Bitcoin Forum

Bears are saying Bitcoin is headed to $1000.00 and then the Bitcoin craze will die and we will all be moving on to the next thing. The Bulls say Bitcoin isnt even close to its fullest potential and could be $30,000.00 per coin by years end.

With less than 1% of the population dabbling in Bitcoin, does the value seem too high, too low, or just right to you?

Google is about $1000.00 per share with about 30% of the population using it. What if 30% of the population starts using Bitcoin? How likely is that, and what will that do to the value of Bitcoin?

Which side of the coin are you on?

https://www.forbes.com/sites/panosmourdoukoutas/2018/04/08/wheres-bitcoin-price-heading-next-1k-or-30k/#32ce51232029

Lets have a discussion.

Why do we have to be one or the other. There are many who will be content with the price remaining around its current price and being steady. It does not have to fall or increase by a factor of 5x.


That's basic economics... Price goes up a lot. It's not very likely to happen in the near future, just look in to how many people in the world use payments methods like debit/credit cards and you'll see why.

Too high or too low based on what? Based on public sentiment it seems a little low. Based on fundamentals, it seems too high. The potential is great, but there is not a lot to show for it.

I stand on $30,000 side

It is still low, we should optimistic the value of population will increasing soon or later.

Are you think it is a logical basis? Why should Bitcoin need to decrease until $1,000 only to gain 30% of population will using it.

30% of the population is unattainable. Bitcoin can achieve such results only in the case if it is built offline of the bitcoin economy. But now this is impossible because people want to have an additional income through bitcoin in Fiat. They do not share the idea of creating bitcoins. This is why there is no increase in the number of users.

I'm of the opinion of bulls. Most likely bitcoin will go further and be able to break through $ 30,000 and even $ 100,000 !!!! There are 2 sides of the coin, this applies to bitcoin! on the one hand, he can pierce a couple of tens of thousands of dollars, on the other hand, he can crash down with a bang!

If you watched bitcoin at least from the beginning of 2017, then you would say that the price of bitcoin at the end of 2017 was more than 20,000 dollars was not justified. Neither the miners nor the traders expected it. So this growth can be called a pump or speculation. The price  bitcoin to date is higher than expected by miners and traders in 2017. So why say that bitcoin is dying? Its price is quite in line with today's demand in the market.

I'm more on the bullish side though I'm not expecting it to jump to $30k within this year. It seem to be back to it's normal movement, making the ath last December look more like an anomaly. Of course profit making is one reason why people buy bitcoins and if there are pumps then at least that have the side-effect that people would try to catch the train and buy - and maybe get stranded for sometime and just hodl.

Is difficult to answer since it has options that are exaggerated, first I do not agree with the option of  $1000 and second I think that this option of  $30.000 is still very exaggerated, not that bitcoin does not reach that price, I just think that for that year not it will be possible to reach this price, this pressure of the governments is sowing fear and we need a time to see how things will be solved and then the people bought bitcoin and the price will increase, my maximum for that year is  $25000 or even $18000

This is a very controversial question, and no one can give an exact answer, bitcoin is unique and it is very difficult to manage it

I can not say this with 100 percent certainty, but it appears that something is about to happen on the cryptocurrency market. First i read that George Soros is going to invest in crypto and now also Venrock, a venture capital company owned by the Rockefeller family. Could it be that crypto is gradually going to get a new injection so that the prices will rise again and we will see  MacAfee prediction (100K ) for Bitcoin  ;D ;D ;D ;D

Where did you see that 1% of the population are dabbling in bitcoin? I think that is a massive over-estimation, I actually think there are less than 10 million people worldwide using crypto, that's about 0.1% of people.

I am of the view that bitcoin will reach approximately $100,000 once its user base increases 5 fold, this will probably take about 2-3 years.

Just read carefully i wrote: "With less than 1% of the population dabbling in Bitcoin, does the value seem too high, too low, or just right to you?"

There are 16 million coinbase accounts alone.

Clearly some people will have multiple and some companies may have them. But considering that this excludes most of Asia and a good portion of people who don't use Coinbase...

I am on the side of 30000 dollars. In this period , Bitcoin value always fall. That is just normal. It is the typical cycle of cryptocurrency. But in the end of 2018, i am sure that its value will rise exponentially again and reach the 300000$. Just like all previous years.

i dont want to seel my bitcoin and thats enough to tell that i am on the side where this coin will hit the 30.000 USD and even more this year.
The only thing you need to do is to save your passwords and private keys, then forget your account for few months.
just leave it there.

im on light side) bitcoin cant die, revolution cant die. It will cost 30k but no one cant say when. We need freedom. Freedom is bitcoin)

We all want to see the price increase to at least $30.000. But with the prices we are seeing these weeks, it's not that realistic. Governments want regulations, banks are trying to eliminate cryptocurrencies, other countries are banning, with so much FUD, it will be hard to get bitcoin rising. But just keep the faith, the price will increase eventually.

As always happens, perhaps the truth is in the middle. I believe that the btc is currently too low but that the previous value was overestimated. I expect a price around 12,000.

I see this as picking sides during an election but what determines which side wins would be the total number if votes cast during the election process. Just like now where a whole lot of people are picking side some even went to stay in the middle ( which can be regarded as independent candidates). The fact remains that no matter much we all wanted whether to go to the $30,000 or the $1000, it needs to be backed by action.

You cannot chose the $30000 angle and continue to do day trading by not contributing your little quota not to flood the market that is already flooded which is driving the price down the more so also the people for the other extreme, you need to do the opposite of what I said earlier and the victory goes to the most diligent part.

30000$ but not just yet I think this will take time we are still in the recovery phase and that's something that we need to wait for .
But for sure this is gonna happen sooner or later also most of the experienced people are on the side of 30000$ only and over the year we have seen bitcoins going from 0 to 100 Preety fast and I think this will repeat .

I guess everyone will really wanted to see bitcoin hit $30K at least in the next couple of years or so. Even if the bears have taken over the market for now, sooner or later they will get tired and the bulls will make a good run up to the end of the year.

As far as adoption goes, yes bitcoin has not gained the mass adoption that we all have been dreaming of. So just imagine if even just 10% of the whole population will get their hands on bitcoin the price could literally soar. Again, I also very bullish but it will take some time, for me, at least a good 2 years will be a good gauge and see how it goes for all of us.

The key to answer this question is to add another dimension: time.
BTC will get to 30k because of the following arguments:
- adoption is indeed less than 1% of world population.
- there is a fixed limity supply of 16m.

At the same time, BTC could also reach a very low value such as 1k due when the following conditions have been met:
- crypto has been completely substituted by another technology. as an affect, people don't use BTC as a store of value anymore.
- someone is able to get more than 50% of all BTC and can completely control the price (such as the altcoin Tron, which has several big market makers that just scalp the price all the time).

My personal opinion: I think it is more likely to go to 30k in the near future. In order for BTC to go to 1k, we are talking about either a major technology shift (which takes
many years, taking into account the fact that BTC is not even fully adopted yet), or as mentioned, the hypothetical scenario that a big wale (or consortium) has so much capital to buy the majority of all bitcoins. The latter scenario could be possible in the future, however it requires at least 8 mln x current BTC price.

Bitcoin will reach $30,000

I am investing a lot on bitcoin and earning a very good profit then obviously I will be on $30000 because the higher the valuation , higher will be my profit ratio it is as simple as that . The valuation of bitcoin is entirely the function of market . Higher the number of investors higher will be the valuation and moreover the valuation also depends on the big whales who invested a lot a huge money into the bitcoin, the higher the amount of money big whales invest into bitcoin the higher is the valuation so I am favour of the growth of bitcoin.

OMG......

I wish thats will not happen.

I know about Bitcoin when it was $275 since Bitcoin never destroyed his path .

So I think thats will never happen Sir At all.


Thanks...