Bitcoin Forum

I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?

I think that the most people here don't use bitcoin for buying something, some product, service etc.
We mostly see bitcoin as investment and just collet bitcoin funds and hold, with hope that bitcoin price wil continue to grow.
Nobody can predict future so in 5 years bitcoin can have value of $ 1000 but also $100 000.
Everything depends on supply sand demand.

yeahhhhhhhhhhh, i hope it will go there $1000, so every body will panic and sell it.  ;D

Bitcoin is like gold in cryptocurrency world. It dont need to be used for everyday transactions to be worth a lot of money. Like gold in real world. You dont use it for everyday transactions but you will love to store your fiat money there during crysis. Lots of people have gold contract or even real gold hidden in "earthbank" to be out of fiat with part of their capital. Its safer because you dont know when hyperinflation hits your cash. You dont know when government decite to grab your money located in bank (like in Cypr)

bitcoins value is also inside biggest decentralization. No crypto is as decetralized as bitcoin is. What makes it the safest.

It can hit 1000$ but when it does it will be so easy to pump that sin will be not to pump it. It will be waste of potential earnings for whales.

Bitcoin will be like gold but easier to transfer. It can be store of walue for whales. You can store there 10 bil and hide papewallet (or just remeber key sentance) and its safer than gold in "earthbank".

I hope so in order to avail mine. That would be great time to buy bitcoin and I expecte stamped will happen due to tremendous demands of the people from different places in the world. Maybe the system will not contains the flow of transactions.  ;D

Please stop this kind of statement that bitcoin is slow and high in fees. You're still not moving on from the Decembers situation, everything has changed and set to lower fees now and the speed isn't a problem anymore.

Prove it on why you think segmit is only a hack to you.

An optimistic mind won't even give that price of bitcoin in the next 5 years. Add more zeros to it.

What kind of bitcoin are you actually using? Bitcoin transactions has been cheap and fast for months already. I swear the people complaining about the transaction fees and price are the ones who doesn't actually transact with bitcoin smh.

Maybe this year? Even then the chances of that happening seem relatively slim to me. I think we are more likely to hit $100,000 than $1,000 this year but I don't think we will hit either any and give both less than 1% chance.

I think the value of bitcoin will be higher than year to year, as more and more traders prefer to transact in the crypto world, so to descend to $ 1000 may be a bit impossible, but nothing is impossible ::)

This is the most negative post I have read today. Bitcoin will be so resistant whenever it will fall down below 5k. It is because bitcoin is still the best cryptocurrency out there and many people support bitcoin. To that end, no one can still fully predict the future and we can only watch from our quiet rooms patiently.  ???

I totaly agree with you about lower fees and confirmation time. This chart shows it great:

https://blockchain.info/charts/transaction-fees-usd
From peak of 22 mil$ and average of 8mil $ in december daily to 200k $ daily now.

But number of transactions per day decrised too :

https://blockchain.info/pl/charts/n-transactions


To enable bitcoin to be use in everyday trades we need not 200 000 transactions like now but close to 150 mil like visa can "in 2016 that VisaNet processes an average of 150 million transaction each day". We are not even close. Thats why in my opinion bitcoin value is like i wrote above. GOLD in CRYPTOWORLD. Not everyday cash to spend in store. Maybe in next years it would change but not fast.

 
 ;D ;D Good dream.  Was it day time or at night?   ;D
Whenever the price touches your dream line; I am planning to invest in it heavily.  But alas it will never come true.  As per my information There is some mining cost also below which we shall not expect the price of bitcoin.

If 1 bitcoin is 1000 dollar its a matter of sororrow because before somedays it had a high rate and people alslso invest money to buy bitcoin but if the price became less then thhey will a face a big lose..and also the  people are holdimg bitcoin to make some good profit. they will face a critical moment also...
bcz some people take bitcoin as there...profession..so it can effect on their  personal life...
i wish its price may increase quickly.

Before the transactions are vast and its reported to be an attack spam to the network that ended up to make the fees higher. But it's clear that there's no more attack and the fees are not that high. You can transact $1,000 for a very low fee of $0.01- $0.05 so I really don't think that there's a need to worry about the fee.
These people wants to spread FUD in the forum to pull some investors getting out due to their statements. Are they using a sort of version 2 of bitcoin that makes the price higher?  :-\

If price will go lower, mining cost will make minners to quit what will make other miners earn more on each block mined (mining will be profitable at lower prices) Thats why it was profitable to mine bitcoin when it was 1 cent and lower..... That not the problem for bitcoin to jump throught this price.

Bitcoin is not overpriced right now, and $1000 is not realistic just as $20.000 is not realistic in the short term due to market conditions, but as bitcoin is the best alternative to fiat money I think it has some value that can't be explained by money.

if all the money is stored in the crypto currency, it will be an economic crisis, traders earn and will earn, but the world needs classic types of business such as plants, factories and fields, everything must be in harmony! therefore, BTC will find its average value and will be more stable!

Slow?
High transaction fees? Huh?
Is this post created in November and just recently clicked the "post" button? ;D
Cmon, stop the FUD just because price of bitcoin is in bear mode.
You might need to do some other work instead of just doing this. I recently got 2k satoshis of transaction fee and it took just minutes. Your saying high fees? Are you that cheap?

OP is not cheap. He is talking about bitcoin to be used for everyday transactions (not once a month from wallet to exchange). With 150+mil transaction daiy like visa have. Not 200k+ like bitcoin have now. With that amount of transactions fee will cost hundreds of dolars to confrim transaction in 1 day. In december we have 2-3 times more transactions daily than today. We need 1 000 times more...

It seems to me that most people who replied here assumed that cryptoworld is going to stay the same as it is now for the next 5-10 years. I'm thinking about the big players stepping in and totally crushing bitcoin - making it useless. What if Facebook introduced a Facecoin and overnight 2 billion people would have an instant wallet on their phones with Facecoin that would have $0.05 fees and 30 second confirmations. What if amazon comes up with Amazcoin, and all amazon customers now have wallets and it's super easy to use. Would Bitcoin survive as a storage of value? Why would anyone even need it? I see Bitcoin as Myspace. Creating an industry, and super popular at some point, but where is it now? I'm not negative, just playing devil's advocate, and skeptic when hearing people say BTC is going to 100k.

it's impossible in my opinion because bitcoin price every year always goes up very unlikely the price will be back to $ 1000 unless everyone else has no trust with crypto and bitcoin really bubble

i think it depends on world society that how they treat to bitcoin and cryptocurrency term :-?

I don't think so dude, Its hard to btc at this price go down to $1000 again. Its more harder to go down for $1000 rather than up to $20000. But in the next five years ? Who knows, Anything can happen.

I think at lvl $ 1000 is very impossible, but nothing is impossible, depending on the demand and supply

Bitcoin fees are driven by open market, they get high when there's a huge demand for transactions, and they get extremely cheap when the demand is low, like for example today. SegWit is not a hack, it's an upgrade that fixed malleability vulnerability, which allows developers to now work on awesome new features. Lightning Network is getting closer and closer to official release, and there's already thousands of nodes on mainnet. People who are working on it are making sure that it's absolutely stable, they don't want to release half-baked software with bugs that can cost millions, like it happens with altcoins. There's no way Bitcoin will ever reach $1000 again.

I think the bitcoin price down to the $ 1000 level is very impossible, although there is a statment that says "nothing is impossible", but not the negativ point I want to say, I am still optimistic with the development of a significant cryptocurrency towards the positiv and I sure the price will last and rebound

I don't think bitcoin can come down to $1000 again instead it will keep increasing. We might be facing some challenge of price now but that will not allow it to come down so far to $1000 even if is 5 years from now.  We should  pray it increases to $100,000

I do not like to think that it will going to that price level of bitcoin to 1000$,because i know that it is profitable yet and it will increase the price soon.However no one can tell what will happen soon only the market can decide what will be the price in 5 years.

Yeah it could be 1$ also or 10000$ no one knows.  from the beginning people started to scared of this. but we can also make profit from it, bitcoin now not in mainstream, we can make it viral instead of this predictions.

I agreed with you.  It is mpossible to go down as far as $1000. We should  be expecting it to reach $100,000.. 5 years from now. One thing no one can't predict the future.

People were thinking the same when the price of bitcoin was at $1000, they were thinking that till 2018 the price will be at $100 but they saw opposite the price increased much more. I will say that you are also at wrong as the price of bitcoin will not reduced any more in the future but the price of bitcoin will continue to increase and it will reach to around $100000 in the coming few years.

Well as for me, we all know that the movement of the price of bitcoin in terms of going up and down is because it works with the principle of demand and supply. When there is more demand for purchase of bitcoin by investors the price will go up and keep going up while when there is more demand of sale the price will goes down. Despite there is stagnation in price of bitcoin for passed few months, but I doubt that the price of bitcoin will ever go as low as $1000. 

Nothing is impossible. That prediction is as possible as 1 bitcoin going above 20K. There are a lot of work that needs to be done in bitcoin in order to be able to maintain the status it have now. If bitcoin devs deliver, it can soar to hundred K, but if they fail, the price may drop more. It is all about how bitcoin will adopt to the needs of the future.

If the price goes to $1000 many people will buy bitcoin and I also buy more too because if the price dump like that they will increase again because most of us are buying a lot of bitcoin because that's the chance to buy more cheaper altcoins. For sure a lot of people can't wait to happen that.

Well ofcourse if price of btc goes to $1000 many users will catch this price to buy and invest btc. No one will knows what be the price 5 years from now. It can increase triple or more than today so no one is really certain for the price of btc.

somen people buy bitcoins once for holding and not average day trading of buying and selling, so they aren't affected by the slow network confirmation and high fees. This nevertheless shouldn't be a reason bitcoins need to come to 1000 usd.

Overpriced? how did you say so? Ok, think about this my friend; I am gonna give you some examples of real overpriced:
- iPhone
- Mercedes Benz
- Ducati
- LV

The materials used to produce these items were never really expensive, but since the ads and the branding were so damn awesome, people believed that the price is right.

Now, lemme tell you something you might wanna ponder; before you can produce a satoshi, you need rigs, powers, gpus, and etcetera... sum this and you will realize the real value of bitcoin. Now, the demands add up profit to it. The more people wants it, the higher we can bid.

That's how you analyze "overprice".

Are you sure that you are an optimists? But you are thinking for about 5years from now? And can you prove that segwit is just only a hack. Give us some proof or link us to that. So we can see what you see and what you've search. Be an optimists your not acting like optimists. Tsk. Don't think about bitcoin for the dip.

all can happen inside cryptocurrency because we will not know how the future works but with the opinion that if bitcoin gets back at the price of $ 1000 I'm not sure and even my hunch says bitcoin will soon rise

Bitcoins in a 5 year long bear trend, that just doesn't sounds realistic. Yes bitcoins cut hit 1000 or less, but that will not take 5 year to get there if this downtrends continues.
I think it will turn to a bull market again.

It is very unlikely that the bitcoin price will drop to 1000 dollars because every year the number of people who are intruding bitcoin is increasing and they want to have bitcoin in their wallet. Also bitcoin is a very popular coin and large financial companies are also considering investing in bitcoin so i think the bitcoin price is not can be reduced to 1000 dollars.

and then you will get to buy Bitcoin at $400   ;)

But if they happend, altcoin market will have big affect bro, the value of every coin will decreasing at fast way.

Ladies and gentlemen, the perfect definition of delusional right here.

Ladies and gentlemen, the perfect definition of delusional right there.  ;D

No one ever knows for sure what will happen in the next 5 years, most likely I never thought bitcoin would go down to $ 1000 level. This is in because of market demand, now has a lot of new whales who invest here. And because that's how much demand happens, this drop is just a lot of FUD, manipulation that makes some people sell panic. Actually for me the cost is quite low and well if see the confirmation it's a bit slow.

Actually the fees is already low right now and the confirmations is a bit slow yes, at least it's still better than the last time when we need to pay a huge fees long time ago. Tbh i think bitcoin will not go down to $1,000, i mean at least $5,000 is the max here. Anything can happen though in 1 year, and 5 year? we never know.

The transactions fee has come down seriously compared to were it used to be around December.  I don't think bitcoin will go back to $1,000 is good for cryptocurrencies development.  We are having this type of financial system for the first time and anything that makes it price expensive is a welcome development.

Lmao, I want this price too but of course its not gonna happen in 5years. If bitcoin hits $1k level again I believe most of the altcoins will die and we don't want this thing to happen so we must remain positive and believe on bitcoin. Bitcoin is a technology of a future and it will continue to improve every year. This is our life now and I can't imagine the future without bitcoin :D

If btc falls then all the market and coins will fall because if btc rises altcoin also rise and vice versa. Also btc will firstly not fall to 1000$ and soon it will start to rise and so their is no question of btc falling to that low. So keep investing in all the coins

Now, this is the mindset everyone will be having even at $3000 or lower which will make it pretty hard to even see something like this happening. Although, it would still take some series of time and fluctuations in between or probably a long period before we can even get to see something like this happening but I can as well assume that is something I do not think could be possible. If you say $3000, I may say there is a slight chance something like that could happen, but $1000? I doubt!

You made this post yesterday!And with yesterday we were already below 8000 for 5 days!! So what the hell are you writing about with Bitcoin being overpriced at 8000?! Do you even check the price before you make a comment??
Regarding the fees:
http://fs1.directupload.net/images/180528/qv6asaao.png (http://www.directupload.net)

The rest of your statement is pure garbage and probably trolling. And no you are not a Bitcoin optimist, Just some shill/sockpuppet account spreading lame FUD.

BCH Shill?

it might just happen, but I never wanted that to happen  ::)
I just hope the bitcoin price keeps increasing as time goes by.

For me I don't really think that it would touch that price again,
It has been that low back then because there are only few people who are investing in it,
But right now there are so many people who knows it and investing in it ,
Price is driven by the demand and there are so many people who wants it .

As you already said we are all here optimistic in bitcoin, even we see that btc is not in a good condition we still choose bitcoin and buy at such kind of risky situation in the market. So totally the answer of most of us here will probably no, there is no chance that btc will hit to its all time law price at $1k. This will never gonna happen 

I think that there is only a single chance of Bitcoin reaching $1k price and than it wont go anywhere near that price again ever. I think that Bitcoin is way over valued for what it does cause it doesn't even do properly what it is supposed to do. Although with so much new money entering the crypto space we wont be seeing lower prices again.

next 5 year can't prediction
bitcoin incraese very high or down price still can't prediction
is good prediction this year, not down price until 1000 dollar

Even crazy recent american report, told that mining alone is about to cost $1800/1 BTC soon. Plus millions of users that will make it circulate daily. Not real at all

I tend to think that Bitcoin is little overvalued and now seeks to find balance and adequate proce
 But $1000 is too low from any point of view

In the next 5 years it is possible to happen the price of the bitcoin become $1000 because the price is unstable and we know exact happen if price increase or not. They have possibility alsi the price become zero or yes bitcoin become dead in theat year becaude many altcoins wants to replace bitcoin to the thrown. But I hope it will become very high the price.

I think bitcoin over the next 5 years will increase its value by about 60k. Bitcoin will be more popular because in the future crypto currency becomes the main currency. I think positive because bitcoin is a technology for the future.

1k after 5 years, I think not, even though bitcoin falls but will not arrive at the 1k price. Bitcoin in the future will be more popular and it will make the bitcoin value rise higher, and I think the 5-year bitcoin price is 70k.

If the price of bitcoin will fall down to 1KUSD, that means no more big investors left to support btc in order to be more competitive in the market. But I think it will not happen, 5 years from now is long enough to see and prove that btc is still the dominant crypto currency around the globe. My predicted price for bitcoin after 5 years would be 30K to 50KUSD and i think this increase can be possibly achieved soon.

It will never happen that the price of bitcoin will drop that much as the supporters at the level of $7k are the stronger supporters of bitcoin and they are holding their money in bitcoin for a longer time period.

If someone will think that the price will drop to that then they are not knowing the market of bitcoin and they are fool. The price in the coming future will really increase and your predicted price will not take 5 years but it will increase to that value within one year.

There are no slow confirmations, there are no exorbitant fees and SegWit is surely not a hack. SegWit is only at 20-30% currently, and if everybody was using it, fees and confirmations would be even faster. Combine that with the fact LN is being developed and there is essentially no way Bitcoin will be worth 1k in the next 5 years. Oh and I left out the halving which also should surely increase the price. Lest we forget the hashrate too that has been ever increasing. Literally all signs point to bullish, despite the price action as of late.

Yes halving is another factor which people are forgetting nowadays. From the next year people will start preparing for the coming halving and from the next year the price will get a good position and when an year is remained for halving then we do not see any decline in the price of bitcoin but the price of bitcoin then start to increase and till the halving it reach to a highest value and that remain there for a time being and then the effects of halving start and because of the decreased supply and a constant or increasing demand the price boost up much high in the market.

Overpriced or not, those who have decided to buy it at that price are still in the space and they feel it is a good price for them to be buying. The fact here is that, no one knows whether bitcoin is overpriced or underpriced and sure, we can certainly say that it is not yet being used as a currency but a speculative asset, but remember there is always a stage for everything and I remembered few years ago when someone like you opened a thread saying $10 was overpriced.

Dreams that obviously will not even come to fruition. $1000 is far from it and by then I am very sure even before that value, a lot of buy ins would have set in at the end of the day, and then we may just have to see so many people rushing in to pick the best price as a result of FOMO.

We need to just think beyond it. Crypto should be ruling the currency market and supporting every nation with wealth. Bitcoin should be much valued amongst other altcoins which will help these altcoins grow in the market as well. This would be a main entry to enrich crypto values. I am sure bitcoin would minimum be at its $20000 by end of August 2018. There are less chances for going back to $1000. It has crossed its worst path. Lets focus on making use of current situation to gather more bitcoin to gain more profits.

Very far from the word maybe, look now more and more bitcoin users with the number of new registrants on the market. Although bitcoin prices reach the lowest price it will not exceed the $ 5000 price since now.

You have clearly presented the scenario what the haters want to happen or dream about. Unfortunately there are many coins that are in line for overtaking the thrown and day by day, they are increasing the competition for bitcoin. They are trying best to give tough time to bitcoin but the fortunate thing for bitcoin lovers is that, bitcoin is going to stay on the top of the list forever.