Bitcoin Forum

Since China shut down exchanges bitcoin has been growing at a rate of 1% per day.  This is because lets estimate at least 5 million coins are stuck in china and can't be traded so the overall tradeable supply of bitcoin is much less than it was before september 30th.  Less supply means increase in price.

Bitcoin will continue an average growth of 1% per day until the world runs out of money or china reopens exchanges and a massive dump occurs.  The equation is:

starting value x (1.01)^(# of days in the future)

Once bitcoin hits 1 million it will stall, this is because the world will literally run out of money.  At this point china will launch the cryptoyuan and allow people to trade bitcoin for it.  Then when the chinese government gets all its people's bitcoin, it will dump them on the open market and attempt to make 5 trillion dollars and pay off their national debt.

I dont even know where to start.

Its way too muchy asking for 2018. I think 40K will be a good price for 2018.

This argument is very approximate and not specific. The Chinese, I think they would have found ways to get their bitkoy on the market if they wanted to. I think reducing the bitcoat supplies to the market is not a serious reason for the recent growth of the bitcoin rate. Therefore, such a strong growth in his rate, right up to $ 500,000 before the end of next year, can not even be theoretically. The course bikkoyna next year can rise to about 40 000 dollars. This would be a good course for him in 2018.

The original post above is assuming that Chinese owners of Bitcoin can be so dumb so as not able to find ways to sell their Bitcoin to the market...as if they can't go to Hong Kong where Bitcoin is not banned. The fact is that Chinese are known to be very creative people they survived so many mishaps in the past and they already learned to be tough and survive...the Bitcoin ban is nothing to them that is why there are now many Chinese who are already abroad where they can freely involved with cryptocurrency away from the prying (or should I say frying?) of the government. as to Bitcoin reaching $500K end of 2018, that can be a very optimistic kind of prediction and it remains to be seen if that can indeed come true but don't get me wrong I would not be sad if it will.

hopefully, it should surpass $500,000 the demand for bitcoin is very high it will happen sooner or later but it will happen for sure.

1) 5,000,000 coins is a very haphazard estimate and seems to be vastly beyond what the Chinese really hold. The current total circulating supply is at 16,700,000 coins of which most (about 12,000,000?) have been mined before China entered the mining market in earnest. Even then it took Chinese miners still 1-2 years until they reached today's dominance.

2) What makes you think that these coins can't be traded and are stuck in China? How do you believe Chinese mining farms are able to finance their ongoing operation?



As long as the world runs on fiat it will literally never run out of money.



After 2016 this wouldn't even faze me.

Bitcoin can't reach $1 million per coin for sure within next few decades but if it will remain alive or in limelight than it can surpass that level after all bitcoin will be mined.

Also $500,000 by end of 2018 is just a over speculation. I think $50k around will be new ATH price for 2018.

$500,000 is a lot! I don't think it's possible knowing how the rates of Bitcoin has gradually slowed down over the past few days. We're still also on the range of ten thousands and not even hundred thousands when it comes to the rate of Bitcoins. It's volatility may be so dense if we're going to reach this rate, but I really think it wouldn't be possible by the end of next year.. or it may be. Right now, it's too early to say. It's hard to keep track of  or even predict how volatile Bitcoin can be.

Well, of course your prediction is correct. I do not understand how people can refer to various events saying that there will be such a huge rise. I wonder if bitcoin was still at the level of 3k, too, they said that he would rise so much. The main thing about alts such forecasts is not.

I really hope we don't go parabolic for too long / too much.
Steady and healthy linear price growth is the best for long term stability and adoption.

Like if you use complete maths and not the actual value of the currency then estimations say :-
In the year 2016 November ,, 1 Bitcoin was around 700 USD . The next year , that is 2017 , 1 Bitcoin was worth 14,000 ( approximated for easier calculation). This basically says that Bitcoin grew up to 20 times it's initial value in one year. So this means by the end of 2018 it should become 20 times the current value. This means by the end of 2018 the price of 1 BTC will be around $280,000 . This estimation was just based on common maths . But if you take the value of that number then it's just massive and huge !

Delusional! $500k within few weeks is of course not realistic with that random data.
Even $50k i will say it is hard , bitcoin even struggle to comeback to $17,500 and $18,000 how you can say something like that.
Let's be realistic , close this year with $19,000 is a gift , close this year with $50,000 it is miracle!

This is way too generalized approach. Bitcoin almost went 17x-19x this year from $1000 in start of the year. I expect a maximum of 10x growth of Bitcoin in 2018 from $17000-$19000. With this logic price can almost touch $190k. But I don't believe it will go more than that even if the demand increases as $500k per bitcoin accounts for the marketcap of $8 trillion and that is not a joke. It is impossible to be touched in a year.

That's complete horseshit. 1% is ponzi returns and can't be sustained. Even if bitcoin does continue to go up throughout the year 2018 it's not going to go up 1% per day, it'll slow down dramatically because there is just a limit to how much money people will be willing to pour into cryptos. I personally think that the cap is set at around $100k, maximum, at the best case scenario.

Talking about $500k or $1 million is just not going to happen, and is what john mcafee is preaching.

Plus Chinese bitcoins are not just stuck there. If you haven't realised, there is such thing as p2p trading in china and i'm sure a lot of people have offshore accounts and all that. Don't worry - if they want to cash out, they'll find a way to and they've already done so and price is relatively unaffected.

Yesterday, the eth began to fall. It may be that the reason that people sell their coins and buy bitcoin. If this happens we will see a short-term surge in prices. This may be 19-20K dollars. But then I agree that the end of the year we will meet with about 18-19K$. Bitcoin champion of the year. I hope that the next year will be even better.

I will sell you mine for $400,000 right now and you can make a profit ;)

Bitcoin isn't a stock or any other traditional asset class.
This is a completely new beast the world has never ever seen before.
Bitcoin is a technology, a protocol, store of value, medium of exchange and in far future maybe also a currency ones the price starts to stabilize.
What you may call a bubble due to parabolic rise, could be the beginning of real exponentail growth in terms of technology s-curve adoption!
Were the smartphone sales back in the early days a bubble? No this was exponential growth!
What email adoption in the 90s? Bubble? No!
Jesus guys do some research and learn what Bitcoin really is and try to understand what it's seven networks effects are, how they work and have an influence on BTC's value!

Great post Denker

https://media0.giphy.com/media/iee0AS1H9Le7u/giphy.gif

This year was very optimistic for the crypto currency market and I think most analysts believe that in the next years the price of crypto currency will grow rapidly. I'd really like that, but I'd rather keep my sanity.
I think if in 2018 the price of bitcoin reaches $ 100,000, it will be an excellent result

what the hell with that ? they're not that dumb my friend.
from where you can say that thing my friend ?
you can find a lot of place to sell your coin off the market,or even you can sell it directly to other people.
plus they're not that stupid enough to miss this chance,
nobody will let this opportunity and they will find a way to make a trade or doing a trade for their own.
if you do some research you should find it that they're only banning their local exchanges and their citizen to make a trade in there.
which mean it's totally possible to make the trade out there and i believe the majority people will do that.
also other international exchanges did not forbid chinese people to do the trade in there.
at best they're only retricting some site or something like that.
totally banned it ? of course it will not happen and people will always find its way to do that.

also $500.000 is not a small matter,
sure enough,you're bolder than John McAfee.
 ::)

This will be a fun thread to look back on by the end of 2018. I want to just log my thoughts here, so that I can come back a year & 2 weeks from now & see this post.

It's definitely possible that BTC could go to $500,000 by the end of 2018. Look at what people were saying at $1k..."I'll eat _______ if BTC goes to $10k by the end of 2017". Now we are at the end & it's nearly double that.

The thing is that only a small portion of the world's money is in BTC right now. As price continues to climb, more people go from "wtf is a bitcoin" or "It's a bubble", to "How do I buy some of that".

If price ends the year at something like $25,000, then that is only 20x for BTC to reach $500,000. I use the word only loosely, because currently in the cryptosphere you can say only 20x & people say "yeah, that's nothing".

Price can only climb so high without actual support. All of this is speculation, demand will eventually not be there and whats left for bitcoin? Huge fees? Outdated technology (eventually)

These estimates have never been right in case of bitcoin . Last year , who thought bitcoin would be be at $18000 ?
The volatility would never let any estimates to be correct . Talking about bitcoin attaining "$500,000" , that seem a very unrealistic value at the present . The block chain is already struggling withe the growth , if possible and better solutions are found that might help to attain a good value in future . But still $50000 seems very huge for one year . That would be  like increase in the value by 1000 folds . Pretty unrealistic !!

It's way too soon for bitcoin to reach that price, perhaps it can hit $50k but certainly not $500k. That would require it to go way above and beyond what gold is valued at.

by the end of 2018 is still a year, 12 month to go there
i think something just like surpass $500,000 is possible but in low chance
what and where is the real demand here?
i just look at speculation from many people that hope someone will buy more after the moment he/she buy BTC so the price will keep increase...
but if it reach $500,000 so much people will happy
but we must keep curious about it, dont put everything in one bucket

Are you serious?$500K by end of 2018.It looks like impossible in one year but no one knows what will happen in crypto world so anything is possible.
I think bitcoin will reach $50K by end of 2018.

Exactly, when price just starts running people try to think that bitcoin will never stop and face a correction or crash but things don't work like this in this system. Bitcoin is soaring now but for how long it will continue, things might be in the favor of bitcoin for now but future is unpredictable. Also, china has very less impact its only impact was creating a dip in the market and its over, people have move forward and things are independent of it and no one dumped their bitcoin they only shifted their work to another place.

Today price of the bitcoin is already 17,000 dollars and I think it will continue to increase the price in the year of 2018 . But I hope the price of the bitckim become 30k to 40k dollars . But the price of the bitcoin become 500k dollars. Because even you wait few years it will not happen because that price is very high and I think the possible price of the bitcoin who will the highest is 50k or 100k dollars . But we don't know what actual price of the bitcoin maybr it will increase or it will decrease.

I though at the beginning of this year that if bitcoin reaches $10,000, it would be a magnificent result and in fact, I will end up giving myself a huge treat with 1 bitcoin. Now, we have bitcoin setting a pace to probably $20,000 or even more and we are here still not expecting that anything can change in a split of a second ?

Awareness is increasing daily, people are getting to see bitcoin for what it really is and that is what is going to make bitcoin skyrocket even in coming year. I or no one cannot say where bitcoin what the value of bitcoin will end up as, but the truth is no one can know except for us all, to just keep seeing where it ends.

That is very weird logic combined with little maths. What has China's exchanges to do with the long term, IMO the closing of China's exchanges already did its affect on the price and I think that was it, why would it still affect the price unless they are to open back suddenly.

Yeah definitely makes no sense whatsoever. Bitcoin isn't going to just going to continue climbing exponentially at 1% compound interest, bitcoin isn't a ponzi and you can't guarantee the returns that bitcoin will make on your investment.

The bubble could pop by the end of 2018 and we could be back to 4 figures, even.

Things are unpredictable. Don't try to predict something in 1+ years that you don't know for certain with weird thinking and logic. It won't work. Using your logic, 1 BTC would be worth trillions in just a few decades.

I think we will be seeing a lot of $10K in 2018.

One of the most absurd conspiracies about the Chinese bag holders. LOL. 5 Million stuck? Where the hell did you got that figure? Are you from PBoC or something. LOL. You still needed a lot of base knowledge on bitcoin. I suggest you go around the forum and educated yourself. You're even worst than John McAfee you predicted $1m in 2020. Realistically, bitcoin can't get to $500,000 at the end of the year. That's too much, a conservative estimate should be around $30,000-$50,000 for me. And I doubt that the Chinese bagholders are so dumb that they will just dump it just to pay their national debt. And NO, the world will not literally run out of money. Go back to economics class and try to understand how fiat runs.

Btc to $500k is huge amount we dont know yet if this will hit by the end of 2018. There are many things that will happen by that year. Well if this happen those hodlers well very be happy by earning big.

I don't think this is accurate. This too early to talk about since $500k is too far from the price today. Maybe we shouldn't think of this too early.

Its totally covered most of the important discussion about bitcoin. Really clear explanation which will definitely gives confident to new investors
Many people think and try to explain bitcoin as a stock market sort of thing which is not really like. Its a unique one as you said
I didn't hear that bubble point from any of us here but some economist and other stock market experts try to mean as bubble.
Yes i believe its a beginning to high value and advanced technology migration we are on. What if the government ban it due to decentralized concept. Not happened so far but some bad imagination strike my mind. Soon they will try to stop since the banks are against our own and separate platform which is not included banks anymore

Well I think no, bitcoin maybe hit $40k to$60k by end of 2018.But I don't know why you said 500k we are still not in the stage of speaking about $500k.lets talk about $100k then we may go to $500k then $1M.

You just hit the nail straight on the head bro! It is really amazes me when everyone just keeps talking about a bubble, healthy rise, fast increase in price and all that. What is not healthy enough here. The long correction we recently had or the fake top that recently happened or the fact that bitcoin has broken the resistance and is on another bull run now.

I think what most people are not getting is that this is the future and those who are smart are beginning to see that while those who are dumb are still waiting for a crash and a steady growth.

Nice conspiracy theory, but I don't see how people would exchange their coins for "cryptoyuans", at least all at once to create a crash. I don't see how "Then when the chinese government gets all its people's bitcoin" this works. People could keep their coins in cold storage and sell it elsewhere. This is just dumb to be honest.

And even if China got all those coins, the market would be liquid enough to absorb a big dump once BTC is worth a million bucks. At that point BTC will be seen as a super stock similar to berkshire hattaway type A. People will just buy the dip. It takes more than your theory to create a mega bear market.

That's a huge claim. In a positive scenario, bitcoin could even be $50,000 but $500,000 wouldn't be that easy honestly. It's way too far from the current price and will take too much time.

In 2018, I think price of bitcoin will be increase $25000

Yeah 100000$ is possible at the end of 2018 but 500k is a large value and it will take couple of year to achieve that value because it is just the beginning f rise an community is not that much denser to take price to so high value it take acceptance of 70% of world and investment as well, so 500k will come but not that soon and every value suit on its time and enjoy the current prices and hope for the profitable future.

That is something a big value to be reached in a very short time period. Within an year reaching such a high value is really tedious. But it too has got the possibility, because just with the adoption of bitcoin from Japan it made a sudden price pumping. When more countries similar to Japan adopt bitcoin such a price might be reached.

lol, op is kinda excited. we aint  yet done on the year 2017 but your already speculating the year 2018 and your saying that it can reach 500,000 dollars? oh my word. keep it easy mate for sure bitcoin will gonna reach that insane amount soon but for now lets just foccus  on how to improve our strategies on how to improve our selves to be able to control our emotions on how we can possibly hold and preserve our bitcoins in a verry long time.

This is more reasonable and seems to possible as well in 2018 as at present the value of per bitcoin has risen till 19500$ . Also if it falls to some extent it will come back in few months or so . SO for 2018 we should all be positive and with some good initiatives from governments the price will definitely increase and will help people to fulfill their dreams .

It would be interesting later in 2018 to come back here to really see what even really turned out to be. Most times when I read some threads far back and the discussion of so many people and how bitcoin turned out eventually, that gives me some hope and really this forum is just pretty awesome.

The price ending this year at that value would really mean we can expect some huge rise in the value of bitcoin next year. No doubt! And how huge that is going to be, no one knows and even John Mcafee is so optimistic about it.

you are really too godlike bitcoin. 500.000$  is a number too large to achieve in 2018. you where to base to say that bitcoin is still stuck in China. There's way too much to the people of China can sell bitcoin out. 5 million coins- I don't think even the earlier China holds more so when only current bitcoin has more than 16 million bitcoin in the world

$500K by end of 2018? Hey we can all dream, right? The end of 2018/beginning of 2019 is when we will start seeing hype for the 2020 halving event. I bet a lot of new bitcoiners getting in now don't even know what halving is yet.

Yes it might take a good 4 to 5 years to reach anywhere near that figure if things go well and if we form a strong bitcoin community who can work for betterment of bitcoin and help us in creating strategy to defend bitcoin from regulator's wrath and to over come other challenges like transaction time, implementing smart contacts , having some new technologies to outstanding other altcoins as well.

Let me ask you one question, who dreamed about bitcoin to hit up to $20,000 this year? Simply, at most 1% of the whole community. Then dreaming about bitcoin sometimes turn into real.

Going from $1000 to $20000 is not really to compare with going from 20K to 500K. You just can't see it like that, there's no exponential growth when it comes to such large amounts. Besides, you cannot see the 5 million bitcoins in Chinese hands as missing. The people who own these bitcoins are smart enough to find there way in trading outside from China. 50K is a more realistic prediction for next year, which still is a large amount.

That's too exaggerated maybe $80,000 won't be bad by the end of 2018 but still it will base on the flow of exchanges and demand of the bitcoin. But still if what you predicted will happen i will be thank you now because of this.

I was thinking the same thing, there is no way bitcoin price reach $500,000 in only 52 weeks. how about $100,000 that can be possible.

Yes this is too fast of bitcoin, I think $500k is to huge by end of 2018. Actually were are not very sure about but prediction might happen or not. So however, bitcoin cannot surpass $500k by the end of 2018.

Your speculation seems wrong , the price of ethereum tend to stable in bitcoin rates.
And even increased in usd rates , people still have a faith in ethereum equal a faith to bitcoin maybe ....
So it wasn't the reason why bitcoin can still go up to 20k$ by the end of this year to fall or corrected later in the new year?

Everyone’s answer is no because the requirement of 500k price is high and bitcoin reached at that level and this is not impossible but seems difficult because people are out there who don’t know about it yet and if they will know about bitcoin and get started in bitcoin then there is a minute chance to see price that much high bitcoin assure that when its use will increase up the 70% of world then prices will be in millions.