Bitcoin Forum

With increasingly positive voices coming out in favor of Bitcoin, it remains to be seen whether it will actually increase in value significantly until the end of this year or whether it will remain around this levels. Many of the other cryptocurrencies have been consistently rising in the past couple of weeks. This is the reason why investors are again turning bullish on cryptocurrencies and think that, they will increase in value further. Many of the enthusiasts are actually predicting higher peaks as well as newer peaks for the cryptocurrencies.

Famous Venture Capitalist Tim Draper was on Bloomberg two days ago, sharing his thoughts on why Bitcoin will be worth a lot more than what it is today.

For reference, he’s the guy who predicted in 2014 that Bitcoin would hit $10,000 in three years. And it did!

This time, his prediction is way more outlandish, even by our insanely bullish standards. Draper predicts that a major part of today’s fiat currency market will be dominated by cryptocurrencies in the future. He identifies that the world market for fiat currencies is worth $86.0 trillion today.

If we go by his prediction and do some quick math on prices, Bitcoin turns out to be worth more than $100,000.

Draper gives us at least three reasons in his very brief interview why he believes that Bitcoin is the future of currency.

It’s borderless. You could go to any country and use it.
It’s not subject to the whims of a government. The supply is constant and the price is determined by free market demand.
It’s banking the unbanked. You can bypass the traditional banking system, avoid surveillance, and get rid of hefty fees.
As for investment advice, Draper made it loud and clear.

That is too much 100K per BTC is so FUD. Anyway we could maybe expect that there will be  market price increase but not that much imagine that the bitcoin market price as f this moment is only more or less 8KUSD compared to 100K USD then that would be almost x12 increase on the currency market price. So i guess it will not happen.

What do you mean 100k per BTC is FUD? That's not what FUD is, that is a bullish prediction. Anyways, 100k per BTC is not going to happen by the end of the year, I agree with that. But, you are talking about an x12 increase, from $8k - $100k. A 12x increase is nothing, as in 2017 alone Bitcoin experienced a near 20x price increase. 12x definitely is within the realm of possibility. IMO Bitcoin will hit $100k by the end of 2019 or 2020. I very strongly believe this.

all of it is true, bitcoin is borderless, decentralized, has finite supply,... and i truly believe that price will be $100k and then $500k and even $1million+ but i can not see bitcoin going up 1119% in only 5 months. that is simply impossible in my opinion.

and not just that, i hope that such rise doesn't happen because it will become a huge bubble which will burst and create a very long bear market which nobody wants.

You have to understand where, he is a venture capitalist, meaning he has a lot of investments and bitcoin is one. For sure he is like influencing for more investors to come in and pour their cash on the market so that his predictions will come true. As far as I can remember, his initial prediction was more than that. But he has to adjust because 2018 was a bearish one. I say I like his predictions but don't put too much expectations so that we will not be disappointed if it didn't occur this year.

We need more FUDDERS like this.

100k is quite pessimistic though I do agree.

I think that we'll go much slower this year. If ETFs get approved we can expect Bitcoin to go above 10000 USD and maybe pass 20000 by the end of the year.
100 this year is impossible. Even if we compare this to all previous rallies Bitcoin is usually going up by 400-600% per rally. If we rallied from the bottom of 6000 USD we could expect maybe 30 - 40 thousand USD before it corrects.

Yes, ut was very far to its amount now but maybe it will happen, no one knows. In fact what happen last time was also unpredictable. No one expect that it will pump that high. Hopefully soon it will happen again before this year end. Just enjoy using it whatever price bitcoin will have.

I doubt bitcoin will hit $100k this year, because it has lost investor trust, and will need long time to recover from it. In most positive scenario it can end the year somewhere between $13k and $15k, and if it does hit $20k next year, most likely we will see a new rally, in best case reaching $100k.

over a thousand% increase seems so impossible, BTC would not surge so high like that in just months, it will get close to that by year 2019-2020 according to tested and trusted experts forecast.

I agree this could also be a tactical shout out to investors to turn to bitcoin and while he was right in his first prediction, this second prediction for me it seems too unrealistic in this short time frame.

Impossibility can never be possible, this just too much, no much hype will make btc worth such and we should be expecting the range of $20k to $30k.

The price increase that has taken place since this period of last year can certainly be repeated.

I agree that Bitcoin will increase by the end of this year but not that much $ 100k is too big buddy let's say $ 20k or $ 25k , but who knows anything could be happen in Bitcoin.

The price can reach 100k and more but probably not this year.
Bitcoin price is strugeling to stay above 7k which way far from the 100 we are seeking.
Good news are every where so let's stay optimistic.

That would have been nice if it were possible, I strongly doubt if such a feat is even possible  in 2018. Adoption should increase 10 fold to achieve that figure in my estimation.

I doubt it strongly. If it only came to $ 20,000 by the end of 2018 it would be a huge success.

It would be amazing if the value was to raise by that much but as much as some of us wish for this to happen I do not think it will happen by the end of the year.

I suppose he meant to say FOMO , not FUD. Even with FOMO, it is unlikely we hit such high in span of a very short time (less than 5 months to the close of the year)

No this is too early.Bitcoin cannot reach to such a great amount in a short time period.Bitcoin is very down from a very long time now and is unable to recover.Bitcoin's price depends on number of factors like demand amd supppy forces,how much investment is done in bitcoin,some countries banned bitcoin.All these are important factors.But the users of bitcoin have full faith in it and that is why they hold their bitcoins for future price rise so that they can earn money.

I have to agree with the others here. Bitcoin's price can go more than $100k but not this year. I just don't see a ton of money going in to Bitcoin within less than a year. Currently the price of Bitcoin is getting affected by the SEC's decision if they approve any Bitcoin proposal the price will increase but it won't be enough for Bitcoin to surge to $100k this year because there are whales that can possibly manipulate the price. Once  Bitcoin goes past $20k expect a lot of people that invested last year would dump their coins.

One of the most awaited day when it finally reach that price but for this year, yeah that was quite too high but still who knows? Last year, from $1,000 at the beginning of the year and it ended $20,000 by the end of 2017.

See the growth so anything can happens rapidly day by day, we aren't so encourage to believe that it will happen this year because we haven't seen some clue.

the important thing to remember is that you shouldn't expect unreasonable rises this. for example we can not see $100k in 5 months out of nowhere and you should not plan for it but it is always possible for it to happen. it is the same with the drops. for example people say price will drop to $2k. you shouldn't be planning for that either but it is possible!

$8k to 100$ per BTC may not possible in this year. But you can expect after one or two year it maybe possible. Believe on BTC hopefully it will fulfill your expectation.

Bitcoin will definitely rise again by the looks of how it has been recovering lately but it is impossible to even imagine that it will reach $100k in 2018. Draper is likely to have already invested in BTC and that's why he is trying to invite people to invest more so that he can make profit for himself. BTC has been very unpredictable lately, it may even cross it's previous year's $20k mark but to expect it will reach 100k is plain stupidity.

The way BTC is rising I think it will reach its peak if Bitcoin ETF gets approved even though I wouldn't think of it reaching beyond 20,000$ like last time but I am fairly optimistic that it will reach beyond that. But, what Tim Draper said is very stupid indeed. There hasn't been a case of such massive uproar in the history of world. These sort of opinions are what we should ignore and trust our own judgement.

There are positive news about bitcoins and its price recently but for it to be trading at 100,000 USD even by 2019 is not possible and I don't foresee any special factor that will cause bitcoins to reach that level.

It's a really great bullish prediction. It may happen but i don't think that it will happen this year. I think if the bull run come then btc will goes upto 40k USD.

Such expectation is too high for Bitcoin and as far as am concern it is not healthy for Bitcoin and crypto currency in general if such a thing can just happen within this short period of time for the year 2018 to come to an end. Even if it will happen, it will actually not this year 2018.

Majority has been thinking about the unreasonable price but that has been the same like December's all time high.

I know its quite too high and very unreasonable to say $100k in 5 months for this year but I just gave an example of what happened last year.

I think its possible. Bitcoin already invest lot of sectors. Developers develop it every time. It have some running project and those project run smoothly. I see a lot of possibility to reach bitcoin price worth of $100k in this year.

In usual sense, it is far away to think about 12x increase in price as $100k in 2018. But it is true that anything can be possible in this world. Most likely as many says the price by the end of the year may rise between $40000-$60000 in maximum. I assume it might be possible to overreach the prediction if miracle happens.                                                                                                                                                                                                                                                     

From my point of view its defiantly possible. Bitcoin is broadness, define and finite supply. It invest a vast sectors. The developers of bitcoin develop its site and projects everyday.I believe it will reach $100k with in this year.

If a person predicts that the price of the Bitcoin will rise in a particular period "and his prediction was true" that means he was lucky.
What happened in the past is not necessarily repeated, and last year's highs were the result of many factors that are difficult to replicate.
So I say that the price of $ 100,000 is almost impossible in addition to the reasons cited above are not logical with those heights.
Because of some accusations that there is a manipulation of the price, we will not see such rises again.

Bitcoin will never cost a hundred thousand dollars. We have already seen what problems arose in the crypto currency market when bitcoin rose to $ 20,000. In addition, even if bitcoin becomes sharply higher in price, then during this growth there will be a number of situations that will lead to panic among investors and bitcoin will afterwards again sharply fall in price. If this happens several times, it is unlikely that anyone will already invest money in it if it has a high price.

There is no way to reach $100k ever I feel the maximum could be $30000 and it might take couple of years to get the stabilization and it might cross the value of $30000 during the bull run and then drop down during the correction period to a much reasonable price.

Bitcoin will definitely rise again, by current scenario, although unreachable benchmarks should not be placed. It has high potentiality to cross $20-40K mark, but keeping very high hopes is just unnecessary, rather keep hold, watch it move with trend and then invest further, its best not to make stupid mistakes, rather take calculative risks.

This is a nice speculations but I doubt if this is going to happen.  $100,000 is too high to achieve this except something like governments adoptions happen.  I didn't think we have that power to push bitcoin above  $64,000 this year.

I believe that he will grow up, but I do not think he will grow to $100 thousand.

I think that such a course is impossible in 2018. Since Bitcoin is constantly falling in price. And instantly raise the course he can not.

Tim Draper has given some nice predictions in the past and I think the points he makes are some of the points we make in the forum all the time so I think he is correct, also I think that a price of 100k for each bitcoin is completely possible but not in this year, this year is a year in which the price is not going to move much upwards, this is one of those years in which many are going to sell thinking this is over only to realize a few years later that is not the case.

100k $ is a huge number for 2018. But no one knows what can happen. By 2017 the bitcoin price from 1000$ was 19,000$ in four months. It would not be surprising if it was repeated. 7000$ to 100,000$ is perfectly feasible

Lol. Even shooting for half of that is already hoping for a miracle. Though yeah sometimes miracles do happen but you have to look at the more realistic side and reality would tell you that even 20k would be hard to hit by the end of the year

It is a huge amount forecast of bitcoin price by this year. So no one can exactly predict what price can reach in 2018. Only few remaining months left this year ends even $10k cannot reach this time but I am hopeful price of btc may increase this year.

Definitely, the price of the bitcoin market will increase this year but the highest pumping price of this year won't pass the $8000-$11000 price range. However,Tim Draper previous prediction coming to past doesn't mean what he predicted for this year price will also happen because the market have changed ever since the market correction occur.

For the price to reach 100k, we should be at 10k at this moment. So, I dont think its possible.

The highest the price has reached is around $8K. it is not expected for the price to go beyond it anytime soon. But then again the market is unpredictable and it can actually happen in the future.

In 2018, Bitcoin is unlikely to reach the mark of 100 thousand dollars, but to reach the price of 30000-40000$ by the end of this year is quite capable.

Since the year has passed more than half and the mark of Bitcoin is not close to 10 000$ it is likely it will not achieve such a result!

A $100k by the end of this year is impossible. Yes, the price of Bitcoin is rising slowly and it is gradually regaining back its previous position. But, I think by the end of 2018, it might reach the value of maximum $30k. Let's see what happens.               

This year is not the right time for bitcoin to grow above $ 100k. Bitcoin still takes 2, 3 or 5 years to go to $ 100k. In the third quarter, bitcoin still gets price pressures, to grow above $ 7k only, bitcoin is still come on.

I always like to hear those crazy Numbers but those prices are to fast .... and 1000 to 19000 is much diffrent then 6.5k to 100k its maybe only 15X but So much more fiat .....iT Will happen but over little more time is my guess

I think 100k is too difficult to be true, if 50k might still be possible.

Hopefully by the end of the year there will be a large pump going on.

It doesn't mean your speculation is right from the past it will happen again to the future, we are just speculating, not a prophet to know the exact outcome of the price through the future it might be wrong or right, there's a possibility for that but not this year as it might take a long period of time to witness that price most probably we are going to experience dumps and selloffs as the price rockets to its peak thus making profit from their holdings.

No. I believe the forecast of some analysts that its price by the end of the year will be about fifteen thousand dollars. 100k only if ten years from now)

There is no chance that bitcoin will hit $100k this year, unless you are a great optimiser. Bitcoin will need long time to recover from this long price fall .i think in good case bitcoin can end the year somewhere about 15k dollars. Most likely we will see bitcoin reaching 100k price in couple year.

wtf, do you not see bitcoin very difficult to reach 10k now?
someone is free to make predictions, and predictions are made to be trusted by others. this looks impossible  ::)

This too much and I don't think any bull market can push the price of bitcoin in just few months left for this year. I'm hoping this to happen in few more years as more investors will take part of this phenomenal technology.

Its not possible for now but i think bitcoin prices going to hit 50k in 2 years. Reasons are simple; halving, upcoming economic crisis, and more. Lets wait 2 years more to get rich!

The price of Bitcoin will never fall to the level of 100 $, this situation will not allow the markets in which the payment of works, goods and services by this crypto currency is already carried out.

Even if these events were not to occur in near future or in 2018 specifically, it was not possible for the price to reach up so high in a little time. We need to wait for a long time to see this price of Bitcoin. In my opinion the internal clashes of Bitcoin activists are more harmful than any of the event or negative marking.

Hey mate you should read carefully in this thread because they said 100k USD that means 100000 USD you wrongly understand the topic. This year obviously not possible in 100K USD so this discussion is no need for this forum. May be 2020 it will be possible in crypto world.

$50k in 2 years is just too tiny for bitcoin price rises specially since now price is below the real value and we are nowhere near that time when price rises in small increments. at this point we are in the exciting adoption stage and the market is growing fast and although at times there is downtimes like these days, the money is still coming in and waiting to pour back in.

It does not look feasible taking into account the current situation. Had this question been asked in the month of December 2017 many would have said including me that yes it can reach $100k by end of 2018. But things have changed over time and now people are very cautious about putting money into crypto as many countries are putting restrictions and also the bear market which we had from January 2018 until now.

Let's hope after ETF approval may be we can see some big push but that does not seem to happen until March 2019.

Bitcoin price may reach upto $15K by the end of this year. $100k within this short period of time is impossible!

According to Bitcoin Price prediction (https://coinswitch.co/news/bitcoin-price-prediction-2018-btc-price-may-touch-15611-usd-in-2018-updated-08-30-2018), Bitcoin will touch the $50k mark in the year 2023. It is forecasted to stand at $50044.6 . As per this prediction, it is clear that after 5 year investment only the price can reach to $50k. Within 5 months, it can never touch $100K.
https://coinswitch.co/news/bitcoin-price-prediction-2018-btc-price-may-touch-15611-usd-in-2018-updated-08-30-2018 (https://coinswitch.co/news/bitcoin-price-prediction-2018-btc-price-may-touch-15611-usd-in-2018-updated-08-30-2018)

This is possibly if only foolish people will talk,but the reality will tell that $100,000 wil not happen this year or even in the next five years,no currency will reached this value and comparing this to gold imagine how many kilos or tons of Gold will cost $100,000 damn what a huge price

Stop dreaming because even $10,000 will be harder for the end year to hit

Hardly. This is an unlikely scenario. And in the future, this amount of bitcoin is unlikely to reach. Although I may be wrong in my predictions. Let's wait and see.

Everything is possible but unlikely

It is possible that such a rate will be in 2019, now this price for bitcoin is unlikely, such a sharp jump is also unlikely.

Maybe in 2019-2020, but even this is unlikely. If Bitcoin approaches the mark of its historical maximum, only then I can believe it.

I agree. The typical Bitcoin parabolic growth multiples the ATH price by at least 4 times before crashing. This means that 80k - 100k would be the target once 20k gets broken. Of course it takes much more steam every time because the market capitalization is so much bigger at these levels. My target is 2020. By that year we will be at a new ATH or we'll be looking at a new king.

I hope too bitcoin will reach that price. But Im not expecting to much to that price because the only chance to happen that is only 1 percent I think because if price of the bitcoin become high expect again drop another time again to pump bitcoin and we don't know what is really possible high price of the bitcoin.

In 2018, the bitcoin price can no longer be worth more than 100,000$. But I believe that the bitcoin price will be worth more than 100,000$ thousand in 5-7 years.

It would be very good if during the remainder of this year the price of bitcoin even reached fifteen or twelve thousand dollars per one Bitcoin.

According to statistics, at the moment there are no prerequisites for such a significant increase in the value of Bitcoin, but everything is possible of course.

Maybe, but I doubt it. Multiple growth has already been more than once, with a smaller capitalization of this coin, so at the moment a multiple increase is unlikely.

We are just close to the end of this year and I think about two months to go. I did not expect another bull run that will be so great to the extent of moving bitcoin's pricing to $100,000. It will be the greatest miracle of this century. However, that did not mean we are not going to see another bullish trend this year we would but I think bitcoin will remain a little above $10,000 till the end of this year.
We should also note that one day bitcoin is going to hit $100,000 and that time many companies must have adopted it. Don't be afraid about the current happening, if you can hold you will make money.

personal idea
In my opinion, Bitcoin is currently difficult to break through $9,000. First, most investors choose to invest in new altcoins, which makes Bitcoin funds begin to shift. Second, the continued downturn in the market has caused many investors to start panicking and abandon long-term investment plans!