How much do you think 1 Bitcoin will be worth in 2020?

[cjmoles]

I am not agree with price like $10K, or $100K but IMO we can see price ranging $1500-2500 in year 2020

You never know, there could be some sort of tipping point event that causes a mass influx of new users. In one year we could go from $300 to $30,000 if demand suddenly sky rockets. I really don't expect a steady gradual rise. I expect a violent movement caused by FOMO.

I think that the fear of getting ripped off (FOGRO) will be far more deterministic than the fear of missing out (FOMO).  The poker industry was a great example:  At first many played, but as player's skill advanced and technology began to be utilized that allowed real time statistical analysis and "bum hunting" software became available, new money became more scarce and old money began moving out.  Bitcoin is following the same curve.

[birdcat90]

i vote for 1000 usd...because bitcoin future still full of uncertainty

only 1000 usd is more realistic in my eyes..10k usd is too high..and below 100 usd is too low..

[jt byte]

i vote for 1000 usd...because bitcoin future still full of uncertainty

only 1000 usd is more realistic in my eyes..10k usd is too high..and below 100 usd is too low..

From the all options in the poll list 1,000 USD is the nearest that bitcoin price can be reached.

It depends on many factors like block size, halving period (which probably will be twice until 2020)

[thinkinger]

zero cause there may be no internet

[ssmc2]

zero cause there may be no internet

[LFC_Bitcoin]

How much do you think 1 Bitcoin will be worth in 2020?

I'm going to have a guess at 5000 USD. I think that's realistic & I'd be damn happy if it became a reality in or by 2020.

[gentlemand]

I think that the fear of getting ripped off (FOGRO) will be far more deterministic than the fear of missing out (FOMO).  The poker industry was a great example:  At first many played, but as player's skill advanced and technology began to be utilized that allowed real time statistical analysis and "bum hunting" software became available, new money became more scarce and old money began moving out.  Bitcoin is following the same curve.

Ripped off in what sense?

It'll never reach proper success unless there are ever more no brainer ways of handling it. Things like a proper ETF deal with that problem at source.

[Ninjahitoko]

What would cause Bitcoin's price to soar rapidly.

[Biodom]

I think that the fear of getting ripped off (FOGRO) will be far more deterministic than the fear of missing out (FOMO).  The poker industry was a great example:  At first many played, but as player's skill advanced and technology began to be utilized that allowed real time statistical analysis and "bum hunting" software became available, new money became more scarce and old money began moving out.  Bitcoin is following the same curve.

Ripped off in what sense?

It'll never reach proper success unless there are ever more no brainer ways of handling it. Things like a proper ETF deal with that problem at source.

ETF (if and when it happens) is a complete and utter antithesis to whatever bitcoin stands for, which is your own control of your funds/property.
ETF can be hypothecated and rehypothecated over and over, creating a gigantic pile of paper on the top of an asset.
It happened in gold and that paper controls golds price, NOT vice versa.

Initially, it could be good for a 400% gain, which is where I will sell if ETF ever comes to fruition.

[gentlemand]

Fair comment but it's something that's easily verified. The knc etn only backs the notes with real coins. Any etf that doesn't will be shunned in favour of 'real' ones.

[Ninjahitoko]

i will be glad if the price of bitcoins will reach to about 1000 dollar by the year 2020.

honestly ~1000 seems like a pretty realistic number, anyone that thinks bitcoin is gna be worth 10000+ is just daydreaming. bitcoins price is a reflection of how much its being used and for it to go up that much the usage has to increase by a shit ton.

I agree, $1,000 seems about on mark. That will be around the time of the next halving as well.

Back in 2012 $10,000 seemed on the mark now $1000 seems on the mark.
*sigh*

[prodigy8]

I see it goes up to 800$ by year 2020. I need more weed to be certain from my smoke oracle.

Well here we are just speculating because nobody know what will be the price.
I think it will reach somewhere from 1,000 USD to 2,000 USD 5years from now.
Btw, nice avatar as a newbie lol, that was a forum bug right?

[Wekkel]

$1,000 in 5 years means nothing will have happened. It's either way above $10,000 or a relic bouncing between $1 and $100. You are all too modest.

[Biodom]

$1,000 in 5 years means nothing will have happened. It's either way above $10,000 or a relic bouncing between $1 and $100. You are all too modest.

I completely agree
https://bitcointalk.org/index.php?topic=1200114.msg12686281#msg12686281

[cjmoles]

I think that the fear of getting ripped off (FOGRO) will be far more deterministic than the fear of missing out (FOMO).  The poker industry was a great example:  At first many played, but as player's skill advanced and technology began to be utilized that allowed real time statistical analysis and "bum hunting" software became available, new money became more scarce and old money began moving out.  Bitcoin is following the same curve.

Ripped off in what sense?

It'll never reach proper success unless there are ever more no brainer ways of handling it. Things like a proper ETF deal with that problem at source.

Ripped off in the sense that one gives bitcoin in exchange for some product but doesn't receive the product....Many times this aspect of bitcoin requires the use of an escrow service which makes using bitcoin as a tender very burdensome.  Here is an example from our very own Bitcointalk forum....these guys got away with tens of thousands of dollars very recently: https://bitcointalk.org/index.php?topic=1158117.240

[Miiike]

Ripped off in the sense that one gives bitcoin in exchange for some product but doesn't receive the product....Many times this aspect of bitcoin requires the use of an escrow service which makes using bitcoin as a tender very burdensome.  Here is an example from our very own Bitcointalk forum....these guys got away with tens of thousands of dollars very recently: https://bitcointalk.org/index.php?topic=1158117.240

Simplified: scammers will be the main downfall of btc curve?

[gentlemand]

these guys got away with tens of thousands of dollars very recently: https://bitcointalk.org/index.php?topic=1158117.240

Self moderated topic - check. No escrow - check. Promising the Earth in a vague manner - check. Via this forum - check.

Err, what the fuck did they expect? If someone walked up to you in the street with a bag over their head asking for cash to invest in a hypothetical scheme with no contact details would anyone hand it over?

I know what you mean about escrow being a burden. Better to only deal with well established and identifiable people like plenty of other areas in life.

[cjmoles]

Ripped off in the sense that one gives bitcoin in exchange for some product but doesn't receive the product....Many times this aspect of bitcoin requires the use of an escrow service which makes using bitcoin as a tender very burdensome.  Here is an example from our very own Bitcointalk forum....these guys got away with tens of thousands of dollars very recently: https://bitcointalk.org/index.php?topic=1158117.240

Simplified: scammers will be the main downfall of btc curve?

Yes.  The way bitcoin is governed attracts thieves, black-marketers, and scam artists.  The more exposure the technology gets, the more it attracts these type characters and the less legitimate the technology becomes.  The community seems to support the rogue nature of the technology which further adds to its degradation.  Honest money leaves and thieves are left scamming each other.  Bitcoin's volume will drop...(as the black market wont even want it if they can't regulate it and enforce their transactions "gandland" style) and a new better governed, self-regulated, and easily enforced cryptographic technology will take its place....way before 2020!

[Miiike]

Ripped off in the sense that one gives bitcoin in exchange for some product but doesn't receive the product....Many times this aspect of bitcoin requires the use of an escrow service which makes using bitcoin as a tender very burdensome.  Here is an example from our very own Bitcointalk forum....these guys got away with tens of thousands of dollars very recently: https://bitcointalk.org/index.php?topic=1158117.240

Simplified: scammers will be the main downfall of btc curve?

Yes.  The way bitcoin is governed attracts thieves, black-marketers, and scam artists.  The more exposure the technology gets, the more it attracts these type characters and the less legitimate the technology becomes.  The community seems to support the rogue nature of the technology which further adds to its degradation.  Honest money leaves and thieves are left scamming each other.  Bitcoin's volume will drop...(as the black market wont even want it if they can't regulate it and enforce their transactions "gandland" style) and a new better governed, self-regulated, and easily enforced cryptographic technology will take its place....way before 2020!

But then it'll create a vicious circle, a loop which has no ends, isn't it?
Btc will fall because of scammers, then a new coin arise (just for example: litecoin), attracts people to invest on it, which then attracts scammers, which soon will became the dead of litecoin, then a new coin arise . . . . and so on.

[malzahar]

Ripped off in the sense that one gives bitcoin in exchange for some product but doesn't receive the product....Many times this aspect of bitcoin requires the use of an escrow service which makes using bitcoin as a tender very burdensome.  Here is an example from our very own Bitcointalk forum....these guys got away with tens of thousands of dollars very recently: https://bitcointalk.org/index.php?topic=1158117.240

Simplified: scammers will be the main downfall of btc curve?

I think theres more to what the downfall of btc will become.

It has to be a big event.. not just scammers..