Bitcoin Forum

Will Bitcoin ever go over 600 in next 5 years? (Till 2020)



Feel free to add your reasons!



Bitcoin price-future is dark -  camp:
- The last bubble was the last one and it will never rise again this high
- The world is exposed to Bitcoin and it said ‘Nay’

Bitcoin price-future is light - camp:
- Bitcoin is still not mainstream, we are at the beginnings
- Fundamentals (Retailers who accept bitcoin, number of users, number of addresses, number of transactions, Millions that are invested in bitcoin-companies and technology) are good and getting better.
- Next bitcoin halving 2016 or 2017, inflation drops
- winklevoss presentation on bitcoins: https://winklevosscapital.com/value-investors-congress-presentation/ (https://winklevosscapital.com/value-investors-congress-presentation/)
- Coindesk bitcoin fundamentals changing through 2014: http://www.coindesk.com/state-bitcoin-2015-ecosystem-grows-despite-price-decline/ (http://www.coindesk.com/state-bitcoin-2015-ecosystem-grows-despite-price-decline/)

- Big question mark is these EFT’s that shall bring Bitcoin to Wall Street.

Yes.

It is just 3x rise.

Will happens, even if in a quick pump bull trap

Really nothing can be said about it in such a timespan. I expect it to be overtaken by Crypto 2.0 well before then, probably in 2015/2016 ish, only to never rise again. Then, again who knows? What I do want to remark is that Bitcoin is being associated with all types of negative and criminal behavior, and its reputation might as well be permanently destroyed. This, in my opinion, will ensure that it will never really get back to the numbers we saw around november/december 2013 and later on.

Something like this. You are scared to dream high now that we are under bad times, but you are undervaluing it hardly long term by doing so.

Probably not this year, but in 5 years? Sure, why not? Anything can happen in the next 5 years.

Give it six months...

Bitcoin is a reflection of society...a walking zombie.

first: we have to figure out the rock bottom!

So in case bitcoin bounces off somewhere between 5$ and 120$ we could look at this question again. Before finding bottom: useless idea even to think about 'what if'



And society hasn't even arrived ... these are still the more intelligent zombies these days ...

This is almost impossible.

1  most coins are held for the long term
2 As the price drops then it becomes more attractive an investment
3  Far to much money will flood in to buy BTC well before hitting $100

I will caveat this with one proviso. Underlying Bitcoin technology isnt found to be totally flawed ( As it is open source and been under the microscope of pletny then this is very very unlikely)

So may I suggest you put forward reasons why it will go sub $100 without  a flood of coins being bought?

Sure it has fundamental problems like the inflation and a lot other things. Look at the charts for confirmation Bitcoin fundamentals suck ass.

I don't think it would increase without any news. The only reason it might happen could be halving or the ETF.

I wish it would but I doubt it. People will take advantage of every little high/peak to sell and make profit. This will keep the price down every time when BTC is rising.

But when I look at your deadline, till 2020, yes it will go over 600 easily.

On the contrary programmatic exponentially reducing inflation is a feature not a fundamental problem.

That aside you are predicting vastly lower prices because 'line on a chart points down' after a high volume capitulation and an 85% decline - in fact using the chart to justify fundamentals (chortle).

Good luck ;)

not in 5 years but 5 months i say yes.

I'm going to be neutral on this one but seeing that there is no option for it, I would say that I'll lean slightly towards the light camp. Reason mainly. bitcoin is still at the early stage. fiat has been around for as long as the current banking system but 5 years is still at the beginning stage. The technology mainly how unique blockchain is. Almost complete anonymity. And my favaorite is how it can be used as low fee cross border transactions.

The only one that can do that are the winklevoss brothers.

What makes you think this? Just curious but I hope you're right :).

is just speculating. Because no one really has a clue.

What makes you think that an altcoin won't be used by criminals if it surpasses Bitcoin? Its reputation will be affected as well.

no speculative bubble in 5 years?

Not gonna happen

We are so early into bitcoin adoption... Apple was founded 1976... Good things take time

The future is not predictable, why not choose "yes"?

It's still very early in the game for the technology
This year and last year were build stages where investor capital was being established to develop bitcoins value proposition further
Given a few more years by 2020 usage will impact the price dynamic in a way to make it go back over 600
Plus by then we will have had one to two more blockchain halving events which might trigger more price attention and appreciation to Bitcoins.

It may easy target within 12 months.

Till 2020 ? That's easy
Bitcoin might reach $5000 already at 2020

Maybe big companies like google already accept BTC

Bitcoin go over 600 in 5 years? Yes, it will. A classic answer, when Bitcoin started.. it worth nothing! Six years after (2015), it worth 200 USD!

None can tell it can even reach a thousand USD in minutes, hours ,days etc. it all depends on the trading volume the demand and supply of bitcoins.

Yeeee, it happened! :)


Now i am in plus the first time since about 2 years

Well, congratulations!
Good feeling right?!
Even greater to see you had the patience and were strong enough not to sell on a loss.
I know many people who just wanted to make a quick buck and have sold with a loss.I told them in few months, they might regret it.So why not just wait a bit longer if you do not need the money right?!Guess what happened the last days? They contacted me and started crying."I was so dumb not having listened to you!"
Lesson learned I would say!

And think that this will be considered prehistory someday, but still a long way. Dont rush!

The Bitcoin is already over $600 and it is on its way to $700 so that has already been passed. I am now looking forward to hitting $1000 because that is going to attract allot of attention and more users.

As you can see we have already passed $600 for a long time right now but to be honest i did not expect this happen at all.
I was surprised that the price was rising so fast before the halving was going to start.

Off course will he hit the 600 dollar did you not see where he is °standing right now we already up to 700 dollar each as you can see. So why do you think he will reach the 600 we already passed men.

Yep, and this question is so outdated. So so outdated.. I'm now actually waiting for the 800 which I feel is just around the corner.

ya it is true that this correction is healthy as some small traders have sold their btc and now its right time to buy back the btc and next week we will see the btc price above 800+ but i think before halving the price wont sustain high and we can see more correction in the second week of july when the halving will be  going on.

yes, that's for sure. the longer, bitcoin will have a lot of users, it is because bitcoin is a very powerful technology in terms of transactions and business. people can easily make money with bitcoin, so if everyone is looking for bitcoin, it is obviously going to make bitcoin prices to be higher than at present, especially in 2020, maybe then everyone was using bitcoin

We will say goodbye to triple digits forever within 24-36 months, worst case.

It shows that people like OP become really pessimistic about price increase when the price becomes stable for a while. Funny that 600 is the new floor.

Bitcoin have a chance to become a mainstream, when will it happen is hard to predict. I think OP made some good arguments, we are on beginning and there is a lot of time for btc to grow and become one of the leading currencies in the world.
I think interest in btc will grow over the years, and that will force shops and big companies to accept btc. If we look where btc was 5 years ago, and where it is now we see a big difference, we can assume that for next five years there will be even bigger changes.
On of the reasons why btc price will grow is miners, they will need to make profit in order to continue with mining, so logic tell as that after btc halving price needs to go up and stay there. But there is halving for 4 years again, so gradually price will rise in that period.