from here. But over the last two years bitcoin has had a 4,000 percent return. It would be a continuation of that trend."

very interesting chart in below link!  :D

Bitcoin Price Prediction Tracker    ;)

The red line steadily grows to $ 1,000,000.00 per BTC. Move the slider to zoom

The math behind it

Is this really possible? Bitcoin needs to grow at a rate of 0.484095526 % per day. That is the red line on the above chart. As long as the blue line is above the red line, we are on target. Hover over the chart to get daily prices :

https://fnordprefekt.de/

Currently we are exactly on the right way to $1 million, if you look into the chart from  https://fnordprefekt.de/     ;)

https://i.imgur.com/i0MFtr3.png

Bitcoin has “died” for the 300th time!   :o

The site 99Bitcoins maintains a “bitcoin obituary list” with articles claiming that the bitcoin movement is dead. The latest milestone came following an article from Forbes published on May 30 that argues bitcoin will not survive because of the huge amount of electricity required to mine the coin.

Bitcoin has already “died” 62 times this year, according to stats from 99Bitcoins.  ;D

Apple co-founder Steve Wozniak believs bitcoin will emerge as the global currency of the internet. 

Wozniak’s comments mirror those of Twitter CEO Jack Dorsey, who made a similar statement last month. “I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking,” Wozniak said.

Twitter CEO Jack Dorsey recently said he believes bitcoin will become the single currency worldwide.

https://www.cnbc.com/2018/06/04/apple-co-founder-steve-wozniak-hopes-bitcoin-will-become-global-currency.html

The mysterious reason behind the recent bitcoin sell-off may have just been uncovered

Fundstrat’s Tom Lee recently confirmed a previous report that the price of bitcoin drops toward the end of futures contracts.

In a note to clients, Lee said he followed up on a report from Raptor Group’s Justin Saslow. His office compiled the data and found that the price of bitcoin drops 18 percent in the 10 days prior to the expiration of Cboe futures contracts. "A broader observation is there is significant volatility around these expirations," Lee added. "And on average, the price recovered by day six [following expiration]."   - CNBC

In my own opinion, it might happen in the future if every year, the price of bitcoins will be double like it goes up to $50k dollar this year then next year it will multiply again, most of the cryptocurrency analyst is expecting for the price of bitcoins to increase even more in the future.

This is a hyping topic. Will i hope it does!  but right now lets be realistic and lets keep our hypothesis near to the truth and not make bold and over prediction.

Your expectations are too high, 1 million is a high value and I think it will be difficult to achieve, although it should take some 10 years to come.

John McAfee even gave a prediction that bitcoin will reach $1 million and it's not for ten years but just for 2 years. But he's no longer credible after his acts about shilling coins.

It will come but we don't know on when it shall come. We don't have to think about $1 Million as of the moment. We have to see it finally recovered from the big correction that it went through.

Definitely bitcoin price will not hit $1 Million after ten years or ven few decades you wait. Maybe the demand on the bitcoin will out of stock because the only highest price of the bitcoin is probably range to $50,000 upto $10,000 each bitcoin and no specific yeat when it happen but I hope after few years from now the price will reach that.

$1 Million is possible if the US dollar will become cheap like if you will buy a candy it will cost you $5 each but if we base on current US dollar rate in which 10 years from now it will  be still the same rate then it is very impossible to reach the $1 Million mark because for me the more Bitcoin will become expensive it will also become more expensive to purchase for an investment in which if this will happen then for sure small time investors will be force to shift to Altcoins which is much cheaper for an investments.

No one knows ;D it's possible that bitcoin will reach that amount in ten years, but in my opinion it will take 30 or even 50 year before bitcoin will reach that. Pardon me for being negative this is my opinion only

Well, $1million is very high amount to reach. But i guess bitcoin will reach that amount. Bitcoin makes some impossible things happen. So the only thing we would do is earn more bitcoins and prepare to celebrate after ten years of waiting.

I am very happy to read this thread, because lately I often see a thread that drops bitcoin.
before bitcoin prices reach $ 100k or $ 1 million, let's collect as much bitcoin as possible.

so this is just a prediction? there will be two possibilities, namely bitcoin price will reach $ 1 million or bitcoin price will not reach $ 1 million in 2027.
it is beyond common sense, but anything can happen.

Mate, that's in a year and a half, not ten years. Also you need to zoom in on the graph to see that we're bellow the red line at the moment.

I have a huge faith in bitcoin like many people in the forum but to think it is going to reach such prices seems ridiculous to me, I think by that time we could reach something like 100k but to reach ten times that price we will need a huge shift in the economy and how bitcoin is perceived and while a lot of things can happen in that time I am not really convinced that is going to be the case.

Lol. Ten years. Probably another alt has taken over btc then as the leading crypto coin with the most people support. But I believe in bitcoin and i'd happily hold my btc's for half that time even if it doesn't go close to 1 million.

1 million is a very high value, I never thought bitcoin would reach that value, although in the next 10 years I think the maximal bitcoin value will be around 100k. I hope bitcoin can survive for the next 10 years instead of going up that high.

Well prepared chart dude. Good one. Bitcoin's growth value is totally depend on the investors,  demand and it's circulation. The more the value grows up, we can expect more investors pitching in. Let's look at this year's growth.  If the value hits minimum $35k in December and remains back around $15k to 20k in Janyary and February 2019, yes obviously we can hope for the million target.  Hope this happens.

Things are not so simple there are many alts claiming to be better than bitcoin and to be able to surpass it, and to this day how many of those coins were capable of doing it? None, and it is going to remain that way for a long time, sometimes people forget that bitcoin is not only a new technology but a currency as well and any currency at the top of any market has a decisive advantage over its competitors and if you do not believe me just look at the dollar.

it is the theory of the bitcoin, we dont know about the real things that happen in the future, maybe all people will leave bitcoin because there are new platform? or maybe bitcoin will reach $1Million less than 10 years because all people is using bitcoin in their country? we all dont know about future and we can't make a speculation. so from right now maybe we just need go with the flow

Charles Hoskinson, co-founder of altcoin Cardano (ADA), tweeted June 20 that the entry of Wall Street into the crypto sector will bring in “tens of trillions of dollars:”

https://i.imgur.com/s5TPauh.png

Cardano, which is currently ranked 8th on Coinmarketcap, has a market cap of around $3.5 billion. Charles Hoskinson was also one of the founding members of Ethereum (ETH), crypto startup Invictus Innovations, and crypto tech company IOHK.

When asked by a commentator what exactly the crypto community is building, Hoskinson answered “an entirely new world:”

https://i.imgur.com/PTloE8U.png

Yes i think the as there is no other alternative like bitcoin hence it will always remain on top.

I think it will not reach to $1million anymore because of what is happening right now. I dont think if bitcoin will rise rapidly whaT happened last year. And because there is lot of negative news about btc that affects its value.

You are being too negative, it is right that right now these are very difficult times for bitcoin but this does not mean this is going to last forever, this is just a bad moment in the market, it is just a moment, but in the future the market will recover and a lot more than that and if you are not there to take advantage of the market someone else will.

Bitcoin for 10 cents in ten years. I'm sure everybode will be sure that it is worthless.. It is not a currency, it is nothing, just hype

I can say wow, I will make sure that I am waiting for that price and I will hold my bitcoin until I see that price. ten years is not too long and I am sure that many people will wait for this too especially for bitcoin user. $1 Million is a huge money that we can imagine and with only have 1 bitcoin, it means we are making a lot of money. I am sure that the market will recover so the price slowly will increase higher and higher although we are in the lower price right now and soon, everything will be back to normal.

Jordan Belfort, better known as the “Wolf of Wall Street,” believes bitcoin’s demise is imminent.

Belfort said in a recent interview that bitcoin’s price struggles in 2018 signal the beginning of the end of the top-ranked cryptocurrency. He advised hodlers to get out now before the price completely crashes. “Everything is wrong with  BTC,” he said. “There’re too many fundamental flaws with it, and [the] bottom line is, get out if you don’t want to lose all your money.”

 :'(

A Goldman Sachs investor believes that ETFs could take the price of bitcoin to $35,000 per coin.

According to a cryptocurrency research group, the bitcoin price could increase to over $35,000 with the emergence of a bitcoin exchange-traded fund (ETF), which isn’t that far away.

Road to $35,000: Institutional investors or ETFs

Prominent investors including Ari Paul, the co-founder of BlockTower, a cryptocurrency hedge fund founded by former Goldman Sachs executive, have said that the next mid-term rally will likely be triggered by institutional investors potentially before the end of 2018.

Paul said that the last barrier preventing institutional investors from entering the cryptocurrency market is the lack of trusted custodianship and a suite of institutional cryptocurrency products. Upon the completion of Coinbase’s custodian solutions and the approval of digital asset companies to operate as custodians, institutional investors may enter the cryptocurrency market.

Paul said:

“Institutional money started trickling into cryptocurrency in mid 2017, but it’s been slower than many expected. That doesn’t mean it’s not coming. There are a lot of pieces that need to come together, one big piece being third party custody. Custody isn’t binary. It’s not like Coinbase custody will launch and suddenly every pension will throw $100 million into BTC. It takes time for custody solutions to gain trustworthiness. But, I think we’ll have solid third party custody by September of this year.”

The entrance of institutional investors into the cryptocurrency market isn’t the only way major digital assets like bitcoin can increase massively in value. The emergence of publicly tradable instruments like ETFs could also fuel the next rally, and researchers at IronWood believe that ETFs will be the fuel of the next mid-term rally.

Undoubtedly, the market is in amidst of a bad correction, in fact the third worst correction since 2014. The bitcoin price has fallen 65 percent from their all-time highs and retail investors have started to become more pessimistic in the short-term trend of the market.

But, as it did in 2010, 2014, and 2016, the market is seeing an accumulation period, during which companies start to build products and infrastructures that are necessary to fuel the next rally.

Michael Strutton, the CEO at IronWood, explained in a column that if an ETF is approved by the US Securities and Exchange Commission (SEC), anyone with a 401k, IRA, or an investment account with brokers like Fidelity and Ameriprise Financial can easily invest in the bitcoin market. Strutton noted that the result of a bitcoin ETF could be the price of BTC rising to at least $26,000 and below $44,000. He said:

“If ETFs add 24 million US investors and the upward momentum adds 14 million from the rest of the world, then that adds $84 billion and $336 billion, respectively, to the market cap. Over the past six months, Bitcoin’s market cap has swung from $326 to $110 billion. Adding $420 billion to the market cap could put Bitcoin price range from $26,000 to $44,000.”

State of ETFs
The Winklevoss twins, who currently oversee a major cryptocurrency exchange based in the US called Gemini, are working on their own exchange-traded fund (ETF) called Coin. SolidX, who had their ETF turned down by the SEC last year, has partnered with VanEck to increase its chances of being approved by the SEC.

Eric Balchunas, an ETF analyst at Bloomberg, said that a collaboration with VanEck, an ETF manager that oversees 70 ETFs and $45 billion, could pay off and drastically increase the probability of a bitcoin ETF being approved by the US government.

In many other articles you can read about wall street is planning to enter in crypto, in the same time they are spreading fud because they wish to buy as many bitcoins they can at this low price. Conspiracy theories are everywhere around, news spinning is a normal thing but that makes harder for truth to reach people minds.
In what to believe? For sure not in the end of bitcoin! You can read similar articles from 5 years ago, people from wall street, from banks and investment sectors pronounced bitcoin dead so many times, and what happen? Most funny of them all is Soros, after so many years and so many article pointed against crypto this year he decided to enter in crypto market, Jordan Belfort will do the same, he is talking out the people from buying but in same time he is buying bitcoins. Be careful when you are selling bitcoins, maybe you will stay without good investment because of some wolf that mislead you, don't be a sheep.

not encouraging news about crypto  :-[

Travel Booking Giant Expedia Has Quietly Removed Bitcoin Payment Option

Major travel booking website Expedia.com recently stopped accepting Bitcoin (BTC) as a payment method for hotels or flights, Expedia told Cointelegraph June 27.

An Expedia spokesperson confirmed that the service “no longer accepts digital currency Bitcoin,” starting from June 10, 2018, apologizing for “any inconvenience this may cause.” The service did not comment on the cancellation either on social media or on its website.

Community members took to Reddit to express their contempt of the recent news, subsequently suggesting a number of alternatives to Expedia, such as CheapAir travel service, which started accepting Bitcoin for flights and hotel bookings in 2013.

Reddit user bowiestar noted that the majority of employees in the IT industry tend to get their salaries partly in crypto, implying that the service would eventually lose a part of its customers.

“Expedia.com, one of the largest sites to book flights/hotels on used to take Bitcoin for years... I went on there to look at flights and noticed they no longer accept it. Customer support said they stopped accepting it June 10… A lot of us in the tech industry get a portion of our salary in Bitcoin and it was really good to use Expedia for flights. I won’t be using them anymore!”

As Cointelegraph reported earlier this year, the extreme volatility of the crypto markets apparently does not scare industry insiders from taking part of their pay in crypto, with some even preferring to get their salaries entirely in Bitcoin.

What will the Lightning Network do to the bitcoin price?    - Forbes explains:

Mass adoption of the Lightning Network would be one of the biggest changes to how bitcoin works in the real world since it was first conceived almost a decade ago.

On bitcoin forums many talk of the Lightning Network as though it will solve all of bitcoin's problems, making transactions quick, cheap and easy. One question few have asked is, if the Lightning Network grows into a widely used bitcoin modification, what it will do to the bitcoin price — something that is closely linked to miners' fees and transaction costs.
...
Bitcoin prices have risen along with use — as more people send, receive and mine bitcoin the price has risen. However, if a large volume of bitcoin transactions happen "off-chain" there will be a smaller reward for miners who, once the last bitcoin is created well into the next century will entirely depend on transaction fees for income.
...

The consensus appears to be: Despite a short term dip in miner fees and transaction costs, the increased adoption the Lightning Network could trigger would more than offset a reduction from smaller off-chain transactions  :)


https://www.forbes.com/sites/billybambrough/2018/07/06/bitcoins-lightning-network-could-play-havoc-with-the-bitcoin-price/#3a2ff3b47f1a

from New York Post

"Bitcoin’s price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year. I use the term “worth” cautiously because bitcoin is really worth nothing since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something. Got it! Ponzi scheme. Confidence game. Fraud."

- Crudele first struck a controversy with his uninformed opinions on Bitcoin back in 2014. Four years later, he is still rehearsing the same bullshit.  :D


Dear NY Post, Bitcoin will outlive you!

Here is why The NY Post is wrong about Bitcoin’s imminent demise:


https://thenextweb.com/hardfork/2018/07/05/nypost-bitcoin/

Maybe that is possible, because as of now as we see the history of the price every year it increases. So in ten years it reach up to $ 1 Million, besides that many more investors are invested in bitcoin that can make the prices at the highest.

yes this person is just too negative, the price of bitcoins has already reached $20k dollars so there is still a chance for bitcoins to reach $1m dollar if people will just continue to invest today.

"The first email was sent in 1971, but it took nearly three decades for the technology to become commonplace with a user-friendly interface in the form of hotmail," said eToro's UK managing director Iqbal Gandham.

"The first ever bitcoin transaction took place a little over eight years ago and today we are already seeing it begin to meet the requirements of everyday money. Given the speed of adoption, we believe that we could see Bitcoin and other cryptocurrencies on the high street within the decade. There are of course barriers to mainstream adoption, but they are far from insurmountable."
------------------------------------

Bitcoin and cryptocurrency have been handed huge support this morning from researchers at Imperial College London, who have said digital currencies are primed for mass adoption.

According to the paper — entitled "Cryptocurrencies: Overcoming Barriers to Trust and Adoption" — bitcoin and cryptocurrencies will hit the mainstream as a way of paying for goods and services within the next decade...


New Paper Reveals Massive Bitcoin Backing       - FORBES article:

https://www.forbes.com/sites/billybambrough/2018/07/09/new-paper-reveals-massive-bitcoin-backing/#23b27b105ead

Crypto analysts and experts have different views on bitcoin's future as to its market cap and price. A 100$ USD for a decade is the common market value they speculate but for a million dollar value is something that is quite high but still can be possible if bitcoin will always continue to rise.

it seems that it could happen because from year to year bitcoin prices always go up and total supply bitcoin also thinning so make bitcoin more difficult to get so better have bitcoin at this time also because bitcoin at this time still easy to get.

yes of course the bitcoin price could potentially be as expensive as bitcoin every year will be getting used up and it will be more difficult to get bitcoin so for now buy bitcoin while price is cheap.

This technical indicator may show the world’s largest cryptocurrency is bucking a selling trend and gearing up for a price increase.

Divergence Analysis Inc.’s (DVAN) Buying and Selling Pressure Indicator may be signaling positive times ahead for Bitcoin after the currency lost more than half its value this year. The DVAN indicator -- a proprietary analysis charting the coin’s current price, trend line and ideal exit points -- suggests the selling trend that began May 14 could end shortly, giving way to a potential bull run.

Historically, data show that when the stop and trend lines cross, the price of Bitcoin may see a reverse in trajectory. The last time these lines met on April 13, the price of the coin surged almost 22 percent to more than $9,600 on May 4 from $7,903.

On Friday, the trend line crossed the exit point again, and the cryptocurrency rose almost 2 percent to $6,693 on Monday.

https://i.imgur.com/Ax4Dzrj.png

I really agree with you, I'm sure this can be very expensive, how not to keep the price of bitcoin at a very low cost while the bitcoin supply is so limited that making bitcoin can be very expensive someday.

If this gonna happen, 1 million dollar for one bitcoin, what would be the price of one loaf bread? It is not realistic for bitcoin's price to go that high. Regulation and corrections will always set in.

although there are any regulation and correction, the bitcoin price will be increased and will be expensive and after bitcoin price become expensive, there will be many rich people that have bitcoin in their wallet. why is it not realistic? everything can happen in this world include what will happen in the cryptocurrency. as we know, cryptocurrency is a digital technology, in the future, our life will be full of digital technology so I think it will start from this year and in the next year, new digital technology will release and will change our lives.

When we are talking about such long time frames it is impossible to say precisely what it is going to happen but common sense tells me that unless something terrible happens to all the economies of the world it seems very unlikely we can see such a high price, also if at that point 1 million dollars are so devalued that only buy you a soda then that means bitcoin did not gained any value because I think in the 10 next years there is a high chance that we may suffer from hyperinflation.

It was actually possible that bitcoins might reach $1m dollar in ten years because every end of the year, the market prices are soaring so holding your coins will be greater because it was secured that you will earn a huge amount of profit in the future.

The co-founder and president of TenX believes that a $60,000 Bitcoin remains possible for this year.

Julian Hosp previously predicted that Bitcoin would hit both $5,000 and $60,000 in 2018. He spoke to one of CNBC’s reporters at the RISE conference currently being held in Hong Kong:    “Back then, December, price was at $20,000 all-time high. I predicted for 2018, we’re going to see $5,000 and $60,000. So $5,000, we pretty much hit it, so let’s see if we can do the $60,000. I’m still quite confident.”

However, the TenX president does admit that a “massive positive event” is needed for Bitcoin to reach the lofty price of $60,000 this year. Hosp continued, speculating that a Bitcoin ETF or a huge positive announcement from a nation state would be the kind of news event that could drive the price skywards.
...

https://www.newsbtc.com/2018/07/11/ceo-bitcoin-at-60000-by-the-end-of-2018-is-still-a-possibility/

Bitcoin Bull Tom Lee Double Downs on $25,000 Bitcoin Price Forecast in 2018

Lee, co-founder of Fundstrat Global Advisors and the best known Wall Street analyst who forecasts bitcoin prices, quickly clarified Thursday evening in a CNBC “Fast Money” interview that he maintains his $25,000 forecast.

Lee initially stated on Squawk Box Thursday morning that bitcoin has traded at 2.5 times its mining cost. The mining cost is $7,000 and rising, he said, meaning by year’s end the mining cost will reach $9,000.


https://www.ccn.com/bitcoin-bull-tom-lee-double-downs-on-25000-bitcoin-price-forecast-in-2018/

No, it will never happen, and if one day bitcoin starts to grow, i think that it will never touch $50,000 or so, so there is no way to think that it will ever touch one million dollars each one of them, it is insane and unreal, it is like scy fy.. stop with that shit

Maybe it will happen but we don't know when it will happen because as of now we are facing a down trend or bear market so no one can tell if after years we hit a 1million per bitcoin.

I think bitcoin can reach 1$ Million after all bitcoins will be produced. We will have to wait and have patience and bitcoin will grow. So waiting is the key and not dump your coins.

An early investor in Airbnb and Uber explains why he started buying bitcoin in 2009

Jeffrey Wernick is an independent investor whose portfolio includes early holdings in Uber and Airbnb. Wernick was also an early investor in bitcoin. He started buying it in 2009, the year it was created.

Wernick's initial interest in bitcoin was not just speculation that the price would rise. He believes bitcoin's value comes from its ability to solve the biggest problems with fiat money.

Wernick believes the ability to run large deficits and debase the currency changes the relationship between the government and its citizens. He believes it gives the government the ability to do things without the consent of the people.

Wernick says bitcoin solves these problems because it is a "people's currency, it's defined by the people, and it's defined by rules and a protocol that people trust."

Forecasts do not always come true, they are made up by people, and we may be wrong.

An anonymous gambler has bet $6.3 million that the price of bitcoin will exceed the stock price of Berkshire Hathaway by 2023. Tom Waterhouse, an Australian bookmaker, tweeted the wager earlier this week. The gambler has a long way to go. Bitcoin currently trades just above $6,000 per coin, while a share of Berkshire Hathaway goes for $287,100 per share. The bet is at least somewhat a dig at Warren Buffet, the Berkshire Hathaway founder who earlier this year called bitcoin “rat poison.”

https://i.imgur.com/XQB5DLE.png

Making it to the $1M charge in 10years makes it too formidable for me. I realize there's no barriers in every hypothesis. however what happens now could be a bloodbath, as this can want enough time to recover and make a brand new bull run. i'm positive that the fee will step by step circulate up however the $1M for 10years could be too much.

a bet is a bet only if money is put down in the middle like in some escrow so that the two sides of the bet have no way of getting out of it, otherwise it is just social media nonsense trying to hype things up and must be ignored.
although this bet is a safe bet one can make, we have the halving in 2020 and 2023 is close to the next halving so you can see two major guaranteed big rises in bitcoin and in the middle there will be a lot of other rises. reaching 10x of last ATH in 5 years means 2x rise per year which is the smallest rise bitcoin can have.

1 Million dollar is too much money but we don't know whether it will reach or not, I think it is impossible to reach 1 million dollars because in the last year 10 year we have seen expectation from 200$ to $20k. 1 Million dollars too much amount and it is impossible to reach that much high amount.

That is a huge price for 1 Bitcoin and I think it would be really hard to reach,
But who knows 10 years is a very long time a lot of things could happen .

when this is really happening, I am sure that all of us will be a rich person and we can have a lot of money in our balance. in that time, we can buy anything we want and I think many people which are not joined in the crypto will regret because they are too late to join. 10 years is not too long and if we can do many things from now to collecting more bitcoin, then when the times comes, we can sell it to earn a big money.

Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade

The price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday.

"As it gets more into the mainstream, and as more markets end up allowing it to trade where it's freely tradable, to me that's more of the bet," Lasry said in a "Squawk Box" interview, adding that he sees bitcoin investors making five to 10 times their money in three to five years.

Digital Currency Group's Silbert buys more bitcoin, says it has 'hit the bottom for the year'

Digital Currency Group's Barry Silbert is a big proponent of cryptocurrencies as an asset class.   "I think we’ve probably hit the bottom for the year. I actually put some money into bitcoin last week," he said at the Delivering Alpha Conference in New York on Wednesday. “As an asset class it is here to stay … I’m 100% confident a decentralized, non-fiat form of money is here to stay.”

Gold used to solve the same issue but like always governments found a way around that by mixing copper with gold and creating a greater coinage with the same amount of gold, this is deficit spending and modern governments do not even have that limitation anymore since fiat currencies have no relationship with gold an I'm sure the governments will find a way around the limitation of the number of coins in bitcoin if they really want it.

There is a huge chance for bitcoins to reach $1m in ten years if the market price will just continuously grow every year and people will not stop investing on cryptocurrency.

Final number of bitcoins is limited to 21 mlb coins, and if the govenments will decide to brake this rule, they will need to breake bitcoin protocol, wich was not possible possible so far.  

There are also estimations that 25% of bitcoins have been lost for good.   ;)

BitMEX CEO Arthur Hayes believes bitcoin will fall to $5,000 per coin before heading to $50,000 later this year.

The price of bitcoin jumped nearly $800 in an hour on Wednesday. Hayes believes that jump coincides with a quick surge of investors entering around the same price levels. He said the coin could jump as high as $10,000 before crashing to $5,000 on the road to his year-end prediction.

no one can predict the future, 10 years is a very long time.
but I'm sure in the future bitcoin will rise high above yesterday's highs.

Two analysts believe bitcoin's recent spike comes from an increase in trading volume in Asia. Mati Greenspan of eToro and Clem Chambers of ADVFN argue that the trade standoff between the United States and China has turned investors to bitcoin. As the standoff threatens the value of Chinese and American currencies, Asian trades - especially in Japan and Korea - have increased investment in bitcoin as a hedge.

I think that bitcoin will never cost one million dollars. This is not really practical, although it may be in theory on schedule it can be. There are many factors that will constantly prevent the growth of bitcoin to such great heights. And what is the growth of bitcoin in price in such limits? This is purely speculative demand, which reflects a temporary situation. It can not be permanent. Therefore, the volatility of bitcoin will increase, and with it the possibility of panic among investors will increase. This will not allow a large increase in the price of bitcoin.

$1,000,000 for 1 bitcoin is impossible to reach. Because bitcoin is possible to hit highest pricr only 100k dollars and the percent happen that is very low and 1 million there's no 1 percent to happen. Even the supply of the bitcoin already bought they did not happen.

Do you think that skilled IT persons like MsAffee are wrong because they are engaged in the crypto, and thus are seeking their own profit when saying about $1M price?

 Can happened because 10 years is a long time and everything can change but it's impossible $1000000 for 1bitcoin to reach that much and in one market.

In my own opinion, even government will broke the rule, bitcoins will still continue to grow because people can always invest in the market if they are interested on cryptocurrency.

I think $1 Million for 1 Bitcoin is too much but anything can be possible when we are talking about bitcoin. Bitcoin is a digital currency and it's very early to predict it's price for long term because there are many altcoins and bitcoin might loose it's position but speculations can be made and I don't recommend anyone to believe in these.

Yeah even the investor understand the valid points of why bitcoin has a value, yet so many people here keep talking about how bitcoin can go down or can go up and how they can make money from it and so forth. We need to stop caring about what bitcoin price will be and start considering what bitcoin stands for, in return bitcoin will become stronger and its value will get higher. We can't chase the money, money will lead us to where it already belongs in today's finance world, we need to follow ideas, that will take us to the promised land.

Some 2 to 4 years back people were talking about $10k for one bitcoin is too much and impractical but now we are having prices around that. As per my research and analysis, bitcoin may have one million dollar value in next 2 to 3 years of time.

Bitcoin price will increase but 1 Million is the too much high amount which we don't have any clue. Of course, many people seeing how potential the Bitcoin is going to be but 1 Million too much high amount it will take nearly more than 10 years to reach that value.

Hedge fund manager Mark Yusko said bitcoin could hit $500,000 per coin by 2024.

Last October, Yusko predicted that the bitcoin price could one day reach $1 million per coin, though he said that he did not expect BTC to hit this milestone for at least a decade.

Yusko believes bitcoin will see such incredible growth because of the network effect, a theory that a communications network becomes more valuable as it on boards more users.

Commenting on bitcoin’s recent price movements, Yusko said that daily fluctuations are “just noise” because “all that matters is securing ownership of the [Bitcoin] Network.”

 -CCN

Writing on Twitter, Mark Yusko, the founder of North Carolina-based Morgan Creek Capital Management, said that he is sticking by his year-end price target of $25,000. Yusko originally made this prediction in April, adding that he expects bitcoin to march to $75,000 by 2020, $200,000 by 2022, and ultimately eclipse $500,000 by the end of 2024.

https://i.imgur.com/XDP8WBp.png

 :D

Again, if they really want it they will find a way, just look at what they did to gold, at first fiat was completely backed by gold and then the government began printing more money than the gold they had in stock since at the time the dollar was defined by a weight on gold, in fact the word dollar was a form of weight for gold similar to pounds or kilograms, but they circumvented this by printing more fiat, it is possible that in the future governments get bitcoin and back their fiat with it and then they print more fiat than the bitcoin they have in store.

Bitcoin is completely decentralized, and gold is not, as historically governments keep a lot of gold in reserves, and they can manipulate it somehow.  Nevetheless gold price has risen last decades because of printing money.   If governments decide to manipulate bitcoin, they will first need to buy it at a significant volume - wich will cause a huge rise in it's price.  Not an easy task for them  ;)

Bitcoin miners believe bitcoin will jump in the near future. The reasoning comes down to increased regulation around the world and a positive 50-day moving average.
-FORBES

https://i.imgur.com/Dm8IoGX.png

The bitcoin hash rate has continued to grow at an astonishing pace despite the selloff, suggesting miners are still very bullish on future prices.

https://i.imgur.com/IlsrLv2.png

We recently mined the 17 millionth bitcoin, leaving only four million left.

https://i.imgur.com/VcEq97j.png

I think bitcoin can go that far. I really believe in it !

so this will push the difficulty to increase and the price can be too expensive from the next year. but still, there will be any other correction price that will happen in anytime. like what we see today, the bitcoin price is making another correction price again and still stays at $7540 and the percentage in the market is -7.3%. I wonder what will happen in this week as we see another high price in the last week. and if the price still getting down, maybe the altcoin will get down too.

Alexis Ohanian, a co-founder of both Reddit and VC firm Initialized Capital, upheld his $20,000 Bitcoin (BTC) and $1,500 Ethereum (ETH) forecasts for 2018 in an interview with CNBC on July 24.

Iqbal Gandham, managing director at eToro, says that unscientific surveys conducted by eToro in the U.K. suggest that few investors that heard about bitcoin during its mainstream upsurge in 2017 actually invested in cryptos. “We had a lot of people talk the talk but very few people walked the walk,” Gandham said.

Many crypto bulls shares this rosy outlook, including Ethereum co-founder Charles Hoskinson via Twitter:

https://i.imgur.com/lbSOMBq.png

 :D

Although this prediction is too "CRAZY" (sorry I say that) ;D. It seems, this could happen, if the number of buyers continues to increase than the users who sell it, then it can be ascertained that the amount of supply will decrease significantly. However the market remains the market, it will run on its own unpredictable and difficult to manipulate (except the whales) ;D.

I hope that would happen for real or even close to million dollars. Never knows when will it happen, no one can predict the price of bitcoin because it is decentralized and it's price is volatile. Keep holding your bitcoins we don't know when will it reach to million dollars

I think that bitcoin will never cost one million dollars. It seems to me that it is unlikely that it will ever cost one hundred thousand dollars. Such growth of the course will be hindered by various external factors, which we are not accustomed to take into account. This will always be hindered by high volatility bitcoin and negative news information. They will constantly lead to the emergence of a certain panic among investors and bitcoin will invariably fall in price. In addition, a certain part of investors will always sell their bitcoins if it grows significantly in value.

mybe its not possible. it will not reach to $1million anymore because of what is happening right now. 🙂

The market is volatile and that is the reason why it was so profitable and anytime the price of bitcoins can skyrocket depending on the demand in the market so cryptocurrency will never die even in the future.

Talking about predictions is always endless. Either since when and how the theme of this prediction has always been a fun conversation. The answer also varies, starting from the waiting period to come up with the peak price of bitcoin, and various kinds the predicted value. I think in an unexpected way this thing might just happen in the future in an unexpected year. The important thing's we all don't get hopeless.

I think that is impossible. That certainly can not happen. Because bitcoin is competing with many different crypto.

All the users hope so, I'm optimistic that bitcoin can last for a long time and the price keeps rising, but I'm pessimistic that $ 1 million could be achieved after 10 years, let alone the unpredictable market conditions.

If the price of $ 1 million can be reached in 10 years, then the price of bitcoin later this year could reach $ 50k, but if the year-end bitcoin price does not reach $ 10k then I am sure that the price of $ 1 million can be achieved after 50 years from now (if it can survive )

every people can be predicted on the bitcoin price that can happen in the future and we only need to wait and still collecting more bitcoin from now on. I am sure that every people is waiting the time and they will save more bitcoin so they can be a rich person in the future. personally, I am waiting for this to happen and like every people on here and in out there which knows bitcoin, I still collecting more and more bitcoin and I hope I still alive to see the price increase in that price.

You are talking about $21 Trillion of marketcap. No one is going to put this much money in such a volatile and decentralized asset with uneven distribution. It would be hard for Bitcoin to cross such a marketcap unless there is humongous shift of money from fiat to cryptos for whatsoever reason. Right no looking at this market, it seems kind a impossible. But cryptos are usually unpredictable.

I think it will be difficult for bitcoin to have a value of $1 million despite the next 10 years. There are so many investment choices in crypto, and it is very unlikely that all choices are aimed at bitcoin, there are still altcoins which are alternative choices for investment.

Bitcoin is very difficult to predict, let alone an increase of as high as $ 1 million in 2027. It is highly unlikely that crypto market will be filled with continuous bitcoin demand until it costs $ 1 million.

Yeah, bitcoin needs mass adoption to reach those levels.  Currently it has limited use, indeed.   As BLOOMBERG has stated recently:

Bitcoin is being used less and less as a currency. After peaking at $411 million in September, only $60 million was spent on goods and services in May. These numbers come from the 17 largest crypto merchant-processing services. The number rebounded a bit in June – to $69 million – but it is a far drop from the same time last year

Keep in mind that based on the chart BTC price should be around $21k at the end of this year - which is not quite unlikely  ;)

Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

The chief executive of the company that owns and operates the world’s largest stock exchange believes that bitcoin has the potential to be the world’s “first worldwide currency,” and he’s throwing his firm’s weight behind an ambitious plan to make that a reality.

As CCN reported, Intercontinental Exchange (ICE) — owner of the New York Stock Exchange (NYSE) — is forming a new company, dubbed Bakkt, that seeks to bridge the divide between Wall Street, Main Street, and the flagship cryptocurrency.

Speaking with Fortune, ICE founder, Chairman, and CEO Jeffrey Sprecher explained that he believes that — bolstered by Bakkt’s infrastructure — bitcoin could become the currency of choice for global payments.

”Bitcoin would greatly simplify the movement of global money,” said Sprecher. “It has the potential to become the first worldwide currency.”

The move will see ICE not only launch a physically-settled bitcoin futures product but also custody cryptoassets directly and help merchants such as Starbucks — which has already signed onto the platform as a partner — accept digital assets such as bitcoin for everyday payments.

Sprecher says that it could also help conventional asset managers attract younger investors, who are sometimes as skeptical of traditional financial products as asset managers are of bitcoin.  “Millennials don’t trust traditional financial institutions. To gain their trust, banks, brokerages, and asset managers can use a currency that millennials believe in, like Bitcoin. Using digital currencies brings a lot of sizzle,” he told Fortune.

“There is a trend here we can’t ignore in my mind, so I don’t discount it,” he said. “People put more faith in a guy named Satoshi Nakamoto that no one has ever met than they do in the US Fed.”

To reach the price of $ 1 million is certainly a difficult thing, especially at this time there is no news that can make users eager to buying bitcoin, precisely when the price looks up so many users will sell soon, the first thing to be able to reach the price of $ 1 million is the end of the year the price can hit $ 40k, then 5 years again hit $ 300k.

The monetary evolution of Bitcoin:    :D

https://i.imgur.com/wfj69sU.png

There is a possibility that bitcoins will reach $1m dollar per coin only if the increase yearly is consistent but as of now the market price is down to $10k dollars so it will still take time before the market price will reach $1m per coin.

It is not easy, I will agree with you on that but it is entirely possible that governments are already buying bitcoin but they are doing it in a way so they do not make the price to go up, another possibility is that they try to find the whales that are holding huge amounts of bitcoin and arrest them for some reason and confiscate their bitcoins and instead of selling the bitcoin like they did in the past they could just keep it.

It may be too high to think for that market price but i do believe bitcoin will reach that in more couple of years. Reaching it within 10 years is a bit improbable, IMO seeing how bitcoin has grown each year and how it is also in a situation where it's market price is down that stays for a couple of months.

If we should analyze how the trend looks like and you'll draft it out for ten years timeline, there's no significant possibilities to initiate further changes. But the only main point here if we're going to expect that very huge price of $1m, it would rather frustrate every holders if not actually meet. The best ways to handle it is to let your assets remain steady, so you could survive long term holding and take your profits after.